Rent to own Homes in Tinley Park, IL

Fastest Developing Suburb: Tinley has long been recognized for its commitment to economic development and community outreach programs. The town's many recreational parks, which include the spectacular Extreme Skate Park and fantastic White Water Canyon Water Park, help provide a balanced socio-economic atmosphere.

Tinley Park, IL is a great place for affordable rent-to-own homes! With a median household income of over $82,163 and a median rent of $1,227, the Tinley Park, 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 Tinley Park, 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 Tinley Park, 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
12A Kingery Quarter Rd #104
Rent To Own
 
Single Family Home
Willowbrook, IL 60527
1
1
800 ft2
1981
Hot
9519 S FOREST AVE
Rent To Own
Roseland
Single Family Home
Chicago, IL 60628
3
2
1100 ft2
1960
7343 Country Creek Way UNIT 4
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
2
2
972 ft2
1975
7115 S SAINT LAWRENCE AVE
Rent To Own
Park Manor
Townhouse/Condo
Chicago, IL 60619
6
4
2773 ft2
1890
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
1 of 38 8724 S ESSEX AVE
Rent To Own
South Chicago
Single Family Home
Chicago, IL 60617
5
3
1987 ft2
1924
14701 W 93rd Ave
Rent To Own
 
Single Family Home
Dyer, IN 46311
3
3
1822 ft2
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
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
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
1 of 22 2S110 COLONIAL LN
Rent To Own
 
Single Family Home
Lombard, IL 60148
4
2
1944 ft2
1965
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
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
3648 WHITE EAGLE DR
Rent To Own
White Eagle Club
Single Family Home
Naperville, IL 60564
5
3
2896 ft2
1996
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
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
5465 MARYLAND ST
Rent To Own
 
Single Family Home
Merrillville, IN 46410
3
2
1512 ft2
1957
2301 SUMMERLIN DR
Rent To Own
 
Single Family Home
Aurora, IL 60503
2
2
0 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
Hot
636 PEARCES FRD
Rent To Own
 
Single Family Home
Oswego, IL 60543
5
4
2800 ft2
1988
84 PUEBLO RD
Rent To Own
Boulder Hill
Single Family Home
Montgomery, IL 60538
3
1
988 ft2
1960
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 10 19917 SILVERSIDE DR
Rent To Own
Brookside Glen
Single Family Home
Tinley Park, IL 60487
4
3
3113 ft2
2019
16516 PARK PL
Rent To Own
Orland Hills
Single Family Home
Orland Hills, IL 60487
3
2
1852 ft2
1998
16610 THERESA LN #202
Rent To Own
Tinley Park
Townhouse/Condo
Tinley Park, IL 60477
2
1
850 ft2
1978
Hot
1 of 11 7624 PRESTWICK DR
Rent To Own
Tinley Park
Single Family Home
Tinley Park, IL 60477
3
3
2129 ft2
1995
Hot
1 of 35 7622 W LAKESIDE DR
Rent To Own
Frankfort Square
Single Family Home
Frankfort, IL 60423
3
3
2400 ft2
1991
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Buying a Home in Tinley Park, IL

Tinley Park, IL is seeing rapid growth and Tinley Park, IL's' housing market remains not optimal with an average home price that is 10% above the 2024 national average. Tinley Park, 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 Tinley Park, IL

Median Rent in Tinley Park, IL

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

Reasons to Live in Tinley Park, IL

Wide Range of Housing Designs: In Tinley, housing designs range from modest to luxuriously appealing. The average age of homes in Crestwood, Oak Forest and Palos Park is 8 years, which is newer than the state's average. The median home value in Tinley Park is 39.6% greater than Illinois and 25.7% greater than the average for the entire country. This means investing in a home in this city has long-term equity benefits, including rent to own houses.

Home Buyers Big Break: The median price asked for homes in Tinley is 56% greater than the Illinois average and 64.3% greater than the national average. But, this area also has lower than average rates on household utilities and general services. West Point Drive and Parkside Drive are good places to start your home search.

Beautiful Downtown Square: Beautiful Oak Park Avenue is a prime hub for retail shopping, dining and commuting. Its attractive Palladian architecture and ideal location have made it lucrative for property investments. A recent South Street Project calls for a multimillion dollar construction of 220 apartments and 40,000 square feet of commercial retail space in the area. Orland Park and FlossMoor communities are also earmarked for development.

The Largest Outdoor Concert Amphitheater: The First Midwest Bank Theater is an outdoor music venue in Tinley that can host 28,000 visitors. Across the street is the Freedom Hall Nathan Manilow Theatre, which is another wonderful local venue to see your favorite musicians perform.

Neighborly Pedestrian Shopping Areas: Main Street in the downtown area is a place where residents gather, shop and participate in fun activities in the town square. There is also a therapeutic recreational center--South Suburban Special Recreation Association--for individuals with special needs. If you want to walk to own from a home you own, you'll be in good company. About 81% of people in this area own their home.

Place of Mass UFO Sightings: Tinley Park and Oak Forest are witnesses to a series of UFO sightings, which started in 2004. After much publicity the vicinity of the "flashing lights" is now called Tinley Park Lights. This may be your chance to see these "red-orange" spherical objects residents describe.

Racing Events at Speedway: Be a spectator as top NASCAR professionals speed around multiple tracks at Chicagoland Speedway. If you have ever dreamt of being behind a 600 power race car, then the Richard Petty Driving Experience is there to make dreams come true.

Best Place for Business: The town's newly approved commercial development projects in Cook County are projected to save 57% on real estate taxes. As a result, construction in Bremen and Rich Townships. for example, may qualify for significant property tax reductions. Other business incentives for entrepreneurs include 100% writeoffs on machinery placed in service (under specific rules), to encourage a variety of investments.

Rental Apartments for Cheap: This city offers easy access to jobs, relatively low cost of living and a superb location, which draws in many 'out-of-staters.' Some choose rent to own homes or rent to own condos as a flexible pathway to homeownership. Townhouses in spacious Homewood and Richton neighborhoods may be worth pursuing.

Memory Lane Historic Artifacts: For history buffs, the Phillip Randolph Pullman Porter Museum has an amazing collection of artifacts and chronicles of American history. Just as fascinating is the Park Forest Local History Archive about 10 minutes away. Look for a home amongst the historic sites; there's currently a vacancy rate of about 2%.

Nature Trail Challenges: The Sag Valley trails offer exhilarating adventures for individuals in mid to upper levels of fitness. More challenging is the Swallow Cliff Stairs--for those who dare!

The Best Annual Art and Craft Displays: Benches on the Avenue is an art fair visited by thousands of art enthusiasts. Another favorite is the Tall Grass Arts Association Gallery, one of the oldest outdoor art fairs in Chicagoland.

Healthy Living Promotions: Tinley aggressively implements healthy living principles. Promotion of green concepts is seen at Tinley Park Farmer's Market and Forest View Farms, as well as through extensive recycling programs. Want to rent in an area all-about health? You will be in good company, since about 17% of people here rent.