Cheap Homes for Rent in Summit, IL from $1,200 (24 Rentals)

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

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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property at 104 Lincoln Ave

$1,400 - $1,450

1 Bedroom Rentals

Available Now

104 Lincoln Ave

RiversideIL60546
property at 6028 S Archer Rd

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 1 Bath Condo for Rent

Available Now

6028 S Archer Rd, Unit #5

6028 S Archer Rd
SummitIL60501

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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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 1-24, Page 1 of 1

Summit, IL Local Guide

Cheapest Available Summit Apartments for Rent

 

The cheapest available apartment rental in Summit, IL is a 1 Bed unit found at 7858 S Natoma Ave in the Burbank neighborhood priced from $1,295. 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 Ave1 Beds, 1 Baths1BR,1BA$1,295
Hunter Brook Group1 Bedroom1BR,1BA$1,500
7819 Rutherford Ave2/12BR,1BA$1,600
6946 W 65th St2 Bedroom2BR,1BA$1,650

Best Value Apartments for Rent in Summit, IL

As of August 21, 2026 the best value apartment in the Summit area is the $1.93 price per square foot 7233 38th Pl Model at 7233 38th Pl, Unit Lyons/Riverside in the in the Ogden Avenue District neighborhood starting from $2,900. The second greatest value Summit apartment is the 3838 Ridgeland Ave Model at 3838 Ridgeland Ave, Unit Unit 1 starting at $2,250 with a $1.88 price per square foot in the Ogden Avenue District 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.
7233 38th Pl, Unit Lyons/Riverside7233 38th Pl4BR,2BA$1.93
3838 Ridgeland Ave, Unit Unit 13838 Ridgeland Ave3BR,1BA$1.88
3622 Rosemear Ave, Unit 23622 Rosemear Ave2BR,1BA$2.08
7215 38th Place7215 38th Place1BR,1BA$1.63
6946 W 65th St2 Bedroom2BR,1BA$2.06
7819 Rutherford Ave2/12BR,1BA$2.00
Hunter Brook Group1 Bedroom1BR,1BA$2.14
6255 W 55th St, Unit Ulises Espinoza6255 W 55th St3BR,1BA$15.00

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

What type of rentals are currently available in Summit?

There are currently 295 Apartments for Rent in Summit, IL with pricing that ranges from $1,300 to $2,900. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Summit ranging from $1,200 to $4,375.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Summit ranges from $1,200 to $4,375 with an average monthly rent of $2,354.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Summit range from $1,800 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $4,000. Four Bedroom Single-Family rentals are also available starting from $3,400 and Four Bedroom Apartments start at $2,900.

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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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.

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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.