Cheap Homes for Rent in Oakwood Neighborhood of Richmond, VA from $900 (15 Rentals)

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

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Oakwood, Richmond, VA Local Guide

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 ListingModel NameBed/BathPriced From
New Manchester FlatsThe Bainbridge2BR,1BA$837
The Lofts at Shockoe SlipThe Lofts at Shockoe Slip 316Studio,1BA$999
Jefferson Townhouses1X11BR,1BA$1,000
Attain ShockoeCapitolStudio,1BA$1,043
Cedar BroadA2b1BR,1BA$1,045

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts and Upper Lofts at Canal WalkCanal 236 2 BedsStudio ,1BA$1.31
Raven PlaceB1.12BR,2BA$1.47
Townsend SquareTownhomes starting at $1050.00- Now Accepting A...2BR,1BA$0.91
New Manchester FlatsThe Stockton2BR,2.5BA$1.53
The Railyard Flats2BR/2.0BA2BR,2BA$1.50
The Corner Lofts - 1321 E. Main St.1BR/1.0BA1BR,1BA$1.39
Glenns at Millers LaneTwo Bedroom2BR,2BA$1.65
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1.33
Pointe at River CityDiamond2BR,1BA$1.39
Flats at 25thCompass1BR,1BA$1.64

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Frequently Asked Questions about Oakwood

What type of rentals are currently available in Oakwood?

There are currently 265 Apartments for Rent in Oakwood, VA with pricing that ranges from $702 to $6,360. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $995 to $3,500.

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 $995 to $3,500 with an average monthly rent of $1,967.

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 $1,395 to $2,469, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,725 and Four Bedroom Apartments start at $1,620.

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.

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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.

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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.

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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.

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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.