Everything else equal, we can all agree that living in a cheaper place is better than living in a more expensive place.
I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.
And while every neighborhood in Knoxville might be more expensive than living in rural Tennessee, there are certain neighborhoods that are definitely cheaper.
What exactly are those Knoxville neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and determine which neighborhoods in Knoxville are the cheapest using Saturday Night Science.
82 cost of living index
78 cost of living index
90 cost of living index
83 cost of living index
85 cost of living index
83 cost of living index
97 cost of living index
84 cost of living index
106 cost of living index
79 cost of living index
The receipts
Compare the top ten
Pick a metric. The bars rescale. The red line is Tennessee’s statewide median.
Saturday Night Science
Methodology: How we determined the cheapest Knoxville hoods in 2026
To rank the cheapest places to live in Knoxville, we had to determine what criteria define “cheap” and then apply Saturday Night Science.
Using Census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 14 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index, the “Cheapest City Neighborhood In Knoxville.” We’re lookin’ at you, Parkridge.
We updated this article for 2026. Skip to the end to see the list of all the neighborhoods in the city, from cheapest to most expensive.
The full plate
Detailed list of the cheapest neighborhoods to live in Knoxville for 2026
Click any column to sort. Search by neighborhood name.
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Parkridge | 82 |
| 2 | Beaumont | 78 |
| 3 | Oakwood | 90 |
| 4 | Belle Morris | 83 |
| 5 | South Knoxville | 85 |
| 6 | Mechanicsville | 83 |
| 7 | Old North Knoxville | 97 |
| 8 | Old Sevier | 84 |
| 9 | Fourth And Gill | 106 |
| 10 | College Hills | 79 |
| 11 | Mornngside | 89 |
| 12 | Park City | 84 |
| 13 | Downtown Knoxville | 114 |
| 14 | Old City | 109 |
Source: U.S. Census ACS 2020-2024. All 14 Knoxville neighborhoods.
Summary
Summary: Lowest cost places to live in Knoxville
If you’re measuring the neighborhoods in Knoxville where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Knoxville are Parkridge, Beaumont, Oakwood, Belle Morris, South Knoxville, Mechanicsville, Old North Knoxville, Old Sevier, Fourth And Gill, and College Hills.
As mentioned earlier, the neighborhoods in Knoxville aren’t all cheap. Old City takes the title of the most expensive neighborhood to live in Knoxville.
We ranked the neighborhoods from cheapest to most expensive in the chart below. Not sold on Tennessee? Take the two-minute Find Your Place quiz and see which state actually fits you.
Questions and answers
Cheapest Neighborhoods In Knoxville FAQs
What is the cheapest neighborhood in Knoxville?
Parkridge is the cheapest neighborhood in Knoxville for 2026. It posts the best combination of overall cost of living, rent against income, and home prices against income. Beaumont and Oakwood are next.
What are the cheapest neighborhoods in Knoxville?
The cheapest neighborhoods in Knoxville are Parkridge, Beaumont, Oakwood, Belle Morris, South Knoxville, Mechanicsville, Old North Knoxville, Old Sevier, Fourth And Gill, and College Hills. We ranked all 14 neighborhoods in the city.
How do you decide which neighborhoods are cheapest?
Three measures: an overall cost of living index, rent-to-income, and home-value-to-income, all from Census tract data. Scoring costs against local incomes keeps one luxury tower from skewing the math.
Is a cheap neighborhood a bad neighborhood?
Not necessarily — this ranking measures what things cost relative to income, nothing else. Check our safest neighborhoods in Knoxville ranking before you sign a lease, because cheap and safe are separate questions.
What is the most expensive neighborhood in Knoxville?
Old City lands at the expensive end of the 14 neighborhoods we scored. If your budget disagrees with it, the rest of the list runs cheaper.
