Rent to own Homes in Grand Marais, MN

Grand Marais, MN is a great place for affordable rent-to-own homes! With a median household income of over $55,141 and a median rent of $754, the Grand Marais, 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 Grand Marais, 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 Grand Marais, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 10 of 10
2393 W HIGHWAY 61
Rent to Own Eligible
 
Single Family Home
Grand Marais, MN 55604
2
1
1080 ft2
2000
New
2307 COUNTY ROAD 7
Rent to Own Eligible
 
Single Family Home
Grand Marais, MN 55604
3
3
1409 ft2
1984
New
4490 CASCADE BEACH RD
Rent to Own Eligible
 
Single Family Home
Lutsen, MN 55612
2
1
1684 ft2
1950
399 HONEYMOON TRL
Rent to Own Eligible
 
Single Family Home
Lutsen, MN 55612
2
2
1008 ft2
2001
554 POPLAR RIVER RD
Rent to Own Eligible
 
Single Family Home
Lutsen, MN 55612
3
3
1883 ft2
1998
151 BERG GATE
Rent to Own Eligible
 
Townhouse/Condo
Hovland, MN 55606
2
2
1386 ft2
2007
New
72 CHIMNEY ROCK RD
Rent to Own Eligible
 
Single Family Home
Hovland, MN 55606
3
2
1901 ft2
2004
New
7192 W HIGHWAY 61 #41
Rent to Own Eligible
 
Single Family Home
Tofte, MN 55615
2
2
928 ft2
1987
1024 DEVIL TRACK RD
Rent to Own Eligible
 
Townhouse/Condo
Grand Marais, MN 55604
0
2
2100 ft2
2011
New
5273 W HIGHWAY 61
Rent to Own Eligible
 
Single Family Home
Lutsen, MN 55612
0
0
1120 ft2
1939
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Buying a Home in Grand Marais, MN

Grand Marais, MN is seeing rapid growth and Grand Marais, MN's' housing market remains optimal with an average home price that is -6% below the 2024 national average. Grand Marais, MN is part of Cook 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 Cook is 0.41% which is below the national average, which is 0.99%.

Median Home Price in Grand Marais, MN

Median Rent in Grand Marais, MN

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