Cheap Apartments for Rent in the South Waterfront Neighborhood of Knoxville, TN from $700 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Waterfront area of Knoxville.

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1309 Forest Ave
2 Bedroom Apartments

1309 Forest Ave

1309 Forest AveKnoxville, TN 37916

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316 James Agee St
2 Bedroom Apartments

316 James Agee St

316 James Agee StKnoxville, TN 37916
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White Avenue Apartments
1 Bedroom Apartments

White Avenue Apartments

1303 White AveKnoxville, TN 37916
Student Housing
  • Utilities Included
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Southside Flats
1 to 3 Bedroom Apartments

Southside Flats

2727 Fort Stanley wayKnoxville, TN 37920
  • Utilities Included

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property at 510 14th St

510 14th St

KnoxvilleTN37916
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Young High Flats
2 to 3 Bedroom Apartments

Young High Flats

121 E Young High PikeKnoxville, TN 37920
  • Utilities Included

South Waterfront, Knoxville, TN Local Guide

Cheapest Available South Waterfront Apartments for Rent

 

The cheapest available apartment rental in the South Waterfront area of Knoxville, TN is a 3 Beds unit found at The Landings priced from $799. Highland Terrace Communities has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,040. Here are the most affordable South Waterfront apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
The LandingsThe Tennessee- Limited Availability3BR,2BA$799
Highland Terrace CommunitiesHighland Terrace 1 Bed 1 Bath1BR,1BA$1,040
City South ApartmentsStudio - 612Studio,1BA$1,041
Southside Flats1A Type B 60%1BR,1BA$1,054
Church and Henley ApartmentsSatinStudio,1BA$1,239

Best Value Apartments for Rent in South Waterfront, TN

As of November 16, 2025 the best value apartment in the South Waterfront area is the $1.32 price per square foot 2-A Type A-60% Model at Young High Flats in the in the South Knoxville neighborhood starting from $1,265. The second greatest value South Waterfront apartment is the Metro Model at The Henley starting at $1,343 with a $1.68 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Young High Flats2-A Type A-60%2BR,2BA$1.32
The HenleyMetro1BR,1BA$1.68
South Banks at Suttree Landing1 Bedroom1BR,1BA$2.00
One RiverwalkA61BR,1BA$2.78
811 East DowntownThe Marble1BR,1BA$2.28
The LandingsThe Sunsphere - Limited Availability1BR,1BA$2.36
Southside Flats1A Type B 60%1BR,1BA$1.58
Flagship KernsA11BR,1BA$2.93
Highland Terrace CommunitiesHighland Terrace 1 Bed 1 Bath1BR,1BA$1.89
Marble Alley LoftsS - DobberStudio ,1BA$2.78

Don'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.

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Pet Friendly Lifestyle
South Waterfront, Knoxville, TN

Ranked #31

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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!

Getting Around the South Waterfront Neighborhood in Knoxville, TN

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

50 / 100

Good Transit

Many nearby public transportation options

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 $1,539.

What is the price of a cheap apartment in South Waterfront?

The cheapest apartment in South Waterfront is Highland Terrace Communities which is listed at $1,040, while the average apartment in South Waterfront costs $1,999.

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 173 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 $1,128 which is $871 cheaper than the average rent for all rentals in South Waterfront.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.