Summit, NJ Rent History
74 months of data, 2020–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-06)
$3,006
1-year change
+8.8%
$242/mo
5-year change
+51.1%
$1,017/mo
Monthly rent trend
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Year-by-year rent in Summit
| Year | Median rent | YoY change | vs 2020 |
|---|---|---|---|
| 2020 | $1,904/mo | — | 0.0% |
| 2021 | $2,012/mo | +5.7% | +5.7% |
| 2022 | $2,231/mo | +10.9% | +17.2% |
| 2023 | $2,417/mo | +8.3% | +26.9% |
| 2024 | $2,568/mo | +6.2% | +34.9% |
| 2025 | $2,755/mo | +7.3% | +44.7% |
| 2026 | $2,750/mo | -0.2% | +44.4% |
Frequently asked questions
How much has rent in Summit changed since 2020?
Median rent in Summit, NJ was $1,904 in 2020-05 and is $3,006 as of 2026-06 — a change of $1,102 per month over 6 years.
How much has Summit rent increased in the last 5 years?
Over the past 5 years, median rent in Summit, NJ has changed +51.1% ($1,017 per month). The current median is $3,006.
Is rent in Summit going up or down year over year?
Year over year, median rent in Summit, NJ has increased +8.8% ($242/mo). Current median: $3,006.