$2,200 Per Month
- 3 Beds
- 1 Bath
- Condo for Rent
246 Summer St Unit 2, Passaic, NJ 07055
Property Id: 2803881 Good location, close to main street and building has bodega in front of apartment building. Largely Hispanic community.
Frequently Asked Questions
How much does it cost to rent a condo in Passaic, NJ?
The median rent for a condo in Passaic, NJ is $2,275 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Passaic, NJ?
To comfortably afford the median rent in Passaic, NJ, a household needs to earn roughly $92,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,300 per month in Passaic, NJ, renters typically need to show $6,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Passaic, NJ?
In Passaic, NJ, the price-to-rent ratio is 15.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Passaic, NJ are best for renting a condo?
