Summit, Arizona Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Summit, Arizona rental market.
Summit, Arizona
Average Apartment Rent
$1,203
Y-o-Y Change in Average
Apartment Rent
-3.4%
As of March 2026
Compared to a year ago, Summit, Arizona apartments have recorded a -3.4% rent decrease.
Summit, Arizona Average apartment rent trend
Summit, Arizona Average Apartment Rent
Summit, Arizona Apartment rent ranges
At 46.2%, apartments priced Under $1,000 represent the bulk of Summit, Arizona rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.7%.
Summit, Arizona Housing tenure**
Renters take up 29% of Summit, Arizona real estate, occupying a total of 406 units, while homeowners live in 980 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$23,136
Average household size of renter-occupied housing units**
3.32
Summit, Arizona Renter-occupied housing units by no. of bedrooms**
There are 218 rentals in Summit, Arizona with 3 beds making up the highest share of the market, at 54%. Units with 1 bed, on the other hand, hold the lowest percentage (7%), amounting to 30 units. Overall, the median number of rooms in Summit, Arizona homes for rent is 3.7.
Summit, Arizona Renter-occupied units by age of householder**
Most condos for rent in Summit, Arizona are occupied by residents in the 25 - 34 years age group (39%), followed by those in the 55 - 59 years age group (17%). At the same time, people in the 45 - 54 years age group make up the lowest share of the local rental market – 5%.
Summit, Arizona Renter-occupied housing units by family type**
Summit, Arizona Renter-occupied housing units by the presence of own children**
A total of 284 apartments for rent in Summit, Arizona, or 70% of all rentals are family households. Additionally, 49% of rental homes include children under the age of 18 – that’s 200 units. All in all, the median size of a renter-occupied household in Summit, Arizona is 3.32.
Summit, Arizona Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 0% of the rental market. In contrast, residents with less than a high school degree reside in 66% of the homes for rent in Summit, Arizona.
Summit, Arizona Renter-occupied units by year structure built**
The highest share of Summit, Arizona apartment rentals, namely 46% or 186 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (18%, 75 units), and the ones Built 1990 - 1999 (18%, 74 units).
Summit, Arizona Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Summit, Arizona renters (52%) moved in 2018 to 2020, while only 9% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Summit, Arizona condos for rent is 2019.
Summit, Arizona Renter-occupied housing units by vehicles available**
When it comes to transportation options, 66% of Summit, Arizona renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 3% have 4 or more vehicles available.
Summit, Arizona Means of transportation to work of householders living in renter-occupied housing units**
Summit, Arizona Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Summit, Arizona apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
