Rent to own Homes in Madisonville, KY

Madisonville is a small town located in the western part of the state. The city is home to about 19,500 people, and it has a rich history. Founded in 1807, Madisonville was greatly affected by the Civil War, which split its residents into supporters of the Union and Confederacy. Today, the town is the location of a thriving community of people with a wide range of jobs and interests. It's even the original hometown of notable residents like professional wrestler Leva Bates and gospel singer Dottie Rambo.

Madisonville, KY is a great place for affordable rent-to-own homes! With a median household income of over $43,193 and a median rent of $764, the Madisonville, KY 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 Madisonville, KY. 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 Madisonville, KY rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
622 E Harding Ave
Rent To Own
 
Single Family Home
Henderson, KY 42420
3
2
1056 ft2
2022
Hot
1 of 10 108 W NOEL AVE
Rent To Own
 
Single Family Home
Madisonville, KY 42431
1
2
980 ft2
1929
1 of 27 904 PYLE LN
Rent To Own
 
Single Family Home
Hopkinsville, KY 42240
4
2
1500 ft2
1975
1 of 20 435 3RD ST
Rent To Own
Downtown Henderson
Single Family Home
Henderson, KY 42420
2
1
975 ft2
1933
Hot
1705 BRITMART RD
Rent To Own
 
Single Family Home
Elkton, KY 42220
3
2
1488 ft2
1994
Hot
1 of 15 2716 DARTMOUTH DR
Rent To Own
Wesleyan - Shawnee
Single Family Home
Owensboro, KY 42301
4
3
2256 ft2
1966
Hot
1 of 9 1334 JEFFERSON ST
Rent To Own
 
Single Family Home
Cadiz, KY 42211
3
2
1196 ft2
1960
Hot
1 of 47 210 CUMMINS LN
Rent To Own
 
Single Family Home
Eddyville, KY 42038
3
2
2045 ft2
1991
Hot
1 of 24 511 GRIFFITH AVE
Rent To Own
Dogwood Azalea
Single Family Home
Owensboro, KY 42301
4
3
3150 ft2
1900
1 of 15 113 E 17TH ST
Rent To Own
Midtown East
Single Family Home
Owensboro, KY 42303
4
3
2850 ft2
1916
Hot
1 of 11 815 ALLEN ST
Rent To Own
Old Owensboro
Single Family Home
Owensboro, KY 42303
2
1
960 ft2
1916
1 of 17 4543 WOODLAKE RUN
Rent To Own
 
Single Family Home
Owensboro, KY 42303
4
2
1980 ft2
2002
437 S MADISON AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
2
2
1016 ft2
1910
738 HOPKINS ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
2
1
1018 ft2
1946
2707 S MAIN ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
3
1
1593 ft2
1954
1707 FOREST ACRES DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
4
2
1040 ft2
1967
2032 LAKESHORE DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
4
3
2568 ft2
1974
1291 EASTVIEW DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
3
2
1250 ft2
2006
129 S SPRING ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
3
2
1184 ft2
2002
2400 RIDGEWOOD DR
REO Foreclosure
 
Single Family Home
Madisonville, KY 42431
4
2
2759 ft2
1978
1523 CORUM DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
3
2
1104 ft2
410 BROWN LN
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
2
1
960 ft2
1972
704 WEXFORD WAY
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
4
2
2402 ft2
1987
Hot
1465 ROSE CREEK RD
REO Foreclosure
 
Single Family Home
Madisonville, KY 42431
3
1
1176 ft2
1990
404 MIMMS AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Earlington, KY 42410
2
1
1025 ft2
1899
1410 CARROLL GENTRY RD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Madisonville, KY 42431
3
2
1736 ft2
2000
14570 STATE ROUTE 120 E
Auction
 
Single Family Home
Slaughters, KY 42456
3
2
2047 ft2
1995
New
1 of 13 14930 STATE ROUTE 120 E
Auction
 
