Knoxville renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Knoxville is about $412 per month. This puts it in the 4th percentile compared to the state average cost of rent, which is $877. Households in Knoxville have a median income of $3,703 per month so the average renter in Knoxville is spending roughly 11% of their earnings on housing.
Nationally, and in Knoxville, home values are the data point most closely correlated with the cost of rent. The median price of a home in Knoxville is $94,060 right now, which is higher than nearby cities, meaning that rents in Knoxville also tend to be higher versus these nearby cities.
Higher rent prices are common in the western parts of Knoxville while lower rent rates are often available in eastern areas.
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