Cheap Homes for Rent in the Oakwood Neighborhood of Knoxville, TN from $900 (11 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 1201 N Central St

$1,200 - $1,850

Studio To 2 Bedroom Rentals

Available Now

1201 N Central St

KnoxvilleTN37917
property at 2716 Carson Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

2716 Carson Ave

KnoxvilleTN37917

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.

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 1 Bed unit found at 4308 Bounds Rd priced from $850. North Hills Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Oakwood apartments for rent in Knoxville, TN:

Apartment ListingModel NameBed/BathPriced From
4308 Bounds RdApt H1BR,1BA$850
North Hills ApartmentsThe Glen1BR,1BA$875
Canyon and Knox Landing ApartmentsKnox S1Studio,1BA$879
Oakview Apartments1-bedroom1BR,1BA$920
Morningside Gardens Apartments1 Bedroom 1 Bathroom1BR,1BA$945

Best Value Apartments for Rent in Oakwood, TN

As of July 15, 2026 the best value apartment in the Oakwood area is the $1.33 price per square foot 1422 Coker Ave Model at 1422 Coker Ave, Unit Apt 2 in the in the West Knoxville neighborhood starting from $1,500. The second greatest value Oakwood apartment is the B3 Model at Kinley Lofts starting at $1,395 with a $1.40 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.
1422 Coker Ave, Unit Apt 21422 Coker Ave1BR,1BA$1.33
Kinley LoftsB32BR,1.5BA$1.40
Liberty View ApartmentsLiberty View Apartments2BR,1BA$1.35
Williamsburg Village2 Bed 1 Bath with washer/dryer2BR,1BA$1.20
Cassell Ridge2 Bedroom 2 Bathroom2BR,2BA$1.21
205 E Springdale Ave, Unit 205205 E Springdale Ave2BR,1BA$1.47
North Hills ApartmentsThe Peak1BR,1BA$1.33
Forestdale Village1BD/1BA1BR,1BA$1.47
Oakview Apartments1-bedroom1BR,1BA$1.42
4308 Bounds RdApt H1BR,1BA$1.44

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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Quick Rent Budget Calculator

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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 #21

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 $800 to $4,213. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $925 to $3,450.

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 $925 to $3,450 with an average monthly rent of $1,920.

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 $899 to $3,870, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,295. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $1,683.

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

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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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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.

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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.

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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.

Articles, How-To's, and Tips

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.