1. Home
  2. Tennessee
  3. Knoxville
  4. Renter Market Trends

Rental market trends in Knoxville, TN

Please reach out to press@rent.com for any media inquiries regarding this data.

Average Rent in Knoxville, TN

Average Rent in Knoxville, TN

Avg. RentAnnual Change
Studio - $1,231-7%
1 Bed - $1,375+8%
2 Beds - $1,599+5%
Last updated 5/20/2024

Average Apartment Cost in Knoxville, TN

The average rent for apartments in Knoxville, TN, is between $1,231 and $1,599 in 2024. For a studio apartment in Knoxville, TN, the average rent is $1,231. When it comes to 1-bedroom apartments, the average rent in Knoxville, TN, is $1,375. For a 2-bedroom apartment, the average rent is $1,599.

Apartment Rent Ranges in Knoxville, TN

Apartment PricesProportion
0%
9%
21%
31%
38%

Neighborhood Apartment Rent Trends in Knoxville, TN

NeighborhoodStudio Avg RentAnnual Change
North Knoxville$2,109+15%
Inskip$2,109+15%
Downtown$1,377-26%
Forest Heights$1,184+1%
South Knoxville$1,149--
Old Sevier$1,149--
Fort Sanders$935+11%
Neighborhood1 Bed Avg RentAnnual Change
North Knoxville$2,201+99%
Inskip$2,201-7%
Downtown$2,066+4%
South Knoxville$1,557+27%
Bearden$1,496+10%
Beaumont$1,315--
Forest Heights$1,2990%
Fountain City$1,100-1%
West Hills$1,087+16%
Norwood$987+28%
Old Sevier$962+10%
Fort Sanders$960+1%
Lonas Drive$775--
Neighborhood2 Beds Avg RentAnnual Change
North Knoxville$2,546+93%
Inskip$2,546+9%
South Knoxville$1,892+7%
Bearden$1,822+4%
Beaumont$1,670+9%
East Knoxville$1,500--
Parkridge$1,500--
Forest Heights$1,449+4%
Old Sevier$1,399-43%
Fountain City$1,350+4%
Fort Sanders$1,300+11%
West Hills$1,275+18%
Norwood$1,095+28%
Lonas Drive$830--

How Other Cities Compare to Knoxville, TN

CityStudio Avg RentAnnual Change
Pigeon Forge$1,400--
Oak Ridge$1,025--
City1 Bed Avg RentAnnual Change
Farragut$1,661--
Alcoa$1,609+11%
Maryville$1,495+63%
Lenoir City$1,494+6%
Sevierville$1,1850%
Oak Ridge$975-2%
Pigeon Forge$834--
Clinton$770+15%
Louisville$6550%
Seymour$5300%
City2 Beds Avg RentAnnual Change
Farragut$1,967--
Alcoa$1,822--
Lenoir City$1,689+5%
Sevierville$1,4100%
Maryville$1,407+28%
Oak Ridge$1,380+8%
Pigeon Forge$998--
Clinton$912+11%
Louisville$7050%
Seymour$6150%

Knoxville, TN Rent Trends

Studio1 Bed2 Beds
May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024
$1781$1748$1249$1750$1640$1558$1549$1552$1249$1256$1211$1229$1226
$1373$1357$1357$1366$1339$1339$1337$1337$1339$1339$1332$1372$1337
$1554$1564$1584$1603$1599$1559$1539$1535$1554$1574$1599$1594$1582
$1724$1719$1714$1714$1714$1714$1734$1743$1729$1729$1729$1764$1739

Neighborhood Information for Knoxville, TN

What are the most affordable neighborhoods in Knoxville, TN?

The most affordable neighborhoods in Knoxville are Lonas Drive, where the average 1-bedroom apartment rent goes for $775, Fort Sanders, where renters pay $960 on average for a 1-bedroom apartment, and Old Sevier, where the average 1-bedroom apartment rent goes for $962. If you're looking for other great deals, check out the listings in Norwood ($987 for a 1-bedroom apartment) or West Hills ($1,087 for a 1-bedroom apartment), compared to the $1,375 average for a Knoxville 1-bedroom apartment.

What are the most expensive neighborhoods in Knoxville, TN?

The most affordable neighborhoods in Knoxville are North Knoxville, where the average 1-bedroom apartment rent goes for $2,201, Inskip, where renters pay $2,201 on average for a 1-bedroom apartment, and Downtown, where the average 1-bedroom apartment rent goes for $2,066. If you're looking for other great deals, check out the listings in South Knoxville ($1,557 for a 1-bedroom apartment) or Bearden ($1,496 for a 1-bedroom apartment), compared to the $1,375 average for a Knoxville 1-bedroom apartment.

What are the most popular neighborhoods in Knoxville, TN?

The most popular neighborhoods in Knoxville are Beaumont, where the average 1-bedroom apartment rent goes for $1,315, Inskip, where renters pay $2,201 on average for a 1-bedroom apartment, and Fort Sanders, where the average 1-bedroom apartment rent goes for $960. If you're looking for other popular neighborhoods, check out the listings in Norwood ($987 for a 1-bedroom apartment) or North Knoxville ($2,201 for a 1-bedroom apartment), compared to the $1,375 average for a Knoxville 1-bedroom apartment.

Nearby Listings

  • Farragut Junction property

    $1,499+

    Farragut Junction

    1–3 Beds • 1–2 Baths

    820–1400 Sqft

    10+ Units Available

  • Hudson on the Greenway property

    $1,289+

    Hudson on the Greenway

    1–3 Beds • 1–2 Baths

    680–1288 Sqft

    1 Unit Available

  • Copper Pointe property

    $1,259+

    Copper Pointe

    Studio–3 Beds • 1–2 Baths

    560–1260 Sqft

    4 Units Available

  • Kingston Pointe Apartments property

    $1,298+

    Kingston Pointe Apartments

    1–3 Beds • 1–2 Baths

    761–1200 Sqft

    2 Units Available

  • Aventine Northshore Apartments property

    $1,779+

    Aventine Northshore Apartments

    1–3 Beds • 1–2 Baths

    690–1375 Sqft

    5 Units Available

  • The Henley property

    $1,456+

    The Henley

    1–2 Beds • 1–2.5 Baths

    800–1330 Sqft

    4 Units Available