Rent to own Homes in Lake Ronkonkoma, NY

Home to the largest freshwater lake on Long Island, Lake Ronkonkoma is the place where myths and legends are born. Many rumors circulate around the community's lake, from the famed story regarding the "Lady of the Lake," pirates taking refuge on the lake's inlet, and even the myth that it is a bottomless body of water. Once a popular summer resort containing nothing more than a few boarding houses, Lake Ronkonkoma now boasts a warm, friendly atmosphere.

Lake Ronkonkoma, NY is a great place for affordable rent-to-own homes! With a median household income of over $91,529 and a median rent of $1,705, the Lake Ronkonkoma, 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 Lake Ronkonkoma, 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 Lake Ronkonkoma, NY rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
351 OLD COUNTRY RD
Rent To Own
 
Single Family Home
Deer Park, NY 11729
3
1
942 ft2
1953
10 Robert Street
Rent To Own
 
Single Family Home
Mastic, NY 11950
3
1
0 ft2
1940
138 The Knoll UNIT 138
Rent To Own
 
Single Family Home
Syosset, NY 11791
3
3
2000 ft2
1982
Hot
1 of 8 173 FARMINGVILLE RD
Rent To Own
 
Single Family Home
Ridgefield, CT 06877
4
4
5440 ft2
1978
1240 FAIRFIELD BEACH RD
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
3
2
1105 ft2
1900
998 FAIRFIELD BEACH RD
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
4
4
2693 ft2
2005
New
756 ROWLAND RD
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
4
3
2296 ft2
1987
1 of 59 8 SHORELINE DR
Rent to Own Eligible
Lordship
Townhouse/Condo
Stratford, CT 06615
3
3
1680 ft2
2017
New
126 CARLYNN DR
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
4
5
3702 ft2
2014
New
159 LALLEY BLVD
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
4
5
3492 ft2
2022
1 of 39 723 S PINE CREEK RD
Rent to Own Eligible
Fairfield Beach
Townhouse/Condo
Fairfield, CT 06824
4
4
2825 ft2
1928
33 RITA AVE
Rent to Own Eligible
Fairfield Beach
Townhouse/Condo
Fairfield, CT 06824
3
3
1561 ft2
1947
New
308 REEF RD
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
4
4
1771 ft2
1914
New
91 SMITH ST
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
4
5
3461 ft2
2016
67 FLORA BLVD
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
3
2
1237 ft2
1947
71 BENSON PL
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
5
5
3928 ft2
2023
1 of 25 376 RUANE ST
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
3
2
1128 ft2
1935
200 OLDFIELD RD
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
2
2
1102 ft2
1939
240 HURD ST
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
4
3
2639 ft2
1939
419 BEACH RD
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
4
4
3612 ft2
1953
New
142 OLDFIELD RD
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
3
3
1831 ft2
1929
915 OLD POST RD
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
6
5
4536 ft2
1912
180 RUANE ST
Rent to Own Eligible
Fairfield Beach
Townhouse/Condo
Fairfield, CT 06824
4
3
2106 ft2
1941
New
417 RIVERSIDE DR
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
3
2
954 ft2
1953
115 Short Beach Rd
Rent to Own Eligible
 
Townhouse/Condo
Stratford, CT 06615
1
1
624 ft2
1984
1099 PEQUOT AVE
Rent to Own Eligible
 
Single Family Home
Southport, CT 06890
5
7
11078 ft2
1996
1 of 25 75 OLD SOUTH RD
Rent to Own Eligible
 
Single Family Home
Southport, CT 06890
5
5
5016 ft2
2022
129 BARTRAM AVE
Rent to Own Eligible
Black Rock
Single Family Home
Bridgeport, CT 06605
3
1
1756 ft2
1923
36 LINDBERGH ST
Rent to Own Eligible
Fairfield Beach
Single Family Home
Fairfield, CT 06824
4
3
2128 ft2
1995
245 UNQUOWA RD #60
Rent to Own Eligible
 
Townhouse/Condo
Fairfield, CT 06824
2
2
1058 ft2
1964
2180 KINGS HWY #1
Rent to Own Eligible
 
Townhouse/Condo
Fairfield, CT 06824
3
3
1709 ft2
2016
New
1 of 51 132 PEQUOT AVE
Rent to Own Eligible
 
Single Family Home
Southport, CT 06890
2
2
1048 ft2
1884
New
214 BREAKERS LN
Rent to Own Eligible
 
