Rentometer, Inc. | Data as of 12/04/2025
Summit, New Jersey, offers a vibrant rental market that blends historic charm with modern convenience. Renters can choose from a mix of well‑maintained apartments and spacious single‑family homes, each set within tree‑lined streets and close to the lively downtown core. The city’s walkable retail corridor, boutique cafés, and easy access to the Summit train station make it an ideal base for commuters heading to New York City or other parts of northern New Jersey.
Apartment seekers will find a variety of options, from efficient one‑bedroom units typically priced in the $2500 range to larger two‑bedroom layouts that command around the $3300‑$3500 range. Families and professionals preferring a house can enjoy two‑bedroom homes averaging roughly $3000, while three‑bedroom properties are often listed near the $4000 range. For those needing ample space, four‑plus bedroom residences reach the $6000+ tier, offering generous living areas and often featuring yards or upgraded amenities.
The rental landscape is further enhanced by Summit’s renowned neighborhoods such as the historic Oakwood and the newer Hillcrest district, each providing distinct character and a strong sense of community. Proximity to attractions like the Reeves‑Reed Arboretum, Summit Community Center, and top‑rated schools adds to the city’s appeal, making it a sought‑after destination for renters seeking both convenience and quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $2,500 | $2,512 | $2,275 - $2,800 | $2,395 - $2,600 |
| Apartment | 2 Bedroom | $3,464 | $3,297 | $2,770 - $5,650 | $2,950 - $3,650 |
| House | 2 Bedroom | $3,022 | $3,000 | $2,100 - $4,500 | $2,700 - $3,200 |
| House | 3 Bedroom | $4,137 | $3,900 | $2,350 - $6,050 | $3,300 - $5,500 |
| House | 4+ Bedroom | $6,673 | $6,000 | $3,600 - $10,800 | $5,500 - $8,500 |
In the current period, the average rent in Summit was $2,493 for 1 Bedroom, $3,291 for 2 Bedroom, $4,119 for 3 Bedroom, and $5,729 for 4+ Bedroom.
Data provided by Rentometer, Inc.