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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 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Richmond.
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from $7661 to 2 Bedroom Apartments Available Now
New Manchester Flats
715 E 4th StRichmond, VA 23224
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from $1,0001 to 4 Bedroom Apartments Available Now
Jefferson Townhouses
1951 Venable StRichmond, 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
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from $1,038Studio to 3 Bedroom Apartments Available Now
Attain Shockoe
1903 E Marshall StRichmond, VA 23223
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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from $1,0421 to 3 Bedroom Apartments Available Now
American Tobacco Center
119-121 N 20th StRichmond, VA 23223
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from $1,0431 to 2 Bedroom Apartments Available Now
Shockoe Commons
1215 E Main StRichmond, VA 23219
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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from $1,0991 Bedroom Apartments Available Now
1407 E Cary Street
1407-1411 E Cary StRichmond, VA 23219
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from $1,0991 Bedroom Apartments Available Now
The Oliver
908 Oliver Hill WayRichmond, VA 23219
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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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1 to 2 Bedroom Apartments
Carter Woods - 62 + Better Senior Community
301 Dabbs House RdRichmond, VA 23223
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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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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.
Showing Results 1-36, 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 | $1,324 | $804 | $2,311 |
| Oakwood 1 Bedroom Apartments | $1,497 | $700 | $2,981 |
| Oakwood 2 Bedroom Apartments | $1,751 | $837 | $3,795 |
| Oakwood 3 Bedroom Apartments | $1,956 | $1,350 | $2,867 |
| Oakwood 4 Bedroom Apartments | $2,060 | $1,620 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 36 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
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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 New Manchester Flats priced from $766. Townsend Square has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,000. Here are the most affordable Oakwood apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| New Manchester Flats | The Decatur | 1BR,1BA | $766 |
| Townsend Square | Townhomes starting at $1000.00- Now Accepting A... | 2BR,1BA | $1,000 |
| Attain Shockoe | Elmwood | 1BR,1BA | $1,038 |
| Pointe at River City | Diamond | 2BR,1BA | $1,039 |
| Shockoe Commons | A2 | 1BR,1BA | $1,043 |
| The Oliver | The Chimborazo | 1BR,1BA | $1,099 |
| 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 |
| The Corner Lofts - 1321 E. Main St. | 1BR/1.0BA | 1BR,1BA | $1,122 |
Best Value Apartments for Rent in Oakwood, VA
As of May 15, 2025 the best value apartment in the Oakwood area is the $0.96 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 $1,252. The second greatest value Oakwood 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 Oakwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts and Upper Lofts at Canal Walk | Canal 236 1 Bed | 1BR,1BA | $0.96 |
| Raven Place | B1.1 | 2BR,2BA | $1.47 |
| Townsend Square | Townhomes starting at $1000.00- Now Accepting A... | 2BR,1BA | $0.87 |
| 1407 E Cary Street | 1 Beds, 1 Baths | 1BR,1BA | $1.11 |
| New Manchester Flats | The Stockton | 2BR,2.5BA | $1.53 |
| 1877 Lofts | 1BR/1.0BA | 1BR,1BA | $1.51 |
| Lawndale Farms | Two bedroom | 2BR,1BA | $1.40 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
| Pointe at River City | Diamond | 2BR,1BA | $1.33 |
| 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 #57
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
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 $1,122.
What is the price of a cheap apartment in Oakwood?
The cheapest apartment in Oakwood is New Manchester Flats which is listed at $766, 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 111 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 $569 which is $1,491 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
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.
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.
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.
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.