Cheap Apartments for Rent in Castlewood, SD from $300 (40 Rentals)

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

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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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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property at 303 4th St

$1,000

Total Monthly Price

Total Monthly Price

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

4 Bedroom, 1 Bath Home for Rent

Available Aug 1

303 4th St

SinaiSD57071
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

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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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

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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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
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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

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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Showing Results 1-40, 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. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. 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
Beardsley ApartmentsOne Bedroom1BR,1BA$600
Egan Avenue ResidenceBedroom C1BR,1BA$645
Eastside Acres1 Bed, 1 bath1BR,1BA$761
Cardinal Estates1 Bedroom 1 Bathroom1BR,1BA$840
Lake Area Townhomes1 Bedroom1BR,1BA$855
Ghent Housing1 Bed, 1 bath1BR,1BA$920
Circle Pines Apartments1 Bed, 1 bath1BR,1BA$925
Archer FlatsEfficiencyStudio,1BA$925
Parkview Apartments and Townhomes2 bedroom apartment2BR,1BA$935

Best Value Apartments for Rent in Castlewood, SD and Nearby

As of July 04, 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 Voyager H Model at Innovation Village starting at $1,820 with a $1.27 price per square foot in the Downtown Brookings neighborhood. 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
Innovation VillageVoyager H3BR,2BA$1.27
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.60
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.03
The Plains Apartments1635 - 2A2BR,2BA$1.28
SunHill Lake Norden3 Beds, 1 bath3BR,1BA$1.18
Beardsley ApartmentsOne Bedroom1BR,1BA$0.67
Wilkeshire ApartmentsHaven1BR,1BA$1.10
Cardinal Estates1 Bedroom 1 Bathroom1BR,1BA$1.05
Parkview Apartments and Townhomes2 bedroom apartment2BR,1BA$1.20

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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Quick Rent Budget Calculator

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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 Archer Flats listed at $925.

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

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.

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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.

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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.

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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.