Rent to own Homes in Joliet, IL

Joliet, Illinois has long been considered a suburb of Chicago, but people are now discovering that Joliet is a destination unto itself. Joliet, which is the fastest growing city in Illinois, is home to The Route 66 Raceway, one of the best racecar tracks in the Midwest, as well as the Chicagoland Speedway, another great place to quench your need for speed. Located just 45 miles southwest of Chicago, Joliet offers quiet, peaceful living with easy access to one of the most exciting cities in the country. Here, you can visit the site of the first Dairy Queen, now a church, as well as see the beautiful and historic Rialto Square Theatre.

Joliet, IL is a great place for affordable rent-to-own homes! With a median household income of over $72,871 and a median rent of $1,077, the Joliet, 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 Joliet, 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 Joliet, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
Hot
636 PEARCES FRD
Rent To Own
 
Single Family Home
Oswego, IL 60543
5
4
2800 ft2
1988
84 PUEBLO RD
Rent To Own
Boulder Hill
Single Family Home
Montgomery, IL 60538
3
1
988 ft2
1960
2301 SUMMERLIN DR
Rent To Own
 
Single Family Home
Aurora, IL 60503
2
2
0 ft2
3648 WHITE EAGLE DR
Rent To Own
White Eagle Club
Single Family Home
Naperville, IL 60564
5
3
2896 ft2
1996
12A Kingery Quarter Rd #104
Rent To Own
 
Single Family Home
Willowbrook, IL 60527
1
1
800 ft2
1981
7343 Country Creek Way UNIT 4
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
2
2
972 ft2
1975
1 of 22 2S110 COLONIAL LN
Rent To Own
 
Single Family Home
Lombard, IL 60148
4
2
1944 ft2
1965
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
956 W 115TH PL
Rent To Own
Morgan Park
Townhouse/Condo
Chicago, IL 60643
3
2
731 ft2
1966
Hot
9519 S FOREST AVE
Rent To Own
Roseland
Single Family Home
Chicago, IL 60628
3
2
1100 ft2
1960
7620 S CALUMET AVE
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
4
4
1386 ft2
1921
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 ft2
1905
6704 W FOREST PRESERVE DR
Rent To Own
Harwood Heights
Single Family Home
Harwood Heights, IL 60706
3
3
1326 ft2
1998
7115 S SAINT LAWRENCE AVE
Rent To Own
Park Manor
Townhouse/Condo
Chicago, IL 60619
6
4
2773 ft2
1890
1609 EDINBURGH DR #117-5
Rent To Own
Tri Village
Townhouse/Condo
Bartlett, IL 60103
3
3
1826 ft2
2005
5856 S PRAIRIE AVE #3
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1250 ft2
2004
5537 N CANFIELD AVE
Rent To Own
Norwood Park
Single Family Home
Chicago, IL 60656
2
2
1284 ft2
1946
5739 S CALUMET AVE #3N
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1400 ft2
1901
1 of 38 8724 S ESSEX AVE
Rent To Own
South Chicago
Single Family Home
Chicago, IL 60617
5
3
1987 ft2
1924
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
1 of 75 5555 S Everett Ave
Rent To Own
 
Single Family Home
Chicago, IL 60637
4
3
2400 ft2
1924
3017 E 78th St APT 2B
Rent To Own
South Shore
Single Family Home
Chicago, IL 60649
1
1
800 ft2
1924
222 N COLUMBUS DR #3203
Rent To Own
The Loop
Townhouse/Condo
Chicago, IL 60601
2
2
1225 ft2
2001
240 E ILLINOIS ST #1708
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
2
2
1293 ft2
2005
1355 N SANDBURG TER #407D
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
1
1
0 ft2
1964
14701 W 93rd Ave
Rent To Own
 
Single Family Home
Dyer, IN 46311
3
3
1822 ft2
1 of 14 8809 West Golf Road
Rent To Own
 