Single Family Home
Slaughters, KY 42456
2
2
1276 ft2
15381 STATE ROUTE 120 E
Auction
 
Single Family Home
Slaughters, KY 42456
3
2
1972 ft2
15461 STATE ROUTE 120 E
REO Foreclosure
 
Single Family Home
Slaughters, KY 42456
3
1
2048 ft2
New
291 STATE ROUTE 147
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Slaughters, KY 42456
2
1
1092 ft2
452 US HIGHWAY 41A S
REO Foreclosure
 
Single Family Home
Dixon, KY 42409
3
2
1614 ft2
3949 STATE ROUTE 370 E
Auction
 
Single Family Home
Sebree, KY 42455
3
2
1678 ft2
140 BARNETT LOOP RD
REO Foreclosure
 
Single Family Home
White Plains, KY 42464
2
2
1584 ft2
New
1 of 5 833 US HIGHWAY 41A N
Auction
 
Single Family Home
Dixon, KY 42409
3
2
1748 ft2
2007
3468 EMPIRE RD
REO Foreclosure
 
Single Family Home
Crofton, KY 42217
3
3
3500 ft2
2008
New
208 N HUGHES ST
Auction
 
Single Family Home
Providence, KY 42450
3
1
1102 ft2
1149 GRAPEVINE RD
Auction
 
Single Family Home
Crofton, KY 42217
4
1
1340 ft2
130 E MAIN ST
REO Foreclosure
 
Single Family Home
Providence, KY 42450
3
1
2776 ft2
New
300 MCELROY DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Providence, KY 42450
3
1
1110 ft2
New
205 W MAIN ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Providence, KY 42450
6
2
3742 ft2
1912
402 CEDAR ST
REO Foreclosure
 
Single Family Home
Providence, KY 42450
3
1
2114 ft2
70 HONEYSUCKLE RD
REO Foreclosure
 
Single Family Home
Sebree, KY 42455
3
2
1620 ft2
1998
6600 STATE ROUTE 56 E
REO Foreclosure
 
Single Family Home
Sebree, KY 42455
3
1
1293 ft2
Map
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42431 rent to own homes

Buying a Home in Madisonville, KY

Madisonville, KY is seeing rapid growth and Madisonville, KY's' housing market remains optimal with an average home price that is -43% below the 2024 national average. Madisonville, KY is part of Hopkins 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 Hopkins is 0.77% which is below the national average, which is 0.99%.

Median Home Price in Madisonville, KY

Median Rent in Madisonville, KY

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

5 Reasons to Live in Madisonville, KY

Desirable living! There is a relatively low vacancy rate in Madisonville of about 7 percent. This means that while it can be challenging to find a spot to live, it is also a desirable place to live that people like to move to and stay in. If you need a place while you're finding a more permanent place to own or rent to own, try a local hotel like the Ruby Lodge at Spring Lake Woods or the James Madison Inn.

Delicious dining! The eating is great in Madisonville, since there are a plethora of restaurants to get great meals at. One of the most popular in the area is Dave's Sticky Pig, an outstanding BBQ joint. For something a bit more exotic, try Mi Pueblo Mexican Restaurant, which serves up delectable Mexican food in a festive setting.

Affordable renting! Renting is very affordable in the area, with studios renting for an average of $438 per month and one bedrooms renting for an average of $440 per month. If you want a rental home near waterfront views, try renting near Lake Peewee or City Park.

Activities abound! Anyone who likes to stay active and busy will find no shortage of places to do so in Madisonville. The Madisonville YMCA is a great place to exercise or take part in community events. Those interested in martial arts will find great classes and facilities at local martial arts institution Myers Martial Arts.

Drinking fun! Blackwell's Diner and Sports Bar is one of locals' favorite places to watch a game and drink a beer. One of the other most popular bars in town is called the Crowded House, which serves cocktails, beers, and delicious pub fare.