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Cheap Apartments for Rent in the Oakwood Neighborhood of Richmond, VA from $500 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Richmond.
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Rent Specials
$925 - $1,709Studio to 3 Bedroom Apartments Available Now
The Masonry Apartments
2001 E Franklin StRichmond, VA 23223
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$940 - $2,4691 to 3 Bedroom Apartments Available Now
American Tobacco Center
119-121 N 20th StRichmond, VA 23223
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$975 - $1,3001 to 2 Bedroom Apartments Contact Us For Availability
The Hill Building
114 Virginia StRichmond, VA 23219
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$979 - $1,6791 to 2 Bedroom Apartments Available Now
New Manchester Flats
715 E 4th StRichmond, VA 23224
2105 Phaup St
RichmondVA23223
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$1,000 - $1,6201 to 4 Bedroom Apartments Available Now
Jefferson Townhouses
1951 Venable StRichmond, VA 23223
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Rent Specials
$1,011 - $2,033Studio to 3 Bedroom Apartments Available Now
Attain Shockoe
1903 E Marshall StRichmond, VA 23223
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$1,024 - $1,3442 Bedroom Apartments Available Now
Pointe at River City
11 N Laburnum AveRichmond, VA 23223
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$1,025 - $1,5501 to 2 Bedroom Apartments Contact Us For Availability
Flats at 25th
2400 Fairmount AveRichmond, VA 23223
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927 N 20th St
RichmondVA23223
1816 E Franklin St
RichmondVA23223
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Rent Specials
$1,085 - $1,4091 to 2 Bedroom Apartments Available Now
The Mirage Manchester
1125 Commerce RdRichmond, VA 23224
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Rent Specials
$1,0851 Bedroom Apartments Available Now
The Oliver
908 Oliver Hill WayRichmond, VA 23219
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$1,099 - $2,3991 to 3 Bedroom Apartments Available Sep 16
The Shockoe Collection
104 Shockoe SlipRichmond, VA 23219
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1 to 2 Bedroom Apartments
Carter Woods - 62 + Better Senior Community
301 Dabbs House RdRichmond, VA 23223
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Studio to 2 Bedroom Apartments
Lofts and Upper Lofts at Canal Walk III
1901-1927 E Main StRichmond, VA 23223
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Showing Results 1-35, Page 1 of 1
Oakwood, Richmond, VA Local Guide
How much does it cost to rent an apartment in Oakwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakwood Studio Apartments | $1,243 | $864 | $2,005 |
| Oakwood 1 Bedroom Apartments | $1,455 | $925 | $2,400 |
| Oakwood 2 Bedroom Apartments | $1,649 | $999 | $3,199 |
| Oakwood 3 Bedroom Apartments | $2,026 | $1,395 | $3,759 |
| Oakwood 4 Bedroom Apartments | $3,784 | $1,620 | $5,949 |
Browse Apartments in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Oakwood, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
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Cheapest Available Oakwood Apartments for Rent
The cheapest available apartment rental in the Oakwood area of Richmond, VA is a Studio unit found at The Masonry Apartments priced from $925. New Manchester Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $979. Here are the most affordable Oakwood apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Masonry Apartments | Masonry TS-S1 | Studio,1BA | $925 |
| New Manchester Flats | The Decatur | 1BR,1BA | $979 |
| 1822 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $995 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
| Pointe at River City | Gold | 2BR,1BA | $1,054 |
| Attain Shockoe | Pocahontas | Studio,1BA | $1,055 |
| The Oliver | The Virginia | 1BR,1BA | $1,085 |
| The Mirage Manchester | The Sandman | 1BR,1BA | $1,085 |
| 1808 Williamsburg Rd | 1 Beds, 1 Baths | 1BR,1BA | $1,095 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1,103 |
Best Value Apartments for Rent in Oakwood, VA
As of September 13, 2025 the best value apartment in the Oakwood area is the $1.27 price per square foot Canal 236 2 Beds Model at Lofts and Upper Lofts at Canal Walk in the in the Downtown Richmond neighborhood starting from $1,650. The second greatest value Oakwood apartment is the B1.1 Model at Raven Place starting at $1,730 with a $1.47 price per square foot in the Downtown Richmond 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. |
|---|---|---|---|
| Lofts and Upper Lofts at Canal Walk | Canal 236 2 Beds | Studio ,1BA | $1.27 |
| Raven Place | B1.1 | 2BR,2BA | $1.47 |
| Consolidated | One Bedroom, One Bathroom | 1BR,1BA | $1.46 |
| New Manchester Flats | The Stockton | 2BR,2.5BA | $1.53 |
| Smokehouse Lofts | 2 Beds, 2 Baths | 2BR,2BA | $1.61 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
| 1822 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $1.24 |
| Pointe at River City | Diamond | 2BR,1BA | $1.40 |
| Flats at 14th | Studio | Studio ,1BA | $1.64 |
| The Lofts at Shiplock Watch | The Lofts at Shiplock Watch - 1BR x 1 Bath (144... | 1BR,1BA | $1.63 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleOakwood, Richmond, VA
Ranked #63
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Oakwood, Richmond, VA
Martin Luther King Jr. Middle
Richmond City Public Schools
Public School - Grades 6-8 (501)
3 out of 10
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Oakwood, Richmond, and the greater Richmond area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Oakwood Neighborhood in Richmond, VA
Walk Score®
30 / 100
Car-Dependent
Most errands require a car
Bike Score®
40 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
36 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,103.
What is the price of a cheap apartment in Oakwood?
The cheapest apartment in Oakwood is The Masonry Apartments which is listed at $925, while the average apartment in Oakwood costs $3,784.
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 165 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 $1,239 which is $2,545 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.
A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA
Written by: Richard Corrigan
Richmond is rightly considered one of the best places to live on the East Coast. We love Richmond’s rich history, phenomenal culinary scene, unique art and culture, and its next-level parks and green spaces.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.