Rent to own Homes in Balaton, MN

Balaton, MN is a great place for affordable rent-to-own homes! With a median household income of over $50,000 and a median rent of $694, the Balaton, 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 Balaton, 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 Balaton, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 81
1 of 19 400 MASON ST
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
3
2
1270 ft2
11930 112 ST
Rent to Own Eligible
 
Single Family Home
Leota, MN 56153
3
1
1260 ft2
1981
11579 VOSS AVE
Rent to Own Eligible
 
Single Family Home
Dundee, MN 56131
3
1
1560 ft2
1985
Hot
171 MAPLE ST S
REO Foreclosure
 
Single Family Home
Balaton, MN 56115
3
1
1730 ft2
1914
109 S REDWOOD ST
REO Foreclosure
 
Single Family Home
Lynd, MN 56157
3
1
936 ft2
1958
1100 SILVERVINE DR
Short Sale
 
Single Family Home
Marshall, MN 56258
3
2
1632 ft2
1986
905 POPLAR AVE
Short Sale
 
Single Family Home
Marshall, MN 56258
3
2
1152 ft2
1961
1805 TOMA CT
REO Foreclosure
 
Single Family Home
Slayton, MN 56172
3
1
1130 ft2
1930
144 E PARK ST
REO Foreclosure
 
Single Family Home
Cottonwood, MN 56229
2
1
1040 ft2
1945
204 N BALTIMORE AVE
REO Foreclosure
 
Single Family Home
Fulda, MN 56131
2
1
959 ft2
1930
632 EDISON AVE
Auction
 
Single Family Home
Westbrook, MN 56183
3
2
1529 ft2
1976
822 1ST AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Westbrook, MN 56183
2
2
824 ft2
1911
530 9 1/2 ST
REO Foreclosure
 
Single Family Home
Westbrook, MN 56183
3
2
1934 ft2
1920
212 6TH AVE SE
REO Foreclosure
 
Single Family Home
Pipestone, MN 56164
3
1
1632 ft2
1910
1 of 5 376 MAIN ST
Auction
 
Single Family Home
Kenneth, MN 56147
3
1
630 ft2
New
1021 GRANDVIEW DR #A
Rent to Own Eligible
 
Single Family Home
Balaton, MN 56115
0
0
0 ft2
1 of 15 11 VALHALLA RD
Rent to Own Eligible
 
Single Family Home
Slayton, MN 56172
2
0
0 ft2
New
2450 COUNTY ROAD 7
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
0
0
0 ft2
202 W JAMES AVE
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
0
0
0 ft2
Hot
602 E SOUTHVIEW DR
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
0
0
0 ft2
1104 STOCKHOLM AVE
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
0
0
0 ft2
100 CIRCLE DR
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
0
0
0 ft2
203 F ST
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
0
0
0 ft2
304 N A ST
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
0
0
275 ft2
New
612 W MAIN ST
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
0
0
0 ft2
508 W LYON ST
Rent to Own Eligible
 
Townhouse/Condo
Marshall, MN 56258
0
0
0 ft2
606 W LYON ST
Rent to Own Eligible
 
Townhouse/Condo
Marshall, MN 56258
0
0
0 ft2
509 W REDWOOD ST
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
0
0
0 ft2
509 W MARSHALL ST
Rent to Own Eligible
 
Single Family Home
Marshall, MN 56258
0
0
0 ft2
284 EMORY ST
Rent to Own Eligible
 
Single Family Home
Tracy, MN 56175
0
0
0 ft2
307 E HOLLETT ST
Rent to Own Eligible
 
Single Family Home
Tracy, MN 56175
0
0
0 ft2
New
306 PROSPECT ST
Rent to Own Eligible
 
Single Family Home
Milroy, MN 56263
0
0
0 ft2
Hot
106 MORTON ST S
Rent to Own Eligible
 
Single Family Home
Lake Benton, MN 56149
0
0
0 ft2
New
340 NORTHWOOD DR
Rent to Own Eligible
 
Single Family Home
Cottonwood, MN 56229
0
0
0 ft2
New
18866 260 LUC ST
Rent to Own Eligible
 
Single Family Home
Lucan, MN 56255
0
0
0 ft2
2000
2350 380TH ST
Rent to Own Eligible
 
Single Family Home
Porter, MN 56280
0
0
0 ft2
804 6TH AVE SE
Rent to Own Eligible
 
Single Family Home
Pipestone, MN 56164
0
0
0 ft2
New
925 2ND AVE SW
Rent to Own Eligible
 
Single Family Home
Pipestone, MN 56164
0
0
0 ft2
New
522 5TH AVE SW
Rent to Own Eligible
 
Single Family Home
Pipestone, MN 56164
0
0
0 ft2
1018 7TH AVE SW
Rent to Own Eligible
 
Single Family Home
Pipestone, MN 56164
0
0
0 ft2
New
156 3RD AVE W
Rent to Own Eligible
 
Single Family Home
Hanley Falls, MN 56245
0
1
1144 ft2
1900
New
203 COUNTY HIGHWAY 10
Rent to Own Eligible
 
Single Family Home
Vesta, MN 56292
0
0
1568 ft2
1994
New
701 RING 7TH W
Rent to Own Eligible
 
Single Family Home
Canby, MN 56220
0
1
2708 ft2
2000
149 LEAF PT
Rent to Own Eligible
 
Single Family Home
Lynd, MN 56157
0
0
0 ft2
Map
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Buying a Home in Balaton, MN

Balaton, MN is seeing rapid growth and Balaton, MN's' housing market remains optimal with an average home price that is -65% below the 2024 national average. Balaton, MN is part of Lyon 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 Lyon is 1.04% which is above the national average, which is 0.99%.

Median Home Price in Balaton, MN

Median Rent in Balaton, MN

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