Knoxville, TN Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Knoxville is $1,737, a 1.38% decrease compared to the previous year, when the average rent was $1,762.
Studio Apartments at $1,222 offer the most budget-friendly option with 460 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 734 square feet for $1,391, balancing privacy and affordability.
Two-beedroom units at $1,645 offer 1,058 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,286 sq ft) for $2,054, suitable for larger households.
Average rent in Knoxville, TN
Last updated: November 18, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,737 | 986 sq. ft. |
| Studio | $1,222 | 460 sq. ft. |
| 1 Bed | $1,391 | 734 sq. ft. |
| 2 Beds | $1,645 | 1,058 sq. ft. |
| 3 Beds | $2,054 | 1,286 sq. ft. |
Knoxville, TN rent trends
Rental prices in Knoxville, TN have decreased by 1.38% over the past year. The average rent moved from $1,762 to $1,737.
What's the typical rent budget in Knoxville, TN?
The largest share of rentals in Knoxville, TN (41%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Knoxville, TN?
45,360 or 53% of the households in Knoxville, TN are renter-occupied while 39,522 or 47% are owner-occupied.
Most affordable neighborhoods in Knoxville?
Kingston Woods $1,309/month
Pond Gap $1,350/month
Cedar Bluff $1,390/month
All of these neighborhoods fall below the city wide average of $1,737/month.Most expensive neighborhoods in Knoxville?
Fort Sanders $2,255/month
Downtown Knoxville $2,263/month
South Waterfront $2,715/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Knoxville, TN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| South Waterfront | $2,715 |
| Downtown Knoxville | $2,263 |
| Fort Sanders | $2,255 |
| Hardin Valley | $2,037 |
| Old Sevier | $1,988 |
| Old City | $1,929 |
| Halls | $1,918 |
| Fairways and Greens | $1,905 |
| Deane Hill | $1,722 |
| South Knoxville | $1,688 |
| Raintree | $1,624 |
| West Knoxville | $1,554 |
| Walker Springs | $1,525 |
| Cedar Bluff | $1,390 |
| Pond Gap | $1,350 |
| Kingston Woods | $1,309 |
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Knoxville | Rent Comparison by Neighborhood
Rent in Cedar Bluff is 19% lower than in Deane Hill
$1,390
Cedar Bluff rent is 20% lower than Knoxville average
Average Rent
$1,390
$1,722
Deane Hill rent is 1% lower than Knoxville average
Average Rent
$1,722
How Knoxville Compares to Other Cities
| City | Average Rent |
|---|---|
| Knoxville | $1,737 |
| Nashville | $1,830 |
| Memphis | $1,135 |
| Chattanooga | $1,469 |
| Clarksville | $1,260 |
| Murfreesboro | $1,579 |
| Antioch | $1,480 |
| Madison | $1,432 |
| Franklin | $2,045 |
| Johnson City | $1,392 |
| Lebanon | $1,569 |
| Lenoir City, TN | $1,564 |
| Oak Ridge, TN | $1,301 |
| Maryville, TN | $1,467 |
| Louisville, TN | $1,168 |
| Powell, TN | $1,616 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Knoxville apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.