
Cheap Apartments for Rent in the South Waterfront Neighborhood of Knoxville, TN from $700 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Waterfront area of Knoxville.


3831 Cherokee Woods Way

3825 Cherokee Woods Way

Cherokee Ridge Apartments

Oak Crest Apartments

Maplehurst

City South Apartments

The Henley
Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee
Discover why Knoxville, Tennessee is one of the South's best places to rent. Explore top neighborhoods, universities, restaurants, and everything the city has to offer.

Summit Towers

Highland Avenue Apartments

1309 Forest Ave

316 James Agee St

612 South Studios

White Avenue Apartments

410 Sir Keegan Way

Hidden Ridge Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Chapman Square Apartments

Southside Flats

220 Taliwa Gardens Dr

1004 Game Day Way

Young High Flats

228 Hawthorne Ave

473 Walnut St

1501 Clinch Ave
Knoxville Living: Mapping Your Next Apartment Near the City's Biggest Businesses
Looking for a rental in Knoxville? Our guide breaks down 20+ neighborhoods with affordable housing, great schools, and easy access to job opportunities across Knox County.
South Waterfront, Knoxville, TN Local Guide

How much does it cost to rent an apartment in South Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Waterfront Studio Apartments | $1,444 | $1,025 | $1,800 |
| South Waterfront 1 Bedroom Apartments | $2,033 | $950 | $4,100 |
| South Waterfront 2 Bedroom Apartments | $2,301 | $1,000 | $4,050 |
| South Waterfront 3 Bedroom Apartments | $2,214 | $875 | $4,155 |
| South Waterfront 4 Bedroom Apartments | $1,067 | $720 | $3,516 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the South Waterfront Neighborhood of Knoxville, TN.
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South Waterfront, Knoxville, TN Local Guide
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Cheapest Available South Waterfront Apartments for Rent
 The cheapest available apartment rental in the South Waterfront area of Knoxville, TN is a 2 Beds unit found at Oak Crest Apartments priced from $1,000. Maplehurst has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable South Waterfront apartments for rent in Knoxville, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $1,000 |
| Maplehurst | Efficiency | Studio,1BA | $1,025 |
| Southside Flats | 1A Type B 60% | 1BR,1BA | $1,095 |
| City South Apartments | Studio - 612 | 1BR,1BA | $1,120 |
| 811 East Downtown | The Main | 1BR,1BA | $1,595 |
Best Value Apartments for Rent in South Waterfront, TN
As of July 22, 2026 the best value apartment in the South Waterfront area is the $0.83 price per square foot Two Bedroom Model at Oak Crest Apartments in the in the North Knoxville neighborhood starting from $1,000. The second greatest value South Waterfront apartment is the 3x2 By the Bedroom Model at The Landings starting at $899 with a $0.78 price per square foot in the East Knoxville neighborhood. Here is today’s list of the best values for South Waterfront apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $0.83 |
| The Landings | 3x2 By the Bedroom | 3BR,2BA | $0.78 |
| The Henley | Urban | 2BR,2BA | $1.52 |
| One Riverwalk | A8 | 1BR,1BA | $3.05 |
| South Banks at Suttree Landing | 1 Bedroom | 1BR,1BA | $2.46 |
| The Tribute | LARGE 1 BDR | 1BR,1BA | $2.61 |
| Marble Alley Lofts | A1 - Marley | 1BR,1BA | $3.34 |
| Southside Flats | 1A Type B 60% | 1BR,1BA | $1.64 |
| 811 East Downtown | The Main | 1BR,1BA | $2.44 |
| Flagship Kern's Apartments | Academic Year 2026 - 2027 - A1 | 1BR,1BA | $2.69 |
Knoxville's College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting
Searching for student housing in Knoxville? Discover affordable rentals in neighborhoods near top colleges in Knoxville, TN.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Lifestyle Ratings
Our team works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Knoxville. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, apartment communities for the kids, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap South Waterfront Apartments
What is the price of a cheap apartment in South Waterfront?
The cheapest apartment in South Waterfront is Southside Flats which is listed at $1,095, while the average apartment in South Waterfront costs $2,278.
What types of apartments are the cheapest in South Waterfront?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 80 regular apartments in South Waterfront that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Waterfront?
Cheap apartments in South Waterfront have an average cost of $1,440 which is $838 cheaper than the average rent for all rentals in South Waterfront.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee
Written by: Wendy Melton
Knoxville, Tennessee, is a jewel in the heart of the South. Many travelers who pass through often return again and again because of the hospitality and friendliness of local residents.

Knoxville Living: Mapping Your Next Apartment Near the Citys Biggest Businesses
Written by: Wendy Melton
With a population of over 190,000, Knoxville, Tennessee, is the third-largest city in the state. It sits adjacent to the Tennessee River.

Knoxvilles College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting
Written by: Wendy Melton
Knoxville, Tennessee, is located in the heart of the Great Smoky Mountains. The quiet calm of the mountains is the perfect place for college students to study and focus on their education.

An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN
Written by: Wendy Melton
Knoxville is considered to be a jewel of the south. It is the largest city in the eastern half of Tennessee and home to the main campus of the University of Tennessee.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.