Rent to own Homes in Chicago Ridge, IL

Chicago Ridge is named for the deep ridges left in the ground when huge amounts of dirt were removed by train during construction of the 1893 Chicago World's Fair. The Wabash St. Louis & Pacific railway, and later the Chicago Calumet Terminal railway, played an influential role in Chicago Ridge's history, bringing jobs and settlers to the area. Current residents enjoy the convenience of their own Metra commuter train stop. The train travels from Illinois to Manhattan daily, with stops in Chicago and other Illinois cities.

Chicago Ridge, IL is a great place for affordable rent-to-own homes! With a median household income of over $51,555 and a median rent of $973, the Chicago Ridge, IL 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 Chicago Ridge, IL. 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 Chicago Ridge, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
956 W 115TH PL
Rent To Own
Morgan Park
Townhouse/Condo
Chicago, IL 60643
3
2
731 ft2
1966
Hot
9519 S FOREST AVE
Rent To Own
Roseland
Single Family Home
Chicago, IL 60628
3
2
1100 ft2
1960
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
12A Kingery Quarter Rd #104
Rent To Own
 
Single Family Home
Willowbrook, IL 60527
1
1
800 ft2
1981
5856 S PRAIRIE AVE #3
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1250 ft2
2004
7115 S SAINT LAWRENCE AVE
Rent To Own
Park Manor
Townhouse/Condo
Chicago, IL 60619
6
4
2773 ft2
1890
5739 S CALUMET AVE #3N
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1400 ft2
1901
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 ft2
1905
1 of 75 5555 S Everett Ave
Rent To Own
 
Single Family Home
Chicago, IL 60637
4
3
2400 ft2
1924
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
1 of 38 8724 S ESSEX AVE
Rent To Own
South Chicago
Single Family Home
Chicago, IL 60617
5
3
1987 ft2
1924
7343 Country Creek Way UNIT 4
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
2
2
972 ft2
1975
3017 E 78th St APT 2B
Rent To Own
South Shore
Single Family Home
Chicago, IL 60649
1
1
800 ft2
1924
222 N COLUMBUS DR #3203
Rent To Own
The Loop
Townhouse/Condo
Chicago, IL 60601
2
2
1225 ft2
2001
240 E ILLINOIS ST #1708
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
2
2
1293 ft2
2005
505 N LAKE SHORE DR #6601
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
3
4
2975 ft2
1970
1355 N SANDBURG TER #407D
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
1
1
0 ft2
1964
6704 W FOREST PRESERVE DR
Rent To Own
Harwood Heights
Single Family Home
Harwood Heights, IL 60706
3
3
1326 ft2
1998
2745 N HAMPDEN CT #2E
Rent To Own
Lincoln Park
Townhouse/Condo
Chicago, IL 60614
3
1
1100 ft2
1916
5537 N CANFIELD AVE
Rent To Own
Norwood Park
Single Family Home
Chicago, IL 60656
2
2
1284 ft2
1946
1 of 22 2S110 COLONIAL LN
Rent To Own
 
Single Family Home
Lombard, IL 60148
4
2
1944 ft2
1965
4636 N Racine Ave APT 2, Chicago, IL 60640
Rent To Own
Uptown
Single Family Home
Chicago, IL 60640
2
1
1200 ft2
1906
1748 W Rascher Ave
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60640
2
1
0 ft2
1913
6334 N SHERIDAN RD #3C
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60660
1
1
800 ft2
1928
7350 N RIDGE BLVD #22C
Rent To Own
West Rogers Park
Townhouse/Condo
Chicago, IL 60645
3
2
0 ft2
1930
7403 N HOYNE AVE #1
Rent To Own
Rogers Park
Townhouse/Condo
Chicago, IL 60645
2
2
800 ft2
1930
5913 MONROE ST
Rent To Own
Morton Grove
Single Family Home
Morton Grove, IL 60053
3
2
1830 ft2
1960
1 of 5 1517 W Jonquil Ter
Rent To Own
 
Multifamily (2 - 4 Units)
Chicago, IL 60626
2
1
1100 ft2
2000
1 of 14 8809 West Golf Road
Rent To Own
 
Multifamily (2 - 4 Units)
Niles, IL 60714
2
2
1600 ft2
1976
14701 W 93rd Ave
Rent To Own
 
