Rent to Own Homes in Newark, NJ

The third-oldest city in the country, Newark, New Jersey, is a major rail, air and shipping hub. Strategically located in the center of the Gateway Region of New Jersey and with a population of about 277,000, Newark is the largest city in the state and second-largest city in the metropolitan area of New Jersey. It is home to the largest container shipping terminal on the East Coast at Port Newark, as well as a major commercial airport, the Newark Liberty International Airport, which is among the busiest airports in the country. New Jersey is also home to numerous historical landmarks such as the Ballantine House, 80 Park Plaza, Cathedral Basilica of the Sacred Heart, and Ferry Street.

Newark, NJ is a great place for affordable rent-to-own homes! With a median household income of over $37,476 and a median rent of $1,116, the Newark, 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 Newark, 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 300 Newark, NJ rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
1 of 24 26 Clinton Street Unit 1a
1 Bed, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Belleville, NJ 7109
Built in 1970
30a W Roselle Ave #A
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roselle Park, NJ 7204
Built in 1945
1 of 49 568 Communipaw Ave # 203
1 Bed, 1 Bath
Rent To Own
Bergen - Lafayette
Single Family Home
Jc, Journal Square, NJ 7304
662 Sqft
1 of 5 10 Huron Ave #1n
2 Beds, 1 Bath
Rent To Own
Journal Square
Townhouse/Condo
Jersey City, NJ 7306
1,045 Sqft
1 of 4 10 Huron Ave #1m
1 Bed, 1 Bath
Rent To Own
Journal Square
Townhouse/Condo
Jersey City, NJ 7306
726 Sqft
518-536 Gregory Ave #B201
1 Bed, 1 Bath
Rent To Own
 
Townhouse/Condo
Weehawken, NJ 7086
700 Sqft | Built in 1988
New
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
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
Rent to own homes offer low monthly payments and flexible terms
Hot
1 of 2 6010 Boulevard E #64
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
West New York, NJ 7093
1,535 Sqft
1 of 21 360 Furman St. 404
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Brooklyn, NY 11201
1,562 Sqft | Built in 1928
1 of 9 125 West 56th Street 4b # 4b
1 Bed, 1 Bath
Rent To Own
Clinton
Single Family Home
New York, NY 10019
Built in 1923
1 of 6 200 East 36th Street 6b # 6b
1 Bed, 1 Bath
Rent To Own
Murray Hill
Multifamily (2 - 4 Units)
New York, NY 10016
Built in 1966
1 of 6 303 E 33rd Street # 2-m
1 Bed, 1 Bath
Rent To Own
Kips Bay
Townhouse/Condo
New York, NY 10016
Built in 2009
1 of 9 235 East 55th Street 33c # 33c
1 Bed, 1 Bath
Rent To Own
Midtown East
Single Family Home
New York, NY 10022
Built in 2001
1 of 11 245 East 54th Street 26f # 26f
2 Beds, 2 Baths
Rent To Own
Midtown East
Multifamily (2 - 4 Units)
New York, NY 10022
1,300 Sqft | Built in 1977
1 of 11 245 East 54th Street 9gh # 9gh
3 Beds, 2 Baths
Rent To Own
Midtown East
Multifamily (2 - 4 Units)
New York, NY 10022
Built in 1977
1 of 10 245 East 54th Street 17st # 17st
2 Beds, 2 Baths
Rent To Own
Midtown East
Multifamily (2 - 4 Units)
New York, NY 10022
Built in 1977
New
1 of 9 245 East 54th Street 14m # 14m
1 Bed, 1 Bath
Rent To Own
Midtown East
Multifamily (2 - 4 Units)
New York, NY 10022
Built in 1977
New
1 of 10 245 East 54th Street 3r # 3r
1 Bed, 1 Bath
Rent To Own
Midtown East
Multifamily (2 - 4 Units)
New York, NY 10022
Built in 1977
New
1 of 9 245 East 54th Street 15l # 15l
1 Bed, 1 Bath
Rent To Own
Midtown East
Multifamily (2 - 4 Units)
New York, NY 10022
Built in 1977
1 of 11 303 East 57th Street 19g # 19g
2 Beds, 1.5 Bath
Rent To Own
Midtown East
Multifamily (2 - 4 Units)
New York, NY 10022
Built in 1967
1 of 11 303 East 57th Street 7e # 7e
1 Bed, 1.5 Bath
Rent To Own
Midtown East
Multifamily (2 - 4 Units)
New York, NY 10022
Built in 1967
1 of 9 433 East 51st Street 9g # 9g
1 Bed, 1 Bath
Rent To Own
Midtown East
Multifamily (2 - 4 Units)
New York, NY 10022
Built in 1936
1 of 10 345 East 56th Street 5h # 5h
1 Bed, 1 Bath
Rent To Own
Midtown East
Multifamily (2 - 4 Units)
New York, NY 10022
950 Sqft | Built in 1960
New
1 of 9 400 East 56th Street 10e # 10e
2 Beds, 2 Baths
Rent To Own
Sutton Place
Multifamily (2 - 4 Units)
New York, NY 10022
1,009 Sqft | Built in 1968
New
1 of 11 430 East 56th Street 1ab # 1ab
4 Beds, 2 Baths
Rent To Own
Sutton Place
Multifamily (2 - 4 Units)
New York, NY 10022
Built in 1967
1 of 11 150 East 77th Street Phcd # Phcd
3 Beds, 2 Baths
Rent To Own
Upper East Side
Multifamily (2 - 4 Units)
New York, NY 10021
Built in 1959
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
New
1 of 10 330 East 80th Street 4m # 4m
3 Beds, 3 Baths
Rent To Own
Upper East Side
Multifamily (2 - 4 Units)
New York, NY 10075
Built in 1956
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
621 And 623 East 84th Street
10 Beds, 6 Baths
Rent To Own
Canarsie
Single Family Home
Brooklyn, NY 11236
3,168 Sqft | Built in 1960
1 of 11 97-45 63 Drive # 7a
2 Beds, 2 Baths
Rent To Own
Rego Park
Townhouse/Condo
Rego Park, NY 11374
1,155 Sqft | Built in 2018
1 of 16 99-31 66 Ave # 2a
2 Beds, 2 Baths
Rent To Own
Forest Hills
Townhouse/Condo
Forest Hills, NY 11375
22 Lighthouse Point Rd
3 Beds, 4 Baths
Rent To Own
 
