Rent to own Homes in Phoenix, AZ

Phoenix is a city rich with history that was inhabited by the Hohokam Indians for centuries before it was first incorporated as a city on May 3, 1881. On November 19, 1873, Judge William Berry of Prescott bought 320 acres of Phoenix property off President Grant for a total of $550. By 1880, the city had a population of 2,453. But when Southern Pacific began running trains through Phoenix on July 4, 1887, people started to move to the Valley of the Sun in droves. By 1950, the city's population grew to 106,000, making it the 99th most populous city in the country, and the area expanded to 17.1 square miles.

Phoenix's economy has changed drastically over the years as well. What used to be a farming community has transitioned into a diverse market led by industries such as tourism, business services, financial services, technology, and manufacturing. Corporate giants such as Avnet, Freeport-McMoRan, Republic Services, Magellan Health, Sprouts Farmers Market, ON Semiconductor, Knight-Swift Transportation Holdings, and Pinnacle West Capital are all based out of Phoenix.

Phoenix, AZ is a great place for affordable rent-to-own homes! With a median household income of over $60,914 and a median rent of $1,100, the Phoenix, AZ 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 Phoenix, AZ. 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 Phoenix, AZ rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
13406 N 36TH PL
Rent To Own
Southern East
Single Family Home
Phoenix, AZ 85032
4
2
1420 ft2
1972
Hot
1107 W OSBORN RD #208
Rent To Own
 
Townhouse/Condo
Phoenix, AZ 85013
1
1
845 ft2
1950
4646 E OAK ST
Rent To Own
 
Single Family Home
Phoenix, AZ 85008
3
3
1444 ft2
1957
8738 W INDIANOLA AVE
Rent To Own
 
Single Family Home
Phoenix, AZ 85037
3
2
1228 ft2
1988
11025 W WASHINGTON ST
Rent To Own
Avondale
Single Family Home
Avondale, AZ 85323
4
3
2911 ft2
2005
122 E ELLIS DR
Rent To Own
Kiwanis The Lakes
Single Family Home
Tempe, AZ 85282
3
3
1632 ft2
1965
3514 N APACHE WAY
Rent To Own
Southwest Village
Single Family Home
Scottsdale, AZ 85251
5
5
3500 ft2
2022
3829 N 4TH ST
Rent To Own
 
Single Family Home
Phoenix, AZ 85012
4
2
1545 ft2
1900
4208 E SAINT CATHERINE AVE
Rent To Own
 
Single Family Home
Phoenix, AZ 85042
3
2
1274 ft2
1973
5137 W BERKELEY RD
Rent To Own
Wedgewood Park
Single Family Home
Phoenix, AZ 85035
3
2
1814 ft2
1977
3536 E OAK ST
Rent To Own
 
Single Family Home
Phoenix, AZ 85008
4
2
1850 ft2
1952
5350 E DEER VALLEY DR #2273
Rent To Own
Desert Ridge
Townhouse/Condo
Phoenix, AZ 85054
2
2
1246 ft2
2010
24403 N 43RD DR
Rent To Own
 
Single Family Home
Glendale, AZ 85310
3
2
2260 ft2
2002
6101 N 13TH PL
Rent To Own
 
Single Family Home
Phoenix, AZ 85014
3
2
2205 ft2
1959
1605 W WINTER DR
Rent To Own
 
Single Family Home
Phoenix, AZ 85021
4
3
3380 ft2
2006
3820 E SWEETWATER AVE
Rent To Own
 
Single Family Home
Phoenix, AZ 85032
3
2
1545 ft2
1973
7710 N 3RD AVE
Rent To Own
 
Single Family Home
Phoenix, AZ 85021
3
2
2328 ft2
1944
5324 N 37TH PL
Rent To Own
 
Single Family Home
Paradise Valley, AZ 85253
4
5
5169 ft2
2008
10301 W CHARTER OAK DR
Rent To Own
Sun City
Single Family Home
Sun City, AZ 85351
2
2
1299 ft2
1971
10148 W LAWRENCE LN
Rent To Own
Pine
Single Family Home
Peoria, AZ 85345
4
2
2006 ft2
2017
1313 E RUTH AVE
Rent To Own
 
Single Family Home
Phoenix, AZ 85020
3
2
1260 ft2
1960
1 of 22 1618 N. 32nd St.
Rent To Own
 
Multifamily (2 - 4 Units)
Phoenix, AZ 85207
2
2
1020 ft2
1983
19305 N 78TH AVE
Rent To Own
Arrowhead Ranch
Single Family Home
Glendale, AZ 85308
4
3
2686 ft2
1993
2706 E DAHLIA DR
Rent To Own
 
Single Family Home
Phoenix, AZ 85032
3
2
1740 ft2
1972
4650 E VIA DONA RD
Rent To Own
Tatum Ranch
Single Family Home
Cave Creek, AZ 85331
3
2
1743 ft2
1995
4814 W LARKSPUR DR
Rent To Own
 
Single Family Home
Glendale, AZ 85304
3
2
1680 ft2
1975
4942 W SHANGRI LA RD
Rent To Own
Glendale
Single Family Home
Glendale, AZ 85304
4
2
2007 ft2
1974
7845 N 17TH ST
Rent To Own
 
Single Family Home
Phoenix, AZ 85020
3
3
3337 ft2
1972
8344 W CORRINE DR
Rent To Own
Cobblestone Village
Single Family Home
Peoria, AZ 85381
4
2
1397 ft2
1985
9933 W RIVIERA DR
Rent To Own
Sun City
Single Family Home
Sun City, AZ 85351
2
1
1108 ft2
1963
6236 E WILDCAT DR
Rent To Own
 
