
Cheap 1 Bedroom Apartments for Rent in the Oakwood Neighborhood of Richmond, VA from $700 (27 Rentals)


New Manchester Flats

Honey Brook

The Masonry
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.

Attain Shockoe

American Tobacco Center

Shockoe Commons

927 N 20th St

1407 E Cary Street

The Oliver
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Carter Woods - 62 + Better Senior Community
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Oakwood, Richmond, VA Local Guide

How much does it cost to rent an apartment in Oakwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Oakwood Studio Apartments | $1,285 | $804 | $2,311 |
Oakwood 1 Bedroom Apartments | $1,490 | $700 | $3,059 |
Oakwood 2 Bedroom Apartments | $1,720 | $837 | $3,795 |
Oakwood 3 Bedroom Apartments | $2,053 | $1,395 | $2,867 |
Oakwood 4 Bedroom Apartments | $2,060 | $1,620 | $2,500 |
Explore Richmond
Oakwood, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
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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.
Getting Around the Oakwood Neighborhood in Richmond, VA
Walk Score®
30 / 100
Car-Dependent
Most errands require a car
Bike Score®
40 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
36 / 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 Oakwood Apartments
What is the price of a cheap apartment in Oakwood?
The cheapest apartment in Oakwood is New Manchester Flats which is listed at $979, while the average apartment in Oakwood costs $2,060.
What types of apartments are the cheapest in Oakwood?
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 133 regular apartments in Oakwood 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 Oakwood?
Cheap apartments in Oakwood have an average cost of $528 which is $1,532 cheaper than the average rent for all rentals in Oakwood.
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.

A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA
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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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Written by: Sandy Baker
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