
Cheap Homes for Rent in Summit, NJ from $1,600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Summit.


66 Troy Dr

390 Morris Ave
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.

51 Caldwell Pl

49 Caldwell Pl

177 Riveredge Dr
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

How much does it cost to rent a home in Summit?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Summit 2 Bedroom Homes for Rent | $3,321 | $2,250 | $4,800 |
| Summit 3 Bedroom Homes for Rent | $5,595 | $3,300 | $7,900 |
| Summit 4 Bedroom Homes for Rent | $7,475 | $5,400 | $10,000+ |
| Summit 5 Bedroom Homes for Rent | $13,900 | $10,000 | $10,000+ |
| Summit 6 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
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Summit, NJ Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Short Hills Gardens | 1 Bedroom | 1BR,1BA | $1,875 |
| 510 Millburn Avenue Apartments | One Bedroom Junior | 1BR,1BA | $2,075 |
| Short Hills Village Apartment Homes | 1 Bedroom 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Alpine at Mountainside Townhomes | The Loft | 2BR,2.5BA | $2.55 |
| Providence Place | $2.73/sq.ft. - Residence 3B | 3BR,2BA | $2.69 |
| Berkshire Gardens | 2x1.5-1641 | 2BR,1.5BA | $2.29 |
| Springfield Gardens | Spruce | 2BR,3BA | $2.56 |
| Summit Hill | Two Bed Two Bath | 2BR,2BA | $2.48 |
| The Cove at Springfield | Two Bedroom | 2BR,2BA | $2.48 |
| Glenside | $2.49/sq.ft. - Two Bedroom | 2BR,2BA | $2.47 |
| The Club at Autumn Ridge | The Birch | 2BR,2BA | $2.41 |
| Spring Brook At Chatham | The Jefferson | 2BR,1BA | $2.67 |
| Short Hills Village Apartment Homes | 1 Bedroom 1 Bath | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Summit, NJ
L C Johnson Summit Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Summit, NJ
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

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.

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.

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.

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.