Rent to own Homes in Reno, NV

Reno is one of the real estate markets leading a nationwide housing recovery. The second quarter of 2013 saw Reno's median list price up 35 percent and inventory down 18 percent from the same period last year. The surge actually has builders racing to find new land for projects. New home starts year-over-year are up 118 percent and, quarter-over-quarter, are surging a whopping 224 percent, signaling a market that is rapidly heating up. The median listing price is at $249,000, and home ownership is 72.8 percent, well above the national average. Reno, along with the entire state, is struggling with unemployment rates that are among the highest in the nation. Credit concerns have many potential buyers looking at rent to own housing. The Reno rental market fared reasonably well when real estate tanked. Average rents hovered near $820 for the past four years while vacancy rates dropped to under 7 percent.

Reno, NV is a great place for affordable rent-to-own homes! With a median household income of over $61,860 and a median rent of $1,107, the Reno, NV 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 Reno, NV. 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 Reno, NV rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
3005 HOMEWOOD DR
Rent To Own
West Plumb Cashill Boulevard
Single Family Home
Reno, NV 89509
4
3
2729 ft2
1979
661 OAKWOOD DR #3
Rent To Own
Mccarran Boulevard Probasco Way
Townhouse/Condo
Sparks, NV 89431
2
1
882 ft2
1972
1 of 60 1530 S MARSH AVE
Rent To Own
Idlewild Park
Single Family Home
Reno, NV 89509
4
2
2348 ft2
1982
New
1 of 15 3910 Clear Acre Ln
Rent to Own Eligible
 
Townhouse/Condo
Reno, NV 89512
1
1
665 ft2
1979
1 of 45 2300 DICKERSON RD
Rent to Own Eligible
Mountain View Cemetery
Townhouse/Condo
Reno, NV 89503
2
2
1195 ft2
1974
7817 ANCHOR POINT DR
Rent to Own Eligible
Stead
Single Family Home
Reno, NV 89506
3
2
1254 ft2
1995
1220 LAREDO CT
Rent to Own Eligible
Kings Row
Townhouse/Condo
Reno, NV 89503
2
2
1343 ft2
1973
1 of 72 11403 ROCKY MOUNTAIN ST
Rent to Own Eligible
Stead
Single Family Home
Reno, NV 89506
3
1
1192 ft2
1950
1 of 37 17832 BEAR RIVER CT
Rent to Own Eligible
Woodland Village
Single Family Home
Reno, NV 89508
3
2
1457 ft2
2000
New
5202 ECHO AVE
Rent to Own Eligible
Stead
Single Family Home
Reno, NV 89506
2
2
1016 ft2
1978
New
8230 BIG RIVER DR
Rent to Own Eligible
Stead
Single Family Home
Reno, NV 89506
3
2
1333 ft2
1999
New
1 of 38 17781 BUCKSHOT CT
Rent to Own Eligible
Woodland Village
Single Family Home
Reno, NV 89508
3
2
1624 ft2
2001
New
6850 SHARLANDS AVE #2136
Rent to Own Eligible
Sharlands
Townhouse/Condo
Reno, NV 89523
2
2
930 ft2
2001
New
6735 PEPPERMINT DR
Rent to Own Eligible
Stead
Townhouse/Condo
Reno, NV 89506
3
2
1080 ft2
1978
3250 PIERREMONT RD
Rent to Own Eligible
Sierra Heights
Single Family Home
Reno, NV 89503
3
2
1896 ft2
1964
6920 FORSYTHIA WAY
Rent to Own Eligible
Stead
Single Family Home
Reno, NV 89506
3
3
1568 ft2
1986
2385 TRIPP DR #A3U
Rent to Own Eligible
Northeast Reno
Townhouse/Condo
Reno, NV 89512
2
2
919 ft2
1983
4669 REGGIE RD
Rent to Own Eligible
Donner Springs
Townhouse/Condo
Reno, NV 89502
1
1
568 ft2
1984
255 N SIERRA ST #1207
Rent to Own Eligible
Downtown Reno
Townhouse/Condo
Reno, NV 89501
1
1
805 ft2
1978
7680 BLUESTONE DR
Rent to Own Eligible
Double R Boulvard
Townhouse/Condo
Reno, NV 89511
1
1
665 ft2
1986
1 of 27 4628 KATHLEEN DENISE LN
Rent to Own Eligible
North Virginia Socrates
Townhouse/Condo
Reno, NV 89503
2
3
1228 ft2
2005
3923 CLEAR ACRE LN #184
Rent to Own Eligible
 
Townhouse/Condo
Reno, NV 89512
2
1
963 ft2
1979
3951 Clear Acre Ln
Rent to Own Eligible
 
Townhouse/Condo
Reno, NV 89512
1
1
665 ft2
1979
18653 VILLAGE CENTER DR
Rent to Own Eligible
 
