Cheap Homes for Rent in Summit, NJ from $1,600 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in Summit.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 49 Caldwell Pl

$2,375 - $4,500

1 To 5 Bedroom Rentals

Available Now

49 Caldwell Pl

SpringfieldNJ07081
property at 177 Riveredge Dr

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

1 Bedroom, 1 Bath Home for Rent

Available Now

177 Riveredge Dr

Chatham TownshipNJ07928

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Summit, NJ Local Guide

Cheapest Available Summit Apartments for Rent

 

The cheapest available apartment rental in Summit, NJ is a 1 Bed unit found at Short Hills Gardens in the South Mountain neighborhood priced from $1,875. 510 Millburn Avenue Apartments in the Downtown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,075. Here is today’s list of the most affordable Summit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Short Hills Gardens1 Bedroom1BR,1BA$1,875
510 Millburn Avenue ApartmentsOne Bedroom Junior1BR,1BA$2,075
Short Hills Village Apartment Homes1 Bedroom 1 Bath1BR,1BA$2,099

Best Value Apartments for Rent in Summit, NJ

As of July 31, 2026 the best value apartment in the Summit area is the $2.55 price per square foot The Loft Model at Alpine at Mountainside Townhomes in the in the Wychwood neighborhood starting from $6,200. The second greatest value Summit apartment is the $2.73/sq.ft. - Residence 3B Model at Providence Place starting at $4,700 with a $2.69 price per square foot in the Benders Corner neighborhood. Here is today’s list of the best values for Summit apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alpine at Mountainside TownhomesThe Loft2BR,2.5BA$2.55
Providence Place$2.73/sq.ft. - Residence 3B3BR,2BA$2.69
Berkshire Gardens2x1.5-16412BR,1.5BA$2.29
Springfield GardensSpruce2BR,3BA$2.56
Summit HillTwo Bed Two Bath2BR,2BA$2.48
The Cove at SpringfieldTwo Bedroom2BR,2BA$2.48
Glenside$2.49/sq.ft. - Two Bedroom2BR,2BA$2.47
The Club at Autumn RidgeThe Birch2BR,2BA$2.41
Spring Brook At ChathamThe Jefferson2BR,1BA$2.67
Short Hills Village Apartment Homes1 Bedroom 1 Bath1BR,1BA$2.47

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Summit

What type of rentals are currently available in Summit?

There are currently 145 Apartments for Rent in Summit, NJ with pricing that ranges from $1,600 to $9,195. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Summit ranging from $1,650 to $15,000.

What is the current price range for Rental Homes in Summit?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Summit ranges from $1,650 to $15,000 with an average monthly rent of $4,982.

How much are larger Three and Four Bedroom Rentals in Summit?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Summit range from $2,875 to $9,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,300 to $7,900. Four Bedroom Single-Family rentals are also available starting from $5,400 and Four Bedroom Apartments start at $4,500.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.