Rent to Own Homes in Warren, MI

About four miles west of Lake St. Clair, you'll find Warren, which is Michigan's third largest city and the largest of Detroit's suburbs. The area, which was first settled in 1830, enjoys a number of recognized historical landmarks, including the Detroit Arsenal Tank Plant. The city is also where rapper Eminem went to high school.

Warren, MI is a great place for affordable rent-to-own homes! With a median household income of over $51,796 and a median rent of $962, the Warren, 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 Warren, 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 Warren, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
13057 Prospect Ave
2 Beds, 1 Bath
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
696 Sqft | Built in 1952
1 of 8 625 Vanderpool Dr
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Troy, MI 48083
1,754 Sqft | Built in 1969
1 of 34 350 N Main St #612
2 Beds, 2 Baths
Rent To Own
Downtown Royal Oak
Townhouse/Condo
Royal Oak, MI 48067
1,089 Sqft | Built in 2006
1 of 12 3290 Calvert Avenue # 4
1 Bed, 2 Baths
Rent To Own
Durfee
Townhouse/Condo
Detroit, MI 48206
2,816 Sqft | Built in 1924
1 of 12 3290 Calvert Avenue # 8
1 Bed, 2 Baths
Rent To Own
Durfee
Townhouse/Condo
Detroit, MI 48206
2,816 Sqft | Built in 1924
1 of 18 3290 Calvert Street # 7
1 Bed, 2 Baths
Rent To Own
Durfee
Townhouse/Condo
Detroit, MI 48206
2,816 Sqft | Built in 1924
1002 Mahaffey Ave
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Rochester, MI 48307
1,017 Sqft | Built in 1958
7274 Lamphere St
2 Beds, 1 Bath
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
748 Sqft | Built in 1949
Rent to own homes offer low monthly payments and flexible terms
25404 Hanover St
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
1,344 Sqft | Built in 1940
New
1 of 64 1101 Clute Ct
5 Beds, 3 Baths
Rent To Own
 
Single Family Home
Lake Orion, MI 48362
2,947 Sqft | Built in 1935
1 of 2 1375 Red Barn Dr
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Oxford, MI 48371
1,028 Sqft | Built in 1966
Hot
1 of 14 525 Maloney St
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Oxford, MI 48371
2,519 Sqft | Built in 1977
1442 Riley Center Rd
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Riley, MI 48041
1,776 Sqft | Built in 1991
4652 Allore Rd
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Newport, MI 48166
816 Sqft | Built in 1950
8900 E Jefferson Ave Apt 718
1 Bed, 1 Bath
Rent To Own
Belle Isle
Single Family Home
Detroit, MI 48214
600 Sqft | Built in 1966
1 of 10 29895 Foxrun Circle
3 Beds, 2 Baths
Rent To Own
Northwest Warren
Multifamily (2 - 4 Units)
Warren, MI 48092
1,511 Sqft | Built in 2013
1 of 10 31340 Lyons Cirlce E
3 Beds, 1.5 Bath
Rent To Own
Northwest Warren
Multifamily (2 - 4 Units)
Warren, MI 48092
1,075 Sqft | Built in 1955
23329 Willard Ave
3 Beds, 1 Bath
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
1,170 Sqft | Built in 1938
1 of 7 30997 Boewe Dr
3 Beds, 1.5 Bath
Rent To Own
Northwest Warren
Single Family Home
Warren, MI 48092
1,340 Sqft | Built in 1964
1 of 10 7547 Stephens
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Center Line, MI 48015
672 Sqft | Built in 1922
1 of 41 3985 Elvera Ln
2 Beds, 2 Baths
Rent To Own
Northwest Warren
Townhouse/Condo
Warren, MI 48092
1,222 Sqft | Built in 2002
1 of 18 21915 Cyman Ave
3 Beds, 1 Bath
Rent To Own
Southwest Warren
Single Family Home
Warren, MI 48091
1,454 Sqft | Built in 1949
Hot
1 of 18 23822 Wellington Ave
3 Beds, 1.5 Bath
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
1,768 Sqft | Built in 1954
1 of 13 7284 Orchard Ave
3 Beds, 1 Bath
Rent To Own
Southwest Warren
Single Family Home
Warren, MI 48091
1,155 Sqft | Built in 1940
1 of 8 25112 Dale St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roseville, MI 48066
994 Sqft | Built in 1925
Hot
1 of 31 35128 Brighton Dr
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
1,920 Sqft | Built in 1989
1 of 12 26700 Grandmont St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roseville, MI 48066
1,392 Sqft | Built in 1951
1 of 14 420 E Meyers Ave
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Hazel Park, MI 48030
2,010 Sqft | Built in 1947
1 of 12 8825 Sunrise Dr
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Sterling Heights, MI 48312
840 Sqft | Built in 1973
1 of 16 16767 Lincoln Ave
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Eastpointe, MI 48021
1,336 Sqft | Built in 1951
1 of 11 2717 Roundtree Dr
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Troy, MI 48083
937 Sqft | Built in 1973
1 of 45 28828 Hillview St
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roseville, MI 48066
1,008 Sqft | Built in 1924
Hot
21474 Kelly Rd
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Eastpointe, MI 48021
1,436 Sqft | Built in 1940
1 of 18 18338 Bittersweet
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Fraser, MI 48026
1,924 Sqft | Built in 1971
1 of 15 2237 Purcell Dr
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
1,609 Sqft | Built in 1977
1 of 23 131 N Vermont Ave
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Royal Oak, MI 48067
1,000 Sqft | Built in 1948
1 of 70 14984 River View Ct
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Sterling Heights, MI 48313
2,528 Sqft | Built in 1994
1 of 7 19536 Ridgemont St
2 Beds, 1.5 Bath
Rent To Own
 
