Rent to own Homes in Alexander City, AL
Alexander City is affectionately called Alex City by its 14,876 residents. Over the decades, two major events led to its status as a major recreation spot for locals and visitors. First was the 1926 construction of Martin Dam, forming beautiful Lake Martin. The second was the 1956 establishment of Horseshoe Bend National Military Park. The city also boasts of hosting the Central Alabama Community College and the Carol Graham Technology Center, both integral to its aggressive recruiting of new businesses.
Alexander City, AL is a great place for affordable rent-to-own homes! With a median household income of over $41,004 and a median rent of $601, the Alexander City, AL 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 Alexander City, AL. 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.
More Alexander City, AL Property Resources
Rent to own Homes in Cities Near Alexander City, AL
Neighborhoods in Alexander City, AL
No neighborhoods foundPopular Zip Codes in Alexander City, AL
35010 rent to own homesBuying a Home in Alexander City, AL
Alexander City, AL is seeing rapid growth and Alexander City, AL's' housing market remains optimal with an average home price that is -50% below the 2025 national average. Alexander City, AL is part of Tallapoosa 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 2025 for county Tallapoosa is 0.32% which is below the national average, which is 0.99%.
Median Home Price in Alexander City, AL
Median Rent in Alexander City, AL
Top 4 Reasons to Live in Alexander City
Water everywhere! The 41,000 acre Lake Martin is Alex City's pride. The 1,445-acre Wind Creek State Park and Nature Preserve on Lake Martin's shore is a great starting point for taking advantage of the boating, fishing, hiking, and swimming opportunities. Also of great pride is the Horseshoe Bend National Military Park on the Tallapoosa River which has nature trails, a boat ramp, and fishing. Events are held throughout the year, some of which commemorate the 1814 battle between Major General Andrew Jackson's army and the Red Stick Creek Indians which took place where the park is located.
Varied rental market! The Chamber of Commerce says that almost 35 percent of housing is renter occupied. Even better is the fact that anyone interested in finding a rental house can choose a preferred style of living - suburban, city center, lakeside, or country side. Rent a house or condominium on Lake Martin's lake shore or rent an apartment in town close to Highway 280. That puts renters close to the D.A.R.E Power Park and popular restaurants like Jake's.
Get some history! The quaint Alexander City Commercial Historic District welcomes anyone who appreciates preservation of buildings dating back to the 1800s. There are government buildings and specialty shops like the popular Cloud Nine clothing store. More history of a very different kind is found at the Wellborn Musclecar Museum, a place classic autos like the Super Bee and Roadrunner call home.
Lower real estate prices! The median home price in Alexander City is 80 percent of the Alabama average. Median rental rates are more than 20 percent lower, which means affordable rent to own homes are broadly available. The electric rates are 7.63 percent lower in Alexander City compared to Alabama's average rates, and 11.36 percent lower than the national average. This equates to a lower cost of living and affordable rental homes, especially when utilities are included. It is a great opportunity to use the savings to eat at the SpringHouse or Sho'Nuff Bar-B-Que.
