Studio Rent · October 2026

Studio Apartment Rent in Summit, NJ

$2,140/mo

Median asking rent for a studio apartment in Summit, New Jersey as of October 2026. That's +28% lower than the citywide median of $2,977 and +66% above the national studio median of $1,290.

Studio median
$2,140
October 2026
vs city overall
-28%
$2,977 city median
vs national
+66%
$1,290 US median
New Jersey rank
#154
of 171 cities

Income needed for a studio 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 studio at the current median rent.

Annual income
$85,600
Monthly gross
$7,133
Hourly (full-time)
$41.15

Rent by apartment size in Summit

Compare Summit's median rent across every apartment size.

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

Cheapest cities for a studio in New Jersey

#CityStudio rent
1Clementon$862
2Wildwood$1,070
3Camden$1,080
4Atlantic City$1,090
5Audubon$1,100
6Pleasantville$1,120
7West Deptford Township$1,120
8Bellmawr$1,130
9Vineland$1,170
10Millville$1,180
11Seaside Heights$1,210
12Lakewood$1,230
13Passaic$1,230
14Somerdale$1,230
15Belmar$1,240

Most expensive cities for a studio in New Jersey

#CityStudio rent
1Hoboken$3,000
2Secaucus$2,560
3Weehawken$2,430
4Edgewater$2,340
5Cresskill$2,340
6Mount Arlington$2,330
7Morris Plains$2,330
8Livingston$2,330
9East Hanover Township$2,330
10Cedar Knolls$2,330
11Berkeley Heights$2,330
12South Orange$2,250
13Chatham$2,240
14Morristown$2,230
15Jersey City$2,217

Nearby cities — studio rent

Considering nearby alternatives? 5 of these cities have cheaper studio rents than Summit.

CityDistanceStudio rentvs Summit
Westfield, NJ4.6 mi$2,120$-20 (-1%)
Madison, NJ4.8 mi$2,150+$10 (0%)
Livingston, NJ5.5 mi$2,330+$190 (+9%)
Plainfield, NJ7.8 mi$1,450$-690 (-32%)
West Orange, NJ8.5 mi$1,830$-310 (-14%)
Roselle, NJ8.5 mi$1,410$-730 (-34%)
Cedar Knolls, NJ9.6 mi$2,330+$190 (+9%)
Iselin, NJ10.6 mi$1,750$-390 (-18%)
Metuchen, NJ11.9 mi$1,790$-350 (-16%)
Montclair, NJ12.2 mi$1,980$-160 (-7%)
North Arlington, NJ17.3 mi$1,500$-640 (-30%)
Parlin, NJ18.2 mi$1,450$-690 (-32%)

Studio rent in Summit — common questions

How much is a studio apartment in Summit?

As of October 2026, the median studio apartment rent in Summit, New Jersey is $2,140 per month. This is +28% below the citywide median of $2,977.

What income do you need to afford a studio in Summit?

Using the standard 30% rent-to-income rule, you would need an annual income of about $85,600 ($7,133/month gross), which works out to roughly $41.15/hour at a full-time job.

Is Summit expensive for a studio compared to the rest of the US?

Summit's studio median of $2,140 is +66% above the national studio median of $1,290. It ranks in the 92th percentile of US cities tracked.

How does Summit rank for studio rent in New Jersey?

Among the 171 cities in New Jersey with studio data, Summit ranks #154 from cheapest to most expensive.

Are there cheaper studio options near Summit?

Yes — nearby cities with cheaper studio rents include Westfield ($2,120), Plainfield ($1,450), West Orange ($1,830).

All rent data
Summit rent overview →
Trend
Summit rent history →
Calculator
Summit affordability →
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.