Cheap Apartments for Rent in Townsend, TN from $600 (52 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

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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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

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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Asbury Way
2 Bedroom Apartments

Asbury Way

102 WayMaryville, TN 37804

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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Showing Results 1-50, Page 1 of 2

Townsend, TN Local Guide

Cheapest Available Townsend Apartments for Rent and Nearby

 

The cheapest available apartment rental in Townsend, TN is a 1 Bed unit found at Evergreen Terrace in the North Knoxville neighborhood priced from $900. Maplehurst in the West Knoxville neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here is today’s list of the most affordable Townsend apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Evergreen TerraceOne Bedroom remodel1BR,1BA$900
MaplehurstEfficiencyStudio,1BA$1,025
2436 Belvedere AveStudioStudio,1BA$1,075
Overlook at AllensvilleThe Greenbrier1BR,1BA$1,091
Red Bud Apartments2Bd/1Ba2BR,1BA$1,100
The Villas at Kyker Ferry1 Bedroom Second Level1BR,1BA$1,109
City South ApartmentsStudio - 6121BR,1BA$1,163
Living Fully SeviervilleThe ForgeStudio,1BA$1,199
Southmont ApartmentsTwo Bedroom2BR,1BA$1,199
Bridgeway ApartmentsAmbassador1BR,1BA$1,275

Best Value Apartments for Rent in Townsend, TN and Nearby

As of August 04, 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 in the South Knoxville neighborhood starting from $2,700. The second greatest value Townsend apartment is the 3 Bed - Handicap Model at Topside 333 starting at $2,100 with a $1.35 price per square foot in the South Knoxville neighborhood. 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
Topside 3333 Bed - Handicap3BR,2BA$1.35
Smoky Crossing Apartment HomesC - The Sierra3BR,2.5BA$1.26
The Reserve at Maryville ApartmentsB2 - The Vanderbilt2BR,2BA$1.45
Red Bud Apartments2Bd/1.5Ba2BR,1.5BA$0.92
Eastgate Condominiums2 Bedroom2BR,2BA$1.33
Ridge at Hamilton CrossingThe Leconte2BR,2BA$1.41
River Hill TownhomesCobalt2BR,1.5BA$1.36
Quarry Trail2BR/2BA - A1 - ELITE2BR,2BA$1.42
Flagship Kern's ApartmentsAcademic Year 2026 - 2027 - B12BR,2BA$1.28

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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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 Maplehurst listed at $1,025.

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 Red Bud Apartments.

What is the most affordable Townsend Three Bedroom Apartment?

The best deal on a cheap Townsend Three Bedroom Apartment rental is at Overlook at Allensville and starts from $1,751.

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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.