Rent to own Homes in Elmwood, IL

Elmwood, IL is a great place for affordable rent-to-own homes! With a median household income of over $75,152 and a median rent of $634, the Elmwood, 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 Elmwood, 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 Elmwood, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
213 E HIGH ST
Rent To Own
 
Single Family Home
Princeville, IL 61559
3
2
1272 ft2
1955
Hot
1 of 6 608 E CYPRESS ST
Rent To Own
 
Single Family Home
Elmwood, IL 61529
4
2
2072 ft2
1973
1 of 6 25881 E MIDDLE LAKE RD
Rent To Own
 
Single Family Home
Canton, IL 61520
2
1
1152 ft2
Hot
1 of 115 1308 E JUNIPER ST
Rent To Own
 
Single Family Home
Canton, IL 61520
5
4
2360 ft2
2000
11001 N EVANS MILL RD
Rent To Own
 
Single Family Home
Princeville, IL 61559
3
4
3625 ft2
1940
1 of 33 299 RED OAK CT
Rent To Own
 
Single Family Home
Dahinda, IL 61428
6
3
3356 ft2
2006
1 of 25 4114 S POINTE DR
Rent To Own
 
Single Family Home
Mapleton, IL 61547
4
3
3600 ft2
2000
1 of 20 1103 S APACHE LN
Rent To Own
 
Single Family Home
Peoria, IL 61607
4
3
1976 ft2
1979
Hot
1 of 55 4729 W MEROL CT
Rent To Own
 
Single Family Home
Peoria, IL 61604
3
2
1512 ft2
1958
1 of 21 3806 South Airport Road
Rent To Own
Bartonville
Multifamily (2 - 4 Units)
Bartonville, IL 61607
3
1
1060 ft2
1970
Hot
1 of 30 912 FOX RD
Rent To Own
 
Single Family Home
Knoxville, IL 61448
4
5
4800 ft2
1971
Hot
1 of 26 3010 W GREENBRIER LN
Rent To Own
Northwest Peoria
Single Family Home
Peoria, IL 61614
4
4
2084 ft2
1960
1 of 30 4603 W WHIPP AVE
Rent To Own
Bartonville
Single Family Home
Bartonville, IL 61607
3
2
936 ft2
1937
Hot
1 of 21 709 E NORTH ST
Rent To Own
 
Single Family Home
Knoxville, IL 61448
3
2
1104 ft2
2006
1 of 2 2529 TOWNSHIP ROAD 1600 E
Rent To Own
 
Single Family Home
Wyoming, IL 61491
4
3
2310 ft2
1948
Hot
1 of 14 2907 W STARR ST
Rent To Own
South Peoria
Single Family Home
Peoria, IL 61605
3
2
1260 ft2
1914
1 of 15 11520 North Dunmore Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Dunlap, IL 61525
5
4
3500 ft2
2005
1 of 3 10514 N SCHOPP LN
Rent To Own
 
Single Family Home
Peoria, IL 61615
3
3
1634 ft2
1997
1 of 21 1723 W LAMONT AVE
Rent To Own
Central Peoria
Single Family Home
Peoria, IL 61614
3
1
1186 ft2
1959
Hot
1 of 26 1725 W GENEVA RD
Rent To Own
 
Single Family Home
Peoria, IL 61615
3
3
1650 ft2
2000
1 of 19 6903 N PATRICIA LN
Rent To Own
North Peoria
Single Family Home
Peoria, IL 61614
3
2
1008 ft2
1959
1 of 44 12625 N COLONY RD
Rent To Own
 
Single Family Home
Dunlap, IL 61525
4
3
3595 ft2
1977
Hot
1 of 21 2132 N HAMPTON CT
Rent To Own
West Bluff
Single Family Home
Peoria, IL 61604
3
1
1087 ft2
1942
1 of 36 115 W MERLE LN
Rent To Own
North Florence
Single Family Home
Peoria, IL 61604
4
3
2936 ft2
1954
Hot
512 WALNUT ST
Rent To Own
 
