Rent to own Homes in Summit, NJ

With its bustling downtown, vibrant restaurant scene and proximity to New York City, Summit has earned a reputation as one of the most desirable towns in New Jersey. A long-time favorite on New Jersey Monthly's annual Best Places to Live in New Jersey issue, this Union County township has a population of more than 21,000 but still retains its small-town charm.

Summit, NJ is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Summit, 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 Summit, NJ rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
67 HILLSIDE AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Florham Park, NJ 07932
1,008 Sqft | Built in 1925
30A W Roselle Ave #A
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roselle Park, NJ 07204
Built in 1945
239 ALBERT ST
5 Beds, 3 Baths
Rent To Own
 
Single Family Home
North Plainfield, NJ 07063
2,400 Sqft | Built in 1952
1 LYNNWOOD RD
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Edison, NJ 08820
2,241 Sqft | Built in 1968
98 CHRISTIE ST
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Edison, NJ 08820
2,104 Sqft | Built in 1968
529 GREEN ST
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Elizabeth, NJ 07202
1,104 Sqft | Built in 1943
32 HOWELL AVE
4 Beds, 1 Bath
Rent To Own
 
Single Family Home
Fords, NJ 08863
1,368 Sqft | Built in 1945
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
Rent to own homes offer low monthly payments and flexible terms.
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
366 BLACK OAK RIDGE RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Wayne, NJ 07470
1,808 Sqft | Built in 1940
1807 RIDGEVIEW CT
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Parlin, NJ 08859
Built in 1997
328 UNION AVE
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Wood Ridge, NJ 07075
2,450 Sqft | Built in 1946
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
1401 44TH ST
3 Beds, 4 Baths
Rent To Own
 
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
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
 
Single Family Home
West New York, NJ 07093
1,535 Sqft
17 BUCKNELL WAY
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Hopatcong, NJ 07843
604 Sqft | Built in 1940
57 FRONT ST #704
2 Beds, 2 Baths
Rent To Own
DUMBO
Townhouse/Condo
Brooklyn, NY 11201
1,132 Sqft | Built in 1899
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
20 LEXINGTON HL #10
2 Beds, 2 Baths
Rent To Own
Kips Bay
Townhouse/Condo
Harriman, NY 10926
960 Sqft | Built in 1985
2761 BATH AVE #3D
3 Beds, 3 Baths
Rent To Own
Gravesend
Townhouse/Condo
Brooklyn, NY 11214
1,153 Sqft | Built in 1988
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
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
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
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
Sheepshead Bay
Single Family Home
Brooklyn, NY 11229
1,705 Sqft | Built in 2019
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
31 VOUGHT AVE
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Freehold, NJ 07728
1,748 Sqft | Built in 1920
22 LIGHTHOUSE POINT RD
3 Beds, 4 Baths
Rent To Own
 
Townhouse/Condo
Highlands, NJ 07732
2,227 Sqft | Built in 2017
73-12 35th Ave #C6
2 Beds, 1 Bath
Rent To Own
Jackson Heights
Single Family Home
Jackson Heights, NY 11372
938 Sqft | Built in 1940
64 DAYTON CT #303
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Hackettstown, NJ 07840
1,120 Sqft | Built in 1993
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 5 100 Clarewood Drive
1 Bed, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Hastings-On-Hudson, NY 10706
776 Sqft | Built in 1925
1 of 9 87 JEFFERSON TER
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Springfield, NJ 07081
1,755 Sqft | Built in 1952
1 of 46 55 PASSAIC AVE
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Summit, NJ 07901
1,840 Sqft | Built in 1976
1 of 35 101 COMMONWEALTH AVE
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
New Providence, NJ 07974
3,500 Sqft | Built in 1950
1 of 14 405 MOUNTAIN AVE
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Springfield, NJ 07081
1,932 Sqft | Built in 1961
33 STATION RD
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Madison, NJ 07940
2,564 Sqft | Built in 2007
1 of 15 41 DEAN ST
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Madison, NJ 07940
1,552 Sqft | Built in 1940
1 of 7 5 BROOKSIDE DR
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Millburn, NJ 07041
956 Sqft | Built in 1915
Hot
641 KIMBALL AVE
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Westfield, NJ 07090
1,465 Sqft | Built in 1925
Hot
1 of 12 5 BERKSHIRE DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Berkeley Heights, NJ 07922
1,418 Sqft | Built in 1952
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Neighborhoods in Summit, NJ

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Popular Zip Codes in Summit, NJ

07902 rent to own homes

Buying a Home in Summit, NJ

Summit, NJ is seeing rapid growth and Summit, NJ's' housing market remains optimal with an average home price that is -100% below the 2022 national average. Summit, NJ is part of Union 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 2022 for county Union is 1.87% which is above the national average, which is 0.99%.

Median Home Price in Summit, NJ

Median home price data is currently unavailable.

Median Rent in Summit, NJ

Median rent data is currently unavailable.
Rent to own homes offer low monthly payments and flexible terms.

Top 4 Reasons to Live in Summit, NJ

Lively downtown! With more than 200 boutique shops and a plethora of restaurants and services, Summit has one of the best downtowns in the state of New Jersey. Head to neighborhood hot spot Roots Steakhouse for a delicious strip or filet, Fiorino for Italian or the Bombay Bistro for Indian. For shopping, check out high-end, designer women's clothing at Bella Ro or Willow Street, unique finds at the Summit Antiques Center and rare and popular music at Scotti's.

It's so easy to get around! Summit Station provides commuters with direct service to New York City's Penn Station in midtown Manhattan. Riders can arrive at the station from Summit in just 35 minutes on the express New Jersey Transit line and 50 minutes on the local line. Built in 1904, this historic station, located on Union Place and Broad Street, is one of the few NJ Transit stations with a platform below street level. Service to lower Manhattan is also available via Hoboken on the Gladstone line. Summit is also only 13 miles from Newark International Airport.

More affordable now than before! Although Summit is one of the more expensive towns for buyers looking for rent to own properties, the median sales price decreased 2.9 percent from August to November of 2014, making the dream of owning a home in this prestigious community even more realistic. The median house sale price in 2014 was $737,000, while the average asking price was $1.1 million. Look for homes around Morris Ave or near the Union City Openspace & Recreation Park.

Housing options for everyone! Whether you're seeking a single-family home, apartment, condominium or multi-family dwelling, Summit has it. Sprawling luxury estates abound in the Northside neighborhood while smaller, more intimate space is available the closer you get to Springfield Avenue in downtown. Architecture that dates as far back as the 18th century can be found in Summit, as well as newer, more modern construction.

Summit, NJ Frequently Asked Questions

Summit, NJ has a walk score of

Summit, NJ has a bike score of

The state tax rate is 1.4 to 10.75% on top of the federal tax rate of 10 to 37%.

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