Summit, NJ Homes for Rent

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  $8,700 Per Month

  • 1 Bed
  • 1 Bath
  • Condo for Rent

  41 Springfield Ave, Summit, NJ 07901

  Premier Assisted Living, Memory Care & Respite Living in Summit. Brandywine offers assisted living, memory care, and short-term respite care in a well-appointed community ideally located near downtown Summit, major highways, shopping, dining, and medical services. Designed to promote comfort, connection, and daily engagement, the community provides a supportive residential setting with

  

  Sean Quinn

  COMPASS NEW JERSEY, LLC

  

  41 Springfield Ave, Summit, NJ 07901
• Explore Summit

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  Starting at $2,350 Per Month

  • 1 - 2 Beds

  548 Springfield Ave, Summit, NJ 07901

  *Advertised photos may not be of actual unit available, please contact for more details.Manley Court Apartments offers spacious, upscale one bedroom apartments and two bedroom townhomes. Extraordinary downtown shopping, dining and the ''Mid-Town Direct'' train station is just a few blocks away. Conveniently located in Summit, we are only a five minute drive to the world famous Short

  Manley Court

  

  548 Springfield Ave, Summit, NJ 07901
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  $6,700 Per Month

  • 1 Bath
  • Condo for Rent

  41 Springfield Ave, Summit, NJ 07901

  Premier Assisted Living, Memory Care & Respite Living in Summit. Brandywine offers assisted living, memory care, and short-term respite care in a well-appointed community ideally located near downtown Summit, major highways, shopping, dining, and medical services. Designed to promote comfort, connection, and daily engagement, the community provides a supportive residential setting with

  

  Sean Quinn

  COMPASS NEW JERSEY, LLC

  

  41 Springfield Ave, Summit, NJ 07901
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  Starting at $2,805 Per Month

  • 2 Beds

  26 Constantine Place, Summit, NJ 07901

  *Advertised photos may not be of actual unit available, please contact for more details.Constantine Village is located in the picturesque community of Summit, NJ. Residents enjoy lush landscaping within a quiet, peaceful environment. You will enjoy the spacious apartments, wonderful neighborhood as well as one of NJs best school systems.Extraordinary downtown shopping,

  Constantine Village

  

  26 Constantine Place, Summit, NJ 07901
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  $4,500 Per Month

  • 3 Beds
  • 2.5 Baths
  • Apartment for Rent

  31 Morris Ave, Summit, NJ 07901

  completely renovated 3 bedroom, 2 full and 1 half bath side by side duplex offering four levels of finished living space. You can be the first tenant in this beautiful space. Walking in the door from the driveway you are greeted by a mudroom, coat closet, and the open concept kitchen. The kitchen offers stainless steel appliances, large island, and pantry. The dining room has a large bay window

  

  Jesse Flowers

  COLDWELL BANKER REALTY

  

  31 Morris Ave, Summit, NJ 07901
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  Starting at $7,825 Per Month

  • 2 Beds

  1 Fineran Way, Short Hills, NJ 07078

  Find a luxury apartment home in Short Hills at The Upton. Enjoy golf course views, walk-in closets, balconies, a fitness studio, golf simulator, coworking space, wine cellar with private lockers, private dining room for catering, kids playroom and a resort-style sun deck with a pool and grills.

  The Upton Short Hills

  

  1 Fineran Way, Short Hills, NJ 07078
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  Starting at $3,175 Per Month

  • 2 Beds

  123-127 Summit Ave, Summit, NJ 07901

  Charming, semi-renovated apartment in the heart of downtown Summit. Easy, walkable access to 200 shops, restaurants and the Summit Train Station. The community maintains a wide array of amenities including on-site parking, fitness center, club room, and rooftop terrace. Many units have new kitchens and bathrooms, an individually controlled HVAC system, in-unit washers and dryers and beautiful

  123-127 Summit Ave

  123-127 Summit Ave, Summit, NJ 07901
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  Starting at $2,600 Per Month

  • 1 Bed

  105 New England Ave, Summit, NJ 07901

  New England Village is located in one of Summit's oldest sections of town with sprawling trees and beautiful Victorian homes. Our apartments are completely renovated with kitchens featuring cherry finished cabinets, brand-new stainless steel appliances and ceramic tile floors. The apartment homes also have beautiful hardwood floors, plenty of closet space. This community has a qualified,

