Cheap Apartments for Rent in the Island Home Neighborhood of Knoxville, TN from $700 (14 Rentals)

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

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Hillwood Villas
1 to 2 Bedroom Apartments

Hillwood Villas

1642 Hillwood DrKnoxville, TN 37920
  • Utilities Included
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Southside Flats
1 to 3 Bedroom Apartments

Southside Flats

2727 Fort Stanley wayKnoxville, TN 37920
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Young High Flats
2 to 3 Bedroom Apartments

Young High Flats

121 E Young High PikeKnoxville, TN 37920
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Gardens at Knoxwood
2 to 3 Bedroom Apartments

Gardens at Knoxwood

2627 Wimpole AveKnoxville, TN 37914
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Island Home, Knoxville, TN Local Guide

Cheapest Available Island Home Apartments for Rent

 

The cheapest available apartment rental in the Island Home area of Knoxville, TN is a 1 Bed unit found at Morningside Gardens Apartments priced from $935. The Dandridge has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. Here are the most affordable Island Home apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
The DandridgeTwo Bedroom - One Bath2BR,1BA$1,100
The HenleyMetro1BR,1BA$1,307
The AdeladeZiggy2BR,1BA$1,350
Gardens at Knoxwood3X13BR,1BA$1,369

Best Value Apartments for Rent in Island Home, TN

As of March 22, 2025 the best value apartment in the Island Home 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 Island Home apartment is the The Mod Model at The Henley starting at $1,830 with a $1.66 price per square foot in the East Knoxville neighborhood. Here is today’s list of the best values for Island Home apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2607 E 5th Ave2607 E 5th Ave2BR,2BA$1.06
The HenleyThe Mod2BR,2BA$1.66
First Creek at Austin2 BR2BR,1BA$1.48
Gardens at Knoxwood3X13BR,1BA$1.48
The DavyB22BR,2BA$1.81
The DanielThe Daniel - B52BR,1BA$2.00
The DandridgeTwo Bed OneBath - UPG2BR,1BA$1.58
South Banks at Suttree Landing1 Bedroom1BR,1BA$2.20
The AdeladeBodhi1BR,1BA$1.99
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$1.71

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Pet Friendly Lifestyle
Island Home, Knoxville, TN

Ranked #26

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Tennessee and customized analysis for Knoxville, Tennessee. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and easy access to the parks, places to raise kids, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Island Home Apartments

What is a cheap apartment in Island Home?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Island Home is under $1,513.

What is the price of a cheap apartment in Island Home?

The cheapest apartment in Island Home is Morningside Gardens Apartments which is listed at $935, while the average apartment in Island Home costs $1,649.

What types of apartments are the cheapest in Island Home?

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 2,359 regular apartments in Island Home 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 Island Home?

Cheap apartments in Island Home have an average cost of $1,064 which is $585 cheaper than the average rent for all rentals in Island Home.

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.

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

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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

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

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