Rent to own Homes in Lakewood, NJ

The great outdoors! Lake Carasaljo offers boating, hiking, and 4th of July fireworks. Other lakes include Lake Waddill, on Kettle Creek, and Lake Manetta and Lake Shenandoah, on the South Branch of the Metedeconk River.

Lakewood, NJ is a great place for affordable rent-to-own homes! With a median household income of over $50,139 and a median rent of $1,419, the Lakewood, NJ rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lakewood, NJ. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Lakewood, NJ rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
Southwind Village
Rent To Own
 
Single Family Home
Jackson, NJ 08527
2
2
960 ft2
2022
Southwind Village Plan
Rent To Own
 
Single Family Home
Jackson, NJ 08527
2
2
960 ft2
2021
20 TRENTON AVE
Rent To Own
 
Single Family Home
Point Pleasant Beach, NJ 08742
6
3
1680 ft2
1940
31 VOUGHT AVE
Rent To Own
Freehold
Single Family Home
Freehold, NJ 07728
2
3
1748 ft2
1920
7 CENTRE ST #6110
Rent To Own
 
Townhouse/Condo
Ocean, NJ 07712
2
2
1485 ft2
2021
67 MADISON CT
Rent To Own
 
Townhouse/Condo
Tinton Falls, NJ 07712
1
2
944 ft2
1998
19 GRAND BAY HARBOR DR
Rent To Own
 
Single Family Home
Waretown, NJ 08758
2
3
1607 ft2
1990
60 WAACKAACK AVE
Rent To Own
 
Single Family Home
Keansburg, NJ 07734
4
3
941 ft2
1938
22 Lighthouse Point Rd
Rent To Own
 
Single Family Home
Highlands, NJ 07732
3
4
2227 ft2
2017
1807 RIDGEVIEW CT
Rent To Own
Sayreville
Townhouse/Condo
Parlin, NJ 08859
3
2
0 ft2
1997
17 GEORGETOWN CT
Rent To Own
 
Single Family Home
Allentown, NJ 08501
3
4
3884 ft2
2003
32 HOWELL AVE
Rent To Own
Fords
Single Family Home
Fords, NJ 08863
4
1
1368 ft2
1945
98 CHRISTIE ST
Rent To Own
Menlo Park Valentine
Single Family Home
Edison, NJ 08820
4
2
2104 ft2
1968
1 LYNNWOOD RD
Rent To Own
North Potters New Dover
Single Family Home
Edison, NJ 08820
3
3
2241 ft2
1968
1 of 15 6 HIGHLAND AVE
Rent To Own
 
Single Family Home
Piscataway, NJ 08854
5
4
3270 ft2
1985
580 SQUANKUM RD
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
8
5
3697 ft2
2014
426 3RD ST
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
9
4
3852 ft2
1920
32 E 13TH ST
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
5
2
1988 ft2
1972
137 MARTIN LUTHER KING DR
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
3
1
1038 ft2
1980
84 WHISPER CT
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
6
3
2080 ft2
2000
New
1450 HEATHWOOD AVE
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
4
2
3468 ft2
1984
620 9TH ST
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
4
2
2832 ft2
1954
940 SOMERSET AVE
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
3
1
2073 ft2
1986
744 S LAKE DR
Rent to Own Eligible
Country Place
Single Family Home
Lakewood, NJ 08701
5
3
4462 ft2
2011
New
1 of 59 818 S LAKE DR
Rent to Own Eligible
Country Place
Single Family Home
Lakewood, NJ 08701
6
2
2448 ft2
1970
40 HENRY ST
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
3
1
1196 ft2
1945
10 PONDEROSA DR
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
7
5
2732 ft2
2004
243 WOEHR AVE
Rent to Own Eligible
Lakewood
Single Family Home
Lakewood, NJ 08701
6
3
2192 ft2
2000
1 of 51 13 WALKER DR
Rent to Own Eligible
Cedarbridge Town Center
Single Family Home
Lakewood, NJ 08701
8
5
3461 ft2
2013
188 CATHY LN
Rent to Own Eligible
 
Single Family Home
Lakewood, NJ 08701
5
2
1740 ft2
1977
18 RENA LN
Rent to Own Eligible
Seven Stars
Single Family Home
Lakewood, NJ 08701
7
3
2525 ft2
2009
23 IRENE BLVD
Rent to Own Eligible
Southard
Single Family Home
Howell, NJ 07731
4
1
1368 ft2
1939
1 of 18 3 LARRABEE BLVD
Rent to Own Eligible
Southard
Single Family Home
Howell, NJ 07731
3
1
1056 ft2
1984
1 of 39 113 WAVERLY PL
Rent to Own Eligible
Southard
Single Family Home
Howell, NJ 07731
3
2
2044 ft2
1995
333 HOPE CHAPEL RD
Rent to Own Eligible
South Lakewood
Single Family Home
Lakewood, NJ 08701
5
3
1860 ft2
1958
379 New Central Ave
Rent to Own Eligible
 
