Rent to own Homes in Somerset, NJ

Somerset is home to more than 22,000, nestled within Franklin Township. Franklin Township earned a 2008 Money Magazine ranking as the fifth best place to live in the U.S. Somerset is one of about 17 unincorporated communities in the thriving bedroom township. Somerset is within driving distance of the major metropolitan cities of New York, Philadelphia and Trenton. Somerset is home to many businesses, as well as recreational activities and points of interest.

Somerset, NJ is a great place for affordable rent-to-own homes! With a median household income of over $93,643 and a median rent of $1,704, the Somerset, 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 Somerset, 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 Somerset, 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 15 6 HIGHLAND AVE
Rent To Own
 
Single Family Home
Piscataway, NJ 08854
5
4
3270 ft2
1985
239 ALBERT ST
Rent To Own
North Plainfield
Single Family Home
North Plainfield, NJ 07063
5
3
2400 ft2
1952
1 LYNNWOOD RD
Rent To Own
North Potters New Dover
Single Family Home
Edison, NJ 08820
3
3
2241 ft2
1968
98 CHRISTIE ST
Rent To Own
Menlo Park Valentine
Single Family Home
Edison, NJ 08820
4
2
2104 ft2
1968
32 HOWELL AVE
Rent To Own
Fords
Single Family Home
Fords, NJ 08863
4
1
1368 ft2
1945
1807 RIDGEVIEW CT
Rent To Own
Sayreville
Townhouse/Condo
Parlin, NJ 08859
3
2
0 ft2
1997
30A W Roselle Ave #A
Rent To Own
Roselle Park
Single Family Home
Roselle Park, NJ 07204
2
1
0 ft2
1945
67 HILLSIDE AVE
Rent To Own
Florham Park
Single Family Home
Florham Park, NJ 07932
3
2
1008 ft2
1925
31 VOUGHT AVE
Rent To Own
Freehold
Single Family Home
Freehold, NJ 07728
2
3
1748 ft2
1920
17 GEORGETOWN CT
Rent To Own
 
Single Family Home
Allentown, NJ 08501
3
4
3884 ft2
2003
60 WAACKAACK AVE
Rent To Own
 
Single Family Home
Keansburg, NJ 07734
4
3
941 ft2
1938
1 of 24 26 Clinton Street Unit 1A
Rent To Own
 
Multifamily (2 - 4 Units)
Belleville, NJ 07109
1
1
0 ft2
1970
Southwind Village
Rent To Own
 
Single Family Home
Jackson, NJ 08527
2
2
960 ft2
2022
Southwind Village Plan
Rent To Own
 
Single Family Home
Jackson, NJ 08527
2
2
960 ft2
2021
17 BUCKNELL WAY
Rent To Own
 
Single Family Home
Hopatcong, NJ 07843
2
2
604 ft2
1940
9411 Shore Rd APT 5
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
2
1
1200 ft2
1960
67 MADISON CT
Rent To Own
 
Townhouse/Condo
Tinton Falls, NJ 07712
1
2
944 ft2
1998
6928 5th Ave #3
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
3
1
1100 ft2
366 BLACK OAK RIDGE RD
Rent To Own
 
Single Family Home
Wayne, NJ 07470
3
2
1808 ft2
1940
22 Lighthouse Point Rd
Rent To Own
 
Single Family Home
Highlands, NJ 07732
3
4
2227 ft2
2017
7 CENTRE ST #6110
Rent To Own
 
Townhouse/Condo
Ocean, NJ 07712
2
2
1485 ft2
2021
328 UNION AVE
Rent To Own
Wood Ridge
Single Family Home
Wood Ridge, NJ 07075
4
2
2450 ft2
1946
New
170 W 23rd St
Rent To Own
Chelsea
Townhouse/Condo
New York, NY 10011
1
1
600 ft2
1973
6010 Boulevard E #64
Rent To Own
West New York
Single Family Home
West New York, NJ 07093
2
2
1535 ft2
2942 KINSMAN CT
Rent To Own
Neshaminy Valley
Townhouse/Condo
Bensalem, PA 19020
3
1
1094 ft2
1975
Chinquapin Rd
Rent To Own
 
Single Family Home
Southampton, PA 18966
5
2
2708 ft2
20 TRENTON AVE
Rent To Own
 
Single Family Home
Point Pleasant Beach, NJ 08742
6
3
1680 ft2
1940
64 DAYTON CT #303
Rent To Own
 
Townhouse/Condo
Hackettstown, NJ 07840
2
1
1120 ft2
1993
New
518-536 GREGORY AVE #B201
Rent To Own
 
