Rent to own Homes in Decatur, IL

Decatur, Illinois, was founded in 1829. Known as "The Soybean Capital of the World," Decatur is home to just over 76,000 people. Education is big in Decatur: Millikin University and Richland Community College help keep the population young and energetic. Both Abraham Lincoln and agriculture juggernaut Archer Daniels Midland lived in Decatur at one time.

Decatur, IL is a great place for affordable rent-to-own homes! With a median household income of over $45,404 and a median rent of $688, the Decatur, 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 Decatur, 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 Decatur, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1 of 26 1749 W FOREST AVE
Rent To Own
West End
Single Family Home
Decatur, IL 62522
6
2
0 ft2
1605 FLEETWOOD CT
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
3
1
1754 ft2
1973
1 of 11 704 Shorewood Dr. #1
Rent To Own
Shorewood
Multifamily (2 - 4 Units)
Decatur, IL 62521
2
2
1154 ft2
1984
Hot
1 of 9 1673 N UNION ST
Rent To Own
GM Square
Single Family Home
Decatur, IL 62526
2
2
1158 ft2
1894
1 of 14 4441 North Waterford Court
Rent To Own
Cresthaven
Multifamily (2 - 4 Units)
Decatur, IL 62526
2
2
1505 ft2
1996
1 of 15 1444 S 44TH ST
Rent To Own
Baker Woods
Single Family Home
Decatur, IL 62521
4
1
1092 ft2
1930
1 of 24 3304 E BIRCH ST
Rent To Own
Muffley
Single Family Home
Decatur, IL 62521
3
2
1740 ft2
1950
Hot
1 of 22 4188 E LAKE SHORE DR
Rent To Own
Homewood
Single Family Home
Decatur, IL 62521
2
2
1316 ft2
1928
1 of 27 440 SHERIDAN DR
Rent To Own
Bayview
Single Family Home
Decatur, IL 62521
3
2
1488 ft2
1957
1 of 25 11 WESTERN DR
Rent To Own
Lost Bridge
Single Family Home
Decatur, IL 62521
3
1
1164 ft2
1942
1822 RACE DR
Rent To Own
 
Single Family Home
Decatur, IL 62521
3
2
1968 ft2
1961
1 of 33 2302 N FAIRVIEW AVE
Rent To Own
Ravina Park
Single Family Home
Decatur, IL 62526
2
1
960 ft2
1958
1 of 28 7986 MACCORY DR
Rent To Own
 
Single Family Home
Oreana, IL 62554
3
1
1176 ft2
1962
1 of 20 5415 PIN OAK LN
Rent To Own
 
Single Family Home
Decatur, IL 62521
4
4
1900 ft2
2001
1 of 28 3356 E LEAFDALE AVE
Rent To Own
Scovill Gardens
Single Family Home
Decatur, IL 62521
3
2
1570 ft2
1952
Hot
1 of 19 2587 PHEASANT RUN
Rent To Own
Wildwood
Single Family Home
Decatur, IL 62521
3
2
1700 ft2
1993
1 of 36 442 W ASH AVE
Rent To Own
Windsor Village
Single Family Home
Decatur, IL 62526
4
4
2216 ft2
1975
Hot
1 of 6 952 N LINDEN AVE
Rent To Own
Fairlawn
Single Family Home
Decatur, IL 62522
3
3
1344 ft2
1966
1 of 9 610 S MONROE ST
Rent To Own
Lincoln Park
Single Family Home
Decatur, IL 62522
4
3
2465 ft2
1929
1 of 20 4146 DEAN DR
Rent To Own
 
Single Family Home
Decatur, IL 62526
3
2
1440 ft2
1963
1 of 33 3727 SIMS CT
Rent To Own
Sims
Single Family Home
Decatur, IL 62526
3
3
4136 ft2
1991
Hot
1 of 11 3665 SIMS DR
Rent To Own
Sims
Single Family Home
Decatur, IL 62526
3
2
1443 ft2
1994
Hot
1 of 11 37 FAIRVIEW PL
Rent To Own
West End
Single Family Home
Decatur, IL 62522
3
2
672 ft2
1925
2315 HOYT CT
Rent To Own
Home Park
Single Family Home
Decatur, IL 62526
4
3
2566 ft2
1961
Hot
1 of 20 1518 HUNTERS VIEW DR
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
5
4
2509 ft2
2009
1 of 37 4620 E GLENWOOD DR
Rent To Own
 
Single Family Home
Decatur, IL 62521
5
4
4200 ft2
2006
1 of 57 2625 DAY DR
Rent To Own
 
