
Cheap Apartments for Rent in the Five Points Neighborhood of Knoxville, TN from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points area of Knoxville.


612 South Studios

Highland Terrace Communities

Morningside Gardens Apartments

2323 E Magnolia Ave, Unit 3

Summit Towers

The Dandridge

First Creek at Austin

Knox High Apartments

The Adelade
Five Points, Knoxville, TN Local Guide

How much does it cost to rent an apartment in Five Points?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Five Points Studio Apartments | $1,903 | $800 | $3,000 |
Five Points 1 Bedroom Apartments | $2,027 | $780 | $4,808 |
Five Points 2 Bedroom Apartments | $2,264 | $1,080 | $7,344 |
Five Points 3 Bedroom Apartments | $2,477 | $999 | $6,037 |
Five Points 4 Bedroom Apartments | $1,646 | $1,199 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Knoxville, TN.
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Five Points, Knoxville, TN Local Guide
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Cheapest Available Five Points Apartments for Rent
 The cheapest available apartment rental in the Five Points area of Knoxville, TN is a Studio unit found at Highland Terrace Communities priced from $925. Morningside Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $935. Here are the most affordable Five Points apartments for rent in Knoxville, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Highland Terrace Communities | Highland Terrace Efficiency | Studio,1BA | $925 |
Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $935 |
Maplehurst | Efficiency | Studio,1BA | $999 |
The Dandridge | Two Bedroom - One Bath | 2BR,1BA | $1,100 |
Gardens at Knoxwood | 2x1 | 2BR,1BA | $1,279 |
Best Value Apartments for Rent in Five Points, TN
As of March 28, 2025 the best value apartment in the Five Points area is the $1.06 price per square foot 2607 E 5th Ave Model at 2607 E 5th Ave in the in the Holston Hills neighborhood starting from $1,399. The second greatest value Five Points apartment is the 401 E Scott Ave Model at 401 E Scott Ave, Unit 401-1 starting at $1,795 with a $1.63 price per square foot in the West Knoxville neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2607 E 5th Ave | 2607 E 5th Ave | 2BR,2BA | $1.06 |
401 E Scott Ave, Unit 401-1 | 401 E Scott Ave | 2BR,1BA | $1.63 |
First Creek at Austin | 2 BR | 2BR,1BA | $1.48 |
The Davy | B2 | 2BR,2BA | $1.81 |
The Dandridge | Two Bedroom - One Bath | 2BR,1BA | $1.33 |
2806 Brooks Ave | 2806 Brooks Ave | 2BR,1BA | $1.85 |
319 E Scott Ave, Unit 319-1 | 319 E Scott Ave | 1BR,1BA | $1.87 |
Highland Avenue Apartments | 1st Floor | 2BR,1BA | $1.98 |
Gardens at Knoxwood | 2x1 | 2BR,1BA | $1.85 |
Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.71 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleFive Points, Knoxville, TN
Ranked #18
Among neighborhoods in Knoxville, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
This website compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including Five Points, Knoxville, and the greater Knoxville area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, multifamily communities for the kids, raising pets, transit options, and more. These search options are in the site filters at the top of this page.
Getting Around the Five Points Neighborhood in Knoxville, TN
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
67 / 100
Bikeable
Some bike infrastructure
Transit Score®
37 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Five Points Apartments
What is a cheap apartment in Five Points?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Five Points is under $1,470.
What is the price of a cheap apartment in Five Points?
The cheapest apartment in Five Points is Morningside Gardens Apartments which is listed at $935, while the average apartment in Five Points costs $2,615.
What types of apartments are the cheapest in Five Points?
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 73 regular apartments in Five Points 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 Five Points?
Cheap apartments in Five Points have an average cost of $1,128 which is $1,487 cheaper than the average rent for all rentals in Five Points.
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.

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.

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.

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.

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.