Cheapest Neighborhoods in Knoxville, TN
Some of the cheapest neighborhoods in Knoxville are Uptown Knoxville, Far View Hills, and Crestwood Hills. These neighborhoods offer some of the lowest rent prices in Knoxville, making them ideal for renters on a budget. As of August 5, 2026, the average rent in Knoxville is $1,371, which is 2.4% higher 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.
Uptown Knoxville
Average Rent
$1,181/Month
Year-Over-Year Rent Change
1.1%
Units Available
113 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.
Far View Hills
Average Rent
$1,263/Month
Units Available
52 Rentals
If you’re looking for a great, affordable neighborhood in Knoxville, Far View Hills might be the perfect place! It has an average rent price of $1,263, while the city’s average stands at $1,371. Far View Hills is near South College, Lincoln Memorial University, and Lakeshore Park.
Crestwood Hills
Average Rent
$1,276/Month
Units Available
10 Rentals
Crestwood Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Crestwood Hills is $1,276 while the city average is $1,371. Residents enjoy convenient access to Pellissippi State, Division St, McGhee Tyson, and Maloney Road Park.
Middlebrook Heights
Average Rent
$1,300/Month
Units Available
69 Rentals
When you’re looking for a great Knoxville neighborhood on a budget, check out Middlebrook Heights. The average rent is $1,300, compared to the city average of $1,371. Middlebrook Heights is convenient to Andes Centre, UT Knoxville, and The Shops at Forest Park.
Marble City
Average Rent
$1,312/Month
Year-Over-Year Rent Change
1.2%
Units Available
22 Rentals
Located near the Tennessee River, Marble City is home to several parks, including Third Creek Greenway Park and John Tarleton Park. Affordable apartments and 19th-century mansions line the tree-shaded streets, creating a picturesque atmosphere. Marble City is known for its fantastic dining scene, with restaurants serving everything from BBQ to Ethiopian.
Dixie Meadows
Average Rent
$1,316/Month
Units Available
14 Rentals
Dixie Meadows is an affordable neighborhood in Knoxville with an average rent price of $1,316. Compare this to the city average of $1,371.
North Knoxville
Average Rent
$1,317/Month
Year-Over-Year Rent Change
1.8%
Units Available
260 Rentals
North Knoxville's historic charm is matched by budget-friendly rental options. The neighborhood is a stone's throw from Happy Holler, known for its quirky shops and unique dining experiences. Head to Old North Knoxville and enjoy the historic mansions and shady streets. Walking trails in Sharp's Ridge Memorial Park provide scenic escapes.
South Knoxville
Average Rent
$1,337/Month
Year-Over-Year Rent Change
0.4%
Units Available
53 Rentals
If you’re looking for a great, affordable neighborhood in Knoxville, South Knoxville might be the perfect place! It has an average rent price of $1,337, while the city’s average stands at $1,371. In the last year, prices have decreased by 0.4%. South Knoxville is near Three Rivers Rambler, McGhee Tyson, and Ijams Nature Center.
Hollywood Hills
Average Rent
$1,371/Month
Units Available
33 Rentals
Hollywood Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hollywood Hills is $1,371 while the city average is $1,371. Residents enjoy convenient access to Marine Park (Tennessee River), Frank H. McClung Museum, and John Tarleton Park.
Gulfwood
Average Rent
$1,404/Month
Units Available
16 Rentals
When you’re looking for a great Knoxville neighborhood on a budget, check out Gulfwood. The average rent is $1,404, compared to the city average of $1,371.
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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.