Single Family Home
Dyer, IN 46311
3
3
1822 ft2
812 N RIVER RD #2A
Rent To Own
 
Townhouse/Condo
Mount Prospect, IL 60056
2
1
1000 ft2
1983
3648 WHITE EAGLE DR
Rent To Own
White Eagle Club
Single Family Home
Naperville, IL 60564
5
3
2896 ft2
1996
541 W 67TH LN
Rent To Own
 
Single Family Home
Merrillville, IN 46410
4
2
1834 ft2
1961
5465 MARYLAND ST
Rent To Own
 
Single Family Home
Merrillville, IN 46410
3
2
1512 ft2
1957
2301 SUMMERLIN DR
Rent To Own
 
Single Family Home
Aurora, IL 60503
2
2
0 ft2
1609 EDINBURGH DR #117-5
Rent To Own
Tri Village
Townhouse/Condo
Bartlett, IL 60103
3
3
1826 ft2
2005
1 of 2 7620 S CALUMET AVE
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
4
4
1386 ft2
1921
1 of 13 10125 LAWRENCE CT
Rent To Own
 
Single Family Home
Oak Lawn, IL 60453
5
3
2150 ft2
1961
7101 W 115TH ST
Rent To Own
Worth
Single Family Home
Worth, IL 60482
3
1
1037 ft2
1952
1 of 11 5100 W 96TH ST #532
Rent To Own
 
Townhouse/Condo
Oak Lawn, IL 60453
2
2
1338 ft2
2006
1 of 14 5718 W 88TH PL
Rent To Own
 
Single Family Home
Oak Lawn, IL 60453
3
2
1972 ft2
1957
Hot
1 of 15 6230 W 87TH ST
Rent To Own
 
Single Family Home
Burbank, IL 60459
2
1
720 ft2
1951
Hot
1 of 16 8545 NOTTINGHAM AVE
Rent To Own
 
Single Family Home
Burbank, IL 60459
3
2
1401 ft2
1989
Hot
8501 AUSTIN AVE
Rent To Own
 
Single Family Home
Burbank, IL 60459
3
1
768 ft2
1951
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60415 rent to own homes

Buying a Home in Chicago Ridge, IL

Chicago Ridge, IL is seeing rapid growth and Chicago Ridge, IL's' housing market remains optimal with an average home price that is -22% below the 2024 national average. Chicago Ridge, IL is part of Cook 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 Cook is 1.38% which is above the national average, which is 0.99%.

Median Home Price in Chicago Ridge, IL

Median Rent in Chicago Ridge, IL

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

Top Five Reasons to Live in Chicago Ridge, IL

Real estate values are on the rise! In the past year, the median sales price for homes in Chicago Ridge increased nearly 10 percent. That's great news for potential home buyers, as it means their investments are likely to increase in value. It also means that now is the ideal time to buy a house while prices are still affordable. One smart way to do this is to search for rent to own homes. Look at newer subdivisions like Ridge Cove and established areas like Village Center.

Plenty of homes available! As of late 2014, there were nearly 60 houses for sale in Chicago Ridge. Take a drive through the residential areas around Stony Creek Golf Course, and you'll see plenty of home for sale signs. Another area with strong housing inventory is the Chicago Ridge Highlands subdivision.

RidgeFest! Each July, folks from all over the Chicago metro area head to Chicago Ridge for RidgeFest, four days of outstanding live music, carnival rides, games, a petting zoo and pony rides. You'll also enjoy shopping, eating and drinking in the beer garden. Freedom Park is ground zero for this summer celebration. When you live in Chicago Ridge, you can party on at the Tilted Kilt or Kinderhook Tap after the festival winds down around 11:30 p.m.

Farmers' Market! The farmer's market offers a variety of foods in addition to fresh fruits and veggies. Grab a bite to eat from Smilin' Clyde's Weenie Wagon, Aracely's Bakery or Diamond Dough Girls. These local vendors are fixtures at most of the markets. Occasionally local radio stations like K-Hits 104.3 will broadcast from the farmers' market, and live cooking demonstrations will be held.

Chicago Ridge Mall! You're never far from outstanding shopping, dining and new-release movies; the mall's got it all! The AMC Chicago Ridge 6 features cozy reclining seats. The mall offers shops and restaurants that appeal to all ages and tastes, from Buffalo Wild Wings and Dairy Queen to Pier 1 Imports, Sears and Earthbound Trading Co.