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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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Southside Flats
1 to 3 Bedroom Apartments

Southside Flats

2727 Fort Stanley wayKnoxville, TN 37920
  • Utilities Included
property at 510 14th St

510 14th St

KnoxvilleTN37916

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Studio unit found at City South Apartments priced from $924. Maplehurst has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,165. Here are the most affordable South Waterfront apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
City South ApartmentsStudio - 612Studio,1BA$924
Maplehurst1 Bedroom1BR,1BA$1,165
Highland Terrace CommunitiesHighland Terrace 2 Bedroom 1 Bath2BR,1BA$1,338
The Scene at 2300Two Bedroom / One Bath2BR,1BA$1,375
Highland Avenue ApartmentsTop Floors2BR,1BA$1,400

Best Value Apartments for Rent in South Waterfront, TN

As of June 09, 2025 the best value apartment in the South Waterfront area is the $2.54 price per square foot B3 Model at One Riverwalk in the in the North Knoxville neighborhood starting from $3,084. The second greatest value South Waterfront apartment is the The Tristar- Limited Availability Model at The Landings starting at $2,999 with a $2.61 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 ListingModel NameBed/BathPrice Per Sq.Ft.
One RiverwalkB32BR,2BA$2.54
The LandingsThe Tristar- Limited Availability3BR,2BA$2.61
The DavyB22BR,2BA$1.81
The HenleyMetro1BR,1BA$1.78
Highland Terrace CommunitiesHighland Terrace 2 Bedroom 1 Bath2BR,1BA$1.78
South Banks at Suttree Landing1 Bedroom1BR,1BA$2.60
Highland Avenue Apartments1st Floor2BR,1BA$1.98
The Scene at 2300Two Bedroom / One Bath2BR,1BA$1.96
811 East DowntownThe Main1BR,1BA$2.44
MaplehurstStudiosStudio ,1BA$2.67

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Pet Friendly Lifestyle
South Waterfront, Knoxville, TN

Ranked #30

Among neighborhoods in Knoxville, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
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 $1,649.

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

The cheapest apartment in South Waterfront is Maplehurst which is listed at $1,165, while the average apartment in South Waterfront costs $2,899.

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 54 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 $1,377 which is $1,522 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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.