Rent to own Homes in Sterling Heights, MI

Just sixty years ago, Sterling Heights (or Sterling Township, as it was known then) was little more than a place to grow rhubarb. In the decades since then the only thing that's been growing in this city is the population; Sterling Heights is now the fourth-largest city in Michigan. The former home of rapper Eminem, Sterling Heights is one of the safest cities in the country for its size.

Sterling Heights, MI is a great place for affordable rent-to-own homes! With a median household income of over $66,346 and a median rent of $1,051, the Sterling Heights, 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 Sterling Heights, 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 Sterling Heights, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
1002 MAHAFFEY AVE
Rent To Own
 
Single Family Home
Rochester, MI 48307
3
2
1017 ft2
1958
8685 FORD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
3
1
1200 ft2
1948
11092 PACKARD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
850 ft2
1951
13057 PROSPECT AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
900 ft2
1952
24120 OXFORD ST
Rent To Own
 
Single Family Home
Clinton Township, MI 48036
3
3
1900 ft2
1953
204 W BRENTWOOD ST
Rent To Own
State Fair-Nolan
Single Family Home
Highland Park, MI 48203
3
1
1056 ft2
1951
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
8900 E Jefferson Ave APT 718
Rent To Own
Belle Isle
Single Family Home
Detroit, MI 48214
1
1
600 ft2
1966
7274 Lamphere St
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
2
1
748 ft2
1949
1 of 14 525 Maloney Street
Rent To Own
 
Multifamily (2 - 4 Units)
Oxford, MI 48371
3
3
2519 ft2
1977
25404 HANOVER ST
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
2
3
1344 ft2
1940
1442 RILEY CENTER RD
Rent To Own
 
Single Family Home
Riley, MI 48041
3
2
1853 ft2
1991
Hot
13518 POPLAR ST
Rent To Own
 
Single Family Home
Southgate, MI 48195
2
1
660 ft2
1949
3680 ALLEN RD
Rent To Own
 
Single Family Home
Ortonville, MI 48462
4
4
4400 ft2
1991
20592 MAPLEWOOD ST
Rent To Own
 
Single Family Home
Riverview, MI 48193
4
3
2472 ft2
1974
42260 FIVE MILE RD
Rent To Own
 
Single Family Home
Plymouth, MI 48170
4
3
2414 ft2
2014
51319 GEDDES RD
Rent To Own
 
Single Family Home
Canton, MI 48188
2
1
823 ft2
1937
1 of 23 42771 RICHMOND DR
Rent To Own
 
Townhouse/Condo
Sterling Heights, MI 48313
2
2
1205 ft2
2001
1 of 15 2237 PURCELL DR
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
3
1
1609 ft2
1977
1 of 70 14984 RIVER VIEW CT
Rent To Own
 
Single Family Home
Sterling Heights, MI 48313
4
4
2528 ft2
1994
3452 PIPERS GLEN DR
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
4
3
2261 ft2
1986
1 of 12 8825 SUNRISE DR
Rent To Own
 
Townhouse/Condo
Sterling Heights, MI 48312
3
2
840 ft2
1973
Hot
1 of 4 13391 FOREST RIDGE BLVD
Rent To Own
 
Townhouse/Condo
Sterling Heights, MI 48313
2
2
1382 ft2
2003
Hot
1 of 31 35128 BRIGHTON DR
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
4
3
1920 ft2
1989
Hot
1 of 19 40461 PAGE DR
Rent To Own
 
Single Family Home
Sterling Heights, MI 48313
3
2
1658 ft2
1985
Hot
1 of 23 41219 OLIVET DR
Rent To Own
 
Single Family Home
Sterling Heights, MI 48313
3
2
1436 ft2
1973
1 of 41 3985 ELVERA LN
Rent To Own
Northwest Warren
Townhouse/Condo
Warren, MI 48092
2
2
1222 ft2
2002
1 of 22 5054 DAYTON DR
Rent To Own
 
Single Family Home
Troy, MI 48085
3
2
1742 ft2
1973
1 of 18 8173 GERHARDT ST
Rent To Own
 
Single Family Home
Shelby Township, MI 48317
3
2
1200 ft2
1957
1 of 10 31340 Lyons Cirlce E
Rent To Own
Northwest Warren
Multifamily (2 - 4 Units)
Warren, MI 48092
3
2
1075 ft2
1955
1 of 11 2717 ROUNDTREE DR
Rent To Own
 
