Home / Knoxville / Knoxville Downtown Living, Just Steps From Market Square!! Historic Daylight Building - Studio Unit For Rent, Available Spring 2026
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Updated 28 minutes ago

Knoxville Downtown Living, Just Steps From Market Square!!...


505 Union St Knoxville, TN

Studio
1 Bath

549 Sq. Ft.

Available starting Apr. 1st
Studio • 1 Bath
$1,475
549 ft2
1 Available
Managed By: University Real Estate & Property Management, Llc
-
$1,475
Available Apr 1st, 2026
View
1 Bed • 1 Bath
$2,850
584 ft2
0 Available
Managed By: avail
$2,850 - 1 Bedroom 1 Bathroom Loft Style Condo In Downtown Knoxville
$2,850
Rented
View
1 Bed • 1 Bath
$1,850
597 ft2
0 Available
Managed By: avail
Rare Downtown End-Unit Condo w/ Garage Parking + Oversized Windows
$1,850
Rented
View
Where you'll live
Street View
Map View
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Property details
Description

This unique studio is a MUST SEE! The Daylight Building is conveniently situated among the eclectic shops and popular restaurants of Union Avenue, just one block from picturesque Market Square, and within walking distance to the UT campus, World's Fair Park, bustling Old City and Gay Street. This charming studio residence features expansive windows, soaring ceilings, tasteful fixtures and beautiful hardwood floors. This studio residence has been thoughtfully designed to include:
Updated appliances
Murphy Bed (mattress not included)
Drapes
Water
Washer/Dryer Hookups
Tenant responsible for Cable/Internet and electric.
Comes unfurnished except for the Murphy Bed (Mattress NOT included)
No pets.
This property is non-smoking.
Please note: HOA does not permit short-term rentals/AirBnB.
Public parking is available at metered spaces around the building and in numerous garages nearby. The Locust Street Garage is directly across the street and the Langley Garage is directly behind the building. Parking on nights and weekends is generally free in city-owned garages, and Downtown residents are currently offered a reduced parking rate in city-owned garages (approx. $38-45/month); subject to availability.
Contract University Real Estate at 865-673-6600 ext 102 for leasing.

Additional Details
Total Unit Count: 1
Last Updated: Updated 28 minutes ago
Contact Number: (865) 673-6600
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
ViaSat, Inc. 100.0 3.0
AT&T Inc. 25.0 5.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 18.0 0.768
AT&T Inc. 6.0 0.512
Data from June 2020 provided by the FCC
Photos Floor Plans
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Knoxville Downtown Living, Just Steps From Market Square!! Historic Daylight Building - Studio Unit For Rent, Available Spring 2026 by bedroom type below.
Studio
Suggested income:
$53,100
per year
Rent report

Knoxville Downtown Living, Just Steps From Market Square!! Historic Daylight Building - Studio Unit For Rent, Available Spring 2026 Rent vs. Knoxville Average

 Knoxville Downtown Living, Just Steps From Market Square!! Historic Daylight Building - Studio Unit For Rent, Available Spring 2026      Knoxville Average
Studio
$1,475
$979
$0
$500
$1,000
$1,500
$2,000

Knoxville Downtown Living, Just Steps From Market Square!! Historic Daylight Building - Studio Unit For Rent, Available Spring 2026 is asking 51% more than the average studio apartment in Knoxville.

If you upsized to an average priced Knoxville 1 bedroom apartment, you would pay 18% more per month.

Knoxville Downtown Living, Just Steps From Market Square!! Historic Daylight Building - Studio Unit For Rent, Available Spring 2026 provides 43% more square footage than the average Knoxville studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Knoxville Downtown Living, Just Steps From Market Square!! Historic Daylight Building - Studio Unit For Rent, Available Spring 2026
Studio $1,475 $2.70 $4,425
Knoxville Average
Studio $979 $2.60 $2,937
1BR $1,188 $1.70 $3,565
2BR $1,446 $1.50 $4,338
3BR $1,915 $1.50 $5,746
4BR $1,630 $1.40 $4,889

Availability in Knoxville

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 593 2BR units on the market in Knoxville. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
3% 28% 40% 20% 8%
Available Units in Knoxville
Studio 45
1BR 420
2BR 593
3BR 297
4BR 115
Location
Nearby College
Campus Buildings and Attractions
Distance Walking Biking Driving
Ayres Hall 0.8 mi 15 min 7 min 3 min
Student Union 0.9 mi 19 min 9 min 3 min
Neyland Stadium 1.1 mi 21 min 7 min 4 min
Hodges Library 1.1 mi 20 min 7 min 3 min
Recreation Center (TRECS) 1.6 mi 32 min 11 min 5 min
Nearby Hospitals
Name Distance
Select Specialty Hospital Knoxville 1.04 mi.
Fort Sanders Regional Medical Center 1.07 mi.
East Tennessee Children's Hospital 1.12 mi.
Nearby Fire Stations
Name Distance
City Of Knoxville Fire Department 0.74 mi.
Rural Metro Fire Department 0.74 mi.
City Of Alcoa Fire Department 6.71 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on April 01, 2026.
What's the square footage of the available units?
It's 549 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are studio units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Knoxville Downtown Living, Just Steps From Market Square!! Historic Daylight Building - Studio Unit For Rent, Available Spring 2026 has a studio unit starting at $1,475.
Where is this property located?
This property is at 505 Union St in Knoxville, TN. It's 0.3 miles north from the center of Knoxville.
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