
Cheap Apartments for Rent in the Oakwood Neighborhood of Knoxville, TN from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Knoxville.


Windsor Court

Morningside Gardens Apartments

North Hills Apartments
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Canyon & Knox Landing

4510 Hutton Rd
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Oakwood, Knoxville, TN Local Guide

How much does it cost to rent an apartment in Oakwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Oakwood Studio Apartments | $1,377 | $921 | $1,904 |
Oakwood 1 Bedroom Apartments | $1,373 | $945 | $3,349 |
Oakwood 2 Bedroom Apartments | $1,595 | $1,050 | $5,199 |
Oakwood 3 Bedroom Apartments | $1,752 | $799 | $4,050 |
Oakwood 4 Bedroom Apartments | $1,947 | $1,595 | $2,367 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Knoxville, TN.
See all Apartments in KnoxvilleExplore Knoxville
Oakwood, Knoxville, TN Local Guide
- Nearby Knoxville 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 Knoxville, TN is a 3 Beds unit found at The Landings priced from $799. Forestdale Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Oakwood apartments for rent in Knoxville, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Landings | The Tennessee- Limited Availability | 3BR,2BA | $799 |
Forestdale Village | 1BD/1BA | 1BR,1BA | $900 |
Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $935 |
Oakview Apartments | 1-bedroom | 1BR,1BA | $960 |
Canyon & Knox Landing | Knox S1-D | Studio,1BA | $999 |
Best Value Apartments for Rent in Oakwood, TN
As of September 22, 2025 the best value apartment in the Oakwood area is the $1.32 price per square foot 2-bedroom Model at Emporium Lofts in the in the West Knoxville neighborhood starting from $1,900. The second greatest value Oakwood apartment is the 3x2-60% Model at The Peaks of Knoxville Apartments starting at $1,435 with a $1.30 price per square foot in the West Knoxville 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. |
---|---|---|---|
Emporium Lofts | 2-bedroom | 2BR,1BA | $1.32 |
The Peaks of Knoxville Apartments | 3x2-60% | 3BR,2BA | $1.30 |
Castle Terrace Apartments | 2BR/1.0BA | 2BR,1BA | $1.32 |
Liberty View Apartments | Liberty View Apartments | 2BR,1BA | $1.40 |
First Creek at Austin | 2 BR | 2BR,1BA | $1.48 |
Summercrest Apartments | 2x1 | 2BR,1BA | $1.42 |
Golf View Apartments | 2-bedroom | 2BR,1BA | $1.50 |
North Hills Apartments | The Peak | 1BR,1BA | $1.50 |
Forestdale Village | 1BD/1BA | 1BR,1BA | $1.32 |
Oakview Apartments | 1-bedroom | 1BR,1BA | $1.48 |
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.
Pet Friendly LifestyleOakwood, Knoxville, TN
Ranked #27
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Oakwood Neighborhood in Knoxville, TN
Walk Score®
66 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
48 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
33 / 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 $1,150.
What is the price of a cheap apartment in Oakwood?
The cheapest apartment in Oakwood is Forestdale Village which is listed at $900, while the average apartment in Oakwood costs $2,726.
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 64 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 $838 which is $1,888 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.

An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN
Written by: Wendy Melton
Knoxville is considered to be a jewel of the south. It is the largest city in the eastern half of Tennessee and home to the main campus of the University of Tennessee.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.