Single Family Home
Lakewood, NJ 08527
5
3
2628 ft2
1998
70 ROSEWOOD DR
Rent to Own Eligible
Fairways At Lake Ridge
Single Family Home
Lakewood, NJ 08701
2
2
2041 ft2
2000
13 PROVIDENCE AVE
Rent to Own Eligible
Chestnut Estates
Single Family Home
Lakewood, NJ 08701
8
5
3062 ft2
2017
25 PROVIDENCE AVE
Rent to Own Eligible
Chestnut Estates
Single Family Home
Lakewood, NJ 08701
8
5
3062 ft2
2017
20 ELDORADO DR
Rent to Own Eligible
Greenville
Single Family Home
Lakewood, NJ 08701
2
2
2550 ft2
2012
1594 SALEM ST
Rent to Own Eligible
Chestnut Estates
Single Family Home
Lakewood, NJ 08701
3
2
1856 ft2
1971
795 GREEN VALLEY RD
Rent to Own Eligible
 
Single Family Home
Jackson, NJ 08527
4
3
3948 ft2
1988
75 N HOPE CHAPEL RD
Rent to Own Eligible
 
Single Family Home
Jackson, NJ 08527
6
3
2872 ft2
1956
964 LAKEWOOD FARMINGDALE RD
Rent to Own Eligible
 
Single Family Home
Howell, NJ 07731
2
2
1712 ft2
1839
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Buying a Home in Lakewood, NJ

Lakewood, NJ is seeing rapid growth and Lakewood, NJ's' housing market remains not optimal with an average home price that is 129% above the 2024 national average. Lakewood, NJ is part of Ocean county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Ocean is 1.47% which is above the national average, which is 0.99%.

Median Home Price in Lakewood, NJ

Median Rent in Lakewood, NJ

Rent to own homes offer low monthly payments and flexible terms.

Top 11 Reasons to Live in Lakewood

Baseball! The Lakewood BlueClaws are the minor-league affiliate of the Philadelphia Phillies. The team draws an average attendance of more than 6,200 fans per game! They play at FirstEnergy Park, which has also served as a music venue for touring artists such as Bob Dylan.

Culture and Entertainment! The Strand Center for the Arts is a theater located in historic downtown Lakewood. Built in 1922, it offers concerts, plays, comedy, and more, featuring local and national acts! It also houses the School of the Arts for anyone interested in spring and summer classes.

Booming industry! Industrial Parks provides over 10,000 jobs to those in Lakewood and a booming local economy. It is a corporate center for many green energy companies and technology, boasting around 200 buildings and over 2200 acres! Nearby the park is beautiful Lake Shenandoah.

Booming population! Lakewood was named in 2010 as fastest growing city in NJ, one of the top 10 most populated municipalities in the state. Between 2000 and 2010 there was an increase of over 15,000 people. If you want to live there, check out homes near Lake Manetta or Lake Carasaljo. If you want to move now, 9% of homes are vacant -- so start looking!

Home value! The median home value in Lakewood is 2.4% greater than the New Jersey state average and 97.7% greater than the National average. Whether you are seeking a house for sale or a rent to own home, property purchased in Lakewood is a great investment. Condominiums are also available in the retirement developments of Leisure Village and Leisure Village East.

Affordability! While areas of Lakewood can be pricey, there is an abundance of beautiful, rent to own houses or single family homes for sale that are well below the national average. There are many charming residential neighborhoods with sidewalks and Victorian lamp posts. Popular neighborhoods include Seven Stars and Locust Manor. If you want to rent, expect to pay an average of $961 per month for a studio apartment.

Location! Lakewood is centrally located in proximity to several major metropolitan areas, but without the hassles and expense of actually living in the big city. Rent to own homes can be a good option for those on a budget. It's hard to beat a city that is an hour's drive from New York, Newark, Atlantic City, and Philadelphia. The Garden State Parkway has two interchanges, exit 89 and 88, that serve Lakewood. When you live here, you can get to know your neighbors, too, since the annual residential turnover is only around 15%.

Low Sales Tax! Portions of Lakewood are located in an Urban Enterprise Zone. Along with other benefits, shoppers receive a reduced sales tax of 3.5% , compared to the 7% tax rate for the state of New Jersey. Want to shop here? There are great stores like Cross River Mill and CG Novelties.

The Jersey Shore! Lakewood is a short drive away from the Atlantic and many fabulous beaches in Point Pleasant, Seaside Heights, and Long Beach Island- all the more reason it is a perfect place to rent to own a home. These popular destinations make the perfect summer "staycations!" Historically Lakewood was a popular get-a-way destination for wealthy New Yorkers. Want to get some beach gear in Lakewood? Check out Bra & Girdle factory for bathing suits or Linen Gardens for towels.

The nightlife! Lakewood boasts excellent nightlife opportunities, so you can have fun after sun goes down. Like to dance? Check out Club Maggies. If you want to taste your favorite brew, Cosmopolitan Bar is a great choice.