Rent to Own Homes in Indianapolis, IN

Indianapolis is the 12th largest city in the country with a population of close to 830,000. It's the capital of Indiana, and it has been voted by numerous publications as one of the best places to live in the United States when it comes to large cities. The city offers a great deal for its residents, including large scale attractions, major sports, and comfortable living. Indianapolis is also noted as one of the fastest growing cities in the country. It is home to a huge selection of housing, including rental apartments, rent to own houses, and purchasable homes.

Indianapolis, IN is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Indianapolis, 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 300 Indianapolis, IN rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
New
1 of 32 11536 Cresent Court
3 Beds, 2.5 Baths
Rent To Own
Geist
Single Family Home
Indianapolis, IN 46236
2,192 Sqft | Built in 1986
1026 Jefferson Ave
2 Beds, 1 Bath
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
2,668 Sqft | Built in 1920
512 Central Ave
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Anderson, IN 46012
1,202 Sqft | Built in 1915
1 of 37 8001 Westfield Blvd
2 Beds, 2 Baths
Rent To Own
North Central
Single Family Home
Indianapolis, IN 46240
4,969 Sqft | Built in 1929
1 of 56 2355 S Sheridan Ave
3 Beds, 1 Bath
Rent To Own
Southeast Indianapolis
Single Family Home
Indianapolis, IN 46203
1,805 Sqft | Built in 1968
Hot
4905 Mount Vernon Dr
2 Beds, 1 Bath
Rent To Own
Edgewood
Townhouse/Condo
Indianapolis, IN 46227
1,020 Sqft | Built in 1965
Hot New
1 of 9 3133 Wildcat Ln
3 Beds, 1 Bath
Rent To Own
Southeast Indianapolis
Townhouse/Condo
Indianapolis, IN 46203
1,256 Sqft | Built in 2001
1 of 16 521 Grassy Ln
3 Beds, 1 Bath
Rent To Own
Hill Valley
Single Family Home
Indianapolis, IN 46217
1,732 Sqft | Built in 1973
Rent to own homes offer low monthly payments and flexible terms
6200 Brookville
3 Beds, 1 Bath
Rent To Own
Irvington
Multifamily (2 - 4 Units)
Indianapolis, IN 46229
1,000 Sqft | Built in 1980
1 of 5 1101 N Layman Ave
2 Beds, 1 Bath
Rent To Own
Eastside
Single Family Home
Indianapolis, IN 46219
1,142 Sqft | Built in 1953
932 N Hawthorne Ln., Indianapolis, In 46219
3 Beds, 2 Baths
Rent To Own
Irvington
Multifamily (2 - 4 Units)
Indianapolis, IN 46219
-3,000 Sqft | Built in 1940
1 of 65 8556 Preservation Way
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Indianapolis, IN 46278
2,676 Sqft | Built in 2016
Hot
1 of 20 18 Orange St
1 Bed, 3 Baths
Rent To Own
Near Southside
Single Family Home
Indianapolis, IN 46225
1,512 Sqft | Built in 2017
Hot
1 of 23 8031 Parcrest Ct
4 Beds, 1.5 Bath
Rent To Own
South Franklin
Single Family Home
Indianapolis, IN 46259
2,323 Sqft | Built in 2000
1 of 10 3650 N Brentwood Ave
3 Beds, 1.5 Bath
Rent To Own
Northeastwood
Single Family Home
Indianapolis, IN 46235
1,213 Sqft | Built in 1961
1 of 12 7611 Oak Grove Dr
3 Beds, 1 Bath
Rent To Own
South Franklin
Single Family Home
Indianapolis, IN 46259
2,166 Sqft | Built in 2003
1 of 15 5001 Apple Spruce Drive
3 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Indianapolis, IN 46235
1,710 Sqft | Built in 1997
1 of 44 7620 Knapp Rd
3 Beds, 1.5 Bath
Rent To Own
South Franklin
Single Family Home
Indianapolis, IN 46259
2,905 Sqft | Built in 1997
1 of 4 Forest Manor
3 Beds, 2 Baths
Rent To Own
Devon
Multifamily (2 - 4 Units)
Indianapolis, IN 46226
1,300 Sqft | Built in 1952
1 of 31 4075 Ashbourne Ln
4 Beds, 2.5 Baths
Rent To Own
Devon
Single Family Home
Indianapolis, IN 46226
2,827 Sqft | Built in 1955
Hot
1 of 10 2102 Oak Run North Dr
3 Beds, 1 Bath
Rent To Own
St Vincent - Greenbriar
Townhouse/Condo
Indianapolis, IN 46260
1,441 Sqft | Built in 1986
1 of 35 6026 Indianola Ave
3 Beds, 3 Baths
Rent To Own
Broad Ripple
Single Family Home
Indianapolis, IN 46220
2,115 Sqft | Built in 1930
Hot
1 of 22 5321 E 72nd Pl
4 Beds, 1.5 Bath
Rent To Own
Allisonville
Single Family Home
Indianapolis, IN 46250
2,661 Sqft | Built in 1965
1 of 27 467 Camby Ct
2 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Greenwood, IN 46142
2,633 Sqft | Built in 1985
1 of 40 8627 N Winding Bnd
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Mccordsville, IN 46055
2,450 Sqft | Built in 2010
10254 Carrollton Ave
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Indianapolis, IN 46280
1,344 Sqft | Built in 1955
1 of 12 10371 Buckshire Ln
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Indianapolis, IN 46234
1,190 Sqft | Built in 2003
1 of 24 260 N Greenwood St
2 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Greenwood, IN 46142
2,260 Sqft | Built in 1986
1 of 21 2115 E 110th St
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Carmel, IN 46032
1,834 Sqft | Built in 1968
Hot
1 of 26 4183 Messersmith Dr
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Greenwood, IN 46142
3,706 Sqft | Built in 1986
1 of 45 10420 Calibouge Dr
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Fishers, IN 46037
2,500 Sqft | Built in 1998
1 of 25 11954 Mannings Pass
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Zionsville, IN 46077
3,185 Sqft | Built in 2013
1 of 13 1360 White Ash Road
5 Beds, 2.5 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Greenwood, IN 46143
2,552 Sqft | Built in 2000
1 of 45 3480 Billingsly Rd
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Greenwood, IN 46143
1,104 Sqft | Built in 2014
1 of 13 180 N Indiana St
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Mooresville, IN 46158
1,530 Sqft | Built in 1959
1 of 49 6091 Hunters Ridge Dr
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Plainfield, IN 46168
2,648 Sqft | Built in 1996
1 of 4 13462 Spotswood St
3 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Carmel, IN 46032
4,696 Sqft | Built in 2005
1 of 5 9852 Parkshore Dr
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Fishers, IN 46038
3,514 Sqft | Built in 2003
1 of 47 6571 Freemont Ln
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Carmel, IN 46033
5,129 Sqft | Built in 2010
1 of 22 7028 Christopher Ct
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Brownsburg, IN 46112
2,542 Sqft | Built in 1977
Hot
1 of 30 15493 Brackenwood Ct
4 Beds, 3.5 Baths
Rent To Own
Noble West
Single Family Home
Noblesville, IN 46062
3,170 Sqft | Built in 2004
1 of 49 13154 Girvan Way
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Fishers, IN 46037
3,424 Sqft | Built in 2018
Hot
1 of 38 92 Pin Oak Ct
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Whiteland, IN 46184
2,718 Sqft | Built in 2001
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Buying a Home in Indianapolis, IN

