Rent to own Homes in Underwood, MN

Underwood, MN is a great place for affordable rent-to-own homes! With a median household income of over $55,000 and a median rent of $800, the Underwood, 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 Underwood, 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 Underwood, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
18204 COUNTY HIGHWAY 25
Rent To Own
 
Single Family Home
Fergus Falls, MN 56537
3
2
2484 ft2
1977
New
21640 WILSON RD
Rent to Own Eligible
 
Single Family Home
Underwood, MN 56586
3
1
568 ft2
1925
New
30067 COUNTY HIGHWAY 1
Rent to Own Eligible
 
Single Family Home
Underwood, MN 56586
3
2
1520 ft2
1973
New
33134 275TH ST
Rent to Own Eligible
 
Single Family Home
Underwood, MN 56586
5
2
2400 ft2
2007
27494 CRAPPIE TRL
Rent to Own Eligible
 
Single Family Home
Underwood, MN 56586
4
2
936 ft2
2011
New
208 E DUNTON ST
Rent to Own Eligible
 
Single Family Home
Battle Lake, MN 56515
4
2
1036 ft2
1916
New
200 Willow Ct
Rent to Own Eligible
 
Townhouse/Condo
Fergus Falls, MN 56537
2
2
1298 ft2
1980
New
200 WILLOW CT #B-3A
Rent to Own Eligible
 
Townhouse/Condo
Fergus Falls, MN 56537
2
2
1298 ft2
1980
1015 S SHERIDAN ST
Rent to Own Eligible
 
Single Family Home
Fergus Falls, MN 56537
3
2
621 ft2
1929
420 E VERNON AVE
Rent to Own Eligible
 
Single Family Home
Fergus Falls, MN 56537
3
2
676 ft2
1915
11000 MORNINGSIDE DR
Rent to Own Eligible
 
Single Family Home
Dalton, MN 56324
4
2
1596 ft2
1977
New
116 N LAKESIDE DR
Rent to Own Eligible
 
Single Family Home
Fergus Falls, MN 56537
3
2
1020 ft2
1951
1 of 18 1115 N OAK ST
Rent to Own Eligible
 
Single Family Home
Fergus Falls, MN 56537
3
2
936 ft2
2019
New
20414 190TH ST
Rent to Own Eligible
 
Single Family Home
Fergus Falls, MN 56537
2
2
1732 ft2
2021
New
32468 COUNTY HIGHWAY 27
Rent to Own Eligible
 
Single Family Home
Erhard, MN 56534
2
2
1434 ft2
1995
1 of 31 119 8TH AVE NE
Rent to Own Eligible
 
Single Family Home
Elbow Lake, MN 56531
3
2
2092 ft2
1959
27866 COUNTY HIGHWAY 88
Rent to Own Eligible
 
Single Family Home
Fergus Falls, MN 56537
3
1
1778 ft2
1997
300 10th Ave SE
Rent to Own Eligible
 
Townhouse/Condo
Pelican Rapids, MN 56572
2
1
1286 ft2
1994
1 of 51 213 DOUGLAS ST
Rent to Own Eligible
 
Single Family Home
Evansville, MN 56326
3
2
1734 ft2
1970
1 of 47 12 2 1/2 ST SE
Rent to Own Eligible
 
Single Family Home
Pelican Rapids, MN 56572
5
1
2688 ft2
1914
34064 COUNTY HIGHWAY 60
Rent to Own Eligible
 
Single Family Home
Frazee, MN 56544
2
2
970 ft2
1945
20071 495TH AVE
Rent to Own Eligible
 
Single Family Home
Henning, MN 56551
2
2
1456 ft2
2009
424 5TH ST SW
Rent to Own Eligible
 
Single Family Home
Perham, MN 56573
3
2
1328 ft2
1951
1 of 51 357 2ND ST SW
Rent to Own Eligible
 
Single Family Home
Perham, MN 56573
7
3
4593 ft2
1894
414 6TH ST NE
Rent to Own Eligible
 
Single Family Home
Perham, MN 56573
2
2
1745 ft2
2004
1 of 28 21013 BROADWATER DR
Rent to Own Eligible
 
Single Family Home
Pelican Rapids, MN 56572
3
1
1216 ft2
1962
997 LINKS WAY N
Rent to Own Eligible
 
Single Family Home
Perham, MN 56573
2
2
1864 ft2
2004
New
23718 S MELISSA DR
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
2
2
1670 ft2
2019
11274 COUNTY ROAD 147
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
3
1
1318 ft2
1930
10604 EAGLE LAKE RD
Rent to Own Eligible
 
Single Family Home
Frazee, MN 56544
4
3
2071 ft2
1977
New
45333 COUNTY HIGHWAY 8
Rent to Own Eligible
 
Single Family Home
Perham, MN 56573
2
2
1320 ft2
1991
New
45215 RED PINE LOOP
Rent to Own Eligible
 
Single Family Home
Perham, MN 56573
3
2
3400 ft2
1965
New
1 of 102 102 ARKANSAS AVE
Rent to Own Eligible
 
Single Family Home
Hoffman, MN 56339
3
2
1912 ft2
1994
12434 LOIS LN
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
2
1
1350 ft2
2014
New
12532 COUNTY HIGHWAY 17
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
2
1
866 ft2
1927
10328 COUNTY HIGHWAY 5
Rent to Own Eligible
 
Single Family Home
Pelican Rapids, MN 56572
6
3
3430 ft2
2005
13520 W LAKE SALLIE DR
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
2
2
2090 ft2
1986
New
12817 DORFF BEACH RD
Rent to Own Eligible
 
Single Family Home
Audubon, MN 56511
3
1
1380 ft2
1965
Hot New
11306 CREEK VIEW DR
Rent to Own Eligible
 
Single Family Home
Pelican Rapids, MN 56572
4
2
3200 ft2
2015
115 ALTAVISTA DR
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
4
2
2364 ft2
2021
New
1 of 41 1048 TIMBER DR
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
3
3
1864 ft2
2001
804 S SHORE DR
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
1
2
2243 ft2
1993
29898 MCHUGH RD
Rent to Own Eligible
 
Single Family Home
Frazee, MN 56544
4
3
2124 ft2
1940
1066 ELM CIR
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
3
3
2048 ft2
2002
Map
Sponsored Link

More Underwood, MN Property Resources

Rent to own Homes in Cities Near Underwood, MN

Browse all Rent to own Homes in Minnesota

Neighborhoods in Underwood, MN

No neighborhoods found

Popular Zip Codes in Underwood, MN

No zip codes found

Buying a Home in Underwood, MN

Underwood, MN is seeing rapid growth and Underwood, MN's' housing market remains optimal with an average home price that is -46% below the 2024 national average. Underwood, MN is part of Otter Tail 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 Otter Tail is 0.66% which is below the national average, which is 0.99%.

Median Home Price in Underwood, MN

Median Rent in Underwood, MN

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