What's The Average Rent In Knoxville, TN - 2025

Understanding Knoxville's Rental Market

Knoxville's rental market is diverse, offering a range of housing options that cater to varying budgets and preferences. Apartments in Knoxville are popular, with typical rents between $1,100 and $1,944 for 2025. This variety makes it accessible for many looking for different sizes and styles of housing.

When examining the rental data, the average rent for November 2025 across bedrooms and property types is approximately $1,795, reflecting a $215 decrease from the previous year. This year-over-year change indicates shrinking demand and possible economic shifts within the city.

One-bedroom apartments in Knoxville average about $1,249, while renters might find a two-bedroom averaging around $1,578. This pricing makes Knoxville relatively affordable compared to national averages.

For those interested in renting houses, prices vary significantly. In Knoxville, house rentals can range from $180 to over $10,720, offering flexibility for different financial situations. This wide range allows both budget-conscious renters and those seeking luxury accommodations to find suitable options. The average home costs $1,795.

For a detailed look at rent trends and how Knoxville compares to nearby cities, one could explore the data provided by Zillow’s market trends for Knoxville. This resource offers insights into how Knoxville's rental prices align with national and regional trends.

These details highlight the dynamic and adaptable nature of Knoxville's rental market. Renters can find a mix of affordability and variety that matches their unique housing needs.

Overview of Average Rent in Knoxville, TN

The rental market in Knoxville, TN, offers diverse options for renters.

Apartment Types

For those seeking a studio apartment, renters can expect to pay around $1,100 per month. A 1-bedroom apartment averages $1,249 monthly, ideal for singles or couples. For more space, a 2-bedroom apartment costs about $1,578 on average. Houses tend to be more expensive, averaging closer to $3,000 per month.

Popular Neighborhoods

In terms of neighborhoods, Downtown Knoxville is a popular choice with an average rent of $1,902. Fort Sanders and Old Sevier are other favored spots, averaging $3,126 and $2,221 monthly, respectively. To explore more neighborhood-specific rent prices, check out average rent in Knoxville and rent prices by neighborhood.

Rent Trends

Rents in Knoxville have seen some significant declines over the last year. For instance, the median rent decreased by $215 from November 2024 to 2025.

Analyzing Bedroom Count Impact on Rent in Knoxville

The number of bedrooms impacts rental prices significantly. In Knoxville, a studio apartment often costs less than a one-bedroom unit. Studios in Knoxville may average around $1,100 per month.

For a 1-bedroom apartment, renters generally see higher costs. A 2-bedroom apartment bumps the cost further up, limiting options for budget-conscious renters.

These prices can vary depending on location and property types. Some areas in Knoxville, such as Downtown Knoxville, have higher demand which raises rent prices.

Meanwhile, houses in the city can be more expensive, with average monthly costs around $3,000. The Bradley neighborhood is an example of such locations.

When reviewing the local market, people should compare prices and amenities offered by different bedroom counts and property types. This helps renters find a place that best suits their needs and budget.

For more detailed insights on rental trends, visit Zumper's page on rent price trends in Knoxville.

Current Rental Trends and Statistics in Knoxville

Popular neighborhoods such as Downtown Knoxville have an average rent of around $1,902, while areas like Fort Sanders present higher costs at $3,126 monthly. You can find more neighborhood rent data in detailed analyses on Zillow's market trends page for Knoxville.

The rental market is also shaped by broader factors, including the findings of the Census Bureau, which help inform local rental real estate data. These statistics play a crucial role in understanding how Knoxville's rental landscape compares with other regions in the United States.

To get an insider's look at neighborhood variations and further explore rent trends, visit the RentCafe Knoxville overview.

Affordable Neighborhoods in Knoxville

Knoxville offers several neighborhoods known for their affordability. Inskip is one such area where the average rent for a one-bedroom apartment is around $950. This location offers a balance between cost and accessibility, making it a popular choice for budget-conscious renters seeking convenience.

