Rent to own Homes in Lake Mills, IA

Lake Mills, IA is a great place for affordable rent-to-own homes! With a median household income of over $52,885 and a median rent of $612, the Lake Mills, IA 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 Lake Mills, IA. 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 Lake Mills, IA rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 158
71537 COUNTY ROAD 46
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
4
1
1304 ft2
1934
New
1 of 65 122 BRENT DR
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
4
2
1814 ft2
1946
New
808 LAKE CHAPEAU DR #105
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
2
2
1374 ft2
1986
New
1206 VIRGINIA PL
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
4
1
1664 ft2
1961
New
212 N BROADWAY AVE #C-3
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
2
1
1785 ft2
1991
New
212 N Broadway Ave
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
2
2
1785 ft2
1991
324 E FOUNTAIN ST
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
4
1
1992 ft2
1955
1 of 43 1709 OAKWOOD TER
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
3
1
1560 ft2
1959
414 CRESCENT DR
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
4
2
2803 ft2
1981
17970 780TH AVE
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
2
1
1683 ft2
1885
New
90 10TH ST SE
Rent to Own Eligible
 
Single Family Home
Wells, MN 56097
4
1
0 ft2
1967
311 6TH ST SW
Rent to Own Eligible
 
Single Family Home
Wells, MN 56097
2
1
0 ft2
1950
New
73931 325TH ST
Rent to Own Eligible
 
Single Family Home
Hartland, MN 56042
3
1
3176 ft2
1895
89610 240TH ST
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
3
1336 ft2
1978
1 of 71 429 1ST ST NW
Rent to Own Eligible
 
Single Family Home
Blooming Prairie, MN 55917
4
2
2392 ft2
1969
New
640 2ND ST NE
Rent to Own Eligible
 
Single Family Home
Blooming Prairie, MN 55917
3
2
4678 ft2
1890
1 of 68 636 E MAIN ST
Rent to Own Eligible
 
Single Family Home
Blooming Prairie, MN 55917
5
2
3000 ft2
1976
982 MARKS HILL RD
Rent To Own
 
Single Family Home
Northwood, IA 50459
5
1
2249 ft2
1926
Hot
1 of 5 141 BEACH DR
Rent To Own
 
Single Family Home
Clear Lake, IA 50428
2
1
1041 ft2
1942
1 of 9 405 GARDEN ST
REO Foreclosure
 
Single Family Home
Lake Mills, IA 50450
3
1
1300 ft2
1974
New
147 LAKE ST E
Auction
 
Single Family Home
Emmons, MN 56029
3
1
1532 ft2
1900
Hot
164 LAKE ST E
Short Sale
 
Single Family Home
Emmons, MN 56029
2
2
1532 ft2
1901
Hot
307 D ST
REO Foreclosure
 
Single Family Home
Leland, IA 50453
3
1
1344 ft2
1972
127 SWEETGRASS LN
REO Foreclosure
 
Townhouse/Condo
Forest City, IA 50436
3
2
1240 ft2
1969
New
1 of 23 505 S 8TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Forest City, IA 50436
3
2
1139 ft2
1950
1 of 17 121 HILLHAVEN DR
Auction
 
Single Family Home
Forest City, IA 50436
3
2
1560 ft2
1971
1 of 33 14940 US HIGHWAY 69
Auction
 
Single Family Home
Albert Lea, MN 56007
2
2
1704 ft2
1920
410 MAIN ST
REO Foreclosure
 
Single Family Home
Hanlontown, IA 50444
3
2
1008 ft2
1970
109 W NORTH ST
REO Foreclosure
 
Single Family Home
Kiester, MN 56051
3
2
1136 ft2
1947
201 N 7TH ST
REO Foreclosure
 
Single Family Home
Kiester, MN 56051
2
2
1764 ft2
1960
201 N 8TH ST
Auction
 
Single Family Home
Kiester, MN 56051
2
1
551 ft2
1972
1 of 25 21595 CARDINAL AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Clear Lake, IA 50428
4
4
1900 ft2
1948
New
905 S 1ST AVE
Auction
 
Single Family Home
Albert Lea, MN 56007
2
1
672 ft2
1922
New
1 of 26 1204 VIRGINIA PL
Auction
 
Single Family Home
Albert Lea, MN 56007
4
1
1236 ft2
1955
New
1501 EDINA AVE
Auction
 
Single Family Home
Albert Lea, MN 56007
3
1
1008 ft2
1956
1 of 9 1221 JAMES AVE
Auction
 
Single Family Home
Albert Lea, MN 56007
2
1
907 ft2
1900
1 of 32 525 EUCLID AVE
Short Sale
 
Single Family Home
Albert Lea, MN 56007
3
2
1333 ft2
1888
New
1 of 29 115 N 2ND AVE
Auction
 
Single Family Home
Albert Lea, MN 56007
3
2
1205 ft2
1928
New
1020 SAINT JOHN AVE
Auction
 
Single Family Home
Albert Lea, MN 56007
3
1
1204 ft2
1885
1 of 5 602 E 7TH ST
Auction
 
Single Family Home
Albert Lea, MN 56007
2
1
814 ft2
1930
1 of 32 421 E 4TH ST
REO Foreclosure
 
Single Family Home
Albert Lea, MN 56007
4
2
2382 ft2
1905
New
510 E 4TH ST
Auction
 
Single Family Home
Albert Lea, MN 56007
3
1
1446 ft2
1919
1 of 57 808 JOHN FARRY PL
Auction
 
Single Family Home
Albert Lea, MN 56007
2
1
780 ft2
1929
1 of 3 506 HARRIET LN
Auction
 
Single Family Home
Albert Lea, MN 56007
3
1
1311 ft2
1910
Map
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Neighborhoods in Lake Mills, IA

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Popular Zip Codes in Lake Mills, IA

50450 rent to own homes

Buying a Home in Lake Mills, IA

Lake Mills, IA is seeing rapid growth and Lake Mills, IA's' housing market remains optimal with an average home price that is -52% below the 2024 national average. Lake Mills, IA is part of Winnebago 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 Winnebago is 1.27% which is above the national average, which is 0.99%.

Median Home Price in Lake Mills, IA

Median Rent in Lake Mills, IA

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