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 300 Phoenix, AZ rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
38500 N School House Rd Unit 38
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Cave Creek, AZ 85331
2,090 Sqft | Built in 2021
Hot
1 of 33 15819 N 63rd Avenue Glendale
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Glendale, AZ 85306
1,500 Sqft | Built in 1979
1 of 22 1618 N. 32nd St.
2 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Phoenix, AZ 85207
1,020 Sqft | Built in 1983
1 of 36 4750 N Central Avenue # J9
1 Bed, 1 Bath
Rent To Own
 
Single Family Home
Phoenix, AZ 85012
788 Sqft | Built in 1963
1 of 21 8333 E Via Paseo Del Norte -- # 1010
3 Beds, 3.5 Baths
Rent To Own
McCormick Ranch
Townhouse/Condo
Scottsdale, AZ 85258
1,912 Sqft | Built in 2009
16043 W Peak View Rd
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Surprise, AZ 85387
2,290 Sqft | Built in 1985
5136 E Evergreen Street, 1134
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Mesa, AZ 85205
Built in 1986
851 S John Wayne Parkway
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Maricopa, AZ 85138
Built in 1973
Rent to own homes offer low monthly payments and flexible terms
303 S Recker Rd #148
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Mesa, AZ 85206
840 Sqft | Built in 1972
1701 East Colter Street Unit 150 Biltmore Square
2 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Phoenix, AZ 85016
790 Sqft | Built in 2003
1 of 9 14602 S 41th Pl
3 Beds, 3 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Phoenix, AZ 85044
1,695 Sqft | Built in 1985
1 of 16 3434 W Danbury Drive # A110
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Phoenix, AZ 85053
1,174 Sqft | Built in 1981
1 of 55 1448 - 1450 E. Royal Palm Rd
7 Beds, 4.5 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Phoenix, AZ 85020
3,550 Sqft | Built in 1987
3434 Test St.
4 Beds, 1.5 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Phoenix, AZ 85014
1,500 Sqft | Built in 1974
1 of 31 4515 W. Commonwealth Pl.
4 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Chandler, AZ 85226
1,820 Sqft | Built in 1981
1 of 29 19777 North 76th Street
3 Beds, 2 Baths
Rent To Own
Greyhawk
Multifamily (2 - 4 Units)
Scottsdale, AZ 85255
1,326 Sqft | Built in 2000
1 of 10 17506 West Van Buren Street #239
1 Bed, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Goodyear, AZ 85338
600 Sqft | Built in 2020
1 of 17 2345 E. Main St. Lot# 61
1 Bed, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Mesa, AZ 85213
363 Sqft | Built in 2016
New
1 of 25 1749 N Lemon --
5 Beds, 5 Baths
Rent To Own
Estate Grove Valencia Est
Single Family Home
Mesa, AZ 85205
4,683 Sqft | Built in 2021
44448 W Vineyard St Maricopa, Az 85139-5445
3 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Maricopa, AZ 85139
2,200 Sqft
1 of 26 6720 East Encanto Street, Unit 25
3 Beds, 2 Baths
Rent To Own
Encanto Neighborhood
Multifamily (2 - 4 Units)
Mesa, AZ 85205
1,448 Sqft | Built in 2002
1 of 17 2000 South Apache Road Lot 330
3 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Buckeye, AZ 85326
1,120 Sqft | Built in 2000
1 of 10 7807 E Main St C14
1 Bed, 1 Bath
Rent To Own
Carriage Manor
Multifamily (2 - 4 Units)
Mesa, AZ 85207
528 Sqft | Built in 1971
1 of 27 650 North Hawes Road #3522
2 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Mesa, AZ 85207
1,048 Sqft | Built in 2019
1 of 15 139 S. Crismon Rd. #12
2 Beds, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Mesa, AZ 85208
768 Sqft | Built in 1973
1 of 6 Pegasus Airpark
5 Beds, 3 Baths
Rent To Own
Pegasus Airpark
Multifamily (2 - 4 Units)
Queen Creek, AZ 85142
3,700 Sqft | Built in 2003
1 of 18 10960 East Monte Avenue Unit #121
2 Beds, 2 Baths
Rent To Own
Sunland Springs Village
Multifamily (2 - 4 Units)
Mesa, AZ 85209
1,375 Sqft | Built in 2013
854 S San Marcos Dr #C4
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Apache Junction, AZ 85120
1,489 Sqft | Built in 2013
1 of 12 614 West Rhonda View Road
4 Beds, 2.5 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
San Tan Valley, AZ 85143
2,494 Sqft | Built in 2020
519 S Saint Louis Ave
1 Bed, 1 Bath
Rent To Own
Gila Bend
Single Family Home
Gila Bend, AZ 85337
768 Sqft | Built in 1980
2701 E Utopia Rd Lot 163
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85050
1,344 Sqft | Built in 1982
2650 W Union Hills Dr #118
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Phoenix, AZ 85027
910 Sqft | Built in 1971
2609 W Southern Ave #254
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Tempe, AZ 85282
1,152 Sqft | Built in 1979
2650 W Union Hills Dr #372
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85027
1,006 Sqft | Built in 1972
2nd Lien 6207 N 10th Way
3 Beds, 2.5 Baths
Auction
 
Single Family Home
Phoenix, AZ 85014
2,582 Sqft | Built in 1969
6936 W. Monterosa Cir. Unit 1368
3 Beds, 2.5 Baths
Auction
 
Single Family Home
Phoenix, AZ 85033
1,324 Sqft | Built in 1980
2330 W Jake Haven
3 Beds, 3 Baths
Auction
Sonoran Foothills
Single Family Home
Phoenix, AZ 85085
1,519 Sqft | Built in 2005
11324 West Primrose Drive
4 Beds, 2.5 Baths
Auction
Garden Lakes
Single Family Home
Avondale, AZ 85323
3,289 Sqft | Built in 1993
2921 N 113th Ln Avondale, Az 85392
5 Beds, 2.5 Baths
Auction
Garden Lakes
Single Family Home
Avondale, AZ 85392
2,644 Sqft | Built in 1998
1710 S 104th Dr
3 Beds, 2 Baths
Auction
 
Single Family Home
Tolleson, AZ 85353
1,655 Sqft | Built in 2017
1932 N. 77th Gln.
3 Beds, 3 Baths
Auction
 
Single Family Home
Phoenix, AZ 85035
1,557 Sqft | Built in 2007
2709 E Fawn Dr
3 Beds, 2 Baths
Auction
 
Single Family Home
Chandler, AZ 85226
1,258 Sqft | Built in 1999
1 of 3 6717w Mariposa
3 Beds, 1.5 Bath
Auction
 
Single Family Home
Phoenix, AZ 85033
1,020 Sqft
12213 W. Pershing St.
5 Beds, 3 Baths
Auction
 
Single Family Home
El Mirage, AZ 85335
2,453 Sqft | Built in 2004
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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 2022 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 2022 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.

Phoenix, AZ Frequently Asked Questions

Phoenix, AZ has a walk score of

Phoenix, AZ has a bike score of

The state tax rate is 2.59 to 4.5% on top of the federal tax rate of 10 to 37%.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Some data might be from tax-rates.org
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