South Knoxville offers a similar appeal with one-bedroom apartments averaging $980. It provides easy access to outdoor activities like hiking and biking along the Tennessee River, without breaking the bank.

Meanwhile, Old Sevier holds a reputation for affordability and a vibrant community feel. With average rents around $980, residents enjoy local dining and entertainment options while maintaining a manageable budget.

A quick look at other options in Knoxville reveals Asbury, Bella Vista, and Boyd Island, where average rents are approximately $1,133 per month. These areas offer a variety of amenities while maintaining lower living costs compared to other neighborhoods.

When comparing Knoxville to other places, it’s important to note that the average rent in Knoxville is $1,795 per month. This makes it more affordable than the national average rent of $1,563, highlighting Knoxville as a cost-effective option.

Rent Comparisons by Neighborhood in Knoxville

Downtown Knoxville is known for its lively atmosphere and vibrant arts scene. Rent in this neighborhood averages around $1,902 per month, making it one of the priciest areas in the city.

Fort Sanders stands out due to its proximity to the University of Tennessee. This prime location means higher rent, with prices around $3,126 per month.

Aside from these neighborhoods, Old Sevier and Hardin Valley also feature prominently among the more expensive areas. Old Sevier's average rent is $2,221, offering a blend of modern amenities and historic charm. Hardin Valley is known for its family-friendly environment and access to quality schools.

For those considering Knoxville, living in these neighborhoods comes with higher costs but also offers access to a variety of amenities and cultural activities. You can find more detailed comparisons of Knoxville's neighborhoods on the rental market trends page.

Renters looking for a vibrant lifestyle will find much to appreciate in these areas. Exploring the city’s range of neighborhoods can help determine which fits best with personal needs and lifestyle preferences.

Market Projections for November 2025 in Knoxville

In October 2024, Knoxville's rental market is expected to show moderate growth. Rent increases in the Knoxville metro area have slowed. Predictions suggest a growth rate of around 3.1% for this year.

The average rent for apartments in Knoxville varies. For a studio apartment, it's about $1,100. A 1-bedroom averages $1,249, while a 2-bedroom unit costs around $1,578.

Occupancy rates are forecasted to decrease slightly, averaging 96.4% throughout the year. This indicates a more stable market compared to recent years, meaning fewer fluctuations in rent prices.

Experts suggest that while rent growth is slowing, it still remains positive. This trend aligns with overall market trends in Knoxville. Investors and tenants can expect steady, predictable changes.

For more detailed projections and future trends, explore the Knoxville Housing Market 2024. This source provides a deeper analysis, ensuring that those involved remain informed and prepared.

Frequently Asked Questions

Average rent prices in Knoxville, TN, can vary based on the type of rental and location within the city. Understanding these differences is crucial for anyone looking to rent in this area.

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

A one-bedroom apartment in Knoxville typically costs about $1,249 per month. This rate reflects the overall trend in the city.

What is the cost of renting a two-bedroom apartment in Knoxville, TN?

For a two-bedroom apartment, renters can expect to pay around $1,578 on average. Prices may fluctuate depending on the neighborhood.

How does the rent in Knoxville, TN, compare for houses versus apartments?

Renting a house in Knoxville often costs more than an apartment. While a one-bedroom apartment might be around $1,249, houses can average around $3,000 per month.

Has there been a significant change in Knoxville, TN's average rent over recent years?

Rent prices in Knoxville have seen some fluctuations. Recently, the average rent was 16% lower than the national average, suggesting affordability remains a strong point for the city.

Can you explain why Knoxville, TN's rental prices vary across the city?

Rental prices vary due to neighborhood popularity and amenities. For instance, the average rent in Downtown Knoxville tends to be higher because it's a popular area.

What are the factors contributing to the cost of living in Knoxville, TN?

Key factors include the local economy, housing demand, and job market conditions. Rent remains a significant component of living costs, influenced by market trends and neighborhood desirability.