Cheap Apartments for Rent in the Oakwood Neighborhood of Knoxville, TN from $400 (26 Rentals)

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

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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Meadowbrook Apartments
2 to 3 Bedroom Apartments

Meadowbrook Apartments

3610 Lyons WayKnoxville, TN 37917
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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.

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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Rand Holly Berry
1 Bedroom Apartments

Rand Holly Berry

916 E Inskip DrKnoxville, TN 37912
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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 Pike
2 Bedroom Apartments

The Flats at The Pike

1501 Washington PikeKnoxville, TN 37917
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The Flats at The View
2 Bedroom Apartments

The Flats at The View

2809 Valley View DrKnoxville, TN 37917
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116 S Gay St
Studio to 4 Bedroom Apartments

116 S Gay St

116 S Gay StKnoxville, TN 37902
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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 Windsor Court priced from $871. 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 ListingModel NameBed/BathPriced From
Windsor CourtEdinboroStudio,1BA$871
Forestdale Village1BD/1BA1BR,1BA$900
Oakview Apartments1-bedroom1BR,1BA$935
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$935
North Hills ApartmentsThe Glen1BR,1BA$975
Golf View Apartments2-bedroom2BR,1BA$1,000
The Flats at The Pike2 Beds, 1 bath2BR,1BA$1,075
The Park at Fountain CityA11BR,1BA$1,150
Castle Terrace Apartments1BR/1.0BA1BR,1BA$1,190
Rand at Sharps RidgeSharps Ridge 2 Bed2BR,1BA$1,195

Best Value Apartments for Rent in Oakwood, TN

As of June 23, 2025 the best value apartment in the Oakwood area is the $1.33 price per square foot 3x2 Model at Summercrest Apartments in the in the West Knoxville neighborhood starting from $1,435. The second greatest value Oakwood apartment is the 2B Model at Rocky View Apartments starting at $1,395 with a $1.38 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.
Summercrest Apartments3x23BR,2BA$1.33
Rocky View Apartments2B2BR,2BA$1.38
Liberty View ApartmentsLiberty View Apartments2BR,1BA$1.40
Golf View Apartments2-bedroom2BR,1BA$1.00
Williamsburg Village2 Bed 1 Bath with washer/dryer2BR,1BA$1.20
Castle Terrace Apartments1BR/1.0BA1BR,1BA$1.25
Rand at Sharps RidgeSharps Ridge 2 Bed2BR,1BA$1.41
The Flats at The Pike2 Beds, 1 bath2BR,1BA$1.34
Forestdale Village1BD/1BA1BR,1BA$1.32
Oakview Apartments1-bedroom1BR,1BA$1.44

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.

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Pet Friendly Lifestyle
Oakwood, Knoxville, TN

Ranked #18

Among neighborhoods in Knoxville, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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 $1,195.

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 $2,724.

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 75 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 $1,159 which is $1,565 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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.