Rent to own Homes in Oak Lawn, IL

It's a sought after place to live! Oak Lawn, IL is a popular place to call home. People there find wonderful purchasable homes, rent to own houses, or rental homes. The vacancy rate there is only about 4%! If you want to live near water in Oak Lawn, check out homes near Wolfe State Wildlife Refuge or by the the lake between East Shore and West Shore Drives.

Oak Lawn, IL is a great place for affordable rent-to-own homes! With a median household income of over $69,352 and a median rent of $1,115, the Oak Lawn, 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 Lawn, 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 Lawn, 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
1 of 3 7620 S CALUMET AVE
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
4
4
1386 ft2
1921
5856 S PRAIRIE AVE #3
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1250 ft2
2004
7115 S SAINT LAWRENCE AVE
Rent To Own
Park Manor
Townhouse/Condo
Chicago, IL 60619
6
4
2773 ft2
1890
5739 S CALUMET AVE #3N
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1400 ft2
1901
New
1 of 22 6237 S Greenwood Ave
Rent To Own
Woodlawn
Single Family Home
Chicago, IL 60637
2
2
1430 ft2
1896
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 ft2
1905
1 of 75 5555 S Everett Ave
Rent To Own
 
Single Family Home
Chicago, IL 60637
4
3
2400 ft2
1924
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
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
3017 E 78th St APT 2B
Rent To Own
South Shore
Single Family Home
Chicago, IL 60649
1
1
800 ft2
1924
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
1 of 135 1122 N Clark St
Rent To Own
Near North Side
Single Family Home
Chicago, IL 60610
1
1
750 ft2
1985
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
7343 Country Creek Way UNIT 4
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
2
2
972 ft2
1975
2745 N HAMPDEN CT #2E
Rent To Own
Lincoln Park
Townhouse/Condo
Chicago, IL 60614
3
1
1100 ft2
1916
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
1 of 22 2S110 COLONIAL LN
Rent To Own
 
Single Family Home
Lombard, IL 60148
4
2
1944 ft2
1965
6334 N SHERIDAN RD #3C
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60660
1
1
800 ft2
1928
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
14701 W 93rd Ave
Rent To Own
 
Single Family Home
Dyer, IN 46311
3
3
1822 ft2
1 of 14 8809 West Golf Road
Rent To Own
 
Multifamily (2 - 4 Units)
Niles, IL 60714
2
2
1600 ft2
1976
812 N RIVER RD #2A
Rent To Own
 
Townhouse/Condo
Mount Prospect, IL 60056
2
1
1000 ft2
1983
623 Limerick Ln
Rent To Own
Golden Corridor
Single Family Home
Schaumburg, IL 60193
2
2
1100 ft2
1995
4041 VAN BUREN ST
Rent To Own
Glen Park
Single Family Home
Gary, IN 46408
2
1
1087 ft2
1950
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
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
1609 EDINBURGH DR #117-5
Rent To Own
Tri Village
Townhouse/Condo
Bartlett, IL 60103
3
3
1826 ft2
2005
Hot
1 of 15 6230 W 87TH ST
Rent To Own
 
Single Family Home
Burbank, IL 60459
2
1
720 ft2
1951
Hot
1 of 21 4735 W 98TH ST
Rent To Own
 
Single Family Home
Oak Lawn, IL 60453
4
1
1506 ft2
1956
1 of 33 4005 West 93rd Street
Rent To Own
 
Multifamily (2 - 4 Units)
Oak Lawn, IL 60453
2
2
0 ft2
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Neighborhoods in Oak Lawn, IL

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Buying a Home in Oak Lawn, IL

Oak Lawn, IL is seeing rapid growth and Oak Lawn, IL's' housing market remains optimal with an average home price that is -3% below the 2024 national average. Oak Lawn, 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 Lawn, IL

Median Rent in Oak Lawn, IL

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

Top 14 Reasons to Live in Oak Lawn

Eaters paradise. If you love to eat, you'll love Oak Lawn. The town is home to fantastic restaurants like Palermo's 95th and old school Italian Papa Joe's/

Nightlife is awesome! In Oak Lawn, you can have fun after the sun goes down. The city has some great bars, like Tailgator's Sports Bar and Deja Brew Bar & Grill.

You can rent! If you're hoping to rent a home, Oak Lawn is a great place to do it! About 21% of properties here are rented. Ever wanted to rent near a park? You can in Oak Lawn: near Harnew Park or Brandt Park. Consider finding rent to own homes as well.

Tennis anyone? If you love playing tennis, you'll find yourself right at home in Oak Lawn. The town is home to Oak Lawn Racquet a fitness center and tennis facility. Palmer Park also has tennis courts.

You can own! Oak Lawn is a place where many people own their homes. In fact, about 75% of homes are owned! Consider getting a home near the southern part of town. You'll be close to Stoney Creek Golf Complex and the beautiful Holy Sepulchre Cemetery.

Fun abounds! Like to go out and have wholesome fun? There's plenty to be had in Oak Lawn. Check out Arena Lanes for great bowling and Odyssey Fun World for Laser Tag.

Make friends. Move to Oak Lawn, and you'll most likely make friends with your neighbors! People come here and don't leave; the annual residential turnover is only about 11%. Spend time with other residents at community gathering spots like the Oak View Center or the Oak Lawn Park District Community Pavilion.

Lots of arts! Catch a flick at the Chicago Ridge 6 if you love movies, or check out a new play at the Oak Law Community Theatre.

Affordable living! If you want to rent without putting too much stress on your wallet, you can do it in Oak Lawn. Expect to pay an average of $815 per month for a one bedroom. Want to shop near where you rent or rent to own? Enjoy the Marketplace of Oak Lawn, which is also near the beautiful Anderson Park.

Museums galore! Do you like to visit museums? You can do it whenever you want in Oak Law. Check out the Children's Museum in Oak Lawn or the Balzekas Museum of Lithuanian Culture.

Literary lovers. Do you like to read? There are lots of places to do it in Oak Lawn. Paperback Trading Co. is a great used bookstore, and Chimer'as Comics is a great place to check out books of the illustrated sort. If you like borrowing books, a great place to do it is the Oak Lawn Public Library.

Sports lovers will feel at home. Love to play sports? You can catch a game of ball at Standard Bank Stadium, or you can watch the Westside Warriors play and win. Into horse racing? You can find great races and polo matches at Oak Lawn Jockey Club.

Great place for pets! Are you an animal lover? You can definitely bring your dog along when you move to Oak Lawn. Bailey's Crossing is an excellent dog park in town, and you can find excellent veterinary care at Oak Lawn Animal Hospital. Cats are welcome, too, of course!