Cheap Apartments for Rent in the Oak Grove Neighborhood of Richmond, VA from $500 (60 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oak Grove area of Richmond.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Lafayette Gardens
2 to 3 Bedroom Apartments

Lafayette Gardens

2219 Ruffin RdRichmond, VA 23234
  • Utilities Included
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Shockoe Center
1 to 2 Bedroom Apartments

Shockoe Center

1900 E Franklin StRichmond, VA 23223
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
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1000 Porter St
Studio to 3 Bedroom Apartments

1000 Porter St

1000 Porter StRichmond, VA 23224
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The Dill Building
1 to 2 Bedroom Apartments

The Dill Building

2020 E Franklin StRichmond, VA 23223
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1200 SEMMES Apartments
Studio to 2 Bedroom Apartments

1200 SEMMES Apartments

1200 Semmes AveRichmond, VA 23224
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The Hill Building
1 to 2 Bedroom Apartments

The Hill Building

114 Virginia StRichmond, VA 23219
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1209-1211 E Main StRichmond, VA 23223
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City View Place
2 Bedroom Apartments

City View Place

1000 Bainbridge StRichmond, VA 23224
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Old Stone Row
1 to 2 Bedroom Apartments

Old Stone Row

2001 E Franklin StRichmond, VA 23223
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Southgate
1 to 3 Bedroom Apartments

Southgate

3430-3456 Maury StRichmond, VA 23224
Showing Results 1-50, Page 1 of 2

Oak Grove, Richmond, VA Local Guide

Cheapest Available Oak Grove Apartments for Rent

 

The cheapest available apartment rental in the Oak Grove area of Richmond, VA is a 1 Bed unit found at New Manchester Flats priced from $766. Kingly Ones and Briarwood Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Oak Grove apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Decatur1BR,1BA$766
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Park Vue1 Bedroom and 1 Bath - 687 Sq.Ft1BR,1BA$943
Miller Lofts @ Plant Zero1 Bedroom 1 Bath1BR,1BA$950
Deering ManorAcorn2BR,1BA$960
Dogtown Apartments1 Bedroom Standard1BR,1BA$999
Belle SummitRainer2BR,2BA$1,020
Attain ShockoeElmwood1BR,1BA$1,038
Shockoe CommonsA21BR,1BA$1,043

Best Value Apartments for Rent in Oak Grove, VA

As of May 18, 2025 the best value apartment in the Oak Grove area is the $0.95 price per square foot Canal 236 1 Bed Model at Lofts and Upper Lofts at Canal Walk in the in the Downtown Richmond neighborhood starting from $1,239. The second greatest value Oak Grove apartment is the B1.1 Model at Raven Place starting at $1,730 with a $1.47 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Oak Grove apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts and Upper Lofts at Canal WalkCanal 236 1 Bed1BR,1BA$0.95
Raven PlaceB1.12BR,2BA$1.47
Townhouses of Chesterfield IIWood II2BR,1.5BA$1.08
Venus At Manchester Apartments2 -Bedroom, 2-Bath2BR,2BA$1.20
The HudsonThe Everett2BR,1BA$1.29
1407 E Cary Street1 Beds, 1 Baths1BR,1BA$1.11
City View Place2 Bedroom Unit2BR,1.5BA$1.14
Belle SummitRainer2BR,2BA$1.21
Graystone Place ApartmentsBirch2BR,1BA$1.47
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$1.38

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Oak Grove, Richmond, VA

Ranked #29

Among neighborhoods in Richmond, VA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Richmond. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Oak Grove Neighborhood in Richmond, VA

Walk Score®

33 / 100

Car-Dependent

Most errands require a car

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Oak Grove Apartments

What is a cheap apartment in Oak Grove?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oak Grove is under $1,043.

What is the price of a cheap apartment in Oak Grove?

The cheapest apartment in Oak Grove is New Manchester Flats which is listed at $766, while the average apartment in Oak Grove costs $2,360.

What types of apartments are the cheapest in Oak Grove?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 136 regular apartments in Oak Grove that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Oak Grove?

Cheap apartments in Oak Grove have an average cost of $273 which is $2,087 cheaper than the average rent for all rentals in Oak Grove.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA

Written by: Richard Corrigan

Richmond is rightly considered one of the best places to live on the East Coast. We love Richmond’s rich history, phenomenal culinary scene, unique art and culture, and its next-level parks and green spaces.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.