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
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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
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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 1 Bed unit found at 16th Place Apartments priced from $780. 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
16th Place ApartmentsOne Bedroom1BR,1BA$780
Highland Terrace CommunitiesHighland Terrace EfficiencyStudio,1BA$925
MaplehurstEfficiencyStudio,1BA$1,002
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 February 28, 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
The Standard at KnoxvilleFulmer 5 - 2Br, 2Ba2BR,2BA$2.01
Union KnoxvilleB12BR,2BA$2.02
Highland Avenue Apartments1st Floor2BR,1BA$1.98
Barclay House ApartmentsOne Bedroom1BR,1BA$1.84
Stockyard LoftsA11BR,1BA$2.56
Tradition KnoxvilleAbrams1BR,1BA$1.98
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

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Knoxville Apartments

What is the Cheapest Studio apartment in Downtown Knoxville?

Currently the most affordable Cheap Studio Apartment in Downtown Knoxville is at Highland Terrace Communities listed at $925.

How much is rent for a Cheap One Bedroom Downtown Knoxville Apartment?

The lowest price for a Cheap One Bedroom Downtown Knoxville Apartment is $1,029 at Highland Terrace Communities.

What is the lowest price for a Cheap Two Bedroom Downtown Knoxville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Knoxville is starting from $1,080 at 16th Place Apartments.

What is the most affordable Downtown Knoxville Three Bedroom Apartment?

The best deal on a cheap Downtown Knoxville Three Bedroom Apartment rental is at Commons at Knoxville and starts from $1,140.

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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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.

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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.