Rent to own Homes in Franklin, MI

Franklin, MI is a great place for affordable rent-to-own homes! With a median household income of over $158,958 and a median rent of $2,740, the Franklin, 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 Franklin, 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 Franklin, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
14050 MANHATTAN ST
Rent To Own
 
Single Family Home
Oak Park, MI 48237
3
2
1061 ft2
1949
502 ALBANY ST
Rent To Own
Downtown Ferndale
Single Family Home
Ferndale, MI 48220
3
1
1150 ft2
1928
7274 Lamphere St
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
2
1
748 ft2
1949
15484 NORTHLAWN ST
Rent To Own
Harmony Village
Single Family Home
Detroit, MI 48238
3
1
1243 ft2
1926
42260 FIVE MILE RD
Rent To Own
 
Single Family Home
Plymouth, MI 48170
4
3
2414 ft2
2014
204 W BRENTWOOD ST
Rent To Own
State Fair-Nolan
Single Family Home
Highland Park, MI 48203
3
1
1056 ft2
1951
1002 MAHAFFEY AVE
Rent To Own
 
Single Family Home
Rochester, MI 48307
3
2
1017 ft2
1958
25404 HANOVER ST
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
2
3
1344 ft2
1940
8685 FORD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
3
1
1200 ft2
1948
11092 PACKARD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
850 ft2
1951
1375 RED BARN DR
Rent To Own
 
Single Family Home
Oxford, MI 48371
3
1
2028 ft2
1966
1 of 14 525 Maloney Street
Rent To Own
 
Multifamily (2 - 4 Units)
Oxford, MI 48371
3
3
2519 ft2
1977
3680 ALLEN RD
Rent To Own
 
Single Family Home
Ortonville, MI 48462
4
4
4400 ft2
1991
13057 PROSPECT AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
900 ft2
1952
Hot
13518 POPLAR ST
Rent To Own
 
Single Family Home
Southgate, MI 48195
2
1
660 ft2
1949
134 N MILFORD RD
Rent To Own
Downtown Highland
Single Family Home
Highland, MI 48357
1
2
1808 ft2
1885
51319 GEDDES RD
Rent To Own
 
Single Family Home
Canton, MI 48188
2
1
823 ft2
1937
New
45669 HARMONY LN
Rent To Own
 
Single Family Home
Van Buren Township, MI 48111
4
2
0 ft2
1966
8900 E Jefferson Ave APT 718
Rent To Own
Belle Isle
Single Family Home
Detroit, MI 48214
1
1
600 ft2
1966
20592 MAPLEWOOD ST
Rent To Own
 
Single Family Home
Riverview, MI 48193
4
3
2472 ft2
1974
24120 OXFORD ST
Rent To Own
 
Single Family Home
Clinton Township, MI 48036
3
3
1900 ft2
1953
1442 RILEY CENTER RD
Rent To Own
 
Single Family Home
Riley, MI 48041
3
2
1853 ft2
1991
2040 LAMBDEN RD
Rent To Own
City Farms
Single Family Home
Flint, MI 48532
2
1
800 ft2
1930
Hot
1 of 3 6904 CATHEDRAL DR
Rent To Own
 
Single Family Home
Bloomfield Hills, MI 48301
5
5
2806 ft2
1965
1 of 36 29476 COVE CREEK LN
Rent To Own
 
Townhouse/Condo
Farmington Hills, MI 48334
3
3
1502 ft2
1989
1 of 18 3808 W MAPLE RD
Rent To Own
 
Single Family Home
Bloomfield Hills, MI 48301
3
3
4000 ft2
2019
29890 W 12 Mile Rd
Rent To Own
 
Townhouse/Condo
Farmington Hills, MI 48334
1
1
868 ft2
1981
1 of 26 29870 w 12 mile rd, apt 706
Rent To Own
 
Multifamily (2 - 4 Units)
Farmington Hills, MI 48334
2
2
1145 ft2
1981
7339 West Briarcliff Knoll Drive
Rent To Own
 
Multifamily (2 - 4 Units)
West Bloomfield Township, MI 48322
4
2
2259 ft2
1954
Hot
1 of 6 30515 W 14 MILE RD #44
Rent To Own
 
Townhouse/Condo
Farmington Hills, MI 48334
1
1
816 ft2
1979
30475 W 14 Mile Rd
Rent To Own
 
Townhouse/Condo
Farmington Hills, MI 48334
1
1
816 ft2
1979
Hot
3028 PARKLAND DR
Rent To Own
 
Single Family Home
West Bloomfield, MI 48322
4
4
3394 ft2
1977
1 of 18 30594 ORCHARD LAKE RD #57
Rent To Own
 
Townhouse/Condo
Farmington Hills, MI 48334
2
2
1381 ft2
1987
1 of 24 4893 Fairway Ridge South
Rent To Own
 
Multifamily (2 - 4 Units)
West Bloomfield Township, MI 48323
3
4
3109 ft2
1984
1 of 8 21656 HAMILTON AVE
Rent To Own
 
Single Family Home
Farmington Hills, MI 48336
4
2
1450 ft2
1925
1 of 21 3865 Lone Pine Rd
Rent To Own
 
Townhouse/Condo
West Bloomfield, MI 48323
2
2
960 ft2
1977
32080 Grand River Avenue Unit 59
Rent To Own
 
Multifamily (2 - 4 Units)
Farmington, MI 48336
2
2
1147 ft2
1978
Hot
1 of 12 28454 QUAIL HOLLOW RD
Rent To Own
 
Single Family Home
Farmington Hills, MI 48331
4
2
2054 ft2
1957
1 of 9 34536 QUAKER VALLEY RD
Rent To Own
 
Single Family Home
Farmington Hills, MI 48331
6
6
5222 ft2
1937
1 of 3 7320 VERONA DR
Rent To Own
 
Single Family Home
West Bloomfield, MI 48322
3
4
2980 ft2
1998
1 of 43 893 HAZEL ST
Rent To Own
 
Single Family Home
Birmingham, MI 48009
5
6
3000 ft2
2018
Hot
1 of 25 30423 MARSHALL ST
Rent To Own
 
Single Family Home
Southfield, MI 48076
3
1
1146 ft2
1926
Hot
1 of 4 6519 MAPLE LAKES CT
Rent To Own
 
Townhouse/Condo
West Bloomfield, MI 48322
3
3
1958 ft2
1985
1172 BIRD AVE
Rent To Own
 
Single Family Home
Birmingham, MI 48009
3
3
2230 ft2
1926
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Buying a Home in Franklin, MI

Franklin, MI is seeing rapid growth and Franklin, MI's' housing market remains not optimal with an average home price that is 174% above the 2024 national average. Franklin, MI is part of Oakland 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 Oakland is 1.75% which is above the national average, which is 0.99%.

Median Home Price in Franklin, MI

Median Rent in Franklin, MI

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