Rent to own Homes in Pekin, IL

Pekin, Illinois is home to many industrial, manufacturing, professional and alternate energy companies, giving the area a stable economic foundation. It is also a good place to start a business as evidenced by the success of some of the major area businesses, which include Proctor Hospital, Caterpillar Inc., Affina and Advanced Technology Services. The city offers a stable economy with great growth potential.

Pekin, IL is a great place for affordable rent-to-own homes! With a median household income of over $50,552 and a median rent of $671, the Pekin, 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 Pekin, 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 Pekin, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
213 E HIGH ST
Rent To Own
 
Single Family Home
Princeville, IL 61559
3
2
1272 ft2
1955
1 of 57 1015 SAINT JULIAN ST
Rent To Own
North Of Broadway
Single Family Home
Pekin, IL 61554
3
2
1626 ft2
1955
1 of 42 1500 GINGOTEAGUE WAY
Rent To Own
South Of Broadway
Single Family Home
Pekin, IL 61554
3
3
4400 ft2
2000
1011 CHESTNUT ST
Rent To Own
North Of Broadway
Single Family Home
Pekin, IL 61554
3
2
1542 ft2
2003
1930-1932 Mayflower Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Pekin, IL 61554
3
2
1520 ft2
2020
1 of 9 224 SYLVAN LN
Rent To Own
 
Single Family Home
Creve Coeur, IL 61610
2
1
1075 ft2
1941
1 of 30 4603 W WHIPP AVE
Rent To Own
Bartonville
Single Family Home
Bartonville, IL 61607
3
2
936 ft2
1937
1 of 21 3806 South Airport Road
Rent To Own
Bartonville
Multifamily (2 - 4 Units)
Bartonville, IL 61607
3
1
1060 ft2
1970
1 of 8 106 CASTLEMAN CT
Rent To Own
 
Single Family Home
Creve Coeur, IL 61610
3
2
1625 ft2
2008
1 of 50 332 PARK AVE
Rent To Own
 
Single Family Home
East Peoria, IL 61611
3
2
1554 ft2
2010
252 SHEFFIELD RD
Rent To Own
 
Single Family Home
Groveland, IL 61535
4
2
1995 ft2
1974
403 PROSPECT AVE
Rent To Own
 
Single Family Home
East Peoria, IL 61611
1
1
480 ft2
1939
1 of 25 4114 S POINTE DR
Rent To Own
 
Single Family Home
Mapleton, IL 61547
4
3
3600 ft2
2000
Hot
1 of 14 2907 W STARR ST
Rent To Own
South Peoria
Single Family Home
Peoria, IL 61605
3
2
1260 ft2
1914
1 of 20 1103 S APACHE LN
Rent To Own
 
Single Family Home
Peoria, IL 61607
4
3
1976 ft2
1979
Hot
1 of 36 121 FLEUR DE LIS DR
Rent To Own
 
Single Family Home
East Peoria, IL 61611
4
4
3966 ft2
1994
Hot
1 of 26 104 LEE CT
Rent To Own
 
Single Family Home
East Peoria, IL 61611
3
2
1144 ft2
1989
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 30 324 BROOKVIEW RD
Rent To Own
 
Single Family Home
East Peoria, IL 61611
4
2
2100 ft2
1959
Hot
1 of 55 4729 W MEROL CT
Rent To Own
 
Single Family Home
Peoria, IL 61604
3
2
1512 ft2
1958
Hot
1513 NE PERRY AVE
Rent To Own
North Valley
Single Family Home
Peoria, IL 61603
5
2
2255 ft2
1930
Hot
1 of 4 117 CAMELIN DR
Rent To Own
 
Single Family Home
Washington, IL 61571
4
3
5341 ft2
2022
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 14 196 TUSCANY CT
Rent To Own
 
Single Family Home
Morton, IL 61550
3
3
1902 ft2
2014
Hot
1 of 11 2806 N WISCONSIN AVE
Rent To Own
East Bluff
Single Family Home
Peoria, IL 61603
3
1
1624 ft2
1945
Hot
1 of 19 360 S GLEN AVE
Rent To Own
 
Single Family Home
Morton, IL 61550
4
3
1907 ft2
1948
Hot
1308 NE ROCK ISLAND AVE
Rent To Own
Averyville
Single Family Home
Peoria, IL 61603
2
2
938 ft2
1933
1 of 23 410 LOTUS LN
Rent To Own
 
Single Family Home
Washington, IL 61571
3
1
1009 ft2
1959
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 31 105 WHISTLING STRAIT
Rent To Own
 
Single Family Home
Washington, IL 61571
4
3
3646 ft2
2011
1 of 9 206 E MAIN ST
Rent To Own
 
