Cheap Homes for Rent in Oakwood Neighborhood of Knoxville, TN from $800 (17 Rentals)

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

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.

property at 525 E Morelia Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Townhome for Rent

Available Now

525 E Morelia Ave

KnoxvilleTN37917
property at 1928 Vermont Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Soon

1928 Vermont Ave

KnoxvilleTN37921

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

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 ListingModel NameBed/BathPriced From
Windsor Court ApartmentsEdinboroStudio,1BA$879
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$945
North Hills ApartmentsThe Peak1BR,1BA$995
Canyon & Knox LandingKnox S1-D1BR,1BA$999
The Park at Fountain CityA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Emporium Lofts2-bedroom2BR,1BA$1.32
Summercrest Apartments3x23BR,2BA$1.33
Kinley LoftsB32BR,1.5BA$1.55
Liberty View ApartmentsLiberty View Apartments | $500 MOVE IN SPECIAL2BR,1BA$1.20
Cassell Ridge2 Bedroom 2 Bathroom2BR,2BA$1.24
Golf View Apartments2-bedroom2BR,1BA$1.50
The Peaks of Knoxville Apartments2x1-60%2BR,1BA$1.57
North Hills ApartmentsThe Peak1BR,1BA$1.33
The Park at Fountain CityA11BR,1BA$1.45
Forestdale Village1BD/1BA1BR,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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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 #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 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

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.

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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.

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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.

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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.