Rent to Own Homes in Grand Rapids, MI

Nicknamed "Furniture City" and located on the Grand River, Grand Rapids, Michigan, is not only the second largest city in the state, but it's also home to five of the largest office furniture companies in the world. Grand Rapids' economy has also expanded into such fields as aviation, automotive, health care, and information technology. With that business success, the metropolitan population of over 1.3 million has gained the notoriety of being one of the more desired communities in the country.

Grand Rapids, MI is a great place for affordable rent-to-own homes! With a median household income of over $51,333 and a median rent of $947, the Grand Rapids, 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 Grand Rapids, 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 224 Grand Rapids, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 224
Hot
1584 Carlton St
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Muskegon, MI 49442
666 Sqft | Built in 1936
1 of 28 710 Twin Lakes Dr NE
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Grand Rapids, MI 49525
1,504 Sqft | Built in 1985
1 of 16 940 Monroe Avenue Nw, Unit 122
1 Bed, 1 Bath
Rent To Own
Belknap Lookout
Multifamily (2 - 4 Units)
Grand Rapids, MI 49503
748 Sqft
1 of 12 2135 Onekama Dr SE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Grand Rapids, MI 49506
1,546 Sqft | Built in 1969
1 of 8 2135 Lake Dr SE
4 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
East Grand Rapids, MI 49506
1,882 Sqft | Built in 1902
Hot
1 of 17 3820 Michael Ave SW
4 Beds, 1 Bath
Rent To Own
 
Single Family Home
Wyoming, MI 49509
1,311 Sqft | Built in 1944
1 of 60 1630 Rebecca Ct NW
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Grand Rapids, MI 49504
1,636 Sqft | Built in 2000
921 Shawmut Ct NW
2 Beds, 1.5 Bath
Rent To Own
Westside Connection
Single Family Home
Grand Rapids, MI 49504
1,457 Sqft | Built in 1978
Rent to own homes offer low monthly payments and flexible terms
Hot
1 of 7 2049 Porter St SW
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Wyoming, MI 49519
1,348 Sqft | Built in 1890
Hot
1 of 21 208 Walter St SE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Wyoming, MI 49548
1,140 Sqft | Built in 1910
Hot
1 of 31 2311 Union Ave SE
3 Beds, 1.5 Bath
Rent To Own
Garfield Park
Single Family Home
Grand Rapids, MI 49507
1,563 Sqft | Built in 1927
1 of 31 2746 Alger St SE
4 Beds, 3 Baths
Rent To Own
Ridgemoor
Single Family Home
Grand Rapids, MI 49546
2,204 Sqft | Built in 1969
1 of 7 2905 Earle Ave SW
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Grandville, MI 49418
1,390 Sqft | Built in 1927
Hot
1 of 2 3117 Vermont Ave SW
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Grandville, MI 49418
1,698 Sqft | Built in 1924
1 of 13 4570 Gascony Dr SE
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Grand Rapids, MI 49546
2,142 Sqft | Built in 2002
1 of 13 21 Majestic St SE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Kentwood, MI 49548
672 Sqft | Built in 1942
1 of 38 5837 Brookfarm Dr SE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Kentwood, MI 49508
1,120 Sqft | Built in 1985
1 of 35 3646 Running Brook Dr SE
3 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Kentwood, MI 49512
1,802 Sqft | Built in 2004
1 of 19 6987 E Springtree Ln SW
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Grand Rapids, MI 49548
856 Sqft | Built in 1985
1 of 12 2128 Eaststone St SE
3 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Caledonia, MI 49316
1,662 Sqft | Built in 2005
1 of 28 905 Rushmore St
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Jenison, MI 49428
1,620 Sqft | Built in 1972
1 of 13 1164 Maplewood Dr
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Jenison, MI 49428
1,008 Sqft | Built in 1958
1 of 26 6424 12th Ave
4 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Jenison, MI 49428
1,778 Sqft | Built in 1953
1 of 6 7449 Bronco Dr
4 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Caledornia, MI 49316
Built in 2017
1 of 17 8045 Ambercrest Drive SW
2 Beds, 2.5 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Byron Center, MI 49315
2,100 Sqft | Built in 2017
1 of 2 1456 Sunflower Way
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Hudsonville, MI 49426
1,239 Sqft | Built in 2007
Hot
1 of 6 6711 Boca Vista Dr NE Unit 202
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Rockford, MI 49341
960 Sqft | Built in 1985
1 of 14 7800 Loral Pines Dr SE
5 Beds, 4.5 Baths
Rent To Own
 