  New England Village

  

  105 New England Ave, Summit, NJ 07901
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  Starting at $3,540 Per Month

  • 2 - 3 Beds

  100 Briant Park Dr, Springfield, NJ 07081

  This spectacular community overlooks a beautiful lake and is surrounded by a park setting making it one of Garden Communities most dazzling properties. With our ideal location and extensive amenity package, Lakeside at Briant Park has everything you are looking for in a new apartment home. Our spacious two and three bedroom residences offer you the best of comfort and convenience, from a washer

  Lakeside at Briant Park

  

  100 Briant Park Dr, Springfield, NJ 07081
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  Starting at $2,600 Per Month

  • 1 - 3 Beds

  26 Locust Dr, Summit, NJ 07901

  Welcome to Parc at Summit, where comfort, style, and everyday convenience come together in one of New Jersey’s most charming towns. Perfectly located at 26 Locust Avenue in the heart of downtown Summit, Parc offers spacious one-, two-, and three-bedroom residences, each thoughtfully designed with modern layouts, bay windows, and stainless steel appliances.Step outside into your own

  The Parc at Summit

  

  26 Locust Dr, Summit, NJ 07901
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  Starting at $3,950 Per Month

  • 2 Beds

  545 Morris Ave, Summit, NJ 07901

  Devonshire model. Enjoy over 1400 SF of luxury living. The Promenade at Summit, where luxury is standard, has something for everyone. These luxurious two bedroom, two bath condos are conveniently located blocks away from downtown Summit where residents can enjoy excellent restaurants, specialty shops and fine clothing stores. Our homes feature designer gourmet kitchens, granite countertops,

  The Promenade at Summit

  

  545 Morris Ave, Summit, NJ 07901
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  Starting at $3,750 Per Month

  • 2 Beds

  94-96 New England Ave, Summit, NJ 07901

  Berkshire Gardens is located in one of Summit's oldest sections of town with sprawling trees and beautiful Victorian homes. Our townhouses are completely renovated with kitchens featuring cherry or maple finished cabinets, brand new appliances and ceramic tile floors. Our townhouse homes also have beautiful hardwood floors, plenty of closet space and are wired with FIOS and cable. They also have

  Berkshire Gardens

  

  94-96 New England Ave, Summit, NJ 07901
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  Starting at $1,850 Per Month

  • 1 - 2 Beds

  851 Springfield Ave, Summit, NJ 07901

  The border of picturesque, historic Summit/New Providence is the perfect location for Spring Garden Apartments. Our property offers unique garden apartments within walking distance to public transportation and minutes to shopping and fine dining.New Providence schools rated #1

  Spring Gardens Apartments

  

  851 Springfield Ave, Summit, NJ 07901
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  Starting at $1,600 Per Month

  • Studio - 2 Beds

  851 Springfield Ave, Summit, NJ 07901

  Spring Garden II offers luxury 2 bedroom apartments on the border of Summit/New Providence, NJ. Each unit is provided with updated modern kitchens with DW and microwave. Washer/Dryer in every unit, patio or balcony with each unit, fireplaces !! Intercom entry, on-site parking and elevators make these units especially convenient.

  Spring Gardens

  

  851 Springfield Ave, Summit, NJ 07901
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  $2,800 Per Month

  • 2 Beds
  • 1 Bath
  • Townhouse for Rent

  95 Springfield Ave, Summit, NJ 07901

  Property Id: 2737503 Delightful 2nd floor Apartment with lots of natural light. Spacious kitchen and living room. Central AC/Forced Hot Air, is sure to please on those cold and hot days. Seconds away from park, restaurants and major transportation. Apartment was just completely painted last year, washer/dryer in unit, recess lighting, two parking spots outside and an area for barbeque.

