Rent to own Homes in Oak Forest, IL

Oak Forest most accurately described this area back in the 1880s. Since then, this active suburb just 24 miles south of Chicago has become a great place to live, boasting excellent facilities and affordable neighborhoods. On the other hand, for those in search of a real oak forest, there are 640 acres of nature to explore and enjoy within the city limits.

Oak Forest, IL is a great place for affordable rent-to-own homes! With a median household income of over $78,865 and a median rent of $1,095, the Oak Forest, 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 Oak Forest, 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 Oak Forest, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
956 W 115TH PL
Rent To Own
Morgan Park
Townhouse/Condo
Chicago, IL 60643
3
2
731 ft2
1966
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
12A Kingery Quarter Rd #104
Rent To Own
 
Single Family Home
Willowbrook, IL 60527
1
1
800 ft2
1981
1 of 38 8724 S ESSEX AVE
Rent To Own
South Chicago
Single Family Home
Chicago, IL 60617
5
3
1987 ft2
1924
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
3017 E 78th St APT 2B
Rent To Own
South Shore
Single Family Home
Chicago, IL 60649
1
1
800 ft2
1924
1 of 75 5555 S Everett Ave
Rent To Own
 
Single Family Home
Chicago, IL 60637
4
3
2400 ft2
1924
14701 W 93rd Ave
Rent To Own
 
Single Family Home
Dyer, IN 46311
3
3
1822 ft2
7343 Country Creek Way UNIT 4
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
2
2
972 ft2
1975
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 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
505 N LAKE SHORE DR #6601
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
3
4
2975 ft2
1970
1355 N SANDBURG TER #407D
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
1
1
0 ft2
1964
2745 N HAMPDEN CT #2E
Rent To Own
Lincoln Park
Townhouse/Condo
Chicago, IL 60614
3
1
1100 ft2
1916
1 of 22 2S110 COLONIAL LN
Rent To Own
 
Single Family Home
Lombard, IL 60148
4
2
1944 ft2
1965
6704 W FOREST PRESERVE DR
Rent To Own
Harwood Heights
Single Family Home
Harwood Heights, IL 60706
3
3
1326 ft2
1998
4636 N Racine Ave APT 2, Chicago, IL 60640
Rent To Own
Uptown
Single Family Home
Chicago, IL 60640
2
1
1200 ft2
1906
5537 N CANFIELD AVE
Rent To Own
Norwood Park
Single Family Home
Chicago, IL 60656
2
2
1284 ft2
1946
1748 W Rascher Ave
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60640
2
1
0 ft2
1913
6334 N SHERIDAN RD #3C
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60660
1
1
800 ft2
1928
541 W 67TH LN
Rent To Own
 
Single Family Home
Merrillville, IN 46410
4
2
1834 ft2
1961
5465 MARYLAND ST
Rent To Own
 
Single Family Home
Merrillville, IN 46410
3
2
1512 ft2
1957
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
1 of 5 1517 W Jonquil Ter
Rent To Own
 
Multifamily (2 - 4 Units)
Chicago, IL 60626
2
1
1100 ft2
2000
5913 MONROE ST
Rent To Own
Morton Grove
Single Family Home
Morton Grove, IL 60053
3
2
1830 ft2
1960
1 of 14 8809 West Golf Road
Rent To Own
 
Multifamily (2 - 4 Units)
Niles, IL 60714
2
2
1600 ft2
1976
3648 WHITE EAGLE DR
Rent To Own
White Eagle Club
Single Family Home
Naperville, IL 60564
5
3
2896 ft2
1996
812 N RIVER RD #2A
Rent To Own
 
Townhouse/Condo
Mount Prospect, IL 60056
2
1
1000 ft2
1983
2301 SUMMERLIN DR
Rent To Own
 
Single Family Home
Aurora, IL 60503
2
2
0 ft2
1609 EDINBURGH DR #117-5
Rent To Own
Tri Village
Townhouse/Condo
Bartlett, IL 60103
3
3
1826 ft2
2005
1 of 2 7620 S CALUMET AVE
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
4
4
1386 ft2
1921
1 of 8 16610 Theresa Lane
Rent To Own
Tinley Park
Multifamily (2 - 4 Units)
Tinley Park, IL 60477
2
1
900 ft2
1978
16610 THERESA LN #202
Rent To Own
Tinley Park
Townhouse/Condo
Tinley Park, IL 60477
2
1
850 ft2
1978
1 of 20 4116 163RD ST
Rent To Own
Canterbury
Single Family Home
Country Club Hills, IL 60478
3
2
1600 ft2
1957
1 of 22 6673 PINE POINT DR
Rent To Own
Parkside
Single Family Home
Tinley Park, IL 60477
3
2
1620 ft2
1949
1 of 24 17365 71ST AVE
Rent To Own
Rauhoff
Single Family Home
Tinley Park, IL 60477
3
2
1121 ft2
1951
Hot
14533 KEYSTONE AVE #1
Rent To Own
Midlothian
Townhouse/Condo
Midlothian, IL 60445
1
1
45000 ft2
1971
1 of 22 17406 71ST AVE
Rent To Own
Rauhoff
Single Family Home
Tinley Park, IL 60477
3
3
1344 ft2
1958
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Popular Zip Codes in Oak Forest, IL

60452 rent to own homes

Buying a Home in Oak Forest, IL

Oak Forest, IL is seeing rapid growth and Oak Forest, IL's' housing market remains optimal with an average home price that is -7% below the 2024 national average. Oak Forest, 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 Oak Forest, IL

Median Rent in Oak Forest, IL

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

5 Reasons to Move to Oak Forest, IL

Safe in the woods! Cook County Forest Preserve has more than 20 miles of looped trails for hikers, bikers, campers and nature lovers. It's a perfect place for a quiet fishing weekend or an intense outdoor workout. In addition, Chicago Gaelic Park offers another 50 acres of greenery set aside for special festivals and events throughout the year. Best of all? No matter where you live in Oak Forest or what trail you venture on, you'll be safe and sound! After all, the crime rate here is less than half the national average.

A great deal in store. Oak Forrest is made up of two major neighborhoods for homes are the Fieldcrest neighborhood and Forestview Hills neighborhoods. The number of grocery stores and convenience stores per block are much higher than the Illinois state average. A brand new Metra station can take residents into the Loop in minutes for even more shopping opportunities in the Windy City.

Worth every penny! The estimated median rent to own home in Oak Forest is about $179,000, just above the state average of $170,600. If you make the move, though, you'll be glad you did. After all, you'll have easy access to the nearby Fresenius Medical Care Center.

Sports and entertainment! Cicero Avenue has become a bustling entertainment district dotted with neighborhood pubs and popular restaurants. Nearly five acres of additional retail shops are now under development along the Avenue. Meanwhile, the nearby George W. Dunne National Golf Course draws sports enthusiasts to a full 18 holes, tree-lined course that Golf Digest has selected as one of the best public courses in the nation.

Phantom central! Ghost hunters are known to haunt Bachelors Grove Cemetery in the Rubio Woods Forest Preserve. On full moons, the ghost of the "white madonna" stalks the ancient headstones, the legends say. Nearby a phantom farmhouse shimmers and floats in the night sky. Most notably, "the woman on the grave" is one of the few ghosts who has allowed itself to be photographed for the Chicago Sun-Times.