Cheap Apartments for Rent in Summit, SD from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Summit.

511 Main Ave N

262 2nd St SW

Beardsley Apartments

Prairie Park Fairmount Apartments
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.

320 1st St

627 Main St

328 Lake St

700 3rd St

300 S Maple

120 Slocum St
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.

10 12th Ave NE

Lamplighter Apartments

Oakes I & II Apartments

126 1st St NW

Cardinal Estates
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.

The Oaks
Navigating 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.
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 | $867 | $820 | $915 |
Summit 1 Bedroom Apartments | $913 | $294 | $1,275 |
Summit 2 Bedroom Apartments | $1,249 | $545 | $1,980 |
Summit 3 Bedroom Apartments | $1,551 | $650 | $1,975 |
Browse Top Apartments in Summit
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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 Natures Edge Partners LLC priced from $25. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $519. Here is today’s list of the most affordable Summit apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Natures Edge Partners LLC | 1B1B Subsidy | 1BR,1BA | $25 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $519 |
Prairie Park Fairmount Apartments | 2 Beds, 1 bath | 2BR,1BA | $545 |
Oakes I & II Apartments | 3BR/1BA | 3BR,1BA | $900 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1,010 |
Best Value Apartments for Rent in Summit, SD and Nearby
As of July 30, 2025 the best value apartment in the Summit area is the $1.45 price per square foot 1631 - 3 Bedroom Model at The Plains Apartments in the starting from $1,975. The second greatest value Summit apartment is the 3BR/1BA Model at Oakes I & II Apartments starting at $900 with a $0.83 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. |
---|---|---|---|
The Plains Apartments | 1631 - 3 Bedroom | 3BR,2BA | $1.45 |
Oakes I & II Apartments | 3BR/1BA | 3BR,1.5BA | $0.83 |
Marketplace Apartments | F | 2BR,2BA | $1.40 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.40 |
103 N Lloyd St, Unit 6 | 103 N Lloyd St | 1BR,1BA | $0.47 |
Natures Edge Partners LLC | 1B1B Subsidy | 1BR,1BA | $0.05 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Summit, SD
Walk Score®
10 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
27 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $545 at Prairie Park Fairmount Apartments.
What is the most affordable Summit Three Bedroom Apartment?
The best deal on a cheap Summit Three Bedroom Apartment rental is at Prairie Park Fairmount Apartments and starts from $650.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.