Summit, NJ rental market

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Last updated August 19, 2025

Rental market summary

The average rent for all bedrooms and all property types in Summit, NJ is $3,256.

Average rent

$3,256

Month-over-month change

-$44

Year-over-year change

+$154

Available rentals

43

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $1,300 to $15,000.

Rent frequencies
Rent priceNumber of rental properties
$1,2001
$1,3001
$1,9001
$2,0001
$2,1001
$2,2002
$2,3002
$2,4001
$2,5005
$2,6002
$2,7001
$2,8001
$2,9004
$3,0002
$3,1001
$3,2004
$3,3003
$3,4006
$3,5006
$3,6003
$3,9002
$4,0001
$4,3002
$5,000+5

Average rent price over time

In the last year, rent has increased by $154 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$2,900$3,250
Feb$2,975$3,100
Mar$2,954$3,295
Apr$2,860$3,100
May$2,950$3,340
Jun$2,615$3,100
Jul$2,825$3,155
Aug$2,920$3,300
Sep$3,103No data
Oct$3,000No data
Nov$3,400No 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 55% higher than the national average.

Summit, NJvs.

$3,256

$2,100

Rent in Summit, NJ

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Frequently asked questions

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

The average rent in Summit, NJ is $3,256.

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

Houses in Summit, NJ rent between $1,300 - $15,000 with an average rent of $3,256.

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

In the last year, the rent in Summit, NJ increased by $154

4. 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 $44

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

There are currently 43 rentals available in Summit, NJ.

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

The average rent in Summit, NJ is $3,256 — 55.05% higher the national average of $2,100.