Rent to own Homes in Lackawanna, NY

Lackawanna, New York was once a part of the Buffalo Creek Reservation and was inhabited by the Seneca Indians, who sold it in 1842. The resulting town was called West Seneca or Limestone Hill. In the 20th century, steel manufacturing was king, and nearly 20,000 residents held jobs in the steel industry. Today, Lackawanna is home to more than 18,000 residents who take advantage of a low unemployment rate and reasonable home prices.

Lackawanna, NY is a great place for affordable rent-to-own homes! With a median household income of over $39,984 and a median rent of $713, the Lackawanna, NY 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 Lackawanna, NY. 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 Lackawanna, NY rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
18 DONLEN DR
Rent To Own
Pine Hill
Single Family Home
Buffalo, NY 14225
3
1
896 ft2
1946
Hot
1345 WHITNEY AVE
Rent To Own
Little Italy
Single Family Home
Niagara Falls, NY 14301
2
1
1120 ft2
1910
Hot
1 of 16 3558 HORTON AVE
Rent To Own
 
Single Family Home
Buffalo, NY 14219
3
2
1626 ft2
1978
1 of 45 674 MCKINLEY PKWY
Rent To Own
Abbott McKinley
Single Family Home
Buffalo, NY 14220
5
2
2410 ft2
1899
44 PARKVIEW AVE
Rent To Own
Cazenovia Park
Townhouse/Condo
Buffalo, NY 14210
8
3
2864 ft2
1910
1 of 30 7 green meadow
Rent To Own
West Seneca
Multifamily (2 - 4 Units)
West Seneca, NY 14224
3
2
1500 ft2
1963
1 of 21 4625 LOGANS LN
Rent To Own
 
Single Family Home
Hamburg, NY 14075
4
3
2112 ft2
2018
782 SMITH ST
Rent To Own
Emslie
Townhouse/Condo
Buffalo, NY 14206
3
1
1570 ft2
1900
205 SHARON DR
Rent To Own
West Seneca
Single Family Home
Buffalo, NY 14224
3
2
2280 ft2
1969
Hot
48 FAIRELM LN
Rent To Own
 
Townhouse/Condo
Buffalo, NY 14227
6
2
2350 ft2
1965
Hot
1 of 32 4897 BEST ST
Rent To Own
 
Single Family Home
Hamburg, NY 14075
3
3
1803 ft2
1965
Hot
1 of 50 328 WOODBRIDGE AVE
Rent To Own
North Park
Single Family Home
Buffalo, NY 14214
5
4
3112 ft2
1921
29 PROGRESSIVE AVE
Rent To Own
Riverside Park
Single Family Home
Buffalo, NY 14207
5
2
1834 ft2
1900
362 WINDERMERE BLVD
Rent To Own
Eggertsville
Townhouse/Condo
Buffalo, NY 14226
5
2
2048 ft2
1934
Hot
1 of 29 129 PARKWOOD DR
Rent To Own
 
Single Family Home
Buffalo, NY 14226
3
3
1863 ft2
1953
Hot
1 of 28 14 HAMPTON CT
Rent To Own
 
Single Family Home
Lancaster, NY 14086
3
4
1978 ft2
1994
730 HIGHLAND AVE
Rent To Own
Lincoln Park
Single Family Home
Buffalo, NY 14223
3
1
1154 ft2
1950
166 E SOMERSET AVE
Rent To Own
Brighton
Single Family Home
Tonawanda, NY 14150
3
2
1568 ft2
1951
Hot
1 of 11 145 BROOKLANE DR
Rent To Own
 
Single Family Home
Buffalo, NY 14221
4
2
2022 ft2
1964
Hot
1 of 14 43 MICHAELS WALK
Rent To Own
 
Single Family Home
Lancaster, NY 14086
3
3
2050 ft2
1996
Hot
1 of 20 165 FOREST HILL DR
Rent To Own
 
Single Family Home
Buffalo, NY 14221
3
2
1285 ft2
1958
1 of 30 268 BELVOIR RD
Rent To Own
 
Single Family Home
Buffalo, NY 14221
4
3
2678 ft2
1969
4252 FOXWOOD LN
Rent To Own
Harris Hill
Single Family Home
Buffalo, NY 14221
4
3
2340 ft2
1999
Hot
1 of 13 75 GUILFORD LN #8
Rent To Own
 
Townhouse/Condo
Buffalo, NY 14221
2
2
1160 ft2
1968
Hot
1 of 23 4583 CHESTNUT RIDGE RD #12
Rent To Own
 
Townhouse/Condo
Buffalo, NY 14228
2
2
1153 ft2
1988
Hot
1 of 32 97 GREENTREE RD
Rent To Own
Green Acres North
Single Family Home
Tonawanda, NY 14150
3
2
1015 ft2
1958
Hot
1 of 21 8340 VERNON CIR
Rent To Own
Harris Hill
Single Family Home
Buffalo, NY 14221
3
2
1250 ft2
1952
1 of 8 2085 Boies Rd
Rent To Own
 