Townhouse/Condo
Troy, MI 48083
2
1
937 ft2
1973
1 of 7 30997 BOEWE DR
Rent To Own
Northwest Warren
Single Family Home
Warren, MI 48092
3
2
1340 ft2
1964
1 of 22 5121 HAWKSEYE TRCE
Rent To Own
Northwest Warren
Townhouse/Condo
Warren, MI 48092
2
3
1576 ft2
2018
Hot
41495 JANET CIR
Rent To Own
 
Townhouse/Condo
Clinton Township, MI 48038
2
2
1187 ft2
1990
Hot
1 of 16 3171 JOHN R RD
Rent To Own
 
Single Family Home
Rochester Hills, MI 48307
3
1
1200 ft2
1966
1 of 10 29895 foxrun circle
Rent To Own
Northwest Warren
Multifamily (2 - 4 Units)
Warren, MI 48092
3
2
1511 ft2
2013
Hot
1 of 12 41664 STONEHENGE MANOR DR
Rent To Own
 
Single Family Home
Clinton Township, MI 48038
5
4
2492 ft2
2003
Hot
1 of 10 29278 HOOVER RD
Rent To Own
Northeast Warren
Townhouse/Condo
Warren, MI 48093
2
2
973 ft2
1965
1 of 17 12885 VAN PAMEL DR
Rent To Own
 
Single Family Home
Shelby Township, MI 48315
4
3
3750 ft2
2001
Hot
1 of 3 45971 APPLE LN
Rent To Own
 
Single Family Home
Macomb, MI 48044
3
2
1620 ft2
1978
380 E SOUTH BLVD
Rent To Own
 
Single Family Home
Troy, MI 48085
3
3
1416 ft2
1987
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Buying a Home in Sterling Heights, MI

Sterling Heights, MI is seeing rapid growth and Sterling Heights, MI's' housing market remains optimal with an average home price that is -9% below the 2024 national average. Sterling Heights, 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 Sterling Heights, MI

Median Rent in Sterling Heights, MI

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

Top Reasons to Live in Sterling Heights MI

Housing Statistics Sixty-nine percent of properties are owner occupied in Sterling Heights. Twenty-six percent of properties are rentals, and the remaining five percent are vacant. It's expected that the growing number of rent to own homes will only increase the percentage of owner occupied properties. The annual residential turnover rate is low, at just nine percent, suggesting that people living in Sterling Heights have a happy life. While the median sales price has been on the increase, reaching $129,000 from May-July 2013, the number of sales have actually dropped by a third from last year.

Local Events and Festivals Sterling Heights plays host to a number of music festivals that highlight a variety of musical genres. The Forever Festival takes place in September, which is open to people of all ages and features global dance acts. If electronic dance music isn't your cup of tea, you might be interested in the Stars and Stripes Festival, which takes place over the last weekend in June and has four stages with bands playing rock and pop. Away from the music there's also a BMX stunt show and even a petting zoo, making Stars and Stripes a true family event. Finally, there's Sterlingfest, which is held in Dodge Park during July or August and features a mix of carnival rides and live music.

Transportation and Commute Without a car, you'll be limited in Sterling Heights. There is practically no public transport system within the city, although SmartBus does operate two lines that run through the city into downtown Detroit. The lack of public-provided options means that only 0.5 percent of residents use mass transit to commute to work, while a massive 88 percent drive alone and just eight percent carpool. Meanwhile, commute time is just slightly above that of the national average at 28.9 minutes. The M-59 and M-53 are the major roads in the city, heading north and west respectively.

Local Shopping It's fair to say that when it comes to shopping you can do it all at one destination: The Lakeside Mall. This is the city's largest shopping center, and it has a number of national anchor stores supporting around 100 smaller retail lots. Pretty much everything you might need - from fashion and jewelry to housewares and technology - is available at the right price in this traditional shopping environment. Unfortunately, it's all fairly cookie-cutter fare. If you're looking for something a bit more unique to Sterling Heights, check out Countryside Craft Mall and Antiques at Van Dyke Ave and 18 Mile Rd. Here you'll find hundreds of specialty shops run by independent and local dealers selling furniture, art, pottery and more.

Local Restaurants Sterling Heights has a number of stellar restaurants. Red Hot and Blue is perfect if you're craving the big hearty flavors synonymous with Southern hospitality, while Grand Azteca offers simple but satisfying Mexican dishes. These are both on Van Dyke Ave, and while there are enough restaurants on this road to keep you full all year round, if you venture into other parts of the city you'll be rewarded with some of the area's finest offerings. Lebanese restaurants are abundant in Sterling Heights, with La Saj on Southcove Drive being considered among the best, while for pasta or pizza you could try the great value Antonio's Italian Cuisine on E 14 Mile Rd.