Rent to own Homes in Elk Rapids, MI

Elk Rapids, MI is a great place for affordable rent-to-own homes! With a median household income of over $60,000 and a median rent of $963, the Elk Rapids, MI 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 Elk Rapids, MI. 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 Elk Rapids, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1 of 26 718 Spartan Shores Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Elk Rapids, MI 49629
3
3
2000 ft2
2002
Hot
1 of 70 10860 BLUFF RD
Rent To Own
 
Single Family Home
Traverse City, MI 49686
4
6
6740 ft2
2014
Hot
1 of 31 8966 ALDEN MDWS
Rent To Own
 
Townhouse/Condo
Alden, MI 49612
4
4
3200 ft2
2000
1 of 28 11720 EASY ST
Rent To Own
 
Single Family Home
Kewadin, MI 49648
3
3
2347 ft2
2014
Hot
9491 PENINSULA DR
Rent To Own
 
Single Family Home
Traverse City, MI 49686
6
4
4067 ft2
1971
Hot
1 of 4 3798 VALE DR
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49686
2
1
750 ft2
1978
1 of 21 1717 U.S. 31 unit 35
Rent To Own
 
Multifamily (2 - 4 Units)
Traverse City, MI 49686
3
4
2200 ft2
1986
Hot
1 of 32 2017 TIMBERLANE DR
Rent To Own
 
Single Family Home
Traverse City, MI 49686
5
3
2477 ft2
1970
Hot
1 of 11 2031 SEAVIEW DR
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49686
3
3
2300 ft2
2013
Hot
1 of 10 227 FAIR ST #6
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49686
2
1
895 ft2
1967
Hot
1 of 46 865 VIENNA WAY
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49696
4
3
3200 ft2
2015
12050 S WEST BAY SHORE DR
Rent To Own
Greilickville
Single Family Home
Traverse City, MI 49684
2
2
1144 ft2
1971
Hot
1 of 9 13766 S WEST BAY SHORE DR #206
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49684
2
2
924 ft2
1994
Hot
1 of 49 2320 TROON S #506
Rent To Own
 
Townhouse/Condo
Bellaire, MI 49615
4
4
2400 ft2
2000
601 HYDE ST
Rent To Own
 
Single Family Home
Kalkaska, MI 49646
4
3
23000 ft2
1970
1 of 42 2217 US31 South
Rent To Own
 
Multifamily (2 - 4 Units)
Charlevoix, MI 49720
3
3
3000 ft2
1900
8377 HAWLEY RD
Auction
 
Single Family Home
Williamsburg, MI 49690
3
2
1232 ft2
1995
1 of 31 8601 CHURCH ST
Auction
 
Single Family Home
Williamsburg, MI 49690
3
2
1548 ft2
1967
Hot
1 of 241 4316 W TIMBERWOOD DR
Fannie Mae/Freddie Mac
 
Single Family Home
Traverse City, MI 49686
5
4
2800 ft2
1987
New
1 of 24 3759 VALE DR
Auction
 
Townhouse/Condo
Traverse City, MI 49686
2
2
960 ft2
2002
3765 VALE DR
Auction
 
Townhouse/Condo
Traverse City, MI 49686
2
2
960 ft2
2002
1 of 10 6215 WALKER RD NW
Auction
 
Single Family Home
Rapid City, MI 49676
3
2
1890 ft2
1 of 62 1867 OAK DR
Auction
 
Single Family Home
Traverse City, MI 49686
2
2
1360 ft2
1977
2053 AVERILLS CIR
Auction
 
Single Family Home
Traverse City, MI 49686
3
2
1144 ft2
1972
1058 WEBSTER ST
Auction
Oak Park
Single Family Home
Traverse City, MI 49686
1
1
875 ft2
1906
New
1 of 3 610 FERN ST
Auction
Traverse Heights
Single Family Home
Traverse City, MI 49686
3
2
1140 ft2
2002
New
626 ROSE ST
Auction
Traverse Heights
Single Family Home
Traverse City, MI 49686
2
1
792 ft2
1966
Hot
2439 MCNAB CT
REO Foreclosure
 
Single Family Home
Traverse City, MI 49696
4
2
1680 ft2
1976
1749 STRASBOURG
Auction
 
Townhouse/Condo
Traverse City, MI 49696
4
4
2500 ft2
2008
1 of 5 968 BARLOW ST
Auction
Traverse Heights
Single Family Home
Traverse City, MI 49686
2
1
1130 ft2
1896
New
1 of 12 150 4 MILE RD S
Auction
 
Single Family Home
Traverse City, MI 49696
3
2
1607 ft2
1980
New
241 E 11TH ST
Auction
Old Towne
Single Family Home
Traverse City, MI 49684
3
1
1017 ft2
1910
1 of 4 1602 RIDGE VIEW CT
Auction
 
Single Family Home
Traverse City, MI 49686
3
2
2046 ft2
1977
1 of 46 310 S DIVISION ST
Auction
Kids Creek
Single Family Home
Traverse City, MI 49684
2
2
1005 ft2
1904
519 GEORGE ST
REO Foreclosure
 
Single Family Home
Kalkaska, MI 49646
3
1
1012 ft2
1970
1 of 19 182 S Garfield Road
REO Foreclosure
 
Single Family Home
Traverse City, MI 49696
5
1
1298 ft2
1900
893 TRADITIONS DR
Auction
 
Townhouse/Condo
Traverse City, MI 49696
3
2
1272 ft2
2017
1 of 64 6080 LAKE LEELANAU DR
Auction
 
Single Family Home
Traverse City, MI 49684
3
2
928 ft2
New
1 of 28 8596 ESSEX RD
Auction
 
Single Family Home
Ellsworth, MI 49729
3
2
1352 ft2
1 of 5 4436 BRUNSON PL
Auction
 
Single Family Home
Traverse City, MI 49684
3
2
1300 ft2
1991
1 of 38 1430 NE Kettle Lake Road
REO Foreclosure
 
Single Family Home
Kalkaska, MI 49646
4
2
2128 ft2
1995
1 of 69 593 AUTUMNVIEW LN
Auction
Chums Corner
Single Family Home
Traverse City, MI 49685
3
4
1860 ft2
2004
575 N EAST SILVER LAKE RD
Auction
 
Single Family Home
Traverse City, MI 49685
3
1
1008 ft2
1994
New
1 of 18 3536 VANCE RD
Auction
 
Single Family Home
Traverse City, MI 49685
3
1
1128 ft2
2017
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Neighborhoods in Elk Rapids, MI

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Popular Zip Codes in Elk Rapids, MI

49629 rent to own homes

Buying a Home in Elk Rapids, MI

Elk Rapids, MI is seeing rapid growth and Elk Rapids, MI's' housing market remains not optimal with an average home price that is 12% above the 2024 national average. Elk Rapids, MI is part of Antrim 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 Antrim is 0.95% which is below the national average, which is 0.99%.

Median Home Price in Elk Rapids, MI

Median Rent in Elk Rapids, MI

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