Rent to own Homes in Paterson, NJ

One of the biggest and busiest cities in northern New Jersey, the densely populated town of Paterson offers plenty of opportunities for any Garden State resident looking for a new place to call home. Christened after one of the state's true heroes, William Paterson, New Jersey's Revolutionary War-era governor, Paterson developed into a thriving industrial town throughout the 19th and 20th centuries. Known particularly for its silk production and firearms manufacturing, it eventually grew into a very diverse, immigrant-heavy town. It provides easy access for commuters into New York City and other towns in northern Jersey and features plenty of fine parks and museums.

Paterson, NJ is a great place for affordable rent-to-own homes! With a median household income of over $45,141 and a median rent of $1,213, the Paterson, 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 Paterson, 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 Paterson, NJ rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
New
4 2nd Street
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Rent To Own
 
Single Family Home
Wayne, NJ 07470
2
1
0 ft2
1970
320 62ND ST #302
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Rent To Own
West New York
Single Family Home
West New York, NJ 07093
2
1
960 ft2
2008
284 KNOX AVE
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Rent To Own
Cliffside Park
Single Family Home
Cliffside Park, NJ 07010
3
3
0 ft2
2019
6010 Boulevard E #64
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Rent To Own
West New York
Single Family Home
West New York, NJ 07093
2
2
1535 ft2
518-536 Gregory Ave #B201
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Single Family Home
Weehawken, NJ 07086
1
1
700 ft2
1 of 31 1 VAIL RD
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Single Family Home
Lake Hiawatha, NJ 07034
3
1
0 ft2
1948
1100 RIVER RD
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Edgewater
Townhouse/Condo
Edgewater, NJ 07020
2
2
0 ft2
2006
New
1 of 32 239 NESBIT TER
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Single Family Home
Irvington, NJ 07111
3
2
0 ft2
1927
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
New
1 of 44 40 Pinehurst Avenue #PH8B
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Townhouse/Condo
New York (Manhattan), NY 10033
2
2
1043 ft2
2018
150 61st Street
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Upper East Side
Single Family Home
New York, NY 10065
1
1
625 ft2
New
15 Freedom Way # 412
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Port Liberté
Single Family Home
Jersey City, NJ 07305
1
1
766 ft2
New
30 Constitution Way # 308
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Port Liberté
Single Family Home
Jersey City, NJ 07305
2
2
1197 ft2
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
1 of 11 245 E 54TH ST #4C
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Rent To Own
Midtown East
Townhouse/Condo
New York, NY 10022
1
1
0 ft2
1977
202 Shearwater Ct West # 53
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Port Liberté
Single Family Home
Jersey City, NJ 07305
2
3
1565 ft2
1 of 39 225 E 34TH ST
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Rent To Own
Murray Hill
Townhouse/Condo
New York, NY 10016
2
2
1110 ft2
2007
New
1 of 12 225 E. 34th #2G
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Murray Hill
Townhouse/Condo
New York (Manhattan), NY 10016
2
2
1110 ft2
2007
New
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
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
1 of 6 333 E 41ST ST #4E
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Rent To Own
Tudor City
Townhouse/Condo
New York, NY 10017
1
1
700 ft2
1926
401 E 60TH ST #4C
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Rent To Own
Upper East Side
Townhouse/Condo
New York, NY 10022
5
5
3500 ft2
2000
New
1 of 13 811 Walton Avenue #F21
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Concourse
Townhouse/Condo
Bronx, NY 10451
1
1
1000 ft2
1927
1 of 3 120 GREENWICH ST #9G
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Financial District
Townhouse/Condo
New York, NY 10006
1
1
557 ft2
1903
67 HILLSIDE AVE
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Florham Park
Single Family Home
Florham Park, NJ 07932
3
2
1008 ft2
1925
30A W Roselle Ave #A
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Roselle Park
Single Family Home
Roselle Park, NJ 07204
2
1
0 ft2
1945
11-35 45th
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Hunters Point
Single Family Home
Queens, NY 11101
1
1
714 ft2
2015
57 FRONT ST #704
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Rent To Own
DUMBO
Townhouse/Condo
Brooklyn, NY 11201
2
2
1132 ft2
1899
529 GREEN ST
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Rent To Own
Quality Hill
Single Family Home
Elizabeth, NJ 07202
3
2
1104 ft2
1943
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
1 of 17 20 HUNTINGTON ST
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Rent To Own
Red Hook
Single Family Home
Brooklyn, NY 11231
4
4
2428 ft2
2022
1 of 134 90 BAY STREET LNDG
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St. George
Townhouse/Condo
Staten Island, NY 10301
2
2
1592 ft2
1900
New
1 of 22 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 73-12 35th Avenue
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Northwestern Queens
Single Family Home
Jackson Heights, NY 11372
1
1
886 ft2
1942
New
954 BERGEN ST
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Rent To Own
Bedford - Stuyvesant
Townhouse/Condo
Brooklyn, NY 11216
1
1
600 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
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
1 of 13 10909 15th Ave
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Townhouse/Condo
College Point, NY 11356
3
2
1450 ft2
1900
New
1 of 10 109-09 15 Avenue #N108
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Townhouse/Condo
College Point, NY 11356
3
2
1450 ft2
2019
1 of 7 109-09 15 Avenue
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Single Family Home
College Point, NY 11356
3
2
0 ft2
2019
Hot
1734 60TH ST
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Rent To Own
Borough Park
Single Family Home
Brooklyn, NY 11204
3
2
2414 ft2
1905
1 of 3 112-30 Northern Boulevard
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Rent To Own
Northwestern Queens
Single Family Home
Corona, NY 11368
1
1
0 ft2
1953
Hot
663 LENOX RD
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Rent To Own
East Flatbush
Single Family Home
Brooklyn, NY 11203
3
2
1160 ft2
1920
1 of 6 98-05 63 Road
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Rent To Own
Northwestern Queens
Single Family Home
Rego Park, NY 11374
3
2
1280 ft2
1955
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Buying a Home in Paterson, NJ

