Monthly rent

$1,395

Beds

Baths

Sqft

600

Monthly rent	$1,395
Beds	1
Baths	1
Sqft	600

5+ Days Ago

Highlights

In-unit laundry
City views
Exclusive amenities
Modern design
Ample storage
Rooftop patio

Location

116 S Gay St #501, Knoxville, TN 37902, USA

Tour 116 S Gay St #501

Contact

Mike Yarbrough

Asset Realty Management

(844) 329-3493 ext. 6658

Amenities for 116 S Gay St #501

Apartment Amenities

Central Air

Electric Heating

Appliances

Dishwasher

In-Unit Laundry

Building

Exterior Type: Brick	Fitness Center
Onsite Laundry

Grounds

Outdoor Space

Storage

Services

Concierge Service	On-Site Management
Package Service

Other

Architecture Style: High Rise

Three Rooms

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

About 116 S Gay St #501

Home

Houses in Knoxville

116 S Gay St #501, Knoxville, TN 37902, USA

Property Status: Pending If you love being downtown, then Sterchi Lofts is for you! This is the ultimate downtown Knoxville location. Nestled between the vibrant Old City and bustling Market Square, this prime spot puts you just steps away from incredible dining, entertainment, shopping, and cultural experiences. Unit 501 offers a blend of industrial charm and modern design. This unit features a layout with clearly defined living and sleeping areas, in-unit laundry for convenience, and ample storage, including an expanded closet space and extra pantry/storage. Residents enjoy exclusive amenities such as a fully equipped fitness room and a rooftop patio with city views - the perfect spot to unwind or entertain. This would be ideal for UT students, faculty, second-home seekers, or anyone ready to embrace the downtown lifestyle. Sterchi Lofts is just a 5-minute walk to Knoxville's exciting new multi-use stadium, home to professional baseball, soccer, and year-round live entertainment events. Sorry no pets. Please visit www armtn com for more details under the applicant information tab regarding rental requirements. To schedule a viewing of the property, please call our office at 865-247-0027 or use our automated system at 865-999-0356. Professionally managed by Asset Realty Management, Inc. All Asset Realty Management residents are enrolled in the $55/month Resident Benefits Package (RBP), which includes liability insurance, credit building, identity theft protection, air filter delivery (where applicable), move-in concierge, pest control, and more. Details available upon application Office Phone: (865) 247-0027 Copyright © 2025 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Source: KAARMLSTN|MLS Listing No. 1307293

Go to property website

Zip code

37902

Type

House for rent

Rent trends in Knoxville

1-bedroom apartments at 116 S Gay St #501 cost about 26% more than the average rent price for 1-bedroom apartments in Knoxville.

Median rents as of Aug 30 2025.

Knoxville

A table of 1-bedroom apartment rental data trends in Knoxville
Month	Median Rent
September 2023	$1,396
October 2023	$1,394
November 2023	$1,358
December 2023	$1,324
January 2024	$1,364
February 2024	$1,328
March 2024	$1,320
April 2024	$1,323
May 2024	$1,380
June 2024	$1,377
July 2024	$1,402
August 2024	$1,408
September 2024	$1,359
October 2024	$1,368
November 2024	$1,378
December 2024	$1,349
January 2025	$1,310
February 2025	$1,284
March 2025	$1,242
April 2025	$1,208
May 2025	$1,199
June 2025	$1,216
July 2025	$1,189
August 2025	$1,131

Affordability calculator

Can I afford to live at 116 S Gay St #501?

Bedrooms

1 bedroom

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

$55,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $55,800 annually to afford this 1-bedroom monthly rent price of $1,395.

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

Schools near 116 S Gay St #501

Points of interest for 116 S Gay St #501, 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

116 S Gay St #501116 S Gay St #501, Knoxville, TN 37902, USA

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Schools near 116 S Gay St #501

Ft. Sanders Education Development Center

Fair Garden Family Community Center

Sequoyah Elementary School

Knox Adaptive Education Center

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116 S Gay St #501
116 S Gay St #501, Knoxville, TN 37902, USA