The average monthly rent of apartments in Knoxville, TN is $1,504.
The average monthly rent of apartments in Knoxville, TN is $1,504.
About 39% of apartment rents in Knoxville, TN range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 30% of apartments. Around 17% of Knoxville’s apartments are in the $701-$1,000 price range. 1% of apartments are priced between $501-$700.
Compared to the national average rent of $1,706, the average rent in Knoxville, TN is $1,504.
Prices and availability in Knoxville, TN were last updated on 28 Nov 2022.
The average rent in Knoxville, TN is $1,504. Start your search for apartments in Knoxville, TN now.
The price range for a studio apartment in Knoxville, TN is between $1,015 and $3,839. View all studio apartments in Knoxville, TN.
The price range for a 1-bedroom apartment in Knoxville, TN is between $941 and $3,197. Browse all available 1-bedroom apartments in Knoxville, TN now.
The price range for a 2-bedroom apartment in Knoxville, TN is between $635 and $4,011. Browse and find a 2-bedroom apartment in Knoxville, TN.
The price range for a 3-bedroom apartment in Knoxville, TN is between $719 and $4,335. Browse all available 3-bedroom apartments in Knoxville, TN.
In Knoxville 53% of the housing is rented out compared to 47% of homes are owned, according to the most recent Census Bureau estimates. 14% of Knoxville’s apartments are found in large buildings of 50 units or more, 60% are located in smaller apartment complexes with less than 50 units, and 26% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Knoxville are about 34 years old, on average. Of these, 32% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 89% of the rental communities here are low-rise, garden-style communities, 11% are mid-rises, and 0.7% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Rental apartments in Knoxville come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 33% of the total apartments in the city, while 2-bedroom floorplans represent around 45% of all rentals in Knoxville. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Located on the Tennessee River is Knoxville, a city located in eastern Tennessee. It is well-known as a college town since it is home to the popular University of Tennessee, but it is also an ideal renting spot for families and young professionals. The city is known for its rich history, 19th-century buildings, shops and restaurants. Young professionals who rent here can easily get jobs in neighboring cities like Chattanooga, Nashville and Atlanta, GA, as major highways connect them to Knoxville. The city’s public schools are above average, its neighborhoods are family-friendly and the nightlife here is very active, though this is one of the safest areas in the state. Knoxville has a humid subtropical climate, with temperatures ranging between 28°F and 88°F throughout the year. On average, the city sees 204 sunny days, 50 inches of rain and 6 inches of snow per year.
Knoxville has a competitive rental market across its 105 constituent neighborhoods, with more residents renting than owning their homes. Some of the most coveted neighborhoods to rent in are Downtown Knoxville, South Knoxville, Farragut, Inskip, North Hills, Old North Knoxville and Island Home. The central part of the city comprises mainly upscale neighborhoods, while neighborhoods in the northwest area offer more affordable rentals. Knoxville renters are protected from any form of discrimination, maltreatment and retaliation. Landlords must send an eviction notice between three and 30 days prior, depending on what agreement was violated in the lease. Additionally, renters can deduct certain amounts from the rent if the landlord refuses to make major repairs.
Knoxville, TN has a population of 187,487 according to the most recent data from the U.S. Census Bureau. 97,447 of Knoxville’s residents are women and 90,040 are men. The median age of those who live in Knoxville, TN is 32.9.
Knoxville has a wide range of shops and restaurants, including exciting nightlife, beautiful parks and hip restaurants throughout most neighborhoods. Some of the major shopping malls in the city include West Town Mall, Windsor Mall, Northshore Town Center, Western Plaza Shopping Center and Harvest Park Center. Renters also have access to popular department stores like Dillard’s, Kohl’s, Belk, Marshalls, JCPenney, Target, Ross Dress for Less and T.J. Maxx. For grocery shopping, renters turn to Whole Foods Market, The Fresh Market, Kroger and AM Market. Downtown Knoxville is the city's central business district, with historic places, department stores and dining venues.
According to U.S. Census data, there are 82,088 households in Knoxville, TN. 39,439 are family households and 42,649 are non-family households. There are 19,374 households with children in Knoxville and 62,714 households without children. On average, about 2.18 people live in a household in Knoxville, TN.
Knoxville has poor walkability and bikeability, so driving a car is the best way for renters to get around the city. In some neighborhoods, such as Downtown, Fort Sanders and the University of Tennessee, renters can accomplish most of their errands by foot. For renters who don’t have a car, the Knoxville Area Transit offers public transportation options like buses and trolleys. Renters can easily travel out of town to Nashville, which is 180 miles away via Interstate 40, and Atlanta, located some 215 miles away via Interstate 75. There is also a Greyhound bus station in the downtown area. For convenience, renters use carpooling, local taxis, and ridesharing services such as Uber and Lyft, as well as car rental and airport shuttle services. The closest airport is McGhee Tyson Airport, which is a short 20-minute drive from the city and operates domestic flights.
The level of education of the population of Knoxville, TN is as follows: 3% have no high school education, 35% completed some high school, 23% partially completed college, 8% have an Associate Degree, 20% have a Bachelor Degree, and 11% have a Graduate Degree.
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