Most Affordable Neighborhoods in Knoxville, TN
Some of the cheapest neighborhoods in Knoxville are Edgewood, Parkridge, and Park City. These neighborhoods offer some of the lowest rent prices in Knoxville, making them ideal for renters on a budget. As of April 14, 2025, the average rent in Knoxville is $1,316, which is 2.1% lower 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.
Edgewood
Average Rent
$925/Month
TransitScore® Rating
40/100
Units Available
1 Rentals
Edgewood is an affordable neighborhood in Knoxville with an average rent price of $925. Compare this to the city average of $1,316. Edgewood provides easy access to UT Knoxville, Magnolia Plaza, and Pellissippi State, Magnolia. It’s a car-dependent neighborhood with a WalkScore® of 49.
Parkridge
Average Rent
$962/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
36/100
Units Available
2 Rentals
If you’re looking for a great, affordable neighborhood in Knoxville, Parkridge might be the perfect place! It has an average rent price of $962, while the city’s average stands at $1,316. In the last year, prices have increased by 1.1%. Parkridge is near Knoxville Zoo, 2115 E Magnolia Ave, and Harvest Plaza.
Park City
Average Rent
$1,255/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
35/100
Units Available
3 Rentals
Park City is a top choice for budget-conscious renters for a variety of reasons. The average rent in Park City is $1,255 while the city average is $1,316. This is a 1.1% difference from last year. Residents enjoy convenient access to Ijams Nature Center, UT Knoxville, and The Muse Knoxville. The neighborhood is considered car-dependent with a WalkScore® of 49.
Uptown Knoxville
Average Rent
$1,327/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
31/100
Units Available
115 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.
Belle Morris
Average Rent
$1,360/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 $1,360, compared to the city average of $1,316. Belle Morris is convenient to Broadway Shopping Center, Three Rivers Rambler, and UT Knoxville. The community is somewhat walkable with a WalkScore® of 62.
Marble City
Average Rent
$1,396/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
30/100
Units Available
33 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.
Old North Knoxville
Average Rent
$1,420/Month
TransitScore® Rating
36/100
Units Available
5 Rentals
Old North Knoxville is an affordable neighborhood in Knoxville with an average rent price of $1,420. Compare this to the city average of $1,316. Old North Knoxville provides easy access to The Muse Knoxville, Three Rivers Rambler, and Magnolia Shopping Center. It’s a walkable neighborhood with a WalkScore® of 74.
Fort Sanders
Average Rent
$1,466/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
45/100
Units Available
23 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.
West Knoxville
Average Rent
$1,517/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
18/100
Units Available
321 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.
Morningside
Average Rent
$1,632/Month
Year-Over-Year Rent Change
6.6%
TransitScore® Rating
43/100
Units Available
31 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.
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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.