Rent to own Homes in Katy, TX

Originally known as Cane Island, it took awhile for Katy to be settled, thanks in large part to the extreme summer temperatures, thick mud and hungry mosquitoes. It wasn't until the Missouri-Kansas-Texas Railroad began running through the area in 1895 that the town began to grow and the name was changed to Katy, the railroad's nickname. The area has continued to grown and today the city of Katy counts more than 15,000 residents while the greater Katy area has almost 270,000 people that call it home.

Katy, TX is a great place for affordable rent-to-own homes! With a median household income of over $87,179 and a median rent of $1,147, the Katy, TX 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 Katy, TX. 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 Katy, TX rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
23706 WELCH HOUSE LN
Rent To Own
 
Single Family Home
Katy, TX 77493
4
3
2496 ft2
1999
Hot
21510 BIG WOOD SPRINGS DR
Rent To Own
Memorial Parkway
Single Family Home
Katy, TX 77450
4
3
2495 ft2
1994
Hot
1 of 13 8019 BUNCH GRASS LN
Rent To Own
 
Single Family Home
Richmond, TX 77406
5
3
3739 ft2
2016
5814 LE CARPE PLANTATION CT
Rent To Own
Plantation Lakes
Single Family Home
Katy, TX 77449
4
4
2451 ft2
2010
16307 LEAMINGTON LN
Rent To Own
Copperfield
Single Family Home
Houston, TX 77095
3
3
2145 ft2
1985
6723 MORNINGSIDE DR
Rent To Own
Sugar Land
Single Family Home
Sugar Land, TX 77479
4
3
2402 ft2
1989
519 SPRING FLOWER CT
Rent To Own
 
Single Family Home
Richmond, TX 77469
4
4
2517 ft2
2020
3100 JEANETTA ST #1001
Rent To Own
Woodlake - Briar Meadow
Townhouse/Condo
Houston, TX 77063
2
2
1184 ft2
1980
6249 WILLERS WAY
Rent To Own
Great Uptown
Single Family Home
Houston, TX 77057
3
2
2160 ft2
1955
Hot
1 of 5 5531 PINE ST #D
Rent To Own
 
Single Family Home
Houston, TX 77081
3
4
2481 ft2
2014
18515 GLENN HAVEN ESTATES DR
Rent To Own
 
Single Family Home
Spring, TX 77379
4
4
3762 ft2
2006
4102 SHERWOOD LN #8
Rent To Own
Lazy Brook - Timbergrove
Townhouse/Condo
Houston, TX 77092
3
2
1120 ft2
1967
Hot
1 of 7 6622 ROCKERGATE DR
Rent To Own
Fort Bend Houston
Single Family Home
Missouri City, TX 77489
4
3
2198 ft2
1978
Hot
1 of 42 2711 SEABOLD DR
Rent To Own
 
Single Family Home
Missouri City, TX 77459
4
4
2604 ft2
2014
6120 MAXIE ST #C
Rent To Own
Washington Ave - Memorial Park
Single Family Home
Houston, TX 77007
3
4
2580 ft2
2009
1 of 34 7511 FALDO DR
Rent To Own
Augusta Pines
Single Family Home
Spring, TX 77389
3
4
3369 ft2
2009
Hot
2038 NORFOLK ST
Rent To Own
Neartown - Montrose
Townhouse/Condo
Houston, TX 77098
2
1
3290 ft2
1935
1904 STAFFORDSHIRE ST
Rent To Own
Medical Center
Single Family Home
Houston, TX 77030
3
4
2671 ft2
2004
1 of 25 6514 WOODLAND OAKS
Rent To Own
 
Single Family Home
Magnolia, TX 77354
4
3
2670 ft2
2015
24707 SCARLATTI CANTATA DR
Rent to Own Eligible
 
Single Family Home
Katy, TX 77493
4
3
2121 ft2
2017
1 of 26 28138 CANYON WREN DR
Rent to Own Eligible
 
