Rent to own Homes in Oakwood, IL

Oakwood, IL is a great place for affordable rent-to-own homes! With a median household income of over $45,602 and a median rent of $589, the Oakwood, 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 Oakwood, 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 Oakwood, 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
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 8 1214 CLEARY AVE
Rent To Own
 
Single Family Home
Danville, IL 61832
2
1
0 ft2
Hot
1 of 15 27 S GRIFFIN ST
Rent To Own
 
Single Family Home
Danville, IL 61832
2
1
1291 ft2
1930
Hot
1 of 28 202 MILL ST
Rent To Own
 
Single Family Home
Indianola, IL 61850
2
2
1800 ft2
1912
Hot
1 of 7 602 W MAIN ST
Rent To Own
 
Single Family Home
Ogden, IL 61859
2
2
1200 ft2
1996
Hot
403 N GRAY ST
Rent To Own
 
Single Family Home
Sidell, IL 61876
2
1
1100 ft2
1900
Hot
205 S STATE ST
Rent To Own
 
Single Family Home
Ridge Farm, IL 61870
5
2
3500 ft2
Hot
1 of 40 707 SOMERSET CIR
Rent To Own
 
Single Family Home
Saint Joseph, IL 61873
4
3
2630 ft2
1977
1 of 11 208 S WEST ST
Rent To Own
 
Single Family Home
Gifford, IL 61847
3
3
1038 ft2
1972
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
105 N CHANUTE ST
Rent To Own
 
Single Family Home
Rantoul, IL 61866
2
1
720 ft2
1925
611 W CALIFORNIA AVE
Rent To Own
 
Single Family Home
Urbana, IL 61801
4
2
1493 ft2
1903
1 of 26 310 E LEVERETT RD
Rent To Own
 
Single Family Home
Champaign, IL 61822
4
2
1417 ft2
1953
Hot
1 of 8 621 W STATE ST
Rent To Own
 
Single Family Home
Paxton, IL 60957
3
1
1056 ft2
1976
1 of 6 5 Evergreen Circle,Unit D
Rent To Own
 
Multifamily (2 - 4 Units)
Savoy, IL 61874
2
2
1300 ft2
Hot
1 of 20 617 DOISY LN
Rent To Own
Ashland Park
Single Family Home
Champaign, IL 61822
4
3
1627 ft2
2006
1 of 19 808 West Park Avenue #1
Rent To Own
 
Multifamily (2 - 4 Units)
Champaign, IL 61820
2
1
1380 ft2
1923
Hot
1 of 22 809 E LARMON ST
Rent To Own
 
Single Family Home
Tolono, IL 61880
3
3
2126 ft2
2001
Hot
1 of 20 511 N MONROE ST
Rent To Own
 
Single Family Home
Williamsport, IN 47993
3
1
1722 ft2
1910
3225 COUNTY ROAD 1600 E
Rent To Own
 
Single Family Home
Rantoul, IL 61866
4
2
1795 ft2
2003
1 of 10 1227 N LOGAN AVE
REO Foreclosure
 
Single Family Home
Danville, IL 61832
4
2
2334 ft2
New
312 HARMON ST
Auction
 
Single Family Home
Danville, IL 61832
3
2
2066 ft2
1 of 6 12 W RAYMOND AVE
REO Foreclosure
 
Single Family Home
Danville, IL 61832
3
3
2107 ft2
1 of 3 125 ILLINOIS AVE
Auction
 
Single Family Home
Westville, IL 61883
2
1
1020 ft2
1 of 5 512 N BEARD ST
Auction
 
Single Family Home
Danville, IL 61832
2
2
2598 ft2
1 of 3 221 DELAWARE AVE
Auction
 
Single Family Home
Danville, IL 61832
2
1
1053 ft2
206 STROUP ST
REO Foreclosure
 
Single Family Home
Danville, IL 61832
3
1
1465 ft2
1914
1 of 5 407 N GRAY ST
REO Foreclosure
 
Single Family Home
Sidell, IL 61876
3
2
1578 ft2
1 of 44 702 S MAIN ST
Auction
 
Single Family Home
Homer, IL 61849
3
2
1048 ft2
1973
101 S HARRISON ST
REO Foreclosure
 
Single Family Home
Sidney, IL 61877
3
1
1578 ft2
1923
2055 COUNTY ROAD 2500 N
Auction
 
Single Family Home
Thomasboro, IL 61878
3
2
1821 ft2
1905
1 of 44 602 S 4TH ST
Auction
 
Single Family Home
Hoopeston, IL 60942
3
2
0 ft2
141 N LINDEN ST
REO Foreclosure
 
Single Family Home
Dana, IN 47847
3
2
5184 ft2
1832
1 of 5 405 SHERWOOD DR
Auction
 
Single Family Home
Rantoul, IL 61866
3
1
1131 ft2
1951
204 SHADY LAWN DR
Short Sale
 
Single Family Home
Rantoul, IL 61866
2
2
1221 ft2
1950
1 of 41 1604 S CURTISS DR
Auction
 
Single Family Home
Urbana, IL 61802
4
1
1346 ft2
1978
1 of 5 1228 E GROVE AVE
Auction
 
Single Family Home
Rantoul, IL 61866
2
1
800 ft2
1950
205 S CLINTON ST
REO Foreclosure
 
Single Family Home
West Lebanon, IN 47991
4
2
3641 ft2
1910
Hot
1157 BEL AIRE DR
REO Foreclosure
 
Single Family Home
Rantoul, IL 61866
2
1
1213 ft2
1952
New
1060 N COUNTY ROAD 2050 E
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Villa Grove, IL 61956
5
2
1536 ft2
1920
303 E SCOVILL ST
REO Foreclosure
 
Single Family Home
Urbana, IL 61801
5
4
1750 ft2
1977
1 of 25 1070 E SUMMER ST
REO Foreclosure
 
Single Family Home
Paxton, IL 60957
3
2
1600 ft2
1960
Map
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Buying a Home in Oakwood, IL

Oakwood, IL is seeing rapid growth and Oakwood, IL's' housing market remains optimal with an average home price that is -58% below the 2024 national average. Oakwood, IL is part of Vermilion 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 Vermilion is 1.72% which is above the national average, which is 0.99%.

Median Home Price in Oakwood, IL

Median Rent in Oakwood, IL

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