Rent to own Homes in Grand Island, NE

Appreciating values. The values of for-sale and rent to own homes, as well as those not on the market, went up by 12.7% last year in Grand Island. This is more than double the 5.2% median increase for all properties in Nebraska. You can live near a park here; look near Pier Park or Island Oasis Water Park.

Grand Island, NE is a great place for affordable rent-to-own homes! With a median household income of over $56,513 and a median rent of $780, the Grand Island, NE 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 Island, NE. 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 Island, NE rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 126
Hot
1 of 20 4046 ALLEN AVE
Rent To Own
 
Single Family Home
Grand Island, NE 68803
3
2
1592 ft2
1980
1 of 49 922 E SOUTH ST
Rent To Own
 
Single Family Home
Grand Island, NE 68801
5
3
1544 ft2
2004
1 of 49 331 RENEE RD
Rent To Own
 
Single Family Home
Doniphan, NE 68832
5
3
4308 ft2
2010
1 of 29 1404 Dodd Street
Rent To Own
 
Multifamily (2 - 4 Units)
Wood River, NE 68883
3
1
1056 ft2
1983
Hot
1 of 12 823 N BRIGGS AVE
Rent To Own
 
Single Family Home
Hastings, NE 68901
2
1
844 ft2
1940
1 of 10 210 UNIVERSITY ST
Rent To Own
 
Single Family Home
Hastings, NE 68901
4
5
2788 ft2
1912
Hot
1 of 28 701 E LARAE ST
Rent To Own
 
Single Family Home
Kenesaw, NE 68956
3
2
1448 ft2
1980
225 E ASHTON AVE
REO Foreclosure
 
Single Family Home
Grand Island, NE 68801
2
2
1774 ft2
1920
908 W KOENIG ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
2
1
829 ft2
1926
3010 W 10TH ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68803
3
2
1060 ft2
1981
4012 SACRAMENTO CIR
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68803
3
3
1586 ft2
1997
511 W 16TH ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
2
2
947 ft2
1916
1 of 41 272 S KIMBALL ST
Auction
 
Single Family Home
Grand Island, NE 68801
3
2
1112 ft2
1917
305 CHEROKEE AVE
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68803
3
2
1782 ft2
2004
511 HOLCOMB ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
3
3
1363 ft2
1966
2914 CIRCLE DR
Auction
 
Single Family Home
Grand Island, NE 68801
3
2
1400 ft2
1967
Hot
916 E 11TH ST
REO Foreclosure
Lincoln
Single Family Home
Grand Island, NE 68801
2
1
850 ft2
1901
2920 W NORTH FRONT ST
REO Foreclosure
 
Single Family Home
Grand Island, NE 68803
3
1
960 ft2
1981
1 of 20 911 W 11TH ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
1
2
680 ft2
1921
1 of 29 1103 W ANNA ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
2
1
984 ft2
1906
223 N SHADY BEND RD
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
2
1
1734 ft2
1948
331 DODGE ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
2
1
786 ft2
1952
New
203 W 22ND ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
3
2
1308 ft2
1980
New
1836 SHERMAN CT
Auction
 
Single Family Home
Grand Island, NE 68803
3
3
1344 ft2
1981
New
1 of 16 2022 W 4TH ST
Auction
 
Single Family Home
Grand Island, NE 68803
1
1
672 ft2
1916
New
1 of 6 2516 W DIVISION ST
Auction
 
Single Family Home
Grand Island, NE 68803
2
2
810 ft2
1946
New
3 SAINT JAMES PL
Auction
 
Townhouse/Condo
Grand Island, NE 68803
3
2
1271 ft2
1981
New
1 of 40 307 E SOUTH ST
Auction
 
Single Family Home
Grand Island, NE 68801
2
2
1312 ft2
1950
New
1 of 16 818 W 1ST ST
Auction
 
Single Family Home
Grand Island, NE 68801
3
1
1000 ft2
1926
New
4139 NEW MEXICO AVE
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68803
3
3
1661 ft2
2012
New
722 S SYCAMORE ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
2
2
1452 ft2
1916
New
4244 PENNSYLVANIA AVE
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68803
4
2
2034 ft2
1966
627 MEMORIAL DR
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
4
3
1077 ft2
1950
2615 RIVERVIEW DR
REO Foreclosure
 
