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Apartments Under $500 in Knoxville, TN

1 - 4 of 4 Results
49
$ Ask - 2,475
Highland Terrace Communities
1319 Highland Ave Knoxville, TN
3 BR | Aug. 7, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Pool
Fort Sanders
22
$495
PER
ROOM
University Park
301 Lippencott St. Knoxville, TN
4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
6
$500
PER
ROOM
The Commons On Bridge
3.3
1105 Bridge Avenue Knoxville, TN
3 BR | Available Now
Contact
Student
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Dishwasher
8
$249
6515 Clinton Hwy
Knoxville, TN
Studio | Ask for Availability
Contact
1 - 4 of 4 Results
  1. Home
  2. Knoxville
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Knoxville, TN on Rentable.co?

There are 4 apartments under $500 in Knoxville currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Knoxville?

Rentable.co has 9 studio apartments under $500 available for rent in Knoxville.

How many one-bedroom apartments under $500 are available in Knoxville?

Rentable.co has 12 one-bedroom apartments under $500 available for rent in Knoxville.

How many two-bedroom apartments under $500 are available in Knoxville?

Rentable.co has 31 two-bedroom apartments under $500 available for rent in Knoxville.

Can I afford a apartment under $500 in Knoxville, TN?

To comfortably afford a apartment under $500 in Knoxville based on average rent prices, a household would need an annual income of $10,000.

Which neighborhoods have the most apartments under $500 for rent in Knoxville, TN?

  1. Old North Knoxville
  2. Fort Sanders

Apartments Under $500 in Knoxville, TN: February Rental Information

Welcome to the February 2026 Knoxville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2026 key findings and figures for the Knoxville rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Knoxville and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Knoxville.

Stay tuned for a comprehensive overview of the rental market in Knoxville and make an informed decision when searching for your next apartment under $500.
0 22 45 67 90 <$900 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480 $1,520 $1,560 >$1,600

Available Apartments Under $500: Knoxville vs. Surrounding Areas

Knoxville, TN
10
In the chart above, you can find the number of available apartments under $500 in Knoxville, TN and the surrounding cities as of February 2026. The cities included in this chart are Farragut, Gatlinburg, Maryville, Oak Ridge, Oliver Springs, Sevierville, Clinton, Andersonville, Corryton, Greenback, Lenior City, Loudon, Louisville, Powell, Seymour, Walland, Alcoa, Pigeon Forge, Blaine, Friendsville, College Station, and Rockford. Currently, there are a total of 14 apartments in the Knoxville, TN metro area that fall within this price range. This information can help you in your search for an affordable apartment in Knoxville and the neighboring cities.

Apartments Under $500 Now vs. Last Month: Knoxville and Surrounding Areas

City Apartments Under $500 in February M/M % Change
Knoxville, TN 11 +1.0%
Farragut, TN 2 +0.91%

Looking for Apartments Under $500 in Knoxville?

Available apartments under $500 102
Top amenities Dishwasher, Refrigerator, Range / Oven, Online Payments, Off Street Parking
Deals 2
Pet friendly 15
Utilities included 4
Furnished 1
1 Bedroom 10
2 Bedroom 20
3 Bedroom 6
Square footage 89 - 1,484
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