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 440
1 of 24 26 Clinton Street Unit 1A
Rent To Own
 
Multifamily (2 - 4 Units)
Belleville, NJ 07109
1
1
0 ft2
1970
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
328 UNION AVE
Rent To Own
Wood Ridge
Single Family Home
Wood Ridge, NJ 07075
4
2
2450 ft2
1946
518-536 Gregory Ave #B201
Rent To Own
 
Single Family Home
Weehawken, NJ 07086
1
1
700 ft2
9411 Shore Rd APT 5
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
2
1
1200 ft2
1960
6928 5th Ave #3
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
3
1
1100 ft2
6010 Boulevard E #64
Rent To Own
West New York
Single Family Home
West New York, NJ 07093
2
2
1535 ft2
57 FRONT ST #704
Rent To Own
DUMBO
Townhouse/Condo
Brooklyn, NY 11201
2
2
1132 ft2
1899
Hot
1734 60TH ST
Rent To Own
Borough Park
Single Family Home
Brooklyn, NY 11204
3
2
2414 ft2
1905
Hot
32 HOWELL AVE
Rent To Own
Fords
Single Family Home
Fords, NJ 08863
4
1
1368 ft2
1945
1 of 26 225 E 34TH ST
Rent To Own
Murray Hill
Townhouse/Condo
New York, NY 10016
2
2
1110 ft2
2007
Hot
1 LYNNWOOD RD
Rent To Own
North Potters New Dover
Single Family Home
Edison, NJ 08820
3
3
2241 ft2
1968
241 W 108TH ST #4C
Rent To Own
Upper West Side
Townhouse/Condo
New York, NY 10025
1
1
750 ft2
1911
1 of 39 140 AVENUE O
Rent To Own
Bensonhurst
Townhouse/Condo
Brooklyn, NY 11204
2
2
807 ft2
2011
401 E 60TH ST #4C
Rent To Own
Upper East Side
Townhouse/Condo
New York, NY 10022
5
5
3500 ft2
2000
2761 BATH AVE #3D
Rent To Own
Southern Brooklyn
Townhouse/Condo
Brooklyn, NY 11214
3
3
1153 ft2
1988
343 E 74th St PENTHOUSE 1D
Rent To Own
Upper East Side
Single Family Home
New York, NY 10021
3
4
1862 ft2
1987
366 BLACK OAK RIDGE RD
Rent To Own
 
Single Family Home
Wayne, NJ 07470
3
2
1808 ft2
1940
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
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
239 ALBERT ST
Rent To Own
North Plainfield
Single Family Home
North Plainfield, NJ 07063
5
3
2400 ft2
1952
Hot
1807 RIDGEVIEW CT
Rent To Own
Sayreville
Townhouse/Condo
Parlin, NJ 08859
3
2
1382 ft2
1997
73-12 35th Ave #C6
Rent To Own
Northwestern Queens
Single Family Home
Jackson Heights, NY 11372
2
1
938 ft2
1940
60 WAACKAACK AVE
Rent To Own
 
Single Family Home
Keansburg, NJ 07734
4
3
941 ft2
2022
5900 ARLINGTON AVE #21B
Rent To Own
North Riverdale
Townhouse/Condo
Bronx, NY 10471
4
2
1580 ft2
1962
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
141-24 78th Avenue Avenue UNIT 2B
Rent To Own
Kew Garden Hills
Single Family Home
Flushing, NY 11367
3
1
0 ft2
1942
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
24 OAKLAND AVE
Rent To Own
North Side
Single Family Home
Mount Vernon, NY 10552
4
4
2000 ft2
1930
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
17 BUCKNELL WAY
Rent To Own
 
Single Family Home
Hopatcong, NJ 07843
2
2
604 ft2
1940
7 CENTRE ST #6110
Rent To Own
 
Townhouse/Condo
Ocean, NJ 07712
2
2
1485 ft2
2021
1 of 37 80 MCEWEN ST
Rent To Own
 
Single Family Home
Warwick, NY 10990
2
1
1008 ft2
1915
89 SCHLEY ST
Rent to Own Eligible
Upper Clinton Hill
Single Family Home
Newark, NJ 07112
5
3
1960 ft2
1922
1 of 16 929 CHANCELLOR AVE
Rent to Own Eligible
Upper Irvington
Townhouse/Condo
Irvington, NJ 07111
7
3
2020 ft2
1910
New
333 Keer Ave
Rent to Own Eligible
Weequahic
Single Family Home
Newark, NJ 07112
4
4
2124 ft2
1939
672 S 18TH ST
Rent to Own Eligible
West Side
Single Family Home
Newark, NJ 07103
6
2
2288 ft2
1920
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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 2024 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 2024 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: