Knoxville, TN Rental Market Trends
Last updated: September 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Knoxville is $1,755, a 0.82% increase compared to the previous year, when the average rent was $1,741.
Studio Apartments at $1,222 offer the most budget-friendly option with 462 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 737 square feet for $1,417, balancing privacy and affordability.
Two-bedroom units at $1,645 offer 1,063 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,314 sq ft) for $2,173, suitable for larger households.
Average rent in Knoxville, TN
Last updated: September 30, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,755 | 994 sq. ft. |
| Studio | $1,222 | 462 sq. ft. |
| 1 Bed | $1,417 | 737 sq. ft. |
| 2 Beds | $1,645 | 1,063 sq. ft. |
| 3 Beds | $2,173 | 1,314 sq. ft. |
Knoxville, TN rent trends
Rental prices in Knoxville, TN have increased by 0.82% over the past year. The average rent moved from $1,741 to $1,755.
What's the typical rent budget in Knoxville, TN?
The largest share of rentals in Knoxville, TN (38%) 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?
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 $1,160/month
Inskip $1,174/month
Cedar Bluff $1,330/month
All of these neighborhoods fall below the city wide average of $1,755/month.Most expensive neighborhoods in Knoxville?
Downtown Knoxville $2,209/month
Fort Sanders $2,414/month
South Waterfront $2,545/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 | $2,545 |
| Fort Sanders | $2,414 |
| Downtown Knoxville | $2,209 |
| Old Sevier | $2,037 |
| Hardin Valley | $1,969 |
| Fairways and Greens | $1,928 |
| South Haven | $1,815 |
| Deane Hill | $1,783 |
| South Knoxville | $1,762 |
| Walker Springs | $1,662 |
| West Knoxville | $1,622 |
| Raintree | $1,404 |
| Pond Gap | $1,367 |
| Cedar Bluff | $1,330 |
| Inskip | $1,174 |
| Norwood | $1,160 |
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Knoxville | Rent Comparison by Neighborhood
Rent in Cedar Bluff is 25% lower than in Deane Hill
$1,330
Cedar Bluff rent is 24% lower than Knoxville average
Average Rent
$1,330
$1,783
Deane Hill rent is 2% higher than Knoxville average
Average Rent
$1,783
How Knoxville Compares to Other Cities
| City | Average Rent |
|---|---|
| Knoxville | $1,755 |
| Nashville | $1,864 |
| Memphis | $1,141 |
| Clarksville | $1,252 |
| Chattanooga | $1,480 |
| Lebanon | $1,618 |
| Murfreesboro | $1,596 |
| Antioch | $1,501 |
| Johnson City | $1,442 |
| Franklin | $2,135 |
| Madison | $1,378 |
| Oak Ridge | $1,334 |
| Sevierville, TN | $1,316 |
| Maryville, TN | $1,480 |
| Louisville, TN | $1,196 |
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.