Cheap Apartments for Rent in the Castlewood Neighborhood of Olympia, WA from $662 (61 Rentals)

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

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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Smyth
$1,650 - $2,766

Total Monthly Price

Base Rent$1,650 - $2,766
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Smyth

3425 Polo Club Ln SEOlympia, WA 98501
Active Lifestyle
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property at 833 Steele St NE
$1,795
2 Bedroom Rentals
Available Oct 1
Affordability

833 Steele St NE

OlympiaWA98506

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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Briggs Village
Rent Specials
$1,982 - $3,452

Total Monthly Price

Base Rent$1,982 - $3,452
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Briggs Village

4225 Briggs Dr SEOlympia, WA 98501
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property at 1058 Central St SE
$2,300
2 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

1058 Central St SE

OlympiaWA98501
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Ashwood Downs Apartments
2 to 3 Bedroom Apartments

Ashwood Downs Apartments

1900 Ashwood Downs Ln SEOlympia, WA 98501
  • Utilities Included

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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Westman Mill
Studio to 3 Bedroom Apartments

Westman Mill

510 State Ave NEOlympia, WA 98501
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Stateside Flats
1 to 2 Bedroom Apartments

Stateside Flats

210 Bethel St NEOlympia, WA 98506
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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
  • Utilities Included
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Campus Lofts
Studio to 3 Bedroom Apartments

Campus Lofts

510-512 12th Ave SEOlympia, WA 98501
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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

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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Arbol Grande
2 Bedroom Apartments

Arbol Grande

1420 Fones Rd SEOlympia, WA 98501

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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Showing Results 1-50, Page 1 of 2

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 Brentwood 509 Apartments priced from $1,100. Annie's Studio's has the second lowest priced unit, which is a Studio apartment currently listed from $1,190. Here are the most affordable Castlewood apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Brentwood 509 Apartments1 BR/ 1 BA1BR,1BA$1,100
Annie's Studio's0BR/1.0BAStudio,1BA$1,190
Dawcrest Apartments1BR / 1 BA1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
The Malt House Apartment Homes0BR/1.0BAStudio,1BA$1,300
Westman Mill0BR/1.0BAStudio,1BA$1,300
Silver Leaf Residences 1StudioStudio,1BA$1,306
Capitol Club ApartmentsOne Bedroom1BR,1BA$1,315
Lacey Park ApartmentsStudioStudio,1BA$1,400
401 Union0BR/1.0BAStudio,1BA$1,400

Best Value Apartments for Rent in Castlewood, WA

As of September 10, 2026 the best value apartment in the Castlewood area is the $1.88 price per square foot Georgia Model at Ward Lake Apartments in the in the Wellington West neighborhood starting from $2,345. The second greatest value Castlewood apartment is the 2BR/2.0BA Model at Copper Leaf Residences starting at $1,920 with a $1.74 price per square foot in the Wellington West 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.
Ward Lake ApartmentsGeorgia3BR,2BA$1.88
Copper Leaf Residences2BR/2.0BA2BR,2BA$1.74
The Vicara Apartments & Townhomes2x2 (967 sqft)2BR,2BA$2.17
Chambers Crest2x22BR,2BA$2.11
Ensign I & II204 2x1 renovated2BR,1BA$2.07
Merritt ManorTwo Bedroom, One Bath - 2x12BR,1BA$1.89
6Wood Flats1x1 B1BR,1BA$2.19
Smyth1x11BR,1BA$2.18
Dawcrest Apartments1BR / 1 BA1BR,1BA$1.71
Brentwood Apartmentsone bedroom1BR,1BA$1.94

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Pet Friendly Lifestyle
Castlewood, Olympia, WA

Ranked #12

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 Brentwood 509 Apartments which is listed at $1,100, while the average apartment in Castlewood costs $1,899.

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 2 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 $458 which is $1,441 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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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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.