2-Bedroom Rent · October 2026

2-Bedroom Apartment Rent in Summit, NJ

$2,950/mo

Median asking rent for a 2-bedroom apartment in Summit, New Jersey as of October 2026. That's +1% lower than the citywide median of $2,977 and +78% above the national 2-bedroom median of $1,657.

2-Bedroom median
$2,950
October 2026
vs city overall
-1%
$2,977 city median
vs national
+78%
$1,657 US median
New Jersey rank
#159
of 173 cities

Income needed for a 2-bedroom in Summit

Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.

Annual income
$118,000
Monthly gross
$9,833
Hourly (full-time)
$56.73

Rent by apartment size in Summit

Compare Summit's median rent across every apartment size.

Studio
$2,140
1-Bedroom
$2,440
2-Bedroom (current)
$2,950
3-Bedroom
$3,720
4+ Bedroom
$4,230

Cheapest cities for a 2-bedroom in New Jersey

#City2-Bedroom rent
1Camden$1,420
2Wildwood$1,430
3Audubon$1,450
4West Deptford Township$1,470
5Bellmawr$1,480
6Clementon$1,493
7Atlantic City$1,510
8Pleasantville$1,550
9Vineland$1,550
10Millville$1,560
11Somerdale$1,620
12Phillipsburg$1,630
13Passaic$1,640
14Blackwood$1,643
15Seaside Heights$1,670

Most expensive cities for a 2-bedroom in New Jersey

#City2-Bedroom rent
1Hoboken$3,450
2Mount Arlington$3,210
3Morris Plains$3,210
4Livingston$3,210
5East Hanover Township$3,210
6Cedar Knolls$3,210
7Berkeley Heights$3,210
8Edgewater$3,110
9Cresskill$3,110
10South Orange$3,100
11Chatham$3,090
12Morristown$3,070
13Morganville$3,000
14Madison$2,960
15Summit (this page)$2,950

Nearby cities — 2-bedroom rent

Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Summit.

CityDistance2-Bedroom rentvs Summit
Westfield, NJ4.6 mi$2,930$-20 (-1%)
Madison, NJ4.8 mi$2,960+$10 (0%)
Livingston, NJ5.5 mi$3,210+$260 (+9%)
Plainfield, NJ7.8 mi$2,050$-900 (-31%)
West Orange, NJ8.5 mi$2,520$-430 (-15%)
Roselle, NJ8.5 mi$1,950$-1,000 (-34%)
Cedar Knolls, NJ9.6 mi$3,210+$260 (+9%)
Iselin, NJ10.6 mi$2,470$-480 (-16%)
Metuchen, NJ11.9 mi$2,530$-420 (-14%)
Montclair, NJ12.2 mi$2,730$-220 (-7%)
North Arlington, NJ17.3 mi$2,000$-950 (-32%)
Parlin, NJ18.2 mi$2,050$-900 (-31%)

2-Bedroom rent in Summit — common questions

How much is a 2-bedroom apartment in Summit?

As of October 2026, the median 2-bedroom apartment rent in Summit, New Jersey is $2,950 per month. This is +1% below the citywide median of $2,977.

What income do you need to afford a 2-bedroom in Summit?

Using the standard 30% rent-to-income rule, you would need an annual income of about $118,000 ($9,833/month gross), which works out to roughly $56.73/hour at a full-time job.

Is Summit expensive for a 2-bedroom compared to the rest of the US?

Summit's 2-bedroom median of $2,950 is +78% above the national 2-bedroom median of $1,657. It ranks in the 94th percentile of US cities tracked.

How does Summit rank for 2-bedroom rent in New Jersey?

Among the 173 cities in New Jersey with 2-bedroom data, Summit ranks #159 from cheapest to most expensive.

Are there cheaper 2-bedroom options near Summit?

Yes — nearby cities with cheaper 2-bedroom rents include Westfield ($2,930), Plainfield ($2,050), West Orange ($2,520).

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Methodology: Bedroom-level rent medians come from HUD Fair Market Rent data calibrated to the Zillow Observed Rent Index (ZORI) for Summit, which serves as the citywide anchor. When the HUD bedroom values exceed the ZORI city median (a common quirk in luxury markets and small samples), bedroom values are proportionally scaled down to align. Income required uses the standard 30% rent-to-income guideline. Comparison rankings use the same data month across all cities (October 2026) and exclude cities with median rent below $400 or above $20,000.