Cheap Homes for Rent in Oakwood Neighborhood of Richmond, VA from $1,000 (37 Rentals)

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

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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-37, Page 1 of 1

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 1 Bed unit found at New Manchester Flats priced from $979. The Masonry Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Oakwood apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Decatur1BR,1BA$979
The Masonry ApartmentsMasonry BF-A11BR,1BA$995
1822 Williamsburg Rd2 Beds, 1 Baths2BR,1BA$995
Jefferson Townhouses1X11BR,1BA$1,000
Attain ShockoePocahontasStudio,1BA$1,045
Pointe at River CityGold2BR,1BA$1,054
The OliverThe Virginia1BR,1BA$1,085
The Mirage ManchesterThe Sandman1BR,1BA$1,085
1808 Williamsburg Rd1 Beds, 1 Baths1BR,1BA$1,095
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1,103

Best Value Apartments for Rent in Oakwood, VA

As of September 16, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts and Upper Lofts at Canal WalkCanal 236 2 BedsStudio ,1BA$1.27
Raven PlaceB1.12BR,2BA$1.47
ConsolidatedCO-B One Bedroom, One Bathroom1BR,1BA$1.46
Smokehouse Lofts2 Beds, 2 Baths2BR,2BA$1.61
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1.33
1822 Williamsburg Rd2 Beds, 1 Baths2BR,1BA$1.24
Pointe at River CityDiamond2BR,1BA$1.40
Flats at 14thStudioStudio ,1BA$1.64
The Lofts at Shiplock WatchThe Lofts at Shiplock Watch - 1BR x 1 Bath (144...1BR,1BA$1.63
New Manchester FlatsThe Decatur1BR,1BA$1.60

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Pet Friendly Lifestyle
Oakwood, Richmond, VA

Ranked #63

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Oakwood, Richmond, VA

School data provided by Great Schools

Frequently Asked Questions about Oakwood

What type of rentals are currently available in Oakwood?

There are currently 267 Apartments for Rent in Oakwood, VA with pricing that ranges from $864 to $5,949. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $1,095 to $3,350.

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 $1,095 to $3,350 with an average monthly rent of $1,988.

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 $3,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,350. Four Bedroom Single-Family rentals are also available starting from $1,645 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.

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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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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.

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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.

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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.