Icon Apartment Homes at Hardin Valley
1980 Icon Way,
Knoxville, TN 37932
1-3 Beds | $1,545 - $2,600
Rental Market Trends in Knoxville, TN
What is the average rent in Knoxville, TN?
$1,277/month
Average Rent
717 Sq Ft
Average Apartment Size
+0.6%
Increase in the Last Year
As of December 2024, the average rent in Knoxville, TN is $1,277 per month. This is 18% lower than the national average rent of $1,560/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 $1,057 per month for a studio, $1,277 for a one-bedroom apartment, and around $1,506 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,943 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 increased by 0.6%, which averages out to $9 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Knoxville, TN
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
20%
Below $700/month
16%
$700 - $1,000/month
34%
$1,001 - $1,500/month
21%
$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, Uptown Knoxville, Marble City and Belle Morris 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, Old City, East Knoxville and South Waterfront 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 North Knoxville, West 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 $1,277, you’ll want to make about $4,256 per month or $51,072 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.
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.
Studio
$983/month
$757/month
One Bedroom
$1,019/month
$1,644/month
Two Bedroom
$1,215/month
$2,322/month
Three Bedroom
$1,701/month
$1,724/month
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.