Single Family Home
Cave Creek, AZ 85331
4
3
2850 ft2
1985
6739 W ZOE ELLA WAY,
Rent To Own
Sahuaro
Single Family Home
Peoria, AZ 85382
3
2
8483 ft2
2001
New
38500 N School House Rd UNIT 38
Rent To Own
 
Single Family Home
Cave Creek, AZ 85331
3
2
2090 ft2
2021
New
1 of 146 5122 N 31st Way
Rent To Own
 
Single Family Home
Phoenix, AZ 85016
2
2
1319 ft2
1981
New
5248 N 42ND LN
Rent To Own
 
Townhouse/Condo
Phoenix, AZ 85019
3
1
1000 ft2
1972
New
6813 N. 81ST DR.,
Rent To Own
Yucca
Single Family Home
Glendale, AR 85303
3
2
0 ft2
1985
13613 N 76TH ST
Rent To Own
Paradise Valley Ranchos
Single Family Home
Scottsdale, AZ 85260
5
5
4155 ft2
2019
29251 N HAYDEN RD
Rent To Own
 
Single Family Home
Scottsdale, AZ 85266
4
2
3447 ft2
1973
1831 E MANHATTON DR
Rent To Own
Alameda
Single Family Home
Tempe, AZ 85282
4
2
2288 ft2
1981
7690 N VIA DE PLATINA
Rent To Own
McCormick Ranch
Townhouse/Condo
Scottsdale, AZ 85258
2
2
1890 ft2
1979
13368 W DESERT LN
Rent To Own
Dave Brown At West Point
Single Family Home
Surprise, AZ 85374
3
2
1640 ft2
1999
8512 E VIA DE LA ESCUELA
Rent To Own
McCormick Ranch
Single Family Home
Scottsdale, AZ 85258
3
3
2270 ft2
1977
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Buying a Home in Phoenix, AZ

Phoenix, AZ is seeing rapid growth and Phoenix, AZ's' housing market remains not optimal with an average home price that is 15% above the 2024 national average. Phoenix, AZ is part of Maricopa 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 Maricopa is 0.59% which is below the national average, which is 0.99%.

Median Home Price in Phoenix, AZ

Median Rent in Phoenix, AZ

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

Average Cost of Living in Phoenix

Phoenix is a reasonably affordable place to live. The overall cost of living in the city is 3.7% higher than the national average and 1.5% higher than the state average. Transportation, which is 10.9% higher than the state average and 17.9% higher than the rest of the country, is the only category that's considerably higher than average. You can find neighboring municipalities with lower costs, but not by much for the most part. Avondale and Sun City are 4% and 8.8% lower than Phoenix, respectively. Scottsdale is 29.5% higher than Phoenix and 33.2% higher than the U.S. average.

Average Home Prices in Phoenix

The median price of a home in Phoenix is $239,400, which is just under $10,000 cheaper than the state average of $249,300 and $8,200 more than the United States average of $231,200. A house in Sun City costs $180,200 on average, but they are generally smaller retirement-style homes. In Avondale, you'll pay $232,900, which is $6,500 less than Phoenix, and Scottsdale is much more expensive, with a price tag of $469,400 for an average home. Although Phoenix's housing market is slightly higher than the national average, there are plenty of affordable rent-to-own options in the city.

Phoenix Statistics

If you're interested in Phoenix rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Phoenix statistics compared to the U.S. national average.

Phoenix Averages National Averages
One-Way Commute 25.4 minutes 26.4 minutes
Violent Crime 37.5 22.7
Property Crime 52.8 35.4
Unemployment Rate 4.2% 3.9%
Income Tax Rate 4.2% 4.6%
Air Quality 46 58
Water Quality 65 55
Median Household Income $46,881 $53,482
Median Property Taxes $1,600 $2,200
Utilities $160/month $112/month
Monthly Rent $1,000 $1,470
Median Home Cost $239,400 $231,200
Median Home Age 31 years 40 years

Popular Amenities and Attractions in Phoenix

The earliest transportation system in Phoenix was a line of horse-drawn streetcars back in 1887. Phoenix's Sky Harbor International Airport transported 22,443,552 passengers out of the city in 2019, making it the 13th busiest airport in the nation. Phoenix also has a bus, rail, and bike-share system to help people get around the city.

When you're in the city, visit the Pueblo Grande Museum - a ruin site occupied continuously by the Hohokam Indians for 700 years beginning in the year 700. Marvel at the intricate canal system engineered and built by the local people, and explore a combination of authentic ruins and replica buildings on this historical site that encompasses 102 acres. Experience Native American history as you view ancient artifacts that include tapestries, pottery, and jewelry created by the Hohokam.

For an amazing nature experience, visit Phoenix's Desert Parks and Mountain Preserves. The city maintains over 41,000 acres of open space with more than 200 miles of trails for hiking, biking, and mountain climbing. The preserve areas are close to the city center, so when you're exhausted from a long day of natural workouts, make your way back to where you're staying to freshen up and hit the town to enjoy an excellent shopping or dining experience.

People keep moving to Phoenix because the city has so much to offer. If you enjoy sunny weather, lots of open space, an excellent economy, and a well-priced housing market, take advantage of one of Phoenix's rent-to-own home options and move to Valley of the Sun.