52 Luxury Apartments for rent in Knoxville, TN

Last updated November 24 at 3:57pm UTC
414 Flats
414 Forest Park Blvd
Knoxville, TN
Updated November 24 at 2:30pm UTC
Studio
Ask
1 Bedroom
$1,009
2 Bedrooms
$1,169
875 Blue Spruce Way
Inskip
Knoxville, TN
Updated November 17 at 11:09am UTC
2 Bedrooms
$1,000
10725 Rock Arbor Way
Knoxville
Knoxville, TN
Updated November 23 at 12:19pm UTC
3 Bedrooms
$2,300
118 W Jackson Ave
Old City
Knoxville, TN
Updated November 24 at 9:59am UTC
1 Bedroom
$1,300
804 Olde Pioneer Trail #165
Knoxville
Knoxville, TN
Updated November 10 at 11:21am UTC
3 Bedrooms
$1,395
9209 Topoco Drive - PTOPO9209
Knoxville
Knoxville, TN
Updated November 18 at 11:22am UTC
5 Bedrooms
$1,500
3001 RIVER TOWNE WAY
Knoxville
Knoxville, TN
Updated November 23 at 12:16pm UTC
3 Bedrooms
$1,500
1728 Pinebrook Drive Northwest
Knoxville
Knoxville, TN
Updated November 17 at 11:09am UTC
3 Bedrooms
$1,050
4012 Sutherland Avenue
Bearden Village
Knoxville, TN
Updated November 21 at 11:55am UTC
2 Bedrooms
$1,000
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November 2017 Knoxville Rent Report

Welcome to the November 2017 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 similar cities nationwide.

View full Knoxville Rent Report
Rent Report
Knoxville

November 2017 Knoxville Rent Report

Welcome to the November 2017 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 similar cities nationwide.

Knoxville rents declined slightly over the past month

Knoxville rents have declined 0.2% over the past month, but have increased significantly by 4.1% in comparison to the same time last year. Currently, median rents in Knoxville stand at $750 for a one-bedroom apartment and $920 for a two-bedroom. Knoxville's year-over-year rent growth leads the state average of 1.9%, as well as the national average of 2.7%.

Knoxville rents more affordable than many large cities nationwide

As rents have increased significantly in Knoxville, 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 $920 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 4.1% increase in Knoxville.
  • While Knoxville's rents rose significantly over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • Renters will find more reasonable prices in Knoxville than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.