Cheap Apartments for Rent in Townsend, TN from $700 (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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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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Riverpark Apartments
1 to 3 Bedroom Apartments

Riverpark Apartments

1110 Old Knoxville HwySevierville, TN 37862
  • Utilities Included

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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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

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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Showing Results 1-50, 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 1 Bed unit found at Evergreen Terrace in the North Knoxville neighborhood priced from $900. 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
Evergreen TerraceOne Bedroom remodel1BR,1BA$900
Cedar Ridge ApartmentsOne Bedroom Apartment1BR,1BA$1,000
MaplehurstEfficiencyStudio,1BA$1,025
2436 Belvedere AveStudioStudio,1BA$1,075
Living Fully SeviervilleThe ForgeStudio,1BA$1,099
The Villas at Kyker Ferry1 Bedroom Second Level1BR,1BA$1,109
Hub Knoxville4x2 Pod4BR,2BA$1,174
Southmont ApartmentsTwo Bedroom2BR,1BA$1,199
City South ApartmentsStudio - 6121BR,1BA$1,214
Riverside South3 Bedroom A3BR,1BA$1,244

Best Value Apartments for Rent in Townsend, TN and Nearby

As of June 20, 2026 the best value apartment in the Townsend area is the $1.21 price per square foot Preston Park Model at Preston Park in the in the Maryville Alcoa neighborhood starting from $2,850. The second greatest value Townsend apartment is the 4x3 Model at Cherokee Farmhouse Villas starting at $2,700 with a $1.23 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.
Preston ParkPreston Park3BR,3.5BA$1.21
Cherokee Farmhouse Villas4x34BR,3BA$1.23
Smoky Crossing Apartment HomesC - The Sierra3BR,2.5BA$1.23
Camellia TraceThe Appalachian3BR,2BA$1.10
Eastgate Condominiums2 Bedroom2BR,2BA$1.33
Slate at 9014x2B4BR,2BA$0.93
River Hill TownhomesCobalt2BR,1.5BA$1.36
Quarry Trail2BR/2BA - A12BR,2BA$1.21
Cedar Ridge ApartmentsOne Bedroom Apartment1BR,1BA$1.18
Riverside South3 Bedroom A3BR,1BA$1.47

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 $1,199 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 Riverside South and starts from $1,244.

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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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.