Rent to own Homes in Warwick, RI

Warwick, Rhode Island, is an ideal city to make your home. A large park, a small beach and a collection of cozy villages give the city the feel of a small community, while the airport and train station make it easy to connect with the rest of the world. Crime rates are relatively low, considering its population of over 80,000 people, and the Warwick Public Schools system is well-regarded throughout the state. The city has endless shopping options, including the popular Warwick Mall. In fact, people come from all over for major purchases, as the city has major car dealers, appliance stores and discount retailers in one area.

Warwick, RI is a great place for affordable rent-to-own homes! With a median household income of over $73,285 and a median rent of $1,168, the Warwick, RI 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 Warwick, RI. 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 Warwick, RI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1 of 4 2128 HARTFORD AVE
Rent To Own
Bishop Heights
Single Family Home
Johnston, RI 02919
3
1
1080 ft2
1950
247 GROSVENOR AVE
Rent To Own
North Providence
Single Family Home
North Providence, RI 02904
2
2
959 ft2
1953
54 ACRES OF PINE RD
Rent To Own
 
Single Family Home
Coventry, RI 02816
2
2
1440 ft2
1940
1 of 37 81 BAILEY HILL RD
Rent to Own Eligible
 
Single Family Home
Danielson, CT 06239
3
2
1456 ft2
1988
New
46 RIVER RD
Rent to Own Eligible
 
Single Family Home
Sterling, CT 06377
2
1
1125 ft2
1790
Hot
1386 NORTH RD
Rent to Own Eligible
 
Single Family Home
Dayville, CT 06241
3
2
2877 ft2
1990
349 BEACH POND RD
Rent to Own Eligible
 
Single Family Home
Voluntown, CT 06384
3
4
2882 ft2
2009
1 of 29 109 STERLING RD
Rent to Own Eligible
 
Single Family Home
Sterling, CT 06377
2
1
768 ft2
1965
233 SNAKE MEADOW RD
Rent to Own Eligible
 
Single Family Home
Moosup, CT 06354
3
2
2224 ft2
1996
1 of 24 42 BROOKSIDE DR
Rent to Own Eligible
 
Single Family Home
Dayville, CT 06241
3
2
1541 ft2
2015
Hot New
82 PENDLETON HILL RD
Rent to Own Eligible
 
Single Family Home
Voluntown, CT 06384
4
2
1550 ft2
1962
Hot New
185 LAKE ST
Rent to Own Eligible
 
Single Family Home
Moosup, CT 06354
3
1
1092 ft2
1984
Hot
1 of 5 552 SQUAW ROCK RD
Rent to Own Eligible
 
Single Family Home
Moosup, CT 06354
3
2
1732 ft2
1987
3 WEEKS LN
Rent to Own Eligible
 
Single Family Home
Dayville, CT 06241
2
1
640 ft2
1945
1 of 10 4 Starling Ct
Rent to Own Eligible
 
Single Family Home
Killingly, CT 06239
2
2
1292 ft2
2017
424 QUADDICK RD
Rent to Own Eligible
 
Single Family Home
Thompson, CT 06277
2
1
1076 ft2
1880
1 of 50 38 WESTFIELD AVE
Rent to Own Eligible
 
Single Family Home
Danielson, CT 06239
4
2
1764 ft2
1951
New
143 SPICER RD
Rent to Own Eligible
 
Single Family Home
Thompson, CT 06277
4
4
1664 ft2
1981
1 of 15 1090 DAVIS AVE
Rent to Own Eligible
 
Single Family Home
Danielson, CT 06239
3
1
1120 ft2
1957
16 TIFFANY ST
Rent to Own Eligible
 
Townhouse/Condo
Brooklyn, CT 06234
8
2
2163 ft2
1820
133 COLONIAL RD
Rent to Own Eligible
 
Single Family Home
Plainfield, CT 06374
4
1
864 ft2
1993
New
457 LIBERTY HWY
Rent to Own Eligible
 
Single Family Home
Putnam, CT 06260
3
3
3499 ft2
2004
1 of 4 437 PROVIDENCE RD
Rent to Own Eligible
 
Single Family Home
Brooklyn, CT 06234
4
1
1609 ft2
1948
New
7-11 PACKERVILLE RD
Rent to Own Eligible
 
Townhouse/Condo
Plainfield, CT 06374
9
3
1680 ft2
1917
Hot New
35-37 N CHESTNUT ST
Rent to Own Eligible
 
Townhouse/Condo
Plainfield, CT 06374
6
3
2331 ft2
1860
70 PERRY ST #136
Rent to Own Eligible
 
Townhouse/Condo
Putnam, CT 06260
3
2
1588 ft2
1989
1 of 39 1 MORGAN ST
Rent to Own Eligible
 
