
Cheap Apartments for Rent in the Island Home Neighborhood of Knoxville, TN from $700 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Island Home area of Knoxville.


City South Apartments

612 South Studios

Morningside Gardens Apartments

The Dandridge

First Creek at Austin

The Adelade
Island Home, Knoxville, TN Local Guide

How much does it cost to rent an apartment in Island Home?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Island Home Studio Apartments | $1,989 | $800 | $3,000 |
Island Home 1 Bedroom Apartments | $1,848 | $750 | $4,292 |
Island Home 2 Bedroom Apartments | $1,900 | $1,100 | $7,211 |
Island Home 3 Bedroom Apartments | $1,869 | $999 | $6,037 |
Island Home 4 Bedroom Apartments | $1,262 | $1,199 | $1,299 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Island Home Neighborhood of Knoxville, TN.
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Island Home, Knoxville, TN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $935 |
The Dandridge | Two Bedroom - One Bath | 2BR,1BA | $1,100 |
The Henley | Metro | 1BR,1BA | $1,307 |
The Adelade | Ziggy | 2BR,1BA | $1,350 |
Gardens at Knoxwood | 3X1 | 3BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2607 E 5th Ave | 2607 E 5th Ave | 2BR,2BA | $1.06 |
The Henley | The Mod | 2BR,2BA | $1.66 |
First Creek at Austin | 2 BR | 2BR,1BA | $1.48 |
Gardens at Knoxwood | 3X1 | 3BR,1BA | $1.48 |
The Davy | B2 | 2BR,2BA | $1.81 |
The Daniel | The Daniel - B5 | 2BR,1BA | $2.00 |
The Dandridge | Two Bed OneBath - UPG | 2BR,1BA | $1.58 |
South Banks at Suttree Landing | 1 Bedroom | 1BR,1BA | $2.20 |
The Adelade | Bodhi | 1BR,1BA | $1.99 |
Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.71 |
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Pet Friendly LifestyleIsland Home, Knoxville, TN
Ranked #26
Among neighborhoods in Knoxville, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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.

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.

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.

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.