Most Affordable Neighborhoods in Knoxville, TN
Some of the cheapest neighborhoods in Knoxville are Fort Sanders, Creekwood, and Uptown Knoxville. These neighborhoods offer some of the lowest rent prices in Knoxville, making them ideal for renters on a budget. As of November 6, 2025, the average rent in Knoxville is $1,308, which is 1.1% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Fort Sanders
Average Rent
$1,178/Month
Year-Over-Year Rent Change
4.3%
TransitScore® Rating
45/100
Units Available
177 Rentals
Nestled adjacent to the University of Tennessee, Fort Sanders offers a mix of historic architecture and budget-friendly rentals. Just a short stroll from World’s Fair Park, residents can enjoy outdoor recreation and cultural events. With its proximity to downtown, it's easy to explore Market Square's dining and entertainment options.
Creekwood
Average Rent
$1,235/Month
TransitScore® Rating
1/100
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Knoxville, Creekwood might be the perfect place! It has an average rent price of $1,235, while the city’s average stands at $1,308. Creekwood is near John Tarleton Park, Cedar Bluff Center, and Marine Park (Tennessee River).
Uptown Knoxville
Average Rent
$1,247/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
31/100
Units Available
111 Rentals
Known for its central location, Uptown Knoxville is located between I-275 and North Broadway. The neighborhood is filled with historical and affordable housing options. Uptown Knoxville provides easy access to the Knoxville Museum of Art as well as a variety of shops, parks, and breweries.
Cedar Heights
Average Rent
$1,260/Month
Units Available
15 Rentals
Cedar Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cedar Heights is $1,260 while the city average is $1,308. Residents enjoy convenient access to Merchant's Village Shopping Center, The Muse Knoxville, and Lincoln Memorial University.
Cedar Lane
Average Rent
$1,277/Month
TransitScore® Rating
24/100
Units Available
10 Rentals
When you’re looking for a great Knoxville neighborhood on a budget, check out Cedar Lane. The average rent is $1,277, compared to the city average of $1,308. Cedar Lane is convenient to John Tarleton Park, Merchant's Village Shopping Center, and McGhee Tyson. The community is car-dependent with a WalkScore® of 43.
Far View Hills
Average Rent
$1,277/Month
Units Available
19 Rentals
Far View Hills is an affordable neighborhood in Knoxville with an average rent price of $1,277. Compare this to the city average of $1,308. Far View Hills provides easy access to John Tarleton Park, Maloney Road Park, and The Shops at Forest Park.
Belmont West
Average Rent
$1,300/Month
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Knoxville, Belmont West might be the perfect place! It has an average rent price of $1,300, while the city’s average stands at $1,308. Belmont West is near Pellissippi State, Hardin, N Cedar Bluff Rd, and CVS &Advance Auto.
Dixie Meadows
Average Rent
$1,303/Month
TransitScore® Rating
28/100
Units Available
13 Rentals
Dixie Meadows is a top choice for budget-conscious renters for a variety of reasons. The average rent in Dixie Meadows is $1,303 while the city average is $1,308. Residents enjoy convenient access to UT Knoxville, Maloney Road Park, and Lincoln Memorial University. The neighborhood is considered walkable with a WalkScore® of 78.
Middlebrook Heights
Average Rent
$1,328/Month
TransitScore® Rating
27/100
Units Available
34 Rentals
When you’re looking for a great Knoxville neighborhood on a budget, check out Middlebrook Heights. The average rent is $1,328, compared to the city average of $1,308. Middlebrook Heights is convenient to Pellissippi State, Division St, McGhee Tyson, and John Tarleton Park. The community is car-dependent with a WalkScore® of 16.
Hollywood Hills
Average Rent
$1,336/Month
TransitScore® Rating
29/100
Units Available
24 Rentals
Hollywood Hills is an affordable neighborhood in Knoxville with an average rent price of $1,336. Compare this to the city average of $1,308. Hollywood Hills provides easy access to South College, McGhee Tyson, and The Shops at Forest Park. It’s a car-dependent neighborhood with a WalkScore® of 39.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.