
Cheap Apartments for Rent in the Oakwood Neighborhood of Richmond, VA from $500 (36 Rentals)
Cheap Apartments in the Oakwood area of Richmond.


New Manchester Flats

Attain Shockoe

The Masonry

Jefferson Townhouses

Honey Brook

Pointe at River City
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.

927 N 20th St

Glenwood Ridge Apartments

1407 E Cary Street

The Oliver
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.

Carter Woods - 62 + Better Senior Community
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 | $1,371 | $804 | $2,289 |
Oakwood 1 Bedroom Apartments | $1,477 | $700 | $3,121 |
Oakwood 2 Bedroom Apartments | $1,730 | $832 | $3,795 |
Oakwood 3 Bedroom Apartments | $2,049 | $1,395 | $2,867 |
Oakwood 4 Bedroom Apartments | $1,620 | $1,620 | $1,620 |
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.
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Oakwood, Richmond, VA Local Guide
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Cheapest Available Oakwood Apartments for Rent
 The cheapest available apartment rental in the Oakwood area of Richmond, VA is a 2 Beds unit found at New Manchester Flats priced from $832. Attain Shockoe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Oakwood apartments for rent in Richmond, VA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
New Manchester Flats | The Maury | 2BR,2BA | $832 |
Attain Shockoe | Bellevue | 1BR,1BA | $895 |
Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
Townsend Square | Townhomes starting at $1000.00- Now Accepting A... | 2BR,1BA | $1,000 |
Pointe at River City | Silver | 2BR,1BA | $1,014 |
The Masonry | Old Stone Row 1x1, Income Restricted | 1BR,1BA | $1,020 |
The Oliver | The Belle | 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 |
Best Value Apartments for Rent in Oakwood, VA
As of May 01, 2025 the best value apartment in the Oakwood area is the $0.94 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 $1,227. 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 | $0.94 |
Raven Place | B1.1 | 2BR,2BA | $1.47 |
Townsend Square | Townhomes starting at $1000.00- Now Accepting A... | 2BR,1BA | $0.87 |
Lofts and Upper Lofts at Canal Walk III | One Bedroom | 1BR,1BA | $1.23 |
1407 E Cary Street | 1 Beds, 1 Baths | 1BR,1BA | $1.11 |
Atrium Lofts at Cold Storage | One Bedroom | 1BR,1BA | $1.36 |
1877 Lofts | 1BR/1.0BA | 1BR,1BA | $1.51 |
Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
Pointe at River City | Diamond | 2BR,1BA | $1.39 |
1527 Mechanicsville Tpke, Unit 3 | 1527 Mechanicsville Tpke | 1BR,1BA | $1.17 |
Quick Rent Budget Calculator
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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
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
How much is rent for a Cheap One Bedroom Oakwood Apartment?
The lowest price for a Cheap One Bedroom Oakwood Apartment is $895 at Attain Shockoe.
What is the lowest price for a Cheap Two Bedroom Oakwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Oakwood is starting from $832 at New Manchester Flats.
What is the most affordable Oakwood Three Bedroom Apartment?
The best deal on a cheap Oakwood Three Bedroom Apartment rental is at Jefferson Townhouses and starts from $1,395.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.