Cheap Apartments for Rent in the Oakwood Neighborhood of Knoxville, TN from $450 (57 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oakwood area of Knoxville.

Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee

Discover why Knoxville, Tennessee is one of the South's best places to rent. Explore top neighborhoods, universities, restaurants, and everything the city has to offer.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Westview Apartments
1 Bedroom Apartments

Westview Apartments

3212 Joyce AveKnoxville, TN 37921
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2601-2609 Bridalwood Dr
2 Bedroom Apartments

2601-2609 Bridalwood Dr

2601-2609 Bridalwood DrKnoxville, TN 37917
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Whittle Springs
1 to 2 Bedroom Apartments

Whittle Springs

4415 Whittle Springs RdKnoxville, TN 37917
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Knoxville Living: Mapping Your Next Apartment Near the City's Biggest Businesses

Looking for a rental in Knoxville? Our guide breaks down 20+ neighborhoods with affordable housing, great schools, and easy access to job opportunities across Knox County.

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4308 Bounds Rd
1 Bedroom Apartments

4308 Bounds Rd

4308 Bounds RdKnoxville, TN 37912
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Meadowbrook Apartments
2 to 3 Bedroom Apartments

Meadowbrook Apartments

3610 Lyons WayKnoxville, TN 37917
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1701-1705 Hutchinson
1 to 2 Bedroom Apartments

1701-1705 Hutchinson

1701-1705 Hutchison AveKnoxville, TN 37917
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Rand Holly Berry
1 Bedroom Apartments

Rand Holly Berry

916 E Inskip DrKnoxville, TN 37912
  • Utilities Included

Knoxville's Best Affordable Neighborhoods

Learn about Knoxville and the best places to live with original content written by our Local Expert Wendy Melton

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Rand Sylvia
1 to 2 Bedroom Apartments

Rand Sylvia

160 Sylvia DrKnoxville, TN 37912
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The Flats at The View
1 to 2 Bedroom Apartments

The Flats at The View

2809 Valley View DrKnoxville, TN 37917
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The Flats at The Pike
1 to 2 Bedroom Apartments

The Flats at The Pike

1501 Washington PikeKnoxville, TN 37917
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Sterchi's Lofts
Studio to 4 Bedroom Apartments

Sterchi's Lofts

116 S Gay StKnoxville, TN 37902
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Oakwood, Knoxville, TN Local Guide

Cheapest Available Oakwood Apartments for Rent

 

The cheapest available apartment rental in the Oakwood area of Knoxville, TN is a Studio unit found at Canyon and Knox Landing Apartments priced from $849. Windsor Court Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $870. Here are the most affordable Oakwood apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
Canyon and Knox Landing ApartmentsKnox S1Studio,1BA$849
Windsor Court ApartmentsEdinboroStudio,1BA$870
Oakview Apartments1-bedroom1BR,1BA$920
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$945
1701-1705 Hutchinson1 Bedroom, 1 Bathroom1BR,1BA$985
Forestdale Village1BD/1BA1BR,1BA$1,000
Overlook at Beaumont Western 1 LP1 Bedroom - Affordable1BR,1BA$1,027
The Park at Fountain CityA11BR,1BA$1,040
Rocky View Apartment Homes1B1BR,1BA$1,195
Castle Terrace Apartments1BR/1.0BA1BR,1BA$1,199

Best Value Apartments for Rent in Oakwood, TN

As of August 29, 2026 the best value apartment in the Oakwood area is the $1.24 price per square foot 3br-60% Model at Central Terrace in the in the West Knoxville neighborhood starting from $1,443. The second greatest value Oakwood apartment is the Liberty View Apartments Model at Liberty View Apartments starting at $1,349 with a $1.35 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Central Terrace3br-60%3BR,2BA$1.24
Liberty View ApartmentsLiberty View Apartments2BR,1BA$1.35
Cassell Ridge2 Bedroom 2 Bathroom2BR,2BA$1.30
Castle Terrace Apartments1BR/1.0BA1BR,1BA$1.26
205 E Springdale Ave, Unit 205205 E Springdale Ave2BR,1BA$1.47
Kinley LoftsA21BR,1BA$1.45
Golf View Apartments2-bedroom2BR,1BA$1.50
The Park at Fountain CityA11BR,1BA$1.51
Forestdale Village1BD/1BA1BR,1BA$1.47
Oakview Apartments1-bedroom1BR,1BA$1.42

Knoxville's College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting

Searching for student housing in Knoxville? Discover affordable rentals in neighborhoods near top colleges in Knoxville, TN.

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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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 Lifestyle
Oakwood, Knoxville, TN

Ranked #22

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $1,199.

What is the price of a cheap apartment in Oakwood?

The cheapest apartment in Oakwood is Oakview Apartments which is listed at $920, while the average apartment in Oakwood costs $1,395.

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 81 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 $778 which is $617 cheaper than the average rent for all rentals in Oakwood.

Expert Rental Resources

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.

Helpful Local Expert Guides

decorative image for Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee article

Welcome to Knoxville: A Local Expert's Guide to Renting in the Heart of Tennessee

Written by: Wendy Melton

Knoxville, Tennessee, is a jewel in the heart of the South. Many travelers who pass through often return again and again because of the hospitality and friendliness of local residents.

decorative image for Knoxville Living: Mapping Your Next Apartment Near the Citys Biggest Businesses article

Knoxville Living: Mapping Your Next Apartment Near the Citys Biggest Businesses

Written by: Wendy Melton

With a population of over 190,000, Knoxville, Tennessee, is the third-largest city in the state. It sits adjacent to the Tennessee River.

decorative image for Knoxvilles College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting article

Knoxvilles College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting

Written by: Wendy Melton

Knoxville, Tennessee, is located in the heart of the Great Smoky Mountains. The quiet calm of the mountains is the perfect place for college students to study and focus on their education.

decorative image for An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN article

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.