Townhouse/Condo
Stratford, CT 06615
2
2
1525 ft2
1988
New
3 MAPLE LN
Rent to Own Eligible
Westport
Single Family Home
Westport, CT 06880
5
6
5268 ft2
1986
325 Lafayette St
Rent to Own Eligible
South End
Townhouse/Condo
Bridgeport, CT 06604
2
1
879 ft2
1890
New
160 DEKALB AVE
Rent to Own Eligible
East End
Townhouse/Condo
Bridgeport, CT 06607
4
3
1539 ft2
1867
342 GREENS FARMS RD
Rent to Own Eligible
Westport
Single Family Home
Westport, CT 06880
4
5
6600 ft2
1861
46-50 WORDIN AVE
Rent to Own Eligible
West End - West Side
Townhouse/Condo
Bridgeport, CT 06605
6
3
3030 ft2
1907
237 HANSEN AVE
Rent to Own Eligible
 
Single Family Home
Bridgeport, CT 06605
3
2
1508 ft2
1948
New
107 MILL HILL LN
Rent to Own Eligible
 
Single Family Home
Southport, CT 06890
5
5
5021 ft2
1909
20 GUZZI DR
Rent to Own Eligible
 
Single Family Home
Stratford, CT 06615
3
1
1040 ft2
1977
New
50 STONE RIDGE WAY #2F
Rent to Own Eligible
 
Townhouse/Condo
Fairfield, CT 06824
3
3
1742 ft2
2005
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11779 rent to own homes

Buying a Home in Lake Ronkonkoma, NY

Lake Ronkonkoma, NY is seeing rapid growth and Lake Ronkonkoma, NY's' housing market remains not optimal with an average home price that is 70% above the 2024 national average. Lake Ronkonkoma, NY is part of Suffolk 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 Suffolk is 1.7% which is above the national average, which is 0.99%.

Median Home Price in Lake Ronkonkoma, NY

Median Rent in Lake Ronkonkoma, NY

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

Top 6 Reasons to Live in Lake Ronkonkoma, NY

Enjoy natural beauty! What better way to spend those hot summer days than enjoying fresh air and plenty of water activities on Lake Ronkonkoma? The lake offers several species of fish ranging from Largemouth Bass to Black Crappie, Yellow Perch, Walleye and more. Raynor Beach County Park offers pathways for leisurely strolls and early morning jogs bathed in the sounds and smells of nature.

A steady market! Over the past five years, the housing market in Lake Ronkonkoma has remained remarkably steady. Finding a rent to own home here is a safe bet on a good return later. Use The Moving Doctor or Astro Moving & Storage when you're ready to make your stay here permanent.

Great food! For a casual experience that satisfies a desire for a hot slice of gooey, cheese covered pizza, hit up Gino's of Ronkonkoma, which offers a variety of pizzas, meatball sandwiches, pastas, salads and even appetizers. For something a little more luxurious, checking out Lake Ronkonkoma's famed restaurant Windows on the Lake, which is also one of the hottest wedding venues in the area.

Enjoy community activities! Lake Ronkonkoma hosts a wide range of events such as the Annual Celebrity Softball Game, Annual Clam Bake, Annual Taste of Ronkonkoma and Annual Ronkonkoma Street Fair. The Annual Celebrity Softball Game has previously featured the faces of Claudia Welles from Back to the Future, Babe Ruth's granddaughter, Linda Ruth Tosetti, and former Yankee Frank Tepedino.

Affordable homes to rent! For those interested in renting a home, Lake Ronkonkoma has plenty to offer. Find houses ranging from $1,400 a month for a 1-bedroom to just $2,400 a month for a 3-bedroom. Many of them come steeped in historic value thanks to two local museums run by the Lake Ronkonkoma Historical Society. The first is Fitz-Greene Hallock Homestead Museum, which contains all the original furnishings left behind by the Hallock family. Finally, there is the Lake Ronkonkoma Historical Society Museum featuring various Native American artifacts and memorabilia.

Live for adventure! One of the greatest reasons rent to live in Lake Ronkonkoma is the fact that the area offers plenty of adventure. Lake Ronkonkoma Beach provides residents with the chance to get out and about for a picnic, a day at the park and daily beach access (weather permitting, of course). Indian Island County Park is situated close to many homes throughout Lake Ronkonkoma and offers hiking, camping, fishing and a wide variety of other outdoor activities for residents of any age to enjoy.