Rent to own Homes in Des Plaines, IL
Home prices are rising! Sale prices are up over 30% in Des Plaines, so find a rent to own option before they go even higher! Homes along Lee Street and Hamilton Road make a great choice for an investment.
Des Plaines, IL is a great place for affordable rent-to-own homes! With a median household income of over $73,639 and a median rent of $1,167, the Des Plaines, 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 Des Plaines, 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.
More Des Plaines, IL Property Resources
Rent to own Homes in Cities Near Des Plaines, IL
- Bannockburn
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Carpentersville
- Downers Grove
- East Dundee
- Elmhurst
- Forest Park
- Gages Lake
- Glendale Heights
- Glen Ellyn
- Glenview
- Golf
- Grayslake
- Green Oaks
- Hainesville
- Hanover Park
- Hawthorn Woods
- Highland Park
- Highwood
- Hodgkins
- Indian Creek
- Knollwood
- La Grange Park
- Lake Barrington
- Lakemoor
- Lake Villa
- Lincolnshire
- Lombard
- Long Lake
- Maywood
- Melrose Park
- Mundelein
- Naperville
- Oak Brook
- Old Mill Creek
- Palatine
- Park City
- Port Barrington
- Rosemont
- Round Lake
- Schaumburg
- Schiller Park
- Volo
- Wauconda
- Westchester
- Willow Springs
Neighborhoods in Des Plaines, IL
Downtown Des Plaines rent to own homes Des Plains rent to own homesPopular Zip Codes in Des Plaines, IL
60018 rent to own homes 60017 rent to own homes 60016 rent to own homesBuying a Home in Des Plaines, IL
Des Plaines, IL is seeing rapid growth and Des Plaines, IL's' housing market remains not optimal with an average home price that is 23% above the 2024 national average. Des Plaines, 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 Des Plaines, IL
Median Rent in Des Plaines, IL
Top 14 Reasons to Live in Des Plaines, IL
Catch a show! The Des Plaines Theater puts on an entire season of live performances to delight audiences. For those that prefer entertainment on the screen, the Rosemont Muvico offers a state-of-the-art cinema experience.
Live in the City of Destiny! Given its official nickname, it is no surprise that Des Plaines has plenty of entertainment offerings for its residents. The Rivers Casino offers nonstop gaming and excitement, while the Rosemont Theatre puts on Broadway productions.
Plenty of Real Estate Listings! Des Plaines homes spend less and less time on the market, with the median time dropping 41%. View properties along Elmhurst Road or E. Oakton Street to find rental, purchase or rent to own homes.
Down home cooking! Go gaga over some of the most creative breakfast platters around at Katie's Kitchen. For lunch, there are some great hot dogs and burgers at the Paradise Pup.
Visit pieces of iconic American history! No food chain is as iconically American as McDonald's and Des Plaines is home to the McDonald's Museum, a recreation of the very first restaurant of the now international chain. Another place of interest is the Methodist Camp Ground, listed on the National Register for Historic Places, which still operates today, throwing concerts and other events.
It's a Buyer's Market! As prices rise, fewer homes sell, making it an ideal time to be a bit choosy about your next home. Home sales are down almost 20%, creating a buyer's market. Choose your next home in one of the most desirable neighborhoods in Des Plaines, along Evergreen Avenue or W. Kathleen Drive.
Fun in the great outdoors! Residents enjoy water sports at Lake Opeka, from swimming to fishing. Along most of the eastern border of the city, there is the Des Plaines Forest Preserve for hiking and bird watching opportunities.
Buy into one of the best housing markets in Illinois! Median housing prices in Des Plaines are well above the state number at $235,843. Be sure to look at some of the rent to own houses along South Mt. Prospect Road or Clancy Drive.
Train Spotter's paradise! In Des Plaines, two Union Pacific Railways and one Canadian National Railway meet at the Deval Crossing. This forms a unique triangular pattern. The interlocking tower shows the performance of these tremendous machines. Stay on theme by having dinner at the Choo Choo restaurant!
Sumptuous steak dinners! Upscale dining is no secret in Des Plaines, with several top steak houses available for special occasions. Check out the Rosewood Restaurant or Gibson's Bar and Steakhouse.
Rising rents make it a great time to buy! Median rental prices are at almost $1,000 per month, making it an ideal time to look at rental options or purchases. Take some time to stop by some open houses along Big Bend Lake or North Wolf Road.
Recreation! The Maryville Academy hosts the Chicagoland Sports Hall of Fame. This museum pays homage to famous sports figures from Chicago and its suburbs. After your visit, stop by Illusion Cafe for a drink.
Sports and other events! Des Plaines locals have easy access to some of the best event venues in the world. The United Center is home to the Chicago Bulls and Blackhawks. The Ravinia Festival hosts some of the best and brightest musical talents of today.