Yardley Flats Apartments
215 Florida St,
Knoxville, TN 37915
$1,803 - $4,353
1-2 Beds
Rental Market Trends in Knoxville, TN
What is the average rent in Knoxville, TN?
$1,318/month
Average Rent
720 Sq Ft
Average Apartment Size
-1.8%
Decrease in the Last Year
As of March 2026, the average rent in Knoxville, TN is $1,318 per month. This is 19% lower than the national average rent of $1,627/month, making renting in Knoxville more affordable than most cities in the US. When you rent an apartment in Knoxville, you can expect to pay about $1,073 per month for a studio, $1,318 for a one-bedroom apartment, and around $1,535 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,014 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Knoxville, TN?
In the past year, rent has decreased by 1.8%, which averages out to $24 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Knoxville, TN
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
17%
Below $700/month
14%
$700 - $1,000/month
36%
$1,001 - $1,500/month
25%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Knoxville?
Based on current rent prices, Belmont West, Cedar Heights and Far View Hills are the most affordable neighborhoods in Knoxville.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Knoxville?
Based on current rent prices, Market Street District, Maplehurst and Sumit Hill are the most expensive neighborhoods in Knoxville.
Neighborhood
Average Rent
Average Sq Ft
Which Knoxville neighborhoods have the most rentals available?
The neighborhoods in Knoxville with the most apartments available are West Knoxville, North Knoxville and Downtown Knoxville .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Knoxville, TN?
Because the average rent in Knoxville is $1,318, you’ll want to make about $4,393 per month or $52,716 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Knoxville, TN is 14.1% lower than the national average. Generally, housing in Knoxville is 23.2% less expensive than the national average, with rent falling between $1,073 - $2,014. You can expect to pay 1.7% less for groceries, 12.5% less for utilities, and 12.8% less for transportation.
How does Knoxville, TN compare to other nearby cities and neighborhoods?
Use the tool below to compare Knoxville, TN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Methodology
† 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 February 2026.
* Percentages may not total 100 due to rounding.