Rent to own Homes in Fairbanks, AK

Fairbanks is Alaska's only interior city and is surrounded by untouched wilderness. It was founded in 1901 and was originally intended as a trading post for gold prospectors. It is the closest city to North America's highest summit, Mount McKinley, which is just 120 miles north. Throughout the winter months, the city and surrounding area is one of the best places in Alaska to view the Northern Lights.

Fairbanks, AK is a great place for affordable rent-to-own homes! With a median household income of over $64,397 and a median rent of $1,327, the Fairbanks, AK 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 Fairbanks, AK. 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 Fairbanks, AK rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 84
1095 Lakeview Terrace 1 Rd #1
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Rent To Own
 
Single Family Home
Fairbanks, AK 99701
3
2
1140 ft2
2022
633 NOYES ST
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Rent To Own
 
Single Family Home
Fairbanks, AK 99701
1
1
0 ft2
1946
305 AXELSSON CT
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Rent To Own
 
Single Family Home
Fairbanks, AK 99709
4
1
2068 ft2
2004
1580 BRER LN
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Rent To Own
 
Single Family Home
Fairbanks, AK 99712
3
2
1792 ft2
1994
1507 RIFFLE BOARD RD
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Rent To Own
Wildview Acres
Single Family Home
Fairbanks, AK 99712
1
2
988 ft2
1976
660 GOLD VEIN RD
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Rent To Own
Wildview Acres
Single Family Home
Fairbanks, AK 99712
3
1
1550 ft2
1979
New
1606 MARIKA RD #4
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Pre-Foreclosure (NOD)
Aurora-Lemeta
Townhouse/Condo
Fairbanks, AK 99709
1
1
1068 ft2
1982
New
475 CINDY DR
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VA Foreclosure
 
Single Family Home
Fairbanks, AK 99701
5
3
3100 ft2
1993
417 BARANOF AVE
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Auction
Hamilton Acres
Townhouse/Condo
Fairbanks, AK 99701
3
2
2912 ft2
1984
1 of 31 1316 CORDELIA WAY
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Auction
Lakloey-Persinger
Single Family Home
North Pole, AK 99705
4
2
2592 ft2
1982
631 EASTVIEW DR
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Pre-Foreclosure (NOD)
 
Single Family Home
Fairbanks, AK 99712
2
5
1636 ft2
1985
5000 DARTMOUTH DR #A35
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Pre-Foreclosure (NOD)
University West
Townhouse/Condo
Fairbanks, AK 99709
3
3
1118 ft2
1983
5631 OLD RIDGE TRL
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Pre-Foreclosure (NOD)
 
Single Family Home
Fairbanks, AK 99709
3
5
3312 ft2
2000
2390 PAYTON AVE
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VA Foreclosure
Bradway-Clear Creek
Single Family Home
North Pole, AK 99705
4
3
1901 ft2
2010
New
2504 CLYDESDALE DR
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Pre-Foreclosure (NOD)
 
Single Family Home
North Pole, AK 99705
6
5
2942 ft2
1982
1684 CHENA RIDGE RD
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Pre-Foreclosure (NOD)
 
Single Family Home
Fairbanks, AK 99709
3
4
5434 ft2
1976
3420 VIRGINIA ST
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Pre-Foreclosure (NOD)
Newby Road
Single Family Home
North Pole, AK 99705
3
8
3105 ft2
1984
5830 OLD RIDGE TRL
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Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Fairbanks, AK 99709
1
2
2112 ft2
2000
275 GEYSER CT
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Auction
 
Single Family Home
Fairbanks, AK 99712
3
3
1584 ft2
1985
311 SWEREN ST E
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Auction
 
Single Family Home
Fairbanks, AK 99712
2
1
984 ft2
1976
907 21ST AVE
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Rent To Own
Van Horn Industrial Area
Single Family Home
Fairbanks, AK 99701
0
3
3070 ft2
1968
1203 21ST AVE
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Pre-Foreclosure (NOD)
Van Horn Industrial Area
Townhouse/Condo
Fairbanks, AK 99701
0
2
2628 ft2
1973
New
1215 CHOCTAW RD
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Auction
Bradway-Clear Creek
Single Family Home
North Pole, AK 99705
0
2
1040 ft2
1973
New
930 4TH AVE
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Pre-Foreclosure (NOD)
Weeks Field
Townhouse/Condo
Fairbanks, AK 99701
0
5
3300 ft2
1968
New
1513 27TH AVE #C
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REO Foreclosure
Van Horn Industrial Area
Townhouse/Condo
Fairbanks, AK 99701
0
5
1573 ft2
2005
1221 9TH AVE
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Pre-Foreclosure (NOD)
Weeks Field
Single Family Home
Fairbanks, AK 99701
0
4
1650 ft2
1948
1 of 14 10 ROSELLA AVE
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Auction
Aurora-Lemeta
Townhouse/Condo
Fairbanks, AK 99701
0
2
1671 ft2
1948
857 FAULTLINE AVE
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REO Foreclosure
Bradway-Clear Creek
Single Family Home
North Pole, AK 99705
0
2
1364 ft2
2003
239 INA ST
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Pre-Foreclosure (NOD)
 
