Rent to own Homes in Round Lake, IL

Round Lake was originally a railroad center and resort town for employees of the Armour packing plant. Today, this charming lakeside village boasts a year-round population of 18,481. Round Lake's residents enjoy predictably chilly winters and balmy mild summers, with January highs around 29 and July highs in the low 80s. Located just 41 miles from Chicago, Round Lake has a thriving residential and business community, and is home to Grieve Corporation, an internationally-known equipment manufacturer.

Round Lake, IL is a great place for affordable rent-to-own homes! With a median household income of over $82,550 and a median rent of $1,171, the Round Lake, 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 Round Lake, 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 Round Lake, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1408 KENMORE AVE
Rent To Own
Round Lake Beach Ridgewood
Single Family Home
Round Lake Beach, IL 60073
3
1
968 ft2
1955
1200 WESTFIELD WAY
Rent To Own
Town And Country
Single Family Home
Mundelein, IL 60060
4
3
3379 ft2
1997
Hot
2015 ROLLING RIDGE LN
Rent To Own
Lindenhurst
Single Family Home
Lindenhurst, IL 60046
2
2
1475 ft2
1961
Hot
2008 TYLER TRL
Rent To Own
Mchenry
Single Family Home
Mchenry, IL 60051
3
3
1981 ft2
2006
812 N RIVER RD #2A
Rent To Own
 
Townhouse/Condo
Mount Prospect, IL 60056
2
1
1000 ft2
1983
6328 49TH AVE
Rent To Own
Forest Park
Single Family Home
Kenosha, WI 53142
3
1
1025 ft2
1953
1609 EDINBURGH DR #117-5
Rent To Own
Tri Village
Townhouse/Condo
Bartlett, IL 60103
3
3
1826 ft2
2005
260 GREGORY M SEARS DR
Rent To Own
 
Single Family Home
Gilberts, IL 60136
4
3
1801 ft2
2003
8609 LAKESHORE DR
Rent To Own
 
Single Family Home
Pleasant Prairie, WI 53158
3
3
2027 ft2
2017
1 of 14 8809 West Golf Road
Rent To Own
 
Multifamily (2 - 4 Units)
Niles, IL 60714
2
2
1600 ft2
1976
5913 MONROE ST
Rent To Own
Morton Grove
Single Family Home
Morton Grove, IL 60053
3
2
1830 ft2
1960
5537 N CANFIELD AVE
Rent To Own
Norwood Park
Single Family Home
Chicago, IL 60656
2
2
1284 ft2
1946
6704 W FOREST PRESERVE DR
Rent To Own
Harwood Heights
Single Family Home
Harwood Heights, IL 60706
3
3
1326 ft2
1998
1 of 22 2S110 COLONIAL LN
Rent To Own
 
Single Family Home
Lombard, IL 60148
4
2
1944 ft2
1965
7350 N RIDGE BLVD #22C
Rent To Own
West Rogers Park
Townhouse/Condo
Chicago, IL 60645
3
2
0 ft2
1930
7403 N HOYNE AVE #1
Rent To Own
Rogers Park
Townhouse/Condo
Chicago, IL 60645
2
2
800 ft2
1930
1 of 5 1517 W Jonquil Ter
Rent To Own
 
Multifamily (2 - 4 Units)
Chicago, IL 60626
2
1
1100 ft2
2000
1748 W Rascher Ave
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60640
2
1
0 ft2
1913
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
6334 N SHERIDAN RD #3C
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60660
1
1
800 ft2
1928
4636 N Racine Ave APT 2, Chicago, IL 60640
Rent To Own
Uptown
Single Family Home
Chicago, IL 60640
2
1
1200 ft2
1906
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 ft2
1905
2745 N HAMPDEN CT #2E
Rent To Own
Lincoln Park
Townhouse/Condo
Chicago, IL 60614
3
1
1100 ft2
1916
1355 N SANDBURG TER #407D
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
1
1
0 ft2
1964
240 E ILLINOIS ST #1708
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
2
2
1293 ft2
2005
222 N COLUMBUS DR #3203
Rent To Own
The Loop
Townhouse/Condo
Chicago, IL 60601
2
2
1225 ft2
2001
505 N LAKE SHORE DR #6601
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
3
4
2975 ft2
1970
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
New
22316 121ST ST
Rent to Own Eligible
Lake Shangri La
Single Family Home
Bristol, WI 53104
4
2
1238 ft2
1988
11325 274TH AVE
Rent to Own Eligible
Camp Lake
Single Family Home
Trevor, WI 53179
1
1
400 ft2
1938
11126 270TH AVE
Rent to Own Eligible
Camp Lake
Single Family Home
Trevor, WI 53179
3
1
1250 ft2
1936
12065 333RD AVE
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
3
2
1990 ft2
1970
10530 304TH AVE
Rent to Own Eligible
 
