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 Lansing, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
314 HAZE ST
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Lansing, MI 48917
984 Sqft | Built in 1929
305 MILLER DR
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Albion, MI 49224
864 Sqft | Built in 1953
1281 W Cohoctah Rd
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Cohoctah, MI 48816
1,706 Sqft | Built in 1940
1537 MORSE RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Battle Creek, MI 49014
1,928 Sqft | Built in 1970
13258 6 1/2 MILE RD
6 Beds, 3 Baths
Rent To Own
 
Single Family Home
Battle Creek, MI 49014
3,178 Sqft | Built in 1950
1 of 14 6254 BARBADOS WAY
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Dimondale, MI 48821
1,750 Sqft | Built in 2016
1 of 19 604 LESLIE ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Lansing, MI 48912
1,131 Sqft | Built in 1922
1 of 2 6217 ISLAND LAKE DR
5 Beds, 4.5 Baths
Rent To Own
 
Single Family Home
East Lansing, MI 48823
3,600 Sqft | Built in 1989
Rent to own homes offer low monthly payments and flexible terms.
Hot
1 of 7 5898 OKEMOS RD
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Haslett, MI 48840
918 Sqft | Built in 1981
1709 MAPLEWOOD AVE
3 Beds, 1 Bath
Rent To Own
Fabulous Acres
Single Family Home
Lansing, MI 48910
1,040 Sqft | Built in 1918
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
2,160 Sqft | Built in 2019
Hot
3610 W HOLMES RD
4 Beds, 2 Baths
Rent To Own
Woodmere
Single Family Home
Lansing, MI 48911
1,763 Sqft | Built in 1973
Hot
1 of 2 517 W HOLMES RD
3 Beds, 1 Bath
Rent To Own
Old Everett
Single Family Home
Lansing, MI 48910
1,340 Sqft | Built in 1951
3402 JOSETTE LN
5 Beds, 4.5 Baths
Rent To Own
 
Single Family Home
Lansing, MI 48906
7,810 Sqft | Built in 1996
1 of 10 2510 W KALAMAZOO ST
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Lansing, MI 48917
1,352 Sqft | Built in 2004
1 of 26 424 HIGHLAND AVE
3 Beds, 1.25 Bath
Rent To Own
 
Single Family Home
East Lansing, MI 48823
1,376 Sqft | Built in 1940
Hot
1 of 17 541 WOODROW AVE
3 Beds, 1.5 Bath
Rent To Own
Clifford Park
Single Family Home
Lansing, MI 48910
1,200 Sqft | Built in 1916
1 of 41 6709 ENGLISH OAK DR
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
East Lansing, MI 48823
3,491 Sqft | Built in 2004
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 3751 PARULA DR
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
East Lansing, MI 48823
2,080 Sqft | Built in 2016
1 of 44 7042 ROSSMAN HWY
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Eaton Rapids, MI 48827
4,500 Sqft | Built in 1997
1 of 24 302 N CLINTON ST
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Grand Ledge, MI 48837
1,701 Sqft | Built in 1900
Hot
9260 SUMMER RIDGE CIR
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Grand Ledge, MI 48837
137,650 Sqft | Built in 2021
1 of 38 13962 HEIDI LN
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Lansing, MI 48906
2,800 Sqft | Built in 1991
1 of 32 1380 SANBORN DR
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dewitt, MI 48820
3,778 Sqft | Built in 1999
1 of 20 Kalamata Drive
4 Beds, 2.5 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Dewitt, MI 48820
2,688 Sqft | Built in 2019
1 of 38 11522 SARA ANN DR
5 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Dewitt, MI 48820
3,510 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
Built in 1994
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, 3 Baths
Rent To Own
 
Single Family Home
Saint Johns, MI 48879
1,820 Sqft | Built in 2004
2980 BUDD RD
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Stockbridge, MI 49285
1,700 Sqft | Built in 1860
1 of 23 4177 PAXTON RD
5 Beds, 2 Baths
Rent To Own
 
Single Family Home
Saint Johns, MI 48879
2,500 Sqft | Built in 2002
1 of 46 176 KENT ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Sunfield, MI 48890
1,940 Sqft | Built in 1964
1 of 10 355 BULLIS RD
8 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Gregory, MI 48137
4,900 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
4227 Donnely Rd Road
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Jackson, MI 49201
1,730 Sqft | Built in 1958
New
4511 DONNELY RD
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Jackson, MI 49201
1,320 Sqft | Built in 1940
Hot New
813 N EATON ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Albion, MI 49224
1,750 Sqft | Built in 1890
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
7 Beds, 2 Baths
Rent To Own
 
Single Family Home
Jackson, MI 49203
2,496 Sqft | Built in 1920
1 of 17 1008 ENGELHARDT STRASSE ST
3 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Jackson, MI 49201
1,564 Sqft | Built in 2000
716 SYCAMORE ST
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Albion, MI 49224
1,015 Sqft | Built in 1971
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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 -100% 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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