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 300
New
122 E ELLIS DR
3 Beds, 2.5 Baths
Rent To Own
Kiwanis The Lakes
Single Family Home
Tempe, AZ 85282
1,632 Sqft | Built in 1965
New
3373 W HAYDUK RD
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Laveen, AZ 85339
1,897 Sqft | Built in 2016
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
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
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
Rent to own homes offer low monthly payments and flexible terms.
24403 N 43RD DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Glendale, AZ 85310
2,260 Sqft | Built in 2002
6101 N 13TH PL
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85014
2,205 Sqft | Built in 1959
1605 W WINTER DR
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85021
3,380 Sqft | Built in 2006
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
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
11025 W WASHINGTON ST
4 Beds, 3 Baths
Rent To Own
Avondale
Single Family Home
Avondale, AZ 85323
2,911 Sqft | Built in 2005
9933 W RIVIERA DR
2 Beds, 1 Bath
Rent To Own
Sun City
Single Family Home
Sun City, AZ 85351
1,108 Sqft | Built in 1963
4814 W LARKSPUR DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Glendale, AZ 85304
1,680 Sqft | Built in 1975
4208 E SAINT CATHERINE AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85042
1,274 Sqft | Built in 1973
4650 E VIA DONA RD
3 Beds, 2 Baths
Rent To Own
Tatum Ranch
Single Family Home
Cave Creek, AZ 85331
1,743 Sqft | Built in 1995
New
10148 W LAWRENCE LN
4 Beds, 2 Baths
Rent To Own
Pine
Single Family Home
Peoria, AZ 85345
2,006 Sqft | Built in 2017
New
1313 E RUTH AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85020
1,260 Sqft | Built in 1960
New
13406 N 36TH PL
4 Beds, 2 Baths
Rent To Own
Southern East
Single Family Home
Phoenix, AZ 85032
1,420 Sqft | Built in 1972
New
19305 N 78TH AVE
4 Beds, 2.5 Baths
Rent To Own
Glendale
Single Family Home
Glendale, AZ 85308
2,686 Sqft | Built in 1993
New
2706 E DAHLIA DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85032
1,740 Sqft | Built in 1972
New
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
New
3829 N 4TH ST
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85012
1,545 Sqft | Built in 1900
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
New
4942 W SHANGRI LA RD
4 Beds, 2 Baths
Rent To Own
Barrel
Single Family Home
Glendale, AZ 85304
2,007 Sqft | Built in 1974
New
5137 W BERKELEY RD
3 Beds, 2 Baths
Rent To Own
Wedgewood Park
Single Family Home
Phoenix, AZ 85035
1,814 Sqft | Built in 1977
New
7845 N 17TH ST
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85020
3,337 Sqft | Built in 1972
New
8344 W CORRINE DR
4 Beds, 2 Baths
Rent To Own
Palo Verde
Single Family Home
Peoria, AZ 85381
1,397 Sqft | Built in 1985
New
13613 N 76TH ST
5 Beds, 4.5 Baths
Rent To Own
Paradise Valley Ranchos
Single Family Home
Scottsdale, AZ 85260
4,155 Sqft | Built in 2019
New
1831 E MANHATTON DR
4 Beds, 2 Baths
Rent To Own
Alameda
Single Family Home
Tempe, AZ 85282
2,288 Sqft | Built in 1981
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
New
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 | Built in 1977
New
8512 E Via De La Escuela --
3 Beds, 3 Baths
Rent To Own
McCormick Ranch
Single Family Home
Scottsdale, AZ 85258
2,270 Sqft
Hot
1 of 24 280 S EVERGREEN RD #1301
3 Beds, 2.5 Baths
Rent To Own
Apache
Townhouse/Condo
Tempe, AZ 85281
1,100 Sqft | Built in 2007
830 S DOBSON RD #35
3 Beds, 1 Bath
Rent To Own
West Mesa
Townhouse/Condo
Mesa, AZ 85202
896 Sqft | Built in 1972
830 S DOBSON RD #95
3 Beds, 1 Bath
Rent To Own
West Mesa
Townhouse/Condo
Mesa, AZ 85202
896 Sqft | Built in 1972
830 S DOBSON RD #7
2 Beds, 1 Bath
Rent To Own
West Mesa
Townhouse/Condo
Mesa, AZ 85202
784 Sqft | Built in 1972
12030 N 146TH AVE
4 Beds, 2.5 Baths
Rent To Own
Mountain Gate
Single Family Home
Surprise, AZ 85379
2,291 Sqft | Built in 2005
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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 2023 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 2023 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%.

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