Condo for rent

18 Hours Ago

505 Union Ave
505 Union Ave, Knoxville, TN 37902, USA

Monthly rent	$1,475
Beds	Studio
Baths	1
Sqft	549

Monthly rent	$1,475
Beds	Studio
Baths	1
Sqft	549

18 Hours Ago

Highlights

Non-smoking
Expansive windows
Washer/dryer hookups
Updated appliances
Soaring ceilings
Beautiful hardwood floors

Location

505 Union Ave, Knoxville, TN 37902, USA|Downtown Knoxville

Tour 505 Union Ave

Contact

University Real Estate & Property Management, LLC

(865) 673-6600

Property Overview

A non-smoking environment enhances the appeal of this property, while expansive windows and soaring ceilings contribute to a bright and airy atmosphere. Updated appliances and beautiful hardwood floors create a modern yet inviting aesthetic, complemented by the convenience of washer/dryer hookups. Ideal for those seeking a blend of comfort and contemporary features in a vibrant locale.

Things you’ll love

High school nearby
Less expensive
Covered parking

Great for

Pet owners
Eco living
Work-from-home

Amenities for 505 Union Ave, Downtown Knoxville

Appliances

Dishwasher	Microwave
Range	Refrigerator

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

About 505 Union Ave

Home

Apartments in Knoxville

Downtown Knoxville

505 Union Ave, Knoxville, TN 37902, USA

This unique studio is a MUST SEE! The Daylight Building is conveniently situated among the eclectic shops and popular restaurants of Union Avenue, just one block from picturesque Market Square, and within walking distance to the UT campus, World's Fair Park, bustling Old City and Gay Street. This charming studio residence features expansive windows, soaring ceilings, tasteful fixtures and beautiful hardwood floors. This studio residence has been thoughtfully designed to include: Updated appliances Murphy Bed (mattress not included) Drapes Water Washer/Dryer Hookups Tenant responsible for Cable/Internet and electric. Comes unfurnished except for the Murphy Bed (Mattress NOT included) No pets. This property is non-smoking. Please note: HOA does not permit short-term rentals/AirBnB. Public parking is available at metered spaces around the building and in numerous garages nearby. The Locust Street Garage is directly across the street and the Langley Garage is directly behind the building. Parking on nights and weekends is generally free in city-owned garages, and Downtown residents are currently offered a reduced parking rate in city-owned garages (approx. $38-45/month); subject to availability. Contract University Real Estate at 865-673-6600 ext 102 for leasing.

Property highlights

How 505 Union Ave #Knoxville Tn 113, Knoxville, TN 37902, USA compares to other nearby properties.

Positives

High school nearby: There is a high school 0.2 mile away
Less expensive: Some rentals at this address are cheaper than similar listings nearby
Covered parking: Garage, covered, or indoor parking is available at this address
Elevator: Improved accessibility features
Images available: There are at least 10 photos of this address

Considerations

Greater distance from grade schools: The nearest elementary school is farther than 1 mile away
Greater distance from middle schools: The nearest middle school is farther than 1 mile away

Address details

Neighborhood	Downtown Knoxville
Zip code	37902
Type	Condo for rent

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Rent trends in Downtown Knoxville

studio apartments at 505 Union Ave cost about 5% less than the average rent price for studio apartments in Knoxville.

Median rents as of Mar 14 2026.

Downtown Knoxville

Knoxville

A table of studio rental data trends in Knoxville
Month	Median Rent
March 2024	$1,050
April 2024	$987
May 2024	$1,065
June 2024	$1,082
July 2024	$1,177
August 2024	$1,179
September 2024	$972
October 2024	$1,080
November 2024	$978
December 2024	$1,030
January 2025	$1,022
February 2025	$961
March 2025	$988
April 2025	$981
May 2025	$988
June 2025	$982
July 2025	$1,062
August 2025	$981
September 2025	$1,092
October 2025	$1,184
November 2025	$1,119
December 2025	$975
January 2026	$975
February 2026	$978
March 2026	$975

A table of studio rental data trends in Downtown Knoxville
Month	Median Rent
March 2024	$1,550
April 2024	$1,550

Affordability calculator

Can I afford to live at 505 Union Ave?

Bedrooms

Studio

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$59,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $59,000 annually to afford this studio monthly rent price of $1,475.

