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$800
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1 Bedroom Apartment Available NowTotal Monthly Price
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$800
Total Monthly Price
$800
1527 Mechanicsville Tpke, Unit 1
1527 Mechanicsville TpkeRichmond, VA 23223
Cheap Apartments for Rent in the Oakwood Neighborhood of Richmond, VA from $500 (105 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Richmond.
1927 Carrington St
RichmondVA23223
1925 Carrington St
RichmondVA23223
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$900 - $2,185
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$900 - $2,185
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$900 - $2,185
Lofts and Upper Lofts at Canal Walk III
10 S 20th StRichmond, VA 23223
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$926 - $2,335
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$926 - $2,335
Total Monthly Price
$926 - $2,335
Creighton Renaissance Apartments
3100 Purcell StRichmond, VA 23223
2105 Phaup St
RichmondVA23223
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$977 - $3,332
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$977 - $3,332
Total Monthly Price
$977 - $3,332
American Tobacco Collection
119-121 N 20th StRichmond, VA 23223
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$999 - $1,399
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowNew Manchester Flats
715 E 4th StRichmond, VA 23224
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$1,000 - $1,620
Plus Fees12 Month Lease Term
1 to 4 Bedroom Apartments Available NowJefferson Townhouses
1951 Venable StRichmond, VA 23223
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$1,016 - $1,690
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$925 - $1,599
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The Masonry Apartments
2001 E Franklin StRichmond, VA 23223
The Richmond Renter's Guide to Living Near Work
Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.
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$1,025 - $1,550
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Aug 27Flats at 25th
2400 Fairmount AveRichmond, VA 23223
927 N 20th St
RichmondVA23223
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$1,080
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
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$1,080
Total Monthly Price
$1,080
Townsend Square
2153 Cool LnRichmond, VA 23223
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$1,082 - $1,447
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1 to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$1,082 - $1,447
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Honey Brook
3500 Kings DrRichmond, VA 23231
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$1,099 - $1,499
Plus Fees
1 to 2 Bedroom Apartments Available NowRaven Place
1710 E Broad StRichmond, VA 23223
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$1,103 - $1,350
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available NowMallard Greens
2852 Fairfield AveRichmond, VA 23223
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$1,104 - $1,249
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2 Bedroom Apartments Available NowTotal Monthly Price
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$1,104 - $1,249
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Pointe at River City
11 N Laburnum AveRichmond, VA 23223
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$1,105 - $2,750
Plus Fees
1 to 3 Bedroom Apartments Available NowThe River Lofts at Tobacco Row
2 S 25th StRichmond, VA 23223
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$1,109 - $1,900
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available NowGlenwood Ridge Apartments
3801 Glenwood AveRichmond, VA 23223
3528 E Richmond Rd
RichmondVA23223
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,177
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowThe Oliver
908 Oliver Hill WayRichmond, VA 23219
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$1,177 - $1,409
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowThe Mirage Manchester
1125 Commerce RdRichmond, VA 23224
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$1,180 - $1,960
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Attain
1903 E Marshall StRichmond, VA 23223
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$1,195
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195
Total Monthly Price
$1,195
Smokehouse Lofts
110-114 S 15th StRichmond, VA 23219
615 N 32nd St
RichmondVA23223
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$1,199 - $2,049
Plus Fees
1 to 3 Bedroom Apartments Available NowShockoe Valley View
1904 Cedar StRichmond, VA 23223
604 N 32nd St
RichmondVA23223
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Rent Specials
$1,200
Plus Fees
2 Bedroom Apartments Available Sep 7Lawndale Farms
4901-5029 Millers LnRichmond, VA 23231
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$1,215
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowSpur Line Lofts
1021 E 4th StRichmond, VA 23224
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$1,225 - $1,334
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowFlats at 14th
10 S 14th StRichmond, VA 23219
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.
