Summit, NJ Rent History
77 months of data, 2020–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-09)
$2,977
1-year change
+1.6%
$46/mo
5-year change
+32.6%
$732/mo
Monthly rent trend
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Year-by-year rent in Summit
| Year | Median rent | YoY change | vs 2020 |
|---|---|---|---|
| 2020 | $2,067/mo | — | 0.0% |
| 2021 | $2,179/mo | +5.4% | +5.4% |
| 2022 | $2,407/mo | +10.5% | +16.4% |
| 2023 | $2,608/mo | +8.4% | +26.2% |
| 2024 | $2,768/mo | +6.1% | +33.9% |
| 2025 | $2,867/mo | +3.6% | +38.7% |
| 2026 | $2,952/mo | +3.0% | +42.8% |
Frequently asked questions
How much has rent in Summit changed since 2020?
Median rent in Summit, NJ was $2,067 in 2020-05 and is $2,977 as of 2026-09 — a change of $910 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 +32.6% ($732 per month). The current median is $2,977.
Is rent in Summit going up or down year over year?
Year over year, median rent in Summit, NJ has increased +1.6% ($46/mo). Current median: $2,977.