What is the average apartment size in Downtown Knoxville, Knoxville, TN?

The average size for a Downtown Knoxville, Knoxville, TN apartment is 764 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Downtown Knoxville?

As of Mar / 2026, the average rent in Downtown Knoxville is $2,146 per month, a 0.75% decrease from last years average of $2,162.

What is the average apartment size in Downtown Knoxville?

The typical apartment in Downtown Knoxville offers about 764 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Downtown Knoxville, Knoxville, TN Rental Market Trends

Q: What's the typical rent budget in Downtown Knoxville?

The typical rent budget in Downtown Knoxville ranges from $1,501 to $2,000 per month, with 45% of rentals in this range.

Q: Do most people rent or own in Downtown Knoxville?

In Downtown Knoxville, 80% of households rent while 20% own their homes, based on the latest U.S. Census data.

Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Knoxville is $2,146, a 0.75% decrease compared to the previous year, when the average rent was $2,162.

One-bedroom apartments provide 675 square feet for $1,925, balancing privacy and affordability.

Two-beedroom units at $2,785 offer 1,075 square feet, perfect for roommates or small families.

Average rent in Downtown Knoxville, Knoxville, TN

Last updated: April 23, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,146	764 sq. ft.
Studio	n/a	n/a
1 Bed	$1,925	675 sq. ft.
2 Beds	$2,785	1,075 sq. ft.
3 Beds	n/a	n/a

Downtown Knoxville, Knoxville, TN rent trends

Rental prices in Downtown Knoxville, Knoxville, TN have decreased by 0.75% over the past year. The average rent moved from $2,162 to $2,146.

What's the typical rent budget in Downtown Knoxville, Knoxville, TN?

The largest share of rentals in Downtown Knoxville, Knoxville, TN (45%) 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 Downtown Knoxville, Knoxville, TN?

666 or 80% of the households in Downtown Knoxville, Knoxville, TN are renter-occupied while 162 or 20% are owner-occupied.

Most affordable neighborhoods in Downtown Knoxville?

Norwood $1,185/month

Inskip $1,193/month

Kingston Woods $1,273/month

All of these neighborhoods fall below the city wide average of $1,742/month.

Most expensive neighborhoods in Downtown Knoxville?

Downtown Knoxville $2,146/month

Fort Sanders $2,451/month

South Waterfront $2,609/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	$2,609
Fort Sanders	$2,451
Downtown Knoxville	$2,146
Old Sevier	$2,032
Fairways and Greens	$1,992
Hardin Valley	$1,962
Halls	$1,847
South Knoxville	$1,704
Deane Hill	$1,659
Raintree	$1,546
West Knoxville	$1,494
Cedar Bluff	$1,382
Walker Springs	$1,375
Pond Gap	$1,320
Kingston Woods	$1,273
Inskip	$1,193
Norwood	$1,185

Knoxville | Rent Comparison by Neighborhood

Rent in Downtown Knoxville is 55% higher than in Cedar Bluff

$2,146

Downtown Knoxville rent is the same as Knoxville average

Average Rent $2,146

$1,382

Cedar Bluff rent is 36% lower than Knoxville average

Average Rent $1,382

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 Downtown 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.