Knoxville renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Knoxville is about $1,057 per month. This puts it in the 85th percentile compared to the state average cost of rent, which is $1,116. Households in Knoxville have a median income of $4,985 per month so the average renter in Knoxville is spending roughly 21% of their earnings on housing.
Nationally, and in Knoxville, home values are the data point most closely correlated with the cost of rent. The median price of a home in Knoxville is $253,856 right now, which is higher than cities nearby, meaning that rents in Knoxville also tend to be higher versus these nearby cities.
Higher rent prices are common in the central parts of Knoxville while lower rent rates are often available in northwestern areas.
Nearby Cities
- Knoxville, TN: comparable rent prices
- Powell, TN: more expensive rent prices
- Edgemoor, TN: less expensive rent prices
- Louisville, TN: less expensive rent prices
- Rockford, TN: less expensive rent prices
- Heiskell, TN: less expensive rent prices
- Alcoa, TN: less expensive rent prices
- Clinton, TN: less expensive rent prices
- Farragut, TN: more expensive rent prices
- Corryton, TN: more expensive rent prices
Cities with Similar Populations
- Arlington, TX: more expensive rent prices
- New Orleans, LA: more expensive rent prices
- Tulsa, OK: more expensive rent prices
- Cleveland, OH: more expensive rent prices
- Oakland, CA: more expensive rent prices
- Wichita, KS: more expensive rent prices
- St. Louis, MO: more expensive rent prices
- Aurora, CO: more expensive rent prices
- Minneapolis, MN: more expensive rent prices
- Riverside, CA: more expensive rent prices
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