Best Affordable Neighborhoods in Knoxville, TN
Some of the cheapest neighborhoods in Knoxville are Belmont West, Cedar Heights, and Middlebrook Heights. These neighborhoods offer some of the lowest rent prices in Knoxville, making them ideal for renters on a budget. As of March 22, 2026, the average rent in Knoxville is $1,312, which is 2.3% 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.
Belmont West
Average Rent
$1,137/Month
Units Available
14 Rentals
Belmont West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Belmont West is $1,137 while the city average is $1,312. Residents enjoy convenient access to Marine Park (Tennessee River), South College, and John Tarleton Park.
Cedar Heights
Average Rent
$1,169/Month
Units Available
14 Rentals
When you’re looking for a great Knoxville neighborhood on a budget, check out Cedar Heights. The average rent is $1,169, compared to the city average of $1,312. Cedar Heights is convenient to Lincoln Memorial University, South College, and 710 Merchant Dr Shopping Center.
Middlebrook Heights
Average Rent
$1,288/Month
Units Available
22 Rentals
Middlebrook Heights is an affordable neighborhood in Knoxville with an average rent price of $1,288. Compare this to the city average of $1,312. Middlebrook Heights provides easy access to UT Knoxville, Northwest Plaza, and Three Rivers Rambler.
Fort Sanders
Average Rent
$1,317/Month
Year-Over-Year Rent Change
9.5%
Units Available
90 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.
Uptown Knoxville
Average Rent
$1,322/Month
Year-Over-Year Rent Change
4.3%
Units Available
122 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.
Creekwood
Average Rent
$1,324/Month
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 $1,324, while the city’s average stands at $1,312. Creekwood is near LMU - Cedar Bluff, John Tarleton Park, and Lakeshore Park.
Hollywood Hills
Average Rent
$1,326/Month
Units Available
11 Rentals
Hollywood Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hollywood Hills is $1,326 while the city average is $1,312. Residents enjoy convenient access to The Shops at Forest Park, South College, and John Tarleton Park.
The Heights of Knoxville
Average Rent
$1,377/Month
Units Available
10 Rentals
When you’re looking for a great Knoxville neighborhood on a budget, check out The Heights of Knoxville. The average rent is $1,377, compared to the city average of $1,312. The Heights of Knoxville is convenient to Three Rivers Rambler, Chapman Commons Shopping Center, and Pellissippi State, Division St.
Lenland
Average Rent
$1,377/Month
Units Available
10 Rentals
Lenland is an affordable neighborhood in Knoxville with an average rent price of $1,377. Compare this to the city average of $1,312. Lenland provides easy access to Mead's Quarry Park, Parkway Shopping Center, and Knoxville Botanical Garden & Arboretum.
Cedar Bluff
Average Rent
$1,440/Month
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Knoxville, Cedar Bluff might be the perfect place! It has an average rent price of $1,440, while the city’s average stands at $1,312. Cedar Bluff is near Cedar Springs, John Tarleton Park, and McGhee Tyson.
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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.