Rent to own Homes in Fairbanks, AK

Fairbanks is Alaska's only interior city and is surrounded by untouched wilderness. It was founded in 1901 and was originally intended as a trading post for gold prospectors. It is the closest city to North America's highest summit, Mount McKinley, which is just 120 miles north. Throughout the winter months, the city and surrounding area is one of the best places in Alaska to view the Northern Lights.

Fairbanks, AK is a great place for affordable rent-to-own homes! With a median household income of over $64,397 and a median rent of $1,327, the Fairbanks, AK 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 Fairbanks, AK. 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 Fairbanks, AK rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 109
New
1 of 7 1309 28TH AVE
Rent To Own
Van Horn Industrial Area
Townhouse/Condo
Fairbanks, AK 99701
2
2
854 ft2
1985
1 of 3 3850 Royal Road
Rent To Own
Van Horn Industrial Area
Multifamily (2 - 4 Units)
Fairbanks, AK 99701
2
2
9372 ft2
1984
1 of 28 1200 SHANE CT
Rent To Own
Lakloey-Persinger
Single Family Home
North Pole, AK 99705
5
3
2451 ft2
2011
1 of 36 NE Fairbanks
Rent To Own
Downtown Fairbanks
Multifamily (2 - 4 Units)
Fairbanks, AK 99712
4
3
2620 ft2
2004
1 of 11 1286 KUYKENDALL ST
Rent To Own
University West
Single Family Home
Fairbanks, AK 99709
3
1
1200 ft2
1985
1 of 24 408 CRESTMONT DR
Rent To Own
 
Single Family Home
Fairbanks, AK 99709
3
2
2347 ft2
1986
New
1 of 14 3740 STUDIO RD
Rent To Own
 
Single Family Home
Fairbanks, AK 99709
7
3
4060 ft2
1983
Hot New
1 of 51 2999 DYKE RD
Rent To Own
Newby Road
Single Family Home
North Pole, AK 99705
3
1
1800 ft2
1964
1 of 17 1920 BERGGREN CT
Rent To Own
 
Single Family Home
North Pole, AK 99705
3
2
1300 ft2
2003
455 CARLTON DR
Pre-Foreclosure (NOD)
 
Single Family Home
Fairbanks, AK 99701
4
2
1032 ft2
1984
New
417 Baranof Avenue
Auction
Hamilton Acres
Multifamily (2 - 4 Units)
Fairbanks, AK 99701
3
2
2912 ft2
1984
1648 COTTONWOOD ST
Auction
Aurora-Lemeta
Single Family Home
Fairbanks, AK 99709
1
1
1208 ft2
1958
New
112 DUNBAR AVE
Pre-Foreclosure (NOD)
Hamilton Acres
Single Family Home
Fairbanks, AK 99701
3
2
1480 ft2
1975
1 of 110 950 STOL DR N
VA Foreclosure
Lakloey-Persinger
Single Family Home
North Pole, AK 99705
4
3
1788 ft2
1985
1340 JOYCE DR
Pre-Foreclosure (NOD)
Lazelle Estates
Single Family Home
Fairbanks, AK 99701
3
3
1763 ft2
2016
New
1831 TOOTIE ST
Pre-Foreclosure (NOD)
Bradway-Clear Creek
Single Family Home
North Pole, AK 99705
3
3
1680 ft2
1984
417 FAIRBANKS ST
Auction
Geist Road
Single Family Home
Fairbanks, AK 99709
4
3
1680 ft2
1971
1 of 78 1429 WESTMORELAND AVE
Auction
 
Single Family Home
Fairbanks, AK 99712
3
2
1560 ft2
1984
1 of 5 330 GOLD CLAIM AVE
REO Foreclosure
 
Single Family Home
Fairbanks, AK 99712
3
3
2344 ft2
1972
580 HAGAMAN RD
Pre-Foreclosure (NOD)
 
Single Family Home
Fairbanks, AK 99712
1
1
936 ft2
1970
5000 DARTMOUTH DR #A35
Auction
University West
Townhouse/Condo
Fairbanks, AK 99709
3
2
1118 ft2
1983
130 VASSAR CIR #3
REO Foreclosure
University West
Townhouse/Condo
Fairbanks, AK 99709
2
1
894 ft2
1980
1 of 7 5251 AERONCA AVE
Auction
Smith and Broadmoor
Single Family Home
Fairbanks, AK 99709
2
1
800 ft2
1964
2574 LUCILLE AVE
Auction
 
Single Family Home
North Pole, AK 99705
3
2
1512 ft2
2005
2612 ARABIAN CT
Pre-Foreclosure (NOD)
 
