Rent to Own Homes in Louisville, KY

The home of Muhammad Ali became a town during the American Revolutionary War. It was named in honor of King Louis XVI of France because the French were helping the United States' soldiers fight the British. The Falls of Ohio prevented travel further down the Ohio River, prompting many travelers to settle in Louisville. The completion of the Louisville and Portland Canal in 1830 created a waterway for boats to circumvent the falls, but by then, Louisville was already the largest municipality in the state. The canal enabled trade to a larger portion of the country, and the city began to emerge as a manufacturing and shipping center. The Louisville and Nashville Railroad Company came into existence in 1850 and created routes that enhanced the city's trade capabilities by land. Louisville was conveniently located within a relatively close range of much of the developed part of the U.S., enabling the city to further establish its prominence in manufacturing and shipping.

Manufacturing and shipping are still prominent industries in Louisville. In fact, it was ranked as the number one city for manufacturing by Forbes Magazine as recently as 2017. Louisville maintains strategic partnerships with the Kentucky Manufacturing Career Center and the Kentucky Federation of Advanced Manufacturing Education to ensure the availability of employees and the future of the industry. But times have changed, and so has the city. Although the United Parcel Service, a shipping company, is the largest employer in Louisville with 23,533 employees, its economy has seen much success in health care, business services, food and beverage, and tourism.

Louisville, KY is a great place for affordable rent-to-own homes! With a median household income of over $54,929 and a median rent of $878, the Louisville, KY 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 Louisville, KY. 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 Louisville, KY rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
1216 Lipps Ln Unit 103
3 Beds, 1 Bath
Rent To Own
Okolona
Townhouse/Condo
Louisville, KY 40219
1,302 Sqft | Built in 1999
14001 Cypress Glen Dr
4 Beds, 9 Baths
Rent To Own
 
Townhouse/Condo
Louisville, KY 40245
6,305 Sqft | Built in 2012
Hot
6711 Currington Cir
3 Beds, 2 Baths
Rent To Own
Pleasure Ridge Park
Single Family Home
Louisville, KY 40258
1,146 Sqft | Built in 2000
1 of 25 1622 State St
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
New Albany, IN 47150
1,490 Sqft | Built in 1929
222 E Witherspoon St Unit 702
2 Beds, 1 Bath
Rent To Own
Central Business District
Townhouse/Condo
Louisville, KY 40202
1,393 Sqft | Built in 2004
5303 Pendleton Rd
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Louisville, KY 40272
1,546 Sqft | Built in 1966
Hot
10837 Bloomfield Rd
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Springfield, KY 40069
1,986 Sqft
1 of 20 104 Meadow Dr
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Sellersburg, IN 47172
2,379 Sqft | Built in 1999
Rent to own homes offer low monthly payments and flexible terms
Hot
912 Watt St
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Jeffersonville, IN 47130
1,080 Sqft | Built in 1926
1 of 47 2606 Coopers Ln
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Sellersburg, IN 47172
2,118 Sqft | Built in 1950
1 of 54 1314 Morgan Ave
1 Bed, 2.5 Baths
Rent To Own
Prestonia
Single Family Home
Louisville, KY 40213
2,070 Sqft | Built in 1926
1 of 88 3015 Lake Vista Dr E
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Jeffersonville, IN 47130
3,021 Sqft | Built in 2017
1 of 57 3509 River Bluff Rd
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Prospect, KY 40059
2,404 Sqft | Built in 1992
1 of 29 5529 Raintree Ridge
4 Beds, 3 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Jeffersonville, IN 47130
2,063 Sqft | Built in 2004
Hot
1 of 11 203 Altra Dr
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Clarksville, IN 47129
1,994 Sqft | Built in 1964
Hot
1 of 27 6012 Deer Trace Way
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Georgetown, IN 47122
1,664 Sqft | Built in 2017
1 of 10 1050 Spicewood Plaza
3 Beds, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Clarksville, IN 47129
925 Sqft | Built in 1965
1 of 33 113 Meadow Dr
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Sellersburg, IN 47172
1,576 Sqft | Built in 2008
1 of 11 3107 White Blossom Cir
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
New Albany, IN 47150
1,567 Sqft | Built in 2000
1 of 24 1153 Crystal Ave
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
New Albany, IN 47150
1,072 Sqft | Built in 1929
2695 Charlestown Rd
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
New Albany, IN 47150
770 Sqft | Built in 1953
7901 Hollowview Dr
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Sellersburg, IN 47172
1,892 Sqft | Built in 2004
6425 Cottagemeadow Dr
4 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Louisville, KY 40218
1,788 Sqft | Built in 2003
1 of 24 118 Casa Bella Court
2 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Louisville, KY 40220
975 Sqft | Built in 1971
1 of 46 313 Clover Ln
1 Bed, 1 Bath
Rent To Own
 
