Luxury 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 May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $3,100 |
| Jul 2025 | $3,155 |
| Aug 2025 | $3,300 |
| Sep 2025 | $3,200 |
| Oct 2025 | $3,400 |
| Nov 2025 | $3,070 |
| Dec 2025 | $3,250 |
| Jan 2026 | $3,500 |
| Feb 2026 | $3,400 |
| Mar 2026 | $3,015 |
| Apr 2026 | $2,867 |
| May 2026 | $3,000 |
Average Rent By Bedroom and Home Type
In May 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 | $2,100 | $2,995 | $5,250 | $3,800 | $3,000 |
| Townhomes | — | $3,100 | $3,650 | $3,800 | $3,500 |
| Apartments and Condos | $2,100 | $2,700 | $3,500 | $5,300 | $2,800 |
| Houses | — | — | $5,500 | $4,950 | $5,500 |
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 $2,588 per month. This is about 34% higher than the national average.
- What is the average rent of a house in Summit, NJ?The average rent of a house in Summit, NJ is $4,950 per month. This is about 157% higher than the national average.
- What is the average rent of a townhome in Summit, NJ?The average rent of a townhome in Summit, NJ is $3,500 per month. This is about 81% higher than the national average.
- When is the average rent cheapest in Summit, NJ?In the last year, the average rent in Summit, NJ was lowest in Nov 2025 when it was $3,070 per month.
- 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 many available rental listings are in Summit, NJ?There are 50 available rental listings in Summit, NJ.
- 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.
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