73 Luxury Apartments for rent in Knoxville, TN

Last updated July 19 at 12:03am UTC
11104 Concord Woods Dr.
Knoxville
Knoxville, TN
Updated July 18 at 10:20am UTC
4 Bedrooms
$1,750
6700 STONE MILL DR
Bearden
Knoxville, TN
Updated July 18 at 10:20am UTC
3 Bedrooms
$2,800
10708 Gallerani Drive
Knoxville
Knoxville, TN
Updated July 18 at 10:19am UTC
4 Bedrooms
$1,950
4849 Chambliss Avenue
Bearden Village
Knoxville, TN
Updated July 18 at 10:18am UTC
3 Bedrooms
$1,350
2308 Robinson Ridge Court
Knoxville
Knoxville, TN
Updated July 18 at 10:14am UTC
3 Bedrooms
$1,300
309 Amesbury Road
Knoxville
Knoxville, TN
Updated July 18 at 10:14am UTC
4 Bedrooms
$1,800
3001 RIVER TOWNE WAY
Knoxville
Knoxville, TN
Updated July 18 at 10:13am UTC
3 Bedrooms
$1,650
1312 Judy Reagan Lane
Knoxville
Knoxville, TN
Updated July 18 at 10:12am UTC
3 Bedrooms
$1,800
1501 Clinch Ave
Fort Sanders
Knoxville, TN
Updated July 18 at 5:36pm UTC
2 Bedrooms
$1,050
118 W Jackson Ave
Old City
Knoxville, TN
Updated July 18 at 9:15am UTC
2 Bedrooms
$2,064
9917 Donovan Ln
Knoxville
Knoxville, TN
Updated July 18 at 1:15am UTC
3 Bedrooms
$1,200

July 2018 Knoxville Rent Report

Welcome to the July 2018 Knoxville Rent Report. Knoxville rents increased 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

July 2018 Knoxville Rent Report

Welcome to the July 2018 Knoxville Rent Report. Knoxville rents increased 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 increased moderately over the past month

Knoxville rents have increased 0.3% over the past month, and have increased significantly by 4.3% 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. This is the eighth straight month that the city has seen rent increases after a decline in October of last year. Knoxville's year-over-year rent growth leads the state and national averages, which both stand at 1.4%.

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 $1,300; 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 (+4.4%).
  • Hendersonville, Knoxville, and Murfreesboro have all experienced year-over-year growth above the state average (4.4%, 4.3%, and 3.5%, respectively).

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 $950 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 4.3% increase in Knoxville.
  • While Knoxville's rents rose significantly over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and Minneapolis (-0.1%).
  • 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.