Townhouse/Condo
Pawcatuck, CT 06379
2
1
948 ft2
1985
New
21 DAWN LN
Rent to Own Eligible
 
Single Family Home
Brooklyn, CT 06234
3
3
1515 ft2
1986
Hot
57 PACKERVILLE RD
Rent to Own Eligible
 
Single Family Home
Plainfield, CT 06374
2
1
1189 ft2
1920
98 RILL BROOK RD
Rent to Own Eligible
 
Single Family Home
Jewett City, CT 06351
3
2
1152 ft2
1938
57 PEQUOT TRL
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
4
2
1288 ft2
1969
1 of 9 354 WILSONVILLE RD
Rent to Own Eligible
 
Single Family Home
North Grosvenordale, CT 06255
2
2
1008 ft2
1972
New
16 DUDLEY ST
Rent to Own Eligible
 
Single Family Home
Putnam, CT 06260
3
2
1472 ft2
1994
Hot
28 HUNTINGTON ST
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
3
2
1459 ft2
1984
94 PROVIDENCE RD
Rent to Own Eligible
 
Single Family Home
Brooklyn, CT 06234
4
4
4000 ft2
1753
1 of 25 50 Richmond Rd
Rent to Own Eligible
 
Single Family Home
Putnam, CT 06260
2
2
1259 ft2
2004
New
371 GREENHAVEN RD
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
3
2
1188 ft2
1965
1 of 34 4 TERRY LN
Rent to Own Eligible
 
Single Family Home
Plainfield, CT 06374
3
3
2382 ft2
1976
Hot
58 CLARENCE AVE
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
5
3
2588 ft2
1982
New
38 BUCKLEY HILL RD
Rent to Own Eligible
 
Single Family Home
North Grosvenordale, CT 06255
5
1
1860 ft2
1912
33 BRUCKER PENTWAY
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
3
2
1526 ft2
1979
58 JOHNSON COVE RD
Rent to Own Eligible
 
Single Family Home
Jewett City, CT 06351
4
3
2400 ft2
2004
55 LAKE OF ISLES RD
Rent to Own Eligible
 
Single Family Home
North Stonington, CT 06359
3
2
1714 ft2
2017
Hot
166 ELMDALE RD
Rent to Own Eligible
 
Single Family Home
Canterbury, CT 06331
4
3
2966 ft2
1996
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Buying a Home in Warwick, RI

Warwick, RI is seeing rapid growth and Warwick, RI's' housing market remains not optimal with an average home price that is 10% above the 2024 national average. Warwick, RI is part of Kent 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 Kent is 1.42% which is above the national average, which is 0.99%.

Median Home Price in Warwick, RI

Median Rent in Warwick, RI

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

Top Reasons to Live in Warwick RI

Housing Statistics Over the past year, the median home sale price in Warwick was $160,100, which is up by nearly $20,000 when compared to the previous year. This includes data from the 289 house sales transactions that took place, a number that has decreased somewhat since the year before. Just under 75 percent of the homes in Warwick are owner-occupied, and rental properties include a nice mix of both homes and apartments of every size. The median rent is approximately $1,000, which is slightly higher than the state average. Vacancy rate is 5.6 percent and mostly made up of rental homes. That works out nicely for both homeowners and those looking to rent, because there are many rental and purchase opportunities. With the tightening of credit over the past few years, some homeowners are offering a rent to own plan, which takes the pressure of buying and selling off the table.

Shopping in the City When it comes to shopping, anything you could possibly want is available in a short drive, as Warwick is home to many chain and box stores. Some of the more popular businesses even have two locations in the city. The busy Warwick Mall has a variety of large and small shops, as well as a food court and a carousel to entertain the kids. Pawtuxet Village Farmers' Market offers fresh produce, and Warwick Commons, Bald Hill Place, and Warwick Center offer many shopping opportunities in one place. Some of the neighborhoods offer specialty boutiques, such as Becky Brosco Salon & Boutique and Yris Bridal Design, and there are several areas that feature small-town style Main Streets, with coffee shops, antique stores, hair salons and individually-owned businesses.

Entertainment and Nightlife Warwick has a selection of clubs catering to any imaginable music taste, ranging from country to heavy metal. Other folks frequent the sports bars and local watering holes, such as the Nostalgia Grille & Lounge, Fat Belly's Pub, and Sports View Bar. Those who prefer theater take a 15-minute drive to nearby Providence, where the nationally recognized Trinity Repertory Theater makes its home, along with the Providence Performing Arts Center and the Veteran's Memorial Auditorium.

Choosing a Neighborhood Moving to Warwick is surprisingly easy, considering its popularity. There are 10 distinct neighborhoods, so there is something for every taste and price range. Here are a few of Warwick's main neighborhoods: