Rent to own Homes in Lutsen, MN

Lutsen, MN is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Lutsen, 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 Lutsen, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 11 of 11
554 POPLAR RIVER RD
Rent to Own Eligible
 
Single Family Home
Lutsen, MN 55612
3
3
1883 ft2
1998
399 HONEYMOON TRL
Rent to Own Eligible
 
Single Family Home
Lutsen, MN 55612
2
2
1008 ft2
2001
New
4490 CASCADE BEACH RD
Rent to Own Eligible
 
Single Family Home
Lutsen, MN 55612
2
1
1684 ft2
1950
New
7192 W HIGHWAY 61 #41
Rent to Own Eligible
 
Single Family Home
Tofte, MN 55615
2
2
928 ft2
1987
New
2307 COUNTY ROAD 7
Rent to Own Eligible
 
Single Family Home
Grand Marais, MN 55604
3
3
1409 ft2
1984
2393 W HIGHWAY 61
Rent to Own Eligible
 
Single Family Home
Grand Marais, MN 55604
2
1
1080 ft2
2000
5863 HIGHWAY 1
Auction
 
Single Family Home
Silver Bay, MN 55614
3
2
1442 ft2
1995
New
1 of 16 5539 MIDBROD RD
Auction
 
Single Family Home
Silver Bay, MN 55614
2
1
1068 ft2
2002
New
29 BELL CIR
Auction
 
Single Family Home
Silver Bay, MN 55614
3
1
1428 ft2
1952
5273 W HIGHWAY 61
Rent to Own Eligible
 
Single Family Home
Lutsen, MN 55612
0
0
1120 ft2
1939
1024 DEVIL TRACK RD
Rent to Own Eligible
 
Townhouse/Condo
Grand Marais, MN 55604
0
2
2100 ft2
2011
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Buying a Home in Lutsen, MN

Lutsen, MN is seeing rapid growth and Lutsen, MN's' housing market remains not optimal with an average home price that is 15% above the 2024 national average. Lutsen, MN is part of Cook 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 Cook is 0.41% which is below the national average, which is 0.99%.

Median Home Price in Lutsen, MN

Median Rent in Lutsen, MN

Median rent data is currently unavailable.
Rent to own homes offer low monthly payments and flexible terms.