Rent to own Homes in O'Fallon, IL

O'Fallon, IL is located in St. Clair county in Illinois. Bernard Securities called O'Fallon "one of the fastest growing communities in the Metropolitan St. Louis area" in 2010. O'Fallon has a population just under 30,000. It is the third-largest city in Southern Illinois. O'Fallon residents can bask in the benefits of small-town living without sacrificing any convenience. You'll always find a friendly face in O'Fallon!

O'Fallon, IL is a great place for affordable rent-to-own homes! With a median household income of over $90,432 and a median rent of $1,134, the O'Fallon, 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 O'Fallon, 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 O'Fallon, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
Hot
532 HOMESTEAD AVE
Rent To Own
 
Single Family Home
Swansea, IL 62226
3
3
3760 ft2
1988
607 BURROUGHS AVE
Rent To Own
 
Single Family Home
Collinsville, IL 62234
2
1
1035 ft2
1910
1 of 15 3709 WINWARD WAY DR
Rent To Own
 
Single Family Home
Belleville, IL 62226
4
3
2500 ft2
2007
110 WASHINGTON ST
Rent To Own
 
Single Family Home
Saint Jacob, IL 62281
2
1
980 ft2
1940
101 4TH AVE
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
5
2
2314 ft2
1977
207 JEFFERSON RD
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
2
1
1000 ft2
1951
321 N FILLMORE ST
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
3
2
1429 ft2
1881
212 W UNION ST
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
3
1
1500 ft2
1930
2322 WHITTEMORE PL
Rent To Own
Lafayette Square
Single Family Home
Saint Louis, MO 63104
4
4
2955 ft2
1880
9847 RIVERMONT DR
Rent To Own
Riverview
Single Family Home
Saint Louis, MO 63137
3
1
1144 ft2
1930
3216 MICHIGAN AVE
Rent To Own
Benton Park West
Townhouse/Condo
Saint Louis, MO 63118
3
3
1925 ft2
1912
4100 Forest Park Ave #222
Rent To Own
Central West End
Single Family Home
Saint Louis, MO 63110
1
2
1165 ft2
2007
1004 BERMUDA DR
Rent To Own
 
Single Family Home
Edwardsville, IL 62025
3
3
2131 ft2
1999
4318 Chouteau Ave #4318
Rent To Own
Forest Park Southeast
Single Family Home
Saint Louis, MO 63110
3
3
2552 ft2
4242 WALSH ST
Rent To Own
Bevo Mill
Single Family Home
Saint Louis, MO 63116
2
2
1035 ft2
1913
4962 PARKER AVE
Rent To Own
Northampton
Single Family Home
Saint Louis, MO 63139
4
2
2328 ft2
1930
5453 ITASKA ST
Rent To Own
The Southampton
Single Family Home
Saint Louis, MO 63109
3
2
1496 ft2
1910
5200 LOUGHBOROUGH AVE
Rent To Own
Princeton Heights
Single Family Home
Saint Louis, MO 63109
3
2
1428 ft2
1923
New
1 of 11 12460 PARKWOOD LN
Rent To Own
 
Single Family Home
Black Jack, MO 63033
3
2
1451 ft2
1964
1 of 10 1744 GRAFTON DR
Rent To Own
Ferguson
Single Family Home
Saint Louis, MO 63136
3
1
875 ft2
1963
6353 LANSDOWNE AVE
Rent To Own
St. Louis Hills
Single Family Home
Saint Louis, MO 63109
3
2
1750 ft2
1950
1349 KRAFT ST
Rent To Own
Hi-Pointe
Single Family Home
Saint Louis, MO 63139
2
1
768 ft2
1946
6425 KINSEY PL
Rent To Own
St. Louis Hills
Single Family Home
Saint Louis, MO 63109
3
2
1734 ft2
1951
(Undisclosed Address)
Rent To Own
Ferguson
Single Family Home
Saint Louis, MO 63135
3
2
975 ft2
1948
7148 WISE AVE
Rent To Own
Richmond Heights
Single Family Home
Saint Louis, MO 63117
2
2
864 ft2
1961
6973 WINONA AVE
Rent To Own
Lindenwood Park
Single Family Home
Saint Louis, MO 63109
3
1
1193 ft2
1915
709 MELCHER AVE
Rent To Own
Ferguson
Single Family Home
Saint Louis, MO 63135
2
2
768 ft2
1946
7152 WINONA AVE
Rent To Own
Lindenwood Park
Single Family Home
Saint Louis, MO 63109
2
1
714 ft2
1949
717 RUGGLES RD
Rent To Own
Ferguson
Single Family Home
Saint Louis, MO 63135
3
1
864 ft2
1957
Hot
8012 ALBIN AVE
Rent To Own
Wheaton
Single Family Home
Saint Louis, MO 63114
2
2
888 ft2
1947
250 DUQUETTE LN
Rent To Own
 
