Knoxville, TN Rental Market Trends
What is the average rent in Knoxville?
The average rent for an apartment in Knoxville is $1,679. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Knoxville, TN
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,679 | 982 sq. ft. |
What is the average apartment size in Knoxville?
The average size for a Knoxville, TN apartment is 982 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.
Knoxville, TN apartment rent ranges
Knoxville, TN Occupied Housing Units
45,256 or 54% of the households in Knoxville, TN are renter-occupied while 38,939 or 46% are owner-occupied.
Knoxville, TN rent trends
Average Rent in Knoxville, TN By Neighborhood
| City | Average Rent |
|---|---|
| Hendron | $2,140 |
| Martha Washington Heights | $2,140 |
| South Knoxville | $2,140 |
| Devanshire | $1,843 |
| Harrison Springs | $1,843 |
| Short Ridge | $1,843 |
| Boxwood Hills | $1,832 |
| Choto Meadows | $1,832 |
| Farragut Heights | $1,832 |
| Keller Bend | $1,832 |
| Lovell Heights | $1,832 |
| Downtown Knoxville | $1,810 |
| Magnolia Warehouse District | $1,770 |
| Byington | $1,718 |
| Karns | $1,718 |
| Solway | $1,718 |
| Westbridge Business Park | $1,718 |
| Windcliff | $1,718 |
| East Knoxville | $1,688 |
| Cedar Bluff | $1,587 |
| Ten Mile Park | $1,587 |
| Countryards at Eagle Pointe | $1,568 |
| Bell Bridge | $1,545 |
| Cumberland Estates | $1,545 |
| Third Creek | $1,545 |
| West Knoxville | $1,483 |
| Bearden | $1,469 |
| Deane Hill | $1,469 |
| Downtown West Knoxville | $1,469 |
| Rocky Hill | $1,469 |
| Dry Gap | $1,441 |
| Fountain City | $1,441 |
| Halls | $1,441 |
| Walker Springs | $1,415 |
| Pond Gap | $1,398 |
| Hollywood Hills | $1,295 |
| Middlebrook Heights | $1,295 |
| North Mill | $1,295 |
| East Town Crossing | $1,285 |
| Whittle Springs | $1,285 |
| Callahan | $1,210 |
| Inskip | $1,210 |
| Murray | $1,210 |
| Norwood | $1,210 |
| Tillery Drive Mobile Home Park | $1,210 |
| Valley View West | $1,210 |
| Valley Vista | $1,210 |
| Carter | $1,177 |
| Knoxville Center | $1,177 |
| Buffat Heights | $1,112 |
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What are the most affordable neighborhoods in Knoxville?
The most affordable neighborhoods in Knoxville are Buffat Heights, where the average rent goes for $1,112/month, Carter, where renters pay $1,177/mo on average, and Knoxville Center, where the average rent goes for $1,177/mo. If you’re looking for other great deals, check out the listings from Callahan ($1,210), Inskip ($1,210), and Murray ($1,210), where the asking prices are below the average Knoxville rent of $1,679/mo.
What are the most expensive neighborhoods in Knoxville?
The most expensive neighborhoods in Knoxville are Hendron ($2,140), Martha Washington Heights ($2,140) and South Knoxville ($2,140).
What are the most popular neighborhoods in Knoxville?
The most popular neighborhood in Knoxville is Fountain City, where there are 2 listings with an average rent of $1,441. Next up is Downtown Knoxville, where apartments go for $1,810/month, followed by Bearden with $1,469 If you’re looking to rent in Knoxville’s most popular neighborhoods, make sure to also check out Bell Bridge, where renters pay $1,545 on average, and Boxwood Hills, where the average monthly rent is $1,832.
Knoxville | Rent Comparison by Neighborhood
Rent in Bearden is 5% lower than in Bell Bridge
$1,469
Bearden rent is 13% lower than Knoxville average
Average Rent
$1,469
$1,545
Bell Bridge rent is 8% lower than Knoxville average
Average Rent
$1,545
How Knoxville Compares to Other Cities
| State | Average Rent |
|---|---|
| Memphis | $1,082 |
| Nashville | $1,761 |
| Knoxville | $1,679 |
| Shelbyville | $1,028 |
| Chattanooga | $1,396 |
| Johnson City | $1,364 |
What is the average price for a storage unit in Knoxville?
The average rent for a non-climate-controlled 10'x10' storage unit in Knoxville is $101.89. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.