Rent to own Homes in Lakefield, MN

Lakefield, MN is a great place for affordable rent-to-own homes! With a median household income of over $53,914 and a median rent of $762, the Lakefield, 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 Lakefield, 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 Lakefield, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 86
807 FROST AVE
Rent to Own Eligible
 
Single Family Home
Jackson, MN 56143
2
2
2486 ft2
1950
New
701 2ND AVE
Rent to Own Eligible
 
Single Family Home
Mountain Lake, MN 56159
5
2
1540 ft2
1919
11579 VOSS AVE
Rent to Own Eligible
 
Single Family Home
Dundee, MN 56131
3
1
1560 ft2
1985
1538 DOUGLAS AVE
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
4
3
2768 ft2
1959
1 of 27 1595 BURLINGTON AVE
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
2
1
1896 ft2
1968
New
309 12TH ST
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
3
1
2060 ft2
1912
37261 280TH ST
Rent to Own Eligible
 
Single Family Home
Westbrook, MN 56183
2
1
1058 ft2
1962
727 9TH AVE
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
6
2
1042 ft2
1993
New
1 of 37 310 CLARY ST W
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
4
2
2850 ft2
1950
925 LIBERTY DR
Rent to Own Eligible
 
Townhouse/Condo
Worthington, MN 56187
2
1
1040 ft2
1988
1731 S SHORE DR
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
3
2
1516 ft2
1955
1333 MILES DR
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
3
1
1232 ft2
1982
1 of 172 1977 S SHORE DR
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
4
3
2774 ft2
1975
835 STERLING AVE
Rent to Own Eligible
 
Single Family Home
Worthington, MN 56187
4
2
1440 ft2
1996
New
1 of 98 417 6TH AVE
Rent to Own Eligible
 
Single Family Home
Windom, MN 56101
4
2
2176 ft2
2000
751 3RD AVE
Rent to Own Eligible
 
Single Family Home
Heron Lake, MN 56137
2
2
2052 ft2
1910
Hot
1 of 33 129 S MORRISON AVE
Rent To Own
 
Single Family Home
Jackson, MN 56143
4
2
2460 ft2
1965
1140 SOUTH HWY
Auction
 
Single Family Home
Jackson, MN 56143
3
2
1356 ft2
1969
620 DES MOINES DR
REO Foreclosure
 
Single Family Home
Windom, MN 56101
2
2
1788 ft2
2000
New
1 of 38 616 10TH ST
Auction
 
Single Family Home
Windom, MN 56101
3
2
2002 ft2
1966
1004 MILLER AVE
Auction
 
Single Family Home
Windom, MN 56101
3
2
815 ft2
1890
61 10TH ST
Auction
 
Single Family Home
Windom, MN 56101
2
1
997 ft2
1940
1 of 5 1445 6TH AVE N
Auction
 
Single Family Home
Windom, MN 56101
2
2
720 ft2
1941
New
1 of 63 1595 RIVER RD
Auction
 
Single Family Home
Windom, MN 56101
3
2
1080 ft2
1957
25981 105TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spirit Lake, IA 51360
2
1
1120 ft2
1974
New
902 HILL AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spirit Lake, IA 51360
3
1
1368 ft2
1923
New
1703 ERIE AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spirit Lake, IA 51360
4
3
2504 ft2
1907
New
406 20TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spirit Lake, IA 51360
4
2
1272 ft2
1920
New
2106 DENVER AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Spirit Lake, IA 51360
3
3
1876 ft2
2014
New
1 of 6 211 AVENUE B W
Auction
 
Single Family Home
Lake Park, IA 51347
2
3
976 ft2
1900
3 27TH ST #101
Pre-Foreclosure (Lis Pendens)
 
Townhouse/Condo
Spirit Lake, IA 51360
4
2
1384 ft2
1979
New
308 S 2ND ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Lake Park, IA 51347
2
1
988 ft2
1969
1 of 21 1737 140TH AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Lake Park, IA 51347
3
2
1365 ft2
2001
New
35 HINSHAW ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Arnolds Park, IA 51331
4
3
2429 ft2
1950
402 6TH AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Round Lake, MN 56167
5
1
1056 ft2
1975
1 of 16 601 6TH AVE
Auction
 
Single Family Home
Mountain Lake, MN 56159
3
1
988 ft2
1958
221 OSCEOLA AVE E
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Harris, IA 51345
3
2
1356 ft2
1967
1 of 6 41665 320TH ST
Auction
 
Single Family Home
Jeffers, MN 56145
4
2
1484 ft2
1928
1014 10TH ST N
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mountain Lake, MN 56159
2
3
1288 ft2
1968
1005 K AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Milford, IA 51351
3
2
1184 ft2
1976
311 E SCOTT ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Jeffers, MN 56145
2
1
866 ft2
1908
420 S DOUGLAS AVE
Auction
 
Single Family Home
Worthington, MN 56187
4
1
1204 ft2
1 of 50 803 N 6TH ST
REO Foreclosure
 
Single Family Home
Estherville, IA 51334
4
3
2101 ft2
1916
1 of 34 615 7TH AVE N
Auction
 
Single Family Home
Estherville, IA 51334
4
2
1528 ft2
1920
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Buying a Home in Lakefield, MN

Lakefield, MN is seeing rapid growth and Lakefield, MN's' housing market remains optimal with an average home price that is -55% below the 2024 national average. Lakefield, MN is part of Jackson 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 Jackson is 1% which is above the national average, which is 0.99%.

Median Home Price in Lakefield, MN

Median Rent in Lakefield, MN

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