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from $7001 Bedroom Apartment Available Now
1527 Mechanicsville Tpke, Unit 3
1527 Mechanicsville TpkeRichmond, VA 23223
Cheap Apartments for Rent in the Oakwood Neighborhood of Richmond, VA from $500 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Richmond.
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Rent Specials
from $800Studio to 3 Bedroom Apartments Available Now
Attain Shockoe
1903 E Marshall StRichmond, VA 23223
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Rent Specials
from $832Studio to 2 Bedroom Apartments Available Now
New Manchester Flats
715 E 4th StRichmond, VA 23224
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Rent Specials
from $909Studio to 3 Bedroom Apartments Available Now
The Masonry
2001 E Franklin StRichmond, VA 23223
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from $9501 to 4 Bedroom Apartments Available Now
Jefferson Townhouses
1951 Venable StRichmond, VA 23223
925 N 20th St
RichmondVA23223
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from $9991 Bedroom Apartments Available Now
The Oliver
908 Oliver Hill WayRichmond, VA 23219
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from $1,0002 Bedroom Apartments Contact Us For Availability
Townsend Square
2153 Cool LnRichmond, VA 23223
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from $1,0051 to 2 Bedroom Apartments Contact Us For Availability
Honey Brook
3500 Kings DrRichmond, VA 23231
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from $1,0142 Bedroom Apartments Available Now
Pointe at River City
11 N Laburnum AveRichmond, VA 23223
927 N 20th St
RichmondVA23223
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from $1,0602 to 3 Bedroom Apartments Contact Us For Availability
Glenwood Ridge Apartments
3801 Glenwood AveRichmond, VA 23223
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Rent Specials
from $1,0851 Bedroom Apartments Available Jul 21
Smokehouse Lofts
110-114 S 15th StRichmond, VA 23219
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1 to 2 Bedroom Apartments
Carter Woods - 62 + Better Senior Community
301 Dabbs House RdRichmond, VA 23223
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1 to 2 Bedroom Apartments
Charming apartment in the heart of Richmond!
2000 Lamb AveRichmond, VA 23222
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Showing Results 1-40, Page 1 of 1
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 | $1,315 | $866 | $2,267 |
| Oakwood 1 Bedroom Apartments | $1,445 | $700 | $3,063 |
| Oakwood 2 Bedroom Apartments | $1,705 | $832 | $3,866 |
| Oakwood 3 Bedroom Apartments | $2,195 | $1,290 | $5,490 |
| Oakwood 4 Bedroom Apartments | $1,520 | $1,520 | $1,520 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Oakwood, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Oakwood Apartments for Rent
The cheapest available apartment rental in the Oakwood area of Richmond, VA is a 1 Bed unit found at Attain Shockoe priced from $800. New Manchester Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $832. Here are the most affordable Oakwood apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Attain Shockoe | 1 Bed / 1.0 Bath | 1BR,1BA | $800 |
| New Manchester Flats | The Bainbridge | 2BR,1BA | $832 |
| Charming apartment in the heart of Richmond! | 1BR/1.0BA | 1BR,1BA | $995 |
| The Oliver | The Virginia | 1BR,1BA | $999 |
| Pointe at River City | Gold | 2BR,1BA | $1,014 |
| The Masonry | Old Stone Row 1x1, Income Restricted | 1BR,1BA | $1,020 |
| Cedar Broad | A2b | 1BR,1BA | $1,045 |
| 1407 E Cary Street | 1 Beds, 1 Baths | 1BR,1BA | $1,099 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1,103 |
Best Value Apartments for Rent in Oakwood, VA
As of March 22, 2025 the best value apartment in the Oakwood area is the $1.25 price per square foot Three Bedroom, Three Bathroom Model at Cutters Ridge in the in the East neighborhood starting from $2,500. The second greatest value Oakwood apartment is the Canal 236 1 Bed Model at Lofts and Upper Lofts at Canal Walk starting at $1,223 with a $0.94 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Oakwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cutters Ridge | Three Bedroom, Three Bathroom | 3BR,3BA | $1.25 |
| Lofts and Upper Lofts at Canal Walk | Canal 236 1 Bed | 1BR,1BA | $0.94 |
| Flats at 25th | Altitude | 2BR,2BA | $1.44 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
| Charming apartment in the heart of Richmond! | 1BR/1.0BA | 1BR,1BA | $1.25 |
| Pointe at River City | Diamond | 2BR,1BA | $1.33 |
| Jefferson Townhouses | 2x1 | 2BR,1BA | $1.50 |
| 1407 E Cary Street | 1 Beds, 1 Baths | 1BR,1BA | $1.47 |
| New Manchester Flats | The Decatur | 1BR,1BA | $1.34 |
| 1527 Mechanicsville Tpke, Unit 3 | 1527 Mechanicsville Tpke | 1BR,1BA | $1.17 |
Quick Rent Budget Calculator
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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 LifestyleOakwood, Richmond, VA
Ranked #59
Among neighborhoods in Richmond, VA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Oakwood, Richmond, VA
Martin Luther King Jr. Middle
Richmond City Public Schools
Public School - Grades 6-8 (501)
2 out of 10
School data provided by Great Schools
Best Local Schools in Oakwood, Richmond, VA
Martin Luther King Jr. Middle
Richmond City Public Schools
Public School - Grades 6-8 (501)
2 out of 10
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Oakwood, Richmond, and the greater Richmond area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
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 a cheap apartment in Oakwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oakwood is under $1,103.
What is the price of a cheap apartment in Oakwood?
The cheapest apartment in Oakwood is Attain Shockoe which is listed at $800, while the average apartment in Oakwood costs $3,000.
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 6,134 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 $715 which is $2,285 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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.