
Cheap Homes for Rent in Townsend, TN from $950 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Townsend.


12827 Chapman Hwy

809 Cates St

7052 E Lamar Alexander Pkwy, Unit 12

7052 E Lamar Alexander Pkwy, Unit 3

7052 E Lamar Alexander Pkwy, Unit 10
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.

507 S Cedar St

4703 Wildwood Rd

1715 Tuckaleechee Pike

810 Old McGinley Dr

115 Park Dr

2914 Patrick Ave
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.
Townsend, TN Local Guide

How much does it cost to rent a home in Townsend?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Townsend 2 Bedroom Homes for Rent | $1,421 | $950 | $2,400 |
| Townsend 3 Bedroom Homes for Rent | $2,333 | $1,750 | $3,200 |
| Townsend 4 Bedroom Homes for Rent | $2,986 | $2,250 | $3,595 |
| Townsend 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
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Townsend, TN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Ridge Apartments | Junior Apartment | Studio,1BA | $875 |
| Evergreen Terrace | One Bedroom remodel | 1BR,1BA | $900 |
| Maplehurst | Efficiency | Studio,1BA | $1,025 |
| Red Bud Apartments | 2Bd/1Ba | 2BR,1BA | $1,100 |
| City South Apartments | Studio - 612 | 1BR,1BA | $1,131 |
Best Value Apartments for Rent in Townsend, TN and Nearby
As of August 29, 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 B2 - The Rosemont Model at Smoky Crossing Apartment Homes starting at $1,772 with a $1.38 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cherokee Farmhouse Villas | 4x3 | 4BR,3BA | $1.23 |
| Smoky Crossing Apartment Homes | B2 - The Rosemont | 2BR,2.5BA | $1.38 |
| Red Bud Apartments | 2Bd/1.5Ba | 2BR,1.5BA | $0.92 |
| Eastgate Condominiums | 2 Bedroom | 2BR,2BA | $1.33 |
| Topside 333 | 2 Bed Standard | 2BR,2BA | $1.42 |
| River Hill Townhomes | Cobalt | 2BR,1.5BA | $1.36 |
| Hub Knoxville | 4x2 Pod | 4BR,2BA | $1.31 |
| Cherokee Ridge Apartments | The Sequoya | 2BR,1BA | $1.33 |
| Flagship Kern's Apartments | Academic Year 2026 - 2027 - B1 | 2BR,2BA | $1.11 |
| University Park | 2x1 | 2BR,1BA | $1.31 |
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 ArticleReal 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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Frequently Asked Questions about Townsend
What type of rentals are currently available in Townsend?
There are currently 55 Apartments for Rent in Townsend, TN with pricing that ranges from $699 to $5,397. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Townsend ranging from $950 to $3,595.
What is the current price range for Rental Homes in Townsend?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Townsend ranges from $950 to $3,595 with an average monthly rent of $2,128.
How much are larger Three and Four Bedroom Rentals in Townsend?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Townsend range from $699 to $5,397, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $699.
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

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.

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.

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.

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.