
Cheap Homes for Rent in Oakwood Neighborhood of Knoxville, TN from $800 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Oakwood area of Knoxville.


4308 Bounds Rd NW

302 Olive St, Unit 202

706 Chickamauga Ave

1901 E 5th Ave, Unit 2
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

525 E Morelia Ave

1928 Vermont Ave

312 Watauga Ave

3300-3374 Valley View Dr NE

2303 Parkview Ave
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.

306 E Burwell Ave

1602 Washington Pike

1619 Washington Ave

1900 Edgewood Ave

908 Micro Way
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.

4703 Scepter Way

1208 Minnesota Ave
Oakwood, Knoxville, TN Local Guide

How much does it cost to rent a home in Oakwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakwood 2 Bedroom Homes for Rent | $1,670 | $1,200 | $3,600 |
| Oakwood 3 Bedroom Homes for Rent | $1,993 | $1,500 | $2,650 |
| Oakwood 4 Bedroom Homes for Rent | $2,208 | $1,795 | $2,850 |
| Oakwood 5 Bedroom Homes for Rent | $2,897 | $2,795 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Knoxville, TN.
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Oakwood, Knoxville, TN Local Guide
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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 Apartments priced from $879. Morningside Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here are the most affordable Oakwood apartments for rent in Knoxville, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windsor Court Apartments | Edinboro | Studio,1BA | $879 |
| Morningside Gardens Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $945 |
| North Hills Apartments | The Peak | 1BR,1BA | $995 |
| Canyon & Knox Landing | Knox S1-D | 1BR,1BA | $999 |
| The Park at Fountain City | A1 | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Oakwood, TN
As of April 15, 2026 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 Model at Summercrest Apartments starting at $1,439 with a $1.33 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 |
| Summercrest Apartments | 3x2 | 3BR,2BA | $1.33 |
| Kinley Lofts | B3 | 2BR,1.5BA | $1.55 |
| Liberty View Apartments | Liberty View Apartments | $500 MOVE IN SPECIAL | 2BR,1BA | $1.20 |
| Cassell Ridge | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.24 |
| Golf View Apartments | 2-bedroom | 2BR,1BA | $1.50 |
| The Peaks of Knoxville Apartments | 2x1-60% | 2BR,1BA | $1.57 |
| North Hills Apartments | The Peak | 1BR,1BA | $1.33 |
| The Park at Fountain City | A1 | 1BR,1BA | $1.45 |
| Forestdale Village | 1BD/1BA | 1BR,1BA | $1.47 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleKnoxville's College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting
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Read ArticleQuick 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 #22
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Oakwood
What type of rentals are currently available in Oakwood?
There are currently 205 Apartments for Rent in Oakwood, TN with pricing that ranges from $795 to $4,213. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $890 to $3,600.
What is the current price range for Rental Homes in Oakwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Oakwood ranges from $890 to $3,600 with an average monthly rent of $1,950.
How much are larger Three and Four Bedroom Rentals in Oakwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Oakwood range from $1,154 to $3,425, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,650. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,574.
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.
Articles, How-To's, and Tips

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.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.