Single Family Home
Ada, MI 49301
3,059 Sqft | Built in 1997
1 of 26 2675 Willow View Dr
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Jenison, MI 49428
1,948 Sqft | Built in 2004
1 of 9 2692 Cedargrove Ct
2 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Georgetown Township, MI 49428
1,410 Sqft | Built in 1997
6676 Fencerow Ct SE
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Caledonia, MI 49316
1,836 Sqft | Built in 2002
1 of 16 7499 Young Ave NE
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Rockford, MI 49341
1,874 Sqft | Built in 1994
1 of 44 1835 Mccabe Ave NE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Lowell, MI 49331
1,754 Sqft | Built in 2004
1 of 18 7352 40th Ave
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Hudsonville, MI 49426
3,314 Sqft | Built in 1997
1 of 14 6705 Campau Lake Dr SE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Alto, MI 49302
742 Sqft | Built in 1950
1 of 52 11533 Windsor Dr NE
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Sparta, MI 49345
1,434 Sqft | Built in 1998
1 of 29 5248 Branta Dr NE
3 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Rockford, MI 49341
2,195 Sqft | Built in 2004
Hot
1 of 37 311 Vansen Dr
3 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Kent City, MI 49330
2,218 Sqft | Built in 2016
1 of 100 11787 Kayden Ln SE
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Lowell, MI 49331
2,386 Sqft | Built in 2016
1 of 36 2650 Seymour Dr.
4 Beds, 2.5 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Shelbyville, MI 49314
2,053 Sqft | Built in 1963
1 of 33 10305 Winterwood Dr
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Zeeland, MI 49464
1,266 Sqft | Built in 1998
1 of 16 11843 Sams Avenue
3 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Shelbyville, MI 49344
1,140 Sqft | Built in 2020
1067 E 8th St
4 Beds, 1 Bath
Rent To Own
 
Single Family Home
Holland, MI 49423
1,594 Sqft | Built in 1841
105 Stocking St
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Belding, MI 48809
1,498 Sqft | Built in 1970
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Buying a Home in Grand Rapids, MI

Grand Rapids, MI is seeing rapid growth and Grand Rapids, MI's' housing market remains optimal with an average home price that is -28% below the 2022 national average. Grand Rapids, MI is part of Kent 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 Kent is 1.56% which is above the national average, which is 0.99%.

Median Home Price in Grand Rapids, MI

Median Rent in Grand Rapids, MI

Rent to own homes offer low monthly payments and flexible terms

Top Reasons to Live in Grand Rapids MI

Housing Statistics When looking to invest in real estate in today's Grand Rapids market, regardless if you are buying a home or looking for rent to own opportunities, you want to be sure you do your due diligence about the area before committing to a deal. If you're planning to invest in the Grand Rapids area, know that the average listing price for homes in the area is right around $167,162, which is down -3.5% from previous weeks. In addition, it's important to know that those homes closing with a median sales price of about $113,000 in the last month, which is actually up 10.8% over this same time last year. As far as the total number of sales taking place per month, Grand Rapids saw approximately 1,370 closings in the last month, which is also up 26% compared to this same time in 2012. According to the most recent count of homes available in the Grand Rapids area, there are 1,512 new and resale properties and approximately 725 properties that are either in the pre-foreclosure or bank-owned stage of selling.

Arts and Culture The Grand Rapids area not only has several historic buildings and public sculptures like the symbolic Alexander Calder monument and the famous fish ladder piece, but it also has some impressive museums and galleries as well. A must-see is the Gerald R. Ford Museum, which covers the life of the 38th President of the United States of America and Grand Rapids native, Gerald Ford. Grand Rapids is also home to Ford's final resting place, adjacent to his museum.

Nightlife If you are looking for something to do in Grand Rapids after the sun has gone down, then you are in for a treat. The place to be is Downtown, which is home to all the area's best brew pubs, comedy clubs, theatres, and places to experience live-music.

School Systems The school system in Grand Rapids is divided into three segments; East Grand Rapids Public School District, Grand Rapids Public School District, and the private school district. The largest representation is in the Grand Rapids Public School District which offers pre-kindergarten through 12th grades and has 61 schools with over 19,000 students. The second largest district is the East Grand Rapids Public School District and it offer classes to students in grades kindergarten through 12th grade, has 5 schools total and 3,022 current students. As for as private schools go the most prominent in the area are Paul the Apostle Catholic School, Breton Downs Elementary, and Townline Elementary. So, no matter where your apartment, house or rental home is, you will be able to find a good place to educate your children.

Neighborhood Guide Whether you're taking in a concert at the new Van Andel Arena, visiting all that Lake Michigan has to offer, or taking the kids to the John Ball Zoo, Grand Rapids is filled with unique neighborhoods offering unique opportunities.

Grand Rapids, MI Frequently Asked Questions

Grand Rapids, MI has a walk score of

Grand Rapids, 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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