Rent to Own Homes in Lansing, MI

Lansing is the capital city of Michigan and has a population of over 114,000. The city is located on the banks of the state's Grand River. It is roughly 90 miles outside of Detroit. Lansing is known as the home of Michigan State University, the Library of Michigan and Historical Center, and the Michigan State Capitol Building, which was built in 1878. The city also has a thriving arts scene and great restaurants, making it a place many want to live in.

Lansing, MI is a great place for affordable rent-to-own homes! With a median household income of over $44,233 and a median rent of $847, the Lansing, 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 Lansing, 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 Lansing, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
305 Miller Dr
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Albion, MI 49224
864 Sqft | Built in 1953
Hot
1281 W Cohoctah Rd
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Cohoctah, MI 48816
1,706 Sqft | Built in 1940
76 Bradford St
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Battle Creek, MI 49014
1,072 Sqft | Built in 1946
1 of 10 2510 W Kalamazoo St
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Lansing, MI 48917
1,352 Sqft | Built in 2004
1 of 7 5898 Okemos Rd
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Haslett, MI 48840
918 Sqft | Built in 1981
1 of 2 6217 Island Lake Dr
4 Beds, 4.5 Baths
Rent To Own
 
Single Family Home
East Lansing, MI 48823
3,765 Sqft | Built in 1989
1 of 2 3217 Rice Ct
3 Beds, 2 Baths
Rent To Own
Averill Woods
Single Family Home
Lansing, MI 48911
1,092 Sqft | Built in 2019
1 of 25 1342 Sweetgrass Dr
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Lansing, MI 48917
2,176 Sqft | Built in 2019
Rent to own homes offer low monthly payments and flexible terms
Hot
1 of 28 12688 Dundee Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Grand Ledge, MI 48837
1,444 Sqft | Built in 1986
1 of 24 302 N Clinton St
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Grand Ledge, MI 48837
1,610 Sqft | Built in 1900
1 of 38 13962 Heidi Ln
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Lansing, MI 48906
2,000 Sqft | Built in 1991
1 of 32 1380 Sanborn Dr
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dewitt, MI 48820
2,290 Sqft | Built in 1999
1 of 38 11522 Sara Ann Dr
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Dewitt, MI 48820
2,454 Sqft | Built in 2002
1 of 26 702 High St
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Charlotte, MI 48813
1,129 Sqft | Built in 1982
Hot
1 of 2 4838 Dietz Rd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Williamston, MI 48895
2,044 Sqft | Built in 1994
1 of 15 5347 W Bennington Road
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Laingsburg, MI 48848
2,000 Sqft | Built in 1950
Hot
1 of 14 222 S Virginia Ave
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Portland, MI 48875
1,104 Sqft | Built in 1968
1 of 60 5710 Faragher Rd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Saint Johns, MI 48879
1,120 Sqft | Built in 2004
1 of 23 4177 Paxton Rd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Saint Johns, MI 48879
1,464 Sqft | Built in 2002
1 of 46 176 Kent St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Sunfield, MI 48890
1,680 Sqft | Built in 1964
1 of 10 355 Bullis Rd
8 Beds, 5 Baths
Rent To Own
 
Single Family Home
Gregory, MI 48137
3,739 Sqft | Built in 1900
Hot
403 Reed St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Nashville, MI 49073
1,494 Sqft | Built in 1900
Hot
717 Tomlinson St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Jackson, MI 49203
1,062 Sqft | Built in 1920
Hot
1 of 6 122 W Morrell St
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Jackson, MI 49203
2,496 Sqft | Built in 1920
1 of 12 1925 Covenrty Circle
2 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Jackson, MI 49201
1,219 Sqft | Built in 2019
1 of 11 1966 Aspen Valley Lane
2 Beds, 1.5 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Ionia, MI 49331
1,450 Sqft | Built in 2020
1 of 46 4645 Parker Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Howell, MI 48843
2,715 Sqft | Built in 2005
1 of 3 921 Helena Ave
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Jackson, MI 49203
960 Sqft | Built in 1963
New
1 of 46 6951 Stony Lake Lane
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Jackson, MI 49201
1,870 Sqft | Built in 2022
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
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
1 of 6 7135 Six Mile Rod
4 Beds, 5 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
East Leroy (Batle Creek Area), MI 49051
4,800 Sqft | Built in 1981
1019 Abbot Rd
3 Beds, 2 Baths
REO Foreclosure
 
Single Family Home
East Lansing, MI 48823
1,432 Sqft | Built in 1959
319 N Magnolia Ave
3 Beds, 1 Bath
REO Foreclosure
 
Single Family Home
Lansing, MI 48912
1,061 Sqft | Built in 1930
1 of 4 310 Leland Pl
3 Beds, 1.5 Bath
Auction
 
Single Family Home
Lansing, MI 48917
1,690 Sqft | Built in 1972
905 Bennington Dr
3 Beds, 1.5 Bath
REO Foreclosure
 
Single Family Home
Lansing, MI 48917
1,448 Sqft | Built in 1963
207 Chanticleer Trl
4 Beds, 2 Baths
REO Foreclosure
 
Single Family Home
Lansing, MI 48917
1,898 Sqft | Built in 1968
541 Walbridge Dr
4 Beds, 2.5 Baths
REO Foreclosure
 
Single Family Home
East Lansing, MI 48823
2,690 Sqft | Built in 1960
114 Cox Blvd
2 Beds, 1 Bath
REO Foreclosure
Old Everett
Single Family Home
Lansing, MI 48910
732 Sqft | Built in 1955
901 Nipp Ave
2 Beds, 1 Bath
REO Foreclosure
 
Single Family Home
Lansing, MI 48915
771 Sqft | Built in 1941
2200 Coolidge St
2 Beds, 1 Bath
REO Foreclosure
 
Single Family Home
Lansing, MI 48906
1,275 Sqft | Built in 1951
2062 La Mer Ln
3 Beds, 1.5 Bath
REO Foreclosure
 
Townhouse/Condo
Haslett, MI 48840
1,193 Sqft | Built in 1979
3025 Greenoak Ave
2 Beds, 1 Bath
REO Foreclosure
Shady Oak
Single Family Home
Lansing, MI 48906
979 Sqft | Built in 1961
1 of 13 2227 Turner St
2 Beds, 1 Bath
REO Foreclosure
 
Single Family Home
Lansing, MI 48906
777 Sqft | Built in 1929
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Buying a Home in Lansing, MI

Lansing, MI is seeing rapid growth and Lansing, MI's' housing market remains optimal with an average home price that is -60% below the 2022 national average. Lansing, MI is part of Ingham 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 Ingham is 1.97% which is above the national average, which is 0.99%.

Median Home Price in Lansing, MI

Median Rent in Lansing, MI

Rent to own homes offer low monthly payments and flexible terms

Top Reasons to Live in Lansing MI

Housing Statistics The average price per square foot in Lansing is $83, which shows a steady increase of 5.1 precent in comparison to the same period last year. The median sales price for the homes from May 13 to July 13 was $76,500-a statistic approximated based on 453 individual sales. The median sales price has also increased since last year, showing a 14.2 percent rise, which translates as $9,500. Within Lansing, the amount of sales has dropped by 33.3 percent. At the moment, there are a total of 1,304 homes available, both resale and new. This includes 877 houses either in pre-foreclosure, the auction-stage or bank owned. Homes are also available for rent to own. 10.58 percent of the homes within Lansing are currently vacant.

Largest Employers and Industries In Lansing, the state government is responsible for the highest percentage of employment. Services, retail, education, and transportation product manufacturing comprise the bulk of the economy for the Lansing metropolitan area. Within the services sector, healthcare is the biggest employer, with business services coming in second and trade associations third. Education is a major player-The Michigan State University alone generates revenues of over $1.6 billion. There are a plethora of insurance companies, such as Sparrow Health System, in and around Lansing that hold corporate offices in the city or are headquartered there.

Outdoors Activities Lansing has many outdoor activities for you to enjoy. Michigan State University offers locals and visitors a range of sightseeing services. The W.J Beal Botanical Gardens, known to be the oldest botanical garden in the state, is one of the most popular sightseeing destinations. Visitors are blown away by the thousands of different species of plant. The university also opens up its planetarium, the Abrams Planetarium, and all interested can enjoy the enormous space theater and exhibition area. Potter Park Zoo is another great place to get the most out of the outdoors. This zoo provides a glimpse into the lives of over 100 different species of animal. Lansing residents have access to 3000 acres of woods and marshland, due to the city's close proximity with The Rose Lake Wildlife Research Station. Here, anyone eager can enjoy a range of hiking trails open to the public.

Weather and Climate Lansing is found on the Grand River as it turns onto the Red Cedar, and because of this the climate likes to alternate between continental and semi-marine. This means that Lansing gets very cold during the winter--on average, there are over ten nights when temperatures will drop below 0 degrees F--and very hot in the summer--on average, there are eight days when the temperature will rise above 90 degrees F. The area averages 49 inches of snow each year and also experiences tornadoes and thunderstorms from time to time.

Local Shopping The Lansing Mall is known as the biggest and most popular shopping mall in the area. This mall boasts over 125 stores and food outlets. There is a large antiques store in Lansing called the Mega Mall, holding thousands of antique collectibles in a total of 40,000 square feet. When near Michigan State University, shoppers will notice an influx of student-specialized stores. East Lansing is filled to the brim with quirky restaurants, used record stores, and bookstores. Found right on the corner of Cedar Street, Lansing City Market is a local favorite. This bustling market has been selling fresh fruit and vegetables since 1909.

Lansing, MI Frequently Asked Questions

Lansing, MI has a walk score of

Lansing, 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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