Summit, NJ 101 Condos for Rent

Summit has a fairly interesting history and was known as "Beacon Hill" during the American Revolution due to all of the bonfire beacons that were lit by the local militia to signal the approach of British troops. It's certainly a popular spot among some of the financial elite of New Jersey and New York, with nice real estate, large family homes and a large commuter community making the 30-minute trip to Manhattan every day of the week. In fact, about 20% of those living in Summit work in finance and real estate in the Big Apple, giving the local area a fairly ritzy feel. View Summit City Guide

Finding condos for rent in Summit is almost no different than renting an apartment in a big complex. The real difference is the ownership. Condos are owned by individuals within the same building. However, apartments in a large complex are owned by a single landlord or property management group.

Sometimes the price of condos in Summit may prove cheaper. The owners are often moving onto a new home or leaving the city and just need someone to cover the costs. Apartment complexes are designed to deal with tenant issues, make repairs, and care for the property. Condo owners will still deal with repairs and upkeep but may need more time to address a problem, especially if they don’t live nearby. However, condo owners have a more vested interest in the property and keeping their tenants happy to reduce turnover.

Choose the best condos for rent in Summit that meet your wishlist for budget, amenities, and layout. You probably won’t notice the difference between the condos and apartments you tour.