Summit, NJ rental market

What is the average rent in Summit, NJ?

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Last updated March 9, 2026

Rental market summary

The average rent for all bedrooms and all property types in Summit, NJ is $3,000.

Average rent

$3,000

Month-over-month change

-$400

Year-over-year change

-$220

Available rentals

55

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $1,200 to $9,400.

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Rent frequencies
Rent priceNumber of rental properties
$1,1001
$1,2001
$1,7001
$1,8001
$1,9002
$2,1001
$2,2003
$2,3001
$2,4003
$2,5003
$2,6003
$2,7005
$2,8005
$2,9005
$3,0004
$3,3001
$3,4009
$3,5009
$4,0001
$4,1002
$4,2001
$5,000+11

Average rent price over time

In the last year, rent has decreased by $220 compared to the previous year.

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Average rent price over time
Last year (2025)This year (2026)
Jan$3,250$3,500
Feb$3,100$3,400
Mar$3,295$3,015
Apr$3,100No data
May$3,340No data
Jun$3,100No data
Jul$3,155No data
Aug$3,300No data
Sep$3,200No data
Oct$3,400No data
Nov$3,070No data
Dec$3,250No data

Market temperature

The Summit, NJ rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in Summit, NJ is 50% higher than the national average.

Summit, NJvs.

$3,000

$2,000

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Frequently asked questions

1. What is the average rent in Summit, NJ?

The average rent in Summit, NJ is $3,000.

2. What is the average rent for a one-bedroom apartment in Summit, NJ?

The average rent for a one-bedroom apartment in Summit, NJ is $2,300 per month.

3. What is the average rent for a two-bedroom apartment in Summit, NJ?

The average rent for a two-bedroom apartment in Summit, NJ is $2,900 per month.

4. What is the average rent for a three-bedroom apartment in Summit, NJ?

The average rent for a three-bedroom apartment in Summit, NJ is $3,500 per month.

5. What is the average rent for a four-bedroom apartment in Summit, NJ?

The average rent for a four-bedroom apartment in Summit, NJ is $7,350 per month.

6. How much does it cost to rent a house in Summit, NJ?

Houses in Summit, NJ rent between $1,200 - $9,400 with an average rent of $3,000.

7. How has the rent in Summit, NJ changed in the last year?

In the last year, the rent in Summit, NJ decreased by $220

8. How much has the rent in Summit, NJ increased/decreased in the last month?

In the last month, the rent in Summit, NJ decreased by $400

9. How many available rentals are there in Summit, NJ?

There are currently 55 rentals available in Summit, NJ.

10. How do rent prices in Summit, NJ compare with the national average?

The average rent in Summit, NJ is $3,000 — 50% higher the national average of $2,000.