Single Family Home
Burlington, WI 53105
3
2
1876 ft2
1964
26217 100TH ST
Rent to Own Eligible
Camp Lake
Single Family Home
Salem, WI 53168
4
3
2702 ft2
1974
9304 226TH AVE
Rent to Own Eligible
 
Single Family Home
Salem, WI 53168
3
2
2266 ft2
2019
9132 222ND AVE
Rent to Own Eligible
 
Single Family Home
Salem, WI 53168
4
3
2502 ft2
2016
New
2117 MATTHEW AVE
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
3
2
2616 ft2
2018
3159 E LAKESHORE DR
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
6
4
6599 ft2
1940
1 of 57 8909 279TH AVE
Rent to Own Eligible
Hi Woods
Single Family Home
Salem, WI 53168
2
1
504 ft2
1950
27452 SILVER LAKE RD
Rent to Own Eligible
Hi Woods
Single Family Home
Salem, WI 53168
2
5
5701 ft2
2018
583 OAKWOOD TRL
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
3
3
2069 ft2
1929
New
25141 85TH ST
Rent to Own Eligible
 
Single Family Home
Salem, WI 53168
3
2
1363 ft2
1963
422 N SCHOOL ST
Rent to Own Eligible
Silver Lake
Single Family Home
Silver Lake, WI 53170
4
2
1812 ft2
1958
1517 PHEASANT AVE
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
2
1
848 ft2
1960
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Buying a Home in Round Lake, IL

Round Lake, IL is seeing rapid growth and Round Lake, IL's' housing market remains optimal with an average home price that is -2% below the 2024 national average. Round Lake, IL is part of Lake 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 Lake is 2.19% which is above the national average, which is 0.99%.

Median Home Price in Round Lake, IL

Median Rent in Round Lake, IL

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

Enjoy Lakeside Living in Round Lake, Illinois

Rising home values! Over the past year, Round Lake home values have risen a whopping 8.6 percent, with the median selling price currently at $186,615. In the area of Seneca Trail, a huge four-bedroom, three-bath house can list for less than $200,000, while homes around Tomahawk Trail can list for less than $115,000. This make Round Lake a great place to invest in real estate.

Cheaper rents than Chicago! Round Lake median rent prices are $1,400, which makes rentals and rent to own homes significantly cheaper than in nearby Chicago. In the area of West Forest Avenue, a two-bedroom lists at less than $1,050, while in the neighborhood of West Chatham Lane, a modern three-bedroom townhouse can list for less than $1,450.

Great local restaurants! Dining is mostly casual here, with many locally-owned eateries serving up delicious signature dishes. Check out a local favorite, Rancho Nuevo, for fantastic huevos rancheros and enchiladas. Another winner is Iron Horse Grill, which specializes in homemade soups and country fried steak.

Fun and fitness! The Round Lake Sports Center features a regulation-size soccer field and volleyball/basketball court, as well as a challenging indoor climbing wall. For water lovers, the Aquatic Center has a public pool with affordable daily rates.

Parks for hiking, biking and playing! Located in the heart of town, Fairfield Park offers trails for hiking and biking, plus an excellent course for disc golf. Likewise, nearby Kingsbury Park is an urban oasis with a basketball court and a beautiful pond that's perfect for picnics.

The great outdoors! A favorite destination for locals and vacationers, Nippersink Forest Preserve is a magnificent nature sanctuary with wooded lakefront nature walks and forests teeming with wildlife. For more recreational fun just minutes from town, check out Kristof's Entertainment Center, an indoor-outdoor facility with go-karts, mini golf and a huge arcade.