Rent to own Homes in Mason City, IA

Home to just over 27,700 Iowans, Mason City is located in Cerro Gordo County (for which it's the county seat), and covers 28.1 square miles. The city has important waterways, such as the Winnebago River and Willow Creek, that run through town as a constant reminder of the city's appropriate nickname, River City. With a rich musical heritage, ample amusement places, big city amenities and plenty of natural space, it's easy to see why Mason City is regarded as one of America's best small towns. Mason City's mix of hospitality and entertainment is certain to win over any soul.

Mason City, IA is a great place for affordable rent-to-own homes! With a median household income of over $53,406 and a median rent of $733, the Mason City, 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 Mason City, 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 Mason City, IA rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
17970 780TH AVE
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
2
1
1683 ft2
1885
New
16651 520TH AVE
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1732 ft2
1926
1 of 43 1709 OAKWOOD TER
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
3
1
1560 ft2
1959
New
1206 VIRGINIA PL
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
4
1
1664 ft2
1961
1 of 14 2806 12TH ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
1
1196 ft2
1971
324 E FOUNTAIN ST
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
4
1
1992 ft2
1955
New
212 N Broadway Ave
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
2
2
1785 ft2
1991
New
212 N BROADWAY AVE #C-3
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
2
1
1785 ft2
1991
2400 13TH ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1040 ft2
1958
1404 17TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
4
1699 ft2
2002
1807 11TH ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1070 ft2
1957
1307 18TH DR NE
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
2
2
1292 ft2
2019
1403 21ST ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
3
2056 ft2
1936
1 of 32 2704 9TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
5
4
3259 ft2
1999
1 of 20 1901 11TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
3880 ft2
1960
1 of 44 1704 2ND ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
3
2360 ft2
2007
1 of 58 604 15TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
2016 ft2
1956
1 of 35 608 14TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
2
2544 ft2
1947
New
800 17TH ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
2
1
1008 ft2
1950
New
808 LAKE CHAPEAU DR #105
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
2
2
1374 ft2
1986
414 CRESCENT DR
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
4
2
2803 ft2
1981
71537 COUNTY ROAD 46
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
4
1
1304 ft2
1934
New
1 of 20 1608 4TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1378 ft2
1947
New
608 6TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
5
3
1991 ft2
1939
404 6TH ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
3
1805 ft2
1921
Hot New
809 2ND AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
4
2240 ft2
1898
1 of 101 2508 4TH AVE NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
4
6772 ft2
2002
1 of 80 1007 2ND AVE NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
2019 ft2
1917
1 of 6 1519 5TH AVE NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
2
2816 ft2
1979
1 of 23 1410 8TH AVE NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
5
1
2438 ft2
1917
1 of 98 907 10TH ST NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
2256 ft2
1937
706 8TH AVE NW #4
Rent to Own Eligible
 
Townhouse/Condo
Austin, MN 55912
3
4
1790 ft2
1984
1 of 30 1007 8TH ST NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
2
1414 ft2
1938
2008 6TH AVE NE
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1128 ft2
1953
Hot New
705 21ST ST NE
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1248 ft2
1960
1 of 70 111 NW BERGEN ST
Rent to Own Eligible
 
Single Family Home
Adams, MN 55909
4
2
2269 ft2
1906
Hot New
471 CENTER AVE S
Rent to Own Eligible
 
Single Family Home
Glenville, MN 56036
5
2
1570 ft2
1960
1 of 39 1103 21ST AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
2464 ft2
1973
1100 4TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1612 ft2
1935
1 of 40 1412 8TH AVE NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
2
3
1944 ft2
1900
Hot
1 of 5 141 BEACH DR
Rent To Own
 
Single Family Home
Clear Lake, IA 50428
2
1
1041 ft2
1942
982 MARKS HILL RD
Rent To Own
 
Single Family Home
Northwood, IA 50459
5
1
2249 ft2
1926
1 of 15 1808 O'Brien Avenue
Rent To Own
 
Multifamily (2 - 4 Units)
Clarion, IA 50525
2
2
3412 ft2
1960
18 20TH ST SE
REO Foreclosure
 
Single Family Home
Mason City, IA 50401
3
2
1156 ft2
1950
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50402 rent to own homes 50401 rent to own homes

Buying a Home in Mason City, IA

Mason City, IA is seeing rapid growth and Mason City, IA's' housing market remains optimal with an average home price that is -48% below the 2024 national average. Mason City, IA is part of Cerro Gordo 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 Cerro Gordo is 1.15% which is above the national average, which is 0.99%.

Median Home Price in Mason City, IA

Median Rent in Mason City, IA

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

Top 4 Reasons to Live in Mason City, IA

Get outside and smell the fresh air! Mason City is full of outdoor entertainment. The River City Sculptures on Parade covers a 1.6 mile trail and showcases beautiful sculpture art works. Golfers can play a round of 18 holes at Highland Park Golf Course, a championship-style par-72 venue. Those looked for some rugged fun can spend a night camping out at MacNider Campgrounds. Mason City also boasts many parks, including the 57.6-acre East Park, which offers incredible views of the town's waterways and numerous activities. The Lime Creek Conservation Area is a gorgeous nature preserve that's situated on the outskirts of town and is great for all sorts of excursions, from hiking to hunting.

Get a historic prairie-style house! 30.4% of housing units in Mason City were constructed before 1940, and many of these feature classic prairie architecture. Many of these prairie-style homes have been nationally recognized as historic landmarks. The Rock Glen and Rock Crest areas are worth exploring for these types of homes. The Dr. G.C. Stockman House, for instance, was designed by Frank Lloyd Wright and is a stunning classic example of the Prairie School architecture that has become identifiable with the Mason City region. Although you can't live in this dwelling now (it's a museum), you can find prairie houses for sale or rent in areas throughout town.

Enjoy a feast anytime! Mason City has all the familiar chain eateries, but the independently-owned restaurants are the true treat. Housed in Historic Park Inn Hotel, the 1910 Grille is the spot for fine dining in town. Pete's Kitchen serves tasty homemade sandwiches and a variety of desserts. And Willow Run Lounge is great for those wanting to have pub food along with a few drinks.

Decide to buy or rent! 33% of housing units in Mason City are being leased, which is higher than Iowa's average. With a nice mix of homeowners and renters, newcomers here can select among many for sale and for rent listings. There are even some rent to own homes available. To find a suitable property in Mason City, look at a variety of listings, from those near Lester Milligan Park to those around Southbridge Mall.