Cheap Apartments for Rent in the Castlewood Neighborhood of Olympia, WA from $600 (55 Rentals)

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

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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Smyth
$1,750 - $2,766
Total Monthly Price

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$1,750 - $2,766
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1 to 3 Bedroom Apartments Available Now

Smyth

3425 Polo Club Ln SEOlympia, WA 98501
Active Lifestyle
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Briggs Village
Rent Specials
$1,795 - $3,771
Total Monthly Price

Total Monthly Price

Base Rent
$1,795 - $3,771
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1 to 3 Bedroom Apartments Available Now

Briggs Village

4225 Briggs Dr SEOlympia, WA 98501
Luxury
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Ashwood Downs Apartments
2 to 3 Bedroom Apartments

Ashwood Downs Apartments

1900 Ashwood Downs Ln SEOlympia, WA 98501
  • 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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Mulberry Place
Studio to 2 Bedroom Apartments

Mulberry Place

501 Franz Anderson Rd SEOlympia, WA 98501
Corporate Housing
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Olympia Village
1 Bedroom Apartments

Olympia Village

900 Fairview St SEOlympia, WA 98501
Senior Living
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Merritt Manor
2 to 3 Bedroom Apartments

Merritt Manor

3335 Martin Way EOlympia, WA 98506
  • Utilities Included
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Red Leaf Townhomes
2 to 3 Bedroom Apartments

Red Leaf Townhomes

1330-1344 Fones RdOlympia, WA 98501
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The Abbey
2 to 3 Bedroom Apartments

The Abbey

122 Lilly Rd NEOlympia, WA 98506
  • Utilities Included
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Capitol Crossing
Studio to 2 Bedroom Apartments

Capitol Crossing

1112 Chestnut St SEOlympia, WA 98501

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Arbol Grande
2 Bedroom Apartments

Arbol Grande

1420 Fones Rd SEOlympia, WA 98501

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Castlewood, Olympia, WA Local Guide

Cheapest Available Castlewood Apartments for Rent

 

The cheapest available apartment rental in the Castlewood area of Olympia, WA is a 1 Bed unit found at Cedar Pointe Apartments priced from $1,100. Brentwood 509 Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Castlewood apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Cedar Pointe Apartments1 Bed / 1 Bath1BR,1BA$1,100
Brentwood 509 Apartments1 BR/ 1 BA1BR,1BA$1,100
Cunningham Building0BR/1.0BAStudio,1BA$1,190
Dawcrest Apartments1BR / 1 BA1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
Westman MillsStudioStudio,1BA$1,250
The Malt House Apartment Homes0BR/1.0BAStudio,1BA$1,275
Capitol Club ApartmentsOne Bedroom Deluxe1BR,1BA$1,300
The HubStudio A.7Studio,1BA$1,375
Lacey Park ApartmentsStudioStudio,1BA$1,400

Best Value Apartments for Rent in Castlewood, WA

As of April 26, 2026 the best value apartment in the Castlewood area is the $1.61 price per square foot Townhome Model at Copper Leaf Residences in the in the Wellington West neighborhood starting from $2,750. The second greatest value Castlewood apartment is the 3 Bd / 3 Ba + 1-Car Garage Model at Chambers Reserve Townhomes starting at $2,495 with a $1.57 price per square foot in the Avonlea 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.
Copper Leaf ResidencesTownhome3BR,2.5BA$1.61
Chambers Reserve Townhomes3 Bd / 3 Ba + 1-Car Garage3BR,3BA$1.57
350 North Apartments2-Bed/2-Bath North with Storage Unit2BR,2BA$1.88
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.70
TribecaUnit B2BR,1BA$1.81
Wilderness West Apartments2B 1.5B LTH2BR,1.5BA$2.00
Talisman289 2X1 T2BR,1BA$2.01
College Pointe Apartments1x1 A1BR,1BA$2.04
Dawcrest Apartments1BR / 1 BA1BR,1BA$1.71
Brentwood Apartmentsone bedroom1BR,1BA$1.94

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 Lifestyle
Castlewood, Olympia, WA

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Castlewood, Olympia, WA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Olympia. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Castlewood Apartments

What is a cheap apartment in Castlewood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Castlewood is under $1,400.

What is the price of a cheap apartment in Castlewood?

The cheapest apartment in Castlewood is Cedar Pointe Apartments which is listed at $1,100, while the average apartment in Castlewood costs $3,045.

What types of apartments are the cheapest in Castlewood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Castlewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Castlewood?

Cheap apartments in Castlewood have an average cost of $452 which is $2,593 cheaper than the average rent for all rentals in Castlewood.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.