Cheap Apartments for Rent near Castlewood, SD from $300 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in Castlewood.

property at 510 4th Ave N

$775

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$775
Total Monthly Price
$775

2 Bedroom, 1 Bath Townhome for Rent

Available Sep 1

510 4th Ave N

EdgertonMN56128
property at 400 Mound Ave

$825

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825

2 Bedroom, 1 Bath Home for Rent

Available Sep 1

400 Mound Ave

BalatonMN56115

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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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 811 7th St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

811 7th St, Unit 2

811 7th St
BrookingsSD57006
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806 W 5th St
Studio to 1 Bedroom Apartments

806 W 5th St

806 W 5th StMorris, MN 56267
Corporate Housing
  • Utilities Included
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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
  • Utilities Included
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Home Rite Apartments
1 to 2 Bedroom Apartments

Home Rite Apartments

126 1st St SEOrtonville, MN 56278
  • Utilities Included

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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Lamplighter Apartments
1 to 2 Bedroom Apartments

Lamplighter Apartments

201 W 5th StMorris, MN 56267
Student Housing
  • Utilities Included
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Cardinal Estates
1 to 3 Bedroom Apartments

Cardinal Estates

300-302 South StMorris, MN 56267
  • Utilities Included
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Southland Court
Studio to 2 Bedroom Apartments

Southland Court

818 Southland LnBrookings, SD 57006
  • Utilities Included
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1170 Dewey St
1 to 2 Bedroom Apartments

1170 Dewey St

1170 Dewey StWabasso, MN 56293
  • Smoke Free
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Archer Flats
Studio to 2 Bedroom Apartments

Archer Flats

2308 14th Ave NEWatertown, SD 57201

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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1009 Southland Ln
1 to 2 Bedroom Apartments

1009 Southland Ln

1009 Southland LnBrookings, SD 57006
  • Utilities Included
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Parkside Place
1 Bedroom Apartments

Parkside Place

8 2nd St NEWatertown, SD 57201
  • Utilities Included
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SunHill Bryant
2 to 3 Bedroom Apartments

SunHill Bryant

313 E 2nd AveBryant, SD 57221
Showing Results 1-43, Page 1 of 1

Castlewood, SD Local Guide

Cheapest Available Castlewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Castlewood, SD is a 1 Bed unit found at Mary's Heights Apartments priced from $455. Onaka Village in the Downtown Brookings neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $575. Here is today’s list of the most affordable Castlewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary's Heights Apartments1 Bed, 1 bath1BR,1BA$455
Onaka Village1BR/1BA1BR,1BA$575
Beardsley ApartmentsOne Bedroom1BR,1BA$600
Egan Avenue ResidenceBedroom C1BR,1BA$645
Eastside Acres1 Bed, 1 bath1BR,1BA$761
Ghent Housing1 Bed, 1 bath1BR,1BA$920
Circle Pines Apartments1 Bed, 1 bath1BR,1BA$925
Lamplighter ApartmentsTwo Bedroom One Bathroom2BR,1BA$930
Parkview Apartments and Townhomes2 bedroom apartment2BR,1BA$950
Latitude 44The CoveStudio,1BA$955

Best Value Apartments for Rent in Castlewood, SD and Nearby

As of August 18, 2026 the best value apartment in the Castlewood area is the $0.89 price per square foot 3 Bedroom Townhome Model at Wheatgrass Village I in the starting from $1,465. The second greatest value Castlewood apartment is the 3 Beds, 2 baths Model at Mary's Heights Apartments starting at $800 with a $0.60 price per square foot . Here is today’s list of the best values for Castlewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wheatgrass Village I3 Bedroom Townhome3BR,2.5BA$0.89
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.60
Campus View2 Bed + 2 Bath2BR,2BA$1.20
Beardsley ApartmentsOne Bedroom1BR,1BA$0.67
Cardinal Estates2 Bedroom 1 Bathroom2BR,1BA$1.09
Parkview Apartments and Townhomes2 bedroom apartment2BR,1BA$1.21
Generations on 1st1BR/1.0BA1BR,1BA$1.46
Lamplighter ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.30
Onaka Village1BR/1BA1BR,1BA$0.92
Eastside Acres1 Bed, 1 bath1BR,1BA$1.52

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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Real 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Castlewood, SD Rentals by Map

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See the most popular apartments and homes in Castlewood, SD

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Frequently Asked Questions about Cheap Castlewood Apartments

What is the Cheapest Studio apartment in Castlewood?

Currently the most affordable Cheap Studio Apartment in Castlewood is at Latitude 44 listed at $955.

How much is rent for a Cheap One Bedroom Castlewood Apartment?

The lowest price for a Cheap One Bedroom Castlewood Apartment is $455 at Mary's Heights Apartments.

What is the lowest price for a Cheap Two Bedroom Castlewood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Castlewood is starting from $545 at Mary's Heights Apartments.

What is the most affordable Castlewood Three Bedroom Apartment?

The best deal on a cheap Castlewood Three Bedroom Apartment rental is at Mary's Heights Apartments and starts from $800.

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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.