  95 Springfield Ave, Summit, NJ 07901
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  $3,500

  Total Monthly Price

  • 3 Beds
  • 1.5 Baths
  • 1,650 Sq Ft
  • Townhouse for Rent

  6 New England Ave, Summit, NJ 07901

  Posted by Nick Sheydin - Elite Realtors of New Jersey Combined annual income should be at least $126,000 a year before taxes Original price of $3750 can be reduced to $3500 if the lease starts within the next 30-45 daysRenovated spacious townhouse for rent1650 square feet2 bedrooms + finished basement 1.5 bathsFinished

  6 New England Ave, Summit, NJ 07901
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  $4,300

  Total Monthly Price

  • 2 Beds
  • 2.5 Baths
  • 1,834 Sq Ft
  • Condo for Rent

  158 Broad St Unit 156 A, Summit, NJ 07901

  This stunning townhouse, built in 2020, offers the ultimate in convenience with its prime location near town, train, and commuting options in Summit. Prepare to be impressed as you step inside and experience the exceptional quality of construction.The attention to detail is evident throughout the home, boasting exquisite millwork, gleaming hardwood floors, and a chef's kitchen. The open floorplan

  158 Broad St Unit 156 A, Summit, NJ 07901
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  $3,500

  Total Monthly Price

  • 2 Beds
  • 1.5 Baths
  • 1,650 Sq Ft
  • Townhouse for Rent

  50 New England Ave Unit A, Summit, NJ 07901

  Posted by Nick Sheydin - Elite Realtors of New Jersey Renovated spacious townhouse for rent1650 square feet2 bedrooms + finished basement 1.5 bathsFinished basement could be used as office room or third bonus roomHardwood floors throughoutCentral air and heatAll stainless steel kitchen appliances included (stove, fridge,

  50 New England Ave Unit A, Summit, NJ 07901
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  $4,300 Per Month

  • 2 Beds
  • 2.5 Baths
  • Townhouse for Rent

  156 Broad St Unit A, Summit, NJ 07901

  Experience elevated rental living in this exceptional custom-built townhome, ideally situated in the heart of Summit one of New Jersey's most sought-after commuter communities with direct train service to Manhattan, a vibrant downtown, award-winning schools, and premier dining and shopping just moments away.Thoughtfully designed across three beautifully finished levels, this sophisticated

  Barbara Lewis KELLER WILLIAMS REALTY

  

  156 Broad St Unit A, Summit, NJ 07901
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  $2,650 Per Month

  • 1 Bed
  • 1 Bath
  • 887 Sq Ft
  • Condo for Rent

  23 Gates Ave Unit 2, Summit, NJ 07901

  Renovated 2nd-floor apartment in a great Summit location. This bright unit features 1bedroom+office/bedroom, a large living room, and a modern kitchen with quartz countertops and stainless steel appliances. Updated bathroom, Hardwood floors, Washer & dryer in unit, Central air, 2 Car Parking, Pet friendly & Water includedWalking distance to shopping, dining, parks, and transportation.

  23 Gates Ave Unit 2, Summit, NJ 07901
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  $5,800 Per Month

  • 4 Beds
  • 2.5 Baths
  • House for Rent

  137 Passaic Ave, Summit, NJ 07901

  An Exclusive 6-Month Rental Opportunity in a Prime Summit Location!Perfect for renovating, relocating, or transitioning, this rare 6-month lease offers entry into one of Northern NJ's top communities. This meticulously maintained 4 BR, 2.1 Bath Center Hall Colonial is truly bigger than it looks, blending classic elegance with modern flow.The main level features a formal Living Room with a

  Elaine Hinnegan COLDWELL BANKER REALTY

  

  137 Passaic Ave, Summit, NJ 07901
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  $6,500 Per Month

  • 3 Beds
  • 5 Baths
  • 1,500 Sq Ft
  • Townhouse for Rent

  18 Walnut St, Summit, NJ 07901

  Open House Thursday July 30th 4pm-7pmBe the first to live in these brand-new construction, luxury, pet-friendly duplex/townhomes available for short- or long-term rental in a prime Summit location, just a short walk to the train, downtown shopping, and restaurants. Both 18A and 18B offer identical floor plans featuring 3 bedrooms, 3 full bathrooms, and 2 half bathrooms. The spacious

  18 Walnut St, Summit, NJ 07901
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  $2,600 Per Month

  • 2 Beds
  • 1 Bath
  • Apartment for Rent

  95 Springfield Ave, Summit, NJ 07901

  Delightful 2nd floor Apartment with lots of natural light. Spacious kitchen and living room. Central AC/Forced Hot Air, is sure to please on those cold and hot days. Seconds away from park, restaurants and major transportation. Apartment was just completely painted last year, washer/dryer in unit, recess lighting, two parking spots outside and an area for barbeque.

