
Cheap Homes for Rent in Summit, WI from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Summit.


1020 Riverbend Dr

4175 N 91st St

817 Arcadian 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.

320 Edward St

5824 N 117th St

N4527 County Road E

W246N6693 Champeny Ct
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.
Summit, WI Local Guide

How much does it cost to rent a home in Summit?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Summit 2 Bedroom Homes for Rent | $1,337 | $1,025 | $1,950 |
| Summit 3 Bedroom Homes for Rent | $2,324 | $1,695 | $3,595 |
| Summit 4 Bedroom Homes for Rent | $4,660 | $3,000 | $10,000+ |
| Summit 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Top Homes for Rent in Summit
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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. Whitman Park Apartments in the Hickorywood Farms neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,365. 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 |
| Whitman Park Apartments | A-Den | 2BR,1BA | $1,365 |
| Parquelynn Village | Oakwood | 2BR,1BA | $1,450 |
Best Value Apartments for Rent in Summit, WI and Nearby
As of June 23, 2026 the best value apartment in the Summit area is the $1.91 price per square foot C2-G Model at Norden Range Apartments in the in the Hickorywood Farms neighborhood starting from $2,994. The second greatest value Summit apartment is the Two Bedroom Deluxe Model at Whitman Place Apartments starting at $1,595 with a $1.39 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. |
|---|---|---|---|
| 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 | $2.06 |
| THE GATEWAY | 2 Bedrooms 2 Bathrooms Collins | 2BR,2BA | $1.82 |
| Parquelynn Village | Summit | 2BR,1.5BA | $1.49 |
| Whitman Park Apartments | A-Den | 2BR,1BA | $1.35 |
| 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!
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Frequently Asked Questions about Summit
What type of rentals are currently available in Summit?
There are currently 43 Apartments for Rent in Summit, WI with pricing that ranges from $519 to $6,339. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Summit ranging from $750 to $10,000.
What is the current price range for Rental Homes in Summit?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Summit ranges from $750 to $10,000 with an average monthly rent of $2,514.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.