Apartment for rent

Pet friendly

2 Hours Ago

8.2

Very Good

Waterford Village Apartments
5201 Western Ave, Knoxville, TN 37921, USA

Freeman Webb Company - Knoxville Region

5201 Western Ave, Knoxville, TN 37921, USA

8.2

Very Good

Monthly rent	$1,505–$2,427
Beds	2–3
Baths	1.5–2
Sqft	1,040–1,200

Monthly rent	$1,505–$2,427
Beds	2–3
Baths	1.5–2
Sqft	1,040–1,200

2 Hours Ago

Highlights

Pet Friendly

24-hour fitness center
Professional management team
Beautiful park-like grounds
Play area
Well-manicured landscaping
Refreshing pool and deck

Location

5201 Western Ave, Knoxville, TN 37921, USA

Hi! Let’s figure out if this property is right for you.

Tour Waterford Village

Contact

Managed by

Management

Freeman Webb Company - Knoxville Region

Leasing office

(844) 284-9648 ext. 4742

Closing soon

10:00 am–4:00 pm ET

Property Overview

Waterford Village features a strong overall Zumper expert rating of 8.2 out of 10, with commendable scores for location at 9 and amenities at a perfect 10, highlighting its attractive offerings. The property is competitively priced with an 8 out of 10 rating for value, showcasing excellent balance amidst its standout features like a 24-hour fitness center and well-maintained grounds. Additionally, it is recognized for its pet-friendly environment, supported by various nearby pet services, making it appealing to a diverse range of renters.

Zumper Expert Rating

8.2

Very Good

With a solid 8.2 out of 10 overall, Waterford Village is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Waterford Village has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

Less expensive
Middle school nearby
Fireplace

Great for

Pet owners

Floor plans

	2 Bed 1.5 Bath Townhome	2 bed	1.5 bath	1,040 sqft	$1,505–$2,427 /mo
	3 Bed 2 Bath	3 bed	2 bath	1,200 sqft	$1,716–$2,239 /mo

Let's explore this property.

Amenities for Waterford Village

Apartment Amenities

Bright Spacious Rooms	Carpet
Custom Paint Color	Designer Carpeting
Fireplace	Large Closets
Patio	Plank Flooring
Walk-in Closet	Washer/Dryer Hookups
Window Coverings

Building

Cats OK	Clubhouse
Coffee Bar	Dogs OK
Fitness Center	Residents Lounge

Grounds

Ample Parking	Mature Landscaping
Outdoor Space	Play Area
Sport Courts	Swimming Pool

Services

Monthly Resident Social Calendar	On-Site Maintenance
On-Site Management	Package Service

Neighborhood

Quiet Residential Neighborhood

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
Breed restrictions	Yes
Limit	2

Cat policy

Allowed
Breed restrictions	Yes
Limit	2

Breed restrictions include:

As avid animal lovers, we proudly welcome all sizes, shapes, and breeds. 2 pet maximum per apartment home. *Lessor reserves the right to reject certain breeds or pets determined to be aggressive regardless of breed. Pet Screening Made Simple To help keep our community safe, happy, and pet-friendly, all current and future residents are required to complete a profile through PetScreening.com-even if there are no pets in the household.

Required one-time fees

Security Deposit	Variable

Building details

Property details

Units	161

About Waterford Village

Home

Apartments in Knoxville

Waterford Village

The moment you arrive, you'll notice the beautiful park-like grounds with well-manicured landscaping. Enjoy the refreshing pool and deck on hot summer days. Chat with neighbors as you relax by the fire pit and get to know them better through our resident social activities. Run off energy in the play area, or head to the 24-hour fitness center for an energizing workout. Our professional management team is happy to assist with all your needs. Pricing and Availability subject to change. Some or all apartments listed might be secured with holding fees and applications. Please contact the apartment community to make sure we have the current floor plan available.

Zumper Expert Rating

8.2

/10

Very Good

How we rated Waterford Village

Price·8

Scoring a 8/10, Waterford Village is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.

Amenities·10

Waterford Village stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.

Location·9

Waterford Village 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·6

While Waterford Village does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.

