
Cheap Homes for Rent in the South Waterfront Neighborhood of Knoxville, TN from $1,345 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the South Waterfront area of Knoxville.

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.

1205 Hedge Ave
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.

400 12th St
South Waterfront, Knoxville, TN Local Guide

How much does it cost to rent a home in South Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Waterfront 2 Bedroom Homes for Rent | $2,023 | $1,345 | $2,475 |
| South Waterfront 3 Bedroom Homes for Rent | $2,200 | $1,950 | $2,400 |
| South Waterfront 4 Bedroom Homes for Rent | $1,770 | $1,770 | $1,770 |
| South Waterfront 5 Bedroom Homes for Rent | $1,755 | $1,755 | $1,755 |
| South Waterfront 6 Bedroom Homes for Rent | $1,690 | $1,690 | $1,690 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the South Waterfront Neighborhood of Knoxville, TN.
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Best Value Homes for Rent in South Waterfront, TN
As of September 29, 2026 the best value rental home in the South Waterfront area is the $1.44 price per square foot 524 Goldfinch Ave Model at 524 Goldfinch Ave in the South Knoxville neighborhood starting from $1,950. The second greatest value South Waterfront rental home is the 1121 Tree Top Way Model at 1121 Tree Top Way, Unit 1422 in the West Knoxville neighborhood starting at $2,250 with a $1.69 price per square foot. Here is today’s list of the best values for South Waterfront homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 524 Goldfinch Ave | 524 Goldfinch Ave | 3BR, 1BA | $1.44 |
| 1121 Tree Top Way, Unit 1422 | 1121 Tree Top Way | 3BR, 3BA | $1.69 |
| 603 W Main St | 603 W Main St | 2BR, 2BA | $2.42 |
Frequently Asked Questions about South Waterfront
What type of rentals are currently available in South Waterfront?
There are currently 102 Apartments for Rent in South Waterfront, TN with pricing that ranges from $720 to $4,290. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Waterfront ranging from $1,345 to $2,600.
What is the current price range for Rental Homes in South Waterfront?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Waterfront ranges from $1,345 to $2,600 with an average monthly rent of $2,141.
How much are larger Three and Four Bedroom Rentals in South Waterfront?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South Waterfront range from $790 to $4,290, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,770 and Four Bedroom Apartments start at $720.
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 City's 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.

Knoxville's 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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.