Cherokee Farmhouse Villas
7340 Coatney Rd,
Knoxville, TN 37920
$2,500 - $2,700 | 4 Beds
Situated across the Tennessee River from the University of Tennessee campus, South Knoxville sits in a prime location that gives easy access to Knoxville proper to the north, Blount County to the south, and the Great Smokey Mountains and the Sevierville region to the west. The area, known for its low overall housing prices and average rents, makes a great place for students living on a budget.
The area’s close proximity to the University of Tennessee campus means students can easily drive or bike to their classes throughout the day. Non-students are within a short commute to Knoxville via the James White Parkway or Chapman Highway. Nestled along the south bank of the Tennessee River, Chapman Highway runs along the neighborhood’s western edge. Bordered by Island Home Park to the northeast, Vestal to the west and Old Sevier to the north, the neighborhood sits about three miles to the south of Downtown Knoxville.
The James White Parkway extends across the Tennessee River
A bike lane in the Island Home neighborhood
As of July 2025, the average apartment rent in South Knoxville is $872 for a studio, $1,106 for one bedroom, $1,351 for two bedrooms, and $2,044 for three bedrooms. Apartment rent in South Knoxville has decreased by -1.9% in the past year.
Studio
459 sq ft
Average Sq Ft
$872/month
Average Rent
1 BR
684 sq ft
Average Sq Ft
$1,106/month
Average Rent
2 BR
958 sq ft
Average Sq Ft
$1,351/month
Average Rent
3 BR
1,327 sq ft
Average Sq Ft
$2,044/month
Average Rent
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.