Multifamily (2 - 4 Units)
Niles, IL 60714
2
2
1600 ft2
1976
505 N LAKE SHORE DR #6601
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
3
4
2975 ft2
1970
2745 N HAMPDEN CT #2E
Rent To Own
Lincoln Park
Townhouse/Condo
Chicago, IL 60614
3
1
1100 ft2
1916
5913 MONROE ST
Rent To Own
Morton Grove
Single Family Home
Morton Grove, IL 60053
3
2
1830 ft2
1960
4636 N Racine Ave APT 2, Chicago, IL 60640
Rent To Own
Uptown
Single Family Home
Chicago, IL 60640
2
1
1200 ft2
1906
1748 W Rascher Ave
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60640
2
1
0 ft2
1913
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
6334 N SHERIDAN RD #3C
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60660
1
1
800 ft2
1928
1 of 5 1517 W Jonquil Ter
Rent To Own
 
Multifamily (2 - 4 Units)
Chicago, IL 60626
2
1
1100 ft2
2000
1 of 26 22545 S RIVER RD
Rent To Own
 
Single Family Home
Shorewood, IL 60404
3
2
1438 ft2
1970
1 of 21 417 S MIDLAND AVE
Rent To Own
 
Single Family Home
Joliet, IL 60436
3
4
1990 ft2
1920
1 of 37 2701 GREAT MEADOW DR
Rent To Own
 
Single Family Home
Joliet, IL 60432
5
4
4000 ft2
2006
Hot
1 of 8 3242 LIGHTNING CT
Rent To Own
New Lenox
Single Family Home
New Lenox, IL 60451
3
3
1800 ft2
2003
Hot
2003 HAVENHILL DR
Rent To Own
 
Single Family Home
Plainfield, IL 60586
4
3
2333 ft2
1998
Hot
1207 ILLINI DR
Rent To Own
Lockport
Single Family Home
Lockport, IL 60441
4
3
2500 ft2
1977
Hot
1 of 43 9022 SCHLAPP RD
Rent To Own
 
Single Family Home
Yorkville, IL 60560
5
3
1882 ft2
2006
1 of 10 23255 W GRINTON DR
Rent To Own
 
Single Family Home
Plainfield, IL 60586
4
2
2286 ft2
1972
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Buying a Home in Joliet, IL

Joliet, IL is seeing rapid growth and Joliet, IL's' housing market remains optimal with an average home price that is -11% below the 2024 national average. Joliet, IL is part of Will 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 Will is 2.05% which is above the national average, which is 0.99%.

Median Home Price in Joliet, IL

Median Rent in Joliet, IL

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

Top Reasons to Live in Joliet, IL

Housing While Joliet is a great place to live, it's not necessarily a cheap place to live. The median home sale price there is $110,000, and it continues to be a seller's market. It also has a very small number of housing vacancies - 6.37 percent - so it can be a little difficult to find just the right place for you to buy, rent, or rent to own. The annual residential turnover in Joliet is 14 percent, though, so it's not impossible to find a home there when you decide to relocate. Most residences in Joliet are single-family homes; there are nearly 10 times as many of them on the market than all the townhouses, condos, and multi-family homes combined. So if you're looking to rent or buy an apartment, Joliet might not be the best place for you.

About the City Lots of people in Joliet love to watch the races at Chicagoland Speedway and the Route 66 Raceway. But people who like to actually play sports can find lots to do in Joliet as well. There are several parks in the city, each of which offers sports leagues for both kids and adults. Golfers can play a round at one of the city's three public golf courses - Inwood, Wedgewood, and Woodruff - and skaters can ice skate at the Inwood Ice Area. There's not much to offer in Joliet in terms of professional sports, but luckily, nearby Chicago has professional basketball, baseball, football and hockey teams.

Nightlife While Joliet residents like sports during the day, they like to have a good time at night, and Joliet has no shortage of nightlife options. Chicago Street Pub is a local favorite; it serves bar food and great drinks, and there is live music on the weekends. Judge's is a great sports bar if you can't actually make it into Chicago to watch your favorite teams play live, but you still want to watch with a raucous crowd. The Department is one of Joliet's trendier bars; it is a place to see and be seen, and the atmosphere is great for anyone who likes more sophisticated surroundings when they drink.

Transportation Getting around Joliet is never a hassle, though residents say it's necessary to have a car. There isn't any public transportation right in the city, but it is possible to get to Chicago by commuter rail. Traffic getting into Chicago can be hectic, especially at rush hour and weekends, so if it's possible to take public transportation from your home into the city, do it.

Neighborhoods Joliet is so small that some people consider it a neighborhood unto itself. The downtown area is the hub of business and entertainment, but there are lots of great places to live throughout the entire town, whether you are looking for a rental apartment, purchasable home, or rental home.