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$1,249 - $2,549
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,099 - $2,399
Required Monthly Fees
$150
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$1,249 - $2,549
The Shockoe Collection
104 Shockoe SlipRichmond, VA 23219
621 N 32nd St
RichmondVA23223
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$1,275 - $1,625
Plus Fees
1 to 2 Bedroom Apartments Available NowPoythress Apartments
16 N 22Nd StRichmond, VA 23223
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$1,286
Plus Fees
1 Bedroom Apartments Available Oct 6Cigar Lofts
331-333 Oliver Hill WayRichmond, VA 23219
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$1,288 - $1,705
Plus Fees
1 to 2 Bedroom Apartments Available NowSouth Bank
307 Stockton StRichmond, VA 23224
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$1,294 - $2,390
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,199 - $2,295
Required Monthly Fees
$95
Total Monthly Price
$1,294 - $2,390
The Hub Apartments
500 Maury StRichmond, VA 23224
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$1,295 - $1,595
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowThe Hill Building
114 Virginia StRichmond, VA 23219
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$1,310 - $3,203
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Watkins at Shockoe
117 S 14th StRichmond, VA 23219
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$1,310 - $5,659
Total Monthly Price
Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,300 - $5,649
Required Monthly Fees
$10
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$1,310 - $5,659
Pohlig Box Factory Apartments
2411 E Franklin StRichmond, VA 23223
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$1,312 - $1,512
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2 Bedroom Apartments Available NowTotal Monthly Price
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$1,312 - $1,512
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The Villas of Oakwood
3508 E Richmond RdRichmond, VA 23223
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan
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$1,316 - $3,239
Plus Fees
Studio to 2 Bedroom Apartments Available NowAtrium Lofts at Cold Storage
500 N 18th StRichmond, VA 23223
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$1,350 - $2,360
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,350 - $2,360
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$1,350 - $2,360
The Bakery
127 N 17th StRichmond, VA 23219
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$1,350 - $2,574
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,350 - $2,574
Total Monthly Price
$1,350 - $2,574
The Trail Lofts
12 S 17th StRichmond, VA 23219
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$1,350 - $1,775
Plus Fees
1 to 2 Bedroom Apartments Available Now1710 Lofts
1710 E Franklin StRichmond, VA 23223
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$1,386 - $2,576
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,315 - $2,505
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The Navigator
103 E 2nd StRichmond, VA 23224
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$1,3952 Bedroom Apartments Available Aug 21
509 N 35th St, Unit 13
509 N 35th StRichmond, VA 23223
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$1,395 - $1,995
Plus Fees
1 to 2 Bedroom Apartments Available NowMain2525
2525 E Main StRichmond, VA 23223
3503 E Marshall St
RichmondVA23223
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$1,400 - $1,981
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,400 - $1,981
Total Monthly Price
$1,400 - $1,981
Overview
1817 E Main StRichmond, VA 23223
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1 Bedroom Apartments
Shockoe Hill Senior Apartments 62 plus*
206-210 Hospital StRichmond, VA 23219
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $1,440 | $1,167 | $1,827 |
| Oakwood 1 Bedroom Apartments | $1,423 | $800 | $2,750 |
| Oakwood 2 Bedroom Apartments | $1,696 | $950 | $3,250 |
| Oakwood 3 Bedroom Apartments | $2,079 | $1,327 | $2,750 |
| Oakwood 4 Bedroom Apartments | $3,639 | $1,620 | $5,659 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 105 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 Lofts and Upper Lofts at Canal Walk III priced from $900. American Tobacco Collection has the second lowest priced unit, which is a 1 Bed apartment currently listed from $977. Here are the most affordable Oakwood apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lofts and Upper Lofts at Canal Walk III | Studio | Studio,1BA | $900 |
| American Tobacco Collection | Edge-A2 | 1BR,1BA | $977 |
| Creighton Renaissance Apartments | One Bedroom - B | 1BR,1BA | $981 |
| 1822 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $995 |
| New Manchester Flats | The Decatur | 1BR,1BA | $999 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 Studio | Studio,1BA | $1,059 |
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR,1BA | $1,080 |
| Raven Place | A3 | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Oakwood, VA
As of August 18, 2026 the best value apartment in the Oakwood area is the $0.94 price per square foot Townhomes starting at $1080.00- Now Accepting A... Model at Townsend Square in the in the Chestnut Hill neighborhood starting from $1,080. The second greatest value Oakwood apartment is the 1BR/1.0BA Model at Main2525 starting at $1,395 with a $1.29 price per square foot in the East 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. |
|---|---|---|---|
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR,1BA | $0.94 |
| Main2525 | 1BR/1.0BA | 1BR,1BA | $1.29 |
| Consolidated | CO-B One Bedroom, One Bathroom | 1BR,1BA | $1.42 |
| Glenwood Ridge Apartments | 2 bedroom | 2BR,2BA | $1.13 |
| Mallard Greens | Move In This June and Start Enjoying Your New H... | 3BR,1BA | $1.48 |
| 1822 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $1.24 |
| Pointe at River City | Diamond | 2BR,1BA | $1.55 |
| Creighton Renaissance Apartments | One Bedroom - B | 1BR,1BA | $1.26 |
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 Studio | Studio ,1BA | $1.51 |
| 1527 Mechanicsville Tpke, Unit 1 | 1527 Mechanicsville Tpke | 1BR,1BA | $1.33 |
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.
Read Article
The Ultimate Renter's Guide for Finding the Perfect Student Friendly Richmond Neighborhood to Rent
Learn about the best neighborhoods for student renters near Richmond Colleges and Universities by our Local Expert Richard Corrigan
Read ArticleReal 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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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 LifestyleOakwood, Richmond, VA
Ranked #80
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 School
Richmond City Public Schools
Public School - Grades 6-8 (500)
1 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!
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 $1,099.
What is the price of a cheap apartment in Oakwood?
The cheapest apartment in Oakwood is American Tobacco Collection which is listed at $977, while the average apartment in Oakwood costs $1,479.
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 92 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 $1,216 which is $263 cheaper than the average rent for all rentals in Oakwood.
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
Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Written by: Richard Corrigan
Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.
Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters
Written by: Richard Corrigan
Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.
A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA
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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.
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Rent According to Income: A Look at Income-Restricted Rentals
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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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.