Townhouse/Condo
Weehawken, NJ 07086
1
1
700 ft2
1988
1 of 11 1401 44TH ST
Rent To Own
Meadowview
Single Family Home
North Bergen, NJ 07047
3
4
2012 ft2
2006
1 of 14 30 DRIFTWOOD DR
Rent to Own Eligible
Quail Brook
Single Family Home
Somerset, NJ 08873
2
3
1445 ft2
1984
1 of 91 44 DEMOTT LN
Rent to Own Eligible
Somerset
Single Family Home
Somerset, NJ 08873
4
2
2580 ft2
1958
16 LANGLEY PL
Rent to Own Eligible
Lincoln Gardens Historic District
Single Family Home
New Brunswick, NJ 08901
3
2
912 ft2
1920
1 of 14 204 PLAINFIELD AVE
Rent to Own Eligible
 
Single Family Home
Piscataway, NJ 08854
3
1
1288 ft2
1960
1 of 21 283 BENNETTS LN
Rent to Own Eligible
Six Mile Run
Single Family Home
Somerset, NJ 08873
4
3
2332 ft2
1959
1 of 44 101 BENNETTS LN
Rent to Own Eligible
Six Mile Run
Single Family Home
Somerset, NJ 08873
4
3
2590 ft2
1970
1 of 54 111 AYERS PL
Rent to Own Eligible
South Bound Brook
Single Family Home
South Bound Brook, NJ 08880
3
1
1200 ft2
1912
117 AYERS PL
Rent to Own Eligible
South Bound Brook
Single Family Home
South Bound Brook, NJ 08880
3
2
1700 ft2
1980
1 of 41 133 ELIZABETH ST
Rent to Own Eligible
South Bound Brook
Single Family Home
South Bound Brook, NJ 08880
4
3
1100 ft2
1960
1 of 111 106 MADISON ST
Rent to Own Eligible
South Bound Brook
Single Family Home
South Bound Brook, NJ 08880
5
2
2024 ft2
1966
110 Somerset St
Rent to Own Eligible
New Brunswick
Single Family Home
New Brunswick, NJ 08901
2
2
1216 ft2
2012
1 of 15 128 REMSEN AVE
Rent to Own Eligible
New Brunswick
Single Family Home
New Brunswick, NJ 08901
2
1
845 ft2
2007
1 of 42 364 BOWLER CT
Rent to Own Eligible
 
Townhouse/Condo
Piscataway, NJ 08854
2
2
1566 ft2
1998
1 of 30 15 CLEVELAND AVE
Rent to Own Eligible
Highland Park
Single Family Home
Highland Park, NJ 08904
6
3
1723 ft2
1910
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Popular Zip Codes in Somerset, NJ

08875 rent to own homes

Buying a Home in Somerset, NJ

Somerset, NJ is seeing rapid growth and Somerset, NJ's' housing market remains not optimal with an average home price that is 48% above the 2024 national average. Somerset, NJ is part of Somerset 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 Somerset is 1.81% which is above the national average, which is 0.99%.

Median Home Price in Somerset, NJ

Median Rent in Somerset, NJ

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

Top 5 Reasons to Live in Somerset, NJ

A wide selection of homes! A vast inventory of homes in Somerset awaits home buyers, including the rent to own market, from historic colonial-style to newer townhouses. Hamilton Street is a neighborhood in Somerset with cozy homes for sale near retail areas. Highland Avenue is a more tucked away community, with for sale by owner homes among the offerings.

Historical points of interest! Franklin Township was possibly named after Benjamin Franklin, and its Somerset section is teeming with history. The Blackwells Mills Canal House was built in 1835 and is a landmark along the Delaware and Raritan Canal. In its heyday, it housed canal bridge employees and today, is a living history museum. The Van Wickle House is another historical home and hosts year-round events.

Convenient locations! There are a number of locations in Somerset, which offer convenience to its residents, and are close to the area's shopping hubs. Easton Avenue is one of the area's desirable locations. With homes on and off of this main thoroughfare, also known as County Road 527, there are sub-developments with large fenced in yards, and split level ranches. The New Brunswick Road neighborhood is another prime destination with homes for rent, and houses for sale. These developments have sprawling properties and homes in idyllic neighborhoods with one to two car garages.

Diversified community and dining options! The cultural melting pot that has formed in Somerset makes it a comfortable community to reside in. That includes a variety of delicious dining options. The Stage House Tavern offers Continental cuisine. Hoysala is a favorite for Indian fare. There are also French, Chinese, Italian, Barbecue, Mediterranean, Jamaican, Thai, and Seafood restaurants to choose from.

Beautiful parks! Colonial Park is a favorite park with ponds, recreational activities, and appealing horticultural displays on its 685 acres. Green Knoll Tennis Center is another outdoor asset within Somerset.