Cheap Apartments for Rent in Townsend, TN from $699 (43 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

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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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612 South Studios
Studio Apartments

612 South Studios

612 Gertrude AveKnoxville, TN 37920
Corporate Housing
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Riverpark Apartments
1 to 3 Bedroom Apartments

Riverpark Apartments

1110 Old Knoxville HwySevierville, TN 37862
  • Utilities Included

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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Asbury Way
2 Bedroom Apartments

Asbury Way

102 WayMaryville, TN 37804
Showing Results 1-43, Page 1 of 1

Townsend, TN Local Guide

Cheapest Available Townsend Apartments for Rent and Nearby

 

The cheapest available apartment rental in Townsend, TN is a Studio unit found at Cedar Ridge Apartments in the South Knoxville neighborhood priced from $875. Evergreen Terrace in the North Knoxville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Townsend apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Ridge ApartmentsJunior ApartmentStudio, 1BA$875
Evergreen TerraceOne Bedroom remodel1BR, 1BA$900
Cherokee Ridge ApartmentsThe Appalachia1BR, 1BA$950
MaplehurstEfficiencyStudio, 1BA$1,025
Red Bud Apartments2Bd/1Ba2BR, 1BA$1,100
City South ApartmentsStudio - 6121BR, 1BA$1,130
Living Fully SeviervilleThe ForgeStudio, 1BA$1,199
The Lofts at Pigeon Forge1 BD 1 Bath1BR, 1BA$1,200
Southmont ApartmentsTwo Bedroom2BR, 1BA$1,200
The Villas at Kyker Ferry1 Bedroom Second Level - expanded1BR, 1BA$1,219

Best Value Apartments for Rent in Townsend, TN and Nearby

As of September 18, 2026 the best value apartment in the Townsend area is the $1.23 price per square foot 4x3 Model at Cherokee Farmhouse Villas in the South Knoxville neighborhood starting from $2,700. The second greatest value Townsend apartment is the The Chilhowee Model at Ridge at Hamilton Crossing in the Maryville Alcoa neighborhood starting at $2,155 with a $1.50 price per square foot. Here is today’s list of the best values for Townsend apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cherokee Farmhouse Villas4x34BR, 3BA$1.23
Ridge at Hamilton CrossingThe Chilhowee3BR, 2BA$1.50
Red Bud Apartments2Bd/1.5Ba2BR, 1.5BA$0.92
Eastgate Condominiums2 Bedroom2BR, 2BA$1.33
Topside 3332 Bed Standard2BR, 2BA$1.44
River Hill TownhomesCobalt2BR, 1.5BA$1.36
Quarry Trail2BR/2BA - A1 - ELITE2BR, 2BA$1.42
Flagship Kern's ApartmentsAcademic Year 2026 - 2027 - B12BR, 2BA$1.11
Knox Row2x12BR, 1BA$1.30
Cherokee Ridge ApartmentsThe Appalachia1BR, 1BA$1.46

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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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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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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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.

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Pet Friendly Lifestyle

Ranked #

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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

Explore Townsend, TN Rentals by Map

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See the most popular apartments and homes in Townsend, TN

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Frequently Asked Questions about Cheap Townsend Apartments

What is the Cheapest Studio apartment in Townsend?

Currently the most affordable Cheap Studio Apartment in Townsend is at Cedar Ridge Apartments listed at $875.

How much is rent for a Cheap One Bedroom Townsend Apartment?

The lowest price for a Cheap One Bedroom Townsend Apartment is $900 at Evergreen Terrace.

What is the lowest price for a Cheap Two Bedroom Townsend Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Townsend is starting from $1,100 at Cedar Ridge Apartments.

What is the most affordable Townsend Three Bedroom Apartment?

The best deal on a cheap Townsend Three Bedroom Apartment rental is at Park Place West Apartments and starts from $1,398.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.