Cheap Apartments for Rent in Summit, IL from $700 (35 Rentals)

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

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7751-7757 S Oconto Ave
1 Bedroom Apartments

7751-7757 S Oconto Ave

7751-7757 S Oconto AveBridgeview, IL 60455
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Water Tower
Studio to 2 Bedroom Apartments

Water Tower

24-38 East AveRiverside, IL 60546
  • Utilities Included

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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43-63 Forest Ave
Studio to 1 Bedroom Apartments

43-63 Forest Ave

43-63 Forest AveRiverside, IL 60546
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6101 S Oak Park
1 to 2 Bedroom Apartments

6101 S Oak Park

6101-6135 S Oak Park AveChicago, IL 60638
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West Clare Apartments
1 to 3 Bedroom Apartments

West Clare Apartments

8155-8159 Ogden AveLyons, IL 60534
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3522-30 Oak Park Ave
1 to 3 Bedroom Apartments

3522-30 Oak Park Ave

3522-3530 Oak Park AveBerwyn, IL 60402
  • Utilities Included

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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Lyons
1 to 2 Bedroom Apartments

Lyons

3908 Powell AveLyons, IL 60534
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7858 S Natoma Ave
1 to 2 Bedroom Apartments

7858 S Natoma Ave

7858 S Natoma AveBurbank, IL 60459

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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Showing Results 1-35, Page 1 of 1

Summit, IL Local Guide

Cheapest Available Summit Apartments for Rent

 

The cheapest available apartment rental in Summit, IL is a 2 Beds unit found at 7858 S Natoma Ave in the West Cook neighborhood priced from $1,495. Hunter Brook Group in the West Cook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here is today’s list of the most affordable Summit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
7858 S Natoma Ave2 Beds, 1 Baths2BR,1BA$1,495
Hunter Brook Group1 Bedroom1BR,1BA$1,500
6946 W 65th St2 Bedroom2BR,1BA$1,550

Best Value Apartments for Rent in Summit, IL

As of June 18, 2026 the best value apartment in the Summit area is the $1.18 price per square foot 7503 W 64th St Model at 7503 W 64th St, Unit Unit:2 in the in the West Cook neighborhood starting from $1,650. The second greatest value Summit apartment is the 2 Bedroom Model at 6946 W 65th St starting at $1,550 with a $1.94 price per square foot in the Clearing neighborhood. Here is today’s list of the best values for Summit apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7503 W 64th St, Unit Unit:27503 W 64th St3BR,1BA$1.18
6946 W 65th St2 Bedroom2BR,1BA$1.94
Hunter Brook Group1 Bedroom1BR,1BA$2.14
7439 W 64th St, Unit 27439 W 64th St2BR,1BA$2.00

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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Best Local Schools in
Summit, IL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Summit Apartments

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

Today's best deal for a Cheap Two Bedroom Apartment in Summit is starting from $1,495 at 7858 S Natoma Ave.

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

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.