5+ Days Ago
Highlights
Pet Friendly
- Walk-in closets
- Waterfront
- Fitness studios
- Gas cooktop
Location
531 South Gay Street #1501, Knoxville, Tennessee 37902, United States|Downtown Knoxville
Tour 531 South Gay Street #1501
Contact
Nearby rentals
Renter hub
Property management
Apartments for rent KnoxvilleApartments for rent SeviervilleApartments for rent Pigeon ForgeApartments for rent South KnoxvilleApartments for rent GatlinburgApartments for rent Fort SandersApartments for rent Downtown KnoxvilleApartments for rent AthensApartments for rent Oak RidgeApartments for rent Lenoir CityApartments for rent AlcoaApartments for rent MaryvilleApartments for rent SeymourApartments for rent LoudonApartments for rent MorristownApartments Near Me
Houses for rent KnoxvilleHouses for rent Downtown KnoxvilleHouses for rent Pigeon ForgeHouses for rent SeviervilleHouses for rent GatlinburgHouses for rent KingstonHouses for rent Fort SandersHouses for rent MaryvilleHouses for rent AthensHouses for rent HarrimanHouses for rent Lenoir CityHouses for rent VonoreHouses for rent MorristownHouses for rent DandridgeHouses for rent Oak RidgeHouses for rent near me
Property Overview
With walk-in closets and waterfront access, this location offers both comfort and scenic beauty. Its proximity to fitness studios and the presence of a gas cooktop add to the appeal for those valuing an active lifestyle and culinary convenience. Ideal for individuals seeking urban living with modern amenities, it presents a blend of practicality and leisure.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Middle school nearby- Elementary school nearby
- Covered parking
Great for
Work-from-home
Wellness
Social life
Amenities for 531 South Gay Street #1501, Downtown Knoxville
Apartment Amenities
| Air Conditioning | Balcony |
| Freezer | Gas |
| Hardwood Floor | Heat Pump |
| Tile | Walk-in Closet |
| Washer/Dryer Hookups | Water |
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Microwave |
| Range/Oven | Refrigerator |
Tech
| Alarm System | Cable |
| Cable Ready | Wired For Internet |
Building
| Cats OK | Controlled Building |
| Dogs OK | Fitness Center |
| Onsite Laundry | Security Cameras |
| Sewage |
Grounds
| Garage Parking | Hot Tub/Spa |
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
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
Advertisement
About 531 South Gay Street #1501
Home
Apartments in KnoxvilleDowntown Knoxville 531 South Gay Street #1501, Knoxville, Tennessee 37902, United States
Apartments in KnoxvilleDowntown Knoxville 531 South Gay Street #1501, Knoxville, Tennessee 37902, United StatesProperty Id: 211937 Experience luxury living in downtown Knoxville, from your quiet and light-filled 15th floor Penthouse condo at the Holston Building! Enjoy magical views of the Great Smoky Mountains, Tennessee River, illuminated bridges, sunrises and sunsets from your 12 private windows, and balcony. This contemporary penthouse features remote-operated window blinds, large jacuzzi tub, walk-in closets, gas cooktop, and a bar area. There is secure access to the penthouse level. Enjoy the retreat at your condo with city views of the rooftop bars, street parades, fireworks, and Neyland Stadium, or step outside to Knoxville's most popular restaurants and cafes, Tennessee and Bijou Theaters, Regal Riviera, fitness studios, shops, art galleries, and the farmer's market! Vida restaurant and The Vault are at the Holston Building. You are in close proximity to Old City, Covenant Health Park, University of Tennessee, and the waterfront. Included are internet, water, gas, and the use of Holston's Community room.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 531 S Gay St, Knoxville, TN 37902, USA compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- Elementary school nearby
- There is an elementary school 0.5 mile away
- Covered parking
- Garage, covered, or indoor parking is available at this address
- Images available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Address details
| Neighborhood | Downtown Knoxville |
|---|---|
| Zip code | 37902 |
| Type | Condo for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Downtown Knoxville
2-bedroom apartments at 531 South Gay Street #1501 cost about 24% more than the average rent price for 2-bedroom apartments in Knoxville.
Median rents as of Nov 29 2025.
Downtown Knoxville
Knoxville
| Month | Median Rent |
|---|---|
| December 2023 | $1,578 |
| January 2024 | $1,599 |
| February 2024 | $1,597 |
| March 2024 | $1,643 |
| April 2024 | $1,678 |
| May 2024 | $1,650 |
| June 2024 | $1,667 |
| July 2024 | $1,687 |
| August 2024 | $1,673 |
| September 2024 | $1,632 |
| October 2024 | $1,634 |
| November 2024 | $1,595 |
| December 2024 | $1,591 |
| January 2025 | $1,593 |
| February 2025 | $1,581 |
| March 2025 | $1,556 |
| April 2025 | $1,537 |
| May 2025 | $1,539 |
| June 2025 | $1,528 |
| July 2025 | $1,507 |
| August 2025 | $1,515 |
| September 2025 | $1,498 |
| October 2025 | $1,412 |
| November 2025 | $1,463 |
| Month | Median Rent |
|---|---|
| December 2023 | $2,958 |
| January 2024 | $3,008 |
| February 2024 | $2,819 |
| March 2024 | $2,604 |
| April 2024 | $2,817 |
| May 2024 | $3,000 |
| June 2024 | $2,907 |
| July 2024 | $2,887 |
| August 2024 | $2,863 |
| September 2024 | $2,859 |
| October 2024 | $2,862 |
| November 2024 | $2,941 |
| December 2024 | $2,899 |
| January 2025 | $2,872 |
| February 2025 | $2,615 |
| March 2025 | $2,574 |
| April 2025 | $2,568 |
| May 2025 | $3,025 |
| June 2025 | $3,847 |
| July 2025 | $3,497 |
| August 2025 | $3,611 |
| September 2025 | $3,809 |
| October 2025 | $3,060 |
| November 2025 | $3,823 |
Affordability calculator
Can I afford to live at 531 South Gay Street #1501?
