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Newest Homes for Rent in Summit, IL

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  • 7646 W 63rd Place, Summit, IL 60501
    7646 W 63rd Place, Summit, IL 60501
    7646 W 63rd Place, Summit, IL 60501
    /7

    $2,600 Per Month

    • 5 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • House for Rent

    7646 W 63rd Place, Summit, IL 60501

    Stunning and spacious single-family home in Summit! Step into a beautifully designed main level featuring an open-concept layout with a bright living room, and a fully equipped kitchen with modern cabinetry, stainless steel appliances, and 3 bedrooms and a full bath. The fully finished basement is ideal for entertaining or extended living, complete with a family room, two additional bedrooms, and

    Margarita Patino PMJ Realty

    7646 W 63rd Place, Summit, IL 60501
  • 7210 Park Ave Unit 1, Summit, IL 60501
    7210 Park Ave Unit 1, Summit, IL 60501
    7210 Park Ave Unit 1, Summit, IL 60501
    /8

    $1,550

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 650 Sq Ft
    • Condo for Rent

    7210 Park Ave Unit 1, Summit, IL 60501

    Remodeled Two-Bedroom, One-Bath ApartmentBeautifully remodeled two-bedroom, one-bath apartment located on the first floor of a four-unit apartment building.The apartment features waterproof laminate wood flooring throughout, with ceramic tile in the bathroom. The newly remodeled kitchen includes a brand-new stove and microwave and opens into the living area for a spacious, modern

    7210 Park Ave Unit 1, Summit, IL 60501
  • 7614 W 63rd Place, Summit Argo, IL 60501
    7614 W 63rd Place, Summit Argo, IL 60501
    7614 W 63rd Place, Summit Argo, IL 60501
    /17

    $2,300 Per Month

    • 3 Beds
    • 2 Baths
    • 1,290 Sq Ft
    • House for Rent

    7614 W 63rd Place, Summit Argo, IL 60501

    Newly rehabbed single family home located in the prime Summit area. Featuring 2 bedrooms, 1 bathroom on the main level and a wide open finished basement where another bedroom presents itself. Second full washroom and laundry room located on the lower level. Pet friendly unit . Large backyard.

    Lisa Vlk Realty of America, LLC

    7614 W 63rd Place, Summit Argo, IL 60501
  • 5539-47 W Archer Ave Unit SI ID1391862P, Summit, IL 60501
    5539-47 W Archer Ave Unit SI ID1391862P, Summit, IL 60501
    5539-47 W Archer Ave Unit SI ID1391862P, Summit, IL 60501
    /20

    $16,085

    Total Monthly Price

    • 5 Beds
    • 2 Baths
    • Condo for Rent

    5539-47 W Archer Ave Unit SI ID1391862P, Summit, IL 60501

    The advertised rate of $16,086/month is the lowest available price, based on a 30 day(s) stay with a move-in date of July 16, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    5539-47 W Archer Ave Unit SI ID1391862P, Summit, IL 60501
  • 7411 W 56th St Unit SI ID1391861P, Summit, IL 60501
    7411 W 56th St Unit SI ID1391861P, Summit, IL 60501
    7411 W 56th St Unit SI ID1391861P, Summit, IL 60501
    /20

    $19,879

    Total Monthly Price

    • 5 Beds
    • 2 Baths
    • Condo for Rent

    7411 W 56th St Unit SI ID1391861P, Summit, IL 60501

    The advertised rate of $19,879/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 20, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    7411 W 56th St Unit SI ID1391861P, Summit, IL 60501
Illinois Cook County Summit

Newest Homes for Rent in Summit, IL

Frequently Asked Questions

How much does it cost to rent a home in Summit, IL?
The median rent for a home in Summit, IL is $1,600 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Summit, IL?
To comfortably afford the median rent in Summit, IL, a household needs to earn roughly $64,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,600 per month in Summit, IL, renters typically need to show $4,800 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Summit, IL?
In Summit, IL, the price-to-rent ratio is 18.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Summit, IL are best for renting a home?
The best neighborhood for renting in Summit, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Clearing and Garfield Ridge, each with its own character and price range.

Rental Trends in Summit, IL

There are currently 5 homes available for rent in Summit, IL. The median rent is $1,600 per month, with single-family homes renting at $2,600 and condos at $1,550.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,600
Median Single Family Home Rent
$2,600
Median Condo Rent
$1,550
How to Rent a Home

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