Last updated
Average Rent in Downtown & Rent Trends
Rent prices and market trends across 1 apartment community in Downtown, Knoxville TN. Updated daily.
Market Average
$2,600/mo
Lowest Available
$2,600/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
1
available now
Downtown vs Knoxville TN Average
Downtown is more expensive the Knoxville TN average by $853/mo (49%). The citywide average is $1,747/mo across all neighborhoods.
Is Rent Going Up or Down in Downtown?
As of May 2026, the average rent in Downtown is $2,600 per month across 1 apartment community and 1 available units.
The most affordable option is University Real Estate & Property Management, LLC starting at $2,600/mo. By unit type, a 2-bedroom averages $2,600/mo.
Prices range from $2,600 to $2,600 per month.
Downtown Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Rent by Bedroom Type in Downtown
Rent Prices by Apartment in Downtown
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| University Real Estate & Property Management, LLC | $2,600/mo | $2,600/mo | 1 | 3.2 |
Google Search Trends for Downtown Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Downtown
What is the average rent in Downtown?
Is rent going up or down in Downtown?
What is the cheapest apartment in Downtown?
How many apartments are available in Downtown?
What salary do I need to live comfortably in Downtown?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$104,000/year
30 percent rule -- using our average rent of $2,600/mo.
Comfortable income
$125,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
Median household income in Downtown is $50,994 , about 59% below the comfortable-living threshold.
Cost of living in Downtown
Overall prices in Downtown 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 Downtown's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,600 |
| Utilities | $338 |
| Groceries | $509 |
| Transportation | $805 |
| Healthcare | $393 |
| Other goods and services | $628 |
| Estimated total | $5,273/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.
Explore Downtown Apartments
Browse all 1 communities with daily-updated pricing and availability.