Rent to Own Homes in Ann Arbor, MI

Recognized as the sixth largest city in Michigan, Ann Arbor is a delightful city tucked 45 miles west of Detroit. The city is home to a population of over 344,000 and offers a vibrant cultural experience. If you're considering a visit to the city, the following are a few things that may help you plan better.

Ann Arbor, MI is a great place for affordable rent-to-own homes! With a median household income of over $69,456 and a median rent of $1,299, the Ann Arbor, MI 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 Ann Arbor, MI. 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 Ann Arbor, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
New
1 of 60 10414 Stoney Point Dr
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
South Lyon, MI 48178
3,332 Sqft | Built in 2016
New
1 of 20 544 Anne Avenue # 26
2 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Brighton, MI 48116
1,500 Sqft | Built in 2022
134 N Milford Rd
3 Beds, 2 Baths
Rent To Own
Downtown Highland
Single Family Home
Highland, MI 48357
1,785 Sqft | Built in 1885
25404 Hanover St
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
1,344 Sqft | Built in 1940
7274 Lamphere St
2 Beds, 1 Bath
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
748 Sqft | Built in 1949
4652 Allore Rd
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Newport, MI 48166
816 Sqft | Built in 1950
Hot
1281 W Cohoctah Rd
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Cohoctah, MI 48816
1,706 Sqft | Built in 1940
14050 Manhattan St
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Oak Park, MI 48237
1,061 Sqft | Built in 1949
Rent to own homes offer low monthly payments and flexible terms
1 of 56 1375 Red Barn Dr
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Oxford, MI 48371
1,028 Sqft | Built in 1966
New
1 of 64 1101 Clute Ct
5 Beds, 3 Baths
Rent To Own
 
Single Family Home
Lake Orion, MI 48362
2,947 Sqft | Built in 1935
1 of 2 1108 Packard St
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Ann Arbor, MI 48104
1,276 Sqft | Built in 1930
1 of 18 3079 Ailsa Craig Dr
2 Beds, 1.5 Bath
Rent To Own
Southeast Ann Arbor
Townhouse/Condo
Ann Arbor, MI 48108
1,121 Sqft | Built in 1996
1 of 30 3404 Cromwell Rd
3 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Ann Arbor, MI 48105
1,146 Sqft | Built in 1995
1 of 34 3501 S Wagner Rd
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Ann Arbor, MI 48103
3,389 Sqft | Built in 1997
1 of 32 4207 Chandi Ct
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Ypsilanti, MI 48197
2,013 Sqft | Built in 2011
1 of 6 4014 Gleaner Hall Rd
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Ann Arbor, MI 48105
2,555 Sqft | Built in 1994
1 of 23 1214 Cody Cir
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Saline, MI 48176
2,148 Sqft | Built in 1988
1 of 25 6083 Lafayette Ln
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Ann Arbor, MI 48103
1,561 Sqft | Built in 2002
1 of 10 716 W Castlebury Cir
4 Beds, 3.5 Baths
Rent To Own
 
Townhouse/Condo
Saline, MI 48176
2,338 Sqft | Built in 2011
1 of 6 7111 Homestead Rd
4 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Ypsilanti, MI 48197
1,880 Sqft | Built in 1999
1 of 8 312 Parsons St
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
910 Sqft | Built in 1925
1 of 5 730 Cliff Drive, #103
2 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Ypsilanti, MI 48198
1,200 Sqft | Built in 1982
1 of 36 7887 Scully Rd
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Dexter, MI 48130
1,560 Sqft | Built in 1997
1 of 9 1003 Hawthorne Ave
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
1,874 Sqft | Built in 1959
1 of 10 1370 Candlewood Ln
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
864 Sqft | Built in 1955
1 of 8 1525 Devon St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
1,220 Sqft | Built in 1968
Hot
1 of 14 96 Devonshire St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
757 Sqft | Built in 1957
1 of 2 1675 Parkwood Ave
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Ypsilanti, MI 48198
1,344 Sqft | Built in 1959
Hot
1 of 20 1604 Wismer St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
1,384 Sqft | Built in 1956
1 of 4 751 Oswego Ave
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
1,170 Sqft | Built in 1960
1 of 11 696 Oswego Ave
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
1,008 Sqft | Built in 1960
1 of 2 719 Oswego Ave
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
1,038 Sqft | Built in 1959
1 of 11 682 Oswego Ave
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
850 Sqft | Built in 1960
1 of 7 656 Oswego Ave
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
936 Sqft | Built in 1959
1 of 7 2355 Briardale Ct
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
920 Sqft | Built in 1969
1 of 8 63 W Miller Ave
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Milan, MI 48160
1,588 Sqft | Built in 1967
1 of 3 10056 Willis Rd
6 Beds, 3 Baths
Rent To Own
 