Townhouse/Condo
Highlands, NJ 7732
2,227 Sqft | Built in 2017
1 of 5 100 Clarewood Drive
1 Bed, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Hastings-On-Hudson, NY 10706
776 Sqft | Built in 1925
1 of 41 186 Rumson Rd
7 Beds, 7 Baths
Rent To Own
 
Single Family Home
Rumson, NJ 7760
9,335 Sqft | Built in 2012
New
1 of 23 28 Hamilton Ave
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Sloatsburg, NY 10974
712 Sqft | Built in 1953
31 Vought Ave
1 Bed, 3 Baths
Rent To Own
 
Single Family Home
Freehold, NJ 7728
1,748 Sqft | Built in 1920
1 of 16 67 Madison Ct
1 Bed, 2 Baths
Rent To Own
 
Townhouse/Condo
Tinton Falls, NJ 7712
944 Sqft | Built in 1998
1 of 18 204 4th Ave
6 Beds, 3 Baths
Rent To Own
 
Single Family Home
Bradley Beach, NJ 7720
2,224 Sqft | Built in 1909
1 of 72 245 Bedford Banksville Rd
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Bedford, NY 10506
4,594 Sqft | Built in 1800
1 of 12 36 N 6th Street
7 Beds, 3 Baths
Rent To Own
Fairmount
Multifamily (2 - 4 Units)
Newark, NJ 7107
2,779 Sqft | Built in 1907
1 of 4 177 - 179 Seymour Ave
10 Beds, 4 Baths
Rent To Own
Upper Clinton Hill
Multifamily (2 - 4 Units)
Newark, NJ 7108
1 of 9 38 Vassar Avenue
5 Beds, 2 Baths
Rent To Own
Weequahic
Multifamily (2 - 4 Units)
Newark, NJ 7112
2,634 Sqft | Built in 1917
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Buying a Home in Newark, NJ

Newark, NJ is seeing rapid growth and Newark, NJ's' housing market remains not optimal with an average home price that is 17% above the 2022 national average. Newark, NJ is part of Essex 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 Essex is 2.05% which is above the national average, which is 0.99%.

Median Home Price in Newark, NJ

Median Rent in Newark, NJ

Rent to own homes offer low monthly payments and flexible terms

Top Reasons to Live in Newark NJ

Housing Statistics Newark has an annual residential turnover rate of 21.29 percent. The median home sales price was $163,305 for the period of October to December 2012, while the average sales price for a property in Newark was $176,692. These statistics are based on the total number of 121 house sales transactions during this period. While 19.09 percent of the houses in Newark are presently owner-occupied, 67.23 percent are rent to own houses. 13.68 percent of the total number of homes in the community are available either for rent or for sale by the owner.

Local Shopping Shopping in Newark is best done on the busy streets of downtown Newark that feature a mix of chain retailers and small department stores. Popular among antique shoppers and those looking for limited-edition finds, Newark is a treasure chest of unique artifacts. Among the five major antique stores in Newark, Lost City Arts is a popular haunt of vintage furniture enthusiasts. If you're looking for one-of-a-kind antique housewares, Mood Indigo is the place to be. An antiques store that sells its wares flea-market style is Chelsea Antiques. Shopping here is an experience that must be tried. Newark is brimming with 20 or so independent and limited-edition bookstores that are popular with people of all ages.

Local Sports Newark has many opportunities for those interested in watching as well as participating in professional and amateur sports and recreational activities. The Newark Bears, the baseball team of Newark, is based out of the Bears Eagles Riverfront Stadium. Two collegiate baseball teams, NJIT Highlanders and Rutgers Newark Scarlet Raiders, are also based here. The Prudential Center, also known as the Rock, is home to the professional ice hockey team, the New Jersey Devils, who have three championships under their belt. For those looking to be active, they can head over to the Branch Brook Park Roller Skating Center.

Neighborhood Guide From the famous Portuguese dining options of the Ironbound neighborhood to the exquisite Victorian architecture in Forest Hill, Newark is made up of many neighborhoods, each with its own individual charm. A few neighborhoods are described below:

Newark, NJ Frequently Asked Questions

Newark, NJ has a walk score of

Newark, 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%.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Some data might be from tax-rates.org
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