Cheap Apartments for Rent in Lake City, TN from $700 (37 Rentals)

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

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.

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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.

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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.

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Oakhill Apartments
2 Bedroom Apartments

Oakhill Apartments

5540 N Broadway StKnoxville, TN 37918
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-37, Page 1 of 1

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 1 Bed unit found at Coal Creek Apartment Homes priced from $795. Canyon and Knox Landing Apartments in the West Knoxville neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $879. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Coal Creek Apartment Homes1 bedroom1BR,1BA$795
Canyon and Knox Landing ApartmentsKnox S1Studio,1BA$879
Royce Hill- Income Restrictions ApplyOne Bedroom1BR,1BA$897
Rolling Hills Apartment HomesThe Cumberland2BR,1BA$900
Windsor Court ApartmentsCanterburyStudio,1BA$954
The Bunkers at Oak RidgeOne Bedroom - One Bath1BR,1BA$990
Rand Stockton Apartment HomesA Stockton 1 bedroom 12 month lease Special1BR,1BA$1,005
Creek Ridge ApartmentsWren2BR,1BA$1,050
North Park ApartmentsB32BR,1BA$1,050
Woodbury Crossing2 A Floor Plan2BR,1BA$1,096

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

As of May 28, 2026 the best value apartment in the Lake City area is the $1.23 price per square foot The Sycamore Model at Poplar Creek in the starting from $2,295. The second greatest value Lake City apartment is the 2 Bed 2 Bath Model at Secret City Apartments starting at $1,395 with a $1.27 price per square foot . 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.
Poplar CreekThe Sycamore3BR,2.5BA$1.23
Secret City Apartments2 Bed 2 Bath2BR,2BA$1.27
Views at Elm Grove2 Bedroom2BR,1BA$1.39
Williamsburg Village2 Bed 1 Bath with washer/dryer2BR,1BA$1.20
Teller Village Apartments2 Bedroom2BR,2BA$1.20
Rolling Hills Apartment HomesThe Cumberland2BR,1BA$0.98
Woodbury Crossing2 A Floor Plan2BR,1BA$1.21
The Village Apartments2 bed 1 bath2BR,1BA$1.22
Royce Hill- Income Restrictions ApplyOne Bedroom1BR,1BA$1.20
Coal Creek Apartment Homes1 bedroom1BR,1BA$1.14

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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Real 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.

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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.

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

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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 and Knox Landing Apartments listed at $879.

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

The lowest price for a Cheap One Bedroom Lake City Apartment is $795 at Coal Creek Apartment Homes.

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 $900 at Rolling Hills Apartment Homes.

What is the most affordable Lake City Three Bedroom Apartment?

The best deal on a cheap Lake City Three Bedroom Apartment rental is at Woodbury Crossing and starts from $1,122.

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.