Apartments in Wesley Knoxville

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505 Buckeye Dr Knoxville, TN
1 - 3 BR | Ask for Availability
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10
$1,250
Knoxville, TN
2 BR | Nov. 22, 2024
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53
$1,429 - 1,779
1000 Country Oak Cir Knoxville, TN
1 - 2 BR | Available Now
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$580 - 680
8324 Gleason Drive Knoxville, TN
Studio - 1 BR | Available Now
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3
$1,195 - 1,475
4619 Sunflower Rd Knoxville, TN
1 - 2 BR | Available Now
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$644 - 714
8044 Glean Road Knoxville, TN
1 - 2 BR | Available Now
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Knoxville:
November Rent Report

Welcome to the November 2024 Knoxville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Knoxville rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Knoxville and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Knoxville average rent prices in the chart below.

Monthly Rent Report

$1,600
$1,200
$800
$400
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Knoxville Rent Prices Increase From October to November

Knoxville rent prices increased over the last month. From October to November, the city experienced a 1.01% increase for the price of a one-bedroom apartment. The rent price for a Knoxville one-bedroom apartments currently stands at $1,402.0.

When we take a look at the two-bedroom comparison from October to November, Knoxville experienced a 0.6% increase for the price of a two-bedroom apartment. The rent price for a Knoxville two-bedroom apartments currently stands at $1,510.0.

November Prices: Knoxville vs. Surrounding Areas

Sevierville, TN
Knoxville, TN
Pigeon Forge, TN
Oak Ridge, TN
Maryville, TN
$1,495
$1,388
$1,272
$1,181
$1,124
$0
$500
$1,000
$1,500
$2,000
Median 1 BR Rent

Rent Prices in Knoxville and Surrounding Areas

Rent prices have increased in Knoxville over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Knoxville suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Maryville, TN, Pigeon Forge, TN .

  • Rent decreased in Oak Ridge, TN, Sevierville, TN.

  • 1 suburb is currently priced higher than the city of Knoxville.

  • 3 suburbs are currently priced lower than the city of Knoxville.

November 2024 Pricing Trends: Knoxville vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Knoxville, TN
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,388
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Knoxville Rent Prices More Affordable Than Major Cities

Rent growth in Knoxville over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Knoxville average rent prices appear to be relatively affordable for local residents.

The price for a Knoxville one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Knoxville and surrounding area rent prices, take a look at the complete data set below.

Data set for Knoxville and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Knoxville, TN $1,388.0 1.31% $1,501.0 0.07%
Maryville, TN $1,124.0 1.81% $1,389.0 5.07%
Oak Ridge, TN $1,181.0 -4.14% $1,316.0 -2.37%
Pigeon Forge, TN $1,272.0 1.92% $1,728.0 0.94%
Sevierville, TN $1,495.0 0.00% $1,782.0 -2.09%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.