Rent to own Homes in Elmwood Park, IL

Need a place to live that is close to Chicago, but away from city life? Then Elmwood Park, Illinois is worth checking out. The village of Elmwood Park sits on the northwest side of the city and takes up less than two miles of space. The village incorporated in 1914 and has served as a haven for those who want to be close to the action of Chicago, but still maintain a sense of community. With a population of just under 25,000 people, Elmwood Park is a mix of small-town life and big-city possibilities.

Elmwood Park, IL is a great place for affordable rent-to-own homes! With a median household income of over $63,312 and a median rent of $1,191, the Elmwood Park, 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 Park, 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 Park, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
6704 W FOREST PRESERVE DR
Rent To Own
Harwood Heights
Single Family Home
Harwood Heights, IL 60706
3
3
1326 ft2
1998
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
5537 N CANFIELD AVE
Rent To Own
Norwood Park
Single Family Home
Chicago, IL 60656
2
2
1284 ft2
1946
5913 MONROE ST
Rent To Own
Morton Grove
Single Family Home
Morton Grove, IL 60053
3
2
1830 ft2
1960
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 ft2
1905
1 of 14 8809 West Golf Road
Rent To Own
 
Multifamily (2 - 4 Units)
Niles, IL 60714
2
2
1600 ft2
1976
1748 W Rascher Ave
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60640
2
1
0 ft2
1913
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
4636 N Racine Ave APT 2, Chicago, IL 60640
Rent To Own
Uptown
Single Family Home
Chicago, IL 60640
2
1
1200 ft2
1906
812 N RIVER RD #2A
Rent To Own
 
Townhouse/Condo
Mount Prospect, IL 60056
2
1
1000 ft2
1983
1 of 5 1517 W Jonquil Ter
Rent To Own
 
Multifamily (2 - 4 Units)
Chicago, IL 60626
2
1
1100 ft2
2000
6334 N SHERIDAN RD #3C
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60660
1
1
800 ft2
1928
2745 N HAMPDEN CT #2E
Rent To Own
Lincoln Park
Townhouse/Condo
Chicago, IL 60614
3
1
1100 ft2
1916
1355 N SANDBURG TER #407D
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
1
1
0 ft2
1964
240 E ILLINOIS ST #1708
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
2
2
1293 ft2
2005
222 N COLUMBUS DR #3203
Rent To Own
The Loop
Townhouse/Condo
Chicago, IL 60601
2
2
1225 ft2
2001
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
505 N LAKE SHORE DR #6601
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
3
4
2975 ft2
1970
1 of 22 2S110 COLONIAL LN
Rent To Own
 
Single Family Home
Lombard, IL 60148
4
2
1944 ft2
1965
5856 S PRAIRIE AVE #3
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1250 ft2
2004
5739 S CALUMET AVE #3N
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1400 ft2
1901
12A Kingery Quarter Rd #104
Rent To Own
 
Single Family Home
Willowbrook, IL 60527
1
1
800 ft2
1981
7343 Country Creek Way UNIT 4
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
2
2
972 ft2
1975
7115 S SAINT LAWRENCE AVE
Rent To Own
Park Manor
Townhouse/Condo
Chicago, IL 60619
6
4
2773 ft2
1890
1 of 75 5555 S Everett Ave
Rent To Own
 
Single Family Home
Chicago, IL 60637
4
3
2400 ft2
1924
Hot
9519 S FOREST AVE
Rent To Own
Roseland
Single Family Home
Chicago, IL 60628
3
2
1100 ft2
1960
956 W 115TH PL
Rent To Own
Morgan Park
Townhouse/Condo
Chicago, IL 60643
3
2
731 ft2
1966
1 of 38 8724 S ESSEX AVE
Rent To Own
South Chicago
Single Family Home
Chicago, IL 60617
5
3
1987 ft2
1924
3017 E 78th St APT 2B
Rent To Own
South Shore
Single Family Home
Chicago, IL 60649
1
1
800 ft2
1924
1200 WESTFIELD WAY
Rent To Own
Town And Country
Single Family Home
Mundelein, IL 60060
4
3
3379 ft2
1997
1609 EDINBURGH DR #117-5
Rent To Own
Tri Village
Townhouse/Condo
Bartlett, IL 60103
3
3
1826 ft2
2005
3648 WHITE EAGLE DR
Rent To Own
White Eagle Club
Single Family Home
Naperville, IL 60564
5
3
2896 ft2
1996
2301 SUMMERLIN DR
Rent To Own
 
