Cheap Apartments for Rent in Summit Lake, WI from $500 (33 Rentals)

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

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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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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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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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 1-33, Page 1 of 1

Summit Lake, WI Local Guide

Cheapest Available Summit Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Summit Lake, WI is a 1 Bed unit found at Diamonds Edge in the Downtown Wausau neighborhood priced from $645. Wausau Columns Apartments in the Downtown Wausau neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here is today’s list of the most affordable Summit Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Diamonds Edge1 bd Upper1BR,1BA$645
Wausau Columns Apartments1 Bedroom1BR,1BA$720
The Landmark1 BR 1BA1BR,1BA$800
SCS Merrill Apartment CommunitySeason 1 BR Lower1BR,1BA$865
Ross Avenue ApartmentsOne Bed1BR,1BA$875
Kannenberg Plaza1 Bedroom1BR,1BA$920
River Ridge Apartments1 Bedroom1BR,1BA$985
The Lofts At City HallOne Bedroom1BR,1BA$1,009
Prosser Place Estates1 Bedroom Upper1BR,1BA$1,045
Foundry on 3rd PH 1, LLC0:1Studio,1BA$1,050

Best Value Apartments for Rent in Summit Lake, WI and Nearby

As of June 19, 2026 the best value apartment in the Summit Lake area is the $0.81 price per square foot 3X1.5F Model at Aspen Village in the starting from $1,092. The second greatest value Summit Lake apartment is the 2 Bedroom 2 Bath Split Model at DRISCOLL ROAD ESTATES starting at $1,285 with a $1.20 price per square foot . Here is today’s list of the best values for Summit Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aspen Village3X1.5F3BR,1.5BA$0.81
DRISCOLL ROAD ESTATES2 Bedroom 2 Bath Split2BR,2BA$1.20
Eagle Trails Estates2 Bedroom 2 Bathroom - Lower2BR,2BA$1.40
Trolley Quarter Flats2 Bedroom2BR,1BA$1.04
River Ridge Apartments1 Bedroom1BR,1BA$1.04
The Lofts At City HallOne Bedroom1BR,1BA$1.12
Prosser Place Estates1 Bedroom Upper1BR,1BA$1.34
Ross Avenue ApartmentsOne Bed1BR,1BA$1.18
Diamonds Edge1 bd Upper1BR,1BA$1.06
Wausau Columns Apartments1 Bedroom1BR,1BA$1.26

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Summit Lake Apartments

What is the Cheapest Studio apartment in Summit Lake?

Currently the most affordable Cheap Studio Apartment in Summit Lake is at Foundry on 3rd PH 1, LLC listed at $1,050.

How much is rent for a Cheap One Bedroom Summit Lake Apartment?

The lowest price for a Cheap One Bedroom Summit Lake Apartment is $645 at Diamonds Edge.

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

Today's best deal for a Cheap Two Bedroom Apartment in Summit Lake is starting from $995 at SCS Merrill Apartment Community.

What is the most affordable Summit Lake Three Bedroom Apartment?

The best deal on a cheap Summit Lake Three Bedroom Apartment rental is at Aspen Village and starts from $1,092.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.