Rent to own Homes in Memphis, TX

Memphis, TX is a great place for affordable rent-to-own homes! With a median household income of over $40,163 and a median rent of $521, the Memphis, 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 Memphis, 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 Memphis, TX rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 13 of 13
1 of 90 225 BELL AVE
Rent to Own Eligible
 
Single Family Home
Howardwick, TX 79226
3
1
1969 ft2
1997
1216 W DEMONT ST
Rent To Own
 
Single Family Home
Memphis, TX 79245
2
1
1622 ft2
1999
1421 W BRADFORD ST
Rent To Own
 
Single Family Home
Memphis, TX 79245
2
1
1148 ft2
1984
Hot
401 AVENUE A NE
Rent To Own
 
Single Family Home
Childress, TX 79201
3
2
1691 ft2
1924
608 AVENUE D SE
Rent To Own
 
Single Family Home
Childress, TX 79201
3
2
1252 ft2
1935
1 of 62 510 CLINT ST
Rent To Own
 
Single Family Home
Howardwick, TX 79226
2
1
1250 ft2
1993
0 Mollybee Dr
Rent To Own
 
Single Family Home
Clarendon, TX 79226
0
0
0 ft2
New
510 AVENUE J SE
Rent to Own Eligible
 
Single Family Home
Childress, TX 79201
0
5
3236 ft2
1958
1 of 30 409 TEN BEARS TRL
Rent to Own Eligible
 
Single Family Home
Howardwick, TX 79226
0
1
1680 ft2
1993
Hot
1 of 3 1701 BRUMLEY ST
Rent To Own
 
Single Family Home
Memphis, TX 79245
0
0
972 ft2
1976
600 SHOE BAR ST
REO Foreclosure
 
Single Family Home
Lakeview, TX 79239
0
0
2714 ft2
1992
616 E WHITE ST
REO Foreclosure
 
Single Family Home
Clarendon, TX 79226
0
0
2223 ft2
1990
621 W 6TH ST
REO Foreclosure
 
Single Family Home
Clarendon, TX 79226
0
0
3869 ft2
1982
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Buying a Home in Memphis, TX

Memphis, TX is seeing rapid growth and Memphis, TX's' housing market remains optimal with an average home price that is -73% below the 2024 national average. Memphis, TX is part of Hall 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 Hall is 1.65% which is above the national average, which is 0.99%.

Median Home Price in Memphis, TX

Median Rent in Memphis, TX

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