How many apartments are available in Downtown Knoxville on Rentable.co?

Rentable.co has over 63 apartments available near Downtown Knoxville.

What is the average rent for a studio apartment in Downtown Knoxville?

The average rent for a studio apartment near Downtown Knoxville is around $925 per month.

What is the average rent for a one-bedroom apartment in Downtown Knoxville?

The average rent for a one-bedroom apartment near Downtown Knoxville is around $1,532 per month.

What is the average rent for a two-bedroom apartment in Downtown Knoxville?

The average rent for a two-bedroom apartment near Downtown Knoxville is around $1,650 per month.

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

Rentable.co has over 10,151 apartments available in Knoxville.

What is the average rent for a studio apartment in Knoxville, TN?

The average rent for a <a href='/knoxville-tn/studio-apartments-for-rent' >studio apartment</a> in Knoxville is around $1,000 per month.

What is the average rent for a one-bedroom apartment in Knoxville, TN?

The average rent for a <a href='/knoxville-tn/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Knoxville is around $1,310 per month.

What is the average rent for a two-bedroom apartment in Knoxville, TN?

The average rent for a <a href='/knoxville-tn/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Knoxville is around $1,550 per month.

How expensive is it to rent an apartment in Knoxville, TN?

For a two-bedroom apartment in Knoxville, the average rent price is $1,550 per month, which is similar to the national average of $1,620 per month.

Can I afford an apartment for rent in Knoxville, TN?

Based on average rent prices in Knoxville, to afford a <a href='/knoxville-tn/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $40,000 to live comfortably.

Apartments in Downtown Knoxville

Knoxville:
May Rent Report

Welcome to the May 2024 Knoxville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Knoxville rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Knoxville and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Knoxville average rent prices in the chart below.

Monthly Rent Report

$1,550

$1,160

$780

$390

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Knoxville Rent Prices Increase From April to May

Knoxville rent prices increased over the last month. From April to May, the city experienced a 1.12% increase for the price of a one-bedroom apartment. The rent price for a Knoxville one-bedroom apartments currently stands at $1,265.0.

When we take a look at the two-bedroom comparison from April to May, Knoxville experienced a 2.04% increase for the price of a two-bedroom apartment. The rent price for a Knoxville two-bedroom apartments currently stands at $1,454.0.

May Prices: Knoxville vs. Surrounding Areas

Sevierville, TN

Knoxville, TN

Oak Ridge, TN

Pigeon Forge, TN

Maryville, TN

$1,301

$1,251

$1,244

$1,175

$997

$450

$900

$1,350

$1,800

Median 1 BR Rent

Rent Prices in Knoxville and Surrounding Areas

Rent prices have increased in Knoxville over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Knoxville suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Maryville, TN, Oak Ridge, TN, Sevierville, TN .
Rent decreased in Pigeon Forge, TN.
1 suburb is currently priced higher than the city of Knoxville.
3 suburbs are currently priced lower than the city of Knoxville.

May 2024 Pricing Trends: Knoxville vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Knoxville, TN

Pittsburgh, PA

$4,056

$3,039

$2,377

$2,336

$1,913

$1,300

$1,283

$1,251

$1,178

$1,350

$2,700

$4,050

$5,400

Median Rent

Knoxville Rent Prices More Affordable Than Major Cities

Rent growth in Knoxville over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Knoxville average rent prices appear to be relatively affordable for local residents.

The price for a Knoxville one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Knoxville and surrounding area rent prices, take a look at the complete data set below.

Data set for Knoxville and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change
Knoxville, TN	$1,251.0	1.05%	$1,425.0	1.79%
Maryville, TN	$997.0	0.10%	$1,308.0	-2.97%
Oak Ridge, TN	$1,244.0	0.49%	$1,350.0	2.04%
Sevierville, TN	$1,301.0	13.23%	$1,558.0	13.15%
Pigeon Forge, TN	$1,175.0	-2.08%	$1,177.0	-9.39%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.