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Newest Homes for Rent in Summit, NJ

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  • /35

    Starting at $2,345 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
  • /10

    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
  • /29

    Starting at $3,425 Per Month

    • 1 - 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
  • /23

    Starting at $2,700 Per Month

    • 1 - 2 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
  • /30

    Starting at $3,440 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
  • /19

    $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
  • /11

    $7,300 Per Month

    • 3 Beds
    • 2.5 Baths
    • House for Rent

    75 Club Dr, Summit, NJ 07901

    Welcome home to this charming 3-bedroom, 2.5-bath Colonial nestled in the sought-after Countryside section of New Providence. This well-maintained home offers a spacious family room, an inviting living room with a gas fireplace, a convenient first-floor powder room, and an updated kitchen featuring stainless steel appliances and conveniently located breakfast room.Hardwood floors run throughout

    KAREN TORRENTE COLDWELL BANKER REALTY

    75 Club Dr, Summit, NJ 07901
  • /27

    $4,500 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
  • /23

    $4,750 Per Month

    • 3 Beds
    • 2.5 Baths
    • Townhouse for Rent

    9 Lafayette Ave Unit a, Summit, NJ 07901

    Almost new construction. 3 Bedrooms 2 1/2 Baths. Hardwood Floors throughout. C/A Granite kitchen Brand-new stainless-Steel Appliances. 2 car deep garage.

    ANDY WEISSMAN WEICHERT REALTORS

    9 Lafayette Ave Unit a, Summit, NJ 07901
  • /24

    $3,100 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    20 Van Dyke Place Unit 2, Summit, NJ 07901

    Beautifully renovated 2nd-floor apartment on a quiet, residential Summit street! This bright and airy 2BR, 1BA home features a private entrance, soaring ceilings, and large windows that bathe the space in natural light. The stunning gourmet eat-in kitchen boasts brand-new stainless steel GE appliances, quartz countertops, crisp white cabinetry, and a sleek tile backsplash. Enjoy the convenience

    Meghan Fitzgerald COMPASS NEW JERSEY, LLC

    20 Van Dyke Place Unit 2, Summit, NJ 07901
  • /30

    $4,300 Per Month

    • 3 Beds
    • 2 Baths
    • Condo for Rent

    29 Coachlight Dr Unit 43, Chatham, NJ 07928

    Beautifully updated end-unit townhouse offering privacy and abundant natural light. The first floor features an updated kitchen, living room with a fireplace, dining room with access to a private patio, a first-floor bedroom, and a laundry room for added convenience. Upstairs are two additional bedrooms and a full hall bathroom. Residents enjoy community amenities including a pool and tennis

    Kimberly Kelly KELLER WILLIAMS REALTY

    29 Coachlight Dr Unit 43, Chatham, NJ 07928
  • /19

    $3,500 Per Month

    • 2 Beds
    • 1.5 Baths
    • Townhouse for Rent

    36 Coachlight Dr, Chatham, NJ 07928

    Move in ready and Beautifully updated 2 Bedroom townhome in desirable Coachlight complex. Featuring: Spacious 1st floor Family Rm/Dining Room/ Kitchen open floor plan and gorgeous views of woods and Passaic River from Deck. Bedrooms and laundry room on 2nd floor. Plenty of storage. Bonus features: hardwood floors, finished closets, attached 1 car garage. NO SMOKING.

    Debbie Woerner COLDWELL BANKER REALTY

    36 Coachlight Dr, Chatham, NJ 07928
  • /29

    $4,600 Per Month

    • 3 Beds
    • 2.5 Baths
    • Townhouse for Rent

    125 Summit Ave, Chatham, NJ 07928

    Modern, spacious, newer construction ( 2004) 3 BR 2 1/2 Baths with an open floor-plan. The Kitchen is bright with brand new white shaker style cabinets, quartz countertops and classic white subway backsplash. The Living Room is the perfect place to relax or entertain. Cozy up with a good book by the gas fireplace. Formal Dining area is flooded with light from the French doors which lead out to

    KATHLEEN ANNE FINNERTY-CLARKE COLDWELL BANKER REALTY

    125 Summit Ave, Chatham, NJ 07928
  • /37

    $7,900 Per Month

    • 3 Beds
    • 4 Baths
    • House for Rent

    30 Gates Ave, Summit, NJ 07901

    Gorgeous like new completely renovated single family home with 2 car garage and beautiful back yard: eat in designer kitchen with granite countertops and stainless steel appliances, formal dining room, huge living room with gas fireplace, mud room with custom woodwork, finished basement with half bath, master bedroom wit with en suite bedroom and walk in closet & gas fireplace, washer/dryer on

