Rent to own Homes in Elizabeth, NJ

Elizabeth, New Jersey, sounds like a very regal city, and many people think it was named after Queen Elizabeth. In fact, it was actually named after Elizabeth, the wife of Vice Admiral Sir George Carteret, one of the two original proprietors of the colony of New Jersey. The city has been around since 1855 and is now one of the larger suburbs of New York City, which is just 15 miles away. Today, Elizabeth is a thriving town that is home to nearly 125,000 people.

Elizabeth, NJ is a great place for affordable rent-to-own homes! With a median household income of over $50,647 and a median rent of $1,201, the Elizabeth, 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 Elizabeth, 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 Elizabeth, NJ rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
1259 RICHMOND AVE
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Rent To Own
North Shore
Townhouse/Condo
Staten Island, NY 10314
3
1
3218 ft2
1901
30A W Roselle Ave #A
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Rent To Own
Roselle Park
Single Family Home
Roselle Park, NJ 07204
2
1
0 ft2
1945
224 DWIGHT ST
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Rent To Own
Greenville
Single Family Home
Jersey City, NJ 07305
4
3
0 ft2
1900
New
1 of 24 15 Freedom Way #412
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Rent To Own
Port Liberté
Single Family Home
Jersey City, NJ 07305
1
1
766 ft2
2005
1 of 27 30 Constitution Way #308
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Rent To Own
Port Liberté
Single Family Home
Jersey City, NJ 07305
2
2
1197 ft2
2000
1 of 40 202 Shearwater Ct West # 53
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Rent To Own
Port Liberté
Single Family Home
Jersey City, NJ 07305
2
3
1565 ft2
1988
1 of 20 101 Shearwater Ct E #45
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Rent To Own
Port Liberté
Single Family Home
Jersey City, NJ 07305
2
2
1460 ft2
1980
New
1 of 33 207 SHEARWATER CT WEST #46
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Rent To Own
Port Liberté
Single Family Home
Jc Greenville, NJ 07305
2
2
1100 ft2
1996
84 CARLTON AVE
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Rent To Own
The Heights
Single Family Home
Jersey City, NJ 07306
8
4
0 ft2
1910
1051 Edgegrove Avenue
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Rent To Own
Woodrow
Multifamily (2 - 4 Units)
Staten Island, NY 10309
4
3
3150 ft2
2024
9411 Shore Rd APT 5
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Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
2
1
1200 ft2
1960
Hot
32 HOWELL AVE
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Rent To Own
Fords
Single Family Home
Fords, NJ 08863
4
1
1368 ft2
1945
New
268 BAY RIDGE AVE
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Rent To Own
Bay Ridge and Fort Hamilton
Townhouse/Condo
Brooklyn, NY 11220
2
2
1384 ft2
2015
17 MADSEN AVE
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Rent To Own
Charleston
Townhouse/Condo
Staten Island, NY 10309
4
4
3762 ft2
2006
Hot
1 LYNNWOOD RD
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Rent To Own
North Potters New Dover
Single Family Home
Edison, NJ 08820
3
3
2241 ft2
1968
6928 5th Ave #3
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Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
3
1
1100 ft2
1 of 46 28 HUNTINGTON ST
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Rent To Own
Red Hook
Single Family Home
Brooklyn, NY 11231
4
5
3158 ft2
2022
1 of 34 20 HUNTINGTON ST
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Rent To Own
Red Hook
Single Family Home
Brooklyn, NY 11231
4
4
2428 ft2
2022
518-536 Gregory Ave #B201
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Rent To Own
 