  FREDERICO VIEGAS SKY REALTY ASSOCIATES

  

  95 Springfield Ave, Summit, NJ 07901
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  $2,650 Per Month

  • 2 Beds
  • 1 Bath
  • Apartment for Rent

  353 Springfield Ave, Summit, NJ 07901

  Located in the heart of Summit, this spacious apartment offers an open layout, hardwood floors, a large kitchen with plenty of cabinet space, and generous natural light throughout. Enjoy the added privacy of a separate rear entrance while staying close to everything Summit has to offer. A great combination of space, privacy, and convenience.

  LORENZO VERDICCHIO HALO REALTY

  

  353 Springfield Ave, Summit, NJ 07901
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  $2,695 Per Month

  • 1 Bed
  • 1 Bath
  • Apartment for Rent

  49 Park Ave Unit 2, Summit, NJ 07901

  Very spacious, great layout, 10' ceilings ,recessed lighting w/dimmers, oak flooring throughout, quarts counters, large center island,stainless appliances,full size washer/dryer. Lots of windows, bright and spacious, open concept layout. Large tiled bath with glass shower and two sinks ,bedroom has 6x6 walk-in closet. New central air and heat. Storage in basement, Off street parking. Assigned

  SCOTT J. MENNIG KELLER WILLIAMS REALTY

  

  49 Park Ave Unit 2, Summit, NJ 07901
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  $1,795 Per Month

  • 1 Bed
  • 1 Bath
  • Apartment for Rent

  2 Beech Spring Dr Unit 7, Summit, NJ 07901

  1 Bedroom Apartment In Desirable Beech Spring Apartments... Close to train station, shopping and more! Great Rental!!! ...... smaller one bedroom

  Christopher Bruscino REALTY EXECUTIVES EXCEPTIONAL

  

  2 Beech Spring Dr Unit 7, Summit, NJ 07901
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  $2,650 Per Month

  • 2 Beds
  • 1 Bath
  • Apartment for Rent

  23 Gates Ave, Summit, NJ 07901

  Renovated 2nd-floor apartment in a great Summit location. This bright unit features 1 bedroom + Office, a large living room, and a modern kitchen with quartz countertops and stainless steel appliances. Updated bathroom, Hardwood floors, Washer & dryer in unit, Central air, 2 Car Parking, Pet friendly & Water included. Walking distance to shopping, dining, parks, and transportation.

  Alyssa Pereira COLDWELL BANKER REALTY

  

  23 Gates Ave, Summit, NJ 07901
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  $2,250 Per Month

  • 1 Bed
  • 1 Bath
  • Apartment for Rent

  7 Norwood Ave Unit 1, Summit, NJ 07901

  Charming1-bedroom, freshly painted apartment showcasing timeless architectural details, with an abundance of natural light. Featuring elegant coffered soaring high ceilings, beautiful hardwood floors, oversized bay windows, 2 decorative fireplaces and French doors. This home offers warmth and character rarely found in today's rental market. The spacious open concept living room, dining & kitchen

  Aisha Kaloshi COLDWELL BANKER REALTY

  

  7 Norwood Ave Unit 1, Summit, NJ 07901
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  $1,650 Per Month

  • 1 Bed
  • 1 Bath
  • Condo for Rent

  68-86 New England Ave Unit 21, Summit, NJ 07901

  Fantastic location and apartment in New England Gardens Condominium Complex. Fresh paint and newly refinished wood floors. SS appliances including D/w. Near town, schools, and transportation.

  TERRI E. HUTCHINSON COMPASS NEW JERSEY, LLC

  

  68-86 New England Ave Unit 21, Summit, NJ 07901
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  $4,300 Per Month

  • 4 Beds
  • 2 Baths
  • Apartment for Rent

  23 William St, Summit, NJ 07901

  Discover modern luxury living in the heart of Summit in this beautifully renovated side-by-side home. Designed with elegance and comfort in mind, this bright and spacious residence features an open-concept layout filled with natural light and rich hardwood flooring throughout all three levels.Unit A offers 4 bedrooms and 2 full baths, providing exceptional space and flexibility. The main level

  XIAOXIAN CHAN KELLER WILLIAMS REALTY

  

  23 William St, Summit, NJ 07901
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  $2,700 Per Month

  • 2 Beds
  • 1 Bath
  • Condo for Rent

  67-75 New England Ave Unit 69b, Summit, NJ 07901

  This well appointed 2 bedroom, second-floor apartment puts you steps from the boutique shops, acclaimed restaurants, and vibrant energy of downtown Summit ? and just a short walk to NJ Transit for a seamless commute into New York City. From the moment you walk in, you'll be struck by how bright and spacious it feels. The expansive living area offers plenty of room to relax, entertain, or unwind.

