Rent to own Homes in Towanda, IL

Towanda, IL is a great place for affordable rent-to-own homes! With a median household income of over $59,250 and a median rent of $733, the Towanda, 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 Towanda, 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 Towanda, 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 33 23 PEBBLEBROOK CT
Rent To Own
Fox Creek Road
Single Family Home
Bloomington, IL 61705
5
4
4709 ft2
1997
Hot
1 of 38 3193 MARIMARSH LN
Rent To Own
 
Single Family Home
Normal, IL 61761
4
4
3111 ft2
2005
1 of 59 5 SMOKEY CT
Rent To Own
Hawthorne Hills
Single Family Home
Bloomington, IL 61704
5
3
5196 ft2
2001
Hot
1 of 28 20 ARDITH DR
Rent To Own
 
Single Family Home
Normal, IL 61761
3
1
2200 ft2
1964
1 of 43 112 MALLARD WAY
Rent To Own
 
Single Family Home
Hudson, IL 61748
4
4
4524 ft2
2019
1 of 18 304 BELVIEW AVE
Rent To Own
 
Single Family Home
Normal, IL 61761
3
2
1580 ft2
1961
Hot
1 of 6 5 NORTHCREST CT
Rent To Own
Country Club Place-Northcrest
Single Family Home
Bloomington, IL 61701
4
4
4163 ft2
1969
Hot
1 of 42 3305 CUMBRIA DR
Rent To Own
Old Farm Lakes
Single Family Home
Bloomington, IL 61704
2
3
2141 ft2
1991
Hot
1 of 36 906 E LOCUST ST
Rent To Own
 
Single Family Home
Bloomington, IL 61701
4
2
1776 ft2
1910
Hot
1 of 47 115 N ADELAIDE ST
Rent To Own
 
Single Family Home
Normal, IL 61761
4
2
2800 ft2
1955
1 of 6 901 S HINSHAW AVE
Rent To Own
 
Single Family Home
Bloomington, IL 61701
3
3
2004 ft2
1984
1 of 17 2802 BUNN ST
Rent To Own
 
Single Family Home
Bloomington, IL 61704
3
1
2400 ft2
1979
Hot
1 of 37 19685 MALLINGHAM WAY
Rent To Own
 
Single Family Home
Bloomington, IL 61705
4
4
4202 ft2
1993
1 of 21 8 EMERALD CREST CT
Rent To Own
Fox Creek Road
Single Family Home
Bloomington, IL 61705
5
5
4200 ft2
2006
1 of 17 106 Champion Dr
Rent To Own
 
Multifamily (2 - 4 Units)
Chenoa, IL 61726
3
2
2016 ft2
2001
1 of 38 428 W MAIN ST
Rent To Own
 
Single Family Home
Stanford, IL 61774
3
2
1216 ft2
1897
314 E JEFFERSON ST
Rent To Own
 
Single Family Home
Clinton, IL 61727
4
3
3438 ft2
1918
1 of 29 46 PARK LN
Rent To Own
 
Single Family Home
Clinton, IL 61727
3
3
1371 ft2
1971
5036 SILVERADO LN
Rent To Own
 
Single Family Home
Clinton, IL 61727
5
4
4490 ft2
2004
1236 BLUE BILL WAY
REO Foreclosure
 
Single Family Home
Normal, IL 61761
3
4
1933 ft2
2006
1 of 6 1225 LODGE POLE LN
Auction
 
Single Family Home
Normal, IL 61761
4
3
2443 ft2
2001
1 of 23 1079 OSPREY LN
Auction
 
Single Family Home
Normal, IL 61761
3
3
2074 ft2
2005
2277 ELWOOD LN
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Normal, IL 61761
4
3
2336 ft2
2002
406 BEACON CIR
Auction
North Pointe
Single Family Home
Bloomington, IL 61704
3
3
1916 ft2
1991
1 of 43 2 CURRIE CT
Pre-Foreclosure (Lis Pendens)
Hawthorne II
Single Family Home
Bloomington, IL 61704
4
4
4755 ft2
2000
2012 LONGWOOD LN
Auction
Hawthorne II
Single Family Home
Bloomington, IL 61704
4
3
4049 ft2
1998
New
1 of 76 2810 STEVENSON DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Bloomington, IL 61704
4
2
2668 ft2
2007
New
1916 LONGWOOD LN
Auction
Hawthorne II
Single Family Home
Bloomington, IL 61704
5
3
4759 ft2
1997
New
1721 JOHNSON DR
Auction
 
Single Family Home
Normal, IL 61761
3
1
1020 ft2
1976
New
1702 FORT JESSE RD
Auction
 
Single Family Home
Normal, IL 61761
4
1
1005 ft2
1969
New
2101 SUMMERFIELD BLVD
Auction
 
Single Family Home
Bloomington, IL 61704
4
2
3161 ft2
2001
New
1 of 54 1636 BELCLARE RD
Auction
 
Single Family Home
Normal, IL 61761
3
4
1619 ft2
2005
1306 AIRPORT RD
REO Foreclosure
 
Single Family Home
Bloomington, IL 61704
3
2
1978 ft2
1977
Hot
1 of 25 1314 SHANNON DR
Short Sale
 
Single Family Home
Normal, IL 61761
4
4
2268 ft2
1998
1 of 19 1602 BELCLARE RD
REO Foreclosure
 
Single Family Home
Normal, IL 61761
3
3
1519 ft2
2006
New
1606 ROYAL POINTE DR
Auction
 
Single Family Home
Bloomington, IL 61704
3
2
2294 ft2
1994
1 of 102 1429 MILL CREEK RD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Bloomington, IL 61704
4
3
1912 ft2
1990
2813 CLEARWATER AVE
REO Foreclosure
 
Single Family Home
Bloomington, IL 61704
4
3
1943 ft2
1995
New
1 of 50 20 ABERDEEN WAY
Auction
 
Single Family Home
Bloomington, IL 61704
4
2
1944 ft2
1990
New
1221 BEACON HILL CT
Auction
 
Single Family Home
Normal, IL 61761
3
3
1510 ft2
1997
1834 CHUCK MURRAY DR
Short Sale
 
Single Family Home
Normal, IL 61761
3
3
1726 ft2
2003
1401 DILLON DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Normal, IL 61761
3
1
903 ft2
1971
New
308 BONAIR DR
Auction
 
Single Family Home
Normal, IL 61761
3
2
1191 ft2
1973
1 of 28 1516 ESTATE DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Normal, IL 61761
4
4
2091 ft2
2003
Map
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Buying a Home in Towanda, IL

Towanda, IL is seeing rapid growth and Towanda, IL's' housing market remains optimal with an average home price that is -33% below the 2024 national average. Towanda, IL is part of McLean 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 McLean is 2.03% which is above the national average, which is 0.99%.

Median Home Price in Towanda, IL

Median Rent in Towanda, IL

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