Single Family Home
Aurora, IL 60503
2
2
0 ft2
1408 KENMORE AVE
Rent To Own
Round Lake Beach Ridgewood
Single Family Home
Round Lake Beach, IL 60073
3
1
968 ft2
1955
Hot
2015 ROLLING RIDGE LN
Rent To Own
Lindenhurst
Single Family Home
Lindenhurst, IL 60046
2
2
1475 ft2
1961
14701 W 93rd Ave
Rent To Own
 
Single Family Home
Dyer, IN 46311
3
3
1822 ft2
Hot
2008 TYLER TRL
Rent To Own
Mchenry
Single Family Home
Mchenry, IL 60051
3
3
1981 ft2
2006
5465 MARYLAND ST
Rent To Own
 
Single Family Home
Merrillville, IN 46410
3
2
1512 ft2
1957
541 W 67TH LN
Rent To Own
 
Single Family Home
Merrillville, IN 46410
4
2
1834 ft2
1961
1 of 2 7620 S CALUMET AVE
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
4
4
1386 ft2
1921
1 of 26 1401 WILLIAM ST
Rent To Own
 
Single Family Home
River Forest, IL 60305
5
4
3920 ft2
1952
3340-44 N Neva Ave
Rent To Own
Schorsch Village
Single Family Home
Harwood Heights, IL 60706
5
5
0 ft2
Hot
3639 N PACIFIC AVE
Rent To Own
 
Townhouse/Condo
Chicago, IL 60634
3
2
1558 ft2
1987
Map
Sponsored Link

More Elmwood Park, IL Property Resources

Rent to own Homes in Cities Near Elmwood Park, IL

Browse all Rent to own Homes in Illinois

Neighborhoods in Elmwood Park, IL

No neighborhoods found

Popular Zip Codes in Elmwood Park, IL

60707 rent to own homes

Buying a Home in Elmwood Park, IL

Elmwood Park, IL is seeing rapid growth and Elmwood Park, IL's' housing market remains not optimal with an average home price that is 23% above the 2024 national average. Elmwood Park, 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 Elmwood Park, IL

Median Rent in Elmwood Park, IL

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

Top 4 Reasons to Live in Elmwood Park, IL

Where's the beef? If you own a home in Elmwood Park, this is a serious question. One of the top restaurants in the village is the famous Johnnie's Beef, home of scrumptious Italian-style sandwiches. Men's Health magazine called a sandwich from Johnnie's the best of the best and the restaurant is a favorite of the Food Network's sandwich king Jeff Mauro. If BBQ is more your thing, how about J&T Smoking Barbeque down on Grand Ave., instead. Spend any time in Elmwood Park and you will be looking for the beef.

Diverse housing in popular residential area. It makes sense that you might look for rent to own houses in this region, especially if you work or go to school in Chicago. There's a wide variety of housing options in this area, with many housing styles and prices to suit any budget. The village boasts many single family houses, but condominiums and apartment complexes have popped over the last decade, improving your chances of finding the right home for your needs. Once settled in, you can enjoy local amenities like access to the Oak Park Hospital and the ultra-modern Elmwood Park Public Library.

Go to the theater! Chicago is known for its vast theater culture, like Broadway in Chicago, but Elmwood Park has something to offer for those who want to enjoy a show near their home. Check out the Elmwood Park Theatre to hear music performed by the Elmwood Park Community Chorus, or relax at the Concert Series offered each season in Central Park.

Find real estate close to the city at small-town prices. Ultimately, this might be one of the best reasons to look for homes for sale or rent in Elmwood Park. Homes are more affordable and have a wider range of options to choose from. Then you can walk or drive to the Elmwood Park station and take the train into the Chicago Unions Station or travel to Elgin to take a class at the National Louis University.