Rent to own Homes in Morton, IL

Situated in Tazewell County, Illinois, the Village of Morton had a population of 16,267 in the 2010 U.S. census. As a part of the Peoria Metropolitan Statistical Area, Morton is close to the major city of Peoria - which is less than 11 miles away - but still offers small town charm. Covering an area of 12.2 square miles, Morton is also renowned as the Pumpkin Capital of the World.

Morton, IL is a great place for affordable rent-to-own homes! With a median household income of over $78,979 and a median rent of $871, the Morton, 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 Morton, 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 Morton, 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
1 of 33 23 PEBBLEBROOK CT
Rent To Own
Fox Creek Road
Single Family Home
Bloomington, IL 61705
5
4
4709 ft2
1997
1 of 34 226 POCONO AVE
Rent To Own
 
Single Family Home
Morton, IL 61550
5
4
3550 ft2
2016
Hot
1 of 20 309 N OKLAHOMA AVE
Rent To Own
 
Single Family Home
Morton, IL 61550
3
3
1459 ft2
1969
Hot
1 of 28 325 N PENNSYLVANIA AVE
Rent To Own
 
Single Family Home
Morton, IL 61550
5
4
3279 ft2
2015
Hot
1 of 19 360 S GLEN AVE
Rent To Own
 
Single Family Home
Morton, IL 61550
4
3
1907 ft2
1948
Hot
1 of 4 117 CAMELIN DR
Rent To Own
 
Single Family Home
Washington, IL 61571
4
3
5341 ft2
2022
1 of 14 196 TUSCANY CT
Rent To Own
 
Single Family Home
Morton, IL 61550
3
3
1902 ft2
2014
Hot
1 of 26 104 LEE CT
Rent To Own
 
Single Family Home
East Peoria, IL 61611
3
2
1144 ft2
1989
252 SHEFFIELD RD
Rent To Own
 
Single Family Home
Groveland, IL 61535
4
2
1995 ft2
1974
1 of 23 410 LOTUS LN
Rent To Own
 
Single Family Home
Washington, IL 61571
3
1
1009 ft2
1959
1 of 30 324 BROOKVIEW RD
Rent To Own
 
Single Family Home
East Peoria, IL 61611
4
2
2100 ft2
1959
Hot
1 of 36 121 FLEUR DE LIS DR
Rent To Own
 
Single Family Home
East Peoria, IL 61611
4
4
3966 ft2
1994
1 of 31 105 WHISTLING STRAIT
Rent To Own
 
Single Family Home
Washington, IL 61571
4
3
3646 ft2
2011
1930-1932 Mayflower Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Pekin, IL 61554
3
2
1520 ft2
2020
1 of 50 332 PARK AVE
Rent To Own
 
Single Family Home
East Peoria, IL 61611
3
2
1554 ft2
2010
403 PROSPECT AVE
Rent To Own
 
Single Family Home
East Peoria, IL 61611
1
1
480 ft2
1939
Hot
1308 NE ROCK ISLAND AVE
Rent To Own
Averyville
Single Family Home
Peoria, IL 61603
2
2
938 ft2
1933
Hot
1513 NE PERRY AVE
Rent To Own
North Valley
Single Family Home
Peoria, IL 61603
5
2
2255 ft2
1930
1 of 8 106 CASTLEMAN CT
Rent To Own
 
Single Family Home
Creve Coeur, IL 61610
3
2
1625 ft2
2008
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
1 of 14 #2 Woodhaven Court
Rent To Own
 
Multifamily (2 - 4 Units)
Metamora, IL 61548
3
2
1500 ft2
1981
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 9 224 SYLVAN LN
Rent To Own
 
Single Family Home
Creve Coeur, IL 61610
2
1
1075 ft2
1941
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
1 of 30 503 SOMERSET DR
Rent To Own
 
Single Family Home
Germantown Hills, IL 61548
6
3
3209 ft2
2012
1 of 42 1500 GINGOTEAGUE WAY
Rent To Own
South Of Broadway
Single Family Home
Pekin, IL 61554
3
3
4400 ft2
2000
1 of 8 710 HICKORY CREEK CT
Rent To Own
 
