Cheap Apartments for Rent in Lake City, TN from $700 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake City.

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Lake City, TN Local Guide

Cheapest Available Lake City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake City, TN is a 2 Beds unit found at Oakhill Apartments in the North Knoxville neighborhood priced from $795. Rolling Hills Apartment Homes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $875. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oakhill Apartments5540 N. Broadway St. Oak Hills Apartments2BR,1BA$795
Rolling Hills Apartment HomesThe Cumberland2BR,1BA$875
The Bunkers at Oak RidgeOne Bedroom - One Bath1BR,1BA$960
Altitude @ 6313Studio Elevation 3000Studio,1BA$999
Canyon & Knox LandingKnox S1-DStudio,1BA$999

Best Value Apartments for Rent in Lake City, TN and Nearby

As of September 20, 2025 the best value apartment in the Lake City area is the $1.53 price per square foot Altamont Model at The Summit Townhomes in the starting from $2,112. The second greatest value Lake City apartment is the Neyland Model at Legacy Pointe starting at $1,690 with a $1.33 price per square foot in the West Knoxville neighborhood. Here is today’s list of the best values for Lake City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Summit TownhomesAltamont3BR,2.5BA$1.53
Legacy PointeNeyland2BR,2BA$1.33
Emory Cove2 Bedroom 2 Bath-Emory Cove2BR,2BA$1.52
Secret City Apartments2 Bed 1 Bath2BR,1BA$1.41
Rand 9382 Bed 1.5 Bath2BR,1.5BA$1.44
Views at Elm Grove2 Bedroom2BR,1BA$1.49
Teller Village Apartments2 Bedroom2BR,2BA$1.23
Rolling Hills Apartment HomesThe Cumberland2BR,1BA$0.96
Oakhill Apartments5540 N. Broadway St. Oak Hills Apartments2BR,1BA$0.96
Creek Ridge ApartmentsFinch1BR,1BA$1.57

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Pet Friendly Lifestyle
Lake City, TN

Ranked #133

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Lake City, TN

Walk Score®

25 / 100

Car-Dependent

Most errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lake City Apartments

What is the Cheapest Studio apartment in Lake City?

Currently the most affordable Cheap Studio Apartment in Lake City is at Canyon & Knox Landing listed at $999.

How much is rent for a Cheap One Bedroom Lake City Apartment?

The lowest price for a Cheap One Bedroom Lake City Apartment is $960 at The Bunkers at Oak Ridge.

What is the lowest price for a Cheap Two Bedroom Lake City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake City is starting from $795 at Oakhill Apartments.

What is the most affordable Lake City Three Bedroom Apartment?

The best deal on a cheap Lake City Three Bedroom Apartment rental is at Forest Ridge Apartments and starts from $1,620.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.