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Average Rent in Knoxville, TN

5 apartment buildings, 59 units. Daily asking prices with rent history for every building.

Avg Rent

$1,562/mo

median $1,467

-2.6% vs last month

Cheapest

$879/mo

Villas Knoxville

Properties

5

tracked daily

Units

59

available now

Knoxville, TN Resident Access

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Analysis

Rent Price Breakdown

Compare pricing across all 5 properties in Knoxville, TN.

Timeframe

Average rent trend, last month

All bedroom types, citywide. Choose a window above to scope the view.

$1,621
Average rent today
Average rent trend in Knoxville, TN $1,550$1,600$1,650$1,700 Jul 9Jul 16Jul 23Jul 30

Full Knoxville, TN price history

Average Rent by Property

Starting Price vs Average

Rent by Bedroom Count

Price per Square Foot

Knoxville, TN Rent Prices

All 5 properties ranked by lowest available rent.

Rent & Price History by Building

By Area

Knoxville, TN neighborhoods

Tracked buildings across 2 named neighborhoods. Pick one to see its apartments.

Knoxville, TN Average Rent Prices 2026

The average rent in Knoxville, TN is $1,562 per month, based on 59 units across 5 apartment communities. Prices range from $879 at Villas Knoxville to $2,800 at Terminus Real Estate.

Average Rent by Bedroom Type

Type Avg Rent Starting From Units
Studio $1,352/mo $879/mo 18
1 Bed $1,651/mo $1,555/mo 9
2 Bed $1,966/mo $1,425/mo 13
3 Bed $2,675/mo $2,675/mo 2
4 Bed $1,291/mo $1,179/mo 14
5 Bed $1,339/mo $1,199/mo 3

Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.

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Market Context

Who rents in Knoxville, TN, and what they pay

Tracked one-bedroom rent in Knoxville, TN averages $1,651/mo, with two-bedroom units averaging $1,966/mo. At the local median household income of $50,994, that works out to 37% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.

The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Knoxville, TN at $1,116/mo. The current tracked market average runs 40% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Knoxville, TN while the tracked market average covers units currently listed in larger apartment communities.

Who employs renters in Knoxville

Demand in the Knoxville rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:

  • Oak Ridge National Laboratory
  • University of Tennessee
  • Covenant Health

Mean one-way commute in Knoxville, TN is 20 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.

What salary do I need to live comfortably in Knoxville, TN?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$62,000/year

Based on the 30 percent rule, using our tracked average rent of $1,562/mo.

Comfortable income

$75,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($879/mo), you need to earn at least $35,000/year.

Median household income in Knoxville, TN is $50,994 , about 32% below the comfortable-living threshold.

Cost of living in Knoxville, TN

Overall prices in Knoxville, TN runs below the national average by about 8% (BEA Regional Price Parity index 92.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Knoxville, TN's regional price parities.

Category Monthly estimate
Rent (market average) $1,562
Utilities $338
Groceries $509
Transportation $805
Healthcare $393
Other goods and services $628
Estimated total $4,235/mo

Population

193,721

Median household income

$50,994

Census median rent

$1,116/mo

Rent as % of income

31.9%

Median age

33.3

Mean commute

20 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

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Nearby cities in Tennessee

How Knoxville, TN rent compares to other markets in the state.

City Avg Rent vs Knoxville, TN 30-Day Change Properties
Nashville, TN $2,259 +45% -2.4% 61
Johnson City, TN $1,521 -3% +2.9% 20
Franklin, TN $2,147 +37% +2% 14
Smyrna, TN $1,641 +5% +0.8% 14
Spring Hill, TN $1,656 +6% -0.5% 14
Memphis, TN $1,418 -9% -1.9% 13

Frequently asked questions

What is the average rent in Knoxville, TN?

The average rent in Knoxville, TN is $1,562 per month, based on 59 units across 5 apartment buildings tracked by Average Rent. Prices are refreshed daily.

What is the median rent in Knoxville, TN?

The median asking rent in Knoxville, TN is $1,467 per month, computed from 59 live listed units and refreshed daily. The average is $1,562/mo; the median resists skew from luxury listings.

What is the cheapest apartment rent in Knoxville, TN?

The lowest available rent in Knoxville, TN starts at $879 per month. Availability changes daily and prices are refreshed each morning.

How much is a 1-bedroom apartment in Knoxville, TN?

1-bedroom apartments in Knoxville, TN average $1,651/mo. The lowest listed 1-bedroom starts at $1,555/mo across 9 units tracked.

How much is a 2-bedroom apartment in Knoxville, TN?

2-bedroom apartments in Knoxville, TN average $1,966/mo. Units start from $1,425/mo across 13 units currently listed.

Rent Trends in Knoxville, TN

Track how apartment prices are changing over time.

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