Yardley Flats Apartments
215 Florida St,
Knoxville, TN 37915
1-2 Beds | $1,769 - $4,213
Rental Market Trends in Knoxville, TN
Updated August 2026
The average rent in Knoxville, TN is $1,362/month.
Rent in Knoxville is 18% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,362/month
Average Rent
721 Sq Ft
Average Size
+1.7%
Change / Year
4,064
Available Apartments
Knoxville rent varies by unit size and layout:
- Studio apartments in Knoxville average $1,108 per month.
- One-bedroom apartments in Knoxville average $1,362 per month.
- Two-bedroom apartments in Knoxville average $1,561 per month.
- Three-bedroom apartments in Knoxville average $2,025 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Knoxville, TN?
In the past year, rent has increased by 1.7%, which averages out to $24 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Knoxville, TN
August 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
16%
Below $700/month
14%
$700 - $1,000/month
36%
$1,001 - $1,500/month
25%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Knoxville?
Based on current rent prices, Park City, Uptown Knoxville and North Knoxville 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, South Waterfront, The Strip and Downtown Knoxville 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 $1,362, you’ll want to make about $4,540 per month or $54,480 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 14.0% lower than the national average. Generally, housing in Knoxville is 23.0% less expensive than the national average, with rent falling between $1,108 - $2,025. You can expect to pay 1.9% less for groceries, 12.4% less for utilities, and 13.9% 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.
View the Knoxville Area GuideStudio
-
$1,712/month
One Bedroom
$814/month
$2,047/month
Two Bedroom
$508/month
$2,778/month
Three Bedroom
$619/month
$4,081/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Knoxville We Think You'll Love
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Frequently Asked Questions
What is the average rent in Knoxville?
The average rent in Knoxville is $1,362 per month, which is 18.1% lower than the national average of $1,663.
What is the average rent for a house in Knoxville?
The average rent for a house in Knoxville, TN is $2,223 per month.
What is the average rent for a townhome in Knoxville?
The average rent for a townhome in Knoxville, TN is $1,828 per month.
What is the average rent for a condo in Knoxville?
The average rent for a condo in Knoxville, TN is $1,273 per month.
Are rents going up or down in Knoxville?
Rents in Knoxville, TN are increasing, with prices up 1.7% year-over-year and $24 more per month.
What rent range is most common in Knoxville?
In Knoxville, TN, 36% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.