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
New
7845 N 17TH ST
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85020
3,337 Sqft | Built in 1972
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
1107 W OSBORN RD #208
1 Bed, 1 Bath
Rent To Own
 
Townhouse/Condo
Phoenix, AZ 85013
845 Sqft | Built in 1950
2816 N 33RD PL
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85008
1,918 Sqft | Built in 1950
4646 E OAK ST
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85008
1,444 Sqft | Built in 1957
8738 W INDIANOLA AVE
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Phoenix, AZ 85037
1,228 Sqft | Built in 1988
5350 E DEER VALLEY DR #2273
2 Beds, 2 Baths
Rent To Own
Desert Ridge
Townhouse/Condo
Phoenix, AZ 85054
1,246 Sqft | Built in 2010
24403 N 43RD DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Glendale, AZ 85310
2,260 Sqft | Built in 2002
Rent to own homes offer low monthly payments and flexible terms
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
6101 N 13TH PL
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85014
2,205 Sqft | Built in 1959
3820 E SWEETWATER AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85032
1,545 Sqft | Built in 1973
6021 E ANDERSON DR
5 Beds, 4 Baths
Rent To Own
 
Single Family Home
Scottsdale, AZ 85254
3,484 Sqft | Built in 1995
2706 E DAHLIA DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85032
1,740 Sqft | Built in 1972
3829 N 4TH ST
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85012
1,545 Sqft | Built in 1900
3514 N APACHE WAY
5 Beds, 5 Baths
Rent To Own
Southwest Village
Single Family Home
Scottsdale, AZ 85251
3,500 Sqft | Built in 1958
7710 N 3RD AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85021
2,328 Sqft | Built in 1944
5324 N 37TH PL
4 Beds, 5 Baths
Rent To Own
 
Single Family Home
Paradise Valley, AZ 85253
5,169 Sqft | Built in 2008
10301 W CHARTER OAK DR
2 Beds, 2 Baths
Rent To Own
Sun City
Single Family Home
Sun City, AZ 85351
1,299 Sqft | Built in 1971
1605 W WINTER DR
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85021
3,380 Sqft | Built in 2006
7690 N VIA DE PLATINA
2 Beds, 2 Baths
Rent To Own
McCormick Ranch
Townhouse/Condo
Scottsdale, AZ 85258
1,890 Sqft | Built in 1979
13368 W DESERT LN
3 Beds, 2 Baths
Rent To Own
Dave Brown At West Point
Single Family Home
Surprise, AZ 85374
1,640 Sqft | Built in 1999
8512 E Via De La Escuela --
3 Beds, 3 Baths
Rent To Own
McCormick Ranch
Single Family Home
Scottsdale, AZ 85258
2,270 Sqft
8512 E VIA DE LA ESCUELA
3 Beds, 3 Baths
Rent To Own
McCormick Ranch
Single Family Home
Scottsdale, AZ 85258
2,270 Sqft | Built in 1977
Hot
1 of 24 280 S EVERGREEN RD #1301
3 Beds, 2.5 Baths
Rent To Own
Mesa Grande
Townhouse/Condo
Tempe, AZ 85281
1,100 Sqft | Built in 2007
830 S DOBSON RD #35
3 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Mesa, AZ 85202
896 Sqft | Built in 1972
830 S DOBSON RD #95
3 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Mesa, AZ 85202
896 Sqft | Built in 1972
830 S DOBSON RD #7
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Mesa, AZ 85202
784 Sqft | Built in 1972
16043 W PEAK VIEW RD
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Surprise, AZ 85387
2,290 Sqft | Built in 1985
1663 W PRINCETON AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Gilbert, AZ 85233
1,848 Sqft | Built in 1995
1881 E BARBARITA AVE
4 Beds, 2 Baths
Rent To Own
Sonoma Ranch
Single Family Home
Gilbert, AZ 85234
1,820 Sqft | Built in 1994
42364 W VENTURE RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Maricopa, AZ 85138
1,912 Sqft | Built in 2003
303 S Recker Rd #148
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Mesa, AZ 85206
840 Sqft | Built in 1972
43227 W KIMBERLY ST
6 Beds, 4 Baths
Rent To Own
 
Single Family Home
Maricopa, AZ 85138
3,901 Sqft | Built in 2005
8924 E PORTOBELLO AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Mesa, AZ 85212
1,357 Sqft | Built in 2003
9413 E JUNE ST
5 Beds, 6 Baths
Rent To Own
 
Single Family Home
Mesa, AZ 85207
6,305 Sqft | Built in 2006
39088 N CALI AVE
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
San Tan Valley, AZ 85140
2,576 Sqft | Built in 2005
New
149 E PALOMINO WAY
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
San Tan Valley, AZ 85143
1,631 Sqft | Built in 2003
2308 S 48TH ST
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Coolidge, AZ 85128
1,537 Sqft | Built in 2007
4133 S Marin Dr
5 Beds, 3 Baths
Rent To Own
 
Single Family Home
Gilbert, AZ 85297
2,602 Sqft | Built in 2022
3434 Test St.
4 Beds, 1.5 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Phoenix, AZ 85014
1,500 Sqft | Built in 1974
New
4821 S 5TH AVE
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85041
1,676 Sqft | Built in 2008
6843 E BURNSIDE TRL
5 Beds, 4 Baths
Rent To Own
 
Single Family Home
Scottsdale, AZ 85266
3,932 Sqft | Built in 1998
1 of 5 7816 S 6TH DR
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85041
2,501 Sqft | Built in 2005
Hot
1 of 30 23306 N 72ND AVE
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Glendale, AZ 85310
2,370 Sqft | Built in 1995
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Buying a Home in Phoenix, AZ

Phoenix, AZ is seeing rapid growth and Phoenix, AZ's' housing market remains optimal with an average home price that is -100% below 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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