Rent to own Homes in Austin, MN

Home to creative minds like musicians John Maus and Neal Doughty of REO Speedwagon, and record store mogul and music composer Geordie Hormel, this small town in southeastern Minnesota was settled by weary travelers making their way across the country via wagon train. The area is named after these settlers, who planted roots near the Cedar River. Now home to Hormel headquarters and canned meat product SPAM, along with a museum dedicated to the flexible food, the town has grown and is often called Spam Town USA.

Austin, MN is a great place for affordable rent-to-own homes! With a median household income of over $48,730 and a median rent of $815, the Austin, MN 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 Austin, MN. 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 Austin, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1 of 14 224 W HOLLY ST
Rent To Own
 
Single Family Home
Owatonna, MN 55060
4
1
1133 ft2
1885
2400 13TH ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1040 ft2
1958
1 of 20 1901 11TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
3880 ft2
1960
1 of 23 1410 8TH AVE NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
5
1
2438 ft2
1917
New
800 17TH ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
2
1
1008 ft2
1950
New
608 6TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
5
3
1991 ft2
1939
404 6TH ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
3
1805 ft2
1921
1 of 101 2508 4TH AVE NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
4
6772 ft2
2002
New
1 of 20 1608 4TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1378 ft2
1947
Hot New
809 2ND AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
4
2240 ft2
1898
Hot New
705 21ST ST NE
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1248 ft2
1960
1403 21ST ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
3
2056 ft2
1936
1307 18TH DR NE
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
2
2
1292 ft2
2019
1 of 6 1519 5TH AVE NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
2
2816 ft2
1979
1 of 98 907 10TH ST NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
2256 ft2
1937
1 of 58 604 15TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
2016 ft2
1956
1 of 32 2704 9TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
5
4
3259 ft2
1999
1 of 44 1704 2ND ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
3
2360 ft2
2007
1 of 35 608 14TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
2
2544 ft2
1947
1 of 80 1007 2ND AVE NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
2019 ft2
1917
1807 11TH ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1070 ft2
1957
706 8TH AVE NW #4
Rent to Own Eligible
 
Townhouse/Condo
Austin, MN 55912
3
4
1790 ft2
1984
1 of 30 1007 8TH ST NW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
4
2
1414 ft2
1938
2008 6TH AVE NE
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1128 ft2
1953
1404 17TH AVE SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
4
1699 ft2
2002
1 of 14 2806 12TH ST SW
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
1
1196 ft2
1971
New
22895 STATE HIGHWAY 56
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
3
1512 ft2
1974
New
16651 520TH AVE
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
2
1732 ft2
1926
89610 240TH ST
Rent to Own Eligible
 
Single Family Home
Austin, MN 55912
3
3
1336 ft2
1978
1 of 68 636 E MAIN ST
Rent to Own Eligible
 
Single Family Home
Blooming Prairie, MN 55917
5
2
3000 ft2
1976
1 of 71 429 1ST ST NW
Rent to Own Eligible
 
Single Family Home
Blooming Prairie, MN 55917
4
2
2392 ft2
1969
New
640 2ND ST NE
Rent to Own Eligible
 
Single Family Home
Blooming Prairie, MN 55917
3
2
4678 ft2
1890
1 of 70 111 NW BERGEN ST
Rent to Own Eligible
 
Single Family Home
Adams, MN 55909
4
2
2269 ft2
1906
New
218 2ND ST SE
Rent to Own Eligible
 
Single Family Home
Geneva, MN 56035
3
2
2311 ft2
1965
New
69605 270TH ST
Rent to Own Eligible
 
Single Family Home
Grand Meadow, MN 55936
2
1
1436 ft2
1890
New
27496 DODGE MOWER RD
Rent to Own Eligible
 
Single Family Home
Sargeant, MN 55973
3
2
2086 ft2
1935
17970 780TH AVE
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
2
1
1683 ft2
1885
1 of 43 1709 OAKWOOD TER
Rent to Own Eligible
 
Single Family Home
Albert Lea, MN 56007
3
1
1560 ft2
1959
1 of 18 511 3RD ST
Rent to Own Eligible
 
Single Family Home
Claremont, MN 55924
3
1
2446 ft2
1972
324 E FOUNTAIN ST
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
4
1
1992 ft2
1955
New
1206 VIRGINIA PL
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
4
1
1664 ft2
1961
New
212 N Broadway Ave
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
2
2
1785 ft2
1991
New
212 N BROADWAY AVE #C-3
Rent to Own Eligible
 
Townhouse/Condo
Albert Lea, MN 56007
2
1
1785 ft2
1991
1 of 62 7077 VALLEY DR SW
Rent to Own Eligible
 
Single Family Home
Byron, MN 55920
4
2
2694 ft2
2003
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Buying a Home in Austin, MN

Austin, MN is seeing rapid growth and Austin, MN's' housing market remains optimal with an average home price that is -48% below the 2024 national average. Austin, MN is part of Mower 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 Mower is 0.87% which is below the national average, which is 0.99%.

Median Home Price in Austin, MN

Median Rent in Austin, MN

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

Top 7 Reasons to Live in Austin, MN

Brush up on local lore! Learn about the family that played a part in the town's success by visiting the Hormel Historic Home. Tours are provided, and special events are held in the house or in the gardens. For a peek into the past, tour 16 homes at the Mower County Historical Society and view exhibits that give visitors an idea what it was like to live in the area ages ago.

Large homes, low costs! Rent to own houses in the Austin Acres neighborhood typically have three to five bedrooms, and the median cost is $183,654, lower than 48.1 percent of towns statewide. Residents have easy access to Interstate 90 and Turtle Creek, which offers fishing for walleye and largemouth bass.

The arts, at your fingertips! Whether you like to visit the galleries or try a hands-on approach to pottery, painting, and woodwork, ArtWorks Center has you covered. Hanging exhibits and wares mingle with art space, and locals can take courses and create handmade artwork. Swing by the Coffee House On Main and pick up a beverage to serve as your creative muse for the day.

Affordable rentals! Seek solace in Rose Creek or Brownsdale, where average monthly rental costs are $435, lower than 94.7 percent of Minnesota neighborhoods. You'll find smaller single-family units available. Residents can enjoy the Jay C. Hormel Nature Center, which offer hiking trails and cross country skiing. The Old Mill Restaurant, with riverside views, craft beer, and great prime rib, is nearby.

Unwind and pamper! When locals need a refresher they head to Healing Palms Spa, offering customized massage work, detoxification programs, and cleansing. Once relaxed, head to The Edge Salon to tackle unruly ends and jazz up a dull hair style.

Eat sustainable! Residents support area agriculture by shopping at the Austin Area Farmers Market. Vendors include Otter Creek Ranch and Sister Moon Herbals.

Raise a glass with friends! When you need liquid refreshments, hunker down at area favorites like the Windrift Lounge or B&J Bar.