Rent to own Homes in Kentucky

Kentucky is beautiful, has a stable economy, and a peaceful group of residents. Half of the state - 12.7 million acres - is covered in forest, and it has 1,100 miles of commercially navigable miles of running water. Its population of 4,467,673 is spread across 39,486 square miles. Kentucky's neighborhoods range from slow-paced, rural lifestyles to bustling city life. You can choose what suits you best when you buy a rent-to-own home in Kentucky.

With several options for enjoying the outdoors, tons of culturally-rich sites to explore, and a very affordable selection of cities to choose from, Kentucky checks all the right boxes for those looking for a rent-to-own home.

Kentucky is a great place for affordable rent-to-own homes! With a median household income of over $52,238 and a median rent of $783, the Kentucky 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 Kentucky. 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 Kentucky rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
512 WILL PKWY
5 Beds, 4 Baths
Rent To Own
 
Single Family Home
Versailles, KY 40383
3,116 Sqft | Built in 2016
2132 Gilbert Ave
2 Beds, 3 Baths
Rent To Own
Walnut Hills
Single Family Home
Cincinnati, OH 45206
1,244 Sqft | Built in 1987
5303 PENDLETON RD
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Louisville, KY 40272
1,546 Sqft | Built in 1966
323 EVERGREEN RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Louisville, KY 40243
2,200 Sqft | Built in 1926
3167 SUMMITRUN DR
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Independence, KY 41051
1,833 Sqft | Built in 2004
653 S BARBEE WAY
3 Beds, 1 Bath
Rent To Own
Merriwether
Single Family Home
Louisville, KY 40217
2,108 Sqft | Built in 1930
18 JACKSON LN
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Evarts, KY 40828
1,124 Sqft | Built in 1930
3714 TEN BROECK WAY
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Louisville, KY 40241
3,187 Sqft | Built in 1963
Rent to own homes offer low monthly payments and flexible terms
622 E Harding Ave
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Henderson, KY 42420
1,056 Sqft | Built in 2022
131 BOURNE AVE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Somerset, KY 42501
1,100 Sqft | Built in 1970
1621 SPEED AVE
4 Beds, 2 Baths
Rent To Own
Deer Park
Single Family Home
Louisville, KY 40205
1,477 Sqft | Built in 1934
1338 6TH AVE
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,146 Sqft | Built in 1920
Manhattan Blvd #A
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,421 Sqft
Manhattan Blvd #C
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,484 Sqft
1204 GLENNA DR
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Cincinnati, OH 45238
1,286 Sqft | Built in 1950
10837 BLOOMFIELD RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Springfield, KY 40069
1,948 Sqft
513 CREEKWOOD CT
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Bowling Green, KY 42101
1,455 Sqft | Built in 2006
353 Manhattan Blvd #2B
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,620 Sqft
Manhattan Blvd #G
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,484 Sqft
Manhattan Blvd #J
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,484 Sqft
Manhattan Blvd #L
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,421 Sqft
Manhattan Blvd #M
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,600 Sqft
1719 Holman St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Covington, KY 41011
1,524 Sqft | Built in 1910
1007 FAIRWAY DR
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Georgetown, KY 40324
2,697 Sqft
3209 COLLEGE DR
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Louisville, KY 40299
2,050 Sqft | Built in 1949
1216 LIPPS LN #103
3 Beds, 2 Baths
Rent To Own
Okolona
Townhouse/Condo
Louisville, KY 40219
1,328 Sqft | Built in 1999
353 Manhattan Blvd #1
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,620 Sqft
Manhattan Blvd #F
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,484 Sqft
Manhattan Blvd #I
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,421 Sqft
Manhattan Blvd #E
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,421 Sqft
Manhattan Blvd #H
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,421 Sqft
Manhattan Blvd #K
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,484 Sqft
Manhattan Blvd #N
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,600 Sqft
4179 RIVER RD
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Hebron, KY 41048
2,908 Sqft | Built in 1912
Manhattan Blvd #B
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,484 Sqft
1 of 61 101 KIRK DR
5 Beds, 4.5 Baths
Rent To Own
 
Single Family Home
Nicholasville, KY 40356
5,800 Sqft | Built in 1999
7325 GREENSBURG RD
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Mount Sherman, KY 42764
1,100 Sqft
Manhattan Blvd #D
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dayton, KY 41074
1,421 Sqft
1 of 21 5504 EUCLID AVE
3 Beds, 1 Bath
Rent To Own
Valley Station
Single Family Home
Louisville, KY 40272
1,080 Sqft | Built in 1992
650 S MILL ST #115
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Lexington, KY 40508
1,144 Sqft | Built in 2011
1 of 13 119 TRIGG CT
5 Beds, 3 Baths
Rent To Own
 
