
Cheap Homes for Rent in Townsend, TN from $1,500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Townsend.


111 Gray Squirrel Ln

450 Tittsworth Springs Rd

115 Park Dr
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.

1823 Bertie St

2537 Blockhouse Rd

520 Briarcliff Way

2221 Compton Dr
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.

8849 Chapman Trce Wy
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 | $1,791 | $1,550 | $2,500 |
| Townsend 3 Bedroom Homes for Rent | $2,189 | $1,500 | $2,750 |
| Townsend 4 Bedroom Homes for Rent | $2,546 | $1,895 | $3,595 |
Browse Top Homes for Rent in Townsend
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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 1 Bed unit found at Evergreen Terrace in the North Knoxville neighborhood priced from $900. Cherokee Ridge Apartments in the South Knoxville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Townsend apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Evergreen Terrace | One Bedroom remodel | 1BR,1BA | $900 |
| Cherokee Ridge Apartments | The Appalachia | 1BR,1BA | $950 |
| Cedar Ridge Apartments | One Bedroom Apartment | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Townsend, TN and Nearby
As of May 31, 2026 the best value apartment in the Townsend area is the $1.23 price per square foot Preston Park Model at Preston Park in the in the Maryville Alcoa neighborhood starting from $2,900. The second greatest value Townsend apartment is the The Appalachian Model at Camellia Trace starting at $1,555 with a $1.10 price per square foot in the Maryville Alcoa 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. |
|---|---|---|---|
| Preston Park | Preston Park | 3BR,3.5BA | $1.23 |
| Camellia Trace | The Appalachian | 3BR,2BA | $1.10 |
| The Reserve at Maryville Apartments | B3 - The Winchester | 2BR,2BA | $1.33 |
| Eastgate Condominiums | 2 Bedroom | 2BR,2BA | $1.33 |
| Slate at 901 | 4x2B | 4BR,2BA | $0.93 |
| Ridge at Hamilton Crossing | The Buckley | 2BR,2BA | $1.47 |
| River Hill Townhomes | Cobalt | 2BR,1.5BA | $1.36 |
| Quarry Trail | 2BR/2BA - A1 | 2BR,2BA | $1.22 |
| Cedar Ridge Apartments | One Bedroom Apartment | 1BR,1BA | $1.18 |
| Cherokee Ridge Apartments | The Appalachia | 1BR,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.
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.
Read ArticleQuick 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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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 $799 to $8,164. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Townsend ranging from $1,500 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 $1,500 to $3,595 with an average monthly rent of $2,175.
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 $799 to $8,164, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $837.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.

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.