Cheap Homes for Rent in Lake City, TN from $1,000 (11 Rentals)

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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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 Studio unit found at Windsor Court in the West Knoxville neighborhood priced from $925. Canyon & Knox Landing in the West Knoxville neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Windsor CourtEdinboroStudio,1BA$925
Canyon & Knox LandingKnox S1-DStudio,1BA$999
Teller Village Apartments2 Bedroom2BR,2BA$1,029
Creek Ridge ApartmentsCardinal1BR,1BA$1,050
The Bunkers at Oak RidgeTwo Bedroom / One Bath TH2BR,1BA$1,050

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

As of May 13, 2025 the best value apartment in the Lake City area is the $1.44 price per square foot Snowmass Premium Model at Snowmass in the in the North Knoxville neighborhood starting from $2,095. The second greatest value Lake City apartment is the Altamont Model at The Summit Townhomes starting at $2,218 with a $1.61 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.
SnowmassSnowmass Premium3BR,2.5BA$1.44
The Summit TownhomesAltamont3BR,2.5BA$1.61
Views at Elm Grove3 Bedroom3BR,2BA$1.28
Vintage at Emory Road ApartmentsB3SR2BR,2BA$1.60
Maple Sunset Apartments2BR/2.5BA2BR,2.5BA$1.45
Kinley LoftsB12BR,1BA$1.59
The Bunkers at Oak RidgeTwo Bedroom / One Bath TH2BR,1BA$1.11
Teller Village Apartments2 Bedroom2BR,2BA$1.11
Forest Ridge ApartmentsThe Cypress1BR,1.5BA$1.53
Rand StocktonStockton 2 Br2BR,1BA$1.50

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Lake City

What type of rentals are currently available in Lake City?

There are currently 42 Apartments for Rent in Lake City, TN with pricing that ranges from $767 to $5,144. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake City ranging from $1,000 to $3,600.

What is the current price range for Rental Homes in Lake City?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake City ranges from $1,000 to $3,600 with an average monthly rent of $1,944.

How much are larger Three and Four Bedroom Rentals in Lake City?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake City range from $1,029 to $5,144, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,575 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $2,237.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.