
Cheap Apartments for Rent in Summit, SD from $500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in Summit.


262 2nd St SW

Beardsley Apartments

320 1st St

328 Lake St

Oakes I & II Apartments

700 3rd St
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.

120 Slocum St

122 2nd Ave SW, Unit 1

10 12th Ave NE

Total Monthly Price
Natures Edge Partners LLC

126 1st St SE

1003 Scotts Ave

408 State Ave E
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.

The Oaks

Archer Flats

Wilkeshire Apartments

806 W 5th St

320 1st St

Prairie Park Fairmount Apartments

Heritage Apartments- Morris
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Woodland Park - Ivanhoe

126 1st St SE

316 S 3rd St

308 S 3rd St

608 W 3rd St

409 Atlantic Ave

Ridgeview Manor - Trail I and II
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

213 13th Ave E

Lamplighter Apartments

Cardinal Estates
Summit, SD Local Guide

How much does it cost to rent an apartment in Summit?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Summit Studio Apartments | $904 | $861 | $956 |
| Summit 1 Bedroom Apartments | $969 | $502 | $1,550 |
| Summit 2 Bedroom Apartments | $1,312 | $600 | $1,580 |
| Summit 3 Bedroom Apartments | $1,652 | $900 | $2,100 |
Browse Top Apartments in Summit
See all Apartments in SummitExplore Summit
Summit, SD Local Guide
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Cheapest Available Summit Apartments for Rent and Nearby
 The cheapest available apartment rental in Summit, SD is a 1 Bed unit found at Beardsley Apartments priced from $519. Natures Edge Partners LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $769. Here is today’s list of the most affordable Summit apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Beardsley Apartments | One Bedroom | 1BR,1BA | $519 |
| Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $769 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $840 |
| Archer Flats | Studio | Studio,1BA | $900 |
| 1170 Dewey St | 1 Bed, 1 bath | 1BR,1BA | $920 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $930 |
| The Oaks | 1 Bedroom | 1BR,1BA | $1,050 |
| Marketplace Apartments | D | 1BR,1BA | $1,135 |
Best Value Apartments for Rent in Summit, SD and Nearby
As of January 09, 2026 the best value apartment in the Summit area is the $1.13 price per square foot 3Bed,2.5Bath Model at 1501 N Grove Pl in the starting from $1,700. The second greatest value Summit apartment is the 3 Beds, 2 baths Model at 2217 Overlook Ridge Ct starting at $2,100 with a $1.40 price per square foot . Here is today’s list of the best values for Summit apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1501 N Grove Pl | 3Bed,2.5Bath | 3BR,2.5BA | $1.13 |
| 2217 Overlook Ridge Ct | 3 Beds, 2 baths | 3BR,2BA | $1.40 |
| 122 2nd Ave SW, Unit 1 | 122 2nd Ave SW | 1BR,1BA | $0.73 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
| 133 W Sorenson Ave, Unit One Bedroom Main | 133 W Sorenson Ave | 1BR,1BA | $1.19 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.05 |
| Marketplace Apartments | D | 1BR,1BA | $1.44 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.30 |
| 1170 Dewey St | 1 Bed, 1 bath | 1BR,1BA | $1.53 |
| Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $1.66 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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, SD Rentals by Map
See the most popular apartments and homes in Summit, SD
Frequently Asked Questions about Cheap Summit Apartments
How much is rent for a Cheap One Bedroom Summit Apartment?
The lowest price for a Cheap One Bedroom Summit Apartment is $519 at Beardsley 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 $930 at Lamplighter Apartments.
What is the most affordable Summit Three Bedroom Apartment?
The best deal on a cheap Summit Three Bedroom Apartment rental is at 1501 N Grove Pl and starts from $1,700.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!