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$702 - $1,6791 to 2 Bedroom Apartments Available Now
New Manchester Flats
715 E 4th StRichmond, VA 23224
Cheap Apartments for Rent in the Oakwood Neighborhood of Richmond, VA from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Richmond.
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Rent Specials
$829 - $2,065Studio to 2 Bedroom Apartments Available Now
2001 East
2001 E Broad StRichmond, VA 23223
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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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$1,000 - $1,5501 to 2 Bedroom Apartments Available Now
Flats at 25th
2400 Fairmount AveRichmond, VA 23223
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$1,014 - $1,1842 Bedroom Apartments Available Now
Pointe at River City
11 N Laburnum AveRichmond, VA 23223
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.
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$1,035 - $1,475Studio to 1 Bedroom Apartments Available Now
Lava Lofts
310 N 33rd StRichmond, VA 23223
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$1,043 - $1,969Studio to 3 Bedroom Apartments Available Now
Attain Shockoe
1903 E Marshall StRichmond, VA 23223
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$1,045 - $1,8301 to 2 Bedroom Apartments Available Now
Smokehouse Lofts
110-114 S 15th StRichmond, VA 23219
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927 N 20th St
RichmondVA23223
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$1,055 - $1,6491 to 2 Bedroom Apartments Available Now
Old Stone Row
2005 E Franklin StRichmond, VA 23223
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$1,096 - $2,4691 to 3 Bedroom Apartments Available Now
American Tobacco Center
119-121 N 20th StRichmond, VA 23223
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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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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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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Showing Results 1-32, 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 | $1,305 | $829 | $2,280 |
| Oakwood 1 Bedroom Apartments | $1,501 | $702 | $3,055 |
| Oakwood 2 Bedroom Apartments | $1,719 | $837 | $3,618 |
| Oakwood 3 Bedroom Apartments | $2,002 | $1,395 | $2,469 |
| Oakwood 4 Bedroom Apartments | $3,990 | $1,620 | $6,360 |
Browse Apartments in this Neighborhood
There are currently 32 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
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Available Oakwood Apartments for Rent
The cheapest available apartment rental in the Oakwood area of Richmond, VA is a 2 Beds unit found at New Manchester Flats priced from $837. The Lofts at Shockoe Slip has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Oakwood apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| New Manchester Flats | The Bainbridge | 2BR,1BA | $837 |
| The Lofts at Shockoe Slip | The Lofts at Shockoe Slip 316 | Studio,1BA | $999 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
| Attain Shockoe | Capitol | Studio,1BA | $1,043 |
| Cedar Broad | A2b | 1BR,1BA | $1,045 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $1,050 |
| Old Stone Row | OS A10 | 1BR,1BA | $1,055 |
| Smokehouse Lofts | 1 Beds, 1 Baths | 1BR,1BA | $1,060 |
| Pointe at River City | Diamond | 2BR,1BA | $1,089 |
| 1808 Williamsburg Rd | 1 Beds, 1 Baths | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Oakwood, VA
As of July 30, 2025 the best value apartment in the Oakwood area is the $1.31 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 $1,699. 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 | $1.31 |
| Raven Place | B1.1 | 2BR,2BA | $1.47 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
| New Manchester Flats | The Stockton | 2BR,2.5BA | $1.53 |
| The Railyard Flats | 2BR/2.0BA | 2BR,2BA | $1.50 |
| The Corner Lofts - 1321 E. Main St. | 1BR/1.0BA | 1BR,1BA | $1.39 |
| Glenns at Millers Lane | Two Bedroom | 2BR,2BA | $1.65 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
| Pointe at River City | Diamond | 2BR,1BA | $1.39 |
| Flats at 25th | Compass | 1BR,1BA | $1.64 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleOakwood, Richmond, VA
Ranked #73
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)
2 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 $1,095.
What is the price of a cheap apartment in Oakwood?
The cheapest apartment in Oakwood is New Manchester Flats which is listed at $979, while the average apartment in Oakwood costs $1,969.
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 132 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 $787 which is $1,182 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.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.