Rent to own Homes in Merrillville, IN

Merrillville, Indiana is known as the retail hub of Lake County. At just under an hour from Chicago, it is a bustling, retail-oriented town with some distinctions of big city life, all without the crowds and traffic. If you're looking for a wonderful place to call home without big city lights and noise, you'll find Merrillville -- with its ample entertainment, shopping and dining opportunities -- an excellent choice.

Merrillville, IN is a great place for affordable rent-to-own homes! With a median household income of over $63,381 and a median rent of $1,075, the Merrillville, IN 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 Merrillville, IN. 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 Merrillville, IN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
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
26 BITTERSWEET LN
Rent To Own
 
Single Family Home
Portage, IN 46368
4
3
1966 ft2
1948
14701 W 93rd Ave
Rent To Own
 
Single Family Home
Dyer, IN 46311
3
3
1822 ft2
1 of 38 8724 S ESSEX AVE
Rent To Own
South Chicago
Single Family Home
Chicago, IL 60617
5
3
1987 ft2
1924
3017 E 78th St APT 2B
Rent To Own
South Shore
Single Family Home
Chicago, IL 60649
1
1
800 ft2
1924
Hot
9519 S FOREST AVE
Rent To Own
Roseland
Single Family Home
Chicago, IL 60628
3
2
1100 ft2
1960
956 W 115TH PL
Rent To Own
Morgan Park
Townhouse/Condo
Chicago, IL 60643
3
2
731 ft2
1966
7115 S SAINT LAWRENCE AVE
Rent To Own
Park Manor
Townhouse/Condo
Chicago, IL 60619
6
4
2773 ft2
1890
1 of 75 5555 S Everett Ave
Rent To Own
 
Single Family Home
Chicago, IL 60637
4
3
2400 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
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
505 N LAKE SHORE DR #6601
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
3
4
2975 ft2
1970
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
1355 N SANDBURG TER #407D
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
1
1
0 ft2
1964
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 ft2
1905
2745 N HAMPDEN CT #2E
Rent To Own
Lincoln Park
Townhouse/Condo
Chicago, IL 60614
3
1
1100 ft2
1916
4636 N Racine Ave APT 2, Chicago, IL 60640
Rent To Own
Uptown
Single Family Home
Chicago, IL 60640
2
1
1200 ft2
1906
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
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
6704 W FOREST PRESERVE DR
Rent To Own
Harwood Heights
Single Family Home
Harwood Heights, IL 60706
3
3
1326 ft2
1998
5537 N CANFIELD AVE
Rent To Own
Norwood Park
Single Family Home
Chicago, IL 60656
2
2
1284 ft2
1946
1 of 2 7620 S CALUMET AVE
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
4
4
1386 ft2
1921
2691 W 63RD AVE
Rent To Own
 
Single Family Home
Merrillville, IN 46410
3
2
1946 ft2
1968
1 of 7 9829-9835 Grant pl.
Rent To Own
 
Multifamily (2 - 4 Units)
Crown Point, IN 46307
6
4
3600 ft2
Hot
1 of 33 109 BEVERLY BLVD
Rent To Own
 
Single Family Home
Hobart, IN 46342
3
1
2817 ft2
1948
2756 Autumn Dr
Rent To Own
 
Single Family Home
Crown Point, IN 46307
4
3
1863 ft2
1997
Hot
921 PAWNEE DR
Rent To Own
 
Single Family Home
Crown Point, IN 46307
4
3
2713 ft2
1977
Hot
1 of 19 3173 EASTWIND CT
Rent To Own
 
Single Family Home
Crown Point, IN 46307
4
2
1636 ft2
1978
Hot
1 of 39 226 WINDY OAK DR
Rent To Own
 
Single Family Home
Hebron, IN 46341
2
1
2300 ft2
2002
Hot
2700 ELKHART ST
Rent To Own
 
