Cheap Apartments for Rent in Summit, NJ
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Average Rent Trends in Summit, NJ
Rent in Summit, NJ varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $3,070 |
| Dec 2025 | $3,250 |
| Jan 2026 | $3,500 |
| Feb 2026 | $3,400 |
| Mar 2026 | $3,015 |
| Apr 2026 | $2,860 |
| May 2026 | $3,000 |
| Jun 2026 | $2,900 |
| Jul 2026 | $2,805 |
| Aug 2026 | $3,092 |
| Sep 2026 | $2,900 |
| Oct 2026 | $2,950 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,475 | $3,000 | $3,750 | — | $2,800 |
| Townhomes | $3,200 | $3,000 | $3,750 | — | $3,750 |
| Apartments and Condos | $2,200 | $2,800 | $7,800 | — | $2,700 |
| Houses | $2,250 | — | $4,500 | — | $4,500 |
Frequently Asked Questions about Rentals in Summit, NJ
- What is the average rent of an apartment in Summit, NJ?The average rent of an apartment in Summit, NJ is $2,650 per month. This is about 36% higher than the national average.
- What are the cheapest months to find an apartment to rent in Summit, NJ?Last year, the cheapest month to find an apartment to rent was Nov 2025 when it was $3,070 per month.
- How many cheap apartments are available in Summit, NJ?There are 21 apartments to rent that are cheaper than the city’s average rent of $2,800.
- When is the average rent most expensive in Summit, NJ?In the last year, the average rent in Summit, NJ was highest in Oct 2025 when it was $3,400 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Summit, NJ?The average rent of a 1 bedroom apartment in Summit, NJ is $2,475 per month. That is about $650 more than the cost of a studio apartment.
- What are some neighborhoods in Summit, NJ?Some neighborhoods in Summit, NJ include: Tremont Park, Woodland Park.
- What are some zip codes in Summit, NJ?
- What are some cities near Summit, NJ?Some nearby cities include: New Providence, Springfield, Mountainside, Chatham, Short Hills. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Summit, NJ - 52 Rentas | Trulia
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