How much is a 2-bedroom apartment in Summit, NJ?
In Summit, NJ, the median gross rent for a two-bedroom home is $2,558 (±$227) a month (2020–2024 American Community Survey, table B25031).
A one-bedroom home rents for a median of $1,748 (±$725).
A three-bedroom home rents for a median of $3,006 (±$371).
HUD’s fiscal year 2027 Fair Market Rent for a two-bedroom home in the Newark, NJ HUD Metro FMR Area is $2,233.
Figures last updated on .
- 1 bedroom
- $1,748 (±$725)
- 2 bedrooms
- $2,558 (±$227)
- 3 bedrooms
- $3,006 (±$371)
- 4 bedrooms
- $3,500 or more
Rent by bedroom count in Summit
| Summit | Union County | New Jersey | United States | |
|---|---|---|---|---|
| 1 bedroom | $1,748 (±$725) | $1,407 (±$34) | $1,465 (±$9) | $1,235 |
| 2 bedrooms | $2,558 (±$227) | $1,785 (±$29) | $1,804 (±$9) | $1,407 |
| 3 bedrooms | $3,006 (±$371) | $2,085 (±$48) | $2,037 (±$18) | $1,584 |
| 4 bedrooms | $3,500 or more | $2,369 (±$163) | $2,365 (±$47) | $1,957 |
| 5 or more bedrooms | $2,450 (±$813) | $2,426 (±$441) | $2,368 (±$92) | $2,074 |
A median for a bedroom size is published only where enough renting households of that size were surveyed; a dash means the Census Bureau did not publish one.
Census rents against HUD’s Fair Market Rent, fiscal year 2027
| Census median, this place | HUD Fair Market Rent | |
|---|---|---|
| 1 bedroom | $1,748 (±$725) | $1,850 |
| 2 bedrooms | $2,558 (±$227) | $2,233 |
| 3 bedrooms | $3,006 (±$371) | $2,785 |
A Fair Market Rent is HUD’s estimate of the gross rent of a modest rental home across the whole HUD area, set for the voucher program; the Census median is what renting households in this place reported paying.
The two answer different questions and are not expected to match.
Median gross rent, 2 bedrooms in places near Summit
| Place | Distance | Median gross rent, 2 bedrooms | Compared with this place |
|---|---|---|---|
| Summit | — | $2,558 (±$227) | — |
| Springfield Township (Union County) | 2.0 mi | $2,545 (±$356) | Not measurably different |
| Chatham Borough | 2.0 mi | $2,375 (±$142) | Not measurably different |
| New Providence Borough | 2.5 mi | $2,044 (±$268) | Lower |
| Short Hills | 2.5 mi | $3,151 (±$1,146) | Not measurably different |
| Millburn Township | 2.9 mi | $2,399 (±$714) | Not measurably different |
| Chatham Township | 3.8 mi | $2,887 (±$812) | Not measurably different |
| Madison Borough | 4.0 mi | $2,595 (±$266) | Not measurably different |
| Berkeley Heights Township | 4.1 mi | $2,268 (±$651) | Not measurably different |
Nearby places with a measurably lower figure: New Providence Borough, NJ ($2,044).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent, 2 bedrooms across Union County, place by place
| Rank | Place | Median gross rent, 2 bedrooms |
|---|---|---|
| 1 | Cranford Township | $2,788 (±$331) |
| 2 | Westfield Town | $2,615 (±$287) |
| 3 | Scotch Plains Township | $2,559 (±$473) |
| 4 | Summit | $2,558 (±$227) |
| 5 | Springfield Township (Union County) | $2,545 (±$356) |
| 6 | Berkeley Heights Township | $2,268 (±$651) |
| 7 | Fanwood Borough | $2,232 (±$176) |
| 8 | Union Township (Union County) | $2,161 (±$113) |
| 9 | Rahway | $2,154 (±$206) |
| 10 | New Providence Borough | $2,044 (±$268) |
Showing 10 of 20 places in Union County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Summit
How much is a one-bedroom apartment in Summit?
The median gross rent for a one-bedroom home in Summit, NJ is $1,748 (±$725) a month (2020–2024 American Community Survey).
How much is a two-bedroom apartment in Summit?
The median gross rent for a two-bedroom home in Summit, NJ is $2,558 (±$227) a month (2020–2024 American Community Survey).
How much does a three-bedroom rental cost in Summit?
The median gross rent for a three-bedroom home in Summit, NJ is $3,006 (±$371) a month (2020–2024 American Community Survey).
Sources
- Median Gross Rent by Bedrooms (B25031), 2020–2024 ACS 5-year estimates — Summit city, Union County, New Jersey
- HUD Fair Market Rents, fiscal year 2027: Newark, NJ HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Newark, NJ HUD Metro FMR Area
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year detailed tables (acs/acs5) for Summit city, Union County, New Jersey (county subdivision:71430, in state:34 county:039).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
B25031_002E, B25031_002M, B25031_003E, B25031_003M, B25031_004E, B25031_004M, B25031_005E, B25031_005M, B25031_006E, B25031_006M, B25031_007E, B25031_007M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Income and affordability in Summit
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- Homeowner costs in Summit
- Property taxes in Summit
- Types of homes in Summit
- Bedrooms in Summit
- Age of homes in Summit
- Vacancy rate in Summit
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- Crime reported to police in Summit
- Population growth in Summit
- How long people stay in Summit
- Crowding and facilities in Summit
- New Jersey landlord and tenant rules
- Housing across Union County
- Housing data for every place in New Jersey