Townhouse/Condo
Lake Station, IN 46405
7
3
-2600 ft2
1940
Hot
1 of 18 12672 JEFFERSON DR
Rent To Own
 
Single Family Home
Crown Point, IN 46307
4
3
3300 ft2
2005
1 of 10 9824 HART ST
Rent To Own
 
Single Family Home
Saint John, IN 46373
2
2
1785 ft2
2004
Hot
613 OXFORD RD
Rent To Own
 
Single Family Home
Valparaiso, IN 46385
4
2
1232 ft2
1975
Hot
1 of 29 12524 PARRISH AVE
Rent To Own
 
Single Family Home
Cedar Lake, IN 46303
3
2
2300 ft2
1979
Hot
1 of 9 632 OSWEGO RD
Rent To Own
 
Single Family Home
Valparaiso, IN 46385
3
2
1176 ft2
1973
1 of 19 9963 PHEASANT LN
Rent To Own
 
Single Family Home
Saint John, IN 46373
4
3
3468 ft2
2001
Hot
1 of 6 376 RAVEN CIR
Rent To Own
 
Single Family Home
Valparaiso, IN 46385
3
1
1092 ft2
1979
1 of 93 9840 N HICKORY LN
Rent To Own
 
Single Family Home
Saint John, IN 46373
4
4
3570 ft2
1978
Hot
1 of 12 6534 OHIO AVE
Rent To Own
 
Single Family Home
Hammond, IN 46323
3
1
925 ft2
1959
1536 BURLWOOD LN
Rent To Own
 
Single Family Home
Schererville, IN 46375
2
2
1600 ft2
2004
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46411 rent to own homes 46410 rent to own homes

Buying a Home in Merrillville, IN

Merrillville, IN is seeing rapid growth and Merrillville, IN's' housing market remains optimal with an average home price that is -35% below the 2024 national average. Merrillville, IN is part of Lake 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 Lake is 1.37% which is above the national average, which is 0.99%.

Median Home Price in Merrillville, IN

Median Rent in Merrillville, IN

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

5 Great Reasons to Live in Merrillville, IN

Golf, Golf, Golf! If you love to golf, Turkey Creek Golf Course won't disappoint you. With a newly remodeled pro shop, an excellent turf care program and professional landscaping, you might just experience your best game ever amid some of the most beautiful scenery Lake County has to offer. Innsbrook Country Club also offers an exceptional course, and more!

Inspirational Dance Programs Available! For the more refined tastes, the Indiana Ballet Theatre has brought Merrillville exposure to spectacular dance performances, outreach for underprivileged ballerinas and some of the finest dance education available. They offer a multitude of programs for those little ballerinas wanting to learn dance, and by offering full-length traditional ballet productions they can stay focused on local talent. You might just catch a glimpse of a neighbor or witness the historical ballet stories while enjoying some of the finest entertainment imaginable.

See the Stars and Planets! For those wanting to look into the sky through some amazing visuals, the Merrillville Community Planetarium is the place to visit. As part of the Merrillville Community School Corp., this public theater dedicates itself to enlightening those who enter its doors to the world beyond Earth, through programs about astronomy and space -- on a domed ceiling and special effects that show the universe in a special and unique way. Group and public programs are available to those wanting to escape into another world.

Low Real Estate Prices! The average home price in Merrillville in 2014 was $128,884 -- a price that any newcomer can afford. Lake County offers some extremely popular areas with wonderful schools. For real estate that is more expensive and closer to Lake Michigan, rent to own homes are available, making the down payment more affordable -- and you can move in immediately! The local Realtor, Merrillville Realty, can get you into available homes, and quick!

Low Rental Prices for Apartments and Houses! If you just want to explore the area, consider renting an amazing property because it is affordable. The median rental price, which includes apartments, condos and family homes, can be found for $450 and up. This is the way to explore the homes for sale in the area -- paying low rent while searching for the perfect home. Check in with the local property management company, Equity Property Management, for their listing of properties for rent. They can also scope out properties that will be coming up for rent.