Rent to Own Homes in Michigan

Michigan is a state that's full of surprises. The Wolverine State is the only state in the country divided into two distinct peninsulas, and it's a place where agriculture, academia, industry, and Motown have found a way to thrive together. It's a manufacturing hub and the corporate headquarters of America's top automobile manufacturers. It's also an outdoor lover's paradise with more than 100 state parks and recreation areas that cover 10 million acres of public land.

Bordering four of the Great Lakes, Michigan has the longest freshwater coastline in the United States and more shoreline than California. This does more than give the state's lower peninsula its iconic mitten-shaped look. It provides a backdrop for an array of outdoor activities, including fishing, boating, and golfing. These are just some of the reasons people are smitten with Michigan and are choosing to call it home.

Check out 296 Michigan rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Photo
Listing Type
Description
Price
Details
1 of 12 3290 Calvert Avenue # 4
Rent To Own
1 Bed, 2 Baths
Detroit, MI 48206
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1 of 18 3290 Calvert Street # 7
Rent To Own
1 Bed, 2 Baths
Detroit, MI 48206
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1 of 31 239 E Orchard Street
Rent To Own
4 Beds, 2 Baths
Rogers City, MI 49779
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13057 Prospect Ave
Rent To Own
2 Beds, 1 Bath
Warren, MI 48089
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1 of 8 625 Vanderpool Dr
Rent To Own
3 Beds, 1.5 Bath
Troy, MI 48083
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1 of 34 350 N Main St #612
Rent To Own
2 Beds, 2 Baths
Royal Oak, MI 48067
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1 of 32 2072 E Summit Ave
Rent To Own
4 Beds, 2 Baths
Muskegon, MI 49444
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New
1 of 20 544 Anne Avenue # 26
Rent To Own
2 Beds, 2.5 Baths
Brighton, MI 48116
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New
1 of 60 10414 Stoney Point Dr
Rent To Own
4 Beds, 3.5 Baths
South Lyon, MI 48178
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2040 Lambden Rd
Rent To Own
3 Beds, 1 Bath
Flint, MI 48532
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7274 Lamphere St
Rent To Own
2 Beds, 1 Bath
Detroit,, MI 48239
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134 N Milford Rd
Rent To Own
3 Beds, 2 Baths
Highland, MI 48357
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Hot
1 of 14 525 Maloney St
Rent To Own
3 Beds, 3 Baths
Oxford, MI 48371
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1442 Riley Center Rd
Rent To Own
3 Beds, 1.5 Bath
Riley, MI 48041
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1517 Clinton Ave
Rent To Own
2 Beds, 1 Bath
Kalamazoo, MI 49001
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76 Bradford St
Rent To Own
2 Beds, 1 Bath
Battle Creek, MI 49014
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305 Miller Dr
Rent To Own
3 Beds, 1 Bath
Albion, MI 49224
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25404 Hanover St
Rent To Own
3 Beds, 2 Baths
Dearborn Heights, MI 48125
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6384 S Scottdale Rd
Rent To Own
2 Beds, 2 Baths
Berrien Springs,, MI 49103
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4652 Allore Rd
Rent To Own
3 Beds, 1 Bath
Newport, MI 48166
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Hot
1281 W Cohoctah Rd
Rent To Own
2 Beds, 1 Bath
Cohoctah,, MI 48816
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1002 Mahaffey Ave
Rent To Own
3 Beds, 1.5 Bath
Rochester, MI 48307
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8900 E Jefferson Ave Apt 718
Rent To Own
1 Bed, 1 Bath
Detroit, MI 48214
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1 of 18 18338 Bittersweet
Rent To Own
4 Beds, 2 Baths
Fraser, MI 48026
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1 of 38 N17601 Co Rd E H58
Rent To Own
2 Beds, 1 Bath
Grand Marais, MI 49839
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11893 Dublin Dr
Rent To Own
2 Beds, 1.5 Bath
Jerome, MI 49249
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Hot
25304 Shiawassee Cir Apt 106
Rent To Own
1 Bed, 1 Bath
Southfield, MI 48033
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1 of 38 11522 Sara Ann Dr
Rent To Own
4 Beds, 3.5 Baths
Dewitt, MI 48820
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1 of 27 15414 Frederick Dr
Rent To Own
4 Beds, 1.5 Bath
Clinton Township, MI 48038
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1 of 26 702 High St
Rent To Own
3 Beds, 1.5 Bath
Charlotte, MI 48813
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1 of 60 7756 Twin Lake Road, NE
Rent To Own
5 Beds, 2.5 Baths
Mancelona, MI 49659
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1 of 6 1268 Pinecrest Dr
Rent To Own
3 Beds, 1.5 Bath
White Lake, MI 48386
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1 of 18 23263 Linne St
Rent To Own
3 Beds, 2.5 Baths
Clinton Township, MI 48035
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1 of 35 3646 Running Brook Dr SE
Rent To Own
3 Beds, 3.5 Baths
Kentwood, MI 49512
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1 of 28 710 Twin Lakes Dr NE
Rent To Own
3 Beds, 1.5 Bath
Grand Rapids, MI 49525
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1 of 10 9077231058
Rent To Own
3 Beds, 2 Baths
Negaunee, MI 49866
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Hot
1 of 27 E7306 W. State Highway M-28
Rent To Own
4 Beds, 1 Bath
Christmas, MI 49862
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1 of 26 6424 12th Ave
Rent To Own
4 Beds, 1.5 Bath
Jenison, MI 49428
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1 of 18 1007 E 2nd St
Rent To Own
2 Beds, 2 Baths
Royal Oak, MI 48067
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1 of 21 339 N Ridgeway Dr
Rent To Own
4 Beds, 1 Bath
Battle Creek, MI 49015
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1 of 13 1164 Maplewood Dr
Rent To Own
3 Beds, 1 Bath
Jenison, MI 49428
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1 of 25 3825 State Hwy 67
Rent To Own
3 Beds, 2 Baths
Chatham, MI 49816
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1 of 17 4299 N Autumn Ridge Ct
Rent To Own
4 Beds, 3.5 Baths
Saginaw, MI 48603
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Hot
1 of 6 122 W Morrell St
Rent To Own
4 Beds, 2 Baths
Jackson, MI 49203
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Average Cost of Living in Michigan

