Cheap Apartments for Rent near Lake City, TN from $767 (47 Rentals)

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

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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Oakhill Apartments
2 Bedroom Apartments

Oakhill Apartments

5540 N Broadway StKnoxville, TN 37918
  • Utilities Included

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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Callahan Flats
2 to 3 Bedroom Apartments

Callahan Flats

1511 Callahan DrKnoxville, TN 37912
  • Utilities Included
Showing Results 1-47, 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 Studio unit found at Canyon and Knox Landing Apartments in the West Knoxville neighborhood priced from $849. Windsor Court 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
Canyon and Knox Landing ApartmentsKnox S1Studio,1BA$849
Windsor Court ApartmentsEdinboroStudio,1BA$879
Rolling Hills Apartment HomesThe Cumberland2BR,1BA$900
The Flats at Jackson SquareStudioStudio,1BA$965
Woodbury CrossingA22BR,1BA$979
The Bunkers at Oak RidgeOne Bedroom - One Bath1BR,1BA$990
Steeplechase Apartment HomesA2 - 1 Bedroom, 1 Bathroom1BR,1BA$1,000
North Park ApartmentsA21BR,1BA$1,000
Daugherty Lofts1X11BR,1BA$1,065
The Village Apartments2 bed 1 bath2BR,1BA$1,100

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

As of August 27, 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 in the Oak Ridge neighborhood starting from $2,295. The second greatest value Lake City apartment is the 2 Bedroom 2 Bath-Emory Cove Model at Emory Cove starting at $1,699 with a $1.48 price per square foot in the North 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.
Poplar CreekThe Sycamore3BR,2.5BA$1.23
Emory Cove2 Bedroom 2 Bath-Emory Cove2BR,2BA$1.48
Secret City Apartments2 Bed 2 Bath2BR,2BA$1.34
Bristol ParkDawson2BR,2BA$1.50
Creek Ridge ApartmentsSparrow (Base Model)2BR,1BA$1.20
Teller Village Apartments2 Bedroom2BR,2BA$1.27
Rolling Hills Apartment HomesThe Cumberland2BR,1BA$0.98
Woodbury CrossingA12BR,1BA$1.21
The Village Apartments2 bed 1 bath2BR,1BA$1.22
Kinley LoftsA21BR,1BA$1.48

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!

Explore Lake City, TN Rentals by Map

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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 $849.

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

The lowest price for a Cheap One Bedroom Lake City Apartment is $990 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 $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

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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.

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.