Rent to own Homes in Elwood, IL

Elwood, IL is a great place for affordable rent-to-own homes! With a median household income of over $81,250 and a median rent of $875, the Elwood, 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 Elwood, 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 Elwood, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
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
12A Kingery Quarter Rd #104
Rent To Own
 
Single Family Home
Willowbrook, IL 60527
1
1
800 ft2
1981
Hot
636 PEARCES FRD
Rent To Own
 
Single Family Home
Oswego, IL 60543
5
4
2800 ft2
1988
84 PUEBLO RD
Rent To Own
Boulder Hill
Single Family Home
Montgomery, IL 60538
3
1
988 ft2
1960
7343 Country Creek Way UNIT 4
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
2
2
972 ft2
1975
1 of 22 2S110 COLONIAL LN
Rent To Own
 
Single Family Home
Lombard, IL 60148
4
2
1944 ft2
1965
956 W 115TH PL
Rent To Own
Morgan Park
Townhouse/Condo
Chicago, IL 60643
3
2
731 ft2
1966
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
Hot
9519 S FOREST AVE
Rent To Own
Roseland
Single Family Home
Chicago, IL 60628
3
2
1100 ft2
1960
7115 S SAINT LAWRENCE AVE
Rent To Own
Park Manor
Townhouse/Condo
Chicago, IL 60619
6
4
2773 ft2
1890
5856 S PRAIRIE AVE #3
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1250 ft2
2004
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 ft2
1905
5739 S CALUMET AVE #3N
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1400 ft2
1901
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
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
1355 N SANDBURG TER #407D
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
1
1
0 ft2
1964
505 N LAKE SHORE DR #6601
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
3
4
2975 ft2
1970
1 of 2 7620 S CALUMET AVE
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
4
4
1386 ft2
1921
Hot
1 of 10 1124 LEAWOOD CT
Rent To Own
Cambridge
Single Family Home
Joliet, IL 60431
4
3
1960 ft2
1989
1 of 26 22545 S RIVER RD
Rent To Own
 
Single Family Home
Shorewood, IL 60404
3
2
1438 ft2
1970
Hot
1 of 4 207 DAVIS ST
Rent To Own
 
Single Family Home
Joliet, IL 60436
2
1
915 ft2
1900
1 of 21 417 S MIDLAND AVE
Rent To Own
 
Single Family Home
Joliet, IL 60436
3
4
1990 ft2
1920
1 of 8 2217 SAINT FRANCIS AVE
Rent To Own
Maycrest
Single Family Home
Joliet, IL 60436
3
2
1484 ft2
1958
1 of 12 26006 W MARLIN DR
Rent To Own
 
Townhouse/Condo
Wilmington, IL 60481
3
1
1200 ft2
1978
1 of 47 1203 HUNTER DR
Rent To Own
 
Single Family Home
Shorewood, IL 60404
4
3
2772 ft2
1996
1448 PLANTAIN DR
Rent To Own
 
Single Family Home
Minooka, IL 60447
3
3
1700 ft2
2004
1 of 18 1411 FAIRVIEW AVE
Rent To Own
Fairview
Single Family Home
Joliet, IL 60432
4
1
1768 ft2
1964
1 of 12 19833 S COUNTY LINE RD
Rent To Own
 
Single Family Home
Joliet, IL 60431
4
2
2660 ft2
1994
Hot
1 of 8 3242 LIGHTNING CT
Rent To Own
New Lenox
Single Family Home
New Lenox, IL 60451
3
3
1800 ft2
2003
1 of 37 2701 GREAT MEADOW DR
Rent To Own
 
Single Family Home
Joliet, IL 60432
5
4
4000 ft2
2006
1 of 36 34 WARREN AVE
Rent To Own
New Lenox
Single Family Home
New Lenox, IL 60451
4
3
2700 ft2
1986
1 of 25 3109 WOODSIDE DR
Rent To Own
 
Single Family Home
Joliet, IL 60431
3
2
1350 ft2
2001
24228 S BAY TO BAY CT
Rent To Own
 
Single Family Home
Manhattan, IL 60442
4
3
3400 ft2
2019
Hot
1 of 23 23918 S ANN LN
Rent To Own
 
Single Family Home
Manhattan, IL 60442
2
2
1700 ft2
2019
7007 MONMOUTH DR
Rent To Own
 
Single Family Home
Joliet, IL 60431
3
2
1944 ft2
2003
1 of 43 24220 S LAKE SHORE DR
Rent To Own
 
Single Family Home
Manhattan, IL 60442
3
3
-3254 ft2
2013
304 E WOODLAWN RD
Rent To Own
New Lenox
Single Family Home
New Lenox, IL 60451
4
2
1200 ft2
1987
17630 S ALTA DR
Rent To Own
 
Townhouse/Condo
Lockport, IL 60441
2
3
1393 ft2
2004
1 of 10 23255 W GRINTON DR
Rent To Own
 
Single Family Home
Plainfield, IL 60586
4
2
2286 ft2
1972
Hot
1 of 5 16936 GENEVA AVE
Rent To Own
Lockport
Single Family Home
Lockport, IL 60441
2
2
1500 ft2
2015
436 E JOLIET HWY
Rent To Own
New Lenox
Single Family Home
New Lenox, IL 60451
3
2
1500 ft2
Hot
2003 HAVENHILL DR
Rent To Own
 
Single Family Home
Plainfield, IL 60586
4
3
2333 ft2
1998
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Buying a Home in Elwood, IL

Elwood, IL is seeing rapid growth and Elwood, IL's' housing market remains optimal with an average home price that is -21% below the 2024 national average. Elwood, IL is part of Will 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 Will is 2.05% which is above the national average, which is 0.99%.

Median Home Price in Elwood, IL

Median Rent in Elwood, IL

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