Rent to own Homes in Melvin, IL

Melvin, IL is a great place for affordable rent-to-own homes! With a median household income of over $46,071 and a median rent of $697, the Melvin, 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 Melvin, 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 Melvin, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
105 N COLER AVE
Rent To Own
 
Single Family Home
Urbana, IL 61801
5
2
1890 ft2
1914
Hot
1 of 8 621 W STATE ST
Rent To Own
 
Single Family Home
Paxton, IL 60957
3
1
1056 ft2
1976
105 N CHANUTE ST
Rent To Own
 
Single Family Home
Rantoul, IL 61866
2
1
720 ft2
1925
1 of 19 61 GLENBROOK LN
Rent To Own
 
Single Family Home
Fisher, IL 61843
3
2
1288 ft2
1980
1 of 11 208 S WEST ST
Rent To Own
 
Single Family Home
Gifford, IL 61847
3
3
1038 ft2
1972
1 of 53 1004 CHURCHILL DOWNS DR
Rent To Own
 
Single Family Home
Champaign, IL 61822
4
3
2836 ft2
1998
1 of 26 310 E LEVERETT RD
Rent To Own
 
Single Family Home
Champaign, IL 61822
4
2
1417 ft2
1953
Hot
1 of 20 617 DOISY LN
Rent To Own
Ashland Park
Single Family Home
Champaign, IL 61822
4
3
1627 ft2
2006
Hot
1 of 53 603 ORCHARD DR
Rent To Own
 
Single Family Home
Mahomet, IL 61853
5
4
3273 ft2
2004
1 of 19 808 West Park Avenue #1
Rent To Own
 
Multifamily (2 - 4 Units)
Champaign, IL 61820
2
1
1380 ft2
1923
611 W CALIFORNIA AVE
Rent To Own
 
Single Family Home
Urbana, IL 61801
4
2
1493 ft2
1903
1 of 3 118 Dewey Street
Rent To Own
 
Multifamily (2 - 4 Units)
Urbana, IL 61802
2
2
960 ft2
1989
Hot
1 of 13 1604 OGELTHORPE AVE
Rent To Own
 
Single Family Home
Urbana, IL 61802
3
1
1152 ft2
2002
1 of 33 1906 GALEN DR
Rent To Own
Bolten Field
Single Family Home
Champaign, IL 61821
3
2
1144 ft2
1960
Hot
1 of 40 707 SOMERSET CIR
Rent To Own
 
Single Family Home
Saint Joseph, IL 61873
4
3
2630 ft2
1977
1 of 14 3914 E 2350 NORTH RD
Rent To Own
 
Single Family Home
Fithian, IL 61844
3
2
1512 ft2
2005
Hot
1 of 7 602 W MAIN ST
Rent To Own
 
Single Family Home
Ogden, IL 61859
2
2
1200 ft2
1996
3225 COUNTY ROAD 1600 E
Rent To Own
 
Single Family Home
Rantoul, IL 61866
4
2
1795 ft2
2003
1 of 57 207 E MAIN ST
REO Foreclosure
 
Single Family Home
Melvin, IL 60952
3
2
1260 ft2
1939
281 E 1500 NORTH RD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Strawn, IL 61775
3
1
1206 ft2
1900
265 N 3300 EAST RD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Strawn, IL 61775
3
1
1773 ft2
1938
205 E GREEN ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Roberts, IL 60962
3
1
1112 ft2
1960
1216 N 700E RD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Sibley, IL 61773
3
1
1152 ft2
1900
327 N 900 E Road
Short Sale
 
Single Family Home
Gibson City, IL 60936
3
3
1867 ft2
1994
662 NELSON AVE
Short Sale
 
Single Family Home
Gibson City, IL 60936
3
1
1469 ft2
1968
1008 N MELVIN ST
Auction
 
Single Family Home
Gibson City, IL 60936
3
1
728 ft2
1951
507 N MELVIN ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Gibson City, IL 60936
4
2
1922 ft2
1974
130 N WOOD ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Gibson City, IL 60936
3
2
2905 ft2
1892
952 E 100N RD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Gibson City, IL 60936
3
1
1908 ft2
1900
New
1 of 7 112 N WOOD ST
Auction
 
Single Family Home
Gibson City, IL 60936
3
1
1085 ft2
1887
421 N CHURCH ST
REO Foreclosure
 
Single Family Home
Gibson City, IL 60936
4
3
3507 ft2
1892
520 N SANGAMON AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Gibson City, IL 60936
3
1
1940 ft2
1882
1 of 31 316 S SANGAMON AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Gibson City, IL 60936
3
3
1503 ft2
1882
417 S STATE ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Gibson City, IL 60936
3
2
1224 ft2
1951
549 W CENTER ST
Short Sale
 
Single Family Home
Paxton, IL 60957
3
1
1077 ft2
1940
534 W CENTER ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Paxton, IL 60957
3
2
1562 ft2
1930
New
1 of 7 356 S ELM ST
Auction
 
Single Family Home
Paxton, IL 60957
2
1
1034 ft2
1940
420 W CENTER ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Paxton, IL 60957
3
2
1782 ft2
1930
New
1 of 11 524 W FRANKLIN ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Paxton, IL 60957
3
2
1707 ft2
1946
New
1 of 15 344 S MAPLE ST
Auction
 
Single Family Home
Paxton, IL 60957
3
1
1100 ft2
1900
Hot
520 E ORLEANS ST
Short Sale
 
Single Family Home
Paxton, IL 60957
3
1
1500 ft2
1940
1 of 9 544 E PATTON ST
Auction
 
Single Family Home
Paxton, IL 60957
3
1
1569 ft2
1920
New
126 S SPRING ST
Auction
 
Single Family Home
Paxton, IL 60957
2
1
935 ft2
1950
604 E ASH ST
REO Foreclosure
 
Single Family Home
Chatsworth, IL 60921
2
1
1125 ft2
1926
Map
Sponsored Link

More Melvin, IL Property Resources

Rent to own Homes in Cities Near Melvin, IL

Browse all Rent to own Homes in Illinois

Neighborhoods in Melvin, IL

No neighborhoods found

Popular Zip Codes in Melvin, IL

No zip codes found

Buying a Home in Melvin, IL

Melvin, IL is seeing rapid growth and Melvin, IL's' housing market remains optimal with an average home price that is -73% below the 2024 national average. Melvin, IL is part of Ford 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 Ford is 1.99% which is above the national average, which is 0.99%.

Median Home Price in Melvin, IL

Median Rent in Melvin, IL

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