Cheap Homes for Rent in Lake City, TN from $800 (7 Rentals)

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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

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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Frequently Asked Questions about Lake City

What type of rentals are currently available in Lake City?

There are currently 45 Apartments for Rent in Lake City, TN with pricing that ranges from $767 to $4,380. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake City ranging from $885 to $2,700.

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 $885 to $2,700 with an average monthly rent of $1,845.

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 $4,380, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,725 to $2,450. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $2,129.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.