Single Family Home
Louisville, KY 40207
744 Sqft | Built in 1941
1 of 30 4116 Stoneview Drive
2 Beds, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Louisville, KY 40207
751 Sqft
1 of 15 4500 Dogwood Forest Pl
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Louisville, KY 40245
1,570 Sqft | Built in 2000
Hot
1 of 30 6202 Park Rd
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Crestwood, KY 40014
1,807 Sqft | Built in 1974
509 Gablewood Cir
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Louisville, KY 40245
2,453 Sqft | Built in 2005
1 of 5 2303 Claymore Circle, Louisville, Ky
4 Beds, 2.5 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Louisville, KY 40245
3,100 Sqft | Built in 2002
1 of 23 3302 Bank St
1 Bed, 1.5 Bath
Rent To Own
Portland
Single Family Home
Louisville, KY 40212
1,335 Sqft | Built in 1905
New
3117 Greenwood Ave
4 Beds, 2 Baths
Rent To Own
Parkland
Single Family Home
Louisville, ME 4021
1,277 Sqft | Built in 1910
1 of 46 5100 U.s. 42, Unit 323
2 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Louisville, KY 40241
1,800 Sqft | Built in 1950
Hot
1 of 4 10526 Monticello Forest Cir
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Louisville, KY 40299
1,226 Sqft
1 of 3 3004 Indian Lake Dr
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Louisville, KY 40241
2,161 Sqft | Built in 1995
1 of 62 5811 Waveland Cir
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Prospect, KY 40059
1,555 Sqft | Built in 2001
134 Jesse Ct
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Fisherville, KY 40023
1,822 Sqft | Built in 2005
1 of 75 100 Stone Creek Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Fisherville, KY 40023
1,680 Sqft | Built in 1999
356 Kahl Ct
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Sellersburg, IN 47172
1,080 Sqft | Built in 1976
1 of 20 6412 Night Sky Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Charlestown, IN 47111
1,436 Sqft | Built in 2004
1 of 27 1007 Dark Star Way
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Goshen, KY 40026
2,486 Sqft | Built in 1994
Hot
1 of 25 2000 Manning Pl
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Lagrange, KY 40031
2,376 Sqft | Built in 2001
1 of 18 3008 W Oak Ct
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Lanesville, IN 47136
1,604 Sqft | Built in 2005
8854 Lake Point Dr
4 Beds, 4 Baths
Rent To Own
 
Single Family Home
Georgetown, IN 47122
2,908 Sqft | Built in 2003
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Rent to Own Homes in Cities Near Louisville, KY

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Buying a Home in Louisville, KY

Louisville, KY is seeing rapid growth and Louisville, KY's' housing market remains optimal with an average home price that is -24% below the 2022 national average. Louisville, KY is part of Jefferson 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 Jefferson is 0.9% which is below the national average, which is 0.99%.

Median Home Price in Louisville, KY

Median Rent in Louisville, KY

Rent to own homes offer low monthly payments and flexible terms

Average Cost of Living in Louisville

The overall cost of living in Louisville is 4.8% higher than Kentucky's average but 11.6% lower than the U.S. average. Groceries, health, housing, and utilities are all cheaper than in other parts of the country. Crestwood and Goshen adjoin the city, and both are upwards of 20% higher than Louisville, while Brooks is 1.2% lower. Louisville is on the low end as far as the cost of living for the area.

Average Home Prices in Louisville

The median cost of a house in Kentucky is $146,400, well below the U.S. average of $231,200. At $160,800, Louisville homes are $14,400 more expensive than the state average and more than $70,000 cheaper than the national average. While an average house in Brooks costs $140,400, real estate in the area is generally more expensive. Crestwood's median price is $303,900, and you'll pay $288,100 in Goshen. Louisville is an excellent place to buy a rent-to-own home. Despite being the largest municipality in the state and its economic advantage, it has a more affordable real estate market than most of its surrounding towns.

Louisville Statistics

If you're interested in Louisville 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 Louisville statistics compared to the U.S. national average.

Louisville Averages National Averages
One-Way Commute 22.4 minutes 26.4 minutes
Violent Crime 46.2 22.7
Property Crime 87.2 35.4
Unemployment Rate 5.0% 3.9%
Income Tax Rate 8.0% 4.6%
Air Quality 51 58
Water Quality 13 55
Median Household Income $44,806 $53,482
Median Property Taxes $1,500 $2,200
Utilities $140/month $112/month
Monthly Rent $800 $1,470
Median Home Cost $160,800 $231,200
Median Home Age 49 years 40 years

Popular Amenities and Attractions in Louisville

Louisville is known as the Derby City because it hosts the Kentucky Derby annually at the Churchill Downs Racetrack. At the Kentucky Derby Museum, you can watch the horses train, tour the track, view a host of exhibits to learn about the race's history, and enjoy lunch at the Derby Café express. For action and excitement, join the Kentucky Derby Festival. The event takes place during the two weeks preceding the race and includes concerts, fireworks, sports, and games for the entire family.

If you've heard of Louisville, you've likely also heard of the Louisville Slugger. Visit the Louisville Slugger Museum and Factory to learn about the company's history and the evolution of the baseball bat. The Kentucky Kingdom and Hurricane Bay is a combination of an amusement park with rides for children and adults, a waterpark for people of all ages, and King Louie's Playland for younger children. The Louisville Zoo encompasses 130 acres with more than 1,100 animals from around the world. Enjoy its many exhibits, but leave some time to relax in the stunning on-site botanical gardens. The Kentucky Bourbon Trail neatly displays the state's deep roots in the bourbon industry. Although it extends well beyond the city, you can enjoy live music, shops, events, and exhibits at its Louisville locations.

Over 25 million people visited the city in 2018 to see friends and family, for business, or to enjoy its many attractions. But Louisville is also an excellent place to call home. Its 617,638 residents enjoy a thriving economy, affordable housing, and a low cost of living. You can take advantage of these benefits as well by buying a rent-to-own home in Louisville.

Louisville, KY Frequently Asked Questions

Louisville, KY has a walk score of

Louisville, KY 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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