For more information on rent affordability, visit our rent calculator.

Check availability

Rent history

Check out the past listing prices for monthly rent at 505 Union Ave, Knoxville, TN.
			Bath
Last month	$1,850	1 bed	1 bath
9 months ago	$1,400	1 bed	1 bath
1 year ago	$1,850	1 bed	1 bath
1 year ago	$2,100	1 bed	1 bath
1 year ago	$2,000	1 bed	1 bath
2 years ago	$2,100	1 bed	1 bath
3 years ago	$2,850	1 bed	1 bath
4 years ago	$1,780	2 bed	1 bath

Schools near 505 Union Ave

Internet available near 505 Union Ave

Getting around Knoxville near 505 Union Ave

Walking

9/10

No car? No problem. Everything you need is within a few blocks.

Driving

7/10

This area is close to freeways and has adequate parking options.

Cycling

6/10

More spots are within biking distance and some roads are cyclist-friendly.

Transit

6/10

Frequent public transit options are within walking distance.

Points of interest for 505 Union Ave, Knoxville

Groceries

8/10

At least one supermarket within a 15-minute walk

Shopping

4/10

Several shops within walking distance

Cafes

6/10

Several cafés within a few minutes’ walk

Restaurants

8/10

Variety of restaurants within a few minutes' walk

Primary schools

8/10

At least one elementary school within a 15-minute walk

High schools

9/10

At least one high school within a 5-minute walk

Nightlife

9/10

Wide variety of bars within a few minutes' walk

Explore the area around 505 Union Ave

Red Panda Grocery

123 S Central St

Hot Birds @ Marble City Market

333 W Depot Ave

Lucky Food Market

1006 University Ave

Food City

1950 Western Ave

Publix

2429 University Commons Way

Other units at this address

505 Union Ave #Knoxville Tn 113, Knoxville, TN

505 Union Ave #Knoxville Tn 113 Knoxville, TN

Occupied

113

1 Bed

1 Bath

800 sqft

$1,850

In-Unit Laundry • Hardwood Floor

Occupied

214

1 Bed

1 Bath

597 sqft

$1,850

Assigned Parking • In-Unit Laundry • Dishwasher • Hardwood Floor

Occupied

108

1 Bed

1 Bath

700 sqft

$2,000

On-Site Laundry • In-Unit Laundry • Dishwasher

Days on market: 583

Looking for the perfect downtown oasis? Look no further than this beautiful loft at 505 Union Avenue unit 108. With 1 bedroom and 1 bathroom, this cozy home is perfect for a peaceful and relaxed lifestyle. Enjoy 700 square feet of modern living space in a prime location. Don't miss your chance to call this charming loft your new home! Experience the FIG Property Management difference with our Resident Benefits Package! For the price of only $50/month: Identity Protection: Automatic enrollment in a $1 million coverage plan Renter's Insurance: Automatic enrollment in insurance Utility Concierge: Hassle-free setup for your utilities Pinyata Rewards: Earn rewards and save on everyday expenses Credit Building: We report your on-time rent to credit bureaus In-house Maintenance & Support: 24/7 support for any repair needs Pest Control: 4 claims per lease included! Additional Perks: Home buying assistance and exclusive vendor deals A lifestyle upgrade awaits you at FIG — where every detail is crafted for your comfort and convenience. APPLICATION FEES ARE NOT REFUNDABLE _______________________________________ We suggest filling out an application either through a computer or tablet. If you do not have access to these then you are welcome to visit our office and apply. Our address is 1719 N. Central Street, Knoxville, TN, 37917. ----------------------------------------------------------- Applicants will be charged a pet fee of $25.00 when submitting their pets information in order to qualify. We will choose the best applicant out of a pool of applicants. It is not first come first serve. --------------------------------------------------------------------------------------------------------------------- A non-refundable pet fee is required for household pets, as well as a monthly pet rent Under 50lbs: $300 + $25/month Over 50lbs: $500 + $50/month A one-time Admin Fee of $100 will be charged at move-in Utilities: Electric in tenants name, Water is included in rent REQUIREMENTS ------------------------------------ .Credit Score/Resident Score of 550 or more .Net Income requirement of 2.5x the rent amount .Pass background check and landlord reference ------------------------------------------------------------- Call 865-296-0358 ext 2 to schedule a showing!