Rent to own Homes in Ottawa, IL
The seat of LaSalle County, Ottawa is located at the confluence of two scenic waterways, Fox River and Illinois River. The city is famous for its early history as the setting for one of the Abraham Lincoln-Stephen A. Douglas presidential debates. A station on the Underground Railroad was inside the town - the John Hossack House - and quite a few citizens were involved in the abolitionist movement. On any given day, residents can sit on a bench and watch an array of river barges traverse the Illinois River.
Ottawa, IL is a great place for affordable rent-to-own homes! With a median household income of over $53,544 and a median rent of $822, the Ottawa, 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 Ottawa, 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.
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Rent to own Homes in Cities Near Ottawa, IL
- Aurora
- Bartlett
- Batavia
- Bloomingdale
- Bolingbrook
- Bonnie Brae
- Boulder Hill
- Burlington
- Carol Stream
- Channahon
- Crest Hill
- Crystal Lawns
- Darien
- Downers Grove
- Elburn
- Elwood
- Fairmont
- Glendale Heights
- Glen Ellyn
- Hanover Park
- Ingalls Park
- Joliet
- Kaneville
- Lily Lake
- Lisle
- Lockport
- Lombard
- Millbrook
- Minooka
- Naperville
- Newark
- New Lenox
- Oak Brook
- Oswego
- Plainfield
- Plattville
- Prestbury
- Preston Heights
- Ridgewood
- Rockdale
- Romeoville
- Schaumburg
- Sheridan
- Shorewood
- South Elgin
- Westmont
- Wheaton
- Winfield
- Woodridge
- Yorkville
Neighborhoods in Ottawa, IL
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Ottawa, IL is seeing rapid growth and Ottawa, IL's' housing market remains optimal with an average home price that is -43% below the 2024 national average. Ottawa, IL is part of LaSalle 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 LaSalle is 2.1% which is above the national average, which is 0.99%.
Median Home Price in Ottawa, IL
Median Rent in Ottawa, IL
Top Four Reasons to Live in Ottawa, IL
Enjoy a local museum, shopping and summer festivals! Ottawa Historical and Scouting Heritage Museum dedicates itself to preserving the city's history as well as Boy Scouting, Girl Scouting, Lone Scouts, and Camp Fire heritage. Ottawa Riverfest usually starts in July and ends the first Sunday in August; occurring on weekends with food and beverage tastings, carnival-style activities and live music. Be sure to visit Grandma's Attic Antique Mall on West Main Street, or any of the other unique shops in the thriving downtown district.
Buy historic homes for sale! East Side Historic District was one of the city's booming neighborhoods in its early years, during the 19th and 20th century. It features elegant, historic homes on huge lots, many overlooking the tranquil Fox River. The East Side District is bounded by Fox River on the north and west, on the south by Illinois River, and on the east by Green Street. Reddick Mansion, The Maloney Building, The Clifton Hotel and Cora J. Pope Home are historic buildings not to be missed. A few favorite landmarks are Dr. Joseph Cushman Hathaway House, French-Wilson House and Fisher-Nash House. Washington Park Historic District features a beautiful park for residents to enjoy.
Feast on delicious cuisine! For scenic views, try Monte's Riverside Inn on East Norris Drive. On the western section of Norris Drive, discover Hi-Way Restaurant. Over on Columbus Street, treat yourself to a casual meal at Sunfield Restaurant, open daily for lunch and dinner. Woody's Steakhouse is a perennial favorite and features nightly specials.
Relatively low housing prices and rent! In 2011, the average price of all housing units in the city was $162,895 and the median gross rent was $697. Within the city, you may find everything from mansions and townhouses to bungalows and rent to own cottages. Those who enjoy waterfront property may be interested in Ottawa Boat Club, and golfers may look to Dayton Ridge Golf Course or Pine Hills Golf Course and Club.