Rent to own Homes in Erie, IL

Erie, IL is a great place for affordable rent-to-own homes! With a median household income of over $85,750 and a median rent of $636, the Erie, 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 Erie, 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 Erie, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
Hot
255 44TH ST
Rent To Own
East End
Single Family Home
Moline, IL 61265
2
1
884 ft2
1915
2521 AVALON DR
Rent To Own
 
Single Family Home
Bettendorf, IA 52722
3
3
1980 ft2
1966
2317 31ST ST
Rent To Own
Villa Park
Single Family Home
Moline, IL 61265
2
1
1207 ft2
1953
Hot
29922 108TH AVE N
Rent To Own
 
Single Family Home
Hillsdale, IL 61257
3
3
2595 ft2
1983
1 of 30 14721 FENTON RD
Rent To Own
 
Single Family Home
Morrison, IL 61270
3
1
1350 ft2
1962
602 9TH AVE S
Rent To Own
 
Single Family Home
Clinton, IA 52732
3
2
1664 ft2
1968
Hot
419 19TH AVE
Rent To Own
 
Single Family Home
Fulton, IL 61252
3
2
2000 ft2
1908
1 of 13 1625 8TH ST
Rent To Own
 
Single Family Home
Fulton, IL 61252
4
2
1840 ft2
1 of 9 729 S 9TH ST
Rent To Own
 
Single Family Home
Clinton, IA 52732
3
2
1538 ft2
1900
1 of 2 227 N 5th Ave
Rent To Own
 
Multifamily (2 - 4 Units)
Clinton, IA 52732
3
2
1320 ft2
1900
Hot
1 of 18 24718 1ST AVE N
Rent To Own
 
Single Family Home
Hillsdale, IL 61257
3
2
1188 ft2
1967
2032 2nd Ave
Rent To Own
 
Single Family Home
Rapids City, IL 61278
3
1
0 ft2
Hot
1 of 26 2315 DEER RIDGE CIR
Rent To Own
 
Single Family Home
Le Claire, IA 52753
4
3
2243 ft2
2012
2857 State Route 84
Rent To Own
 
Single Family Home
Thomson, IL 61285
5
2
2404 ft2
1 of 12 825 CYPRESS DR
Rent To Own
 
Single Family Home
Colona, IL 61241
3
3
1562 ft2
2003
916 CYPRESS DR
Rent To Own
 
Single Family Home
Colona, IL 61241
3
3
2542 ft2
2002
1 of 13 3404 RIVERVIEW RD
Rent To Own
 
Single Family Home
Thomson, IL 61285
3
2
1400 ft2
2007
1 of 19 0684 Ridge Rd
Rent To Own
 
Multifamily (2 - 4 Units)
Tampico, IL 61283
4
2
2576 ft2
1916
1 of 19 503 W 11TH ST
Rent To Own
 
Single Family Home
Rock Falls, IL 61071
3
3
2200 ft2
1987
205 E 7TH ST
Rent To Own
 
Single Family Home
Rock Falls, IL 61071
2
1
820 ft2
1 of 10 4105 E 60TH ST
Rent To Own
 
Townhouse/Condo
Davenport, IA 52807
3
3
1488 ft2
1984
1 of 24 6616 LORTON CT
Rent To Own
 
Single Family Home
Davenport, IA 52807
4
4
2767 ft2
2004
1537 41ST ST
Rent To Own
 
Single Family Home
Rock Island, IL 61201
2
1
781 ft2
1918
Hot
1 of 17 428 W LOCUST ST
Rent To Own
 
Single Family Home
Lanark, IL 61046
4
2
1328 ft2
1940
Hot
1 of 14 537 LAKE DR
Rent To Own
 
Single Family Home
Woodhull, IL 61490
3
3
1512 ft2
1978
1 of 12 106 S Scandia St
Rent To Own
 
Multifamily (2 - 4 Units)
Alpha, IL 61413
3
2
1498 ft2
1907
1 of 48 12636 1200 East Street
Rent To Own
 
Multifamily (2 - 4 Units)
Buda, IL 61314
6
4
4500 ft2
2003
721 13TH ST
Auction
 
Single Family Home
Erie, IL 61250
4
1
1618 ft2
1 of 16 406 DOCIA ST
Auction
 
Single Family Home
Hillsdale, IL 61257
2
1
840 ft2
1940
1 of 30 103 N PARK AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Geneseo, IL 61254
3
1
1162 ft2
1969
219 18TH PL
REO Foreclosure
 
Single Family Home
Clinton, IA 52732
3
1
1390 ft2
1900
226 18TH PL
Auction
 
Single Family Home
Clinton, IA 52732
3
3
2243 ft2
1893
New
715 2ND ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Camanche, IA 52730
3
1
1216 ft2
1947
618 12TH AVE S
Auction
 
Single Family Home
Clinton, IA 52732
4
2
1948 ft2
1900
New
248 21ST PL
Auction
 
Single Family Home
Clinton, IA 52732
1
1
893 ft2
1894
New
726 13TH AVE S
Auction
 
Townhouse/Condo
Clinton, IA 52732
5
3
1877 ft2
1900
New
745 13TH AVE S
Pre-Foreclosure (Lis Pendens)
 
Townhouse/Condo
Clinton, IA 52732
4
4
2160 ft2
1889
New
736 13TH AVE S
Auction
 
Townhouse/Condo
Clinton, IA 52732
4
1
1128 ft2
1900
New
1419 PROSPECT AVE
Auction
 
Single Family Home
Clinton, IA 52732
4
3
1280 ft2
1950
815 14TH AVE S
Auction
 
Single Family Home
Clinton, IA 52732
3
2
1166 ft2
1900
622 10TH AVE S
REO Foreclosure
 
Single Family Home
Clinton, IA 52732
5
2
2382 ft2
1900
831 13TH AVE S
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Clinton, IA 52732
2
2
1390 ft2
1945
746 11TH AVE S
Auction
 
Single Family Home
Clinton, IA 52732
5
4
1790 ft2
1879
2377 BARKER ST
Auction
 
Single Family Home
Clinton, IA 52732
2
1
924 ft2
1940
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Buying a Home in Erie, IL

Erie, IL is seeing rapid growth and Erie, IL's' housing market remains optimal with an average home price that is -39% below the 2024 national average. Erie, IL is part of Whiteside 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 Whiteside is 2.03% which is above the national average, which is 0.99%.

Median Home Price in Erie, IL

Median Rent in Erie, IL

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