Single Family Home
Willis, MI 48191
2,070 Sqft | Built in 1890
1 of 23 393 South Platt Road
2 Beds, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Milan, MI 48160
900 Sqft
1 of 47 10035 Pearson
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Pinckney, MI 48169
1,300 Sqft | Built in 1920
1 of 34 417 Walnut Dr
2 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
South Lyon, MI 48178
1,758 Sqft | Built in 1998
1 of 25 51230 Willis Road Road
5 Beds, 2 Baths
Rent To Own
 
Single Family Home
Belleville, MI 48111
2,233 Sqft | Built in 1910
1 of 31 8873 Lagoon Dr
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Brighton, MI 48116
1,576 Sqft | Built in 1937
1 of 13 1652 N Lima Center Rd
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Dexter, MI 48130
2,484 Sqft | Built in 2001
New
1 of 50 1466 N Fletcher Rd
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Chelsea, MI 48118
814 Sqft | Built in 1960
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Buying a Home in Ann Arbor, MI

Ann Arbor, MI is seeing rapid growth and Ann Arbor, MI's' housing market remains not optimal with an average home price that is 59% above the 2022 national average. Ann Arbor, MI is part of Washtenaw 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 Washtenaw is 1.81% which is above the national average, which is 0.99%.

Median Home Price in Ann Arbor, MI

Median Rent in Ann Arbor, MI

Rent to own homes offer low monthly payments and flexible terms

Top Reasons to Live in Ann Arbor MI

Housing in Ann Arbor Ann Arbor real estate is about 48% owned and 50% rented, leaving the rest vacant. It's a college town, home to the University of Michigan, so it makes sense that many places aren't permanent -- though the rent to own option is always a choice if you like your house. If you want to purchase a house, rather than eventually purchase a rental house, expect to pay a median price of about $250,000. About 650 homes are sold in Ann Arbor every six months.

Weather and Climate Like many of the cities within the region, Ann Arbor experiences a humid continental climate. If you live in a rental home or a place you bought, you can expect a nice four-season year with both cold and hot months. Annual temperatures range from as low as 0 F to as high as 90 F during the summer. The city is coldest during the winter, which runs from November to April, with snowfall sometimes starting as early as October. Because of the city's proximity to the Great Lakes, visibility during the winter is typically poor. Expect some degree of cloudiness during the earlier months. Temperatures during this period often drop below 0 F. Summer is the warmest season, characterized by humid weather, achieving daytime highs of 104 F in July.

Local Restaurants Despite its size, Ann Arbor has a wide variety of affordable places to eat. You will find everything from classy restaurants to pizza restaurants. Tamale and hot dog carts can be found on most streets, with prices averaging at $1. The city's downtown area is home to Chinese restaurants and lots of wrap shops. If you're working on a budget, try the Kerrytown Market and Shops, with a few locations. You'll find a handful of restaurants with meals under $14. For affordable but ethnic fare, head to the Ayse Courtyard Cafe (along Plymouth Road), which is a Turkish restaurant, or Asian Legend, which offers close to four dozen Taiwanese dishes. Meals in are usually under $12. The Bubble Island on S University Ave is a great place to visit for frozen smoothies and beverages; but if you love coffee, then the Cafe Felix (Main Street) is a great place to visit. You can enjoy a nice cup of cappuccino and sandwiches, while soaking in the view, for under $10.

Tourist Attractions Ann Arbor offers several attractive sights. Some of the popular landmarks in the city include the University of Michigan and Michigan Stadium. Walking along Main Street gives you a great way of observing the city in action, but if you are looking for a richer cultural experience, you drop by the Kelsey Museum of Archaeology. Other places worth a visit include the Gerald R. Ford Presidential Museum, Bel-Mark Lanes, and Kempf House. You can tee off from a handful of golf courses, including Stonebridge and Lake Forest Golf Club, or enjoy a picnic at many of the parks around the city.

Largest Employers and Industries With up to 16,000 employees, University of Michigan is easily the largest employer in the city. The University of Michigan Medical Center follows it closely with 12,000 employees. In other sectors, the Toyota Technical Center is the top employer for the automotive industry (1,500 employees), while Thomas Reuters, with more than 1,000 employees is the leading IT employer. Other companies ranked within the 20 largest employees include Sheridan Books, Domino's Pizza, Trinity Healthy Medical Center, and CitiMortgage.

Ann Arbor, MI Frequently Asked Questions

Ann Arbor, MI has a walk score of

Ann Arbor, MI 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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