Rent to own Homes in Madison, NJ

This charming borough has a delightfully historic downtown, nice green spaces and elegant houses. Originally settled by Native Americans centuries ago, the area that would become Madison was favored first by Dutch fur traders and later by English settlers. These days, the borough is home to around 16,000 people. About 25 miles from New York City, it's home to many commuters as well as those who live and work locally.

Madison, NJ is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Madison, 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 Madison, NJ rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
67 HILLSIDE AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Florham Park, NJ 07932
1,008 Sqft | Built in 1925
239 ALBERT ST
5 Beds, 3 Baths
Rent To Own
 
Single Family Home
North Plainfield, NJ 07063
2,400 Sqft | Built in 1952
30A W Roselle Ave #A
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roselle Park, NJ 07204
Built in 1945
1 LYNNWOOD RD
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Edison, NJ 08820
2,241 Sqft | Built in 1968
98 CHRISTIE ST
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Edison, NJ 08820
2,104 Sqft | Built in 1968
529 GREEN ST
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Elizabeth, NJ 07202
1,104 Sqft | Built in 1943
366 BLACK OAK RIDGE RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Wayne, NJ 07470
1,808 Sqft | Built in 1940
32 HOWELL AVE
4 Beds, 1 Bath
Rent To Own
 
Single Family Home
Fords, NJ 08863
1,368 Sqft | Built in 1945
Rent to own homes offer low monthly payments and flexible terms.
1 of 15 6 HIGHLAND AVE
5 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Piscataway, NJ 08854
3,270 Sqft | Built in 1985
1 of 24 26 Clinton Street Unit 1A
1 Bed, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Belleville, NJ 07109
Built in 1970
17 BUCKNELL WAY
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Hopatcong, NJ 07843
604 Sqft | Built in 1940
1807 RIDGEVIEW CT
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Parlin, NJ 08859
Built in 1997
328 UNION AVE
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Wood Ridge, NJ 07075
2,450 Sqft | Built in 1946
1401 44TH ST
3 Beds, 4 Baths
Rent To Own
 
Single Family Home
North Bergen, NJ 07047
2,012 Sqft | Built in 2006
518-536 GREGORY AVE #B201
1 Bed, 1 Bath
Rent To Own
 
Townhouse/Condo
Weehawken, NJ 07086
700 Sqft | Built in 1988
9411 Shore Rd APT 5
2 Beds, 1 Bath
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
1,200 Sqft | Built in 1960
6010 Boulevard E #64
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
West New York, NJ 07093
1,535 Sqft
6928 5th Ave #3
3 Beds, 1 Bath
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
1,100 Sqft
64 DAYTON CT #303
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Hackettstown, NJ 07840
1,120 Sqft | Built in 1993
57 FRONT ST #704
2 Beds, 2 Baths
Rent To Own
DUMBO
Townhouse/Condo
Brooklyn, NY 11201
1,132 Sqft | Built in 1899
20 LEXINGTON HL #10
2 Beds, 2 Baths
Rent To Own
Kips Bay
Townhouse/Condo
Harriman, NY 10926
960 Sqft | Built in 1985
Hot
1734 60TH ST
3 Beds, 2 Baths
Rent To Own
Borough Park
Single Family Home
Brooklyn, NY 11204
2,414 Sqft | Built in 1905
241 W 108TH ST #4C
1 Bed, 1 Bath
Rent To Own
Upper West Side
Townhouse/Condo
New York, NY 10025
750 Sqft | Built in 1911
401 E 60TH ST #4C
5 Beds, 5 Baths
Rent To Own
Upper East Side
Townhouse/Condo
New York, NY 10022
3,500 Sqft | Built in 2000
2761 BATH AVE #3D
3 Beds, 3 Baths
Rent To Own
Gravesend
Townhouse/Condo
Brooklyn, NY 11214
1,153 Sqft | Built in 1988
343 E 74th St PENTHOUSE 1D
3 Beds, 4 Baths
Rent To Own
Upper East Side
Single Family Home
New York, NY 10021
1,862 Sqft | Built in 1987
1 of 12 1916 Ocean Ave, #10
2 Beds, 2 Baths
Rent To Own
Midwood
Multifamily (2 - 4 Units)
Brooklyn, NY 11230
1,151 Sqft | Built in 2017
2131 Ocean Ave PH 7B
3 Beds, 3 Baths
Rent To Own
Sheepshead Bay
Single Family Home
Brooklyn, NY 11229
1,705 Sqft | Built in 2019
Hot
663 LENOX RD
3 Beds, 2 Baths
Rent To Own
East Flatbush
Single Family Home
Brooklyn, NY 11203
1,160 Sqft | Built in 1920
726 E 45TH ST
3 Beds, 2 Baths
Rent To Own
East Flatbush
Single Family Home
Brooklyn, NY 11203
1,600 Sqft | Built in 1920
22 LIGHTHOUSE POINT RD
3 Beds, 4 Baths
Rent To Own
 
