Rental market snapshot for Knoxville, Tennessee

Knoxville, Tennessee Rental Property Market Overview

Knoxville, Tennessee is a vibrant city with a population of 192,648 as of 2021, according to the US Census. It is home to a diverse range of attractions, from the iconic Sunsphere to the historic Market Square. The city is known for its lively music scene, outdoor recreation, and delicious Southern cuisine. Knoxville is a great place to live, work, and play, and its population continues to grow.

The average rent for an apartment in Knoxville is $1,451. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -7.2% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Knoxville Tennessee | Cost of Living

  • The most expensive ZIP Code in Knoxville is 37902 with an average price of $2,007
  • The cheapest ZIP Code in Knoxville is 37916 with an average price of $755

Knoxville ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
137902$2,007
237932$1,800
337923$1,795
437931$1,772
537920$1,748
637919$1,690
737922$1,681
837917$1,400
937918$1,334
1037912$1,314

Live near Knoxville, Tennessee's Top Sights and Attractions

Fountain City Ballfields is a large complex of baseball and softball fields located in a picturesque setting. The complex features seven lighted fields, a concession stand, and a playground. The fields are well-maintained and offer a great place for teams to practice and compete. The complex also hosts tournaments and special events throughout the year. It is a great place for families to come and enjoy a day of baseball and softball.

McClung Frank H Museum is an interactive museum located in Knoxville, Tennessee. It features a variety of exhibits that explore the history and culture of the area. Visitors can explore the museum's permanent collection, which includes artifacts from the Civil War, Native American culture, and the history of Knoxville. The museum also offers interactive activities such as scavenger hunts, hands-on activities, and educational programs. The museum also features a gift shop and a cafe.

Pellissippi State Community College Park is a beautiful outdoor area located in Knoxville, Tennessee. It features a variety of recreational activities, including walking trails, picnic areas, and a lake. The park is also home to a variety of wildlife, including birds, turtles, and fish. Visitors can enjoy the peaceful atmosphere of the park while taking in the stunning views of the surrounding area.

Concord Park is a scenic outdoor area located on the banks of the Tennessee River. It offers a variety of activities for visitors, including walking and biking trails, fishing, and a boat launch. There is also a playground, picnic areas, and a beach area. The park is home to a variety of wildlife, including deer, ducks, and other birds. The park is a great place to relax and enjoy nature.

Market Square is a vibrant public space located in the heart of the city. It is a popular gathering place for locals and visitors alike, offering a variety of restaurants, shops, and entertainment. The square is surrounded by historic buildings and is home to a weekly farmers market, live music, and special events throughout the year. It is a great place to relax, people watch, and take in the sights and sounds of the city.

Victor Ashe Park is a sprawling, lush green space located in Knoxville, Tennessee. It features a variety of outdoor activities, including walking trails, a playground, a disc golf course, and a dog park. The park also has a large pond, which is home to a variety of wildlife, including ducks, geese, and turtles. The park is also a popular spot for picnics, with plenty of tables and grills available for use.

I C King Park is a beautiful outdoor area located in Knoxville, Tennessee. It features a large lake, a playground, and a variety of trails for walking, running, and biking. The park also has a picnic area, a disc golf course, and a boat launch. Visitors can also enjoy fishing, kayaking, and canoeing in the lake. The park is a great place to spend the day with family and friends, or to just relax and enjoy the natural beauty of the area.

The Sunsphere is a large, gold-colored, glass-paneled structure located in the heart of the city. It stands at 266 feet tall and is topped with a large gold sphere. The sphere is made up of 8,888 half-inch thick panels of glass, each one weighing about 200 pounds. Inside the sphere, visitors can take an elevator to the Observation Deck, which offers 360-degree views of the city and surrounding area. The Sunsphere also features a restaurant, gift shop, and a theater.

John Tarleton Park is a beautiful outdoor space located in Knoxville, Tennessee. It features a large lake, walking trails, picnic areas, and a playground. The park is a great spot for families to enjoy a day outdoors, with plenty of activities to keep everyone entertained. The lake is a popular spot for fishing and boating, while the trails are perfect for a leisurely stroll or a more challenging hike. The playground is a great place for kids to let off some steam, and the picnic areas provide a great spot to enjoy a meal with friends and family.

Inskip Ballfields is a large outdoor recreational area located in Knoxville, Tennessee. It features a variety of sports fields, including baseball, softball, and soccer fields, as well as a playground and picnic area. The fields are well-maintained and have plenty of parking. The area also features a walking trail, which is great for a leisurely stroll or a more vigorous jog. There are also plenty of benches and picnic tables for visitors to relax and enjoy the scenery.

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Knoxville, Tennessee area median rent change by ZIP Code map

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How does Knoxville compare to other cities in Tennessee ?

citymedian price
Old Hickory$2,260
Gallatin$1,855
Murfreesboro$1,895
Ashland City$929
Wilson County$2,045
Cordova$1,810

Average household income in Knoxville area graph - US Census

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The median household income in Knoxville in 2021 was $41,598. This represents a 24.3% change from 2011 when the median was $33,467.

#categorypercent
0Less than $10,00010.0%
1$10,000 to $14,9996.5%
2$15,000 to $19,9997.1%
3$20,000 to $24,9996.7%
4$25,000 to $29,9996.3%
5$30,000 to $34,9996.4%
6$35,000 to $39,9995.1%
7$40,000 to $44,9995.0%
8$45,000 to $49,9994.6%
9$50,000 to $59,9998.9%
10$60,000 to $74,9998.5%
11$75,000 to $99,9999.7%
12$100,000 to $124,9996.2%
13$125,000 to $149,9992.8%
14$150,000 to $199,9993.1%
15$200,000 or more3.0%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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