Rent to own Homes in Lakewood, OH

A desirable location! Cleveland's Scene Magazine named Lakewood the Best Suburb in Cleveland in 2011, and Travel + Leisure Magazine named it one of the top 10 Suburbs in the USA. With its location 6 miles outside of Cleveland, it's obvious why people want to rent to own houses there, whether they choose to live in Birdtown, Clifton Park or one of Lakewood's other neighborhoods.

Lakewood, OH is a great place for affordable rent-to-own homes! With a median household income of over $54,487 and a median rent of $813, the Lakewood, OH 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 Lakewood, OH. 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 Lakewood, OH rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
6336 ALMONT DR
Rent To Own
 
Single Family Home
Brookpark, OH 44142
3
2
1164 ft2
1961
Hot
9430 COLUMBIA RD
Rent To Own
 
Single Family Home
Olmsted Falls, OH 44138
3
1
1460 ft2
1925
4127 E 114TH ST
Rent To Own
Union - Miles Park
Single Family Home
Cleveland, OH 44105
4
1
1312 ft2
1915
13704 CARPENTER RD
Rent To Own
 
Single Family Home
Cleveland, OH 44125
3
1
1596 ft2
1962
3606 MENLO RD
Rent To Own
 
Single Family Home
Cleveland, OH 44120
4
1
1840 ft2
1923
9745 SHENANDOAH DR
Rent To Own
 
Single Family Home
Brecksville, OH 44141
4
4
4670 ft2
1984
Hot
3432 DESOTA AVE
Rent To Own
 
Single Family Home
Cleveland, OH 44118
3
3
1563 ft2
1910
2880 Warrensville Rd
Rent To Own
 
Single Family Home
Beachwood, OH 44122
4
3
2592 ft2
1958
1 of 30 20438 ALMAR DR
Rent To Own
 
Single Family Home
Shaker Heights, OH 44122
3
2
1700 ft2
1912
817 COLONY DR
Rent To Own
 
Single Family Home
Cleveland, OH 44143
3
2
2186 ft2
1950
Hot
2138 LARKMOOR ST
Rent To Own
East Lorain
Single Family Home
Lorain, OH 44052
3
2
925 ft2
1962
719 EVANS AVE
Rent To Own
North Hill
Single Family Home
Akron, OH 44310
2
1
958 ft2
1927
1214 E ARCHWOOD AVE
Rent To Own
East Akron
Single Family Home
Akron, OH 44306
5
2
1564 ft2
1915
11850 Edgewater Dr 108
Rent To Own
 
Townhouse/Condo
Lakewood, OH 44107
1
1
707 ft2
1952
17113 MADISON AVE
Rent To Own
 
Single Family Home
Lakewood, OH 44107
2
2
1080 ft2
1951
1 of 17 1053 LAKELAND AVE
Rent To Own
 
Single Family Home
Lakewood, OH 44107
3
3
2046 ft2
1922
1463 COUTANT AVE
Rent To Own
 
Single Family Home
Lakewood, OH 44107
3
1
1370 ft2
1893
Hot
1285 ARLINGTON RD
Rent To Own
 
Single Family Home
Lakewood, OH 44107
3
2
1384 ft2
1920
3464 GRANTON AVE
Rent To Own
Kamm's Corners
Multifamily (5+ Units)
Cleveland, OH 44111
4
2
2052 ft2
1928
1 of 12 2940 Pease Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Rocky River, OH 44116
2
2
895 ft2
Hot New
1 of 3 7903 ELTON AVE
Rent To Own
Detroit - Shoreway
Single Family Home
Cleveland, OH 44102
2
1
1000 ft2
1915
Hot
1 of 9 4481 W 172ND ST
Rent To Own
Riverside
Single Family Home
Cleveland, OH 44135
3
1
1268 ft2
1928
1 of 25 8508 SAYBROOK DR
Rent To Own
 
Single Family Home
Cleveland, OH 44144
4
3
1462 ft2
1967
1858 W 52ND ST
Rent To Own
Detroit - Shoreway
Single Family Home
Cleveland, OH 44102
2
2
1614 ft2
1910
2149 W 41ST ST
Rent To Own
Ohio City
Single Family Home
Cleveland, OH 44113
3
3
2323 ft2
2000
Hot
1 of 10 24744 LAKE RD
Rent To Own
 
Single Family Home
Bay Village, OH 44140
5
2
13900 ft2
2021
1 of 7 10221 EUREKA PKWY
Rent To Own
 
Single Family Home
Cleveland, OH 44130
3
2
1884 ft2
1952
1 of 27 2598 W 11TH ST
Rent To Own
Tremont
Multifamily (5+ Units)
Cleveland, OH 44113
4
3
2375 ft2
1891
2098 W 7th St
Rent To Own
Tremont
Single Family Home
Cleveland, OH 44113
2
3
2252 ft2
2007
4475 SILVERDALE RD
Rent To Own
 
Single Family Home
North Olmsted, OH 44070
3
2
1257 ft2
1933
Hot
1 of 26 1809 KEYSTONE RD
Rent To Own
 
