Knoxville, TN Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Knoxville is $1,761, a 0.62% increase compared to the previous year, when the average rent was $1,750.
Studio Apartments at $1,230 offer the most budget-friendly option with 463 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 737 square feet for $1,416, balancing privacy and affordability.
Two-bedroom units at $1,644 offer 1,062 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,312 sq ft) for $2,157, suitable for larger households.
Average rent in Knoxville, TN
Last updated: August 31, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,761 | 994 sq. ft. |
| Studio | $1,230 | 463 sq. ft. |
| 1 Bed | $1,416 | 737 sq. ft. |
| 2 Beds | $1,644 | 1,062 sq. ft. |
| 3 Beds | $2,157 | 1,312 sq. ft. |
Knoxville, TN rent trends
Rental prices in Knoxville, TN have increased by 0.62% over the past year. The average rent moved from $1,750 to $1,761.
What's the typical rent budget in Knoxville, TN?
The largest share of rentals in Knoxville, TN (39%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Knoxville, TN?
46,023 or 53% of the households in Knoxville, TN are renter-occupied while 40,240 or 47% are owner-occupied.
Most affordable neighborhoods in Knoxville?
Norwood $1,164/month
Inskip $1,175/month
Kingston Woods $1,251/month
All of these neighborhoods fall below the city wide average of $1,761/month.Most expensive neighborhoods in Knoxville?
South Waterfront $2,439/month
Fort Sanders $2,468/month
Chapman Ridge $3,601/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Knoxville, TN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Chapman Ridge | $3,601 |
| Fort Sanders | $2,468 |
| South Waterfront | $2,439 |
| Downtown Knoxville | $2,199 |
| Old Sevier | $2,040 |
| Old City | $1,969 |
| Hardin Valley | $1,955 |
| Fairways and Greens | $1,915 |
| South Haven | $1,859 |
| Deane Hill | $1,802 |
| Halls | $1,788 |
| South Knoxville | $1,764 |
| West Knoxville | $1,625 |
| Walker Springs | $1,532 |
| Raintree | $1,426 |
| Pond Gap | $1,368 |
| Cedar Bluff | $1,360 |
| Kingston Woods | $1,251 |
| Inskip | $1,175 |
| Norwood | $1,164 |
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Knoxville | Rent Comparison by Neighborhood
Rent in Cedar Bluff is 62% lower than in Chapman Ridge
$1,360
Cedar Bluff rent is 23% lower than Knoxville average
Average Rent
$1,360
$3,601
Chapman Ridge rent is 105% higher than Knoxville average
Average Rent
$3,601
How Knoxville Compares to Other Cities
| City | Average Rent |
|---|---|
| Knoxville | $1,761 |
| Nashville | $1,864 |
| Memphis | $1,145 |
| Clarksville | $1,251 |
| Chattanooga | $1,476 |
| Murfreesboro | $1,603 |
| Lebanon | $1,624 |
| Antioch | $1,505 |
| Johnson City | $1,443 |
| Franklin | $2,149 |
| Hermitage | $1,454 |
| Oak Ridge | $1,313 |
| Maryville, TN | $1,471 |
| Louisville, TN | $1,191 |
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.