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 Michigan rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
Hot
424 E MARGARET ST
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Single Family Home
Iron Mountain, MI 49801
3
2
1200 ft2
1890
1 of 34 590 N Washington Avenue
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Rent To Own
North Central Battle Creek
Single Family Home
Battle Creek, MI 49037
3
1
1620 ft2
2000
944 CLINTON ST
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Rent To Own
South Side
Single Family Home
Flint, MI 48507
2
1
768 ft2
1927
1 of 29 4388 12th Street
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Single Family Home
Moline, MI 49335
3
2
1356 ft2
1924
710 E 12 MILE RD
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Single Family Home
Royal Oak, MI 48073
3
1
924 ft2
1946
Hot
1 of 26 2100 REYNOLDS ST
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Rent To Own
Muskegon Heights
Single Family Home
Muskegon, MI 49444
3
1
1298 ft2
1925
2022 HAZEL ST
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Townhouse/Condo
Birmingham, MI 48009
3
4
4049 ft2
2005
6544 HAMPTON ST
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Single Family Home
Portage, MI 49024
5
3
2792 ft2
1966
1 of 37 10117 OGEMAW CT
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Single Family Home
Pinckney, MI 48169
3
1
1660 ft2
1950
New
1 of 28 1860 WALNUT ST
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Rent To Own
Beachwood-Bluffton
Single Family Home
Muskegon, MI 49441
3
2
1400 ft2
1911
Hot
305 MILLER DR
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Single Family Home
Albion, MI 49224
3
1
864 ft2
1953
6384 S Scottdale Rd
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Single Family Home
Berrien Springs, MI 49103
2
2
960 ft2
1002 MAHAFFEY AVE
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Single Family Home
Rochester, MI 48307
3
2
1017 ft2
1958
1281 W Cohoctah Rd
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Single Family Home
Cohoctah, MI 48816
2
1
1706 ft2
1940
134 N MILFORD RD
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Downtown Highland
Single Family Home
Highland, MI 48357
1
2
1808 ft2
1885
13057 PROSPECT AVE
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Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
900 ft2
1952
204 W BRENTWOOD ST
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Rent To Own
State Fair-Nolan
Single Family Home
Highland Park, MI 48203
3
1
1056 ft2
1951
Hot
19326 EDGAR RD
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Single Family Home
Howard City, MI 49329
4
3
1700 ft2
1988
Hot
1517 CLINTON AVE
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Edison
Single Family Home
Kalamazoo, MI 49001
2
1
1100 ft2
1913
76 BRADFORD ST
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Single Family Home
Battle Creek, MI 49014
3
1
1072 ft2
1946
14050 MANHATTAN ST
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Single Family Home
Oak Park, MI 48237
3
2
1061 ft2
1949
5931 WAYBURN ST
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Rent To Own
Finney
Single Family Home
Detroit, MI 48224
4
2
1968 ft2
1929
7274 Lamphere St
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Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
2
1
748 ft2
1949
14937 STRATHMOOR ST
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Rent To Own
Grandmont
Single Family Home
Detroit, MI 48227
3
2
1359 ft2
1926
619 E 8TH ST #1
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Rent To Own
 
Townhouse/Condo
Traverse City, MI 49686
2
1
772 ft2
2016
20 WENDELL ST
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Rent To Own
Northeast Battle Creek
Single Family Home
Battle Creek, MI 49017
4
2
1704 ft2
1900
619 E 8TH ST #5
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Townhouse/Condo
Traverse City, MI 49686
1
1
444 ft2
2016
1 of 2 10802 M-140
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Single Family Home
South Haven, MI 49090
4
3
2226 ft2
1880
151 HELEN ST
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Single Family Home
Montrose, MI 48457
3
2
1848 ft2
1963
24132 SAINT MARY CT
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Single Family Home
Farmington, MI 48336
4
3
2224 ft2
1959
38243 JONATHAN ST
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Single Family Home
Clinton Township, MI 48036
3
3
2646 ft2
1964
784 Eagle Drive # 20
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Rent To Own
Fenton
Single Family Home
Fenton, MI 48430
3
2
1619 ft2
2001
747 VERMILYA AVE
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Rent To Own
Franklin Homestead
Single Family Home
Flint, MI 48507
3
1
874 ft2
1928
Hot
1 of 3 619 E 8TH ST
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Multifamily (5+ Units)
Traverse City, MI 49686
1
1
444 ft2
2016
200 N 10TH ST
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Single Family Home
Escanaba, MI 49829
5
2
2085 ft2
1900
1 of 4 2037 11TH ST
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Rent To Own
Downtown
Townhouse/Condo
Detroit, MI 48216
2
3
2030 ft2
2023
24420 CHICAGO ST
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Rent To Own
Westwood
Single Family Home
Dearborn, MI 48124
3
1
1071 ft2
1943
5485 Detroit Street
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Rent To Own
 
Multifamily (2 - 4 Units)
Mount Morris, MI 48505
5
4
2536 ft2
1954
New
1335 SOUTH BLVD W
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Rent To Own
 
Single Family Home
Troy, MI 48098
3
1
1680 ft2
1935
New
1 of 45 16 WOOD ST S
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Rent To Own
North Central Battle Creek
Single Family Home
Battle Creek, MI 49037
3
1
1064 ft2
1900
1375 RED BARN DR
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Single Family Home
Oxford, MI 48371
3
1
2028 ft2
1966
1415 NOTTINGHAM RD
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Rent To Own
Grosse Pointe Park
Single Family Home
Grosse Pointe Park, MI 48230
4
2
1850 ft2
1924
1584 CARLTON ST
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Single Family Home
Muskegon, MI 49442
2
1
666 ft2
1936
15896 HARTWELL ST
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Rent To Own
Harmony Village
Single Family Home
Detroit, MI 48227
5
2
1711 ft2
1929
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Rent to own Homes in Cities Near Michigan

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.