Cheap Homes for Rent in Summit, IL from $1,100 (15 Rentals)

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Search the lowest-cost Homes 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.

property at 7851 Ogden Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom, 2 Bath Home for Rent

Available Now

7851 Ogden Ave

LyonsIL60534

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.

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.

Summit, IL Local Guide

Cheapest Available Summit Apartments for Rent and Nearby

 
Apartment ListingModel NameBed/BathPriced From
6946 W 65th St1 Bedroom1BR,1BA$1,250
7858 S Natoma Ave2 Beds, 1 Baths2BR,1BA$1,495

Best Value Apartments for Rent in Summit, IL and Nearby

As of May 22, 2026 the best value apartment in the Summit area is the $1.32 price per square foot 4205 S Harlem Ave Model at 4205 S Harlem Ave, Unit unit 3 in the in the Ogden Avenue District neighborhood starting from $1,900. The second greatest value Summit apartment is the 5432 S Austin Ave Model at 5432 S Austin Ave, Unit Unit 1 starting at $1,800 with a $1.64 price per square foot in the Garfield Ridge 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.
4205 S Harlem Ave, Unit unit 34205 S Harlem Ave3BR,2BA$1.32
5432 S Austin Ave, Unit Unit 15432 S Austin Ave3BR,1BA$1.64
6946 W 65th St2 Bedroom2BR,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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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:
Location, Location, Location!

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Frequently Asked Questions about Summit

What type of rentals are currently available in Summit?

There are currently 299 Apartments for Rent in Summit, IL with pricing that ranges from $975 to $16,630. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Summit ranging from $1,150 to $5,850.

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 $1,150 to $5,850 with an average monthly rent of $2,426.

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 $1,400 to $5,850. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $10,000.

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.