Single Family Home
Altona, IL 61414
3
2
1134 ft2
1970
1 of 9 224 SYLVAN LN
Rent To Own
 
Single Family Home
Creve Coeur, IL 61610
2
1
1075 ft2
1941
1 of 10 401 SW Water Street, Unit 410
Rent To Own
Downtown Peoria
Multifamily (2 - 4 Units)
Peoria, IL 61602
1
1
607 ft2
1910
1011 CHESTNUT ST
Rent To Own
North Of Broadway
Single Family Home
Pekin, IL 61554
3
2
1542 ft2
2003
Hot
1 of 11 2806 N WISCONSIN AVE
Rent To Own
East Bluff
Single Family Home
Peoria, IL 61603
3
1
1624 ft2
1945
1 of 57 1015 SAINT JULIAN ST
Rent To Own
North Of Broadway
Single Family Home
Pekin, IL 61554
3
2
1626 ft2
1955
1 of 8 106 CASTLEMAN CT
Rent To Own
 
Single Family Home
Creve Coeur, IL 61610
3
2
1625 ft2
2008
Hot
1513 NE PERRY AVE
Rent To Own
North Valley
Single Family Home
Peoria, IL 61603
5
2
2255 ft2
1930
403 PROSPECT AVE
Rent To Own
 
Single Family Home
East Peoria, IL 61611
1
1
480 ft2
1939
1 of 50 332 PARK AVE
Rent To Own
 
Single Family Home
East Peoria, IL 61611
3
2
1554 ft2
2010
Hot
1308 NE ROCK ISLAND AVE
Rent To Own
Averyville
Single Family Home
Peoria, IL 61603
2
2
938 ft2
1933
1 of 42 1500 GINGOTEAGUE WAY
Rent To Own
South Of Broadway
Single Family Home
Pekin, IL 61554
3
3
4400 ft2
2000
Hot
1 of 36 121 FLEUR DE LIS DR
Rent To Own
 
Single Family Home
East Peoria, IL 61611
4
4
3966 ft2
1994
Hot
564 N PEARL ST
Rent To Own
 
Single Family Home
Galesburg, IL 61401
2
1
1080 ft2
1928
1 of 30 324 BROOKVIEW RD
Rent To Own
 
Single Family Home
East Peoria, IL 61611
4
2
2100 ft2
1959
Hot
1 of 8 152 S PLEASANT AVE
Rent To Own
 
Single Family Home
Galesburg, IL 61401
3
2
1408 ft2
1954
Hot
1 of 21 1257 W GROVE ST
Rent To Own
 
Single Family Home
Galesburg, IL 61401
2
1
936 ft2
1957
Hot
1 of 26 104 LEE CT
Rent To Own
 
Single Family Home
East Peoria, IL 61611
3
2
1144 ft2
1989
1 of 12 5307 E RICHLAND AVE
Rent To Own
 
Single Family Home
Chillicothe, IL 61523
3
1
1013 ft2
1950
252 SHEFFIELD RD
Rent To Own
 
Single Family Home
Groveland, IL 61535
4
2
1995 ft2
1974
Map
Sponsored Link

More Elmwood, IL Property Resources

Rent to own Homes in Cities Near Elmwood, IL

Browse all Rent to own Homes in Illinois

Neighborhoods in Elmwood, IL

No neighborhoods found

Popular Zip Codes in Elmwood, IL

No zip codes found

Buying a Home in Elmwood, IL

Elmwood, IL is seeing rapid growth and Elmwood, IL's' housing market remains optimal with an average home price that is -45% below the 2024 national average. Elmwood, IL is part of Peoria 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 Peoria is 2% which is above the national average, which is 0.99%.

Median Home Price in Elmwood, IL

Median Rent in Elmwood, IL

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