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Average Rent in Knoxville, TN

Home  »  TN  »  Knoxville

Current Versus Historical Knoxville, TN Rents

Knoxville rentals average $933 for a studio rental to $3,950 for a 4-bedroom rental. The median price of all currently available listings is $1,663, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $50 (6.17%) year-over-year from $810 to $860. 1-bedroom rentals prices have increased by $7 (0.66%) year-over-year from $1,068 to $1,075. 2-bedroom rentals prices have increased by $418 (30.20%) year-over-year from $1,383 to $1,800. 3-bedroom rentals prices have decreased by $158 (-7.42%) year-over-year from $2,133 to $1,975. 4-bedroom rentals prices have decreased by $332 (-12.60%) year-over-year from $2,632 to $2,300. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 4.23% this month. 2-bedroom rents have gone up by 12.03% this month. 3-bedroom rents have gone down by 3.66% this month. 4-bedroom rents have gone down by 13.75% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.99 $860 $810 (6.17%) $653 (31.80%)
1 BR $1.81 $1,075 $1,068 (0.66%) $814 (32.09%)
2 BR $1.52 $1,800 $1,383 (30.20%) $1,105 (62.87%)
3 BR $1.46 $1,975 $2,133 (-7.42%) $1,475 (33.90%)
4+ BR $1.27 $2,300 $2,632 (-12.60%) $3,058 (-24.80%)

Historical Rents in Knoxville, TN

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Knoxville



Let's compare Knoxville, TN's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near Knoxville



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Knoxville

The average rent for rentals in these counties is $1,700. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Blount, TN. It's average rent per month is $1,600. Vice versa, with an average rent of $1,800, Knox, TN is the most expensive county by Knoxville, TN.

Typically, rent for studios in Knoxville, TN is 14.75% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Knoxville, TN is 7.76% more expensive than other counties nearby. Finally, rent for two bedrooms in Knoxville, TN is 4.92% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Blount, TN $1,200 $1,050 $1,400 $1,600
Knox, TN $940 $1,256 $1,595 $1,800

Top Zipcodes Near Knoxville



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - Knoxville Average Rents

What is the average rent price in Knoxville, TN?
The average monthly rental price for Knoxville, TN apartments for rent is approximately $1,663. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Knoxville, TN rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Knoxville, TN.
How much is a studio apartment in Knoxville, TN?
The average monthly rental price for studio apartments is $933 and an average price per square feet of $2.99. There are a total of 2 studio apartment listings currently available for rent in Knoxville.
How much is a one bedroom apartment in Knoxville, TN?
The average monthly rental price for one bedroom apartments is $1,250 and an average price per square feet of $1.81. There are a total of 27 one bedroom apartment listings currently available for rent in Knoxville.
How much is a two bedroom apartment in Knoxville, TN?
The average monthly rental price for two bedroom apartments is $1,575 and an average price per square feet of $1.52. There are a total of 45 two bedroom apartment listings currently available for rent in Knoxville.
How have rent prices in Knoxville, TN changed this year?
Rent prices for rentals in Knoxville, TN can fluctuate yearly. Specifically, studio rental prices have changed by 0.06%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.30%, and three bedroom rental prices have changed by -0.07% year-over-year.
What is a reasonable rent price in Knoxville, TN?
A reasonable rent price in Knoxville, TN is around $1,330/month. You can search for these reasonably priced rental listings on RentHop.
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