Single Family Home
Florissant, MO 63033
3
2
999 ft2
1957
1 Hanley Downs St
Rent To Own
Richmond Heights
Single Family Home
Saint Louis, MO 63117
3
3
2158 ft2
1955
1540 HORSESHOE DR
Rent To Own
 
Single Family Home
Florissant, MO 63033
3
2
1080 ft2
1958
8742 EULALIE AVE
Rent To Own
Brentwood
Single Family Home
Saint Louis, MO 63144
2
1
1280 ft2
1927
4320 KENSINGTON MANOR DR
Rent To Own
Mehlville
Single Family Home
Saint Louis, MO 63128
3
4
1829 ft2
1988
Hot
1 of 3 4343 PORTLAND MANOR DR
Rent To Own
 
Single Family Home
Florissant, MO 63034
3
3
2487 ft2
1994
701 OAKBROOK LN
Rent To Own
University City
Single Family Home
Saint Louis, MO 63132
5
3
2621 ft2
1955
11054 RIDGE FOREST CT
Rent To Own
Sappington
Single Family Home
Saint Louis, MO 63126
3
2
1426 ft2
1958
7411 HAZELCREST DR
Rent To Own
 
Townhouse/Condo
Hazelwood, MO 63042
3
2
1254 ft2
1965
7416 FOXMONT DR
Rent To Own
 
Single Family Home
Hazelwood, MO 63042
3
1
985 ft2
1965
1490 RANCHWOOD DR
Rent To Own
 
Single Family Home
Florissant, MO 63031
4
2
1602 ft2
1965
2377 VIRGINIA CT
Rent To Own
 
Single Family Home
Arnold, MO 63010
4
2
1008 ft2
1962
5174 HOLLOW WOOD CT #D
Rent To Own
 
Townhouse/Condo
Saint Louis, MO 63128
3
2
1810 ft2
1987
533 ASPEN DR
Rent To Own
Crestwood
Single Family Home
Saint Louis, MO 63126
3
2
1408 ft2
1973
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Popular Zip Codes in O'Fallon, IL

62269 rent to own homes

Buying a Home in O'Fallon, IL

O'Fallon, IL is seeing rapid growth and O'Fallon, IL's' housing market remains optimal with an average home price that is -1% below the 2024 national average. O'Fallon, 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 O'Fallon, IL

Median Rent in O'Fallon, IL

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

Four Reasons to Live in O'Fallon, Illinois

A fast-growing community! O'Fallon, Illinois is one of the fastest growing areas in the metropolitan St. Louis area. Although the population remains under 30,000 as of 2012, O'Fallon was listed as "one of the fastest growing communities in the Metropolitan St. Louis area." Up-and-coming communities mean community value will continue to increase. A home purchase in a growing community is a better long-term investment than a purchase in a community that is decreasing in size. With a vacancy rate of 5.6 percent, if you want a home, you should start shopping now. It might take awhile to find the home of your dreams but it's worth it. Some of the most popular neighborhoods for new residents are Fairwood Hills and North Smiley St, which have a strong community base.

Rich military history! O'Fallon is located near the Scott Air Force Base, in which many residents take pride. O'Fallon is home to the O'Fallon Veterans' Monument, where residents can explore the burial ground of many famous local war heroes and honor the sacrifice of past and current military members. The center has several exciting growth plans for 2015 and beyond that will make this military museum even more detailed and relevant.

Connect with Nature! O'Fallon residents are proud of their connection with nature and the city boasts multiple ways to do this, including eleven local parks. Residents can play a range of sports including hiking, soccer and basketball. At Skate Park, residents are encouraged to skate or skateboard at the numerous skating facilities. Fans of traditional playgrounds will love Savannah Hills Park. Experience creek-side adventures and exploration at Ogles Creek Park with hiking trails, forest views and picnic areas.

Property values are rising! The average home value of O'Fallon homes is $189,722, up from just over $111,000 in 2000. Some of the neighborhoods with the fastest-growing property values include Carbon, Scott Troy Rd and Furman. As the community gains in popularity and growth, home values should continue to rise. If you want to buy a home but can't fit it into your budget right now, talk to the seller about working out a rent to own deal.