
Cheap Apartments for Rent near Summit Lake, WI from $565 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Summit Lake.


700 Grand

Riverview Towers and Riverview Terrace

Wausau Columns Apartments

Park City Apartments

The Landmark

The Lofts At City Hall

Cedar Pointe Apartments

Westside Commons
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.

Ross Avenue Apartments

PELICAN RIVER ESTATES

Pinewood Estates

DAVENPORT STREET ESTATES

Kannenberg Plaza

Water's Edge Apartments

Charlotte Court Apartments

Foundry on 3rd

Riverbend Properties LLC
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.

Island Place Apartments - On the River

Prosser Place Estates

Bos Creek Estates

Trolley Quarter Flats

626 S 5th Ave

Woodland Chalet Apartments

1026 2nd St

539 Elm St

City Walk Senior Apartments for Seniors 55+
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

SCS Merrill Apartment Community

East High Apartments

205 E 4th St

823 Superior St

536 Mill St

2806 Madonna Dr

455 1st Ave

902 Townline Rd

808 W Grand Ave
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.
Summit Lake, WI Local Guide

How much does it cost to rent an apartment in Summit Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Summit Lake Studio Apartments | $1,346 | $658 | $1,460 |
| Summit Lake 1 Bedroom Apartments | $1,283 | $645 | $2,955 |
| Summit Lake 2 Bedroom Apartments | $1,426 | $565 | $3,555 |
| Summit Lake 3 Bedroom Apartments | $1,430 | $651 | $3,399 |
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Summit Lake, WI Local Guide
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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. 700 Grand in the Downtown Wausau neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $651. Here is today’s list of the most affordable Summit Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Diamonds Edge | 1 bd Upper | 1BR, 1BA | $645 |
| 700 Grand | 3 Bedroom 30% | 3BR, 2BA | $651 |
| Wausau Columns Apartments | 1 Bedroom | 1BR, 1BA | $720 |
| The Lofts At City Hall | One Bedroom | 1BR, 1BA | $800 |
| The Landmark | 1 BR 1BA | 1BR, 1BA | $800 |
| Westside Commons | The Commons | 1BR, 1BA | $847 |
| Ross Avenue Apartments | One Bed | 1BR, 1BA | $875 |
| Kannenberg Plaza | 1 Bedroom | 1BR, 1BA | $920 |
| SCS Merrill Apartment Community | Stone 1 BR Upper | 1BR, 1BA | $935 |
| Pinewood Estates | 2 Bedroom 1 Bath | 2BR, 1BA | $995 |
Best Value Apartments for Rent in Summit Lake, WI and Nearby
As of September 17, 2026 the best value apartment in the Summit Lake area is the $0.83 price per square foot 3X1.5F Model at Aspen Village starting from $1,125. The second greatest value Summit Lake apartment is the 2 Bedroom 1 Bath Model at Pinewood Estates starting at $995 with a $0.99 price per square foot. Here is today’s list of the best values for Summit Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Aspen Village | 3X1.5F | 3BR, 1.5BA | $0.83 |
| Pinewood Estates | 2 Bedroom 1 Bath | 2BR, 1BA | $0.99 |
| Prosser Place Estates | 2 Bedroom Upper | 2BR, 1BA | $1.28 |
| Island Place Apartments - On the River | 2 Bedroom 2 Bath Large | 2BR, 2BA | $1.23 |
| The Lofts At City Hall | Two Bedroom | 2BR, 1BA | $1.06 |
| Ross Avenue Apartments | One Bed | 1BR, 1BA | $1.18 |
| Timberwolf Suites Student Apartments | 2BR/1BA | 2BR, 1BA | $0.84 |
| Westside Commons | The Commons | 1BR, 1BA | $1.39 |
| Diamonds Edge | 1 bd Upper | 1BR, 1BA | $1.06 |
| Wausau Columns Apartments | 1 Bedroom | 1BR, 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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Summit Lake, WI Rentals by Map
See the most popular apartments and homes in Summit Lake, WI
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 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 $900 at The Lofts At City Hall.
What is the most affordable Summit Lake Three Bedroom Apartment?
The best deal on a cheap Summit Lake Three Bedroom Apartment rental is at 700 Grand and starts from $651.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.