Apartments in Summit

1 - 7 of 7 Results
60
$3,177 - 9,950
1 Fineran Way Short Hills, NJ
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
11
$2,345 - 2,910
548 Springfield Ave. Summit, NJ
1 - 2 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Townhome
Section 8
11
$2,380
Summit, NJ
1 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Dishwasher
18
$3,125
767 Springfield Avenue Summit, NJ
2 BR | Available Now
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Dog Friendly
Cat Friendly
Townhome
Section 8
Air Conditioning
9
$3,710 - 3,985
160-174 Summit Ave. Summit, NJ
2 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Dishwasher
30
$3,550
100 Stone Hill Road Springfield, NJ
3 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
26
$2,600
67-71 Union Pl Summit, NJ
2 BR | Available Now
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How much does it cost to rent an apartment in Summit?

Summit Apartments
Bed Type Average Rent Range
1BR $3,410 $2,350 - $3,700
2BR $4,290 $2,800 - $6,660
3BR $3,550 $3,550 - $3,550

Neighborhoods

Search Cities Near Summit, NJ

Summit:
July Rent Report

Welcome to the July 2024 Summit Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2024 key findings and figures for the Summit rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Summit and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Summit average rent prices in the chart below.

Monthly Rent Report

$7,250
$5,440
$3,630
$1,810
$0
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
1 BR       2 BR

Summit Rent Prices Increase From June to July

Summit rent prices increased over the last month. From June to July, the city experienced a 0.98% increase for the price of a one-bedroom apartment. The rent price for a Summit one-bedroom apartments currently stands at $3,488.0.

When we take a look at the two-bedroom comparison from June to July, Summit experienced a -2.04% decrease for the price of a two-bedroom apartment. The rent price for a Summit two-bedroom apartments currently stands at $5,435.0.

July Prices: Summit vs. Surrounding Areas

Rent Prices in Summit and Surrounding Areas

Rent prices have increased in Summit over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Summit suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Summit suburbs

  • Rents did not decrease in any of the Summit suburbs.

July 2024 Pricing Trends: Summit vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,189
$3,023
$2,389
$2,340
$1,888
$1,394
$1,253
$1,200
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Summit Rent Prices More Affordable Than Major Cities

Rent growth in Summit over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Summit average rent prices appear to be relatively affordable for local residents.

The price for a Summit one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Summit and surrounding area rent prices, take a look at the complete data set below.

Data set for Summit and suburbs

1 BR July 1 BR M/M % Change 2 BR July 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.