Single Family Home
Metamora, IL 61548
3
3
2300 ft2
1992
1 of 57 1015 SAINT JULIAN ST
Rent To Own
North Of Broadway
Single Family Home
Pekin, IL 61554
3
2
1626 ft2
1955
1011 CHESTNUT ST
Rent To Own
North Of Broadway
Single Family Home
Pekin, IL 61554
3
2
1542 ft2
2003
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 21 1723 W LAMONT AVE
Rent To Own
Central Peoria
Single Family Home
Peoria, IL 61614
3
1
1186 ft2
1959
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 30 4603 W WHIPP AVE
Rent To Own
Bartonville
Single Family Home
Bartonville, IL 61607
3
2
936 ft2
1937
132 Hollyhock Lane
Rent To Own
 
Multifamily (2 - 4 Units)
Metamora, IL 61548
4
1
1660 ft2
1980
Hot
1 of 55 4729 W MEROL CT
Rent To Own
 
Single Family Home
Peoria, IL 61604
3
2
1512 ft2
1958
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 21 3806 South Airport Road
Rent To Own
Bartonville
Multifamily (2 - 4 Units)
Bartonville, IL 61607
3
1
1060 ft2
1970
1 of 20 1103 S APACHE LN
Rent To Own
 
Single Family Home
Peoria, IL 61607
4
3
1976 ft2
1979
1 of 3 10514 N SCHOPP LN
Rent To Own
 
Single Family Home
Peoria, IL 61615
3
3
1634 ft2
1997
Hot
1 of 26 1725 W GENEVA RD
Rent To Own
 
Single Family Home
Peoria, IL 61615
3
3
1650 ft2
2000
1 of 11 608 W 5TH ST
Rent To Own
 
Single Family Home
Delavan, IL 61734
3
2
1196 ft2
1980
1 of 9 206 E MAIN ST
Rent To Own
 
Single Family Home
Green Valley, IL 61534
3
3
2000 ft2
1894
Map
Sponsored Link

More Morton, IL Property Resources

Rent to own Homes in Cities Near Morton, IL

Browse all Rent to own Homes in Illinois

Neighborhoods in Morton, IL

No neighborhoods found

Popular Zip Codes in Morton, IL

61550 rent to own homes

Buying a Home in Morton, IL

Morton, IL is seeing rapid growth and Morton, IL's' housing market remains optimal with an average home price that is -9% below the 2024 national average. Morton, IL is part of Tazewell 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 Tazewell is 1.85% which is above the national average, which is 0.99%.

Median Home Price in Morton, IL

Median Rent in Morton, IL

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

Top 4 Reasons to Live in Morton, IL

Several major employers for job seekers! Morton is headquarters for a Caterpillar Inc. distribution center and Libby's Pumpkin. Approximately 28 percent of the population was engaged in manufacturing in 2011 census records, most of those in work at Libby's Pumpkin Cannery. Other major employers are Oakwood Estate and Linden Estate - both area hospitals. In 2011, 27.6 percent of residents commuted to work, many to Peoria, which is about a 10-minute drive.

Go to the famous Pumpkin Festival! Since approximately 85 percent of the world's processed pumpkin is canned in the Village of Morton, of course they would host a fantastic Pumpkin Festival. Morton Pumpkin Festival is held annually in September and spans Friday and Saturday, culminating on Sunday with a parade. Enjoy a carnival, beauty pageant, 10K run and two-mile walk, business expo, carnival cuisine, pumpkin decorating, pie-eating contest, and Libby recipe contest. In 2014, Aupperle and Sons, Garber Heating and Cooling and Grimm's Trucking were just a few local businesses who contributed to the festival.

Low housing prices! The average cost of all housing units in 2011 was $187,118; the average cost of apartments in five-or-more unit buildings was $127,858. Practically all types of dwellings may be found here, from ranch styles to mansions and manufactured housing. Morton is headquarters to Morton Buildings Inc. and there are many other builders for those looking to build a new home, including 309 Custom Builders and CORE Construction. Rent to own houses, seller financing, VA/FHA and traditional loans are all common financing methods.

Low cost of living and low population density! The cost of living index in Morton was around 85 percent in 2011, making it cheaper than the national average of 100 percent. There were approximately 1,348 people every square mile in 2011. By way of contrast, nearby Peoria had 2,605 people per square mile in 2011. Approximately 99 percent of the population is urban with one percent rural. Trails at Timber Oaks is one of the newest neighborhoods with new construction dwellings. You can find houses for rent on Birchwood Street, which has the added advantage of the scenic Birchwood Park. Main Street - which offers dozens of businesses like Lulu's on Main gift shop and Grimm Interiors - also has a residential district.