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.

Showing 1 - 44 of 176
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
30A W Roselle Ave #A
2 Beds, 1 Bath
Rent To Own
Roselle Park
Single Family Home
Roselle Park, NJ 07204
Built in 1945
529 GREEN ST
3 Beds, 2 Baths
Rent To Own
Quality Hill
Townhouse/Condo
Elizabeth, NJ 07202
1,104 Sqft | Built in 1943
New
207 Shearwater Ct W
3 Beds, 2.5 Baths
Rent To Own
Port Liberté
Townhouse/Condo
Jersey City, NJ 07305
2,110 Sqft | Built in 1996
New
202 Shearwater Ct W
2 Beds, 2.5 Baths
Rent To Own
Port Liberté
Single Family Home
Jersey City, NJ 07305
1,565 Sqft
328 UNION AVE
4 Beds, 2 Baths
Rent To Own
Wood Ridge
Single Family Home
Wood Ridge, NJ 07075
2,450 Sqft | Built in 1946
1401 44TH ST
3 Beds, 4 Baths
Rent To Own
Meadowview
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
Rent to own homes offer low monthly payments and flexible terms.
New
1425 HUDSON ST
2 Beds, 2 Baths
Rent To Own
Hoboken
Townhouse/Condo
Hoboken, NJ 07030
1,291 Sqft | Built in 2020
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
New
268 BAY RIDGE AVE
2 Beds, 2 Baths
Rent To Own
Bay Ridge and Fort Hamilton
Townhouse/Condo
Brooklyn, NY 11220
1,384 Sqft | Built in 2015
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
6010 Boulevard E #64
2 Beds, 2 Baths
Rent To Own
West New York
Single Family Home
West New York, NJ 07093
1,535 Sqft
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
32 HOWELL AVE
4 Beds, 1 Bath
Rent To Own
Fords
Single Family Home
Fords, NJ 08863
1,368 Sqft | Built in 1945
New
225 E 34TH ST
2 Beds, 2 Baths
Rent To Own
Murray Hill
Townhouse/Condo
New York, NY 10016
1,110 Sqft | Built in 2007
67 HILLSIDE AVE
3 Beds, 2 Baths
Rent To Own
Florham Park
Single Family Home
Florham Park, NJ 07932
1,008 Sqft | Built in 1925
1 LYNNWOOD RD
3 Beds, 2.5 Baths
Rent To Own
North Potters New Dover
Single Family Home
Edison, NJ 08820
2,241 Sqft | Built in 1968
98 CHRISTIE ST
4 Beds, 2 Baths
Rent To Own
Menlo Park Valentine
Single Family Home
Edison, NJ 08820
2,104 Sqft | Built in 1968
New
150 E 61st St
1 Bed, 1 Bath
Rent To Own
Upper East Side
Single Family Home
New York, NY 10065
625 Sqft
New
1 of 81 245 E 54TH ST
1 Bed, 1 Bath
Rent To Own
Midtown East
Multifamily (5+ Units)
New York, NY 10022
Built in 1977
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
New
140 AVENUE O
2 Beds, 2 Baths
Rent To Own
Bensonhurst
Townhouse/Condo
Brooklyn, NY 11204
807 Sqft | Built in 2011
New
70 E 77TH ST
4 Beds, 2.5 Baths
Rent To Own
Upper East Side
Multifamily (5+ Units)
New York, NY 10075
2,200 Sqft | Built in 1917
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
Southern Brooklyn
Townhouse/Condo
Brooklyn, NY 11214
1,153 Sqft | Built in 1988
New
400 E 67TH ST
2 Beds, 2.5 Baths
Rent To Own
Upper East Side
Townhouse/Condo
New York, NY 10065
1,418 Sqft | Built in 2005
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
366 BLACK OAK RIDGE RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Wayne, NJ 07470
1,808 Sqft | Built in 1940
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
Southern Brooklyn
Single Family Home
Brooklyn, NY 11229
1,705 Sqft | Built in 2019
New
2131 OCEAN AVE
3 Beds, 2 Baths
Rent To Own
Southern Brooklyn
Townhouse/Condo
Brooklyn, NY 11229
1,418 Sqft | Built in 2009
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
239 ALBERT ST
5 Beds, 3 Baths
Rent To Own
North Plainfield
Single Family Home
North Plainfield, NJ 07063
2,400 Sqft | Built in 1952
1807 RIDGEVIEW CT
3 Beds, 2 Baths
Rent To Own
Sayreville
Townhouse/Condo
Parlin, NJ 08859
Built in 1997
73-12 35th Ave #C6
2 Beds, 1 Bath
Rent To Own
Northwestern Queens
Single Family Home
Jackson Heights, NY 11372
938 Sqft | Built in 1940
60 WAACKAACK AVE
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Keansburg, NJ 07734
941 Sqft | Built in 1938
5900 ARLINGTON AVE #21B
4 Beds, 2 Baths
Rent To Own
North Riverdale
Townhouse/Condo
Bronx, NY 10471
1,580 Sqft | Built in 1962
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
22 LIGHTHOUSE POINT RD
3 Beds, 4 Baths
Rent To Own
 
Townhouse/Condo
Highlands, NJ 07732
2,227 Sqft | Built in 2017
141-24 78th Avenue Avenue UNIT 2B
3 Beds, 1 Bath
Rent To Own
Kew Garden Hills
Single Family Home
Flushing, NY 11367
Built in 1942
1 of 5 100 Clarewood Drive
1 Bed, 1 Bath
Rent To Own
South Ardsley
Multifamily (2 - 4 Units)
Hastings-On-Hudson, NY 10706
776 Sqft | Built in 1925
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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 2023 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 2023 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:

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