Rent to own Homes in East St. Louis, IL
Located directly across the Mississippi River from St. Louis, East Saint Louis has a population of 27,006. To complement their neighbor across the river, East St. Louis has the world's second tallest fountain in the world, the Gateway Geyser, that can shoot water to the same height of the Gateway Arch. Today, East St. Louis is home to the Gateway International Raceway that attracts thousands of visitors every year to experience the thrill of NASCAR.
East St. Louis, IL is a great place for affordable rent-to-own homes! With a median household income of over $24,009 and a median rent of $482, the East St. Louis, 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 East St. Louis, 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.
More East St. Louis, IL Property Resources
Rent to own Homes in Cities Near East St. Louis, IL
- Affton
- Arnold
- Ballwin
- Bella Villa
- Bellerive
- Bel-Nor
- Berkeley
- Beverly Hills
- Bridgeton
- Calverton Park
- Champ
- Chesterfield
- Clarkson Valley
- Clayton
- Country Life Acres
- Crestwood
- Crystal Lake Park
- Ferguson
- Flordell Hills
- Florissant
- Frontenac
- Glendale
- Glen Echo Park
- Green Park
- Hanley Hills
- Hazelwood
- High Ridge
- Hillsdale
- Huntleigh
- Imperial
- Kinloch
- Lakeshire
- Manchester
- Maryland Heights
- Normandy
- Oakland
- Olivette
- Overland
- Pagedale
- Peaceful Village
- Pevely
- Pine Lawn
- Portage Des Sioux
- Sycamore Hills
- University City
- Velda City
- Vinita Terrace
- Wellston
- Westwood
- Wilbur Park
Neighborhoods in East St. Louis, IL
No neighborhoods foundPopular Zip Codes in East St. Louis, IL
62202 rent to own homes 62205 rent to own homes 62203 rent to own homesBuying a Home in East St. Louis, IL
East St. Louis, IL is seeing rapid growth and East St. Louis, IL's' housing market remains optimal with an average home price that is -75% below the 2024 national average. East St. Louis, IL is part of St. Clair 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 St. Clair is 1.87% which is above the national average, which is 0.99%.
Median Home Price in East St. Louis, IL
Median Rent in East St. Louis, IL
Top 5 Reasons to Live in East St. Louis, IL
The need for speed! Visit the Gateway International Raceway every Saturday night in spring and summer to watch a local drag race. You can also get behind the wheel of a NASCAR vehicle at the Rusty Wallace Driving Experience, where you'll learn from one of the best in the business about what it takes to drive a vehicle at 200 mph.
Great local entertainment! Although East St. Louis will never be mistaken for the Las Vegas Strip, it is home to the Casino Queen. Stretching for more than two city blocks, the casino includes everything you would find in Las Vegas or Atlantic City -- including slots, blackjack and poker. Head to the Majestic Theatre for a show; it was the first cinema in the region to feature air conditioning in the early 1900s.
Mouth-watering cuisine! For the best cut of meat in the city, make Prime Steakhouse your destination for the best dining experience in East St. Louis. For something affordable but no less tasty, Tienda El Ranchito has delicious Mexican cuisine.
Homes for the price of a car! With the median sale price of a home in the United States near $200,000, it is hard to imagine that it would be possible to pay just over $40,000 for a single-family residence. In East St. Louis, the median sale price is just $40,903. For the price of an entry-level luxury sedan you can purchase a home in a neighborhood like Edgemont or Rose Lake.
Opportunities for great housing deals! Of the 200 homes for sale in East St. Louis, nearly 75 percent of them are foreclosures. They represent the perfect opportunity to make an aggressive offer far below market value that will help the owner recoup their losses. That means more savings for you! Rent to own homes like these are available in plentiful supply in areas like the City Center and Bond Avenue.