Single Family Home
Green Valley, IL 61534
3
3
2000 ft2
1894
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 20 309 N OKLAHOMA AVE
Rent To Own
 
Single Family Home
Morton, IL 61550
3
3
1459 ft2
1969
1 of 34 226 POCONO AVE
Rent To Own
 
Single Family Home
Morton, IL 61550
5
4
3550 ft2
2016
Hot
1 of 28 325 N PENNSYLVANIA AVE
Rent To Own
 
Single Family Home
Morton, IL 61550
5
4
3279 ft2
2015
Hot
1 of 26 3010 W GREENBRIER LN
Rent To Own
Northwest Peoria
Single Family Home
Peoria, IL 61614
4
4
2084 ft2
1960
1 of 19 6903 N PATRICIA LN
Rent To Own
North Peoria
Single Family Home
Peoria, IL 61614
3
2
1008 ft2
1959
1 of 11 608 W 5TH ST
Rent To Own
 
Single Family Home
Delavan, IL 61734
3
2
1196 ft2
1980
1 of 14 #2 Woodhaven Court
Rent To Own
 
Multifamily (2 - 4 Units)
Metamora, IL 61548
3
2
1500 ft2
1981
1 of 8 710 HICKORY CREEK CT
Rent To Own
 
Single Family Home
Metamora, IL 61548
3
3
2300 ft2
1992
1 of 30 503 SOMERSET DR
Rent To Own
 
Single Family Home
Germantown Hills, IL 61548
6
3
3209 ft2
2012
1 of 3 10514 N SCHOPP LN
Rent To Own
 
Single Family Home
Peoria, IL 61615
3
3
1634 ft2
1997
Hot
1 of 26 1725 W GENEVA RD
Rent To Own
 
Single Family Home
Peoria, IL 61615
3
3
1650 ft2
2000
1 of 15 11520 North Dunmore Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Dunlap, IL 61525
5
4
3500 ft2
2005
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Buying a Home in Pekin, IL

Pekin, IL is seeing rapid growth and Pekin, IL's' housing market remains optimal with an average home price that is -52% below the 2024 national average. Pekin, IL is part of Tazewell 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 Tazewell is 1.85% which is above the national average, which is 0.99%.

Median Home Price in Pekin, IL

Median Rent in Pekin, IL

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

Top 6 Reasons to Live in Pekin, Illinois

Golf and More Golf! Not only does Pekin offer beautiful scenery at the many National Parks it hosts, but it also is home to four championship golf courses. Sunset Hill and Parkview are 18-hole public golf courses. The Pekin Country Club is a private 18-hole golf course that gives residents and visitors a chance to perfect their swing or stroke. From rolling hills to flat greenery, this private course is a challenge for even the most avid golfer.

Convenient location in Illinois! Pekin is right on the Illinois River, which provides excellent recreational activities. Located a little over two hours away from Chicago on one side and St. Louis on the other, it sits nestled away from the hustle of a metropolitan city, but is just close enough to travel whenever time permits. This makes it significantly convenient to catch a professional sports game or take in some big city shopping without even having to stay the night away from home. The Pekin Mineral Springs Park and Lagoon, located in the heart of the city, offers over 200 acres of joy, including a water park, ice area, skate park, bike trail, and more.

Available homes for sale! This city has a competitive supply of homes with an average listing price of $115,000. This makes the housing market extremely competitive for buyers when compared to its neighboring cities. Many of these homes are available directly from owners or government agencies as rent-to-own or lease-option purchase deals. This is valuable when you are considering purchasing a home soon, yet do not have a large sum prepared for a down payment on a loan. From suburban neighborhoods, such as Schaeferville to more quaint rural areas, there's somewhere for everyone to call home. In addition to this, any home in Pekin offers you access to the nearby Royal Avenue or 4H shelters that may be used for picnics and other activities.

Neighborhoods for the choosing! There are many established neighborhoods in the area. North Pekin and the area near Bradley University have plenty of house and apartment options to choose from. A good fraction of the apartments are pet-friendly. There are plenty of restaurants and shopping opportunities nearby, so you can take advantage of the low cost of living in the area (approximately 15 percent below the average in the state) to enjoy a little fun time.

Attractions abound in town! There are various entertaining activities in Pekin and the nearby areas. From skate lessons at Planet X Roller World or bowling at Sunset Lanes, there is something for everyone. There are several miniature golf spots, or you may even consider camping along the river if you enjoy nature. About nine miles away, you can listen to the Peoria Symphony Orchestra, watch the Peoria Ballet or see exquisite exhibits at the Peoria Riverfront Museum. Also, if you love the outdoors, you can handpick your own apples at Apple Blossom Farm.