Rent to own Homes in Covington, IN

Covington, IN is a great place for affordable rent-to-own homes! With a median household income of over $53,309 and a median rent of $680, the Covington, 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 Covington, 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 Covington, IN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
Hot
1 of 20 511 N MONROE ST
Rent To Own
 
Single Family Home
Williamsport, IN 47993
3
1
1722 ft2
1910
Hot
1 of 15 27 S GRIFFIN ST
Rent To Own
 
Single Family Home
Danville, IL 61832
2
1
1291 ft2
1930
Hot
1 of 8 1214 CLEARY AVE
Rent To Own
 
Single Family Home
Danville, IL 61832
2
1
0 ft2
Hot
205 S STATE ST
Rent To Own
 
Single Family Home
Ridge Farm, IL 61870
5
2
3500 ft2
Hot
1 of 28 202 MILL ST
Rent To Own
 
Single Family Home
Indianola, IL 61850
2
2
1800 ft2
1912
1 of 14 3914 E 2350 NORTH RD
Rent To Own
 
Single Family Home
Fithian, IL 61844
3
2
1512 ft2
2005
Hot
403 N GRAY ST
Rent To Own
 
Single Family Home
Sidell, IL 61876
2
1
1100 ft2
1900
876 N. JIM HAN CIRCLE
Rent To Own
 
Multifamily (2 - 4 Units)
Rockville, IN 47872
2
2
1152 ft2
1969
205 S CLINTON ST
REO Foreclosure
 
Single Family Home
West Lebanon, IN 47991
4
2
3641 ft2
1910
1125 W LAKE HIDEAWAY RD
Auction
 
Single Family Home
Kingman, IN 47952
3
1
1060 ft2
1965
Hot
129 E 4TH ST
REO Foreclosure
 
Single Family Home
Williamsport, IN 47993
1
1
1036 ft2
1900
1 of 22 927 S PERRY ST
Auction
 
Single Family Home
Attica, IN 47918
2
1
650 ft2
1954
1 of 23 110 W LITHIA ST
REO Foreclosure
 
Single Family Home
Attica, IN 47918
4
1
2093 ft2
1940
1 of 3 221 DELAWARE AVE
Auction
 
Single Family Home
Danville, IL 61832
2
1
1053 ft2
206 STROUP ST
REO Foreclosure
 
Single Family Home
Danville, IL 61832
3
1
1465 ft2
1914
1 of 10 204 HOLLOVY ST
REO Foreclosure
 
Single Family Home
Attica, IN 47918
3
1
1424 ft2
1948
512 N BEARD ST
Auction
 
Single Family Home
Danville, IL 61832
2
2
2598 ft2
1 of 10 1227 N LOGAN AVE
REO Foreclosure
 
Single Family Home
Danville, IL 61832
4
2
2334 ft2
New
1 of 3 125 ILLINOIS AVE
Auction
 
Single Family Home
Westville, IL 61883
2
1
1020 ft2
2585 E STATE ROAD 234
REO Foreclosure
 
Single Family Home
Kingman, IN 47952
3
1
2713 ft2
1940
207 W GARFIELD ST
Auction
 
Single Family Home
Waynetown, IN 47990
4
3
2282 ft2
1967
New
1 of 5 4 GLADIATOR DR
Auction
 
Single Family Home
Waynetown, IN 47990
3
2
1422 ft2
2007
141 N LINDEN ST
REO Foreclosure
 
Single Family Home
Dana, IN 47847
3
2
5184 ft2
1832
New
857 N MONROE ST
Auction
 
Single Family Home
Montezuma, IN 47862
3
2
1248 ft2
1983
New
4080 E HIGHLAND AVE
REO Foreclosure
 
Single Family Home
Hillsdale, IN 47854
2
1
1563 ft2
1932
88 N JEFFERSON ST
REO Foreclosure
 
Single Family Home
Montezuma, IN 47862
2
1
994 ft2
1889
1 of 16 211 E STATE ROAD 352
Auction
 
Single Family Home
Boswell, IN 47921
2
1
1176 ft2
1961
1 of 5 114 W WASHINGTON ST
Auction
 
Single Family Home
New Richmond, IN 47967
3
2
1718 ft2
1959
1 of 5 513 S WABASH ST
Auction
 
Single Family Home
New Richmond, IN 47967
3
1
1275 ft2
1961
305 S WABASH ST
Auction
 
Single Family Home
New Richmond, IN 47967
4
1
1130 ft2
1961
403 LOCUST ST
REO Foreclosure
 
Single Family Home
Oxford, IN 47971
1
3
2232 ft2
1930
11926 N 400 W
REO Foreclosure
 
Single Family Home
Romney, IN 47981
3
2
1512 ft2
1996
1 of 44 602 S 4TH ST
Auction
 
Single Family Home
Hoopeston, IL 60942
3
2
0 ft2
Hot
10891 N WEEKLY LN W
REO Foreclosure
 
Single Family Home
New Richmond, IN 47967
3
2
1768 ft2
2001
1422 S CATLIN RD
Auction
 
Single Family Home
Rockville, IN 47872
3
2
2236 ft2
1960
1 of 8 6440 W STATE ROAD 234
Auction
 
Single Family Home
Crawfordsville, IN 47933
3
1
1636 ft2
1920
New
1 of 40 1145 S WEEMIAK TRL
Auction
 
Single Family Home
Crawfordsville, IN 47933
3
3
2611 ft2
1990
New
2499 W 650 N
Auction
 
Single Family Home
Crawfordsville, IN 47933
2
1
1284 ft2
1956
New
505 S MAIN ST
Auction
 
Single Family Home
Otterbein, IN 47970
4
1
1356 ft2
1945
11514 N REED ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Saint Bernice, IN 47875
2
2
1344 ft2
1962
103 TIMMONS ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Otterbein, IN 47970
4
2
1780 ft2
1910
1 of 4 1623 S 242 E
Auction
 
Single Family Home
Fowler, IN 47944
2
1
1242 ft2
1890
2946 W SHORE DR
Auction
 
Single Family Home
Crawfordsville, IN 47933
3
3
1920 ft2
1980
1 of 6 233 N GILBERT ST
REO Foreclosure
 
Single Family Home
Clinton, IN 47842
2
1
1632 ft2
1976
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Buying a Home in Covington, IN

Covington, IN is seeing rapid growth and Covington, IN's' housing market remains optimal with an average home price that is -48% below the 2024 national average. Covington, IN is part of Fountain 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 Fountain is 0.71% which is below the national average, which is 0.99%.

Median Home Price in Covington, IN

Median Rent in Covington, IN

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