Single Family Home
North Pole, AK 99705
4
4
2311 ft2
1995
2667 DESERT EAGLE LOOP
Pre-Foreclosure (NOD)
 
Single Family Home
North Pole, AK 99705
3
1
1514 ft2
2016
1684 CHENA RIDGE RD
Auction
 
Single Family Home
Fairbanks, AK 99709
3
2
2546 ft2
1976
1 of 4 2500 MISSION RD
Auction
Newby Road
Single Family Home
North Pole, AK 99705
3
2
1947 ft2
1981
2230 BORDEAUX ST
REO Foreclosure
 
Single Family Home
North Pole, AK 99705
3
2
1587 ft2
2006
311 SWEREN ST E
Auction
 
Single Family Home
Fairbanks, AK 99712
2
1
984 ft2
1976
1 of 45 471 TOWNSEND WAY
VA Foreclosure
 
Single Family Home
Fairbanks, AK 99709
3
1
1088 ft2
1974
1 of 9 Chena River
Rent To Own
 
Multifamily (2 - 4 Units)
Fairbanks, AK 99705
0
0
0 ft2
1419 MOORE ST
Auction
Van Horn Industrial Area
Single Family Home
Fairbanks, AK 99701
0
2
1850 ft2
1964
1419 4TH AVE
Auction
Weeks Field
Single Family Home
Fairbanks, AK 99701
0
2
2048 ft2
1973
New
620 2ND ST
Pre-Foreclosure (NOD)
 
Single Family Home
Fairbanks, AK 99701
0
3
1632 ft2
1955
2008 GILLAM WAY
REO Foreclosure
Van Horn Industrial Area
Single Family Home
Fairbanks, AK 99701
0
3
3158 ft2
1953
New
426 HAINES AVE
Pre-Foreclosure (NOD)
Hamilton Acres
Single Family Home
Fairbanks, AK 99701
0
2
1692 ft2
1962
New
1 of 5 1732 COTTONWOOD ST
Auction
Aurora-Lemeta
Single Family Home
Fairbanks, AK 99709
0
2
1260 ft2
1981
New
1018 DOGWOOD ST #205
Auction
Aurora-Lemeta
Townhouse/Condo
Fairbanks, AK 99709
0
1
406 ft2
1984
New
10 ROSELLA AVE
Pre-Foreclosure (NOD)
Aurora-Lemeta
Single Family Home
Fairbanks, AK 99701
0
2
1671 ft2
1948
1221 9TH AVE
Pre-Foreclosure (NOD)
Weeks Field
Single Family Home
Fairbanks, AK 99701
0
2
1650 ft2
1948
2420 BJERREMARK ST
REO Foreclosure
Van Horn Industrial Area
Single Family Home
Fairbanks, AK 99701
0
1
880 ft2
1949
1166 COPPET ST
Pre-Foreclosure (NOD)
Taku-Westgate
Single Family Home
Fairbanks, AK 99709
0
1
1584 ft2
1958
1524 HILTON AVE
REO Foreclosure
Weeks Field
Single Family Home
Fairbanks, AK 99701
0
2
2692 ft2
1961
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Rent to own homes offer low monthly payments and flexible terms.

Top 4 reasons to live in Fairbanks, Alaska

Cheaper than you might think! While property values are higher than the rest of the nation, the median cost of a house in Fairbanks is around 18% below the Alaska average. It is also significantly cheaper than many larger American metropolitan areas. Buying a home here is a solid investment; home values have nearly doubled since 2000 and there are plenty of rent to own homes available on the local market. Popular neighborhoods include Lemeta and Westgate.

Appetizing restaurants! Those long, cold Alaskan winters mean folks around Fairbanks have an appetite for hearty food. Located next to the Chena River in a national historic site that harkens back to the Fairbanks gold mining era, the charming and quirky Pumphouse Restaurant will satisfy the cravings of steak lovers. Those with a sweeter tooth will love indulging in a spot of brunch at the Cookie Jar on Danby Street, a long time favorite spot for locals who can't get enough of the famous Savannah Cream Cake. The Wolf Run Restaurant, set in an old timber house, has received critical acclaim for its gourmet American and Middle Eastern fusion dishes, such as the mezze plates or cedar plank salmon.

Wide range of houses for rent! Those looking for homes for rent in Fairbanks should have little to no problem finding something to their tastes. 61.4% of residents are in rental properties compared to 35.6% in Alaska as a whole and the local vacancy rate stands at a healthy 9.2%. However, prospective renters should realize that high energy costs make single unit rental homes in Fairbanks are among the priciest in the state. It's not all bad news, though, as median rent for all other unit types is around 15% below the Alaska average. The area around South Cushman Street and 23rd Avenue offers more affordable rents for those on a budget.