Cheap Apartments for Rent in Townsend, TN from $800 (50 Rentals)

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

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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Riverpark Apartments
1 to 3 Bedroom Apartments

Riverpark Apartments

1110 Old Knoxville HwySevierville, TN 37862
  • Utilities Included
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612 South Studios
Studio Apartments

612 South Studios

612 Gertrude AveKnoxville, TN 37920
Corporate Housing
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Asbury Way
2 Bedroom Apartments

Asbury Way

102 WayMaryville, TN 37804

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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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 Cherokee Ridge Apartments in the South Knoxville neighborhood priced from $950. Cedar Ridge Apartments in the South Knoxville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Townsend apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cherokee Ridge ApartmentsThe Appalachia1BR,1BA$950
Cedar Ridge ApartmentsOne Bedroom Apartment1BR,1BA$1,000
MaplehurstEfficiencyStudio,1BA$1,025
2436 Belvedere AveStudioStudio,1BA$1,075
City South ApartmentsStudio - 6121BR,1BA$1,162
Hub Knoxville4x2 Pod4BR,2BA$1,174
Living Fully SeviervilleThe ForgeStudio,1BA$1,199
Southmont ApartmentsTwo Bedroom2BR,1BA$1,199
Bridgeway ApartmentsAmbassador1BR,1BA$1,250
The Lofts at Pigeon ForgeNEW 1 BD 1 Bath1BR,1BA$1,275

Best Value Apartments for Rent in Townsend, TN and Nearby

As of May 05, 2026 the best value apartment in the Townsend area is the $1.10 price per square foot The Appalachian Model at Camellia Trace in the in the Maryville Alcoa neighborhood starting from $1,555. The second greatest value Townsend apartment is the 2 Bedroom Model at Eastgate Condominiums starting at $1,600 with a $1.33 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.
Camellia TraceThe Appalachian3BR,2BA$1.10
Eastgate Condominiums2 Bedroom2BR,2BA$1.33
Slate at 9014x2B4BR,2BA$1.04
Smoky Mountain Flats2 - Bedroom2BR,2BA$1.53
Coleson Creek Apartments2 Bedroom Townhouse2BR,1.5BA$1.35
River Hill TownhomesCobalt2BR,1.5BA$1.36
Smoky Crossing Apartment HomesB - The Somerset2BR,1.5BA$1.51
Quarry Trail2BR/2BA - A1 - ELITE2BR,2BA$1.42
Cedar Ridge ApartmentsOne Bedroom Apartment1BR,1BA$1.18
Cherokee Ridge ApartmentsThe Appalachia1BR,1BA$1.46

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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 $950 at Cherokee Ridge Apartments.

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 $1,199 at Southmont Apartments.

What is the most affordable Townsend Three Bedroom Apartment?

The best deal on a cheap Townsend Three Bedroom Apartment rental is at Camellia Trace and starts from $1,555.

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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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.

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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.

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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.