Paterson, NJ is seeing rapid growth and Paterson, NJ's' housing market remains not optimal with an average home price that is 18% above the 2025 national average. Paterson, NJ is part of Passaic 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 Passaic is 1.97% which is above the national average, which is 0.99%.

Median Home Price in Paterson, NJ

Median Rent in Paterson, NJ

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Paterson, NJ

Housing There are plenty of opportunities throughout Paterson for those looking for rent to own houses. Paterson is dominated by renters; 69 percent of the town's homes are renter-occupied. Prices for houses throughout Paterson seem to be trending down, too. For the period between December 2012 and February 2013, the average price on a home dipped to $115,000 (for 20 sales), an almost 40 percent drop from the previous year. Those looking for a new house could take advantage of this dip in the market. The average price for a home in Paterson through the first week in August of 2013 was $195,631 - that's a significant bargain in the very crowded (and very expensive) northern New Jersey market.

Largest Employers and Industries Being a very large and very urban town, city government is one of the town's largest employers, right alongside the nearby St. Joseph's Regional Medical Center. The local university, William Paterson University, is another important part of the local economy. Additionally, the bustling Newark-Liberty Airport is only a few miles away from Paterson, providing plenty of jobs for locals. Other important parts of the Paterson economy include the Accurate Box Company and Marcal Paper Products. Paterson also features plenty of smaller businesses that keep residents employed.

Weather and Climate Paterson offers a typical East Coast climate - hot summers with occasional thunderstorms, cool autumns, cold winters, cool-to-warm springs. The area receives just about the average amount of snow for northern New Jersey (just over two feet a year), seeing about 20 days a year with an inch or more of snow. In total, there's about 76 days a year with significant precipitation - a little bit above average, but pretty normal for the East Coast. Large storms are rare, although the town was adversely affected during Hurricane Irene in 2011, with plenty of flooding and significant damage throughout Paterson. Additionally, those looking for some nature while in Paterson will be in luck. Paterson boasts one of northern New Jersey's finest outdoor attractions in the Paterson Great Falls National Historical Park, which is full of local lore and some great natural sights. There's a small museum along with a jaw-dropping waterfall, perfect for a day trip.

Neighborhoods There are a number of distinct neighborhoods in Paterson, so residents looking to rent homes throughout the town will find plenty of diverse options for settling down. Paterson is split into wards, with each ward featuring plenty of different neighborhoods.