Rent to own Homes in Magnolia, IL

Magnolia, IL is a great place for affordable rent-to-own homes! With a median household income of over $53,750 and a median rent of $670, the Magnolia, 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 Magnolia, 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 Magnolia, 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 24 108 N SEIGEL ST
Rent To Own
 
Single Family Home
Lostant, IL 61334
3
2
1910 ft2
1982
Hot
1 of 12 309 N DIVISION ST
Rent To Own
 
Single Family Home
Granville, IL 61326
2
1
700 ft2
1 of 25 813 GREEN ST
Rent To Own
 
Single Family Home
Henry, IL 61537
3
3
1958 ft2
1978
Hot
1 of 14 120 N TERRY ST
Rent To Own
 
Single Family Home
Spring Valley, IL 61362
4
2
1200 ft2
1942
1 of 20 309 W 2ND ST
Rent To Own
 
Single Family Home
Oglesby, IL 61348
2
2
1169 ft2
1956
Hot
22 BLACK PARTRIDGE RUN
Rent To Own
 
Single Family Home
Hopewell, IL 61565
3
3
1836 ft2
1978
1 of 22 1142 W CEDAR CT
Rent To Own
 
Single Family Home
Chillicothe, IL 61523
4
2
1906 ft2
1977
Hot
1 of 31 3432 E 8TH RD
Rent To Own
 
Single Family Home
Utica, IL 61373
3
2
1859 ft2
1968
1 of 22 617 CELEBRATION DR
Rent To Own
 
Single Family Home
Princeton, IL 61356
4
2
2253 ft2
2008
1628 N 2510TH RD
Rent To Own
 
Single Family Home
Ottawa, IL 61350
3
3
1734 ft2
1978
132 Hollyhock Lane
Rent To Own
 
Multifamily (2 - 4 Units)
Metamora, IL 61548
4
1
1660 ft2
1980
1 of 12 5307 E RICHLAND AVE
Rent To Own
 
Single Family Home
Chillicothe, IL 61523
3
1
1013 ft2
1950
1 of 4 402 S MAIN ST
Rent To Own
 
Single Family Home
La Moille, IL 61330
3
1
1800 ft2
1 of 30 503 SOMERSET DR
Rent To Own
 
Single Family Home
Germantown Hills, IL 61548
6
3
3209 ft2
2012
1 of 8 710 HICKORY CREEK CT
Rent To Own
 
Single Family Home
Metamora, IL 61548
3
3
2300 ft2
1992
1 of 14 #2 Woodhaven Court
Rent To Own
 
Multifamily (2 - 4 Units)
Metamora, IL 61548
3
2
1500 ft2
1981
Hot
1 of 46 2800 TURNBERRY DR
Rent To Own
 
Single Family Home
Ottawa, IL 61350
4
2
1704 ft2
2002
1 of 48 12636 1200 East Street
Rent To Own
 
Multifamily (2 - 4 Units)
Buda, IL 61314
6
4
4500 ft2
2003
1 of 44 12625 N COLONY RD
Rent To Own
 
Single Family Home
Dunlap, IL 61525
4
3
3595 ft2
1977
1 of 31 105 WHISTLING STRAIT
Rent To Own
 
Single Family Home
Washington, IL 61571
4
3
3646 ft2
2011
1 of 15 11520 North Dunmore Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Dunlap, IL 61525
5
4
3500 ft2
2005
Hot
1 of 26 1725 W GENEVA RD
Rent To Own
 
Single Family Home
Peoria, IL 61615
3
3
1650 ft2
2000
1 of 3 10514 N SCHOPP LN
Rent To Own
 
Single Family Home
Peoria, IL 61615
3
3
1634 ft2
1997
1 of 23 410 LOTUS LN
Rent To Own
 
Single Family Home
Washington, IL 61571
3
1
1009 ft2
1959
Hot
1308 NE ROCK ISLAND AVE
Rent To Own
Averyville
Single Family Home
Peoria, IL 61603
2
2
938 ft2
1933
Hot
1 of 4 117 CAMELIN DR
Rent To Own
 
Single Family Home
Washington, IL 61571
4
3
5341 ft2
2022
1 of 19 6903 N PATRICIA LN
Rent To Own
North Peoria
Single Family Home
Peoria, IL 61614
3
2
1008 ft2
1959
Hot
1 of 11 2806 N WISCONSIN AVE
Rent To Own
East Bluff
Single Family Home
Peoria, IL 61603
3
1
1624 ft2
1945
1 of 36 115 W MERLE LN
Rent To Own
North Florence
Single Family Home
Peoria, IL 61604
4
3
2936 ft2
1954
1 of 30 324 BROOKVIEW RD
Rent To Own
 
Single Family Home
East Peoria, IL 61611
4
2
2100 ft2
1959
Hot
1513 NE PERRY AVE
Rent To Own
North Valley
Single Family Home
Peoria, IL 61603
5
2
2255 ft2
1930
Hot
1 of 26 104 LEE CT
Rent To Own
 
Single Family Home
East Peoria, IL 61611
3
2
1144 ft2
1989
Hot
1 of 36 121 FLEUR DE LIS DR
Rent To Own
 
Single Family Home
East Peoria, IL 61611
4
4
3966 ft2
1994
1 of 21 1723 W LAMONT AVE
Rent To Own
Central Peoria
Single Family Home
Peoria, IL 61614
3
1
1186 ft2
1959
Hot
1 of 26 3010 W GREENBRIER LN
Rent To Own
Northwest Peoria
Single Family Home
Peoria, IL 61614
4
4
2084 ft2
1960
Hot
1 of 21 2132 N HAMPTON CT
Rent To Own
West Bluff
Single Family Home
Peoria, IL 61604
3
1
1087 ft2
1942
1 of 10 401 SW Water Street, Unit 410
Rent To Own
Downtown Peoria
Multifamily (2 - 4 Units)
Peoria, IL 61602
1
1
607 ft2
1910
1 of 17 106 Champion Dr
Rent To Own
 
Multifamily (2 - 4 Units)
Chenoa, IL 61726
3
2
2016 ft2
2001
4377 N STATE ROUTE 23
Rent To Own
 
Single Family Home
Leland, IL 60531
4
4
1460 ft2
1991
1 of 50 332 PARK AVE
Rent To Own
 
Single Family Home
East Peoria, IL 61611
3
2
1554 ft2
2010
403 PROSPECT AVE
Rent To Own
 
Single Family Home
East Peoria, IL 61611
1
1
480 ft2
1939
1 of 8 106 CASTLEMAN CT
Rent To Own
 
Single Family Home
Creve Coeur, IL 61610
3
2
1625 ft2
2008
Hot
1 of 14 2907 W STARR ST
Rent To Own
South Peoria
Single Family Home
Peoria, IL 61605
3
2
1260 ft2
1914
Hot
1 of 55 4729 W MEROL CT
Rent To Own
 
Single Family Home
Peoria, IL 61604
3
2
1512 ft2
1958
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Buying a Home in Magnolia, IL

Magnolia, IL is seeing rapid growth and Magnolia, IL's' housing market remains optimal with an average home price that is -60% below the 2024 national average. Magnolia, IL is part of Putnam 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 Putnam is 1.66% which is above the national average, which is 0.99%.

Median Home Price in Magnolia, IL

Median Rent in Magnolia, IL

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