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 440
New
4815 LUCAS LN
Rent To Own
 
Single Family Home
New Albany, IN 47150
3
3
1844 ft2
2020
223 SAGE RD
Rent To Own
Beechwood Village
Single Family Home
Louisville, KY 40207
4
1
1250 ft2
1948
14001 CYPRESS GLEN DR
Rent To Own
 
Townhouse/Condo
Louisville, KY 40245
4
4
3383 ft2
2010
Hot
6711 CURRINGTON CIR
Rent To Own
Pleasure Ridge Park
Single Family Home
Louisville, KY 40258
3
2
1150 ft2
2000
3209 COLLEGE DR
Rent To Own
 
Single Family Home
Louisville, KY 40299
2
1
2050 ft2
1949
222 E WITHERSPOON ST #702
Rent To Own
Central Business District
Townhouse/Condo
Louisville, KY 40202
2
2
1393 ft2
2004
3714 TEN BROECK WAY
Rent To Own
 
Single Family Home
Louisville, KY 40241
4
3
3187 ft2
1963
Hot
1 of 21 5504 EUCLID AVE
Rent To Own
Valley Station
Single Family Home
Louisville, KY 40272
3
1
1080 ft2
1992
5303 PENDLETON RD
Rent To Own
 
Single Family Home
Louisville, KY 40272
3
1
1546 ft2
1978
323 EVERGREEN RD
Rent To Own
 
Single Family Home
Louisville, KY 40243
4
3
2200 ft2
1926
731 N 33RD ST
Rent To Own
 
Single Family Home
Louisville, KY 40212
2
2
1300 ft2
1913
653 S BARBEE WAY
Rent To Own
Merriwether
Single Family Home
Louisville, KY 40217
3
1
2108 ft2
1930
1545 GREENBRIAR RD
Rent To Own
 
Single Family Home
Mount Washington, KY 40047
3
2
1716 ft2
1982
Hot
1027 NAVAHO PL
Rent To Own
Beechmont
Single Family Home
Louisville, KY 40215
4
2
1600 ft2
1949
1622 STATE ST
Rent To Own
 
Single Family Home
New Albany, IN 47150
3
1
1651 ft2
1929
10837 BLOOMFIELD RD
Rent To Own
 
Single Family Home
Springfield, KY 40069
3
2
1948 ft2
Hot
1 of 17 5401 ANATAHAN CT
Rent To Own
Valley Station
Single Family Home
Louisville, KY 40272
3
2
1050 ft2
1972
1622 BERRY BLVD
Rent To Own
Jacobs
Single Family Home
Louisville, KY 40215
2
1
588 ft2
1923
1306 WEYLER AVE
Rent To Own
Taylor Berry
Single Family Home
Louisville, KY 40215
3
2
1145 ft2
1943
1109 SALE AVE
Rent To Own
Wyandotte
Single Family Home
Louisville, KY 40215
2
1
832 ft2
1925
1 of 17 2609 ROYSTER WAY
Rent To Own
Pleasure Ridge Park
Single Family Home
Louisville, KY 40258
3
2
2700 ft2
1966
539 BRENTWOOD AVE
Rent To Own
Wyandotte
Single Family Home
Louisville, KY 40215
3
1
1198 ft2
1947
4101 NICHOLAS ROY CT
Rent To Own
 
Townhouse/Condo
Prospect, KY 40059
3
3
2400 ft2
2007
1907 CHARBDIN PL
Rent To Own
Riverwood
Single Family Home
Louisville, KY 40207
5
3
3186 ft2
1981
1 of 30 4116 Stoneview Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Louisville, KY 40207
2
1
751 ft2
1 of 46 313 CLOVER LN
Rent To Own
 
Single Family Home
Louisville, KY 40207
2
2
1115 ft2
1941
New
4711 GREENWOOD RD
Rent To Own
Pleasure Ridge Park
Single Family Home
Louisville, KY 40258
3
1
1025 ft2
1962
Hot
1 of 8 6708 FERNBUSH DR
Rent To Own
Highview
Single Family Home
Louisville, KY 40228
3
2
1533 ft2
1972
806 W ASHLAND AVE
Rent To Own
Beechmont
Single Family Home
Louisville, KY 40215
3
1
1233 ft2
1925
1048 SEELBACH AVE
Rent To Own
Beechmont
Single Family Home
Louisville, KY 40215
3
1
865 ft2
1949
6538 HUNTERS CHASE LN
Rent To Own
 
Single Family Home
Louisville, KY 40258
3
2
1229 ft2
2003
Hot
1 of 5 5806 ROCKY MOUNTAIN DR
Rent To Own
Highview
Single Family Home
Louisville, KY 40219
4
2
2000 ft2
1963
3117 Greenwood Ave
Rent To Own
Parkland
Single Family Home
Louisville, KY 04021
4
2
1277 ft2
1910
Hot
1 of 46 11882 TROTTINGHAM CIR
Rent To Own
 
Single Family Home
Louisville, KY 40299
4
3
2606 ft2
2018
9403 ALEX CT
Rent To Own
 
Single Family Home
Louisville, KY 40299
4
3
2220 ft2
2002
1 of 23 3302 BANK ST
Rent To Own
Portland
Single Family Home
Louisville, KY 40212
3
2
1452 ft2
1905
2695 CHARLESTOWN RD
Rent To Own
 
Single Family Home
New Albany, IN 47150
2
1
850 ft2
1953
1 of 5 3616 W MARKET ST
Rent To Own
Shawnee
Single Family Home
Louisville, KY 40212
4
2
2178 ft2
1913
Hot
1 of 24 5200 SPRUCEWOOD DR
Rent To Own
Fern Creek
Single Family Home
Louisville, KY 40291
5
2
1316 ft2
1973
2028 LANCASHIRE AVE
Rent To Own
Gardiner Lane
Single Family Home
Louisville, KY 40205
2
2
1200 ft2
1950
1 of 45 11716 WICKER CT
Rent To Own
 
Single Family Home
Louisville, KY 40299
3
3
2100 ft2
1993
Hot
1 of 21 8906 WILLOWCREEK DR
Rent To Own
Okolona
Single Family Home
Louisville, KY 40219
3
1
1025 ft2
1973
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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 2024 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 2024 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.