
Cheap Apartments for Rent in Summit, WI from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Summit.


Total Monthly Price
114 N Main St, Unit 2 Bed Upper

Parkside Apartments

Grace Manor Apts., LLC

246 N Fowler St

Whitman Park Apartments

Parquelynn Village

The Locklyn
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.

The Frederick

Lake Country Village Apartments

Berkshire Oconomowoc Senior Apartments

Hackney House Apartments

Whitman Place Apartments

Wells Street Station

Norden Range Apartments

171 Wolf Dr
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.

Bolson Drive Apartments

4175 N 91st St

817 Arcadian Ave

Edgewater Apartments

320 Edward St

7650 W Leon Terrace

266 Cory Ave

W246N6713 Champeny Ct
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.
Summit, WI Local Guide

How much does it cost to rent an apartment in Summit?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Summit Studio Apartments | $1,436 | $1,410 | $1,450 |
| Summit 1 Bedroom Apartments | $1,698 | $519 | $3,720 |
| Summit 2 Bedroom Apartments | $2,112 | $617 | $6,339 |
| Summit 3 Bedroom Apartments | $2,612 | $719 | $7,603 |
Browse Top Apartments in Summit
See all Apartments in SummitExplore Summit
Summit, WI Local Guide
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Cheapest Available Summit Apartments for Rent and Nearby
 The cheapest available apartment rental in Summit, WI is a 1 Bed unit found at Oconomowoc School Apartments in the Hickorywood Farms neighborhood priced from $935. Parquelynn Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,404. Here is today’s list of the most affordable Summit apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oconomowoc School Apartments | 1x1-113 | 1BR,1BA | $935 |
| Parquelynn Village | Oakwood | 2BR,1BA | $1,404 |
| Berkshire Oconomowoc Senior Apartments | Unit H | 2BR,1BA | $1,458 |
| Whitman Place Apartments | Two Bedroom Deluxe | 2BR,2BA | $1,595 |
| Delafield Woods Apartments | 1BR/1.0BA | 1BR,1BA | $1,650 |
Best Value Apartments for Rent in Summit, WI and Nearby
As of June 13, 2026 the best value apartment in the Summit area is the $2.10 price per square foot THA Model at Hackney House Apartments in the in the Hickorywood Farms neighborhood starting from $3,292. The second greatest value Summit apartment is the C2-G Model at Norden Range Apartments starting at $2,994 with a $1.91 price per square foot in the Hickorywood Farms neighborhood. 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. |
|---|---|---|---|
| Hackney House Apartments | THA | 2BR,2.5BA | $2.10 |
| Norden Range Apartments | C2-G | 3BR,2BA | $1.91 |
| Whitman Place Apartments | Two Bedroom Deluxe | 2BR,2BA | $1.39 |
| The Locklyn | Phase One - 2 Bedroom, 2 Bathroom with Garage | 2BR,2BA | $2.10 |
| THE GATEWAY | 2 Bedrooms 2 Bathrooms Collins | 2BR,2BA | $1.82 |
| Parquelynn Village | Summit | 2BR,1.5BA | $1.34 |
| 863 S Silver Lake St, Unit Lower unit | 863 S Silver Lake St | 3BR,1BA | $2.11 |
| Oconomowoc School Apartments | 1x1-113 | 1BR,1BA | $1.01 |
| Berkshire Oconomowoc Senior Apartments | Unit H | 2BR,1BA | $1.65 |
| Delafield Woods Apartments | 1BR/1.5BA | 1BR,1.5BA | $2.11 |
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 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, WI Rentals by Map
See the most popular apartments and homes in Summit, WI
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 $935 at Oconomowoc School 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 $1,404 at Parquelynn Village.
What is the most affordable Summit Three Bedroom Apartment?
The best deal on a cheap Summit Three Bedroom Apartment rental is at The Locklyn and starts from $2,670.
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

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.

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.

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.