Cheap Apartments for Rent in the Downtown Knoxville Neighborhood of Knoxville, TN from $700 (17 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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Sterchi's Lofts
Studio to 4 Bedroom Apartments

Sterchi's Lofts

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

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 Studio unit found at Highland Terrace Communities priced from $925. Maplehurst has the second lowest priced unit, which is a Studio apartment currently listed from $1,014. Here are the most affordable Downtown Knoxville apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Highland Terrace CommunitiesHighland Terrace EfficiencyStudio,1BA$925
MaplehurstEfficiencyStudio,1BA$1,014
Society 8653SA - Sigma3BR,2BA$1,029
The Standard at KnoxvillePeerless 3 - 4Br, 4Ba4BR,4BA$1,100
Commons at KnoxvilleC33BR,2BA$1,140

Best Value Apartments for Rent in Downtown Knoxville, TN

As of April 04, 2025 the best value apartment in the Downtown Knoxville area is the $2.65 price per square foot 1815 Logan Ave Model at 1815 Logan Ave, Unit A2 in the in the West Knoxville neighborhood starting from $2,650. The second greatest value Downtown Knoxville 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 Downtown Knoxville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1815 Logan Ave, Unit A21815 Logan Ave2BR,2BA$2.65
The DavyB22BR,2BA$1.81
The DanielThe Daniel - B52BR,1BA$2.00
Nova KnoxvilleFrisco A2BR,2BA$1.69
The Standard at KnoxvilleFulmer 5 - 2Br, 2Ba2BR,2BA$2.01
Union KnoxvilleB12BR,2BA$2.02
Highland Avenue Apartments1st Floor2BR,1BA$1.98
Tradition KnoxvilleAbrams1BR,1BA$2.41
Society 8653SA - Sigma3BR,2BA$2.34
Highland Terrace CommunitiesHighland Terrace EfficiencyStudio ,1BA$2.64

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Pet Friendly Lifestyle
Downtown Knoxville, Knoxville, TN

Ranked #35

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

Pet Friendliness Lifestyle Score

3.0
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 $1,600.

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

The cheapest apartment in Downtown Knoxville is Maplehurst which is listed at $1,321, while the average apartment in Downtown Knoxville costs $2,750.

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 72 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 $1,333 which is $1,417 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 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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.

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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.