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 Ann Arbor, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
51319 GEDDES RD
Rent To Own
 
Single Family Home
Canton, MI 48188
2
1
823 ft2
1937
42260 FIVE MILE RD
Rent To Own
 
Single Family Home
Plymouth, MI 48170
4
3
2414 ft2
2014
960 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
2
2
1250 ft2
2020
970 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
2
2
1250 ft2
2020
940 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
2
2
1250 ft2
2020
920 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
2
2
1250 ft2
2020
930 E CLINTON ST
Rent To Own
 
Townhouse/Condo
Howell, MI 48843
3
3
1325 ft2
2020
134 N MILFORD RD
Rent To Own
Downtown Highland
Single Family Home
Highland, MI 48357
1
2
1808 ft2
1885
26770 Joy Rd
Rent To Own
Jefferson
Townhouse/Condo
Redford, MI 48239
1
1
646 ft2
1966
7274 Lamphere St
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
2
1
748 ft2
1949
4652 ALLORE RD
Rent To Own
 
Single Family Home
Newport, MI 48166
2
1
816 ft2
1950
1281 W Cohoctah Rd
Rent To Own
 
Single Family Home
Cohoctah, MI 48816
2
1
1706 ft2
1940
Hot
13518 POPLAR ST
Rent To Own
 
Single Family Home
Southgate, MI 48195
2
1
660 ft2
1949
20592 MAPLEWOOD ST
Rent To Own
 
Single Family Home
Riverview, MI 48193
4
3
2472 ft2
1974
14050 MANHATTAN ST
Rent To Own
 
Single Family Home
Oak Park, MI 48237
3
2
1061 ft2
1949
3680 ALLEN RD
Rent To Own
 
Single Family Home
Ortonville, MI 48462
4
4
4400 ft2
1991
1375 RED BARN DR
Rent To Own
 
Single Family Home
Oxford, MI 48371
3
1
2028 ft2
1966
1 of 2 1108 PACKARD ST
Rent To Own
 
Single Family Home
Ann Arbor, MI 48104
3
3
1276 ft2
1930
1 of 30 3404 CROMWELL RD
Rent To Own
 
Townhouse/Condo
Ann Arbor, MI 48105
3
3
1146 ft2
1995
1224 SNYDER AVE
Rent To Own
Greenview and Pioneer Nature Area
Single Family Home
Ann Arbor, MI 48103
3
3
1472 ft2
1960
1 of 34 3501 S WAGNER RD
Rent To Own
 
Single Family Home
Ann Arbor, MI 48103
4
3
3206 ft2
1997
1 of 18 3079 AILSA CRAIG DR
Rent To Own
Southeast Ann Arbor
Townhouse/Condo
Ann Arbor, MI 48108
2
2
1121 ft2
1996
1 of 57 3895 BRADFORD SQUARE DR
Rent To Own
Abbot
Single Family Home
Ann Arbor, MI 48103
4
3
2971 ft2
1987
Hot
1 of 32 4207 CHANDI CT
Rent To Own
 
Single Family Home
Ypsilanti, MI 48197
3
3
2143 ft2
2011
1 of 6 4014 GLEANER HALL RD
Rent To Own
 
Single Family Home
Ann Arbor, MI 48105
4
3
4100 ft2
1994
1 of 25 2868 CHASEWAY DR
Rent To Own
 
Single Family Home
Ann Arbor, MI 48105
3
3
2525 ft2
1995
Hot
1 of 23 1214 CODY CIR
Rent To Own
 
Single Family Home
Saline, MI 48176
4
3
2148 ft2
1988
1 of 25 6083 LAFAYETTE LN
Rent To Own
 
Townhouse/Condo
Ann Arbor, MI 48103
3
3
1561 ft2
2002
1 of 10 716 W CASTLEBURY CIR
Rent To Own
Saline
Townhouse/Condo
Saline, MI 48176
4
4
2275 ft2
2011
Hot
1 of 6 7111 HOMESTEAD RD
Rent To Own
 
Townhouse/Condo
Ypsilanti, MI 48197
4
3
1880 ft2
1999
1 of 5 730 Cliff Drive, #103
Rent To Own
 
Multifamily (2 - 4 Units)
Ypsilanti, MI 48198
2
2
1200 ft2
1982
8418 BERKSHIRE DR
Rent To Own
 
Single Family Home
Ypsilanti, MI 48198
4
3
2436 ft2
1988
1 of 36 7887 SCULLY RD
Rent To Own
 
Single Family Home
Dexter, MI 48130
3
3
1560 ft2
1997
Hot
1015 GAULT DR
Rent To Own
Gualt Village
Single Family Home
Ypsilanti, MI 48198
5
2
1800 ft2
1960
Hot
1 of 20 1604 WISMER ST
Rent To Own
Nancy Park
Single Family Home
Ypsilanti, MI 48198
4
1
1384 ft2
1956
1 of 8 63 W MILLER AVE
Rent To Own
 
Single Family Home
Milan, MI 48160
3
3
1700 ft2
1967
1 of 13 8115 THETFORD LN
Rent To Own
 
Single Family Home
Willis, MI 48191
3
2
0 ft2
2007
Hot
50391 GRANT ST
Rent To Own
 
Townhouse/Condo
Canton, MI 48188
4
4
3627 ft2
2012
1 of 23 393 South Platt Road
Rent To Own
 
Multifamily (2 - 4 Units)
Milan, MI 48160
2
1
900 ft2
1 of 34 372 RIVERBEND DR
Rent To Own
 
Single Family Home
Milan, MI 48160
2
1
0 ft2
1 of 47 10035 PEARSON
Rent To Own
 
Single Family Home
Pinckney, MI 48169
2
2
1300 ft2
1920
8690 DEXTER PINCKNEY RD
Rent To Own
 
Townhouse/Condo
Pinckney, MI 48169
5
5
4500 ft2
2015
Map
Sponsored Link

More Ann Arbor, MI Property Resources

Rent to own Homes in Cities Near Ann Arbor, MI

Browse all Rent to own Homes in Michigan

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 2024 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 2024 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.