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$857
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1 Bedroom Apartments Available NowTotal Monthly Price
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$795
Required Monthly Fees
$62
Total Monthly Price
$857
1204 N 20th St, Unit Apt 1
1204 N 20th StRichmond, VA 23223
Cheap Homes for Rent in Oakwood Neighborhood of Richmond, VA from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Oakwood area of Richmond.
2100 Phaup St
RichmondVA23223
2108 Phaup St
RichmondVA23223
11011 S 15th St
RichmondVA23219
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$1,007
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2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$945
Required Monthly Fees
$62
Total Monthly Price
$1,007
2016 Fairmount Ave, Unit Apt 2
2016 Fairmount AveRichmond, VA 23223
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.
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$1,0502 Bedroom Apartments Available Now
1247 Nelson St, Unit B
1247 Nelson StHenrico, VA 23231
1229 Nelson St
RichmondVA23231
2514 Q St
RichmondVA23223
1521 Mechanicsville Tpke
RichmondVA23223
1718 National St
RichmondVA23231
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.
219 N 19th St
RichmondVA23223
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Oakwood, Richmond, VA Local Guide
How much does it cost to rent a home in Oakwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakwood 2 Bedroom Homes for Rent | $1,625 | $995 | $3,100 |
| Oakwood 3 Bedroom Homes for Rent | $2,183 | $1,573 | $3,100 |
| Oakwood 4 Bedroom Homes for Rent | $2,530 | $2,395 | $2,700 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Richmond, VA.
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Oakwood, Richmond, VA Local Guide
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Cheapest Available Oakwood Apartments for Rent
The cheapest available apartment rental in the Oakwood area of Richmond, VA is a 1 Bed unit found at Creighton Renaissance Apartments priced from $926. New Manchester Flats has the second lowest priced unit, which is a 3 Beds apartment currently listed from $950. Here are the most affordable Oakwood apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Creighton Renaissance Apartments | One Bedroom - D | 1BR,1BA | $926 |
| New Manchester Flats | The Everett | 3BR,2BA | $950 |
| American Tobacco Collection | SCenter-A4 | 1BR,1BA | $962 |
| The Attain | Pocahontas | Studio,1BA | $964 |
| 1822 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $995 |
Best Value Apartments for Rent in Oakwood, VA
As of June 20, 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 East neighborhood starting from $1,080. The second greatest value Oakwood apartment is the 3 Beds, 1 Baths Model at 200 Minor Street Quad starting at $1,295 with a $1.18 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. |
|---|---|---|---|
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR,1BA | $0.94 |
| 200 Minor Street Quad | 3 Beds, 1 Baths | 3BR,1BA | $1.18 |
| Main2525 | 1BR/1.0BA | 1BR,1BA | $1.34 |
| Flats at 25th | Elevation | 2BR,2BA | $1.41 |
| Consolidated | CO-B One Bedroom, One Bathroom | 1BR,1BA | $1.42 |
| Glenwood Ridge Apartments | 2 bedroom | 2BR,2BA | $1.13 |
| Tobacco Landing | Two Bedroom | 2BR,2BA | $1.33 |
| Mallard Greens | Make Your Move This June to Mallard Greens!! | 2BR,1BA | $1.33 |
| 1822 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $1.24 |
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 Studio | Studio ,1BA | $1.53 |
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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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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How much rent can you afford?
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 #68
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
Frequently Asked Questions about Oakwood
What type of rentals are currently available in Oakwood?
There are currently 275 Apartments for Rent in Oakwood, VA with pricing that ranges from $857 to $5,876. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $995 to $3,100.
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 $3,100 with an average monthly rent of $1,938.
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 $950 to $2,793, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,573 to $3,100. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $1,620.
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
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.
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.
Explore The River City Like a Local: The Insiders 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 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.
Articles, How-To's, and Tips
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.
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.
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.