Cheap Apartments for Rent in Lake City, TN from $700 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake City.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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Lake City, TN Local Guide

Cheapest Available Lake City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake City, TN is a 1 Bed unit found at The Bunkers at Oak Ridge priced from $900. Canyon & Knox Landing in the West Knoxville neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Bunkers at Oak RidgeOne Bedroom - One Bath1BR,1BA$900
Canyon & Knox LandingKnox S1-DStudio,1BA$999
Teller Village Apartments2 Bedroom2BR,2BA$1,029
Creek Ridge ApartmentsCardinal1BR,1BA$1,050
Windsor CourtEdinboroStudio,1BA$1,056

Best Value Apartments for Rent in Lake City, TN and Nearby

As of April 23, 2025 the best value apartment in the Lake City area is the $1.43 price per square foot Townhome Model at Bent Branch in the in the North Knoxville neighborhood starting from $2,150. The second greatest value Lake City apartment is the Altamont Model at The Summit Townhomes starting at $2,098 with a $1.52 price per square foot . Here is today’s list of the best values for Lake City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bent BranchTownhome3BR,3BA$1.43
The Summit TownhomesAltamont3BR,2.5BA$1.52
Royce Hill- Income Restrictions ApplyThree Bedroom3BR,2BA$0.92
Emory Cove2 Bedroom 2 Bath-Emory Cove2BR,2BA$1.39
Woodbury Crossing3 B Floor Plan3BR,2BA$1.01
Rand 9382 Bed 1.5 Bath2BR,1.5BA$1.44
Teller Village Apartments2 Bedroom2BR,2BA$1.11
Rand StocktonStockton 2 Br2BR,1BA$1.50
Ridgedale Townhomes1BR1BR,1BA$1.61
Creek Ridge ApartmentsCardinal1BR,1BA$1.62

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake City, TN Rentals by Map

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See the most popular apartments and homes in Lake City, TN

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Getting Around Lake City, TN

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Lake City Apartments

What is the Cheapest Studio apartment in Lake City?

Currently the most affordable Cheap Studio Apartment in Lake City is at Canyon & Knox Landing listed at $999.

How much is rent for a Cheap One Bedroom Lake City Apartment?

The lowest price for a Cheap One Bedroom Lake City Apartment is $900 at The Bunkers at Oak Ridge.

What is the lowest price for a Cheap Two Bedroom Lake City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake City is starting from $1,029 at Teller Village Apartments.

What is the most affordable Lake City Three Bedroom Apartment?

The best deal on a cheap Lake City Three Bedroom Apartment rental is at Royce Hill- Income Restrictions Apply and starts from $1,073.

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

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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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.

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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.

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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.