Rent to own Homes in Pana, IL

Pana, IL is a great place for affordable rent-to-own homes! With a median household income of over $47,701 and a median rent of $624, the Pana, 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 Pana, 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 Pana, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1 of 26 1749 W FOREST AVE
Rent To Own
West End
Single Family Home
Decatur, IL 62522
6
2
0 ft2
1 of 22 1424 W SUNSET DR
Rent To Own
 
Single Family Home
Taylorville, IL 62568
3
2
1400 ft2
1969
Hot
1 of 8 230 W MADISON ST
Rent To Own
 
Single Family Home
Moweaqua, IL 62550
2
2
1200 ft2
1953
1 of 5 911 HAWLEY ST
Rent To Own
 
Single Family Home
Taylorville, IL 62568
2
1
775 ft2
1950
Hot
1 of 14 612 W MAIN ST
Rent To Own
 
Single Family Home
Bethany, IL 61914
2
1
1240 ft2
1971
Hot
103 N WALNUT ST
Rent To Own
 
Single Family Home
Saint Elmo, IL 62458
4
4
2496 ft2
1895
1 of 15 435 BELL ST
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
3
2
2600 ft2
1904
Hot
1 of 20 1518 HUNTERS VIEW DR
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
5
4
2509 ft2
2009
Hot
616 W EDWARDS ST
Rent To Own
 
Single Family Home
Vandalia, IL 62471
3
3
1900 ft2
1926
515 W WILDWOOD DR
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
3
3
1714 ft2
1972
1822 RACE DR
Rent To Own
 
Single Family Home
Decatur, IL 62521
3
2
1968 ft2
1961
1605 FLEETWOOD CT
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
3
1
1754 ft2
1973
Hot
1 of 19 2587 PHEASANT RUN
Rent To Own
Wildwood
Single Family Home
Decatur, IL 62521
3
2
1700 ft2
1993
1 of 25 11 WESTERN DR
Rent To Own
Lost Bridge
Single Family Home
Decatur, IL 62521
3
1
1164 ft2
1942
1 of 37 4620 E GLENWOOD DR
Rent To Own
 
Single Family Home
Decatur, IL 62521
5
4
4200 ft2
2006
1 of 24 3304 E BIRCH ST
Rent To Own
Muffley
Single Family Home
Decatur, IL 62521
3
2
1740 ft2
1950
420 S JOYNT RD
Rent To Own
 
Single Family Home
Decatur, IL 62522
3
2
1492 ft2
1950
1 of 9 610 S MONROE ST
Rent To Own
Lincoln Park
Single Family Home
Decatur, IL 62522
4
3
2465 ft2
1929
1 of 28 3356 E LEAFDALE AVE
Rent To Own
Scovill Gardens
Single Family Home
Decatur, IL 62521
3
2
1570 ft2
1952
1 of 57 2625 DAY DR
Rent To Own
 
Single Family Home
Decatur, IL 62521
4
5
3390 ft2
2005
1 of 15 1444 S 44TH ST
Rent To Own
Baker Woods
Single Family Home
Decatur, IL 62521
4
1
1092 ft2
1930
Hot
705 W MAIN ST
Rent To Own
 
Single Family Home
Taylor Springs, IL 62089
3
1
1200 ft2
1915
Hot
1 of 11 37 FAIRVIEW PL
Rent To Own
West End
Single Family Home
Decatur, IL 62522
3
2
672 ft2
1925
Hot
1 of 6 952 N LINDEN AVE
Rent To Own
Fairlawn
Single Family Home
Decatur, IL 62522
3
3
1344 ft2
1966
1 of 27 440 SHERIDAN DR
Rent To Own
Bayview
Single Family Home
Decatur, IL 62521
3
2
1488 ft2
1957
Hot
1 of 9 1673 N UNION ST
Rent To Own
GM Square
Single Family Home
Decatur, IL 62526
2
2
1158 ft2
1894
2315 HOYT CT
Rent To Own
Home Park
Single Family Home
Decatur, IL 62526
4
3
2566 ft2
1961
Hot
1 of 22 4188 E LAKE SHORE DR
Rent To Own
Homewood
Single Family Home
Decatur, IL 62521
2
2
1316 ft2
1928
1 of 33 2302 N FAIRVIEW AVE
Rent To Own
Ravina Park
Single Family Home
Decatur, IL 62526
2
1
960 ft2
1958
1 of 11 704 Shorewood Dr. #1
Rent To Own
Shorewood
Multifamily (2 - 4 Units)
Decatur, IL 62521
2
2
1154 ft2
1984
9632 MECHANICSBURG RD
Rent To Own
 
Multifamily (2 - 4 Units)
Dawson, IL 62520
3
3
2800 ft2
1 of 23 213 DEER CREEK RD
Rent To Own
Rochester
Single Family Home
Rochester, IL 62563
3
2
1716 ft2
1973
Hot
1 of 6 1504 APPALACHIAN TRL
Rent To Own
Rochester
Single Family Home
Rochester, IL 62563
4
4
2475 ft2
2007
1 of 39 1615 APPALACHIAN TRL
Rent To Own
Rochester
Single Family Home
Rochester, IL 62563
4
4
4200 ft2
2005
Hot
1 of 25 312 AUTUMN DR
Rent To Own
 
Single Family Home
Dawson, IL 62520
3
2
1650 ft2
1993
Hot
1 of 49 3160 BEAVER CREEK LN
Rent To Own
 
Single Family Home
Springfield, IL 62712
3
3
2640 ft2
1994
830 N 6TH ST
Rent To Own
Riverton
Single Family Home
Riverton, IL 62561
3
2
1477 ft2
1987
701 E 3RD ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Pana, IL 62557
3
3
688 ft2
1920
New
702 LINCOLN ST
Auction
 
Single Family Home
Pana, IL 62557
2
3
1584 ft2
1925
New
713 N POPLAR ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Pana, IL 62557
3
2
1202 ft2
1920
205 S HICKORY ST
REO Foreclosure
 
Single Family Home
Pana, IL 62557
3
2
956 ft2
1890
101 S SHERIDAN ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Pana, IL 62557
3
3
448 ft2
1920
5 CHIPPEWA RUN
REO Foreclosure
 
Single Family Home
Pana, IL 62557
3
4
2424 ft2
1995
5 E 6TH ST
REO Foreclosure
 
Single Family Home
Pana, IL 62557
2
2
896 ft2
1893
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Popular Zip Codes in Pana, IL

62557 rent to own homes

Buying a Home in Pana, IL

Pana, IL is seeing rapid growth and Pana, IL's' housing market remains optimal with an average home price that is -66% below the 2024 national average. Pana, IL is part of Christian 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 Christian is 1.62% which is above the national average, which is 0.99%.

Median Home Price in Pana, IL

Median Rent in Pana, IL

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