Rent to own Homes in Hilo, HI

Great home prices! Now is a great time to buy in Hilo. Home prices have fallen and you can find some great bargains! Try looking at homes on the Kohala Coast or near the Hilo International Airport for easy access to and from the island!

Hilo, HI is a great place for affordable rent-to-own homes! With a median household income of over $65,727 and a median rent of $1,098, the Hilo, HI 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 Hilo, HI. 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 Hilo, HI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 151
1 of 11 26-2643 34th avenue
Rent To Own
 
Multifamily (2 - 4 Units)
Keaau, HI 96749
3
2
1512 ft2
2008
1 of 12 16-2057 Stardust Drive, Ainaloa
Rent To Own
 
Multifamily (2 - 4 Units)
Pahoa, HI 96778
2
2
864 ft2
2020
12-7800 KALAPANA KAPOHO BEACH RD
Rent To Own
 
Single Family Home
Pahoa, HI 96778
3
2
1499 ft2
1987
1 of 14 Aina Kope Rd
Rent To Own
 
Multifamily (2 - 4 Units)
Paauilo, HI 96776
4
2
2720 ft2
2016
1 of 27 1945 KEO ST
Auction
 
Single Family Home
Hilo, HI 96720
3
2
1824 ft2
2003
New
1 of 51 2867 PULIMA DR
Auction
 
Single Family Home
Hilo, HI 96720
3
2
1010 ft2
1985
New
15 RAILROAD AVE # 1584
REO Foreclosure
 
Single Family Home
Hilo, HI 96720
3
2
2164 ft2
2007
New
598 W KAWAILANI ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
6
3
1896 ft2
1952
New
33 KAAPUNI LOOP
Auction
 
Single Family Home
Hilo, HI 96720
3
2
1276 ft2
1976
New
27 AKAMAI LOOP
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
3
2
1072 ft2
1979
New
1263 PUHAU ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
3
3
1224 ft2
1992
2481 KINOOLE ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
3
3
1216 ft2
1991
2479 KINOOLE ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
1
2
908 ft2
2008
481 HEAHEA ST
Auction
 
Single Family Home
Hilo, HI 96720
2
2
1554 ft2
1978
1073 W KAWAILANI ST APT E
REO Foreclosure
 
Single Family Home
Hilo, HI 96720
3
2
1032 ft2
1985
233 KULEANA LOOP
REO Foreclosure
 
Single Family Home
Hilo, HI 96720
3
3
2268 ft2
1985
528 KAANINI ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
3
3
2656 ft2
1991
1957 KINOOLE ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
2
1
960 ft2
1941
1 of 11 48 LEIMAMO ST
REO Foreclosure
 
Single Family Home
Hilo, HI 96720
3
1
1156 ft2
1951
2131 KAUMANA DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
3
1
1248 ft2
1944
537 KUKUAU ST #A303
Pre-Foreclosure (Lis Pendens)
 
Townhouse/Condo
Hilo, HI 96720
3
3
1408 ft2
1973
1270 MAKANI ST #A
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
3
2
1756 ft2
1985
861 HOALAUNA WAY
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
4
3
1888 ft2
1974
485 WAIANUENUE AVE #146
Pre-Foreclosure (Lis Pendens)
 
Townhouse/Condo
Hilo, HI 96720
2
1
695 ft2
1963
KAPIOLANI VILLA # 105
Pre-Foreclosure (Lis Pendens)
 
Townhouse/Condo
Hilo, HI 96720
2
1
640 ft2
1972
1 of 64 856 HOOLALA PL
REO Foreclosure
 
Single Family Home
Hilo, HI 96720
3
2
1384 ft2
1988
121 PEEPEE WAY
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
3
2
1152 ft2
1991
73 PUNAHELE ST
REO Foreclosure
 
Single Family Home
Hilo, HI 96720
3
2
1024 ft2
1971
21 AKEKEKE ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
3
1
936 ft2
1951
16 POHAKU ST #1353
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
2
2
1864 ft2
1988
2379 KILAUEA AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
3
1
1408 ft2
1965
195 KAPUALANI ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hilo, HI 96720
5
4
2726 ft2
1994
654 KUKUAU ST
REO Foreclosure
 
Single Family Home
Hilo, HI 96720
5
3
2590 ft2
1978
15-1990 28TH AVE
REO Foreclosure
 
Single Family Home
Keaau, HI 96749
3
3
1332 ft2
2019
15-1781 31ST AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Keaau, HI 96749
3
3
2530 ft2
1981
15-1696 25TH AVE
REO Foreclosure
 
Single Family Home
Keaau, HI 96749
3
3
1056 ft2
1993
15-1524 12TH AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Keaau, HI 96749
3
3
1920 ft2
2016
2107 KAIWIKI RD
Auction
 
Single Family Home
Hilo, HI 96720
7
4
5638 ft2
2008
15 RAILROAD AVE # 1584
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Keaau, HI 96749
3
2
2164 ft2
2007
16-1050 40TH AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Kurtistown, HI 96760
4
2
2112 ft2
1992
27-1953 HAWAII BELT RD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Papaikou, HI 96781
4
3
2688 ft2
1952
15-1491 BEACH RD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Keaau, HI 96749
2
1
1008 ft2
1992
15-1429 24TH AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Keaau, HI 96749
3
2
1257 ft2
2004
15-1536 21ST AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Keaau, HI 96749
3
2
1186 ft2
2016
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Buying a Home in Hilo, HI

Hilo, HI is seeing rapid growth and Hilo, HI's' housing market remains not optimal with an average home price that is 57% above the 2024 national average. Hilo, HI is part of Hawaii 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 Hawaii is 0.19% which is below the national average, which is 0.99%.

Median Home Price in Hilo, HI

Median Rent in Hilo, HI

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

Top 9 Reasons to Live in Hilo, HI

Plenty of available housing! The vacancy rate on Hilo is 8.3%, which means there are plenty of available rent to own houses! Look for rent to own homes or apartments in Downtown Hilo where you'll be close to the Imiloa Astronomy Center.

Good mix of sales and rentals! Whether you're planning to purchase, rent to own or just rent for a little while, you'll have a good selection of both! The northeaster coast near Waianuenue and Wailuku River State Park is a good place to look for homes for sale!

Sunshine and Rainbows! The weather in Hawaii couldn't be more perfect. It's pretty much sunny and 70 degrees every day and even when it does rain or mist occasionally, you have rainbows to look forward to!

Mauna Loa Macademia Nut Factory! The Hawaiian Islands are famous for their macademia nuts. Stop by the factory and sample some for yourself. You can also find Hilo Hatties nearby.

Beautiful Parks. As if the island's natural beauty weren't enough, you can find beautiful parks like Liliuokalani Gardens and Wailoa River State Park. The latter is also home to the statue of King Kamehameha.

Kailua Village! The historic village is on the southern part of the island and is also a great place to stay if you're planning a trip to Hawaii Volcanoes National Park.

Hilo Farmers Market! This is one of the best open markets in Hawaii and you can sample some of the local produce, like papaya, pineapple and guava here and take some home for dinner! After visiting here, you can head to the Hilo Coffee Mill on the East side!

Great hotels for when your friends come to visit! When you live in Hawaii, you can expect to have lots of visitors. Who wouldn't want to spend a little time in this paradise?! Castle Hilo Hawaiian Hotel and the Naniloa Volcanoes Resort are wonderful places for your friends to crash when they come visit!