Bedrooms
2 bedroomsRent-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
$176,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $176,000 annually to afford this 2-bedrooms monthly rent price of $4,400.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 5 months ago | $3,795 | 3 bed | 2 bath | ||
| 1 year ago | $2,850 | 2 bed | 2 bath | ||
| 1 year ago | $2,850 | 2 bed | 2 bath | ||
| 1 year ago | $4,500 | 2 bed | 2 bath | ||
| 3 years ago | $4,400 | 2 bed | 2 bath | ||
| 5 years ago | $3,500 | 3 bed | 2 bath | ||
| 5 years ago | $3,800 | 2 bed | 2 bath |
Schools near 531 South Gay Street #1501
Ft. Sanders Education Development Center
501 s twenty-first st
knoxville, TN, 37916
PKPublic
Fair Garden Family Community Center
400 fern st
knoxville, TN, 37914
PKPublic
Sequoyah Elementary School
942 southgate rd
knoxville, TN, 37919
PK, K-5Public
A-
Knox Adaptive Education Center
5719 kingston pike
knoxville, TN, 37919
PK, K-12Public
Advertisement
Internet available near 531 South Gay Street #1501
Neighborhood
Downtown Knoxville | Knoxville, TN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Knoxville near 531 South Gay Street #1501
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 531 South Gay Street #1501, Knoxville
Groceries
8/10
At least one supermarket within a 10-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
7/10
At least one elementary school within a 15-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
Other units at this address
531 S Gay St, Knoxville, TN
531 S Gay St Knoxville, TN
Occupied
1103
3 Beds
2 Baths
$3,795
Dishwasher • Deck • Air Conditioning • Balcony • Walk-In Closets • Hardwood Floor
Compare similar properties nearby
Eagle Pointe Apartment Homes
Our team has verified this company8608 Eagle Pointe Drive
3 Beds
$1,784–$3,435
- in-unit laundry
- dogs and cats ok
- fitness center
Smoky Crossing Apartment Homes
Our team has verified this company11647 Chapman Highway
1–3 Beds
$1,531–$5,149
- in-unit laundry
- dogs and cats ok
- fitness center
Marble Alley Lofts
Our team has verified this companyDowntown Knoxville • 300 State Street
1–2 Beds
$1,601–$7,246
- in-unit laundry
- dogs and cats ok
- fitness center
- in-unit laundry
- dogs and cats ok
- fitness center
Village at Westland Cove Apartments
Our team has verified this company9635 Westland Cove Way
3 Beds
$1,988–$3,579
- in-unit laundry
- dogs and cats ok
- fitness center
- in-unit laundry
- dogs and cats ok
- fitness center
1060 Worlds Fair Park Drive #11, Knoxville, TN, 37916
Our team has verified this companyDowntown Knoxville • 1060 Worlds Fair Park Drive #11
2 Beds
$3,100
- in-unit laundry
- dogs and cats ok
- fitness center
- in-unit laundry
- dogs and cats ok
- fitness center
Eagle Pointe Apartment Homes
Our team has verified this company8608 Eagle Pointe Drive
3 Beds
$1,784–$3,435
- in-unit laundry
- dogs and cats ok
- fitness center
Smoky Crossing Apartment Homes
Our team has verified this company11647 Chapman Highway
1–3 Beds
$1,531–$5,149
- in-unit laundry
- dogs and cats ok
- fitness center
Marble Alley Lofts
Our team has verified this companyDowntown Knoxville • 300 State Street
1–2 Beds
$1,601–$7,246
- in-unit laundry
- dogs and cats ok
- fitness center
- in-unit laundry
- dogs and cats ok
- fitness center
Village at Westland Cove Apartments
Our team has verified this company9635 Westland Cove Way
3 Beds
$1,988–$3,579
- in-unit laundry
- dogs and cats ok
- fitness center
- in-unit laundry
- dogs and cats ok
- fitness center
1060 Worlds Fair Park Drive #11, Knoxville, TN, 37916
Our team has verified this companyDowntown Knoxville • 1060 Worlds Fair Park Drive #11
2 Beds
$3,100
- in-unit laundry
- dogs and cats ok
- fitness center
- in-unit laundry
- dogs and cats ok
- fitness center
Check availability
Advertisement