Zumper
modified
4 Hours Ago

Highlights

  • Pet Friendly
  • Rooftop terrace
  • Off-street parking
  • Panoramic views
  • Stainless-steel appliances
  • City views
  • Ample storage space

Location

116 S Gay St, Knoxville, TN 37902, USA
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Contact

Management

Jackson Central Group

Leasing office

(844) 294-7576 ext. 9533

Property Overview

116 South Gay Street offers strong overall value with an 8.1/10 expert rating, including excellent scores for price, location, amenities, and trustworthiness. Residents can enjoy standout features such as a rooftop terrace with panoramic city views, off-street parking, ample storage, and modern stainless-steel appliances, all in a highly walkable area with robust transit access and abundant nearby parks, restaurants, and services. Its setting and design also support work-from-home, fitness and wellness, social life, and environmentally conscious lifestyles.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.1
Very Good
With a solid 8.1 out of 10 overall, 116 South Gay Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 116 South Gay Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • High school nearby

Great for

  • Social life
  • Work-from-home
  • Wellness

Floor plans

116 South Gay Street - 810Studio1 bath640 sqft$1,700 /moThis spacious, premium studio apartment is located in one of downtown Knoxville's most desirable areas, just steps from top restaurants, bars, and shopping in Downtown, Old City, and Market Square. The bright and open 640 sq. ft. unit is situated on the eighth floor of the Sterchi Lofts and has been fully renovated. Large windows provide abundant natural light and stunning city and mountain views, complete with sun shades for comfort and privacy. The updated kitchen features all-new cabinetry and stainless-steel appliances. The modern bathroom includes a tiled shower with glass door and a new vanity. Additional conveniences include a stackable washer and dryer, central heating and air, and ample storage space. Residents can also enjoy access to a rooftop terrace with panoramic views, as well as an on-site fitness center. Off-street parking is available nearby. Small pets are welcome. This is a non-smoking property.

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Amenities for 116 South Gay Street

Building

Cats OKDogs OK
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

Application Fee

Per-applicant. Agent application fee.

Contact Property

REQUIRED FEES

Security Deposit

One-time.

Contact Property

OPTIONAL FEES

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Cat

Pet Terms

1 cat max.

Dog

Pet Terms

1 dog max.

Questions about this property’s policies and fees?

Building details

Property details

Units1
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About 116 South Gay Street

HomeApartments in Knoxville 116 South Gay Street

This spacious, premium studio apartment is located in one of downtown Knoxville's most desirable areas, just steps from top restaurants, bars, and shopping in Downtown, Old City, and Market Square. The bright and open 640 sq. ft. unit is situated on the eighth floor of the Sterchi Lofts and has been fully renovated. Large windows provide abundant natural light and stunning city and mountain views, complete with sun shades for comfort and privacy. The updated kitchen features all-new cabinetry and stainless-steel appliances. The modern bathroom includes a tiled shower with glass door and a new vanity. Additional conveniences include a stackable washer and dryer, central heating and air, and ample storage space. Residents can also enjoy access to a rooftop terrace with panoramic views, as well as an on-site fitness center. Off-street parking is available nearby. Small pets are welcome. This is a non-smoking property.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.1
/10
Very Good
With a solid 8.1 out of 10 overall, 116 South Gay Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 116 South Gay Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 116 South Gay Street
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
116 South Gay Street stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 116 South Gay Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
116 South Gay Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 116 South Gay Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

Showing 8 highest rated

Stayed here in an Airbnb and it's was lovely! A nice studio apartment, fully furnished with everything I needed. Right downtown close to shops and restaurants.

Elizabeth Dragoo

Elizabeth Dragoo

Jul 11, 2020

Love these apartments! My husband and I considered moving here if our house sold, just to get a feel for how we would like to live downtown. Chloe was excellent showing us around and answering our many questions. We ended up taking our house off the market, but still wish we would have been able to give these a try.

Susan Brown

Susan Brown

Oct 04, 2018

We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

116 South Gay Street is great for:

Social life

  • Areas nearby are accessible by walking
  • 154 restaurants within 1 mile of this property
  • The area has transit options
  • 41 local event hubs within 1 mile

Work-from-home

  • 4 internet service provider options nearby
  • 2 coworking spaces or cafes within 1 mile
  • Large windows for natural lighting
  • 3 office supply stores within 1 mile

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • 18 sports facilities (like tennis courts) nearby
  • 43 parks nearby

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 116 South Gay Street compares to other nearby properties.

Positives

More space
Studio is 140 sqft larger than other listings nearby
High school nearby
There is a high school 0.3 mile away

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 0.4 mile away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away
No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Knoxville

studio apartments at 116 South Gay Street cost about 76% more than the average rent price for studio apartments in Knoxville.

Median rents as of May 2 2026.
Knoxville
A table of studio rental data trends in Knoxville
MonthMedian Rent
May 2024$1,100
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
April 2026$971
May 2026$965

Affordability calculator

Can I afford to live at 116 S Gay St?

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

$68,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $68,000 annually to afford this studio monthly rent price of $1,700.
For more information on rent affordability, visit our rent calculator.

Schools near 116 South Gay Street

Ft. Sanders Education Development Center

501 s twenty-first st

knoxville, TN, 37916

PKPublic

Tennessee Elementary School for the Deaf

2725 island home blvd

knoxville, TN, 37920

PK, K-6Public

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 116 South Gay Street

Getting around Knoxville near 116 S Gay St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 116 S Gay St, Knoxville

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

6/10
At least one elementary school within a 15-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Nightlife

8/10
Wide variety of bars within a few minutes' walk

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