Cheap Apartments for Rent in the South Waterfront Neighborhood of Knoxville, TN from $700 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Waterfront 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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Southside Flats
1 to 3 Bedroom Apartments

Southside Flats

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

Young High Flats

121 E Young High PikeKnoxville, TN 37920
  • Utilities Included

Knoxville's Best Affordable Neighborhoods

Learn about Knoxville and the best places to live with original content written by our Local Expert Wendy Melton

South Waterfront, Knoxville, TN Local Guide

Cheapest Available South Waterfront Apartments for Rent

 

The cheapest available apartment rental in the South Waterfront area of Knoxville, TN is a 1 Bed unit found at Maplehurst priced from $1,306. The Henley has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,357. Here are the most affordable South Waterfront apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Maplehurst1 Bedroom1BR,1BA$1,306
The HenleyMetro1BR,1BA$1,357
Highland Avenue ApartmentsTop Floors2BR,1BA$1,400
Highland Terrace CommunitiesHighland Terrace 2 Bed 2 Bath Small2BR,2BA$1,464
City South ApartmentsStudioStudio,1BA$1,477

Best Value Apartments for Rent in South Waterfront, TN

As of May 01, 2025 the best value apartment in the South Waterfront area is the $2.63 price per square foot The Tennessee- Limited Availability Model at The Landings in the in the East Knoxville neighborhood starting from $2,949. The second greatest value South Waterfront apartment is the Highland Terrace 2 Bed 2 Bath Small Model at Highland Terrace Communities starting at $1,464 with a $1.33 price per square foot in the West Knoxville neighborhood. Here is today’s list of the best values for South Waterfront apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The LandingsThe Tennessee- Limited Availability3BR,2BA$2.63
Highland Terrace CommunitiesHighland Terrace 2 Bed 2 Bath Small2BR,2BA$1.33
The HenleyThe Mod2BR,2BA$1.71
The DavyB22BR,2BA$1.81
Maplehurst2 Bedroom2BR,1BA$2.10
South Banks at Suttree Landing1 Bedroom1BR,1BA$2.34
Highland Avenue Apartments1st Floor2BR,1BA$1.98
The Scene at 2300Two Bedroom / One Bath2BR,1BA$2.25
City South ApartmentsStudioStudio ,1BA$2.23
811 East DowntownThe Main1BR,1BA$2.44

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Pet Friendly Lifestyle
South Waterfront, Knoxville, TN

Ranked #28

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 works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Knoxville. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, apartment communities for the kids, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the South Waterfront Neighborhood in Knoxville, TN

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

50 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap South Waterfront Apartments

What is a cheap apartment in South Waterfront?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Waterfront is under $1,599.

What is the price of a cheap apartment in South Waterfront?

The cheapest apartment in South Waterfront is Maplehurst which is listed at $1,306, while the average apartment in South Waterfront costs $3,800.

What types of apartments are the cheapest in South Waterfront?

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 21 regular apartments in South Waterfront 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 South Waterfront?

Cheap apartments in South Waterfront have an average cost of $1,333 which is $2,467 cheaper than the average rent for all rentals in South Waterfront.

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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An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN

Written by: Wendy Melton

Knoxville is considered to be a jewel of the south. It is the largest city in the eastern half of Tennessee and home to the main campus of the University of Tennessee.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.