Trustworthiness·7

Waterford Village provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Reviews from the web

Showing 8 highest rated

I hate moving, and I hate dealing with rental related issues. However, living here has been the most positive experience with apartment management and maintenance that I have ever had. Any place can update your appliances and provide amenities (both of which this complex also does), but it is hard to find rental management and maintenance that are this easy to work with. This is my first apartment where I don't dread putting in a maintenance request or contacting the office. From the day I called to ask about a vacancy, manager Jennell has been responsive, understanding, compassionate, reasonable, fair, and friendly. She treats all residents with the utmost respect, and ensures that you feel welcome to approach her. The maintenance staff members are also friendly and helpful, and speaking as a young woman I think it’s important to say that they have only ever made me feel safe and respected, which is a big question for many when finding a new place to live. The only reason I will not be renewing my lease again at the end of the year is due to a career move, but this is the only place I've lived where I would go back and live again, if the occasion arose. I always recommend it to people who I know are looking in the area.

Katie Johnson

Feb 17, 2022

By far the best experience I have ever had renting! Waterford Village has such an amazing, kind, and welcoming staff! The property has spectacular amenities, and is always well kept! Truly a great experience living here!

Karen Espinoza

Jan 28, 2023

When my daughter had to start school AND move to a new city in the first summer of the pandemic I straight up panicked. But then she found this apartment complex and sent photos and details (which EXACTLY matched what she moved into, a rare treat these days) and I felt as if my parent’s prayer had been answered. As we helped her move and in my many visits to the complex since, I have been constantly reassured as a parent and impressed as a former renter with what she gets for the remarkably reasonably priced rent she pays. The amenities are top notch — they even provide the doggy bags for those walking pets! And keep the doggie bag dispensers on every corner full! The dumpsters always have room for more, and maintenance staff goes above and beyond on helping tenants. This is a VERY dog friendly complex. While everyone takes their responsibility seriously and keeps the grounds immaculate, I have heard some random barking from surrounding apartments, but always briefly (they got a delivery, or momma came home) and never to the extent that it disrupts sleep or enjoying television. When you live among dogs, you expect them to bark sometimes and honestly, the complex feels that much safer with so many dogs protecting so many apartments. Some hang out on their little terrace and bark when another dog walks by on their leash, but I’ve never seen loose dogs, and the ones we greet are always pleasant and nonaggressive. It’s a dog lover’s paradise but if you expect total silence 24/7 from a rental complex, you might be better off in no-kids, no-dogs complex. Life is noisy sometimes. I love this place for that feeling of security of knowing someone is always nearby, and neighbors are very friendly in helping each other out, delivering misdirected packages by delivery people, taking care of each other. I usually sleep there when I visit and always sleep soundly, and feel safe going to my car in the middle of the night. We know the maintenance guys and the complex manager and all of them bend over backwards for all their tenants, no matter what. I am actually going to hate to see her leave this place when she graduates.

Tess Olten

Feb 20, 2022

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

Waterford Village is great for:

Pet owners

1 dog park within 1 mile
2 pet hospitals in the area
3 pet supply stores near the property
1 pet grooming service nearby

Property highlights

How Waterford Village compares to other nearby properties.

Positives

Less expensive: The 2-bedrooms are cheaper than other similar listings nearby
Middle school nearby: There is a middle school 1 mile away
Fireplace: Upgraded in-unit features
Images Available: There are at least 10 photos of this address
Package service: More secure storage for delivery
Walk-in closet: More closet space on average

Considerations

Grow a garden indoors: A balcony, backyard, or shared outdoor space isn't available

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Rent trends in Knoxville

If you decide to upgrade your space, you can expect 2-bedrooms at Waterford Village to be 40% more than the average for similarly sized apartments in Knoxville.

3-bedroom apartments at Waterford Village cost about 3% less than the average rent price for 3-bedroom apartments in Knoxville.

Median rents as of Oct 4 2025.

Knoxville

A table of studio rental data trends in Knoxville
Month	Median Rent
October 2023	$1,080
November 2023	$1,159
December 2023	$1,177
January 2024	$1,195
February 2024	$1,083
March 2024	$1,053
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	$1,180

Affordability calculator

Can I afford to live at 5201 Western Ave?

Bedrooms

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

$60,200/yr

With your selected rent-to-income ratio, you'd ideally want to make $60,200 annually to afford this 2-bedrooms monthly rent price of $1,505.

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

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