Cheap Apartments for Rent in Summit, SD from $500 (31 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

320 1st 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.

328 Lake St

Oakes I & II Apartments

Total Monthly Price
Natures Edge Partners LLC

700 3rd St

10 12th Ave NE

126 1st St SE

1003 Scotts Ave
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.

325-327 3rd St NE

201 7th St W
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.

316 S 3rd St

308 S 3rd St

409 Atlantic Ave

314 S 3rd 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.

213 13th Ave E
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 | $951 | $820 | $1,035 |
| Summit 1 Bedroom Apartments | $841 | $253 | $1,225 |
| Summit 2 Bedroom Apartments | $1,276 | $545 | $1,545 |
| Summit 3 Bedroom Apartments | $1,522 | $650 | $1,795 |
| Summit 4 Bedroom Apartments | $1,275 | $1,275 | $1,275 |
Browse Top Apartments in Summit
See all Apartments in SummitExplore Summit
Summit, SD Local Guide
- Nearby Cities
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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. Prairie Park Fairmount Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $545. 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 |
| Prairie Park Fairmount Apartments | 2 Beds, 1 bath | 2BR,1BA | $545 |
| Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $720 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $810 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $900 |
| Marketplace Apartments | B | 1BR,1BA | $995 |
| Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1,010 |
| The Lofts | F | 2BR,1BA | $1,295 |
Best Value Apartments for Rent in Summit, SD and Nearby
As of November 22, 2025 the best value apartment in the Summit area is the $1.11 price per square foot 3 Bedroom 2 Bathroom Model at East Point Village Apartments in the starting from $1,385. The second greatest value Summit apartment is the 1631 - 2 Bedroom - Galley Model at The Plains starting at $1,495 with a $1.33 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. |
|---|---|---|---|
| East Point Village Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.11 |
| The Plains | 1631 - 2 Bedroom - Galley | 2BR,2BA | $1.33 |
| Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
| The Lofts | F | 2BR,1BA | $1.34 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.01 |
| Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.40 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.26 |
| 103 N Lloyd St, Unit 6 | 103 N Lloyd St | 1BR,1BA | $0.47 |
| 109 5th Ave SE, Unit 7 | 109 5th Ave SE | 1BR,1BA | $0.41 |
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 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
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.

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.











