Rent to own Homes in Bloomington, IN

Bloomington is an Indiana city located about 50 miles outside of Indianapolis. It is the county seat of Monroe County. It was first incorporated in 1818, when former President James Monroe decided to use the site as the location of a seminary. Now, this seminary serves as the Indiana University.

Bloomington, IN is a great place for affordable rent-to-own homes! With a median household income of over $41,354 and a median rent of $946, the Bloomington, IN 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 Bloomington, IN. 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 Bloomington, IN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
7220 FORRESTER LN
Rent To Own
Southern Dunes
Townhouse/Condo
Indianapolis, IN 46217
3
3
1721 ft2
2005
Hot
1 of 104 1111 S WASHINGTON ST
Rent To Own
Bryan Park
Single Family Home
Bloomington, IN 47401
2
2
1119 ft2
1923
Hot
1 of 51 3312 E MULBERRY DR
Rent To Own
 
Single Family Home
Bloomington, IN 47401
5
4
4220 ft2
1995
Hot
1 of 25 4321 E WALPOLE LN
Rent To Own
 
Single Family Home
Bloomington, IN 47408
4
3
2098 ft2
1976
1 of 25 3212 S ABBY LN
Rent To Own
 
Single Family Home
Bloomington, IN 47401
4
3
1784 ft2
1995
Hot
1 of 23 4539 N SHADOW WOOD DR
Rent To Own
 
Single Family Home
Bloomington, IN 47404
3
3
1870 ft2
2003
Hot
1 of 18 2697 E ROCK CREEK DR
Rent To Own
Sycamore Knolls
Single Family Home
Bloomington, IN 47401
4
3
2286 ft2
1971
604 BAYBERRY CT W
Rent To Own
 
Townhouse/Condo
Bloomington, IN 47401
3
3
1356 ft2
2000
Hot
1 of 16 1900 E MAXWELL LN
Rent To Own
Eastside
Single Family Home
Bloomington, IN 47401
4
2
2867 ft2
1940
Hot
1 of 19 1810 S OXFORD DR
Rent To Own
Arden Place
Single Family Home
Bloomington, IN 47401
3
4
2478 ft2
1967
Hot
3593 N SERENDIPITY DR
Rent To Own
 
Single Family Home
Bloomington, IN 47408
2
1
840 ft2
1965
1 of 12 1698 W Sunstone Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Bloomington, IN 47378
2
2
0 ft2
2007
Hot
1 of 35 1637 S RENWICK BLVD
Rent To Own
Renwick
Single Family Home
Bloomington, IN 47401
3
3
2058 ft2
2010
1 of 15 8311 N STINESVILLE RD
Rent To Own
 
Single Family Home
Gosport, IN 47433
3
2
1407 ft2
1899
1 of 20 835 Spyglass Dr
Rent To Own
 
Multifamily (2 - 4 Units)
Bedford, IN 47421
4
4
3650 ft2
2008
Hot
1 of 28 125 THE WOODS
Rent To Own
 
Single Family Home
Bedford, IN 47421
4
4
3935 ft2
1991
5771 N STATE ROAD 135
Rent To Own
 
Single Family Home
Morgantown, IN 46160
2
1
820 ft2
1950
1441 QUINCY RD
Rent To Own
 
Single Family Home
Quincy, IN 47456
5
3
3600 ft2
1978
1 of 20 7649 South Becks Grove Road
Rent To Own
 
Multifamily (2 - 4 Units)
Freetown, IN 47235
3
3
1940 ft2
1950
Hot
7254 HALIBUT DR
Rent To Own
 
Single Family Home
Nineveh, IN 46164
4
3
1600 ft2
1960
Hot
1 of 27 6787 POPLAR GROVE RD
Rent To Own
 
Single Family Home
Freetown, IN 47235
2
1
1300 ft2
2019
Hot
8199 E COUNTY ROAD 400 S
Rent To Own
 
Single Family Home
Fillmore, IN 46128
3
1
1872 ft2
1922
494 W GREENCASTLE RD
Rent To Own
 
Single Family Home
Mooresville, IN 46158
3
2
2050 ft2
1998
Hot
1 of 13 180 N INDIANA ST
Rent To Own
 
Single Family Home
Mooresville, IN 46158
3
2
1530 ft2
1959
6214 E COUNTY ROAD 700 S
Rent To Own
 
Single Family Home
Plainfield, IN 46168
4
4
4180 ft2
1997
5598 So. County Road 0
Rent To Own
 
Multifamily (2 - 4 Units)
Clayton, IN 46118
4
2
2762 ft2
1 of 49 6091 HUNTERS RIDGE DR
Rent To Own
 
Single Family Home
Plainfield, IN 46168
4
3
2648 ft2
1996
Hot
1 of 12 1661 WHITE OAK WAY
Rent To Own
 
Single Family Home
Franklin, IN 46131
4
3
2138 ft2
1997
1 of 13 1360 White Ash Road
Rent To Own
 
Multifamily (2 - 4 Units)
Greenwood, IN 46143
5
3
2552 ft2
2000
1 of 26 4183 MESSERSMITH DR
Rent To Own
 
Single Family Home
Greenwood, IN 46142
4
4
3900 ft2
1986
Hot
1 of 38 92 PIN OAK CT
Rent To Own
 
Single Family Home
Whiteland, IN 46184
5
4
3900 ft2
2001
Hot
1 of 16 521 GRASSY LN
Rent To Own
Hill Valley
Single Family Home
Indianapolis, IN 46217
3
2
1732 ft2
1973
Hot
1 of 58 42 S COUNTY ROAD 175 W
Rent To Own
 
