Rent to own Homes in Channel Lake, IL

Channel Lake, IL is a great place for affordable rent-to-own homes! With a median household income of over $51,875 and a median rent of $1,308, the Channel Lake, IL 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 Channel Lake, IL. 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 Channel Lake, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1408 KENMORE AVE
Rent To Own
Round Lake Beach Ridgewood
Single Family Home
Round Lake Beach, IL 60073
3
1
968 ft2
1955
Hot
2015 ROLLING RIDGE LN
Rent To Own
Lindenhurst
Single Family Home
Lindenhurst, IL 60046
2
2
1475 ft2
1961
Hot
2008 TYLER TRL
Rent To Own
Mchenry
Single Family Home
Mchenry, IL 60051
3
3
1981 ft2
2006
1200 WESTFIELD WAY
Rent To Own
Town And Country
Single Family Home
Mundelein, IL 60060
4
3
3379 ft2
1997
6328 49TH AVE
Rent To Own
Forest Park
Single Family Home
Kenosha, WI 53142
3
1
1025 ft2
1953
8609 LAKESHORE DR
Rent To Own
 
Single Family Home
Pleasant Prairie, WI 53158
3
3
2027 ft2
2017
260 GREGORY M SEARS DR
Rent To Own
 
Single Family Home
Gilberts, IL 60136
4
3
1801 ft2
2003
812 N RIVER RD #2A
Rent To Own
 
Townhouse/Condo
Mount Prospect, IL 60056
2
1
1000 ft2
1983
1609 EDINBURGH DR #117-5
Rent To Own
Tri Village
Townhouse/Condo
Bartlett, IL 60103
3
3
1826 ft2
2005
1 of 14 8809 West Golf Road
Rent To Own
 
Multifamily (2 - 4 Units)
Niles, IL 60714
2
2
1600 ft2
1976
5913 MONROE ST
Rent To Own
Morton Grove
Single Family Home
Morton Grove, IL 60053
3
2
1830 ft2
1960
5537 N CANFIELD AVE
Rent To Own
Norwood Park
Single Family Home
Chicago, IL 60656
2
2
1284 ft2
1946
7350 N RIDGE BLVD #22C
Rent To Own
West Rogers Park
Townhouse/Condo
Chicago, IL 60645
3
2
0 ft2
1930
7403 N HOYNE AVE #1
Rent To Own
Rogers Park
Townhouse/Condo
Chicago, IL 60645
2
2
800 ft2
1930
1 of 5 1517 W Jonquil Ter
Rent To Own
 
Multifamily (2 - 4 Units)
Chicago, IL 60626
2
1
1100 ft2
2000
1748 W Rascher Ave
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60640
2
1
0 ft2
1913
6334 N SHERIDAN RD #3C
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60660
1
1
800 ft2
1928
11325 274TH AVE
Rent to Own Eligible
Camp Lake
Single Family Home
Trevor, WI 53179
1
1
400 ft2
1938
11126 270TH AVE
Rent to Own Eligible
Camp Lake
Single Family Home
Trevor, WI 53179
3
1
1250 ft2
1936
10530 304TH AVE
Rent to Own Eligible
 
Single Family Home
Burlington, WI 53105
3
2
1876 ft2
1964
26217 100TH ST
Rent to Own Eligible
Camp Lake
Single Family Home
Salem, WI 53168
4
3
2702 ft2
1974
New
12065 333RD AVE
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
3
2
1990 ft2
1970
New
22316 121ST ST
Rent to Own Eligible
Lake Shangri La
Single Family Home
Bristol, WI 53104
4
2
1238 ft2
1988
27452 SILVER LAKE RD
Rent to Own Eligible
Hi Woods
Single Family Home
Salem, WI 53168
2
5
5701 ft2
2018
422 N SCHOOL ST
Rent to Own Eligible
Silver Lake
Single Family Home
Silver Lake, WI 53170
4
2
1812 ft2
1958
New
25141 85TH ST
Rent to Own Eligible
 
Single Family Home
Salem, WI 53168
3
2
1363 ft2
1963
34318 BASSETT RD
Rent to Own Eligible
 
Townhouse/Condo
Burlington, WI 53105
5
3
3770 ft2
1910
9304 226TH AVE
Rent to Own Eligible
 
Single Family Home
Salem, WI 53168
3
2
2266 ft2
2019
New
23220 81ST PL
Rent to Own Eligible
 
Single Family Home
Salem, WI 53168
2
1
687 ft2
1936
New
9132 222ND AVE
Rent to Own Eligible
 
Single Family Home
Salem, WI 53168
4
3
2502 ft2
2016
583 OAKWOOD TRL
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
3
3
2069 ft2
1929
7705 241ST AVE
Rent to Own Eligible
Hartnell Heights
Single Family Home
Salem, WI 53168
3
1
1368 ft2
1958
23919 75TH ST
Rent to Own Eligible
 
Single Family Home
Salem, WI 53168
5
2
1428 ft2
1900
7552 334TH AVE
Rent to Own Eligible
 
Single Family Home
Burlington, WI 53105
4
3
3091 ft2
1925
New
6324 245TH AVE
Rent to Own Eligible
Paddock Lake
Single Family Home
Salem, WI 53168
3
2
1450 ft2
2018
131 Lance Dr
Rent to Own Eligible
 
Townhouse/Condo
Twin Lakes, WI 53181
2
2
1140 ft2
1978
27820 60TH ST
Rent to Own Eligible
 
Single Family Home
Salem, WI 53168
3
2
2128 ft2
1940
3159 E LAKESHORE DR
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
6
4
6599 ft2
1940
1500 DIETRICH DR
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
3
4
2516 ft2
1920
1517 PHEASANT AVE
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
2
1
848 ft2
1960
New
1 of 61 7926 Williamsburg Ct
Rent to Own Eligible
 
Townhouse/Condo
Bristol, WI 53104
2
3
2220 ft2
2005
7918 FREDRICKSBURG CT #103
Rent to Own Eligible
 
Townhouse/Condo
Bristol, WI 53104
2
2
2220 ft2
2006
1 of 21 39422 104TH ST
Rent to Own Eligible
 
Single Family Home
Genoa City, WI 53128
2
2
1104 ft2
1950
New
8934 389TH AVE
Rent to Own Eligible
 
Single Family Home
Burlington, WI 53105
3
2
1790 ft2
1954
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Buying a Home in Channel Lake, IL

Channel Lake, IL is seeing rapid growth and Channel Lake, IL's' housing market remains optimal with an average home price that is -21% below the 2024 national average. Channel Lake, IL is part of Lake 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 Lake is 2.19% which is above the national average, which is 0.99%.

Median Home Price in Channel Lake, IL

Median Rent in Channel Lake, IL

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