Rent to own Homes in Spencer, IA

Spencer, IA is a great place for affordable rent-to-own homes! With a median household income of over $45,224 and a median rent of $693, the Spencer, IA 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 Spencer, IA. 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 Spencer, IA rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 110
807 FROST AVE
Rent to Own Eligible
 
Single Family Home
Jackson, MN 56143
2
2
2486 ft2
1950
1538 DOUGLAS AVE
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
4
3
2768 ft2
1959
New
309 12TH ST
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
3
1
2060 ft2
1912
727 9TH AVE
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
6
2
1042 ft2
1993
1 of 27 1595 BURLINGTON AVE
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
2
1
1896 ft2
1968
1731 S SHORE DR
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
3
2
1516 ft2
1955
1 of 172 1977 S SHORE DR
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
4
3
2774 ft2
1975
925 LIBERTY DR
Rent to Own Eligible
 
Townhouse/Condo
Worthington, MN 56187
2
1
1040 ft2
1988
New
1 of 37 310 CLARY ST W
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
4
2
2850 ft2
1950
835 STERLING AVE
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
4
2
1440 ft2
1996
New
1333 MILES DR
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
3
1
1232 ft2
1982
118 WEAVER ST
Rent to Own Eligible
 
Single Family Home
Welcome, MN 56181
3
1
1614 ft2
1960
1 of 57 308 3RD ST
Rent to Own Eligible
 
Single Family Home
Welcome, MN 56181
4
2
2370 ft2
1915
Hot
1 of 3 816 6TH AVE W
Rent To Own
 
Single Family Home
Spencer, IA 51301
4
2
675 ft2
1947
214 W 3RD ST
Rent To Own
 
Single Family Home
Spencer, IA 51301
3
2
1680 ft2
1900
Hot
1 of 33 129 S MORRISON AVE
Rent To Own
 
Single Family Home
Jackson, MN 56143
4
2
2460 ft2
1965
New
1 of 14 1604 3RD AVE E
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spencer, IA 51301
3
2
1368 ft2
1952
921 E 9TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spencer, IA 51301
3
2
960 ft2
1910
202 E 4TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spencer, IA 51301
3
2
2114 ft2
1886
1 of 22 317 E 10TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spencer, IA 51301
4
2
1852 ft2
1918
19 GRANDVIEW BLVD
REO Foreclosure
 
Single Family Home
Spencer, IA 51301
4
1
960 ft2
1976
New
1 of 24 6 GRANDVIEW BLVD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spencer, IA 51301
3
2
960 ft2
1976
517 W 5TH ST
REO Foreclosure
 
Single Family Home
Spencer, IA 51301
3
1
1090 ft2
1948
Hot
1225 1ST AVE W
REO Foreclosure
 
Single Family Home
Spencer, IA 51301
4
1
2015 ft2
1952
509 E PARK ST
Auction
 
Single Family Home
Spencer, IA 51301
3
2
1934 ft2
1890
1515 3RD AVE E
Auction
 
Single Family Home
Spencer, IA 51301
3
1
1120 ft2
1950
New
316 E 13TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spencer, IA 51301
2
2
832 ft2
1948
1 of 9 1600 4TH AVE SW
Auction
 
Single Family Home
Spencer, IA 51301
4
3
2068 ft2
1976
3515 190TH AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spencer, IA 51301
4
1
1662 ft2
1920
1 of 5 115 3RD AVE NW
Auction
 
Single Family Home
Fostoria, IA 51340
3
2
1261 ft2
1929
312 E 3RD ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Everly, IA 51338
2
1
1428 ft2
1954
304 E 3RD ST
Auction
 
Single Family Home
Everly, IA 51338
5
2
1744 ft2
1900
1005 K AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Milford, IA 51351
3
2
1184 ft2
1976
New
35 HINSHAW ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Arnolds Park, IA 51331
4
3
2429 ft2
1950
1 of 10 612 BLAIR ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Sioux Rapids, IA 50585
2
2
1280 ft2
1915
3 27TH ST #101
Pre-Foreclosure (Lis Pendens)
 
Townhouse/Condo
Spirit Lake, IA 51360
4
2
1384 ft2
1979
409 CHURCH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Linn Grove, IA 51033
2
1
1432 ft2
1880
New
2106 DENVER AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spirit Lake, IA 51360
3
3
1876 ft2
2014
New
406 20TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spirit Lake, IA 51360
4
2
1272 ft2
1920
New
1703 ERIE AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spirit Lake, IA 51360
4
3
2504 ft2
1907
102 COLLEGE ST
REO Foreclosure
 
Single Family Home
Peterson, IA 51047
3
2
1508 ft2
1900
New
902 HILL AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spirit Lake, IA 51360
3
1
1368 ft2
1923
New
310 1ST ST SE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hartley, IA 51346
3
4
1670 ft2
1922
New
210 1ST ST NE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Hartley, IA 51346
3
5
2194 ft2
1955
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51301 rent to own homes

Buying a Home in Spencer, IA

Spencer, IA is seeing rapid growth and Spencer, IA's' housing market remains optimal with an average home price that is -37% below the 2024 national average. Spencer, IA is part of Clay 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 Clay is 1.24% which is above the national average, which is 0.99%.

Median Home Price in Spencer, IA

Median Rent in Spencer, IA

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