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 Louisville, KY rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
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
223 SAGE RD
4 Beds, 1 Bath
Rent To Own
Beechwood Village
Single Family Home
Louisville, KY 40207
1,250 Sqft | Built in 1948
14001 CYPRESS GLEN DR
4 Beds, 4 Baths
Rent To Own
 
Townhouse/Condo
Louisville, KY 40245
3,383 Sqft | Built in 2012
Hot
6711 CURRINGTON CIR
3 Beds, 2 Baths
Rent To Own
Pleasure Ridge Park
Single Family Home
Louisville, KY 40258
1,150 Sqft | Built in 2000
1216 LIPPS LN #103
3 Beds, 2 Baths
Rent To Own
Okolona
Townhouse/Condo
Louisville, KY 40219
1,328 Sqft | Built in 1999
3209 COLLEGE DR
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Louisville, KY 40299
2,050 Sqft | Built in 1949
222 E WITHERSPOON ST #702
2 Beds, 2 Baths
Rent To Own
Central Business District
Townhouse/Condo
Louisville, KY 40202
1,393 Sqft | Built in 2004
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.
1545 GREENBRIAR RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Mount Washington, KY 40047
1,716 Sqft | Built in 1982
1622 STATE ST
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
New Albany, IN 47150
1,651 Sqft | Built in 1929
5303 PENDLETON RD
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Louisville, KY 40272
1,546 Sqft | Built in 1966
1621 SPEED AVE
4 Beds, 2 Baths
Rent To Own
Deer Park
Single Family Home
Louisville, KY 40205
1,477 Sqft | Built in 1934
323 EVERGREEN RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Louisville, KY 40243
2,200 Sqft | Built in 1926
731 N 33RD ST
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Louisville, KY 40212
1,300 Sqft | Built in 1913
653 S BARBEE WAY
3 Beds, 1 Bath
Rent To Own
Merriwether
Single Family Home
Louisville, KY 40217
2,108 Sqft | Built in 1930
10837 BLOOMFIELD RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Springfield, KY 40069
1,948 Sqft
1966 DEER PARK AVE
6 Beds, 5 Baths
Rent To Own
Deer Park
Single Family Home
Louisville, KY 40205
4,037 Sqft | Built in 1900
1153 CRYSTAL AVE
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
New Albany, IN 47150
1,072 Sqft | Built in 1929
213 VIRGINIA CT
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
New Albany, IN 47150
730 Sqft | Built in 1950
1 of 10 8309 RUSTOAK LN
3 Beds, 1.5 Bath
Rent To Own
Okolona
Single Family Home
Louisville, KY 40219
1,025 Sqft | Built in 1964
1 of 21 8906 WILLOWCREEK DR
3 Beds, 1 Bath
Rent To Own
Okolona
Single Family Home
Louisville, KY 40219
1,025 Sqft | Built in 1973
1 of 12 7503 SHEPHERDSVILLE RD
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Louisville, KY 40219
1,075 Sqft | Built in 1960
1 of 8 6708 FERNBUSH DR
3 Beds, 2 Baths
Rent To Own
Highview
Single Family Home
Louisville, KY 40228
1,533 Sqft | Built in 1972
1 of 5 5806 ROCKY MOUNTAIN DR
4 Beds, 2 Baths
Rent To Own
Highview
Single Family Home
Louisville, KY 40219
2,000 Sqft | Built in 1963
6425 COTTAGEMEADOW DR
3 Beds, 3 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 17 3306 ALLISON WAY
3 Beds, 2 Baths
Rent To Own
Bon Air
Single Family Home
Louisville, KY 40220
1,305 Sqft | Built in 1956
1 of 24 3045 RADIANCE RD
3 Beds, 1 Bath
Rent To Own
Bon Air
Single Family Home
Louisville, KY 40220
1,254 Sqft | Built in 1954
1 of 46 313 CLOVER LN
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Louisville, KY 40207
1,115 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 30 305 CHIEFTAIN DR
3 Beds, 1.5 Bath
Rent To Own
Fairdale
Single Family Home
Fairdale, KY 40118
1,134 Sqft | Built in 1959
104 CHILLICOOP RD
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Shepherdsville, KY 40165
1,058 Sqft | Built in 1999
1 of 15 4500 DOGWOOD FOREST PL
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Louisville, KY 40245
3,128 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
2,084 Sqft | Built in 1974
509 GABLEWOOD CIR
3 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 4 302 LANAI CT
3 Beds, 3 Baths
Rent To Own
 
Townhouse/Condo
Louisville, KY 40245
2,286 Sqft | Built in 2003
1 of 22 7501 JONES TRCE
5 Beds, 4 Baths
Rent To Own
 
Single Family Home
Crestwood, KY 40014
3,361 Sqft | Built in 2005
1 of 17 2609 ROYSTER WAY
3 Beds, 2 Baths
Rent To Own
Pleasure Ridge Park
Single Family Home
Louisville, KY 40258
2,700 Sqft | Built in 1966
6538 HUNTERS CHASE LN
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Louisville, KY 40258
1,229 Sqft | Built in 2003
1 of 17 5401 ANATAHAN CT
3 Beds, 1.5 Bath
Rent To Own
Valley Station
Single Family Home
Louisville, KY 40272
1,050 Sqft | Built in 1972
1 of 11 6300 KENYON DR
3 Beds, 1 Bath
Rent To Own
Valley Station
Single Family Home
Louisville, KY 40272
1,215 Sqft | Built in 1967
New
7112 NATHAN HALE WAY
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Louisville, KY 40272
1,230 Sqft | Built in 1955
1 of 23 3302 BANK ST
3 Beds, 2 Baths
Rent To Own
Portland
Single Family Home
Louisville, KY 40212
1,452 Sqft | Built in 1905
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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 -100% 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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