Single Family Home
Katy, TX 77494
4
3
2556 ft2
2006
New
25431 ROCK SPUR TRL
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
3
2
1260 ft2
2021
New
1529 HEIGHTS DR
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
3
2
1644 ft2
1977
3252 RACHEL LN
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
4
3
2164 ft2
1998
New
5330 11TH ST
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
3
2
1540 ft2
1977
New
5413 YALE DR
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
4
3
2489 ft2
1994
5239 E 5TH ST
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
2
1
1200 ft2
1965
New
26602 DAYLILY GROVE ST
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
4
2
1905 ft2
2021
25426 KATY GATE LN
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
3
2
1513 ft2
2021
24627 LAKECREST BEND DR
Rent to Own Eligible
 
Single Family Home
Katy, TX 77493
3
2
1983 ft2
2010
New
2205 AUBURN DR
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
4
2
1881 ft2
1996
23119 TRUE FORTUNE DR
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
4
4
1185 ft2
2022
1 of 5 24702 FOREST CANOPY DR
Rent to Own Eligible
 
Single Family Home
Katy, TX 77493
3
3
2546 ft2
2014
New
23010 BRIGHT LIGHT LN
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
4
4
1620 ft2
2022
New
6010 10TH ST
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
3
2
1372 ft2
1975
24726 LORENZO GLAZE TRL
Rent to Own Eligible
 
Single Family Home
Katy, TX 77493
3
3
1642 ft2
2020
24935 PUCCINI PL
Rent to Own Eligible
 
Single Family Home
Katy, TX 77493
4
3
2411 ft2
2018
24602 LAKECREST RUN DR
Rent to Own Eligible
 
Single Family Home
Katy, TX 77493
5
3
2672 ft2
2007
2523 VILLAGE OAK DR
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
3
2
1740 ft2
1979
New
2902 MUHLEY ST
Rent to Own Eligible
Cane Island
Single Family Home
Katy, TX 77493
3
2
2007 ft2
2020
5359 LITTLE JOHN LN
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
4
2
2028 ft2
1973
3510 PAGANINI PL
Rent to Own Eligible
 
Single Family Home
Katy, TX 77493
5
4
3080 ft2
2017
New
3847 STEFANO PALETTE CT
Rent to Own Eligible
 
Single Family Home
Katy, TX 77493
4
3
2630 ft2
2020
2602 FORTUNA DR
Rent to Own Eligible
Katy
Single Family Home
Katy, TX 77493
3
2
1983 ft2
1978
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Popular Zip Codes in Katy, TX

77492 rent to own homes

Buying a Home in Katy, TX

Katy, TX is seeing rapid growth and Katy, TX's' housing market remains optimal with an average home price that is -4% below the 2024 national average. Katy, TX is part of Waller 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 Waller is 1.67% which is above the national average, which is 0.99%.

Median Home Price in Katy, TX

Median Rent in Katy, TX

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

Top 5 Reasons to Live in Katy, TX

High home values! Homes in Katy have been appreciating at a much faster rate than the national average. Locally, homes have been appreciating at a yearly rate of 11.6 percent, while nationally the rate over the last 12 months was less than 5 percent. Residents looking for rent to own houses will have a good chance of finding something in the Cinco Ranch area, which is broken up into several neighborhoods including equestrian villages and picturesque lakes. Other rental houses can be found around Granite Brook Lane.

Low home prices! While home prices have increased 56 percent in the last decade, they are still lower than the national median price of $170,100. The median house price in Katy is just $150,400, with communities like Cardiff in the northwest corner and Barkers Branch offering spacious homes at affordable prices.

Tons of shopping! Between Katy Mills Mall and La Canterra at Cinco Ranch, Katy has enough shopping, restaurants and entertainment to satisfy anyone. With hundreds of stores at the indoor Katy Mills, and almost as many shops at the outdoor La Canterra, residents can shop a different store every day for months without repeating.

Plenty of room to play! Katy's City Park has lighted basketball courts, a paved jogging trail and tennis courts perfect for active residents, while the shady space found under the many oak trees in VFW Park is ideal for relaxing on a weekend afternoon. Other parks include Woodsland, Thomas and Mary Jo Peckham parks.

Top employers! Katy is home to several top corporations, including Igloo Corporation and Academy Sports and Outdoors. As part of Texas' Energy Corridor, Katy counts many companies such as BP that have opened engineering and onshore operations in or near Katy. Katy's unemployment rate of just 4.7 percent is less than the national average of 6.3 percent and job growth outpaces the national rate as well.