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
30A W Roselle Ave #A
Rent To Own
Roselle Park
Single Family Home
Roselle Park, NJ 07204
2
1
0 ft2
1945
1 of 46 202 Shearwater Ct W
Rent To Own
Port Liberté
Single Family Home
Jersey City, NJ 07305
2
3
1565 ft2
1988
1 of 24 26 Clinton Street Unit 1A
Rent To Own
 
Multifamily (2 - 4 Units)
Belleville, NJ 07109
1
1
0 ft2
1970
9411 Shore Rd APT 5
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
2
1
1200 ft2
1960
Hot
1 LYNNWOOD RD
Rent To Own
North Potters New Dover
Single Family Home
Edison, NJ 08820
3
3
2241 ft2
1968
6928 5th Ave #3
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
3
1
1100 ft2
518-536 Gregory Ave #B201
Rent To Own
 
Single Family Home
Weehawken, NJ 07086
1
1
700 ft2
1 of 10 1401 44TH ST
Rent To Own
Meadowview
Single Family Home
North Bergen, NJ 07047
3
4
2012 ft2
2006
57 FRONT ST #704
Rent To Own
DUMBO
Townhouse/Condo
Brooklyn, NY 11201
2
2
1132 ft2
1899
2761 BATH AVE #3D
Rent To Own
Southern Brooklyn
Townhouse/Condo
Brooklyn, NY 11214
3
3
1153 ft2
1988
1 of 39 140 AVENUE O
Rent To Own
Bensonhurst
Townhouse/Condo
Brooklyn, NY 11204
2
2
807 ft2
2011
6010 Boulevard E #64
Rent To Own
West New York
Single Family Home
West New York, NJ 07093
2
2
1535 ft2
328 UNION AVE
Rent To Own
Wood Ridge
Single Family Home
Wood Ridge, NJ 07075
4
2
2450 ft2
1946
20 LEXINGTON HL #10
Rent To Own
Kips Bay
Townhouse/Condo
Harriman, NY 10926
2
2
960 ft2
1985
1 of 26 225 E 34TH ST
Rent To Own
Murray Hill
Townhouse/Condo
New York, NY 10016
2
2
1110 ft2
2007
Hot
1807 RIDGEVIEW CT
Rent To Own
Sayreville
Townhouse/Condo
Parlin, NJ 08859
3
2
1382 ft2
1997
1 of 12 1916 Ocean Ave, #10
Rent To Own
Midwood
Multifamily (2 - 4 Units)
Brooklyn, NY 11230
2
2
1151 ft2
2017
2131 Ocean Ave PH 7B
Rent To Own
Sheepshead Bay
Single Family Home
Brooklyn, NY 11229
3
3
1705 ft2
2019
60 WAACKAACK AVE
Rent To Own
 
Single Family Home
Keansburg, NJ 07734
4
3
941 ft2
2022
401 E 60TH ST #4C
Rent To Own
Upper East Side
Townhouse/Condo
New York, NY 10022
5
5
3500 ft2
2000
239 ALBERT ST
Rent To Own
North Plainfield
Single Family Home
North Plainfield, NJ 07063
5
3
2400 ft2
1952
343 E 74th St PENTHOUSE 1D
Rent To Own
Upper East Side
Single Family Home
New York, NY 10021
3
4
1862 ft2
1987
Hot
663 LENOX RD
Rent To Own
East Flatbush
Single Family Home
Brooklyn, NY 11203
3
2
1160 ft2
1920
726 E 45TH ST
Rent To Own
East Flatbush
Single Family Home
Brooklyn, NY 11203
3
2
1600 ft2
1920
241 W 108TH ST #4C
Rent To Own
Upper West Side
Townhouse/Condo
New York, NY 10025
1
1
750 ft2
1911
73-12 35th Ave #C6
Rent To Own
Northwestern Queens
Single Family Home
Jackson Heights, NY 11372
2
1
938 ft2
1940
Hot
1 of 15 6 HIGHLAND AVE
Rent To Own
 
Single Family Home
Piscataway, NJ 08854
5
4
3270 ft2
1985
22 Lighthouse Point Rd
Rent To Own
 
Single Family Home
Highlands, NJ 07732
3
4
2227 ft2
2017
366 BLACK OAK RIDGE RD
Rent To Own
 
Single Family Home
Wayne, NJ 07470
3
2
1808 ft2
1940
5900 ARLINGTON AVE #21B
Rent To Own
North Riverdale
Townhouse/Condo
Bronx, NY 10471
4
2
1580 ft2
1962
141-24 78th Avenue Avenue UNIT 2B
Rent To Own
Kew Garden Hills
Single Family Home
Flushing, NY 11367
3
1
0 ft2
1942
31 VOUGHT AVE
Rent To Own
Freehold
Single Family Home
Freehold, NJ 07728
2
3
1748 ft2
1920
67 MADISON CT
Rent To Own
 
Townhouse/Condo
Tinton Falls, NJ 07712
1
2
944 ft2
1998
24 OAKLAND AVE
Rent To Own
North Side
Single Family Home
Mount Vernon, NY 10552
4
4
2000 ft2
1930
1 of 5 100 Clarewood Drive
Rent To Own
South Ardsley
Multifamily (2 - 4 Units)
Hastings-On-Hudson, NY 10706
1
1
776 ft2
1925
7 CENTRE ST #6110
Rent To Own
 
Townhouse/Condo
Ocean, NJ 07712
2
2
1485 ft2
2021
17 BUCKNELL WAY
Rent To Own
 
Single Family Home
Hopatcong, NJ 07843
2
2
604 ft2
1940
17 GEORGETOWN CT
Rent To Own
 
Single Family Home
Allentown, NJ 08501
3
4
3884 ft2
2003
1 of 7 811 PASSAIC AVE
Rent to Own Eligible
Linden
Single Family Home
Linden, NJ 07036
4
3
1152 ft2
1953
148 WASHINGTON AVE
Rent to Own Eligible
 
Single Family Home
Elizabeth, NJ 07202
7
5
1256 ft2
1900
1122 MIDDLESEX ST
Rent to Own Eligible
Linden
Single Family Home
Linden, NJ 07036
4
2
1287 ft2
1962
1 of 42 645 1ST AVE
Rent to Own Eligible
Peterstown
Single Family Home
Elizabethport, NJ 07206
3
1
1054 ft2
1900
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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.