Single Family Home
Glasgow, KY 42141
3,207 Sqft
277 VAN VOAST AVE
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Bellevue, KY 41073
1,152 Sqft | Built in 1880
919 SCAFFOLD CANE RD
4 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Berea, KY 40403
1,636 Sqft | Built in 1960
650 S MILL ST #120
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Lexington, KY 40508
1,144 Sqft | Built in 2011
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More Kentucky Property Resources

Rent to own Homes in Cities Near Kentucky

Median Home Price in Kentucky

Median Rent in Kentucky

Rent to own homes offer low monthly payments and flexible terms

Average Cost of Living in Kentucky

Kentucky residents enjoy a cost of living that's 16.4% lower than the United States average. Costs such as groceries, health care, housing, utilities, and transportation are all cheaper in Kentucky than in the rest of the country. Even major cities like Lexington and Louisville are 10.9% and 11.6% lower than the national average. Other municipalities, such as Bardstown and Frankfort, are 17.4% and 20.9% lower than the U.S. average.

Average Home Prices in Kentucky

You'll have an easy time finding an affordable house in Kentucky. The median cost of a home in the state is $146,400, nearly $85,000 lower than the U.S. average of $231,200. You'll pay $185,700 in Lexington and $135,900 in Frankfort, both of which are well below the country's average. Though prices vary by city, Kentucky is an excellent state for people looking for an affordable rent-to-own home.

Kentucky Statistics

If you're interested in Kentucky rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Kentucky statistics compared to the U.S. national average.

Kentucky Averages National Averages
One-Way Commute 23.1 minutes 26.4 minutes
Violent Crime 15.2 22.7
Property Crime 32.4 35.4
Unemployment Rate 5.1% 3.9%
Income Tax Rate 5.8% 4.6%
Air Quality 62 58
Water Quality 64 55
Median Household Income $43,342 $53,482
Median Property Taxes $840 $2,200
Utilities $600/month $112/month
Monthly Rent $740 $1,470
Median Home Cost $146,400 $231,200
Median Home Age 38 years 40 years

Popular Kentucky Cities

People usually associate bourbon with Kentucky. But if you want to get specific, Bardstown is the official bourbon capital of the world. The city's history of distilling the spirit dates back to 1789 when Elijah Craig began making the popular drink for locals. The municipality maintains hundreds of old structures that are still in operation. You can eat, sleep, and grab a few shots of good old bourbon at the Talbott Tavern, established in 1779. Wickland, a mansion built in the 1820s, housed three of Kentucky's governors. Now a museum, the My Old Kentucky Home is part of the Rowan family plantation from the early 1800s.

Frankfort is the capital of Kentucky. It is a small town with only 27,755 residents and encompasses 14.32 square miles. Larger municipalities such as Louisville and Lexington vied to take over as Kentucky's capital, but Frankfort kept the title because of its more central location. The capitol building, built in 1910, is an impressive structure with 70 columns, a dome, and lots of sculptures and murals. The city's primary industries include government, education, health care, social services, manufacturing, and retail trade.

Louisville has 617,638 residents spread over 325 square miles, making it both the largest and most populous city in Kentucky. It is the home of the Kentucky Derby and the Kentucky Derby Festival, but the city is more than just fun and games. Louisville played a major role in Kentucky's history, including serving as a base for the Union during the Civil War. While the city is steeped in history and culture, it is also a regional financial hub with a diverse economy. Located along the Ohio River, Louisville offers its residents a pleasant mix of fun and recreation, jobs, and affordable living.

Popular Amenities and Attractions in Kentucky

Although Kentucky is known for the Kentucky Derby and bourbon, the state has plenty more to offer. The Kentucky Music Hall of Fame and Museum will teach you all about the history of music while showcasing the careers of dozens of successful local musicians. The Muhammed Ali Center preserves the legacy of the great boxer and aims to inspire people to do their best.

Visit the Big Sandy Heritage Center Museum to learn all about Native American and pioneer history in the region, the timber and logging industry in the 1800s, the Civil War, the Coal Rush, and the story of the Hatfields and McCoys. The Hatfield-McCoy Feud Driving Tour guides you through the area of the famous feud between the two families, which lasted more than a decade. You can learn a lot about the era and see where the actual events took place.

Mammoth Cave National Park is home to the largest network of caves in the world. The park has an endless variety of recreational opportunities. Some of the options include over 80 miles of hiking and biking trails, cave tours, horseback riding, canoeing, and kayaking. If you're looking to spend the night in the park, you can stay at the Lodge at Mammoth Cave, where you can choose between modern hotel rooms and historic cottages. Or brave the outdoors at one of the park's 13 backcountry or riverside campsites.

Kentucky Frequently Asked Questions

Kentucky has a walk score of

Kentucky has a bike score of

The state tax rate is 5.0% 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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