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.

Michigan is a great place for affordable rent-to-own homes! With a median household income of over $59,234 and a median rent of $892, the Michigan 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 Michigan. 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 Michigan rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
Hot
13518 POPLAR ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Southgate, MI 48195
660 Sqft | Built in 1949
1442 RILEY CENTER RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Riley, MI 48041
1,853 Sqft | Built in 1991
1584 BEACH DR
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Crystal, MI 48818
1,083 Sqft | Built in 1977
13057 PROSPECT AVE
2 Beds, 1 Bath
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
900 Sqft | Built in 1952
204 W BRENTWOOD ST
3 Beds, 1 Bath
Rent To Own
State Fair-Nolan
Single Family Home
Highland Park, MI 48203
1,056 Sqft | Built in 1951
14050 MANHATTAN ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Oak Park, MI 48237
1,061 Sqft | Built in 1949
13946 S 42ND ST
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Fulton, MI 49052
1,454 Sqft
51319 GEDDES RD
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Canton, MI 48188
823 Sqft | Built in 1937
Rent to own homes offer low monthly payments and flexible terms
8900 E Jefferson Ave APT 718
1 Bed, 1 Bath
Rent To Own
Belle Isle
Single Family Home
Detroit, MI 48214
600 Sqft | Built in 1966
42260 FIVE MILE RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Plymouth, MI 48170
2,414 Sqft | Built in 2014
19326 EDGAR RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Howard City, MI 49329
1,700 Sqft | Built in 1988
1537 MORSE RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Battle Creek, MI 49014
1,928 Sqft | Built in 1970
3680 ALLEN RD
4 Beds, 4 Baths
Rent To Own
 
Single Family Home
Ortonville, MI 48462
4,400 Sqft | Built in 1991
502 ALBANY ST
3 Beds, 1 Bath
Rent To Own
Downtown Ferndale
Single Family Home
Ferndale, MI 48220
1,150 Sqft | Built in 1928
15484 NORTHLAWN ST
3 Beds, 1 Bath
Rent To Own
Harmony Village
Single Family Home
Detroit, MI 48238
1,243 Sqft | Built in 1926
305 MILLER DR
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Albion, MI 49224
864 Sqft | Built in 1953
8685 FORD AVE
3 Beds, 1 Bath
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
1,200 Sqft | Built in 1948
6384 S Scottdale Rd
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Berrien Springs, MI 49103
960 Sqft
4652 ALLORE RD
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Newport, MI 48166
816 Sqft | Built in 1950
930 E CLINTON ST
3 Beds, 3 Baths
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
1,325 Sqft | Built in 2020
940 E CLINTON ST
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
1,250 Sqft | Built in 2020
950 E CLINTON ST
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
1,250 Sqft | Built in 2020
960 E CLINTON ST
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
1,250 Sqft | Built in 2020
970 E CLINTON ST
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
1,250 Sqft | Built in 2020
25404 HANOVER ST
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
1,344 Sqft | Built in 1940
1584 CARLTON ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Muskegon, MI 49442
666 Sqft | Built in 1936
2040 LAMBDEN RD
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Flint, MI 48532
800 Sqft | Built in 1930
920 E CLINTON ST
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
1,250 Sqft | Built in 2020
Hot
1 of 14 525 MALONEY ST
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Oxford, MI 48371
2,519 Sqft | Built in 1977
1281 W Cohoctah Rd
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Cohoctah, MI 48816
1,706 Sqft | Built in 1940
11092 PACKARD AVE
2 Beds, 1 Bath
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
850 Sqft | Built in 1951
1002 MAHAFFEY AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Rochester, MI 48307
1,017 Sqft | Built in 1958
20592 MAPLEWOOD ST
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Riverview, MI 48193
2,472 Sqft | Built in 1974
7274 Lamphere St
2 Beds, 1 Bath
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
748 Sqft | Built in 1949
134 N MILFORD RD
1 Bed, 2 Baths
Rent To Own
Downtown Highland
Single Family Home
Highland, MI 48357
1,808 Sqft | Built in 1885
13258 6 1/2 MILE RD
6 Beds, 3 Baths
Rent To Own
 
Single Family Home
Battle Creek, MI 49014
3,178 Sqft | Built in 1950
1 of 18 100 E NORTON AVE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Muskegon, MI 49444
1,248 Sqft | Built in 1979
41495 JANET CIR
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Clinton Township, MI 48038
1,187 Sqft | Built in 1990
25301 5 MILE RD #130
1 Bed, 1 Bath
Rent To Own
Western View
Single Family Home
Redford, MI 48239
700 Sqft | Built in 1965
Hot
1 of 9 13766 S WEST BAY SHORE DR #206
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49684
924 Sqft | Built in 1994
921 HELENA AVE
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Jackson, MI 49203
960 Sqft | Built in 1963
206 W DELAWARE ST
6 Beds, 5 Baths
Rent To Own
 
Single Family Home
Decatur, MI 49045
2,112 Sqft | Built in 1878
1 of 51 1937 MUER DR
4 Beds, 4.5 Baths
Rent To Own
 
Single Family Home
Troy, MI 48084
4,123 Sqft | Built in 1946
Hot
25304 SHIAWASSEE CIR #106
1 Bed, 1 Bath
Rent To Own
 
Townhouse/Condo
Southfield, MI 48033
620 Sqft | Built in 1967
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More Michigan Property Resources

Rent to own Homes in Cities Near Michigan

Median Home Price in Michigan

Median Rent in Michigan

Rent to own homes offer low monthly payments and flexible terms

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.

Michigan Frequently Asked Questions

Michigan has a walk score of

Michigan has a bike score of

The state tax rate is 4.25% 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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