Most Affordable Neighborhoods in Knoxville, TN
Some of the cheapest neighborhoods in Knoxville are Uptown Knoxville, Marble City, and Belle Morris. These neighborhoods offer some of the lowest rent prices in Knoxville, making them ideal for renters on a budget. As of December 26, 2024, the average rent in Knoxville is $1,273, which is 0.4% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Uptown Knoxville
Average Rent
$1,353/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
31/100
Units Available
102 Rentals
Known for its central location, Uptown Knoxville is located between I-275 and North Broadway. The neighborhood is filled with historical and affordable housing options. Uptown Knoxville provides easy access to the Knoxville Museum of Art as well as a variety of shops, parks, and breweries.
Marble City
Average Rent
$1,420/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
30/100
Units Available
39 Rentals
Located near the Tennessee River, Marble City is home to several parks, including Third Creek Greenway Park and John Tarleton Park. Affordable apartments and 19th-century mansions line the tree-shaded streets, creating a picturesque atmosphere. Marble City is known for its fantastic dining scene, with restaurants serving everything from BBQ to Ethiopian.
Belle Morris
Average Rent
$1,475/Month
TransitScore® Rating
31/100
Units Available
5 Rentals
When you’re looking for a great Knoxville neighborhood on a budget, check out Belle Morris. The average rent is $1,475, compared to the city average of $1,273. Belle Morris is convenient to Knoxville Botanical Garden & Arboretum, Pellissippi State, Division St, and UT Knoxville. The community is somewhat walkable with a WalkScore® of 62.
Old North Knoxville
Average Rent
$1,478/Month
TransitScore® Rating
36/100
Units Available
6 Rentals
Old North Knoxville is an affordable neighborhood in Knoxville with an average rent price of $1,478. Compare this to the city average of $1,273. Old North Knoxville provides easy access to Pellissippi State, Division St, Knoxville Botanical Garden & Arboretum, and UT Knoxville. It’s a walkable neighborhood with a WalkScore® of 74.
Oakwood
Average Rent
$1,495/Month
TransitScore® Rating
33/100
Units Available
1 Rentals
If you’re looking for a great, affordable neighborhood in Knoxville, Oakwood might be the perfect place! It has an average rent price of $1,495, while the city’s average stands at $1,273. Oakwood is near McGhee Tyson, The Muse Knoxville, and 3710-3730 Walker Blvd Shopping Center.
West Knoxville
Average Rent
$1,504/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
32/100
Units Available
318 Rentals
West Knoxville is a beautiful neighborhood with scenic mountain views. Residents enjoy easy access to some of Knoxville’s favorite destinations, such as Turkey Creek shopping district. Nearby parks like Westview Park provide outdoor recreation like hiking and picnicking.
Fort Sanders
Average Rent
$1,654/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
45/100
Units Available
14 Rentals
Nestled adjacent to the University of Tennessee, Fort Sanders offers a mix of historic architecture and budget-friendly rentals. Just a short stroll from World’s Fair Park, residents can enjoy outdoor recreation and cultural events. With its proximity to downtown, it's easy to explore Market Square's dining and entertainment options.
Morningside
Average Rent
$1,655/Month
TransitScore® Rating
43/100
Units Available
24 Rentals
Morningside offers a quiet residential atmosphere with easy access to its namesake park, as well as the Tennessee River, the Morningside Greenway, and the James White Greenway. The neighborhood enjoys proximity to the Knoxville Botanical Garden and Arboretum.
North Knoxville
Average Rent
$1,742/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
32/100
Units Available
313 Rentals
North Knoxville's historic charm is matched by budget-friendly rental options. The neighborhood is a stone's throw from Happy Holler, known for its quirky shops and unique dining experiences. Head to Old North Knoxville and enjoy the historic mansions and shady streets. Walking trails in Sharp's Ridge Memorial Park provide scenic escapes.
Old Sevier
Average Rent
$1,917/Month
Year-Over-Year Rent Change
11.5%
TransitScore® Rating
48/100
Units Available
38 Rentals
Old Sevier is a top choice for budget-conscious renters for a variety of reasons. The average rent in Old Sevier is $1,917 while the city average is $1,273. This is a -11.5% difference from last year. Residents enjoy convenient access to UT Knoxville, Knoxville Botanical Garden & Arboretum, and South College. The neighborhood is considered somewhat walkable with a WalkScore® of 53.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.