4 Days Ago
Highlights
Pet Friendly
- Walk-in closets
- Waterfront
- Fitness studios
- Gas cooktop
Location
531 S Gay St #1501, Knoxville, TN 37902, USA|Downtown Knoxville
Tour 531 S Gay St #1501
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Property Overview
Located in a vibrant area, the property offers various amenities that enhance its appeal, including a balcony, stainless appliances, and granite countertops. It's great for urban living, providing convenience and access to nearby attractions, while the addition of a hot tub adds a touch of luxury. The presence of essential appliances like a washer/dryer and gas range makes it a practical choice for those seeking comfort and modern living.
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- Covered parking
- Images available
Great for
Wellness
Pet owners
Work-from-home
Amenities for 531 S Gay St #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
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 |
|---|
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About 531 S Gay St #1501
Property 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
- 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 |
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Rent trends in Downtown Knoxville
2-bedroom apartments at 531 S Gay St #1501 cost about 45% more than the average rent price for 2-bedroom apartments in Knoxville.
Median rents as of Oct 11 2025.
Downtown Knoxville
Knoxville
| Month | Median Rent |
|---|---|
| October 2023 | $1,600 |
| November 2023 | $1,580 |
| December 2023 | $1,580 |
| 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 | $1,406 |
| Month | Median Rent |
|---|---|
| October 2023 | $3,131 |
| November 2023 | $3,115 |
| December 2023 | $2,980 |
| 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 | $2,859 |
Affordability calculator
Can I afford to live at 531 S Gay St #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 | |||||
|---|---|---|---|---|---|
| 3 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 S Gay St #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
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Internet available near 531 S Gay St #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 S Gay St #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 S Gay St #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
Air Conditioning • Microwave • Walk-In Closets • Deck • Hardwood Floor • Dishwasher
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