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23 Apartments under 700 for rent in Knoxville, TN

Last updated December 16 at 8:25am UTC
1309 W 4th Ave
Mechanicsville
Knoxville, TN
Updated December 16 at 8:25am UTC
1 Bedroom
$625
131 Holston Court
Knoxville
Knoxville, TN
Updated December 16 at 7:55am UTC
2 Bedrooms
$600
1700 W Clinch #419
Fort Sanders
Knoxville, TN
Updated December 15 at 10:22am UTC
Studio
$620
510 14th St #505
Fort Sanders
Knoxville, TN
Updated December 15 at 10:21am UTC
1 Bedroom
$680
2728 Davenport Road - 10
South Knoxville
Knoxville, TN
Updated December 16 at 7:13am UTC
1 Bedroom
$600
406 Watuaga Drive - 3
Fountain City
Knoxville, TN
Updated December 16 at 7:13am UTC
1 Bedroom
$595
2037 Saxton Ave
Morningside
Knoxville, TN
Updated December 12 at 7:38pm UTC
2 Bedrooms
$695
1901 E. 5th Ave - 2
Knoxville
Knoxville, TN
Updated December 16 at 7:13am UTC
2 Bedrooms
$650
2718 Kingston Pike
Marble City
Knoxville, TN
Updated November 15 at 12:05pm UTC
1 Bedroom
$580
2718 Painter Ave C110
Knoxville
Knoxville, TN
Updated November 15 at 11:53am UTC
2 Bedrooms
$650
510 14th St #404
Fort Sanders
Knoxville, TN
Updated November 15 at 11:52am UTC
1 Bedroom
$699
510 14th St #407
Fort Sanders
Knoxville, TN
Updated November 15 at 11:50am UTC
1 Bedroom
$650
510 14th St #401
Fort Sanders
Knoxville, TN
Updated November 15 at 11:50am UTC
1 Bedroom
$640
4326 Edington Rd
Vestal
Knox County, TN
Updated December 16 at 7:48am UTC
2 Bedrooms
$699
153 S. Magnolia St.
Maryville
Maryville, TN
Updated November 15 at 11:54am UTC
1 Bedroom
$550
Results within 1 miles of Knoxville, TN
5909 Medlin Heights Road, Unit B
Fountain City
Knoxville, TN
Updated December 12 at 7:37pm UTC
1 Bedroom
$560
Results within 10 miles of Knoxville, TN
1116 Ferd Hickey Rd #5
West Hills
Knoxville, TN
Updated November 22 at 11:22am UTC
2 Bedrooms
$695

December 2018 Knoxville Rent Report

Welcome to the December 2018 Knoxville Rent Report. Knoxville rents declined over the past month. In this report, we'll evaluate trends in the Knoxville rental market, including comparisons to cities throughout the state and nation.

View full Knoxville Rent Report
Rent Report
Knoxville

December 2018 Knoxville Rent Report

Welcome to the December 2018 Knoxville Rent Report. Knoxville rents declined over the past month. In this report, we'll evaluate trends in the Knoxville rental market, including comparisons to cities throughout the state and nation.

Knoxville rents declined over the past month

Knoxville rents have declined 0.1% over the past month, but have increased moderately by 3.3% in comparison to the same time last year. Currently, median rents in Knoxville stand at $780 for a one-bedroom apartment and $950 for a two-bedroom. Knoxville's year-over-year rent growth leads the state average of 1.4%, as well as the national average of 1.3%.

Rents rising across cities in Tennessee

Throughout the past year, rent increases have been occurring not just in the city of Knoxville, but across the entire state. Of the largest 10 cities that we have data for in Tennessee, all of them have seen prices rise. The state as a whole logged rent growth of 1.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Franklin is the most expensive of all Tennessee's major cities, with a median two-bedroom rent of $1,310; of the 10 largest Tennessee cities that we have data for, all have seen rents rise year-over-year, with Smyrna experiencing the fastest growth (+5.4%).
  • Knoxville, Franklin, and Murfreesboro have all experienced year-over-year growth above the state average (3.3%, 3.1%, and 3.0%, respectively).

Knoxville rents more affordable than many large cities nationwide

As rents have increased moderately in Knoxville, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Knoxville is still more affordable than most large cities across the country.

  • Knoxville's median two-bedroom rent of $950 is below the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 3.3% increase in Knoxville.
  • While Knoxville's rents rose moderately over the past year, the city of Seattle saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Knoxville than most large cities. For example, San Francisco has a median 2BR rent of $3,100, which is more than three times the price in Knoxville.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.