Overall, the cost of living in Michigan is lower than the rest of the country. However, this isn't true in specific areas, like Lansing, Kalamazoo, Saginaw, and Grand Rapids, where the cost of living can be as much as 12% higher than the national average. Food and transportation costs remain close to national averages. And, despite unpredictable weather, energy costs tend to be lower than other states in the region, due in part to the way breezes from the Great Lakes affect the climate.

Average Home Prices in Michigan

The median home value in Michigan is just over $173,000, making it super affordable compared to other parts of the country. It's important to note that home prices vary greatly across the state, though. In Detroit, for example, the median home price is slightly more than $35,000. The median home price in Ann Arbor is over $392,000. In highly competitive markets, rent to own homes in Michigan are an excellent option.

Michigan Statistics

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

Michigan AveragesNational Averages
One-Way Commute24.3 minutes26.4 minutes
Violent Crime25.322.7
Property Crime28.135.4
Unemployment Rate5.1%3.6%
Income Tax Rate4.3%4.6%
Air Quality7158
Water Quality4755
Median Household Income$49,087$53,482
Median Property Taxes$1,209$2,200
Utilities$97/month$112/month
Monthly Rent$915$1,470
Median Home Cost$151,400$231,200
Median Home Age44 years40 years

Popular Michigan Cities

The physical division of the upper and lower peninsulas reflects the diversity of the state. Whether you're looking for the seclusion of the wilderness, the action of a city, or the charm of a suburb, you can find the right neighborhood for yourself in Michigan's most popular cities.

  1. Ann Arbor. Located in southeastern Michigan, Ann Arbor consistently ranks as one of the top cities in the state. The University of Michigan attracts a diverse group of people to the city and supports a vibrant entertainment scene as well as businesses.
  2. Detroit. Living in Detroit gives you access to the amenities of a big city without the hefty price tag. You'll find here diverse neighborhoods, a thriving arts and entertainment scene, and interesting activities for the whole family.
  3. Grand Rapids. It may be the second-largest metro area in Michigan, but Grand Rapids still has a distinctive small-town charm. This western Michigan city caters to its population of young professionals and families with an impressive craft beer scene, pedestrian-friendly streets, and public museums.
  4. Kalamazoo. Education takes center stage in Kalamazoo. Students who graduate from a local public school enjoy free tuition at the city's universities, such as Western Michigan University. The Kalamazoo Promise is just one feature that makes the city a great place for families.
  5. Marquette. The largest city in the upper peninsula, Marquette is a friendly place that feels cozy even in the depths of winter. Warm fire pits, miles of walking paths, and spectacular sunsets over Lake Superior draw residents outdoors year-round.
  6. Traverse City. One of Michigan's top vacation spots, Traverse City, has miles of beaches along Lake Michigan, and the National Cherry Festival is hosted there each year. This family-friendly city has an impressive foodie scene and popular film festivals that keep residents and visitors entertained.

Popular Attractions in Michigan

It's impossible to ignore the stunning natural beauty of Michigan, and that's one reason why the most popular spots in the state are in the great outdoors.

  1. People flock to sites like Sleeping Bear Dunes and Painted Rocks National Lakeshore where they camp in the woods, play in the water and hike along trails with picturesque views of the water.
  2. You can also spend time in places like Mackinac Island or Isle Royale National Park.
  3. Climb the natural dome at the center of Stone Mountain State Park.
  4. Check out the impressive museums dedicated to the arts. Detroit Institute of Arts boasts one of the most diverse permanent collections of art in the country, guaranteeing an interesting exhibit every time you visit.
  5. Immerse yourself in the story of Motown Record Company at the Motown Museum and see the studio where some of the country's most beloved bands recorded their music.
  6. Witness Grand Rapids' open exhibit ArtPrize featuring work displayed all over the downtown area.
  7. Explore the Henry Ford Museum-called Greenfield Village-where you can see Thomas Edison's lab, ride in a Model T Ford, and learn about innovations in farming and industry.
  8. Walk through Michilimackinac, an 18th-century fort that tells the story of colonial America on Mackinac Island. You'll leave with a new understanding of why so many people continue to choose Michigan as their home.

With its diverse cities, landscapes, outdoors escapes, public universities, and revitalized economy, there are plenty of reasons to consider Michigan.

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