Summit, NJ Rental Market Trends
What is the average rent in Summit?
The average rent for an apartment in Summit is $2,365. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Summit, NJ
Last updated January 2023
| Average Rent | Average Apartment Size |
|---|---|
| $2,365 | 898 sq. ft. |
What is the average apartment size in Summit?
The average size for a Summit, NJ apartment is 898 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.
Summit, NJ apartment rent ranges
Summit, NJ Occupied Housing Units
2,209 or 29% of the households in Summit, NJ are renter-occupied while 5,525 or 71% are owner-occupied.
Summit, NJ rent trends
How Summit Compares to Other Cities
| City | Average Rent |
|---|---|
| Manhattan | $4,501 |
| Jersey Shore | $1,965 |
| Jersey City | $3,484 |
| Brooklyn | $3,252 |
| Bronx | $1,682 |
| Queens | $2,798 |
| Stamford | $2,853 |
| Newark | $1,382 |
| East Orange | $1,590 |
| Hoboken | $4,060 |
| Elizabeth | $1,575 |
| Rahway | $2,150 |
| Yonkers | $2,227 |
| Camden | $1,158 |
| White Plains | $3,125 |
| Trenton | $1,663 |
| New Rochelle | $2,499 |
| Long Branch | $2,612 |
| Summit | $2,365 |
| New Brunswick | $2,298 |
| Linden | $1,680 |