Rent to own Homes in Philo, IL

Philo, IL is a great place for affordable rent-to-own homes! With a median household income of over $91,156 and a median rent of $916, the Philo, 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 Philo, 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 Philo, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
105 N COLER AVE
Rent To Own
 
Single Family Home
Urbana, IL 61801
5
2
1890 ft2
1914
Hot
1 of 22 809 E LARMON ST
Rent To Own
 
Single Family Home
Tolono, IL 61880
3
3
2126 ft2
2001
Hot
1 of 13 1604 OGELTHORPE AVE
Rent To Own
 
Single Family Home
Urbana, IL 61802
3
1
1152 ft2
2002
1 of 3 118 Dewey Street
Rent To Own
 
Multifamily (2 - 4 Units)
Urbana, IL 61802
2
2
960 ft2
1989
1 of 6 5 Evergreen Circle,Unit D
Rent To Own
 
Multifamily (2 - 4 Units)
Savoy, IL 61874
2
2
1300 ft2
611 W CALIFORNIA AVE
Rent To Own
 
Single Family Home
Urbana, IL 61801
4
2
1493 ft2
1903
1 of 33 1906 GALEN DR
Rent To Own
Bolten Field
Single Family Home
Champaign, IL 61821
3
2
1144 ft2
1960
1 of 19 808 West Park Avenue #1
Rent To Own
 
Multifamily (2 - 4 Units)
Champaign, IL 61820
2
1
1380 ft2
1923
1 of 20 3501 MILL CREEK CT
Rent To Own
Cherry Hills
Single Family Home
Champaign, IL 61822
4
3
2400 ft2
1999
Hot
1 of 40 707 SOMERSET CIR
Rent To Own
 
Single Family Home
Saint Joseph, IL 61873
4
3
2630 ft2
1977
1 of 38 3813 FIELDS SOUTH CT
Rent To Own
 
Single Family Home
Champaign, IL 61822
3
2
1944 ft2
1974
Hot
1 of 20 617 DOISY LN
Rent To Own
Ashland Park
Single Family Home
Champaign, IL 61822
4
3
1627 ft2
2006
1 of 3 2308 MILAN CT
Rent To Own
 
Single Family Home
Champaign, IL 61822
4
3
0 ft2
2003
1 of 26 310 E LEVERETT RD
Rent To Own
 
Single Family Home
Champaign, IL 61822
4
2
1417 ft2
1953
Hot
1 of 7 602 W MAIN ST
Rent To Own
 
Single Family Home
Ogden, IL 61859
2
2
1200 ft2
1996
1 of 53 1004 CHURCHILL DOWNS DR
Rent To Own
 
Single Family Home
Champaign, IL 61822
4
3
2836 ft2
1998
Hot
1 of 53 603 ORCHARD DR
Rent To Own
 
Single Family Home
Mahomet, IL 61853
5
4
3273 ft2
2004
105 N CHANUTE ST
Rent To Own
 
Single Family Home
Rantoul, IL 61866
2
1
720 ft2
1925
1 of 11 208 S WEST ST
Rent To Own
 
Single Family Home
Gifford, IL 61847
3
3
1038 ft2
1972
Hot
403 N GRAY ST
Rent To Own
 
Single Family Home
Sidell, IL 61876
2
1
1100 ft2
1900
1 of 14 3914 E 2350 NORTH RD
Rent To Own
 
Single Family Home
Fithian, IL 61844
3
2
1512 ft2
2005
1 of 19 61 GLENBROOK LN
Rent To Own
 
Single Family Home
Fisher, IL 61843
3
2
1288 ft2
1980
907 S LONGVIEW RD
Rent To Own
 
Single Family Home
Monticello, IL 61856
3
2
1187 ft2
Hot
1 of 28 202 MILL ST
Rent To Own
 
Single Family Home
Indianola, IL 61850
2
2
1800 ft2
1912
1 of 25 510 S VINE ST
Rent To Own
 
Single Family Home
Arthur, IL 61911
5
2
2505 ft2
1920
Hot
1 of 8 621 W STATE ST
Rent To Own
 
Single Family Home
Paxton, IL 60957
3
1
1056 ft2
1976
3225 COUNTY ROAD 1600 E
Rent To Own
 
Single Family Home
Rantoul, IL 61866
4
2
1795 ft2
2003
101 S HARRISON ST
REO Foreclosure
 
Single Family Home
Sidney, IL 61877
3
1
1578 ft2
1923
303 E SCOVILL ST
REO Foreclosure
 
Single Family Home
Urbana, IL 61801
5
4
1750 ft2
1977
1 of 41 1604 S CURTISS DR
Auction
 
Single Family Home
Urbana, IL 61802
4
1
1346 ft2
1978
709 BALBOA RD
REO Foreclosure
Bolten Field
Single Family Home
Champaign, IL 61820
4
2
1372 ft2
1951
1 of 5 202 N OAK ST
Auction
 
Single Family Home
Villa Grove, IL 61956
3
2
1904 ft2
1909
1119 CENTENNIAL DR
Auction
 
Single Family Home
Champaign, IL 61821
3
1
1025 ft2
1963
2300 ROLAND DR
Auction
Dobbins Downs
Single Family Home
Champaign, IL 61821
3
1
1140 ft2
New
1060 N COUNTY ROAD 2050 E
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Villa Grove, IL 61956
5
2
1536 ft2
1920
1411 MYRTLE BEACH Avenue #1
REO Foreclosure
Boulder Ridge
Single Family Home
Champaign, IL 61822
2
3
1130 ft2
2006
1 of 44 702 S MAIN ST
Auction
 
Single Family Home
Homer, IL 61849
3
2
1048 ft2
1973
New
1 of 6 303 S EMBARRAS AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Tuscola, IL 61953
3
1
1100 ft2
1954
1 of 11 303 N MAIN ST
Auction
 
Single Family Home
Tuscola, IL 61953
2
1
1302 ft2
1939
New
213 E SALE ST
Auction
 
Single Family Home
Tuscola, IL 61953
3
2
1257 ft2
1930
2055 COUNTY ROAD 2500 N
Auction
 
Single Family Home
Thomasboro, IL 61878
3
2
1821 ft2
1905
1 of 5 405 SHERWOOD DR
Auction
 
Single Family Home
Rantoul, IL 61866
3
1
1131 ft2
1951
204 SHADY LAWN DR
Short Sale
 
Single Family Home
Rantoul, IL 61866
2
2
1221 ft2
1950
1 of 5 1228 E GROVE AVE
Auction
 
Single Family Home
Rantoul, IL 61866
2
1
800 ft2
1950
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Buying a Home in Philo, IL

Philo, IL is seeing rapid growth and Philo, IL's' housing market remains optimal with an average home price that is -28% below the 2024 national average. Philo, IL is part of Champaign 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 Champaign is 2% which is above the national average, which is 0.99%.

Median Home Price in Philo, IL

Median Rent in Philo, IL

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