Rent to own Homes in Petersburg, IL

Petersburg, IL is a great place for affordable rent-to-own homes! With a median household income of over $62,574 and a median rent of $669, the Petersburg, 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 Petersburg, 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 Petersburg, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1 of 32 19273 Brocmore Woods Lane
Rent To Own
 
Multifamily (2 - 4 Units)
Petersburg, IL 62675
4
3
3000 ft2
1988
Hot
1 of 33 4907 EDEN CT
Rent To Own
 
Single Family Home
Springfield, IL 62711
4
4
4520 ft2
2009
Hot
1 of 7 112 APPOMATTOX DR
Rent To Own
 
Single Family Home
Springfield, IL 62711
3
3
1950 ft2
1992
Hot
1 of 18 4623 THOMPSON RD
Rent To Own
 
Single Family Home
Springfield, IL 62711
3
3
2100 ft2
2017
1 of 27 3812 INDIAN LANDS LN
Rent To Own
Harrison Park
Single Family Home
Springfield, IL 62711
3
4
3322 ft2
1988
Hot
1 of 16 8 RED BUD RUN
Rent To Own
 
Single Family Home
Springfield, IL 62707
4
3
2500 ft2
1987
Hot
1 of 12 201 S OXFORD RD
Rent To Own
 
Single Family Home
Springfield, IL 62704
3
2
1533 ft2
1979
Hot
1 of 48 1613 HUNTER RIDGE DR
Rent To Own
 
Single Family Home
Springfield, IL 62704
4
4
3820 ft2
1993
1 of 33 2420 N 15TH ST
Rent To Own
 
Single Family Home
Springfield, IL 62702
3
1
1145 ft2
1967
25 BIRCH LAKE DR
Rent To Own
 
Single Family Home
Sherman, IL 62684
3
2
1615 ft2
1976
Hot
1 of 33 825 S COLUMBIA AVE
Rent To Own
Historic West-Side
Single Family Home
Springfield, IL 62704
2
2
0 ft2
1 of 20 1122 W EDWARDS ST
Rent To Own
Historic West-Side
Single Family Home
Springfield, IL 62704
3
2
0 ft2
1 of 21 2167 HUNTLEIGH RD
Rent To Own
Leland Grove
Single Family Home
Springfield, IL 62704
3
3
2065 ft2
1960
Hot
1 of 8 1720 N 20TH ST
Rent To Own
 
Single Family Home
Springfield, IL 62702
1
1
800 ft2
926 N 11TH ST
Rent To Own
Pillsbury
Single Family Home
Springfield, IL 62702
3
1
854 ft2
Hot
1 of 7 1959 E CONVERSE AVE
Rent To Own
 
Single Family Home
Springfield, IL 62702
2
2
845 ft2
1950
1 of 22 527 S GRAND AVE W
Rent To Own
Vinegar Hill
Single Family Home
Springfield, IL 62704
5
3
2592 ft2
1 of 37 113 NOTTINGHAM RD
Rent To Own
 
Single Family Home
Springfield, IL 62704
5
3
42402 ft2
1960
2107 E JACKSON ST
Rent To Own
 
Single Family Home
Springfield, IL 62703
3
1
840 ft2
4501 CASTLE PINES DR
Rent To Own
 
Single Family Home
Springfield, IL 62711
4
3
2700 ft2
2020
Hot
4503 CASTLE PINES DR
Rent To Own
 
Single Family Home
Springfield, IL 62711
4
3
2700 ft2
2020
Hot
1 of 55 2360 S 6TH ST
Rent To Own
Harvard Park
Single Family Home
Springfield, IL 62703
2
1
980 ft2
1950
1 of 17 256 OAKWOOD LN
Rent To Own
 
Single Family Home
Williamsville, IL 62693
4
4
2700 ft2
1999
1 of 4 2421 yale blvd.
Rent To Own
Harvard Park
Multifamily (2 - 4 Units)
Springfield, IL 62702
3
1
2000 ft2
1954
1813 GREGORY CT
Rent To Own
 
Single Family Home
Springfield, IL 62703
3
1
0 ft2
1 of 30 3105 S 5TH ST
Rent To Own
Southern View
Single Family Home
Springfield, IL 62703
3
1
1230 ft2
1943
1 of 26 117 E SHERRY DR
Rent To Own
Trevi Gardens
Single Family Home
Springfield, IL 62703
3
2
1424 ft2
1990
830 N 6TH ST
Rent To Own
Riverton
Single Family Home
Riverton, IL 62561
3
2
1477 ft2
1987
5312 Deerwood Lake
Rent To Own
Deerwood Lake
Multifamily (2 - 4 Units)
Springfield, IL 62703
4
5
0 ft2
1991
1 of 30 101 Steller St
Rent To Own
 
Multifamily (2 - 4 Units)
Elkhart, IL 62634
3
2
1984 ft2
1994
Hot
1 of 49 3160 BEAVER CREEK LN
Rent To Own
 
Single Family Home
Springfield, IL 62712
3
3
2640 ft2
1994
Hot
1 of 19 212 WINTER PARK DR
Rent To Own
Chatham
Single Family Home
Chatham, IL 62629
4
3
3307 ft2
1999
1 of 39 1615 APPALACHIAN TRL
Rent To Own
Rochester
Single Family Home
Rochester, IL 62563
4
4
4200 ft2
2005
Hot
1 of 6 1504 APPALACHIAN TRL
Rent To Own
Rochester
Single Family Home
Rochester, IL 62563
4
4
2475 ft2
2007
1 of 23 213 DEER CREEK RD
Rent To Own
Rochester
Single Family Home
Rochester, IL 62563
3
2
1716 ft2
1973
1 of 24 1 THE ELMS
Rent To Own
Springfield Lake Shore Improvement
Single Family Home
Springfield, IL 62712
4
3
4300 ft2
Hot
1 of 25 312 AUTUMN DR
Rent To Own
 
Single Family Home
Dawson, IL 62520
3
2
1650 ft2
1993
9632 MECHANICSBURG RD
Rent To Own
 
Multifamily (2 - 4 Units)
Dawson, IL 62520
3
3
2800 ft2
1 of 19 508 N 11TH ST
Rent To Own
 
Single Family Home
Auburn, IL 62615
2
1
1000 ft2
1998
1 of 9 206 E MAIN ST
Rent To Own
 
Single Family Home
Green Valley, IL 61534
3
3
2000 ft2
1894
1 of 11 117 S HARRIS ST
Rent To Own
 
Single Family Home
Auburn, IL 62615
4
3
2188 ft2
1995
1 of 11 608 W 5TH ST
Rent To Own
 
Single Family Home
Delavan, IL 61734
3
2
1196 ft2
1980
Hot
1 of 17 4782 W DIVERNON RD
Rent To Own
 
Single Family Home
Auburn, IL 62615
3
2
1474 ft2
1997
1 of 7 1012 PIONEER DR
Rent To Own
 
Single Family Home
South Jacksonville, IL 62650
4
3
2400 ft2
1983
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Buying a Home in Petersburg, IL

Petersburg, IL is seeing rapid growth and Petersburg, IL's' housing market remains optimal with an average home price that is -44% below the 2024 national average. Petersburg, IL is part of Menard 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 Menard is 1.85% which is above the national average, which is 0.99%.

Median Home Price in Petersburg, IL

Median Rent in Petersburg, IL

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