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What to Know About
Living in 37938
Knoxville is a vibrant and growing city nestled in the foothills of the Great Smoky Mountains. Visitors can explore the city's past by visiting the James White Fort, Blount Mansion, East Tennessee History Center, and Knoxville Museum of Art and its present at the Tennessee Theatre and the Bijou Theatre. Home to the University of Tennessee, Knoxville is a college town with a lively and diverse atmosphere. Knoxville also has a thriving local economy, with plenty of job opportunities and excellent wages.
Take advantage of Knoxville's natural beauty at the Great Smoky Mountains, Knoxville Urban Wilderness, which offers over 50 miles of hiking and biking trails, kayaking on the Tennessee River or biking through the city's many parks and trails. The city boasts a thriving downtown area, offering many restaurants, bars, boutiques, and galleries. Knoxville has several yearly events showcasing the city's diverse culture and community spirit, such as the International Biscuit Festival and Dogwood Arts Festival.
Knoxville offers an excellent quality of life with a low cost of living, making it an attractive option for those looking for a great place to live.
Rental Market Trends
Knoxville, TN
As of July 2025, Knoxville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Knoxville's average rent is 13.8% ($195) higher than the Tennessee average of $1,408 and 9.7% ($172) lower than the U.S. average of $1,775.
Average Rent
$1,603
Monthly ChangeMonth Over Month Change
1.8% ($29)
Yearly ChangeYear Over Year Change
2.8% ($47)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,429 | 4% ($59) | 11.7% ($150) |
| 2 Beds | $1,646 | 2.1% ($35) | 10.7% ($159) |
| 3 Beds | $2,027 | 0.7% ($15) | 16.2% ($282) |
| Nearby Cities | Average Rent | Avg. Rent vs. KnoxvilleAverage Rent vs. Knoxville | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Powell | $1,588 | 0.9% ($15) | 33 days |
| Louisville | $1,387 | 13.5% ($216) | 39 days |
| Alcoa | $1,517 | 5.4% ($86) | 43 days |
| Seymour | $2,168 | 35.2% ($565) | 33 days |
| Farragut | $1,860 | 16% ($257) | 36 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Knoxville Rental Market FAQs
Explore rental prices, market trends, and availability in Knoxville, TN.
The average rent in Knoxville, TN is $1,603 per month.
Homes in Knoxville typically rent for between $1,000 and $2,635 per month, with an average of $1,603 per month.
In Knoxville, the average rent for a 1-bedroom home is $1,429 per month, for a 2-bedroom home, $1,646 per month, and a 3-bedroom home is $2,027 per month.
The average rent in Knoxville is 9.7% ($172) lower than the national average of $1,775 per month.
The average rent in Knoxville has decreased by 1.8% ($29) in the last month and decreased by 2.8% ($47) over the past year.
The rental market in Knoxville, TN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Knoxville, TN, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 290 rental properties available in Knoxville, TN.
Based on the current averages, a household would need an annual income of $65,840 to comfortably afford a 2-bedroom home in Knoxville.
