Cheap Apartments for Rent in the Colonial Village Neighborhood of Knoxville, TN from $700 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Colonial Village area of Knoxville.

close
View Me
Zaina Apartments
1 Bedroom Apartments

Zaina Apartments

319-400 Hialeah DrKnoxville, TN 37920
  • Utilities Included
close
View Me
Young High Flats
2 to 3 Bedroom Apartments

Young High Flats

121 E Young High PikeKnoxville, TN 37920
  • Utilities Included

Colonial Village, Knoxville, TN Local Guide

Cheapest Available Colonial Village Apartments for Rent

 

The cheapest available apartment rental in the Colonial Village area of Knoxville, TN is a 2 Beds unit found at The Adelade priced from $1,350. City South Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,448. Here are the most affordable Colonial Village apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
The AdeladeZiggy2BR,1BA$1,350
City South ApartmentsOne Bedroom1BR,1BA$1,448
South Banks at Suttree Landing1 Bedroom1BR,1BA$1,515

Best Value Apartments for Rent in Colonial Village, TN

As of March 23, 2025 the best value apartment in the Colonial Village area is the $2.21 price per square foot The French Broad Model at Rivers Edge Apartments in the in the Holston Hills neighborhood starting from $2,981. The second greatest value Colonial Village apartment is the B2 Model at The Davy starting at $1,609 with a $1.81 price per square foot in the Holston Hills neighborhood. Here is today’s list of the best values for Colonial Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rivers Edge ApartmentsThe French Broad3BR,2BA$2.21
The DavyB22BR,2BA$1.81
South Banks at Suttree Landing1 Bedroom1BR,1BA$2.24
The AdeladeBodhi1BR,1BA$1.99
The Scene at 2300Two Bedroom / One Bath2BR,1BA$2.25
City South ApartmentsStudioStudio ,1BA$2.26
303 FlatsJackson - SOLD OUT!!1BR,1BA$3.12
The TributeLARGE STUDIOStudio ,1BA$3.24

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Colonial Village Apartments

What is a cheap apartment in Colonial Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Colonial Village is under $1,620.

What is the price of a cheap apartment in Colonial Village?

The cheapest apartment in Colonial Village is The Adelade which is listed at $1,396, while the average apartment in Colonial Village costs $4,325.

What types of apartments are the cheapest in Colonial Village?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 714 regular apartments in Colonial Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Colonial Village?

Cheap apartments in Colonial Village have an average cost of $2,036 which is $2,289 cheaper than the average rent for all rentals in Colonial Village.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.