
Cheap Apartments for Rent in the South Waterfront Neighborhood of Knoxville, TN from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Waterfront area of Knoxville.


1106 Tree Top Way

1121 Tree Top Way

1100 Tree Top Way

3914 Cherokee Woods Way

Cherokee Ridge Apartments

3825 Cherokee Woods Way
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Oak Crest Apartments

Maplehurst

City South Apartments

1309 Forest Ave

3831 Cherokee Woods Way

316 James Agee St

White Avenue Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

3708 Spruce Ridge Way

Chapman Square Apartments

Hidden Ridge Apartments

612 South Studios

410 Sir Keegan Way

Southside Flats

Young High Flats
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 | $1,593 | $1,025 | $1,925 |
| South Waterfront 1 Bedroom Apartments | $1,929 | $825 | $4,100 |
| South Waterfront 2 Bedroom Apartments | $2,349 | $1,000 | $4,785 |
| South Waterfront 3 Bedroom Apartments | $2,325 | $790 | $4,120 |
| South Waterfront 4 Bedroom Apartments | $1,097 | $899 | $1,448 |
Browse Apartments in this Neighborhood
There are currently 21 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 1 Bed unit found at Cherokee Ridge Apartments priced from $950. Oak Crest Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,000. Here are the most affordable South Waterfront apartments for rent in Knoxville, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cherokee Ridge Apartments | The Appalachia | 1BR,1BA | $950 |
| Oak Crest Apartments | Two Bedroom | 2BR,2BA | $1,000 |
| Maplehurst | Efficiency | Studio,1BA | $1,025 |
| Young High Flats | 2-B Type B-60% | 2BR,2BA | $1,099 |
| City South Apartments | Studio - 612 | 1BR,1BA | $1,198 |
Best Value Apartments for Rent in South Waterfront, TN
As of June 04, 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 2-A Type B-60% Model at Young High Flats starting at $1,099 with a $1.15 price per square foot in the South 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 |
| Young High Flats | 2-A Type B-60% | 2BR,2BA | $1.15 |
| The Landings | The Volunteer - Full Apartment | 2BR,2BA | $2.50 |
| The Davy | B2 | 2BR,2BA | $1.63 |
| The Henley | Metro | 1BR,1BA | $1.79 |
| One Riverwalk | A7 | 1BR,1BA | $2.77 |
| South Banks at Suttree Landing | 1 Bedroom | 1BR,1BA | $2.25 |
| Flagship Kern's Apartments | Academic Year 2026 - 2027 - A2 | 1BR,1BA | $2.46 |
| 811 East Downtown | The Main | 1BR,1BA | $2.44 |
| Cherokee Ridge Apartments | The Appalachia | 1BR,1BA | $1.46 |
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 a cheap apartment in South Waterfront?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Waterfront is under $1,660.
What is the price of a cheap apartment in South Waterfront?
The cheapest apartment in South Waterfront is Cherokee Ridge Apartments which is listed at $950, while the average apartment in South Waterfront costs $2,449.
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 105 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 $1,339 which is $1,110 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

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.

Knoxvilles College Scene: An Experts 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.

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.
Articles, How-To's, and Tips

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.