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 440
314 HAZE ST
Rent To Own
 
Single Family Home
Lansing, MI 48917
3
1
984 ft2
1929
305 MILLER DR
Rent To Own
 
Single Family Home
Albion, MI 49224
3
1
864 ft2
1953
1281 W Cohoctah Rd
Rent To Own
 
Single Family Home
Cohoctah, MI 48816
2
1
1706 ft2
1940
76 BRADFORD ST
Rent To Own
 
Single Family Home
Battle Creek, MI 49014
3
1
1072 ft2
1946
1537 MORSE RD
Rent To Own
 
Single Family Home
Battle Creek, MI 49014
3
2
1928 ft2
1970
1 of 14 6254 BARBADOS WAY
Rent To Own
 
Single Family Home
Dimondale, MI 48821
3
3
1750 ft2
2016
1 of 2 3217 RICE CT
Rent To Own
Averill Woods
Single Family Home
Lansing, MI 48911
3
2
1092 ft2
2019
1 of 2 6217 ISLAND LAKE DR
Rent To Own
Haslett
Single Family Home
East Lansing, MI 48823
5
5
3600 ft2
1989
3402 JOSETTE LN
Rent To Own
 
Single Family Home
Lansing, MI 48906
5
5
7810 ft2
1996
424 HIGHLAND AVE
Rent To Own
East Lansing
Single Family Home
East Lansing, MI 48823
3
1
1376 ft2
1940
1 of 10 2510 W KALAMAZOO ST
Rent To Own
 
Single Family Home
Lansing, MI 48917
4
3
1352 ft2
2004
1709 MAPLEWOOD AVE
Rent To Own
Fabulous Acres
Single Family Home
Lansing, MI 48910
3
1
1040 ft2
1918
1 of 19 604 LESLIE ST
Rent To Own
 
Single Family Home
Lansing, MI 48912
2
1
1131 ft2
1922
431 N DEERFIELD AVE
Rent To Own
 
Single Family Home
Lansing, MI 48917
2
1
840 ft2
1948
1 of 25 1342 SWEETGRASS DR
Rent To Own
 
Single Family Home
Lansing, MI 48917
3
3
2160 ft2
2019
Hot
3610 W HOLMES RD
Rent To Own
Woodmere
Single Family Home
Lansing, MI 48911
4
2
1763 ft2
1973
Hot
1 of 2 517 W HOLMES RD
Rent To Own
Old Everett
Single Family Home
Lansing, MI 48910
3
1
1340 ft2
1951
Hot
1 of 7 5898 OKEMOS RD
Rent To Own
Haslett
Townhouse/Condo
Haslett, MI 48840
2
1
918 ft2
1981
Hot
1 of 41 6709 ENGLISH OAK DR
Rent To Own
 
Single Family Home
East Lansing, MI 48823
4
4
3491 ft2
2004
Hot
1 of 28 12688 DUNDEE DR
Rent To Own
 
Single Family Home
Grand Ledge, MI 48837
3
2
1444 ft2
1986
3751 PARULA DR
Rent To Own
East Lansing
Single Family Home
East Lansing, MI 48823
3
3
2080 ft2
2016
7042 ROSSMAN HWY
Rent To Own
 
Single Family Home
Eaton Rapids, MI 48827
4
4
4500 ft2
1997
Hot
1 of 24 302 N CLINTON ST
Rent To Own
Grand Ledge
Single Family Home
Grand Ledge, MI 48837
3
3
1701 ft2
1900
Hot
9260 SUMMER RIDGE CIR
Rent To Own
 
Single Family Home
Grand Ledge, MI 48837
4
2
137650 ft2
2021
Hot
1 of 38 13962 HEIDI LN
Rent To Own
 
Single Family Home
Lansing, MI 48906
4
3
2800 ft2
1991
1 of 32 1380 SANBORN DR
Rent To Own
 
Single Family Home
Dewitt, MI 48820
4
3
3778 ft2
1999
1 of 20 Kalamata Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Dewitt, MI 48820
4
3
2688 ft2
2019
1 of 38 11522 SARA ANN DR
Rent To Own
 
Single Family Home
Dewitt, MI 48820
5
4
3510 ft2
2002
Hot
1 of 26 702 HIGH ST
Rent To Own
 
Single Family Home
Charlotte, MI 48813
3
2
1129 ft2
1982
Hot
1 of 2 4838 DIETZ RD
Rent To Own
 
Single Family Home
Williamston, MI 48895
3
2
0 ft2
1994
7897 E BELLEVUE HWY
Rent To Own
 
Single Family Home
Eaton Rapids, MI 48827
2
1
960 ft2
1910
Hot
1 of 14 222 S VIRGINIA AVE
Rent To Own
 
Single Family Home
Portland, MI 48875
3
2
1104 ft2
1968
1 of 60 5710 FARAGHER RD
Rent To Own
 
Single Family Home
Saint Johns, MI 48879
3
3
1820 ft2
2004
2980 BUDD RD
Rent To Own
 
Single Family Home
Stockbridge, MI 49285
4
2
1700 ft2
1860
3261 Country Club Way Way
Rent To Own
 
Single Family Home
Albion, MI 49224
4
2
2744 ft2
1940
1 of 23 4177 PAXTON RD
Rent To Own
 
Single Family Home
Saint Johns, MI 48879
5
2
2500 ft2
2002
Hot
1 of 46 176 KENT ST
Rent To Own
 
Single Family Home
Sunfield, MI 48890
3
2
1940 ft2
1964
8725 ROSS RD
Rent To Own
 
Single Family Home
Muir, MI 48860
1
1
500 ft2
2002
212 PINE ST
Rent To Own
 
Single Family Home
Corunna, MI 48817
3
1
1294 ft2
1915
Hot
1 of 10 355 BULLIS RD
Rent To Own
 
Single Family Home
Gregory, MI 48137
8
4
4900 ft2
1900
Hot
403 REED ST
Rent To Own
 
Single Family Home
Nashville, MI 49073
3
1
1494 ft2
1900
312 W GANSON ST
Rent To Own
Arts
Single Family Home
Jackson, MI 49201
3
1
1696 ft2
1920
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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 2024 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 2024 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.