What's the average rent in Summit, NJ?

Rental Market Trends in Summit, NJ

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Summit, NJ is $2,700 per month, which is 38% higher than the national average rent of $1,951 per month.

AVERAGE RENT

$2,700

-10.0%-$300 decrease month-over-month

-12.9%-$400 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$2,665

HOUSES

$3,950

TOWNHOUSES

$4,995

As of June 2026, apartments are the most affordable rental option in Summit, NJ at $2,665 per month, while townhomes are the most expensive at $4,995 per month. Houses average $3,950 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$2,417
2 Bedrooms	$2,700
3 Bedrooms	$3,900
4 Bedrooms	$6,500
All	$2,700

As of June 2026, the average rent for a 1 bedroom rental in Summit, NJ is $2,417 per month, followed by $2,700 for a 2 bedroom rental, $3,900 for a 3 bedroom rental, and $6,500 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,850
2 Bedrooms	$4,200
3 Bedrooms	$5,250
4 Bedrooms	—
All	$4,995

As of June 2026, the average rent for a 1 bedroom townhome in Summit, NJ is $1,850 per month, followed by $4,200 for a 2 bedroom townhome, and $5,250 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,150
2 Bedrooms	$2,700
3 Bedrooms	$3,400
4 Bedrooms	$5,300
All	$2,700

As of June 2026, the average rent for a 1 bedroom apartment in Summit, NJ is $2,150 per month, followed by $2,700 for a 2 bedroom apartment, $3,400 for a 3 bedroom apartment, and $5,300 for a 4 bedroom apartment.