Single Family Home
Weehawken, NJ 07086
1
1
700 ft2
57 FRONT ST #704
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Rent To Own
DUMBO
Townhouse/Condo
Brooklyn, NY 11201
2
2
1132 ft2
1899
Hot
1734 60TH ST
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Rent To Own
Borough Park
Single Family Home
Brooklyn, NY 11204
3
2
2414 ft2
1905
2761 BATH AVE #3D
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Rent To Own
Southern Brooklyn
Townhouse/Condo
Brooklyn, NY 11214
3
3
1153 ft2
1988
1 of 39 140 AVENUE O
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Rent To Own
Bensonhurst
Townhouse/Condo
Brooklyn, NY 11204
2
2
807 ft2
2011
67 HILLSIDE AVE
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Rent To Own
Florham Park
Single Family Home
Florham Park, NJ 07932
3
2
1008 ft2
1925
1 of 22 320 62ND ST #302
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Rent To Own
West New York
Single Family Home
West New York, NJ 07093
2
1
960 ft2
2008
6010 Boulevard E #64
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Rent To Own
West New York
Single Family Home
West New York, NJ 07093
2
2
1535 ft2
328 UNION AVE
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Rent To Own
Wood Ridge
Single Family Home
Wood Ridge, NJ 07075
4
2
2450 ft2
1946
20 LEXINGTON HL #10
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Rent To Own
Kips Bay
Single Family Home
Harriman, NY 10926
2
2
960 ft2
1985
Hot
1 of 2 10 W END AVE
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Rent To Own
Upper West Side
Townhouse/Condo
New York, NY 10023
2
2
1242 ft2
2005
1 of 27 225 E 34TH ST
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Rent To Own
Murray Hill
Townhouse/Condo
New York, NY 10016
2
2
1110 ft2
2007
New
1 of 23 601 Surf Avenue
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Rent To Own
Coney Island
Single Family Home
Brooklyn, NY 11224
1
1
775 ft2
1964
2942 W Fifth St
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Rent To Own
Coney Island
Single Family Home
Brighton Beach, NY 11235
1
1
800 ft2
1964
1 of 3 2942 5th Street
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Rent To Own
Coney Island
Single Family Home
Brooklyn, NY 11224
1
1
800 ft2
1965
1 of 13 501 SURF AVE #6S
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Rent To Own
Coney Island
Townhouse/Condo
Brooklyn, NY 11224
1
1
775 ft2
1964
1 of 20 2942 W Fifth St #11S
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Rent To Own
Coney Island
Single Family Home
Brighton Beach, NY 11235
1
1
800 ft2
1964
Hot
1807 RIDGEVIEW CT
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Rent To Own
Sayreville
Single Family Home
Parlin, NJ 08859
3
2
1382 ft2
1997
New
203 COLLEGE DR
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Rent To Own
Piscatawaytown
Single Family Home
Edison, NJ 08817
2
1
884 ft2
1977
1 of 4 1289 E 19TH ST
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Rent To Own
Midwood
Townhouse/Condo
Brooklyn, NY 11230
1
1
720 ft2
1931
1 of 11 245 E 54TH ST #4C
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Rent To Own
Midtown East
Townhouse/Condo
New York, NY 10022
1
1
0 ft2
1977
150 61st Street
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Rent To Own
Upper East Side
Single Family Home
New York, NY 10065
1
1
625 ft2
1 of 10 150 East 61st Street #3J
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Rent To Own
Upper East Side
Single Family Home
New York, NY 10065
1
1
625 ft2
2131 Ocean Ave PH 7B
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Rent To Own
Southern Brooklyn
Single Family Home
Brooklyn, NY 11229
3
3
1705 ft2
2019
60 WAACKAACK AVE
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Rent To Own
 
Single Family Home
Keansburg, NJ 07734
4
3
941 ft2
2022
1 of 2 910 PARK PL
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Rent To Own
Bedford - Stuyvesant
Townhouse/Condo
Brooklyn, NY 11216
1
2
1721 ft2
1910
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Buying a Home in Elizabeth, NJ

Elizabeth, NJ is seeing rapid growth and Elizabeth, NJ's' housing market remains not optimal with an average home price that is 34% above the 2024 national average. Elizabeth, NJ is part of Union 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 Union is 1.87% which is above the national average, which is 0.99%.

Median Home Price in Elizabeth, NJ

Median Rent in Elizabeth, NJ

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

Top Reasons to Live in Elizabeth NJ

Housing Despite its very close proximity to one of the most expensive housing markets in the world, Elizabeth has comparably affordable housing. The median home price sale price for the period of May-July 2013 was $183,000, below the national median price of $208,000. However, the 79 houses sold during this period represent a 147 percent increase in the number of sales compared to the previous year, which suggests that the housing market in Elizabeth is recovering from earlier slow periods.

Largest Employers and Industries The employment market in Elizabeth has come a long way from its beginnings as the home of the Singer Sewing Machine Company. Today, transportation is one of the city's biggest industries. The Port Newark-Elizabeth Marine Terminal and the Newark Liberty International Airport are located in Elizabeth. Elizabeth is also home to the Bayway Refinery, which is owned by Phillips 66 and supplies petroleum to the New York/New Jersey area. Celadon is a planned mixed-use development that will include skyscrapers, retail outlets, offices, a hotel and a boardwalk; it is currently under construction with expected completion by 2020.

Local Shopping Elizabeth is part of the Urban Enterprise Zone in New Jersey, which means you don't have to pay any sales tax on clothes. You won't want to miss the Jersey Gardens Mall, which is an outlet mall that has discount prices on some of the most upscale brands. Shoppers come from all over the metro New York City region to buy high-end jewelry at Leonardo Jewelers. But if you prefer to seek out deep discounts, go to Cohoes Fashion or the Lost Treasures secondhand shop. And of course you don't want to miss the Elizabeth location of Modell's, the legendary New York City sporting goods store.

Neighborhoods Elizabeth has several distinct neighborhoods. They include Uptown (also called Midtown), the city's largest commercial district, which is located at the junction of Broad Street and Morris Avenue. It has a historic district, including the First Presbyterian Church, which was originally a site of one of the battles in the American Revolution.