Rent to own Homes in Medicine Lake, MN

Medicine Lake, MN is a great place for affordable rent-to-own homes! With a median household income of over $103,125 and a median rent of $910, the Medicine Lake, 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 Medicine Lake, 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 Medicine Lake, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
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
4141 3RD ST NE #106
Rent To Own
 
Townhouse/Condo
Minneapolis, MN 55421
1
1
738 ft2
1986
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 69 119 BRUSH ST
Rent To Own
 
Single Family Home
Norwood Young America, MN 55368
4
2
2506 ft2
1925
New
112 PENINSULA RD
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
2
2
1776 ft2
1956
1 of 63 234 PENINSULA RD
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
5
2
3437 ft2
1925
New
1 of 58 10806 S Shore Dr
Rent to Own Eligible
 
Townhouse/Condo
Plymouth, MN 55441
2
2
1200 ft2
2006
408 ZACHARY LN N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
4
2
1764 ft2
1932
406 ZACHARY LN N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
3
1
1483 ft2
1936
12301 26TH AVE N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
5
3
3033 ft2
1955
1 of 26 10925 1ST AVE N
Rent to Own Eligible
 
Townhouse/Condo
Minneapolis, MN 55441
3
3
3167 ft2
2006
1 of 26 35 NATHAN LN N #207
Rent to Own Eligible
 
Townhouse/Condo
Minneapolis, MN 55441
2
2
1008 ft2
1982
328 WILLOUGHBY WAY W
Rent to Own Eligible
 
Townhouse/Condo
Hopkins, MN 55305
3
2
1208 ft2
1999
1 of 46 3430 E MEDICINE LAKE BLVD
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
4
3
4230 ft2
1976
New
12640 RESDEN RD N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
4
2
1383 ft2
1976
425 SHELARD PKWY #202
Rent to Own Eligible
Shelard Park
Townhouse/Condo
Minneapolis, MN 55426
2
1
986 ft2
1982
395 Shelard Pkwy
Rent to Own Eligible
Shelard Park
Single Family Home
Saint Louis Park, MN 55426
2
1
960 ft2
1982
New
2800 HILLSBORO AVE N #122
Rent to Own Eligible
 
Townhouse/Condo
Minneapolis, MN 55427
2
2
982 ft2
1970
312 PINEVIEW LN N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
4
3
1610 ft2
1947
2101 KINGS VALLEY RD W
Rent to Own Eligible
 
Townhouse/Condo
Minneapolis, MN 55427
3
2
1336 ft2
1974
1 of 35 11250 36TH PL N
Rent to Own Eligible
 
Townhouse/Condo
Minneapolis, MN 55441
3
1
2140 ft2
1980
450 FORD RD #227
Rent to Own Eligible
Shelard Park
Townhouse/Condo
Minneapolis, MN 55426
2
2
1360 ft2
1972
New
1 of 50 450 Ford Rd
Rent to Own Eligible
Shelard Park
Townhouse/Condo
Saint Louis Park, MN 55426
2
2
1229 ft2
1972
New
2801 Flag Ave N
Rent to Own Eligible
 
Townhouse/Condo
New Hope, MN 55427
2
2
988 ft2
1970
1 of 38 1409 FLAG AVE N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55427
3
2
1491 ft2
1975
460 FORD RD #203
Rent to Own Eligible
Shelard Park
Townhouse/Condo
Minneapolis, MN 55426
1
2
1159 ft2
2005
New
3700 EVERGREEN LN N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
4
2
1508 ft2
1976
New
1 of 156 1155 Ford Rd
Rent to Own Eligible
Shelard Park
Townhouse/Condo
Saint Louis Park, MN 55426
2
2
1395 ft2
2007
New
1155 FORD RD #204
Rent to Own Eligible
 
Townhouse/Condo
Minneapolis, MN 55426
2
1
1064 ft2
2007
10109 37TH AVE N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
4
2
2320 ft2
1968
1 of 28 9000 31ST AVE N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55427
5
2
1508 ft2
1968
1 of 26 4055 GOLDENROD LN N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
4
3
4872 ft2
1989
10505 CRESTRIDGE DR
Rent to Own Eligible
 
Single Family Home
Hopkins, MN 55305
2
1
1053 ft2
1936
New
11465 42ND AVE N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
5
3
2210 ft2
1993
New
1289 CASTLE CT
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55427
4
3
2174 ft2
1986
New
3700 GETTYSBURG AVE N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55427
5
2
1456 ft2
1962
New
13340 32ND AVE N
Rent to Own Eligible
 
Single Family Home
Minneapolis, MN 55441
4
3
1984 ft2
1986
New
4121 GOLDENROD LN N
Rent to Own Eligible
 
Townhouse/Condo
Minneapolis, MN 55441
3
2
1086 ft2
1980
1 of 28 1905 VERNON DR S
Rent to Own Eligible
 
Single Family Home
Hopkins, MN 55305
4
3
3501 ft2
1983
11650 TIMBERLINE RD
Rent to Own Eligible
 
Single Family Home
Hopkins, MN 55305
4
4
2672 ft2
1991
1 of 97 10500 RUNNYMEADE LN
Rent to Own Eligible
 
Single Family Home
Hopkins, MN 55305
3
4
2328 ft2
2005
New
10540 43RD AVE N #310
Rent to Own Eligible
 
Townhouse/Condo
Minneapolis, MN 55442
1
1
900 ft2
1984
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Buying a Home in Medicine Lake, MN

Medicine Lake, MN is seeing rapid growth and Medicine Lake, MN's' housing market remains not optimal with an average home price that is 347% above the 2024 national average. Medicine Lake, MN is part of Hennepin 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 Hennepin is 1.14% which is above the national average, which is 0.99%.

Median Home Price in Medicine Lake, MN

Median Rent in Medicine Lake, MN

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