    TANIA DELLA PIAZZA KELLER WILLIAMS REALTY

    30 Gates Ave, Summit, NJ 07901
  • /27

    Starting at $4,675 Per Month

    • 3 Beds

    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
  • /32

    $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

    Agent Photo

    Jesse Flowers

    COLDWELL BANKER REALTY

    31 Morris Ave, Summit, NJ 07901
  • /3

    $2,800 Per Month

    • 2 Beds
    • 1 Bath
    • Townhouse for Rent

    95 Springfield Ave, Summit, NJ 07901

    Property Id: 2737503Delightful 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
  • /20

    $5,250 Per Month

    • 4 Beds
    • 3.5 Baths
    • Townhouse for Rent

    52 Morris Ave Unit B, Summit, NJ 07901

    STUNNING 4 BR, 3.1 BATH TOWNHOME OFFERS GOURMET KITCHEN, MASTER SUITE, HW, CAC, FINISHED LOWER LEVEL AND MORE! FRESHLY PAINTED THROUGHOUT, LUXURIOUS 4 BR, 3.1 BATH TOWNHOME W/ LARGE ENTRY; SPACIOUS FORMAL LR W/ WB FP AND WALK-OUT TO REAR PATIO;FORMAL DR W/ TRAY CEILING; KITCHEN W/ GRANITE TOPS, SS APPLIANCES AND WALKOUT ACCESS TO PATIO; BUILT-IN 1-CAR GARAGE. SECOND LEVEL INCLUDES MASTER SUITE W/

    Victoria Carter WEICHERT REALTORS

    52 Morris Ave Unit B, Summit, NJ 07901
  • /46

    $15,000 Per Month

    • 6 Beds
    • 5.5 Baths
    • House for Rent

    20 Woodfern Rd, Summit, NJ 07901

    Prepare to fall in love with this exceptional 6-bedroom Colonial, built in 2022 and nestled on a quiet loop road in one of Summit's most desirable neighborhoods. Offering over 6,000 sq ft of beautifully designed living space, this home showcases impeccable craftsmanship, an open floor plan, 10-foot ceilings, and oversized Pella casement windows that fill the home with natural light.A dramatic

    XIAOXING ZHAO COMPASS NEW JERSEY, LLC

    20 Woodfern Rd, Summit, NJ 07901
  • /14

    $2,750 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
  • /35

    $5,400 Per Month

    • 4 Beds
    • 2 Baths
    • House for Rent

    5 Pearl St, Summit, NJ 07901

    WELCOME TO THIS CHARMING 4-BEDROOM + 2 BATH UPDATED HOME Ideally Located On A Picturesque Quiet Street, JUST MOMENTS FROM DOWNTOWN SUMMIT, THE MIDTOWN DIRECT TRAIN, TOP-RATED SCHOOLS, PARKS, & RECREATION. This Beautifullly Maintained Home Features An Updated Eat-In Kitchen Complete With Stainless Steel Appliances, Breakfast Bar, And Sliders Leading Out To The Patio For Seamless Outdoor Dining And

    Jane Greene COLDWELL BANKER REALTY

    5 Pearl St, Summit, NJ 07901
  • /4

    $2,200 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
  • /14

    $3,200 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    803 Springfield Ave Unit C, Summit, NJ 07901

    Gorgeous 1 bedroom,1 bathroom located on the second floor of a fabulous, fully renovated building. Secure, shared lobby entrance offers steps up to two residential units. Enjoy high ceilings, vast windows w/custom treatments, abundant natural light, top-of-the-line SS Samsung appliances & decorative lighting! Sunny living room is open to gourmet kitchen with "Meganite" countertops & breakfast

    Sherrie Natko COMPASS NEW JERSEY, LLC

    803 Springfield Ave Unit C, Summit, NJ 07901
  • /20

    $6,500 Per Month

    • 3 Beds
    • 5 Baths
    • 2,200 Sq Ft
    • Townhouse for Rent

    18 Walnut St, Summit, NJ 07901

    ?? BRAND-NEW CONSTRUCTION FOR RENT – 18A & 18B Walnut St, Summit, NJ ??? Be the first to live in these luxury, pet-friendly duplex/townhomes! ??? Walk to the Train, Downtown Shopping & Restaurants?? 3 Bedrooms?? 3 Full Baths + 2 Half Baths?? Gourmet Kitchen with Quartz Countertops & Stainless-Steel Appliances?? Living Room, Formal Dining Room & Sunroom??