Single Family Home
Fairbanks, AK 99701
0
5
3408 ft2
1970
2420 BJERREMARK ST
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REO Foreclosure
Van Horn Industrial Area
Single Family Home
Fairbanks, AK 99701
0
1
880 ft2
1949
2837 CHIEF ALEXANDER DR
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Pre-Foreclosure (NOD)
College Road
Single Family Home
Fairbanks, AK 99709
0
6
8181 ft2
2018
2210 RICKERT ST
MORE DETAILS +
Pre-Foreclosure (NOD)
Van Horn Industrial Area
Single Family Home
Fairbanks, AK 99701
0
1
672 ft2
1968
1412 ASPEN ST
MORE DETAILS +
Pre-Foreclosure (NOD)
Aurora-Lemeta
Single Family Home
Fairbanks, AK 99709
0
2
1004 ft2
1939
127 5TH AVE
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Pre-Foreclosure (NOD)
Downtown Fairbanks
Single Family Home
Fairbanks, AK 99701
0
0
1719 ft2
2010
1134 23RD AVE
MORE DETAILS +
Pre-Foreclosure (NOD)
Van Horn Industrial Area
Townhouse/Condo
Fairbanks, AK 99701
0
4
2670 ft2
1946
1513 27TH AVE #D
MORE DETAILS +
Pre-Foreclosure (NOD)
Van Horn Industrial Area
Townhouse/Condo
Fairbanks, AK 99701
0
5
1301 ft2
2005
724 WANDA DR
MORE DETAILS +
Pre-Foreclosure (NOD)
Lakloey-Persinger
Single Family Home
North Pole, AK 99705
0
4
4590 ft2
1978
3699 GOLDIZEN AVE
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REO Foreclosure
Geist Road
Single Family Home
Fairbanks, AK 99709
0
1
2624 ft2
1959
3777 MITCHELL AVE
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Pre-Foreclosure (NOD)
 
Single Family Home
Fairbanks, AK 99709
0
2
2400 ft2
1970
1 of 10 695 PYROLA DR
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REO Foreclosure
 
Single Family Home
Fairbanks, AK 99709
0
2
1820 ft2
1978
710 LOWELL RD
MORE DETAILS +
Auction
 
Single Family Home
Fairbanks, AK 99712
0
1
1189 ft2
2010
346 RAMBLING RD
MORE DETAILS +
REO Foreclosure
 
Single Family Home
Fairbanks, AK 99712
0
3
2280 ft2
1984
New
945 WATER THRUSH DR
MORE DETAILS +
Pre-Foreclosure (NOD)
 
Single Family Home
Fairbanks, AK 99712
0
0
1851 ft2
2012
1050 STEELE CREEK RD
MORE DETAILS +
Pre-Foreclosure (NOD)
 
Single Family Home
Fairbanks, AK 99712
0
2
2560 ft2
1962
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Rent to own homes offer low monthly payments and flexible terms.

Top 4 reasons to live in Fairbanks, Alaska

Cheaper than you might think! While property values are higher than the rest of the nation, the median cost of a house in Fairbanks is around 18% below the Alaska average. It is also significantly cheaper than many larger American metropolitan areas. Buying a home here is a solid investment; home values have nearly doubled since 2000 and there are plenty of rent to own homes available on the local market. Popular neighborhoods include Lemeta and Westgate.

Appetizing restaurants! Those long, cold Alaskan winters mean folks around Fairbanks have an appetite for hearty food. Located next to the Chena River in a national historic site that harkens back to the Fairbanks gold mining era, the charming and quirky Pumphouse Restaurant will satisfy the cravings of steak lovers. Those with a sweeter tooth will love indulging in a spot of brunch at the Cookie Jar on Danby Street, a long time favorite spot for locals who can't get enough of the famous Savannah Cream Cake. The Wolf Run Restaurant, set in an old timber house, has received critical acclaim for its gourmet American and Middle Eastern fusion dishes, such as the mezze plates or cedar plank salmon.

Wide range of houses for rent! Those looking for homes for rent in Fairbanks should have little to no problem finding something to their tastes. 61.4% of residents are in rental properties compared to 35.6% in Alaska as a whole and the local vacancy rate stands at a healthy 9.2%. However, prospective renters should realize that high energy costs make single unit rental homes in Fairbanks are among the priciest in the state. It's not all bad news, though, as median rent for all other unit types is around 15% below the Alaska average. The area around South Cushman Street and 23rd Avenue offers more affordable rents for those on a budget.