Single Family Home
Greencastle, IN 46135
3
3
2926 ft2
1979
1 of 24 260 N GREENWOOD ST
Rent To Own
Greenwood
Single Family Home
Greenwood, IN 46142
3
3
2328 ft2
1986
Hot
1 of 27 467 CAMBY CT
Rent To Own
Greenwood
Townhouse/Condo
Greenwood, IN 46142
2
3
2665 ft2
1985
1 of 45 3480 BILLINGSLY RD
Rent To Own
 
Single Family Home
Greenwood, IN 46143
2
1
1104 ft2
2014
Hot
1 of 15 5860 JUDACO DR
Rent To Own
Edgewood
Single Family Home
Indianapolis, IN 46227
3
2
1843 ft2
1996
Hot
1 of 12 7611 OAK GROVE DR
Rent To Own
South Franklin
Single Family Home
Indianapolis, IN 46259
4
2
2634 ft2
2003
Hot
1 of 23 8031 PARCREST CT
Rent To Own
South Franklin
Single Family Home
Indianapolis, IN 46259
4
3
2323 ft2
2000
1 of 44 7620 KNAPP RD
Rent To Own
South Franklin
Single Family Home
Indianapolis, IN 46259
4
3
3200 ft2
1997
700 E MOODY DR
REO Foreclosure
Pinestone
Single Family Home
Bloomington, IN 47401
3
2
1352 ft2
1992
New
811 S WINRIDGE CT
Pre-Foreclosure (Lis Pendens)
West Pointe
Single Family Home
Bloomington, IN 47403
3
2
1911 ft2
1993
New
1 of 25 2592 S DELILA STAR DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Bloomington, IN 47403
3
3
1364 ft2
2013
New
467 W SOMERSBE PL
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Bloomington, IN 47403
3
3
1764 ft2
1993
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Buying a Home in Bloomington, IN

Bloomington, IN is seeing rapid growth and Bloomington, IN's' housing market remains not optimal with an average home price that is 1% above the 2024 national average. Bloomington, IN is part of Monroe 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 Monroe is 0.78% which is below the national average, which is 0.99%.

Median Home Price in Bloomington, IN

Median Rent in Bloomington, IN

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

Top Reasons to Live in Bloomington IN

Housing Statistics If you're looking for a house that's buyable, rentable or rent to own, you'll want to know more about the housing market in Bloomington. On average, the price per square foot for housing in Bloomington sits at $62, which represents a total drop of 61.5% in comparison to the year prior. The median price for houses in Bloomington is measured at $78,160. This figure is based on a total of 17 house sales. The figure shows a decrease of 23.9%, translated as $24,601, taken from the same period of time last year. The number of sales has also increased since last year by 15.6%. At the moment, there are 1,440 resale and new homes in the city. There are 168 homes in pre-foreclosure stage, auction stage or bank owned. The average listing sits at a total of $227,229 for the week of August 28. When compared to the week before, a 0.4 decrease is visible. 63.31% of the houses in Bloomington are rented, while 4.46% are currently unoccupied.

Arts and Culture Residents of Bloomington enjoy a plethora of educational and cultural gems scattered across the area. One of the best sites in the city is the Kirkwood Observatory, named after famous astronomer Daniel Kirkwood and built in 1900. The Buskirk-Chumley Theatre is another great attraction, found downtown and listed in the National Register of Historic Places. Also, the Musical Arts Center on 1201 East Third Street is a favorite in the area. The "MAC" is Indiana University's premier performance venue and home to the School of Music Department of Ballet. A few smaller concert halls can be found in Simon Music Center. The School of Music uses these halls for recitals and chamber concerts. For showcases of artwork, check out the non-profit Theatre of The People. Another recommendation is the Mathers Museum of World Cultures on 416 N. Indiana Avenue.

Local Shopping For shopping, Kirkwood Avenue is highly recommended. This street leading form Downtown Square to the entrance of the university is where visitors will find a range of clothing stores and souvenir shops. The Fountain Square Mall is another hot-spot for a somewhat unique shopping experience. An upscale mall found downtown, shoppers can enjoy vintage clothing stores, expensive clothing, a games store, a local artist's coop and a toy store. Opposite, readers will be dazzled by Caveat Emptor, a used-book store which is filled to the brim with forgotten wonders. Landlocked Music, also found downtown, is the place to go for music lovers. Here, shoppers can find a rich selection of new and used music.

School Systems There is a good network of schools running throughout Bloomington. The five top-rated public schools are as follows: Childs Elementary School, Lakeview Elementary School, Bloomington High School South, Jackson Creek Middle School and Tri-North Middle School. In terms of higher education, President James Monroe's famous seminary was converted into Indiana University in 1848. This university offers a wide range of different programs for its students and boasts one of the most spectacular campuses in the country.

Transportation and Commutes To get into the city by car, it's best to use the S.R 37 State Road 37, which is the main highway running straight through Bloomington. It then reaches Indianapolis. Also, look for S.R 46 State Road, which goes through the town and east into Brown Country. Getting into the city is also done easily by bus. The Miller Trailways is a daily bus service going to Bloomington from Indianapolis. There is a shuttle service that offers multiple runs to and from the Indianapolis airport. To get around town, residents say that the Bloomington Transit can be taken advantage of -- it's a city-wide bus system with many convenient routes. There are also many bike paths with low traffic for car use. Avoid the high prices of the taxis going around the town.