Indianapolis, IN is seeing rapid growth and Indianapolis, IN's' housing market remains optimal with an average home price that is -100% below the 2022 national average. Indianapolis, IN is part of Marion 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 2022 for county Marion is 1.15% which is above the national average, which is 0.99%.

Median Home Price in Indianapolis, IN

Median home price data is currently unavailable.

Median Rent in Indianapolis, IN

Median rent data is currently unavailable.
Rent to own homes offer low monthly payments and flexible terms

Top Reasons to Live in Indianapolis IN

Housing Statistics One thing that makes Indianapolis one of the best places to live in the country is its cost of living. The cost of renting a home is $700, which is pretty much the average across the country for a one-bedroom property. The average price of a home is less than $100,000, at $99,570. If you're looking for a place to live, there are approximately 800,000 houses with less than 10% vacant. As with most cities there are more people who own a home than those who are renting a home. There are 63% of residents who own a home and 30% of residents who rent a home. If you own a home, the average cost of a home in Indianapolis is about $130,000. an.

Largest Employers and Industries Indianapolis has many well-known companies headquartered in the city. This is one of the reasons the city has experienced so much growth. One of the largest companies headquartered in Indianapolis is Eli Lilly and Company, a large pharmaceutical manufacturer. The wireless provider Brightpoint is located here. Indianapolis also has distribution centers for FedEx Express, Amazon, Target, and CVS Pharmacy. The health insurance provider, Wellpoint, is also located here. Conseco, Emmis Communications, Steak 'n Shake, and Dow AgroSciences, Sallie Mae, Rolls-Royce, Raytheon, and General Motors are a few more popular companies that call Indianapolis home.

Arts and Culture Indianapolis is rich in arts and culture. The city actually has six cultural districts located throughout the city. There is a cultural trail which is an urban bike and pedestrian pathway that connects the six cultural districts. The center of Indianapolis has a Monument Circle, which is dedicated to the military. There is the War Memorial Plaza dedicated to soldiers of World War I. In fact, the city is second to only Washington, D.C., when it comes to war memorials.

NeighborhoodsNorth Side: The North side of the city is considered the central part and it is the oldest. Many of the purchasable and rental homes there are being renovated. It is pretty much an urban area with areas like Cottage Home and Lockerbie Square. The Butler-Tarkington neighborhood is close to Butler University with many college students living in this area. If you have a family you may consider Meridian-Kessler. It is an area full of brick homes and spacious yards that's perfect for families.

Indianapolis, IN Frequently Asked Questions

Indianapolis is safer than 1% of Indiana's cities and 2%. Though the crime rate has risen in 2021, the mayor still refers to Indianapolis as "extraordinarily safe."

Yes! Indianapolis is Indiana's largest city, has a healthy job market, three different universities, and the cost of living is 12% lower than the national average.

The average snowfall is 21.6 inches, which is below the national average of 27.8 inches.

The median price of a home in Indianapolis, Indiana, is $217,000.

Indianapolis, IN has a walk score of

Indianapolis, IN has a bike score of

The state tax rate is 3.23% on top of the federal tax rate of 10 to 37%.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Some data might be from tax-rates.org
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