Single Family Home
Decatur, IL 62521
4
5
3390 ft2
2005
515 W WILDWOOD DR
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
3
3
1714 ft2
1972
1 of 47 784 SPYGLASS BLVD
Rent To Own
 
Single Family Home
Forsyth, IL 62535
3
3
2701 ft2
1998
Hot
1 of 49 1242 RAPTOR LN
Rent To Own
 
Single Family Home
Forsyth, IL 62535
4
4
4012 ft2
2010
1 of 24 212 PRAIRIE LN
Rent To Own
 
Single Family Home
Forsyth, IL 62535
4
4
2800 ft2
2008
1 of 15 435 BELL ST
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
3
2
2600 ft2
1904
420 S JOYNT RD
Rent To Own
 
Single Family Home
Decatur, IL 62522
3
2
1492 ft2
1950
1 of 9 184 E.Claremont St.
Rent To Own
 
Multifamily (2 - 4 Units)
Argenta, IL 62501
3
3
2210 ft2
2001
Hot
1 of 14 612 W MAIN ST
Rent To Own
 
Single Family Home
Bethany, IL 61914
2
1
1240 ft2
1971
Hot
1 of 8 230 W MADISON ST
Rent To Own
 
Single Family Home
Moweaqua, IL 62550
2
2
1200 ft2
1953
5036 SILVERADO LN
Rent To Own
 
Single Family Home
Clinton, IL 61727
5
4
4490 ft2
2004
1 of 29 46 PARK LN
Rent To Own
 
Single Family Home
Clinton, IL 61727
3
3
1371 ft2
1971
314 E JEFFERSON ST
Rent To Own
 
Single Family Home
Clinton, IL 61727
4
3
3438 ft2
1918
907 S LONGVIEW RD
Rent To Own
 
Single Family Home
Monticello, IL 61856
3
2
1187 ft2
1 of 25 510 S VINE ST
Rent To Own
 
Single Family Home
Arthur, IL 61911
5
2
2505 ft2
1920
1 of 22 1424 W SUNSET DR
Rent To Own
 
Single Family Home
Taylorville, IL 62568
3
2
1400 ft2
1969
1 of 5 911 HAWLEY ST
Rent To Own
 
Single Family Home
Taylorville, IL 62568
2
1
775 ft2
1950
Hot
1 of 25 312 AUTUMN DR
Rent To Own
 
Single Family Home
Dawson, IL 62520
3
2
1650 ft2
1993
Map
Sponsored Link

More Decatur, IL Property Resources

Rent to own Homes in Cities Near Decatur, IL

Browse all Rent to own Homes in Illinois

Buying a Home in Decatur, IL

Decatur, IL is seeing rapid growth and Decatur, IL's' housing market remains optimal with an average home price that is -61% below the 2024 national average. Decatur, IL is part of Macon 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 Macon is 2.01% which is above the national average, which is 0.99%.

Median Home Price in Decatur, IL

Median Rent in Decatur, IL

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

Top Reasons to Live in Decatur IL

Housing statistics Decatur is popular because of its affordable housing costs. In 2009, the average price of a home was just over $123,000. The average cost for the 13 new construction homes for sale in 2011 was just $172,000. The average rental rate was just $449. Approximately a third of the houses here are rentals, with 56 percent being owner-occupied and another 10.49 percent being vacant. High vacancy rates help rents stay low and increase the chances of rent to own houses hitting the market.

Arts and Culture Arts and culture play very important roles in the lifestyle of the people living in Decatur. There are a number of museums here, including the African-American Cultural and Genealogical Society of Illinois Museum, the Birks Museum, the Children's Museum of Illinois, and Macon County Museum. There are also a number of smaller galleries exploring the area's thriving art scene. The culture of the city covers a number of areas such as sports, music, library, professional golf, high school basketball, softball and the media. Both sports and music play a very important role in the community. Decatur was the original home of the Chicago Bears, and its municipal band, which was established in 1857, is the oldest in the country.

Weather and Climate Decatur is noted for its full four-season climate, experiencing both hot and humid summers with temps up to 89 degrees F and cold, snowy winters that get down to an average of 19 degrees F. There's roughly 108 days of precipitation each year, providing an average of 38 inches of snow and 35 inches of rain annually. The city's residents also get the benefit of 199 sunny days a year.

Neighborhoods Decatur has had problems with crime in some areas over recent years, garnering itself the nickname, "Little Chicago." Here are two neighborhoods in the city you should know about: