Rent to own Homes in Illinois

Illinois is known as "The Prairie State" because most of the state was originally covered in prairie grasses. Although it is more developed at this point, there's still a homey feel to much of the state. Its 12,671,821 residents share 2,787 cities, each with its own governing body, and there are a total of 852 school districts in Illinois. The primary industries in the state include healthcare, manufacturing, retail, education, hospitality, and finance and insurance.

Corporate giants such as Walgreens Boots Alliance, State Farm Insurance, Caterpillar Tractor, AbbVie, Abbott Laboratories, McDonald's, and many more have their national headquarters in Illinois. There are many jobs available and a variety of housing types and cultural opportunities. Deciding to move to Illinois might be easy, but with so many options to choose from, figuring out exactly where to buy a home might be a little more difficult.

Illinois is a great place for affordable rent-to-own homes! With a median household income of over $68,428 and a median rent of $1,038, the Illinois 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 Illinois. 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 Illinois rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
Hot
255 44TH ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Moline, IL 61265
884 Sqft | Built in 1915
Hot
505 S RUSSELL ST
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Marion, IL 62959
1,196 Sqft | Built in 1950
2906 W WILCOX ST
9 Beds, 3 Baths
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
2,832 Sqft | Built in 1905
Hot
306 W REED ST
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Benton, IL 62812
7343 Country Creek Way UNIT 4
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
972 Sqft | Built in 1975
1004 BERMUDA DR
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
2,131 Sqft | Built in 1999
726 W SLOAN ST
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Harrisburg, IL 62946
1,361 Sqft | Built in 1930
6704 W FOREST PRESERVE DR
3 Beds, 3 Baths
Rent To Own
Harwood Heights
Single Family Home
Harwood Heights, IL 60706
1,326 Sqft | Built in 1998
Rent to own homes offer low monthly payments and flexible terms
319 S WEBSTER ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Peoria, IL 61605
986 Sqft | Built in 1970
7620 S CALUMET AVE
4 Beds, 4 Baths
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
1,386 Sqft | Built in 1921
1609 EDINBURGH DR #117-5
3 Beds, 3 Baths
Rent To Own
 
Townhouse/Condo
Bartlett, IL 60103
1,826 Sqft | Built in 2005
84 PUEBLO RD
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Montgomery, IL 60538
988 Sqft | Built in 1960
2317 31ST ST
2 Beds, 1 Bath
Rent To Own
Villa Park
Single Family Home
Moline, IL 61265
1,207 Sqft | Built in 1953
321 N FILLMORE ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
1,429 Sqft | Built in 1881
8724 S ESSEX AVE
5 Beds, 3 Baths
Rent To Own
South Chicago
Single Family Home
Chicago, IL 60617
1,987 Sqft | Built in 1924
956 W 115TH PL
3 Beds, 1.5 Bath
Rent To Own
West Pullman
Townhouse/Condo
Chicago, IL 60643
731 Sqft | Built in 1966
101 4TH AVE
5 Beds, 2 Baths
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
2,314 Sqft | Built in 1977
207 JEFFERSON RD
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
1,000 Sqft | Built in 1951
1832 W BUTLER ST
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Peoria, IL 61605
1,272 Sqft | Built in 1924
3648 WHITE EAGLE DR
5 Beds, 3 Baths
Rent To Own
White Eagle Club
Single Family Home
Naperville, IL 60564
2,896 Sqft | Built in 1996
11214 E RIVIERA DR
5 Beds, 4 Baths
Rent To Own
 
Single Family Home
Spring Grove, IL 60081
3,200 Sqft | Built in 1998
260 GREGORY M SEARS DR
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Gilberts, IL 60136
1,801 Sqft | Built in 2003
1618 S GRISWOLD ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Peoria, IL 61605
728 Sqft | Built in 1940
Hot
600 MILL ST
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Kane, IL 62054
1,250 Sqft
212 W UNION ST
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
1,500 Sqft | Built in 1930
100 E 14TH ST
2 Beds, 2 Baths
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
1,248 Sqft | Built in 1919
2752 SAND RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
3,584 Sqft | Built in 1978
1355 N SANDBURG TER #407D
1 Bed, 1 Bath
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
Built in 1962
2008 TYLER TRL
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Mchenry, IL 60051
1,981 Sqft | Built in 2006
5856 S PRAIRIE AVE #3
3 Beds, 2 Baths
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
1,250 Sqft | Built in 2002
636 PEARCES FRD
5 Beds, 4 Baths
Rent To Own
 
Single Family Home
Oswego, IL 60543
2,800 Sqft | Built in 1988
9519 S FOREST AVE
3 Beds, 2 Baths
Rent To Own
Roseland
Single Family Home
Chicago, IL 60628
1,100 Sqft | Built in 1960
Hot
730 WEBSTER ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Warsaw, IL 62379
1,200 Sqft | Built in 1950
5913 MONROE ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Morton Grove, IL 60053
1,830 Sqft | Built in 1960
480 GALATIA RD
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Galatia, IL 62935
1,000 Sqft | Built in 1992
2301 SUMMERLIN DR
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Aurora, IL 60503
1 of 5 Carbondale – 2 Bedroom, 1 Bathroom
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Carbondale, IL 62901
110 WASHINGTON ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Saint Jacob, IL 62281
980 Sqft | Built in 1940
213 E HIGH ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Princeville, IL 61559
1,272 Sqft | Built in 1955
4636 N Racine Ave APT 2, Chicago, IL 60640
2 Beds, 1 Bath
Rent To Own
Uptown
Single Family Home
Chicago, IL 60640
1,200 Sqft | Built in 1906
1 of 5 111 S VIOLET LN
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Carbondale, IL 62901
Built in 1979
240 E ILLINOIS ST #1708
2 Beds, 2 Baths
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
1,293 Sqft | Built in 2003
Hot
532 HOMESTEAD AVE
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Swansea, IL 62226
3,760 Sqft | Built in 1988
1 of 15 3709 WINWARD WAY DR
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Belleville, IL 62226
2,500 Sqft | Built in 2007
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More Illinois Property Resources

Rent to own Homes in Cities Near Illinois

Median Home Price in Illinois

Median Rent in Illinois

Rent to own homes offer low monthly payments and flexible terms

Average Cost of Living in Illinois

It's pretty easy to find an affordable place to live in Illinois. The average cost of living in the state is 6.6% lower than the national average. Although cities like Lake Forest have an overall cost of living that's 69.9% more than the rest of the country, there are plenty of municipalities that are much less costly. For example, Percy and Peoria are 26.5% and 24% below average, respectively.

Average Home Prices in Illinois

The median price of a home in Illinois is $183,700, which is 20.5% lower than the national average of $231,200. Springfield homes have a price tag of $105,400 - 54.4% lower than the national average - and Chicago's average of $229,100 is only slightly below average. In general, there are many affordable housing options in Illinois, and these are even more affordable when you consider buying a rent-to-own home.

Illinois Statistics

If you're interested in Illinois 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 Illinois statistics compared to the U.S. national average.

Illinois Averages National Averages
One-Way Commute 28.7 minutes 26.4 minutes
Violent Crime 24.8 22.7
Property Crime 30.9 35.4
Unemployment Rate 4.3% 3.9%
Income Tax Rate 5.0% 4.6%
Air Quality 62 58
Water Quality 36 55
Median Household Income $57,166 $53,482
Median Property Taxes $4,100 $2,200
Utilities $280/month $112/month
Monthly Rent $1,000 $1,470
Median Home Cost $183,700 $231,200
Median Home Age 46 years 40 years

Popular Illinois Cities

Chicago - With more than 2.5 million residents, Chicago is the only large city in Illinois. Sports are front and center in the Windy City, with professional teams such as the Bulls, Blackhawks, Cubs, White Sox, Bears, and the Chicago Sky. The city has an amazing economy with a $609 billion gross regional product, which is higher than many small countries' gross domestic product. Hundreds of major corporations and dozens of Fortune 500 companies are based in Chicago. Economic opportunities abound for people who move to the city.

Springfield - Although it is the capital of Illinois, Springfield only had 114,230 residents in 2019. Abraham Lincoln and his wife Mary lived in Springfield for 17 years, and many people come to the city to visit the Lincoln Home National Historic Site and the surrounding neighborhood, which was restored to its 1800s appearance. Other popular stops in Springfield include the Abraham Lincoln Presidential Library and Museum, the Henson Robinson Zoo, and several other museums and parks.

Peoria - Peoria is a port city located along the Illinois River. It had 110,417 residents in 2019, and it only comprises 48 square miles, but it has a lot to offer for a city of its size. Its primary industries are construction, manufacturing, and shipping. The scenic, relaxing Grandview Drive was dubbed by President Theodore Roosevelt as the world's most beautiful drive. The Peoria Zoo, a botanical garden, the Par-A-Dice Hotel Casino, and more are all located within city limits.

Popular Amenities and Attractions in Illinois

Grant Park, named after President Ulysses S. Grant, is 313 acres and is located in the middle of Chicago's business district. There are several museums on-site, including the Field Museum of Natural History, the Adler Planetarium, the Shedd Aquarium, and the Art Institute of Chicago. The park offers a variety of recreational activities and food and music festivals. It is the location where the Chicago Marathon begins and ends.

Starved Rock State Park is an excellent spot for people who enjoy the outdoors. It has 133 premium campsites, a campground store that sells camping supplies, and 18 canyons with seasonal waterfalls. Other amenities include boat and trolley tours, kayak and canoe rentals, and 13 miles of hiking trails. After spending the day outdoors, you can visit the lodge and dine at its on-site restaurant or sit down to a meal at the park's picnic area.

More than 117 million people visited Illinois in 2018 because of what it has to offer. If you're thinking of relocating, this state should definitely be on your radar. Find your Illnois rent-to-own home today.

Illinois Frequently Asked Questions

Illinois has a walk score of

Illinois has a bike score of

The state tax rate is 4.95% 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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