    18 Walnut St, Summit, NJ 07901
  • /2

    $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
  • /10

    $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
  • /37

    $5,895 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    24 Iris Rd, Summit, NJ 07901

    A Stunner! This jewel of a home has been renovated top to bottom. From the moment you enter this enchanting home surrounded by freshly landscaped yard, you will know this is the house you will want to call home. Bright and sunny throughout. The inviting living room and dining room has open feeling and is perfect for entertaining. White oak floors throughout. The newly remodeled kitchen features

    BARBARA A GARGIULO PROMINENT PROPERTIES SIR

    24 Iris Rd, Summit, NJ 07901
  • /20

    $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
  • /10

    $3,000 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
  • /17

    $2,180 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    306 Springfield Ave Unit 1, Summit, NJ 07901

    Welcome home to this charming and spacious 1-bedroom, 1-bath apartment ideally located in the heart of Downtown Summit. Offering the perfect blend of character, comfort, and convenience, this inviting residence presents a wonderful opportunity to enjoy all that one of New Jersey's most desirable communities has to offer. Inside, you'll find bright and comfortable living spaces filled with warmth

    Barbara Lewis KELLER WILLIAMS REALTY

    306 Springfield Ave Unit 1, Summit, NJ 07901
  • /17

    $2,400 Per Month

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

    177 Riveredge Dr, Chatham, NJ 07928

    Available for August Occupancy - Beautiful complex - Serene River View from Living room & access to the deck. 1 Br with walk in closet. Washer/Dryer & Refrigerator - 1 attached garage with inside access & plenty of parking. STAIRS from entry or garage take you down to one level living - Easy commuters location. Good closet space. Newer Carpet & Kitchen cabinets in 2017 - Newer Refrigerator, HW

    Agent Photo

    Triveni Gurikar

    RE/MAX NEIGHBORHOOD PROPERTIES

    177 Riveredge Dr, Chatham, NJ 07928
  • /16

    $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
  • /9

    $2,400 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    516 Morris Ave, Summit, NJ 07901

    Welcome to Summit living! This beautifully maintained 2-bedroom, 1-bath apartment is ideally located in one of Summit's most desirable neighborhoods. Situated on the second floor, this bright and inviting home features a spacious living room, an updated kitchen with ample cabinet space, two generously sized bedrooms, and a full bath. Enjoy the convenience of being just moments from top-rated

    Brian Martinez PREMIER HOMES

    516 Morris Ave, Summit, NJ 07901
  • /20

    $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
  • /6

    $2,150 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    2 Beech Spring Dr Unit 2, Summit, NJ 07901

    Large 1 Bedroom Apartment In Desirable Summit! ... Open Floor Plan, Updated Kitchen, Hardwood Floors, Washer & Dryer In Unit, Great Rental!!! Must See!!! Desirable Beech Spring!!! 2E

    Christopher Bruscino REALTY EXECUTIVES EXCEPTIONAL

    2 Beech Spring Dr Unit 2, Summit, NJ 07901
  • /17

    $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
  • /15

    $2,350 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    16 Shunpike Rd, Summit, NJ 07901

    Comfortable living with huge open floor plan, perfect for your sectional sofa and located on a quiet street. This ground level apt. has a private side entrance with USE OF THE BACKYARD. It is freshly painted with newer floors, eat-in-kitchen with white cabinets and separate laundry room. Off street parking for 1 or 2 cars $100 per mo. per car. Fireplace decorative only. Non smokers only. No pets.

    JACQUELINE DENK ELITE REALTORS OF NEW JERSEY

    16 Shunpike Rd, Summit, NJ 07901
  • /25

    $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
  • /9

    $2,800 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
  • /19

    $2,650 Per Month

    • 1 Bed
    • 1 Bath
    • Townhouse for Rent

    800 Old Springfield Ave Unit 19, Summit, NJ 07901

    Available July 1st! Welcome to this spacious, sun-filled 1-2 bedroom townhouse in desirable Summit Village. Offering true two-story living, this home features an attached one-car garage, covered front porch, and private back patio, creating the feel of a single-family home.Ideally located just steps from the New Providence Train Station with direct service to NYC, this home is a commuter's dream.

    Donna Vespa BHHS FOX & ROACH

    800 Old Springfield Ave Unit 19, Summit, NJ 07901

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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 $3,500 per month, though prices vary by neighborhood, size, and property type. As of July 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 $140,000 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 $3,500 per month in Summit, NJ, renters typically need to show $10,500 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 38.1, 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 Home Trends

Number of Homes for Rent
50
Median Rent
$3,500
Median Single Family Home Rent
$5,075
Median Townhouse Rent
$4,600
Median Condo Rent
$2,450
How to Rent a Home