  Tyler Pontier COMPASS NEW JERSEY, LLC

  

  67-75 New England Ave Unit 69b, Summit, NJ 07901
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  $2,900 Per Month

  • 2 Beds
  • 1 Bath
  • 1,100 Sq Ft
  • Apartment for Rent

  83-85-87 Summit Unit 3A, Summit City, NJ 07901

  Recently renovated 2 Bedroom plus bonus room, spacious apartment in downtown Summit, NJ. This unit was recently renovated and offers modern living in Summit, close to all amenities the downtown has to offer and walking distance to NYC direct train line. Summit is the Jewel of Union county and offers a wide range of activities, food, shopping and top level schools. The unit boasts wood flooring,

  PATRICK JON DRISCOLL DRISCOLL REAL ESTATE LLC

  

  83-85-87 Summit Unit 3A, Summit City, NJ 07901
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  $1,400 Per Month

  • 1 Bath
  • Condo for Rent

  513 Morris Ave, Summit, NJ 07901

  Spacious and versatile commercial space available in the heart of Summit! This unique property features 3 private rooms/offices, 1 full bathroom, generous open space, and a large full basement ideal for workshop, storage, inventory, studio, or business operations (not for residential use). Perfect setup for professional offices, creative workspace, medical, consulting, retail service, or small

  Brian Martinez PREMIER HOMES

  

  513 Morris Ave, Summit, NJ 07901
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  $6,500 Per Month

  • 3 Beds
  • 4 Baths
  • Apartment for Rent

  18 Walnut St Unit B, Summit, NJ 07901

  Be the first to live in these brand-new construction, luxury, pet-friendly duplex/townhomes available for short- or long-term rental in a prime Summit location, just a short walk to the train, downtown shopping, and restaurants. Both 18A and 18B offer identical floor plans featuring 3 bedrooms, 3 full bathrooms, and 2 half bathrooms. The spacious interior features a gourmet kitchen with quartz

  Alyssa Pereira COLDWELL BANKER REALTY

  

  18 Walnut St Unit B, Summit, NJ 07901
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  $2,975 Per Month

  • 1 Bed
  • 1 Bath
  • Apartment for Rent

  803 Springfield Ave Unit C, Summit, NJ 07901

  Gorgeous 1 BR/1BA apartment located on 2nd level of a fully renovated building. Secure, shared lobby offers steps to onnly two residential units Enjoy high ceilings, SS Samsung appliances, many decorative touches & abundant natural light. Sunny living room opens to gourmet kitchen with "Meganite" countertops & breakfast bar, ample cabinet storage & closet/pantry. Vast spa-like bath hosts

  Sherrie Natko COMPASS NEW JERSEY, LLC

  

  803 Springfield Ave Unit C, Summit, NJ 07901
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  $2,100 Per Month

  • 1 Bed
  • 1 Bath
  • Condo for Rent

  800 Old Springfield Ave, Summit, NJ 07901

  Spacious 1-bedroom, 1-bath condominium located on the second floor in a convenient location across from the New Providence train station and adjacent to Kings Food Market. This well-maintained unit offers a functional layout with generously sized living and dining areas, a spacious bedroom, and ample storage. Enjoy easy access to shopping, dining, parks, and major transportation routes. A great

  Angelica Prendez SIGNATURE REALTY NJ

  

  800 Old Springfield Ave, Summit, NJ 07901
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  $6,500 Per Month

  • 3 Beds
  • 5 Baths
  • Apartment for Rent

  18 Walnut St Unit A, Summit, NJ 07901

  Be the first to live in these brand-new construction, luxury, pet-friendly duplex/townhomes available for short- or long-term rental in a prime Summit location, just a short walk to the train, downtown shopping, and restaurants. Both 18A and 18B offer identical floor plans featuring 3 bedrooms, 3 full bathrooms, and 2 half bathrooms. The spacious interior features a gourmet kitchen with quartz

  Alyssa Pereira COLDWELL BANKER REALTY

  