Single Family Home
Cleveland, OH 44134
3
2
1331 ft2
1920
Hot
9616 W PLEASANT VALLEY RD
Rent To Own
 
Single Family Home
Cleveland, OH 44130
3
2
1116 ft2
1952
1 of 30 29230 OSBORN RD
Rent To Own
 
Single Family Home
Bay Village, OH 44140
3
3
1618 ft2
1954
7711 DELAWARE DR
Rent To Own
 
Single Family Home
Cleveland, OH 44130
4
2
2261 ft2
1971
440 PROSPECT ST
Rent To Own
 
Single Family Home
Berea, OH 44017
2
1
776 ft2
1860
1 of 6 7209 WARD RD
Rent To Own
 
Single Family Home
Cleveland, OH 44134
3
2
1369 ft2
1963
1 of 34 2116 GEORGIA DR
Rent To Own
 
Single Family Home
Westlake, OH 44145
4
3
3192 ft2
1980
Hot
6011 KENYON AVE
Rent To Own
North Broadway
Single Family Home
Cleveland, OH 44105
3
2
1624 ft2
1900
Hot
1401 E 61ST ST
Rent To Own
Hough
Single Family Home
Cleveland, OH 44103
3
1
1050 ft2
1880
13453 MAPLE BROOK TRL
Rent To Own
 
Single Family Home
Strongsville, OH 44136
3
3
3017 ft2
1991
1 of 22 10319 FORESTVIEW DR
Rent To Own
 
Single Family Home
Strongsville, OH 44136
4
4
2756 ft2
1988
Hot
1 of 15 27018 VALESIDE LN
Rent To Own
 
Single Family Home
Olmsted Twp, OH 44138
3
3
1869 ft2
1995
Hot
1 of 31 14027 TIMBER LAKE DR
Rent To Own
 
Single Family Home
Strongsville, OH 44136
4
3
2570 ft2
1995
Hot
11118 RICHLAND DR
Rent To Own
 
Single Family Home
North Royalton, OH 44133
3
3
1850 ft2
2010
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Neighborhoods in Lakewood, OH

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Popular Zip Codes in Lakewood, OH

44107 rent to own homes

Buying a Home in Lakewood, OH

Lakewood, OH is seeing rapid growth and Lakewood, OH's' housing market remains optimal with an average home price that is -21% below the 2024 national average. Lakewood, OH is part of Cuyahoga 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 Cuyahoga is 1.93% which is above the national average, which is 0.99%.

Median Home Price in Lakewood, OH

Median Rent in Lakewood, OH

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

Top 11 Reasons to Live in Lakewood

A renter's paradise! Lakewood was listed No. 83 on city-data.com's list of "Top 100 cities with highest percentage of renters." With renters making up 50.24% of the population, it's clearly a great place to find a rental home or a place that would be great to rent to own. To stay close to the action, choose a home in The Edge or the Gold Coast communities.

Outdoor excitement! Lakewood Park is one of the largest lakefront parks in Ohio, and more than 150 acres of parks exist within the city, including parts of the Rocky River Reservation of the Cleveland MetroParks. The Lakewood Dog Park offers off-leash fun for furry friends.

Nice-sized vacancy rate! With a vacancy rate of 11.3% in the community, there are plenty of places to find a home in Lakewood. One such neighborhood includes the Gold Coast, which features high rise apartments and condominiums along the coast of Lake Erie, and offers a lovely view of downtown Cleveland. It won't be a problem to find a rent to own home in the city.

Shopping! Median rent is an affordable $605 per month. That will leave you more money to spend at boutiques like Turnstyle or Mellow Yellow.

Alternative transportation is valued! Lakewood is a city with walkability -- it was recently named the Most Walkable City in Ohio. The community is also on the Cleveland Regional Transit Authority (RTA) bus routes, with stops on Riverside Drive/West Clifton Boulevard, and has a bicycling lane to encourage alternative transportation.

Home prices are up! When it comes time to put up your house for sale, Lakewood is in a great location to get the most for it, with a 2-5 year price gain of 1.43%. Don't be surprised if you never want to move from such great neighborhoods like West End or Rockport Square.

Arts and culture for everyone! The Beck Center for the Arts is the largest cultural center in Northeast Ohio, with offerings from plays, concerts and art shows. Galleries such as Breakneck Gallery and the Pop Shop Gallery are popular hangouts for the artistic crowd. The Lakewood Civic Auditorium is a popular concert venue for both local and national acts.

Eat and drink well! Lakewood has some outstanding restaurants and bars, including Melt Bar & Grilled, which features incredible gourmet grilled cheese sandwiches, and has been featured on national television shows and magazines. Aladdin's Eatery offers Mediterranean fare, as well as varied choices for vegetarians, which is a plus for the city with the highest concentration of vegetarians and vegans in Northeast Ohio.

Everything old is new again! Vintage clothing shops are everywhere in and around Lakewood. Future No Future and the enormous Chelsea's are among the best.

Everybody lives there! Okay, not everybody, but it is the third largest city in Cuyahoga County, and its population density is the highest of any city in Ohio. Find your home along Clifton Boulevard or Madison Avenue.