Knoxville\u2019s multifamily market registered a tepid start to 2026. Advertised asking rents decreased 0.4%, on a trailing three-month basis, to $1,470 in February, while year-over-year rates fell 0.9%, lagging the national average which ticked up 0.1%, as noted in the national multifamily market report<\/strong><\/a>. The occupancy rate in stabilized properties decreased 70 basis points to 94.9%, staying above the 94.3% U.S. average.<\/p>\n