  18 Walnut St Unit A, Summit, NJ 07901
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  $2,250 Per Month

  • 2 Beds
  • 1 Bath
  • Condo for Rent

  390 Morris Ave Unit 8, Summit, NJ 07901

  Prime location near major roadways, shopping, restaurants, and the town center. NYC bus stops right in front of the building, and it's just a 12-minute walk to the dual train lines to NYC. Features a renovated kitchen and remodeled full bath, freshly painted interior, and new carpeting over hardwood floors. Tenant has access to washer/dryer in the adjacent building. Assigned parking space

  XIAOXING ZHAO COMPASS NEW JERSEY, LLC

  

  390 Morris Ave Unit 8, Summit, NJ 07901
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  $5,800 Per Month

  • 3 Beds
  • 4 Baths
  • House for Rent

  17 Grove St, Summit, NJ 07901

  Nestled in a private, quiet cul-de-sac, this picture-perfect Colonial offers move-in perfection with a modern open-concept layout that flows seamlessly from the eat-in kitchen to the living and dining rooms. The home features a luxurious primary suite with soaring ceilings and a beautiful primary bath, complemented by a fully finished lower level that provides excellent additional living space. A

  XIAOXING ZHAO COMPASS NEW JERSEY, LLC

  

  17 Grove St, Summit, NJ 07901
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  $3,500 Per Month

  • 3 Beds
  • 2 Baths
  • Apartment for Rent

  9 Cottage Ln, Summit, NJ 07901

  Assigned to highly rated Brayton Elementary School (as confirmed by Summit BOE). Spacious and well-maintained first-floor apartment offering 3 bedrooms and 2 full baths on a quiet lane in a convenient Summit location less than a mile from vibrant downtown Summit, the NJ Transit train station, shopping, dining, and everyday conveniences.Featuring exceptional storage rarely found in rental

  Tina Heintz PROMINENT PROPERTIES SIR

  

  9 Cottage Ln, Summit, NJ 07901

Showing Results 1 - 40, Page 1 of 2

Why Live in Summit

Summit, New Jersey, located 23 miles east of Manhattan, offers a small-town atmosphere with a rich history and vibrant downtown. Known for its nationally recognized schools, including Lincoln-Hubbard Elementary School, Summit Middle School, and Summit Senior High School, the area is a draw for families. The high school is notable for its award-winning performing arts department and nationally ranked lacrosse team. Summit's housing market features a range of Colonials and Craftsman-style homes, often renovated to maintain their historical integrity. The city boasts a low crime risk compared to the national average, enhancing its appeal.

For those seeking things to do, Summit offers numerous parks such as Briant Park, which includes picnic areas, athletic fields, and a pond for seasonal activities. The Summit Community Center, renovated in 2019, provides various amenities including gyms and a game room. The Union County Open Space & Recreation Park offers access to the expansive Watchung Reservation, ideal for hiking and horseback riding. Downtown Summit, particularly Springfield Avenue, is lined with diverse dining options like Roots Steakhouse and Ani Ramen, as well as unique shops such as Scotti's Record Shop. The Summit Farmers Market is a popular spot from late April to Thanksgiving.

Cultural attractions include the historic Summit Opera House and the Summit Playhouse, one of the oldest continuously operating amateur theaters in the U.S. The Visual Arts Center of New Jersey offers workshops and summer camps. Commuters benefit from two train stations providing access to New York City, as well as bus services to Newark and Manhattan. Newark Liberty International Airport is about 15 minutes away via I-78.

Learn more about living in Summit

Frequently Asked Questions

How much does it cost to rent a home in Summit, NJ?

The median rent for a home in Summit, NJ is $4,125 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.

How much do you need to make to afford rent in Summit, NJ?

To comfortably afford the median rent in Summit, NJ, a household needs to earn roughly $165,000 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 $4,125 per month in Summit, NJ, renters typically need to show $12,375 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 Summit, NJ?

In Summit, NJ, the price-to-rent ratio is 32.1, 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.

Rental Trends in Summit, NJ

There are currently 52 homes available for rent in Summit, NJ. The median rent is $4,125 per month, with single-family homes renting at $5,600, townhouses at $4,300 and condos at $2,450.

Rental Home Trends

Number of Homes for Rent 52	Median Rent $4,125
Median Single Family Home Rent $5,600	Median Townhouse Rent $4,300
Median Condo Rent $2,450