Townhouse/Condo
St. Clair Shores, MI 48080
1,114 Sqft | Built in 1973
1 of 14 18951 Meier St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roseville, MI 48066
1,132 Sqft | Built in 1940
1 of 18 1007 E 2nd St
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Royal Oak, MI 48067
1,243 Sqft | Built in 1929
1 of 23 427 Laprarie St.
3 Beds, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Ferndale, MI 48220
1,125 Sqft | Built in 1941
1 of 6 627 Golf Ave
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Royal Oak, MI 48073
1,421 Sqft | Built in 1975
1 of 18 19 Woodward Hts. Blvd.
4 Beds, 3 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Pleasant Ridge, MI 48069
2,014 Sqft | Built in 1940
Hot
1 of 2 21604-21608 Moross
4 Beds, 2 Baths
Rent To Own
Finney
Single Family Home
Detroit, MI 48236
1,700 Sqft
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Buying a Home in Warren, MI

Warren, MI is seeing rapid growth and Warren, MI's' housing market remains optimal with an average home price that is -39% below the 2022 national average. Warren, 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 2022 for county Macomb is 1.74% which is above the national average, which is 0.99%.

Median Home Price in Warren, MI

Median Rent in Warren, MI

Rent to own homes offer low monthly payments and flexible terms

Top Reasons to Live in Warren MI

Housing Statistics Warren has a relatively low annual residential turnover rate (9 percent) and a low vacancy rate (7.5 percent), which can make finding a place to live more difficult or purchasing rent to own houses pricier here than elsewhere. Despite the low number of houses available, median and average sales price have remained stable over the past year, at $73,000 and $78,000. Of the residential properties that are occupied, 66 percent of homes are owned and 27 percent are rented (including rent to own homes).

Nightlife A night spent at Kuhnhenn Brewing is a guaranteed good time for most of the people living in Warren. The beer might be pricey, but the high quality of these craft beers and the fun and friendly atmosphere created by the live music makes it all worth it. Is it the best beer in town? That'll be up for debate as long as Schornat's Basement Bar and Beer are in business. Meanwhile, karaoke fans can head to Tipsy McStaggers to show off their pipes and enjoy cheap drinks.

Local Restaurants Warren has many restaurants, serving everything from Chinese and Mexican to Indian and Thai. The Italian fare available at Andiamo Italia on 14 Mile Rd is delicious, as are the kabobs at Oasis Mediterranean Cuisine. For a great brunch experience, head to Michelle's Restaurant for a scrumptious breakfast buffet.

Transportation and Commutes There isn't much public transportation in Warren so having a car here is essential. The average commute to work takes about 26 minutes, which just so happens to be the national average. Roughly 9 percent of people carpool to work, with the remaining 91 percent driving alone. Interstate 696 runs horizontally through the middle of Warren; traveling east it joins Interstate 94, while going west brings you to Interstate 75, taking you into Detroit. The famous 8 Mile Road, the namesake of Eminem's pseudo-biopic, runs along the south of the city's border.

School System No matter where you send your kids to school, they'll be well taken care of. All of the public schools in the area are very highly rated, including Fitzgerald Public Schools, Van Dyke Public Schools and Warren Woods Public School. A further three school districts - Center Line Public Schools, East Detroit Public Schools and Warren Consolidated Schools - oversee schools in Sterling Heights, Troy and Eastpointe as well as Warren. Five secondary schools serve Warren while another two, Center Line High School and East Detroit High School, also take students from the city. If you're looking to privately educate your children though, you have just one choice - De La Salle Collegiate High School for boys and Regina High School for girls.

Warren, MI Frequently Asked Questions

Warren, MI has a walk score of

Warren, 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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