Single Family Home
Grand Island, NE 68801
3
3
2782 ft2
1993
516 W 11TH ST
Auction
 
Single Family Home
Grand Island, NE 68801
2
1
969 ft2
1870
2108 N GRAND ISLAND AVE
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68803
3
2
1072 ft2
1954
411 CAREY ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68803
2
2
1280 ft2
1941
1 of 25 1403 N GRAND ISLAND AVE
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68803
2
1
744 ft2
1948
724 W 10TH ST
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68801
2
2
988 ft2
1921
1124 W KOENIG ST
Auction
 
Single Family Home
Grand Island, NE 68801
2
1
1175 ft2
1890
308 CHEROKEE AVE S
Pre-Foreclosure (NOD)
 
Single Family Home
Grand Island, NE 68803
3
2
1348 ft2
2014
320 W 10TH ST
REO Foreclosure
 
Single Family Home
Grand Island, NE 68801
6
2
2796 ft2
1897
1 of 5 1311 PARK AVE
Auction
 
Single Family Home
Grand Island, NE 68803
2
1
884 ft2
1954
New
1 of 52 1515 N TAYLOR AVE
Auction
 
Single Family Home
Grand Island, NE 68803
5
3
1758 ft2
1967
Map
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More Grand Island, NE Property Resources

Rent to own Homes in Cities Near Grand Island, NE

Browse all Rent to own Homes in Nebraska

Neighborhoods in Grand Island, NE

Lincoln rent to own homes

Popular Zip Codes in Grand Island, NE

68802 rent to own homes 68801 rent to own homes

Buying a Home in Grand Island, NE

Grand Island, NE is seeing rapid growth and Grand Island, NE's' housing market remains optimal with an average home price that is -32% below the 2024 national average. Grand Island, NE is part of Hall 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 Hall is 1.81% which is above the national average, which is 0.99%.

Median Home Price in Grand Island, NE

Median Rent in Grand Island, NE

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

10 Reasons to Live in Grand Island NE

Not just for the birds. The city provides a convenient gateway to the birding activities of Hall County. Fall and spring are the best times to see local species such as sharp-tailed grouse and prairie chickens. During spring migration, as many as 500,000 cranes stop by the Big Bend Region of the Platte River Valley.

Equine excitement. You can play with the ponies at Fonner Park, which has offered thoroughbred racing since 1954. If you're interested in learning about how to ride or take care of horses, visit the Lazy K Arena, which runs horse-related activities throughout the year.

Make an offer. If you're looking to buy, don't pay attention to the median list price of $144,900, or $111 per square foot. Houses sell for a median $127,100 ($103 per square foot), almost 13% less. An agent from the Grand Island Board of Realtors can tell you if any offerings consist of rent to own houses. Consider looking in one of town's great neighborhoods, like Parkview.

Connecting with culture. The Grand Island Little Theater has been performing popular musicals and live theater since 1960. The Grand Island Concert Association brings classical music to the prairie ranging from Russian pianists to brass ensembles.

Fewer common walls. If your dream is to own a stand-alone house, perhaps with rent to own financing, over 93% of the properties in Grand Island are single-family. The average house has 1,251 square feet and was built in 1967. Like to eat at great restaurants near home? Check out stellar spots like Whiskey Creek Steakhouse and Tommy's Restaurant.

Respecting history. Grand Island preserves much of its past in its downtown buildings. One of the earliest is the Bartenbach Opera House, which was built in 1883 and is now office space. The Grand Theater opened as an Art Deco masterpiece in 1937. It still shows current and classic films and holds events.

Price-cut bargains. About 26% of the houses for sale in Grand Island already have price cuts. The median value of a home in Grand Island is $127,400, putting it between the values of properties in Hastings at $112,200 and Doniphan at $205,000. Consider looking on main residential streets like West Faidley or Bismark Road.

Come to the state fair. Everybody comes to Grand Island during the last week of August because the city is the site of the Nebraska State Fair. You can marvel at agricultural exhibits (complete with live animals), applaud performers in shows, and compete in contests such as food eating.

All kinds of shopping. Want to stroll through the charming individually owned shops of a historic center? Then downtown will satisfy you with a bookstore, antique malls, music supply shop and bakery. Prefer the comfort of a climate-controlled interior? Conestoga Mall has all the trendy chains anchored by such giants as Sears, Dillard's and Best Buy.