Townhouse/Condo
Highlands, NJ 07732
2,227 Sqft | Built in 2017
33 STATION RD
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Madison, NJ 07940
2,564 Sqft | Built in 2007
1 of 15 41 DEAN ST
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Madison, NJ 07940
1,552 Sqft | Built in 1940
1 of 18 16 WILSON DR
3 Beds, 3.5 Baths
Rent To Own
 
Townhouse/Condo
Morristown, NJ 07960
2,550 Sqft | Built in 2019
Hot
1 of 8 46 NORMANDY HEIGHTS RD
5 Beds, 3 Baths
Rent To Own
 
Single Family Home
Morristown, NJ 07960
2,937 Sqft | Built in 1966
1 of 46 55 PASSAIC AVE
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Summit, NJ 07901
1,840 Sqft | Built in 1976
1 of 14 22 CAROLYN CT
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
East Hanover, NJ 07936
2,968 Sqft | Built in 1975
1 of 35 101 COMMONWEALTH AVE
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
New Providence, NJ 07974
3,500 Sqft | Built in 1950
1 of 7 25 MOUNTAINVIEW RD
5 Beds, 5.5 Baths
Rent To Own
 
Single Family Home
Chatham, NJ 07928
4,083 Sqft | Built in 2016
1 of 14 20 DOGWOOD RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Whippany, NJ 07981
1,537 Sqft | Built in 1950
1 of 14 2 PERRY ST
3 Beds, 4 Baths
Rent To Own
 
Single Family Home
Morristown, NJ 07960
3,010 Sqft | Built in 1876
1 of 14 184 VISTA DR
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Cedar Knolls, NJ 07927
1,376 Sqft | Built in 1994
1 of 23 1002 APPLETON WAY
2 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Whippany, NJ 07981
1,386 Sqft | Built in 1993
30 sussex avenue unit#1
1 Bed, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Morristown, NJ 07960
900 Sqft | Built in 1900
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Buying a Home in Madison, NJ

Madison, NJ is seeing rapid growth and Madison, NJ's' housing market remains optimal with an average home price that is -100% below the 2022 national average. Madison, NJ is part of Morris 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 2022 for county Morris is 1.62% which is above the national average, which is 0.99%.

Median Home Price in Madison, NJ

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Median Rent in Madison, NJ

Median rent data is currently unavailable.
Rent to own homes offer low monthly payments and flexible terms.

7 Reasons to Love Living in Madison, New Jersey

High value homes! With a median late 2014 sales price of $690,000, it's easy to see that properties here hold a lot of value. If a historic place near downtown isn't what you are looking for, try the area near Cole Park for beautiful homes on large lots with mature landscaping. The Spring Garden Brook part of the community has nice homes near green space.

Picturesque downtown! This beautiful area has provided settings for hits such as "The Family Stone" and "The World According to Garp," and episodes of "The Sopranos." The governor's ball in "A Beautiful Mind" was filmed in Lenfell Hall of Florham Mansion on the College of Florham campus in Madison. Also in the borough, Drew University was part of the 2007 film "Spinning Into Butter."

Lovely eateries! Shanghai Jazz Restaurant & Bar on Main Street is highly-regarded for its Chinese cuisine and upscale American fare. L'Allegria on Prospect is a fantastic Italian restaurant with charming decor. McCool's Ice Cream Parlour has incredible frozen treats.

Shakespeare! Fans of the Bard will enjoy professional productions at one of the nation's leading Shakespeare showcases, the Shakespeare Theatre of New Jersey. It's located on the grounds of Drew University, just across from Rose Memorial Library.

A variety of housing options! The community has a long history and has seen several periods of construction offering differing styles. Find lovely single-family residences on nice lots near the green space of Memorial Park, or search for rent to own housing options in the neighborhoods above James Park. For larger homes, look around Crestview or Glenfield.

Golfing in town! Open since 1896, Madison Golf Club is a local legend. The immaculate greens are amazing. Just a bit to the south are the greens of Fairmount Country Club.

Arts and history! Madison Arts and Culture Alliance presents the Madison Sidewalk Art Gallery every spring, just one example of the great art scene in the borough. The Museum of Early Trades and Crafts provides interesting insights to techniques from the past.

Madison, NJ Frequently Asked Questions

Madison, NJ has a walk score of

Madison, NJ has a bike score of

The state tax rate is 1.4 to 10.75% on top of the federal tax rate of 10 to 37%.

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