Cheap Homes for Rent in Louisville, TN from $1,200 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Louisville.

property at 1120 Franck St

$1,275 - $1,495

1 To 2 Bedroom Rentals

Available Jun 5

1120 Franck St

AlcoaTN37701

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.

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.

Louisville, TN Local Guide

Cheapest Available Louisville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Louisville, TN is a 1 Bed unit found at The District Knoxville in the West Hills neighborhood priced from $900. Cedar Hill in the West Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $935. Here is today’s list of the most affordable Louisville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The District KnoxvilleMove In Special!!!!1BR,1BA$900
Cedar HillStudio One Bath OpenStudio,1BA$935
Tiffany Square2 Bedroom2BR,1BA$1,020

Best Value Apartments for Rent in Louisville, TN and Nearby

As of May 27, 2026 the best value apartment in the Louisville area is the $1.23 price per square foot Preston Park Model at Preston Park in the in the Maryville Alcoa neighborhood starting from $2,900. The second greatest value Louisville apartment is the C - The Biltmore Model at The Reserve at Maryville Apartments starting at $1,874 with a $1.28 price per square foot in the Maryville Alcoa neighborhood. Here is today’s list of the best values for Louisville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Preston ParkPreston Park3BR,3.5BA$1.23
The Reserve at Maryville ApartmentsC - The Biltmore3BR,2BA$1.28
Camellia TraceThe Appalachian3BR,2BA$1.10
The Villas on Wallace RoadChesterfield3BR,2BA$1.48
Vintage Hunters Crossing ApartmentsThe Laurel3BR,2BA$1.52
Mountain View2BR Townhouse2BR,1.5BA$1.22
Heritage Lake ApartmentsThe Cherokee2BR,2BA$1.33
Amberleigh BluffB22BR,2BA$1.52
River Hill TownhomesCobalt2BR,1.5BA$1.36
Tiffany Square2 Bedroom2BR,1.5BA$1.08

Knoxville's College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting

Searching for student housing in Knoxville? Discover affordable rentals in neighborhoods near top colleges in Knoxville, TN.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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

Explore Louisville, TN Rentals by Map

View Map
Louisville, TN Apartments Map
View Map
Louisville, TN Rental Homes Map

Frequently Asked Questions about Louisville

What type of rentals are currently available in Louisville?

There are currently 55 Apartments for Rent in Louisville, TN with pricing that ranges from $850 to $3,799. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Louisville ranging from $1,200 to $5,500.

What is the current price range for Rental Homes in Louisville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Louisville ranges from $1,200 to $5,500 with an average monthly rent of $2,634.

How much are larger Three and Four Bedroom Rentals in Louisville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Louisville range from $1,275 to $3,799, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $2,310.

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.

Helpful Local Expert Guides

decorative image for An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN article

An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN

Written by: Wendy Melton

Knoxville is considered to be a jewel of the south. It is the largest city in the eastern half of Tennessee and home to the main campus of the University of Tennessee.

decorative image for Knoxvilles College Scene: An Experts Deep Dive into Local Universities and Top Student Neighborhoods for Renting article

Knoxvilles College Scene: An Experts Deep Dive into Local Universities and Top Student Neighborhoods for Renting

Written by: Wendy Melton

Knoxville, Tennessee, is located in the heart of the Great Smoky Mountains. The quiet calm of the mountains is the perfect place for college students to study and focus on their education.

decorative image for Knoxville Living: Mapping Your Next Apartment Near the Citys Biggest Businesses article

Knoxville Living: Mapping Your Next Apartment Near the Citys Biggest Businesses

Written by: Wendy Melton

With a population of over 190,000, Knoxville, Tennessee, is the third-largest city in the state. It sits adjacent to the Tennessee River.

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.