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 Newark, NJ rent to own homes for sale, which may include auction properties, for sale by owner, and more.
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1 of 32 239 NESBIT TER
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Single Family Home
Irvington, NJ 07111
3
2
0 ft2
1927
529 GREEN ST
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Rent To Own
Quality Hill
Single Family Home
Elizabeth, NJ 07202
3
2
1104 ft2
1943
30A W Roselle Ave #A
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Roselle Park
Single Family Home
Roselle Park, NJ 07204
2
1
0 ft2
1945
15 Freedom Way # 412
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Port Liberté
Single Family Home
Jersey City, NJ 07305
1
1
766 ft2
30 Constitution Way # 308
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Port Liberté
Single Family Home
Jersey City, NJ 07305
2
2
1197 ft2
202 Shearwater Ct West # 53
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Port Liberté
Single Family Home
Jersey City, NJ 07305
2
3
1565 ft2
1 of 27 207 Shearwater Ct W #46
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Port Liberté
Townhouse/Condo
Jersey City, NJ 07305
2
2
1100 ft2
1996
1 of 134 90 BAY STREET LNDG
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St. George
Townhouse/Condo
Staten Island, NY 10301
2
2
1592 ft2
1900
518-536 Gregory Ave #B201
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Rent To Own
 
Single Family Home
Weehawken, NJ 07086
1
1
700 ft2
9411 Shore Rd APT 5
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Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
2
1
1200 ft2
1960
New
1 of 20 5418 3RD AVE
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Rent To Own
Sunset Park
Townhouse/Condo
Brooklyn, NY 11220
3
2
655 ft2
2012
1 of 3 120 GREENWICH ST #9G
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Financial District
Townhouse/Condo
New York, NY 10006
1
1
557 ft2
1903
320 62ND ST #302
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West New York
Single Family Home
West New York, NJ 07093
2
1
960 ft2
2008
6010 Boulevard E #64
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West New York
Single Family Home
West New York, NJ 07093
2
2
1535 ft2
4 2nd Street
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Single Family Home
Wayne, NJ 07470
2
1
0 ft2
1970
1 of 17 20 HUNTINGTON ST
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Red Hook
Single Family Home
Brooklyn, NY 11231
4
4
2428 ft2
2022
1 of 23 28 HUNTINGTON ST
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Rent To Own
Carroll Gardens
Single Family Home
Brooklyn, NY 11231
4
5
3158 ft2
2022
57 FRONT ST #704
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DUMBO
Townhouse/Condo
Brooklyn, NY 11201
2
2
1132 ft2
1899
Hot
1 of 2 10 W END AVE
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Upper West Side
Townhouse/Condo
New York, NY 10023
2
2
1242 ft2
2005
284 KNOX AVE
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Cliffside Park
Single Family Home
Cliffside Park, NJ 07010
3
3
0 ft2
2019
Hot
1734 60TH ST
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Borough Park
Single Family Home
Brooklyn, NY 11204
3
2
2414 ft2
1905
Hot
32 HOWELL AVE
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Fords
Single Family Home
Fords, NJ 08863
4
1
1368 ft2
1945
1051 Edgegrove Avenue
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Woodrow
Multifamily (2 - 4 Units)
Staten Island, NY 10309
4
3
3150 ft2
2024
1 of 40 225 E 34TH ST
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Rent To Own
Murray Hill
Townhouse/Condo
New York, NY 10016
2
2
1110 ft2
2007
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 31 1 VAIL RD
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Single Family Home
Lake Hiawatha, NJ 07034
3
1
0 ft2
1948
Hot
98 CHRISTIE ST
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Menlo Park Valentine
Single Family Home
Edison, NJ 08820
4
2
2104 ft2
1968
1 of 22 2286 Cropsey Avenue #4Q
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Rent To Own
Southern Brooklyn
Townhouse/Condo
Brooklyn, NY 11214
4
3
1766 ft2
2023
1 of 19 2286 Cropsey Avenue #4K
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Rent To Own
Southern Brooklyn
Townhouse/Condo
Brooklyn, NY 11214
4
3
1756 ft2
2023
1 of 6 333 E 41ST ST #4E
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Tudor City
Townhouse/Condo
New York, NY 10017
1
1
700 ft2
1926
150 61st Street
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Upper East Side
Single Family Home
New York, NY 10065
1
1
625 ft2
1 of 11 245 E 54TH ST #4C
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Midtown East
Townhouse/Condo
New York, NY 10022
1
1
0 ft2
1977
1100 RIVER RD
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Edgewater
Townhouse/Condo
Edgewater, NJ 07020
2
2
0 ft2
2006
1 of 48 140 AVENUE O
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Rent To Own
Bensonhurst
Townhouse/Condo
Brooklyn, NY 11204
2
2
807 ft2
2011
15 MADSEN AVE
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Rent To Own
Charleston
Townhouse/Condo
Staten Island, NY 10309
4
4
3762 ft2
2024
233 E 60TH ST
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Rent To Own
Upper East Side
Multifamily (5+ Units)
New York, NY 10022
5
6
5618 ft2
1910
401 E 60TH ST #4C
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Upper East Side
Townhouse/Condo
New York, NY 10022
5
5
3500 ft2
2000
343 E 74th St PENTHOUSE 1D
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Rent To Own
Upper East Side
Single Family Home
New York, NY 10021
3
4
1862 ft2
1987
New
954 BERGEN ST
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Bedford - Stuyvesant
Townhouse/Condo
Brooklyn, NY 11216
1
1
600 ft2
2015
1 of 16 393 Avenue S #5H
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Rent To Own
Southern Brooklyn
Townhouse/Condo
Brooklyn, NY 11223
1
1
750 ft2
11-35 45th
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Hunters Point
Single Family Home
Queens, NY 11101
1
1
714 ft2
2015
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
1 of 12 1289 E 19TH ST #F2
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Midwood
Townhouse/Condo
Brooklyn, NY 11230
1
1
720 ft2
1931
Hot
1 of 4 1289 E 19TH ST
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Rent To Own
Midwood
Multifamily (5+ Units)
Brooklyn, NY 11230
1
1
720 ft2
1931
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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 2025 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 2025 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: