Officials at the Knox County Police Department said two men entered a home on Crabtree road at 4:00 and allegedly started to look for something.
They said there were two men staying in the rented home at the time and one allegedly ran out the back door to call for help.
Police said the other man was confronted by the two men who allegedly had a gun and demanded money.
After one shot was fired through the floor, the two unidentified men left in a truck.
Police believe this was a target-specific incident and the public is not threatened.
Both of the victims are assisting with the investigation as it continues.