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 a median household income of over $50,813 and a median rent of $911, the Indianapolis, 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 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 Indianapolis, IN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
904 N KEYSTONE AVE
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
4
3
2000 ft2
1915
1 of 28 234 N TACOMA AVE
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
4
4
1889 ft2
1920
4456 N KENYON AVE
Rent To Own
Devington
Single Family Home
Indianapolis, IN 46226
3
1
1598 ft2
1959
3545 S SADLIER DR
Rent To Own
Five Points
Single Family Home
Indianapolis, IN 46239
3
2
1606 ft2
1957
7220 FORRESTER LN
Rent To Own
Southern Dunes
Townhouse/Condo
Indianapolis, IN 46217
3
3
1721 ft2
2005
9910 N COUNTY ROAD 1075 E
Rent To Own
 
Single Family Home
Brownsburg, IN 46112
2
2
2134 ft2
1954
1 of 57 11695 HORIZON CT
Rent To Own
Masthead
Single Family Home
Fishers, IN 46037
4
6
2170 ft2
1987
512 CENTRAL AVE
Rent To Own
 
Single Family Home
Anderson, IN 46012
3
2
1202 ft2
1915
Hot
1 of 10 2102 OAK RUN NORTH DR
Rent To Own
St Vincent - Greenbriar
Single Family Home
Indianapolis, IN 46260
2
2
1441 ft2
1986
Hot
1 of 5 1101 N LAYMAN AVE
Rent To Own
Eastside
Single Family Home
Indianapolis, IN 46219
2
2
2200 ft2
1953
4923 KESSLER BOULEVARD EAST DR
Rent To Own
Devonshire
Single Family Home
Indianapolis, IN 46220
8
6
26000 ft2
1956
1 of 35 6026 INDIANOLA AVE
Rent To Own
Broad Ripple
Single Family Home
Indianapolis, IN 46220
5
3
3300 ft2
1930
3505 BIRCHWOOD AVE
Rent To Own
Mapleton - Fall Creek
Single Family Home
Indianapolis, IN 46205
3
2
2352 ft2
1913
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 20 18 ORANGE ST
Rent To Own
Near Southside
Single Family Home
Indianapolis, IN 46225
3
3
1539 ft2
2017
1 of 9 3133 Wildcat Lane
Rent To Own
Southeast Indianapolis
Multifamily (2 - 4 Units)
Indianapolis, IL 46203
3
2
1256 ft2
2001
Hot
1 of 25 1458 N LINWOOD AVE
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
2
1
1020 ft2
1926
Hot
1 of 10 3650 N BRENTWOOD AVE
Rent To Own
Northeastwood
Single Family Home
Indianapolis, IN 46235
3
2
1250 ft2
1961
Hot
1 of 4 2531 DELL ZELL DR
Rent To Own
Millersville
Single Family Home
Indianapolis, IN 46220
3
1
1144 ft2
1950
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 12 7611 OAK GROVE DR
Rent To Own
South Franklin
Single Family Home
Indianapolis, IN 46259
4
2
2634 ft2
2003
1 of 14 1426 N COLORADO AVE
Rent To Own
Near Eastside
Townhouse/Condo
Indianapolis, IN 46201
2
2
1400 ft2
1928
932 N Hawthorne Ln., Indianapolis, In 46219
Rent To Own
Irvington
Multifamily (2 - 4 Units)
Indianapolis, IN 46219
3
2
-3000 ft2
1940
6200 Brookville
Rent To Own
Irvington
Multifamily (2 - 4 Units)
Indianapolis, IN 46229
3
1
1000 ft2
1980
Hot
929 N BOSART AVE
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
2
1
884 ft2
1920
1239 N PARK AVE
Rent To Own
Downtown Indianapolis
Single Family Home
Indianapolis, IN 46202
4
5
6650 ft2
2000
Hot
1 of 56 2355 S SHERIDAN AVE
Rent To Own
Southeast Indianapolis
Single Family Home
Indianapolis, IN 46203
3
2
1805 ft2
1968
Hot
1 of 27 6140 INDIANOLA AVE
Rent To Own
Broad Ripple
Single Family Home
Indianapolis, IN 46220
2
1
836 ft2
1927
Hot
1 of 17 7123 EMBER CT
Rent To Own
 
Single Family Home
Indianapolis, IN 46236
4
4
3370 ft2
1997
Hot
1 of 31 8249 SKIPJACK DR
Rent To Own
Geist
Single Family Home
Indianapolis, IN 46236
4
5
4491 ft2
1986
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 13 3215 S PENNSYLVANIA ST
Rent To Own
North Perry
Single Family Home
Indianapolis, IN 46227
3
2
1276 ft2
1955
6916 STARKEY RIDGE LN
Rent To Own
Augusta - New Augusta
Single Family Home
Indianapolis, IN 46268
3
2
1546 ft2
1993
Hot
2906 MARS HILL ST
Rent To Own
Mars Hill
Single Family Home
Indianapolis, IN 46241
2
1
816 ft2
1930
4812 E 21ST ST
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46218
4
1
1270 ft2
1950
1 of 37 8001 WESTFIELD BLVD
Rent To Own
North Central
Single Family Home
Indianapolis, IN 46240
5
6
6490 ft2
1929
1 of 4 Forest Manor
Rent To Own
Devon
Multifamily (2 - 4 Units)
Indianapolis, IN 46226
3
2
1300 ft2
1952
Hot
1 of 5 2531 N TACOMA AVE
Rent To Own
Martindale - Brightwood
Townhouse/Condo
Indianapolis, IN 46218
4
2
1560 ft2
1958
Hot
1 of 45 5321 E 72ND PL
Rent To Own
Allisonville
Single Family Home
Indianapolis, IN 46250
4
3
3500 ft2
1965
Hot
1 of 31 4075 ASHBOURNE LN
Rent To Own
Devon
Single Family Home
Indianapolis, IN 46226
4
3
2827 ft2
1955
1601 E 77TH ST
Rent To Own
North Central
Single Family Home
Indianapolis, IN 46240
3
3
2987 ft2
1934
9150 KERWOOD DR
Rent To Own
Nora - Far Northside
Single Family Home
Indianapolis, IN 46240
3
3
3291 ft2
1949
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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 -33% below the 2024 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 2024 for county Marion is 1.15% which is above the national average, which is 0.99%.

Median Home Price in Indianapolis, IN

Median Rent in Indianapolis, IN

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.