Cheap Homes for Rent in Mount Summit, IN from $500 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Mount Summit.

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.

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.

Mount Summit, IN Local Guide

Cheapest Available Mount Summit Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mount Summit, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. University Village in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $514. Here is today’s list of the most affordable Mount Summit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
University Village4BD/2BA Furnished Premium4BR,2BA$514
Flats at West End0BR/1.0BAStudio,1BA$550

Best Value Apartments for Rent in Mount Summit, IN and Nearby

As of May 08, 2026 the best value apartment in the Mount Summit area is the $0.89 price per square foot Prime FHB Model at Golden Pebble Estates in the starting from $1,399. The second greatest value Mount Summit apartment is the 4BD/2BA Furnished Premium Model at University Village starting at $514 with a $0.39 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Mount Summit apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Golden Pebble EstatesPrime FHB3BR,2BA$0.89
University Village4BD/2BA Furnished Premium4BR,2BA$0.39
Freedom Acres MHCPulse 76163BR,2BA$0.94
Silvertree CommunitiesEverbrook Townhomes2BR,1.5BA$0.70
Hoosier Woods2X2 60%2BR,2BA$1.13
The Latitude Apartments2x2 Classic2BR,2BA$1.09
Grand Avenue Commons2 Beds, 1.5 baths2BR,1.5BA$0.89
Fox Brook Apartments2x1 R2BR,1BA$1.18
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.90
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

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!

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Frequently Asked Questions about Mount Summit

What type of rentals are currently available in Mount Summit?

There are currently 48 Apartments for Rent in Mount Summit, IN with pricing that ranges from $250 to $1,800. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Summit ranging from $599 to $3,800.

What is the current price range for Rental Homes in Mount Summit?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mount Summit ranges from $599 to $3,800 with an average monthly rent of $1,498.

How much are larger Three and Four Bedroom Rentals in Mount Summit?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mount Summit range from $305 to $1,499, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,699. Four Bedroom Single-Family rentals are also available starting from $1,425 and Four Bedroom Apartments start at $449.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.