Rent to own Homes in Andover, MN

Officially established as a city in 1974, but first settled in the mid-nineteenth century, Andover, MN has a population of a little over 30,000, according to the 2010 census. It prides itself on offering residents a thriving, safe community in which to live and work, with a high quality of life and a strong tradition of civic participation in local life. Legend has it that the place got its name after an eyewitness described a train that crashed into a swamp and went "over and over!"

Andover, MN is a great place for affordable rent-to-own homes! With a median household income of over $112,967 and a median rent of $1,684, the Andover, MN 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 Andover, MN. 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 Andover, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
4141 3RD ST NE #106
Rent To Own
 
Townhouse/Condo
Minneapolis, MN 55421
1
1
738 ft2
1986
6319 W 32ND ST
Rent To Own
Lenox
Single Family Home
Minneapolis, MN 55416
1
1
612 ft2
1926
6337 GIRARD AVE S
Rent To Own
CARAG
Single Family Home
Minneapolis, MN 55423
2
3
1380 ft2
1940
107 WILKIN ST
Rent To Own
West Seventh
Single Family Home
Saint Paul, MN 55102
3
2
1548 ft2
1880
14620 GARRETT AVE #211
Rent To Own
 
Townhouse/Condo
Saint Paul, MN 55124
1
1
720 ft2
1980
1 of 25 3390 132ND LN NW
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55448
4
2
2195 ft2
1992
2377 151ST AVE NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
4
4
2283 ft2
2002
New
1034 SUNNY LN
Rent to Own Eligible
 
Single Family Home
Anoka, MN 55303
4
2
1867 ft2
1968
15440 SILVEROD ST NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
5
4
1596 ft2
1981
New
14730 Cobalt St NW
Rent to Own Eligible
 
Townhouse/Condo
Ramsey, MN 55303
2
2
1525 ft2
2004
1 of 19 1853 ANDOVER BLVD NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
3
1
1464 ft2
1958
New
76 142ND AVE NW
Rent to Own Eligible
 
Townhouse/Condo
Andover, MN 55304
2
2
1596 ft2
2001
15635 YAKIMA ST NW
Rent to Own Eligible
 
Single Family Home
Anoka, MN 55303
4
3
3154 ft2
1987
2941 169TH LN NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
4
2
2679 ft2
1986
3502 136TH AVE NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
3
1
1144 ft2
1965
New
1 of 88 14761 Cobalt St NW
Rent to Own Eligible
 
Townhouse/Condo
Ramsey, MN 55303
3
2
1596 ft2
2003
New
2214 135TH LN NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
4
2
1038 ft2
1994
1957 140TH AVE NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
3
2
1416 ft2
2013
4681 153RD LN NW
Rent to Own Eligible
 
Single Family Home
Anoka, MN 55303
4
3
3569 ft2
1999
New
16033 OLIVE ST NW
Rent to Own Eligible
 
Townhouse/Condo
Andover, MN 55304
6
2
1776 ft2
2021
New
1975 153RD LN NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
4
2
2250 ft2
1969
New
4296 145TH LN NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
5
3
1879 ft2
1982
1 of 23 14241 QUAY ST NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
5
3
3560 ft2
1984
New
14239 CRANE ST NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
2
1
1032 ft2
1995
1 of 39 528 139TH LN NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
4
3
3340 ft2
1998
New
14761 COBALT ST NW #39
Rent to Own Eligible
 
Townhouse/Condo
Anoka, MN 55303
3
2
1450 ft2
2003
3750 178TH LN NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
4
2
2064 ft2
1992
1 of 33 13910 PARTRIDGE ST NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
4
1
1609 ft2
1970
New
2654 140TH AVE NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
4
2
960 ft2
1968
New
14700 COBALT ST NW #48
Rent to Own Eligible
 
Townhouse/Condo
Anoka, MN 55303
2
3
1313 ft2
2004
New
15550 LINNET ST NW #1-207
Rent to Own Eligible
 
Townhouse/Condo
Andover, MN 55304
1
1
798 ft2
2003
13624 GLADIOLA ST NW
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
3
2
1644 ft2
1954
13216 KILLDEER ST NW
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55448
4
4
2030 ft2
1986
New
13174 Meadowood Curv NW
Rent to Own Eligible
 
Townhouse/Condo
Coon Rapids, MN 55448
2
2
1236 ft2
1990
5589 154TH LN NW
Rent to Own Eligible
 
Townhouse/Condo
Anoka, MN 55303
2
2
912 ft2
2004
14048 TERRACE RD NE
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
4
3
3681 ft2
1990
1 of 76 13942 TERRACE RD NE
Rent to Own Eligible
 
Single Family Home
Andover, MN 55304
4
4
2753 ft2
1995
New
2307 129TH LN NW
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55448
2
2
1215 ft2
1998
1 of 26 1681 128TH AVE NW
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55448
4
2
1700 ft2
1985
Hot New
545 TAYLOR ST
Rent to Own Eligible
 
Single Family Home
Anoka, MN 55303
3
1
936 ft2
1952
New
12859 ZILLA ST NW
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55448
4
3
1815 ft2
2002
1 of 102 15425 NOWTHEN BLVD NW
Rent to Own Eligible
 
Single Family Home
Anoka, MN 55303
4
2
1296 ft2
1965
12740 DRAKE CIR NW
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55448
3
2
1520 ft2
2002
1 of 23 2976 127TH AVE NW
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55448
2
3
1888 ft2
2007
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Buying a Home in Andover, MN

Andover, MN is seeing rapid growth and Andover, MN's' housing market remains not optimal with an average home price that is 41% above the 2024 national average. Andover, MN is part of Anoka 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 Anoka is 1.01% which is above the national average, which is 0.99%.

Median Home Price in Andover, MN

Median Rent in Andover, MN

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

Top 6 Reasons to Live in Andover, Minnesota

Great local celebrations! Every year the Andover Family Fun Fest is held over two days in July in the City Hall grounds (or nearby), close to Sunshine Park and Andover Elementary school. The fun includes a parade, fireworks, huge inflatable slides, street dancing and a non-competitive 5km jog.

Some of the finest school districts in Minnesota! In the north of town, St. Francis School District 15 serves students with the highest educational standards, while Anoka-Hennepin School District 11 does the same in the southern section. There are also three elementary institutions and a middle school, alongside Andover High and the Meadow Creek Christian establishment.

A growing choice of real estate to choose from! On average, 50 new homes are built in Andover every year, comprising a range of prices, architectural styles and sizes, whether you're looking for rent to own homes or anything else. Homes for rent and for sale can be relatively cheaper in the neighborhood Constance, while nearby Heritage Oaks has some lovely townhouses.

New developments springing up all the time! In the fall of 2014 alone, these include planned new developments for town house properties at Woodland Crossing and Country Oaks West, giving more choice than ever before.

Great local amenities for off-duty times! Across the city, there are over 400 acres of parks, including the 136-acre Kelsey Round Lake Park, ideal for skiing, hiking and observing nature at its best. Alternatively, visit the Anoka County Bunker Hills regional park, extending across 400 acres and incorporating a golf course and numerous trails for cross-country skiing, hiking and biking. The Rum River Central Regional Park is just north of the town.

It's all about the food! Courtyards of Andover is the place to head for if you like rare-ish prime rib, covered in herbs. Alternatively, the Bean Coffee & Wine Cafe is a quiet and tranquil place in which to gather ones' thoughts or enjoy a peaceful conversation - it's also gluten-free friendly!