Cheap Apartments for Rent in the Downtown Knoxville Neighborhood of Knoxville, TN from $700 (19 Rentals)

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

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1309 Forest Ave
2 Bedroom Apartments

1309 Forest Ave

1309 Forest AveKnoxville, TN 37916
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316 James Agee St
2 Bedroom Apartments

316 James Agee St

316 James Agee StKnoxville, TN 37916
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Highland Terrace IV
1 to 2 Bedroom Apartments

Highland Terrace IV

2329-2343 Highland AveKnoxville, TN 37916
Student Housing
  • Utilities Included
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The Highland On Laurel
1 Bedroom Apartments

The Highland On Laurel

1533 Laurel AveKnoxville, TN 37916
Student Housing
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116 S Gay St
Studio to 4 Bedroom Apartments

116 S Gay St

116 S Gay StKnoxville, TN 37902
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The Highland V
2 to 3 Bedroom Apartments

The Highland V

1523 Highland AveKnoxville, TN 37916
Student Housing
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JFG Flats
Studio to 3 Bedroom Apartments

JFG Flats

200 W Jackson AveKnoxville, TN 37902
  • Utilities Included

Knoxville's Best Affordable Neighborhoods

Learn about Knoxville and the best places to live with original content written by our Local Expert Wendy Melton

Downtown Knoxville, Knoxville, TN Local Guide

Cheapest Available Downtown Knoxville Apartments for Rent

 

The cheapest available apartment rental in the Downtown Knoxville area of Knoxville, TN is a 3 Beds unit found at Society 865 priced from $799. Highland Terrace Communities has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Downtown Knoxville apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Society 8653SA - Sigma3BR,2BA$799
Highland Terrace CommunitiesHighland Terrace EfficiencyStudio,1BA$925
Commons at KnoxvilleC13BR,2BA$1,070
The Standard at KnoxvillePeerless 3 - 4Br, 4Ba4BR,4BA$1,100
MaplehurstStudiosStudio,1BA$1,196

Best Value Apartments for Rent in Downtown Knoxville, TN

As of April 25, 2025 the best value apartment in the Downtown Knoxville area is the $1.17 price per square foot D5 Model at Union Knoxville in the in the West Knoxville neighborhood starting from $1,445. The second greatest value Downtown Knoxville apartment is the 1815 Logan Ave Model at 1815 Logan Ave, Unit A1 starting at $1,375 with a $1.15 price per square foot in the West Knoxville neighborhood. Here is today’s list of the best values for Downtown Knoxville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Union KnoxvilleD54BR,4BA$1.17
1815 Logan Ave, Unit A11815 Logan Ave1BR,1BA$1.15
The DavyB22BR,2BA$1.81
Nova KnoxvilleFrisco A2BR,2BA$1.69
The Standard at KnoxvilleFulmer 5 - 2Br, 2Ba2BR,2BA$2.01
Highland Avenue Apartments1st Floor2BR,1BA$1.98
Tradition KnoxvilleAbrams1BR,1BA$2.41
Commons at KnoxvilleB12BR,1BA$2.20
Society 8652GA - Gamma2BR,2BA$2.03
Highland Terrace CommunitiesHighland Terrace EfficiencyStudio ,1BA$2.64

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Pet Friendly Lifestyle
Downtown Knoxville, Knoxville, TN

Ranked #30

Among neighborhoods in Knoxville, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Knoxville Apartments

What is a cheap apartment in Downtown Knoxville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Knoxville is under $1,573.

What is the price of a cheap apartment in Downtown Knoxville?

The cheapest apartment in Downtown Knoxville is Maplehurst which is listed at $1,238, while the average apartment in Downtown Knoxville costs $18,600.

What types of apartments are the cheapest in Downtown Knoxville?

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 67 regular apartments in Downtown Knoxville 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 Downtown Knoxville?

Cheap apartments in Downtown Knoxville have an average cost of $1,293 which is $17,307 cheaper than the average rent for all rentals in Downtown Knoxville.

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 An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN article

An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN

Written by: Wendy Melton

Knoxville is considered to be a jewel of the south. It is the largest city in the eastern half of Tennessee and home to the main campus of the University of Tennessee.

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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.