Rent to own Homes in Rice Lake, MN

Rice Lake, MN is a great place for affordable rent-to-own homes! With a median household income of over $78,795 and a median rent of $1,123, the Rice Lake, 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 Rice Lake, 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 Rice Lake, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 116
New
39878 BALD EAGLE HAVEN RD
Rent to Own Eligible
 
Single Family Home
Waubun, MN 56589
5
3
2196 ft2
2006
315 9TH ST NW
Rent to Own Eligible
 
Single Family Home
Fosston, MN 56542
5
2
1672 ft2
1994
1 of 203 31461 COUNTY HIGHWAY 35
Rent to Own Eligible
 
Single Family Home
Ponsford, MN 56575
3
1
3724 ft2
2003
Hot
37105 BRIETBACH RD
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
3
2
2736 ft2
1992
1 of 35 7200 NORTHWOOD RD NW
Rent to Own Eligible
 
Single Family Home
Solway, MN 56678
2
1
1200 ft2
1993
1 of 14 423 E JEFFERSON AVE
Rent to Own Eligible
 
Single Family Home
Mahnomen, MN 56557
4
1
1338 ft2
701 E GRANT AVE
Rent to Own Eligible
 
Single Family Home
Mahnomen, MN 56557
3
1
1204 ft2
616 2ND ST NW
Rent to Own Eligible
 
Single Family Home
Mahnomen, MN 56557
2
1
720 ft2
316 W MONROE AVE
Rent to Own Eligible
 
Single Family Home
Mahnomen, MN 56557
3
1
1 ft2
1 of 19 407 W GARFIELD AVE
Rent to Own Eligible
 
Single Family Home
Mahnomen, MN 56557
2
1
728 ft2
1 of 16 419 W MONROE AVE
Rent to Own Eligible
 
Single Family Home
Mahnomen, MN 56557
3
1
1220 ft2
New
24557 WALDEN RD
Rent to Own Eligible
 
Single Family Home
Rochert, MN 56578
3
2
3206 ft2
2006
1 of 77 10792 IMPRESSION RD
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
2
1
1273 ft2
1957
New
25948 PRESIDENT DR NW
Rent to Own Eligible
 
Single Family Home
Shevlin, MN 56676
3
1
1232 ft2
1991
New
12187 ISLAND LAKE DR
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
2
2
1904 ft2
2010
26301 US 71
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
3
2
1422 ft2
1958
New
2965 MILLER RD SW
Rent to Own Eligible
 
Single Family Home
Bemidji, MN 56601
2
1
960 ft2
1986
25427 260TH AVE
Rent to Own Eligible
 
Single Family Home
Callaway, MN 56521
2
2
1132 ft2
1915
34305 OAK LAKE CIR SE
Rent to Own Eligible
 
Single Family Home
Erskine, MN 56535
3
4
4120 ft2
2016
New
1 of 21 37840 185TH AVE
Rent to Own Eligible
 
Single Family Home
Lake George, MN 56458
2
1
1392 ft2
1950
7514 GRANGE RD NW
Rent to Own Eligible
 
Single Family Home
Bemidji, MN 56601
2
1
1344 ft2
2008
21134 FINCH DR
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
1
1
576 ft2
1990
20244 COUNTY HIGHWAY 29
Rent to Own Eligible
 
Single Family Home
Rochert, MN 56578
4
3
2118 ft2
2002
610 SCHROEDER RD NW
Rent to Own Eligible
 
Single Family Home
Bemidji, MN 56601
3
2
1782 ft2
2018
New
20434 TIEDEMAN RD
Rent to Own Eligible
 
Single Family Home
Rochert, MN 56578
2
2
1196 ft2
1948
New
5889 SULLIVAN DR NW
Rent to Own Eligible
 
Single Family Home
Bemidji, MN 56601
3
2
1680 ft2
2017
New
31576 SW PICKEREL LAKE RD
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
4
2
1792 ft2
2002
201 LITTLE FIELD CT SW
Rent to Own Eligible
 
Single Family Home
Bemidji, MN 56601
2
3
1844 ft2
1998
New
23589 GREAT RIDGE TRL
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
2
1
792 ft2
1990
20647 DUERR CIR SE
Rent to Own Eligible
 
Single Family Home
Erskine, MN 56535
3
3
2880 ft2
2017
New
324 ADAMS AVE NW
Rent to Own Eligible
 
Single Family Home
Bemidji, MN 56601
3
1
1250 ft2
1801
21168 KLEIN RD
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
5
2
1920 ft2
1993
50501 180TH ST
Rent to Own Eligible
 
Single Family Home
Osage, MN 56570
3
3
3864 ft2
2017
28021 COUNTY 4
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
2
1
1432 ft2
1977
New
28040 ANCHOR RD
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
3
2
1670 ft2
1990
24886 HOOLIGAN DR
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
2
1
1358 ft2
1964
New
29182 STATE HIGHWAY 34
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
2
2
2863 ft2
1980
New
28774 STATE HIGHWAY 34
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
4
2
2384 ft2
1957
1105 Sunset Loop
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
3
2
1400 ft2
2003
1 of 36 1015 Sunset Loop
Rent to Own Eligible
 
Townhouse/Condo
Park Rapids, MN 56470
3
2
1644 ft2
2005
1 of 56 118 WASHINGTON AVE N
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
1
1
4008 ft2
1982
506 GROVE AVE N
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
2
2
1144 ft2
1997
New
303 GROVE AVE N
Rent to Own Eligible
 
Single Family Home
Park Rapids, MN 56470
3
1
1811 ft2
2005
New
17247 HIGHLAND DR
Rent to Own Eligible
 
Single Family Home
Detroit Lakes, MN 56501
2
1
1011 ft2
1963
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Buying a Home in Rice Lake, MN

Rice Lake, MN is seeing rapid growth and Rice Lake, MN's' housing market remains optimal with an average home price that is -1% below the 2024 national average. Rice Lake, MN is part of Clearwater 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 Clearwater is 0.92% which is below the national average, which is 0.99%.

Median Home Price in Rice Lake, MN

Median Rent in Rice Lake, MN

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