Multifamily (2 - 4 Units)
East Aurora, NY 14052
3
3
1586 ft2
2014
1 of 9 54 Foxberry Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Getzville, NY 14068
1
1
620 ft2
1988
1153 W RIVER RD
Rent To Own
 
Single Family Home
Grand Island, NY 14072
3
2
2203 ft2
1956
210 SAN FERNANDO LN
Rent To Own
 
Single Family Home
East Amherst, NY 14051
4
3
2065 ft2
1998
Hot
1 of 29 11083 COLEMAN RD
Rent To Own
 
Single Family Home
Elma, NY 14059
3
1
1352 ft2
1965
1 of 2 349 FREDERICKA ST
Rent To Own
North Tonawanda
Townhouse/Condo
North Tonawanda, NY 14120
4
2
1664 ft2
1954
Hot
1 of 2 353 FREDERICKA ST
Rent To Own
North Tonawanda
Townhouse/Condo
North Tonawanda, NY 14120
4
2
1664 ft2
1955
Hot
1 of 16 499 KOHL ST
Rent To Own
North Tonawanda
Single Family Home
North Tonawanda, NY 14120
2
2
784 ft2
1953
11455 CARY RD
Rent To Own
 
Single Family Home
Alden, NY 14004
3
3
1418 ft2
1954
Hot
1 of 21 3218 RACHELLE DR
Rent To Own
 
Single Family Home
North Tonawanda, NY 14120
3
2
1669 ft2
1992
Hot
1 of 17 8421 BUFFALO AVE #1
Rent To Own
LaSalle
Townhouse/Condo
Niagara Falls, NY 14304
2
1
950 ft2
1970
6937 PLAZA DR
Rent To Own
 
Townhouse/Condo
Niagara Falls, NY 14304
9
4
3468 ft2
1995
1 of 29 200 70TH ST
Rent To Own
LaSalle
Single Family Home
Niagara Falls, NY 14304
3
1
1228 ft2
1939
Hot
1 of 24 8870 SESH RD
Rent To Own
 
Single Family Home
Clarence Center, NY 14032
3
2
2098 ft2
1950
1 of 23 2422 NIAGARA RD
Rent To Own
 
Single Family Home
Niagara Falls, NY 14304
3
2
1288 ft2
1930
45 MAPLE AVE
Rent To Own
 
Single Family Home
Springville, NY 14141
2
1
1208 ft2
1925
13695 NORTH RD
Rent To Own
 
Single Family Home
Alden, NY 14004
5
2
2240 ft2
1947
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Popular Zip Codes in Lackawanna, NY

14218 rent to own homes

Buying a Home in Lackawanna, NY

Lackawanna, NY is seeing rapid growth and Lackawanna, NY's' housing market remains optimal with an average home price that is -54% below the 2024 national average. Lackawanna, NY is part of Erie 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 Erie is 2.65% which is above the national average, which is 0.99%.

Median Home Price in Lackawanna, NY

Median Rent in Lackawanna, NY

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

Top 5 Reasons to Live in Lackawanna, New York

Reasonable home prices! If you thought homes weren't affordable in New York, think again: the median home cost in Lackawanna is just $82,000, which is almost $90,000 less than the national average. For the most reasonable home prices, look in the South Park/Kirby Avenue neighborhood, where you'll find single family homes from $52,000. You'll also find the Rite Aid Pharmacy and the Beef and Ale Restaurant nearby.

Excellent cost of living! Residents of Lackawanna enjoy a cost of living that is nearly 20 percent less than the national average. While utilities are slightly higher than average and transportation costs remain about the same, housing and grocery prices more than make up the difference. When you're running on empty, get your fridge stocked at Supervalu or Save-A-Lot.

Home vacancies are abundant! When you're searching for your new rent to own property, you'll have plenty of options, particularly if you search in the Hamburg Turnpike neighborhood, where you'll find Orlando Automotive and the Lackawanna Halal Market. Vacancies are at 16.7 percent, ensuring that you'll find your dream home for a decent price.

Proximity to Buffalo! Residents of Lackawanna only need to travel a short distance to reach the county seat of Erie County. Travel time is about ten minutes from Lackawanna to Buffalo, and residents can easily take advantage of all the amenities the larger city can provide. For those who'd rather keep it local, relax at Buffalo and Erie County Botanical Gardens or grab a drink at Cagneys Too.

Enjoy recreation options in Lackawanna! You don't have to travel to Buffalo for your daily dose of culture and fun. Lackawanna provides several options for rest and relaxation. A city-sponsored softball league convenes seasonally for some fun in the sun. If you'd rather stay indoors, catch an event at the Lackawanna Veterans Stadium or visit the beautiful Our Lady of Victory Basilica.