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 Grand Rapids, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
19326 EDGAR RD
Rent To Own
 
Single Family Home
Howard City, MI 49329
4
3
1700 ft2
1988
New
1 of 5 1775 MCILWRAITH ST
Rent To Own
Marsh Field
Single Family Home
Muskegon, MI 49442
2
1
864 ft2
155 DALE ST NE
Rent To Own
Creston
Single Family Home
Grand Rapids, MI 49505
3
2
1058 ft2
1880
1 of 31 2746 ALGER ST SE
Rent To Own
Ridgemoor
Single Family Home
Grand Rapids, MI 49546
4
3
2204 ft2
1969
2335 Watertown Way NE
Rent To Own
Northeast Grand Rapids
Single Family Home
Grand Rapids, MI 49505
3
3
1505 ft2
2752 BROOKLYN AVE SE
Rent To Own
Alger Heights
Single Family Home
Grand Rapids, MI 49507
4
2
1278 ft2
1951
2327 Watertown Way NE
Rent To Own
Northeast Grand Rapids
Single Family Home
Grand Rapids, MI 49505
3
3
1505 ft2
2023
1 of 43 76 CAMPAU CIR NW
Rent To Own
Heartside-Downtown
Townhouse/Condo
Grand Rapids, MI 49503
1
2
1101 ft2
1990
Hot
1 of 7 2049 PORTER ST SW
Rent To Own
Wyoming
Single Family Home
Wyoming, MI 49519
2
2
1352 ft2
1890
1818 KALAMAZOO AVE SE
Rent To Own
South East End
Single Family Home
Grand Rapids, MI 49507
2
1
864 ft2
1927
Hot
1 of 31 2311 UNION AVE SE
Rent To Own
Garfield Park
Single Family Home
Grand Rapids, MI 49507
3
2
1563 ft2
1927
Hot
1 of 21 208 WALTER ST SE
Rent To Own
Wyoming
Single Family Home
Grand Rapids, MI 49548
3
2
1140 ft2
1910
423 BREENS CT SW
Rent To Own
Roosevelt Park
Single Family Home
Grand Rapids, MI 49503
2
1
688 ft2
1902
531 LIBERTY ST SW
Rent To Own
 
Single Family Home
Grand Rapids, MI 49503
4
1
1320 ft2
1930
Hot
1 of 17 3820 MICHAEL AVE SW
Rent To Own
Wyoming
Single Family Home
Wyoming, MI 49509
4
1
1310 ft2
1944
2326 Watertown Way NE
Rent To Own
Northeast Grand Rapids
Single Family Home
Grand Rapids, MI 49505
2
2
1180 ft2
2023
2333 Watertown Way NE
Rent To Own
Northeast Grand Rapids
Single Family Home
Grand Rapids, MI 49505
4
4
1505 ft2
2023
2325 Watertown Way NE
Rent To Own
Northeast Grand Rapids
Single Family Home
Grand Rapids, MI 49505
3
4
1505 ft2
2023
Hot
1 of 47 941 ELLSMERE ST NE
Rent To Own
Creston
Single Family Home
Grand Rapids, MI 49505
3
2
2300 ft2
1941
Hot
1 of 99 1630 REBECCA CT NW
Rent To Own
 
Single Family Home
Grand Rapids, MI 49504
4
2
1590 ft2
2000
3257 FULTON ST E
Rent To Own
 
Single Family Home
Grand Rapids, MI 49546
2
2
728 ft2
1935
2344 Watertown Way NE
Rent To Own
Northeast Grand Rapids
Single Family Home
Grand Rapids, MI 49505
2
2
1215 ft2
2022
2332 Watertown Way NE
Rent To Own
Northeast Grand Rapids
Single Family Home
Grand Rapids, MI 49505
2
2
1180 ft2
2023
2329 Watertown Way NE
Rent To Own
Northeast Grand Rapids
Single Family Home
Grand Rapids, MI 49505
3
3
1505 ft2
2023
226 ANN ST NE
Rent To Own
Creston
Single Family Home
Grand Rapids, MI 49505
5
2
1580 ft2
1890
Hot
921 SHAWMUT CT NW
Rent To Own
Westside Connection
Single Family Home
Grand Rapids, MI 49504
2
2
1457 ft2
1978
1 of 16 940 Monroe Avenue NW, Unit 122
Rent To Own
Belknap Lookout
Multifamily (2 - 4 Units)
Grand Rapids, MI 49503
1
1
748 ft2
1015 WIDDICOMB AVE NW
Rent To Own
West Grand
Single Family Home
Grand Rapids, MI 49504
4
2
1568 ft2
1918
Hot
111 DALE ST NE
Rent To Own
Creston
Single Family Home
Grand Rapids, MI 49505
4
2
1741 ft2
1920
Hot
1330 MAUDE AVE NE
Rent To Own
Creston
Single Family Home
Grand Rapids, MI 49505
5
2
1937 ft2
1890
1 of 7 2905 EARLE AVE SW
Rent To Own
Downtown Grandville
Single Family Home
Grandville, MI 49418
3
3
1350 ft2
1927
Hot
1 of 2 3117 VERMONT AVE SW
Rent To Own
Grandville
Single Family Home
Grandville, MI 49418
3
2
1700 ft2
1924
2548 NEWBERRY LN SE
Rent To Own
Kentwood
Townhouse/Condo
Grand Rapids, MI 49508
3
2
2068 ft2
1992
Hot
1 of 34 4101 COIT AVE NE
Rent To Own
Northview
Single Family Home
Grand Rapids, MI 49525
3
2
1439 ft2
1953
Hot
1 of 13 4570 GASCONY DR SE
Rent To Own
 
Single Family Home
Grand Rapids, MI 49546
4
3
2142 ft2
2002
1190 52ND ST SW
Rent To Own
Wyoming
Single Family Home
Wyoming, MI 49509
3
1
1197 ft2
1951
Hot
1 of 63 1843 TIMBERVIEW ST NE
Rent To Own
Northview
Single Family Home
Grand Rapids, MI 49525
4
3
3300 ft2
1979
Hot
1 of 13 21 MAJESTIC ST SE
Rent To Own
Kentwood
Single Family Home
Grand Rapids, MI 49548
2
1
672 ft2
1942
Hot
1 of 38 5837 BROOKFARM DR SE
Rent To Own
Kentwood
Single Family Home
Grand Rapids, MI 49508
3
2
1500 ft2
1985
357 WHITE STAG CT SW
Rent To Own
 
Single Family Home
Grandville, MI 49418
3
5
4024 ft2
1998
Hot
670 WATERVIEW CT SW
Rent To Own
 
Townhouse/Condo
Grandville, MI 49418
3
2
1300 ft2
1980
Hot
1 of 19 6987 E SPRINGTREE LN SW
Rent To Own
Cutlerville
Townhouse/Condo
Grand Rapids, MI 49548
2
2
1600 ft2
1985
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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 2024 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 2024 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.