Rent to own Homes in Richmond, MI

Richmond, MI is a great place for affordable rent-to-own homes! With a median household income of over $54,801 and a median rent of $706, the Richmond, 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 Richmond, 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 Richmond, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1442 RILEY CENTER RD
Rent To Own
 
Single Family Home
Riley, MI 48041
3
2
1853 ft2
1991
24120 OXFORD ST
Rent To Own
 
Single Family Home
Clinton Township, MI 48036
3
3
1900 ft2
1953
1002 MAHAFFEY AVE
Rent To Own
 
Single Family Home
Rochester, MI 48307
3
2
1017 ft2
1958
13057 PROSPECT AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
900 ft2
1952
11092 PACKARD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
850 ft2
1951
8685 FORD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
3
1
1200 ft2
1948
1375 RED BARN DR
Rent To Own
 
Single Family Home
Oxford, MI 48371
3
1
2028 ft2
1966
8900 E Jefferson Ave APT 718
Rent To Own
Belle Isle
Single Family Home
Detroit, MI 48214
1
1
600 ft2
1966
204 W BRENTWOOD ST
Rent To Own
State Fair-Nolan
Single Family Home
Highland Park, MI 48203
3
1
1056 ft2
1951
502 ALBANY ST
Rent To Own
Downtown Ferndale
Single Family Home
Ferndale, MI 48220
3
1
1150 ft2
1928
14050 MANHATTAN ST
Rent To Own
 
Single Family Home
Oak Park, MI 48237
3
2
1061 ft2
1949
15484 NORTHLAWN ST
Rent To Own
Harmony Village
Single Family Home
Detroit, MI 48238
3
1
1243 ft2
1926
7274 Lamphere St
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
2
1
748 ft2
1949
1 of 89 68368 OAK ST
Rent To Own
 
Single Family Home
Richmond, MI 48062
4
2
1343 ft2
1918
68465 Rosewood unit 16-D building 4
Rent To Own
 
Multifamily (2 - 4 Units)
Richmond, MI 48062
2
1
1035 ft2
1988
Hot
1 of 20 30087 ARLINGTON ST
Rent To Own
 
Townhouse/Condo
Chesterfield, MI 48051
2
3
1356 ft2
2005
Hot
1 of 7 51130 COURTYARD DR
Rent To Own
 
Townhouse/Condo
Chesterfield, MI 48047
2
2
1449 ft2
2001
Hot
1 of 21 50078 N JIMMY CT
Rent To Own
 
Townhouse/Condo
Chesterfield, MI 48047
2
2
1104 ft2
1990
1 of 22 6824 BELLE RIVER RD
Rent To Own
 
Single Family Home
China, MI 48054
4
3
2400 ft2
1967
1 of 24 28011 GRAHAM DR
Rent To Own
 
Single Family Home
Chesterfield, MI 48047
3
3
1650 ft2
2002
Hot
1 of 31 22263 RHYS DR
Rent To Own
 
Single Family Home
Macomb, MI 48042
3
2
1648 ft2
2009
46271 JEFFERSON AVE
Rent To Own
 
Single Family Home
Chesterfield, MI 48047
2
1
1224 ft2
1925
6045 FRED W MOORE HWY
Rent To Own
 
Single Family Home
China, MI 48054
4
3
2450 ft2
2003
Hot
1 of 14 7263 DYKE RD
Rent To Own
 
Single Family Home
Clay, MI 48001
3
3
1619 ft2
1996
Hot
7091 GRISWOLD RD
Rent To Own
 
Single Family Home
Kimball, MI 48074
3
1
960 ft2
1973
Hot
1 of 34 21871 GOLDENWILLOW DR
Rent To Own
 
Townhouse/Condo
Macomb, MI 48044
4
3
3015 ft2
2015
Hot
1 of 25 48577 BAY HARBOR DR
Rent To Own
 
Single Family Home
Macomb, MI 48044
4
4
3349 ft2
2004
Hot
6621 DOVE RD
Rent To Own
 
Single Family Home
Kimball, MI 48074
4
2
2261 ft2
1996
Hot
1 of 69 56711 INLAND CT
Rent To Own
 
Single Family Home
Macomb, MI 48042
4
3
2553 ft2
2003
7317 Park Lane Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Clay Township, MI 48001
3
2
1921 ft2
1977
1 of 19 32747 N RIVER RD
Rent To Own
 
Single Family Home
Harrison Township, MI 48045
4
4
3820 ft2
2017
1 of 21 McFadden rd.
Rent To Own
 
Multifamily (2 - 4 Units)
Armada, MI 48005
5
3
3590 ft2
2002
1 of 21 23227 Olympia Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Clinton Twp, MI 48036
4
2
1846 ft2
2000
55949 ROMEO PLANK RD
Rent To Own
 
Single Family Home
Macomb, MI 48042
3
1
1136 ft2
1942
1 of 8 42525 STEPNITZ DR
Rent To Own
 
Single Family Home
Clinton Township, MI 48036
4
1
1250 ft2
2016
Hot
1 of 27 46346 FAIRWIND RD
Rent To Own
 
Single Family Home
Macomb, MI 48044
4
3
2650 ft2
1993
1 of 44 72856 TEAL CT
Rent To Own
 
Townhouse/Condo
Bruce Twp, MI 48065
4
4
4579 ft2
1998
Hot
1 of 23 55687 RHINE AVE
Rent To Own
 
Single Family Home
Macomb, MI 48042
5
4
2650 ft2
2002
Hot
1 of 44 27705 DANIEL CT
Rent To Own
 
Single Family Home
Harrison Township, MI 48045
3
3
2704 ft2
1993
37828 MAPLEHILL ST
Rent To Own
 
Single Family Home
Harrison Township, MI 48045
2
1
1000 ft2
1940
1 of 16 23 LODEWYCK ST
Rent To Own
 
Single Family Home
Mount Clemens, MI 48043
2
3
1810 ft2
1910
Hot
1 of 3 45971 APPLE LN
Rent To Own
 
Single Family Home
Macomb, MI 48044
3
2
1620 ft2
1978
Hot
1 of 28 13795 GRANDEUR AVE
Rent To Own
 
Single Family Home
Utica, MI 48315
3
3
2208 ft2
2015
Hot
1 of 21 19614 COOPER ST
Rent To Own
 
Single Family Home
Clinton Township, MI 48038
3
1
1120 ft2
1978
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Buying a Home in Richmond, MI

Richmond, MI is seeing rapid growth and Richmond, MI's' housing market remains optimal with an average home price that is -14% below the 2024 national average. Richmond, MI is part of Macomb 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 Macomb is 1.74% which is above the national average, which is 0.99%.

Median Home Price in Richmond, MI

Median Rent in Richmond, MI

Rent to own homes offer low monthly payments and flexible terms.