What is the average apartment size in Summit?

The average size for a Summit, NJ apartment is 953 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Summit?

As of Sep / 2025, the average rent in Summit is $2,844 per month, a 1.92% increase from last year’s average of $2,791.

What is the average apartment size in Summit?

The typical apartment in Summit offers about 953 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Summit, NJ Rental Market Trends

Q: What's the typical rent budget in Summit?

The typical rent budget in Summit ranges from $2,501 to $3,000 per month, with 40% of rentals in this range.

Q: Do most people rent or own in Summit?

In Summit, 28% of households rent while 72% own their homes, based on the latest U.S. Census data.

Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Summit is $2,844, a 1.92% increase compared to the previous year, when the average rent was $2,791.

One-bedroom apartments provide 740 square feet for $2,456, balancing privacy and affordability.

Two-beedroom units at $2,962 offer 1,007 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,625 sq ft) for $3,853, suitable for larger households.

Average rent in Summit, NJ

Last updated: October 19, 2025

	Average Rent	Average Apartment Size
All Rentals	$2,844	953 sq. ft.
Studio	n/a	n/a
1 Bed	$2,456	740 sq. ft.
2 Beds	$2,962	1,007 sq. ft.
3 Beds	$3,853	1,625 sq. ft.

Summit, NJ rent trends

Rental prices in Summit, NJ have increased by 1.92% over the past year. The average rent moved from $2,791 to $2,844.

What's the typical rent budget in Summit, NJ?

The largest share of rentals in Summit, NJ (40%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Summit, NJ?

2,294 or 28% of the households in Summit, NJ are renter-occupied while 5,836 or 72% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Summit Compares to Other Cities

City	Average Rent
Summit	$2,844
Jersey City	$3,768
Jersey Shore	$2,148
Newark	$1,746
East Orange	$1,832
Paterson	$1,724
Elizabeth	$1,887
Hoboken	$4,513
Bayonne	$2,633
Camden	$1,418
Princeton	$3,143
Rahway	$2,472
Linden, NJ	$2,085
Plainfield, NJ	$2,073

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Summit apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.