Townhouse/Condo
Reno, NV 89508
3
3
1628 ft2
2023
New
18643 VILLAGE CENTER DR
Rent to Own Eligible
 
Townhouse/Condo
Reno, NV 89508
2
3
1628 ft2
2023
New
4622 RIO POCO RD
Rent to Own Eligible
Donner Springs
Townhouse/Condo
Reno, NV 89502
1
1
578 ft2
1982
New
490 HIGHLAND AVE
Rent to Own Eligible
 
Townhouse/Condo
Reno, NV 89512
1
1
765 ft2
1986
100 N ARLINGTON AVE #6K
Rent to Own Eligible
Downtown Reno
Townhouse/Condo
Reno, NV 89501
2
2
1144 ft2
1966
200 TALUS WAY #102
Rent to Own Eligible
North Virginia Socrates
Townhouse/Condo
Reno, NV 89503
2
2
951 ft2
2004
6850 SHARLANDS AVE #2085
Rent to Own Eligible
Sharlands
Townhouse/Condo
Reno, NV 89523
3
2
1114 ft2
2001
1 of 130 255 N SIERRA ST
Rent to Own Eligible
Downtown Reno
Townhouse/Condo
Reno, NV 89501
1
1
786 ft2
1978
1 of 15 2955 Lakeside Dr
Rent to Own Eligible
Virginia Lake
Townhouse/Condo
Reno, NV 89509
2
1
849 ft2
1979
18635 VILLAGE CENTER DR
Rent to Own Eligible
 
Townhouse/Condo
Reno, NV 89508
2
3
1628 ft2
2023
18639 VILLAGE CENTER DR
Rent to Own Eligible
 
Townhouse/Condo
Reno, NV 89508
2
3
1628 ft2
2023
2750 PLUMAS ST #207
Rent to Own Eligible
Virginia Lake
Townhouse/Condo
Reno, NV 89509
1
1
734 ft2
1978
1 of 35 11750 SITKA ST
Rent to Own Eligible
North Valleys
Single Family Home
Reno, NV 89506
3
2
1532 ft2
1978
1 of 49 13642 MOUNT SHASTA ST
Rent to Own Eligible
Stead
Single Family Home
Reno, NV 89506
3
1
1192 ft2
1958
1 of 46 20924 WHITE ROCK DR
Rent to Own Eligible
 
Single Family Home
Reno, NV 89508
3
2
1170 ft2
1998
6850 SHARLANDS AVE #1091
Rent to Own Eligible
Sharlands
Townhouse/Condo
Reno, NV 89523
3
2
1114 ft2
2001
713 VALMY DR
Rent to Own Eligible
North Valleys
Single Family Home
Reno, NV 89506
2
1
1092 ft2
2021
1 of 51 147 VISTA RAFAEL PKWY
Rent to Own Eligible
North Virginia Socrates
Townhouse/Condo
Reno, NV 89503
1
1
840 ft2
1979
280 ISLAND AVE #1105
Rent to Own Eligible
Downtown Reno
Townhouse/Condo
Reno, NV 89501
1
2
965 ft2
1961
8521 CORRIGAN WAY
Rent to Own Eligible
Stead
Single Family Home
Reno, NV 89506
3
2
1566 ft2
1986
8631 BEECHCRAFT DR
Rent to Own Eligible
Stead
Single Family Home
Reno, NV 89506
3
2
1266 ft2
1993
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Buying a Home in Reno, NV

Reno, NV is seeing rapid growth and Reno, NV's' housing market remains not optimal with an average home price that is 66% above the 2024 national average. Reno, NV is part of Washoe 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 Washoe is 0.64% which is below the national average, which is 0.99%.

Median Home Price in Reno, NV

Median Rent in Reno, NV

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

Local Restaurants For decades, Reno was known for cheap eats. A breakfast for 99 cents, prime rib for $3.99 and inexpensive buffets lured travelers and gamblers. Recently, the city has made a mark with foodies as new upscale bistros begin to attract national attention. The Riverwalk, Virginia Street, and a re-invigorated downtown are witnessing a change in the perceptions of dining in Reno. Lulou's, on South Virginia Street, features fusion delights that surprise and excite. The Atlantis Steakhouse at Atlantis Casino is emerging as a standout steak joint. Still, longtime residents and tourist in the know have known for some time that Reno has great food. The three locations of Peg's Glorified Ham n Eggs serve the epitome of the all-American breakfast. Winning "Best Breakfast in Reno" honors for 11 years running and being named the "Best Breakfast in America" by Esquire in 2007 are just some of the honors garnered by Peg's. Reno has been home to awesome Italian and Basque restaurants for decades. If you haven't sampled Basque fare, you are in for a treat. Try Louis' Basque Corner or Basque Family Style Dining in the Santa Fe Hotel. Lake Tahoe is graced with fine establishments like Manzanita at the Ritz-Carlton Highlands and Moody's Bistro.

Local Sports Reno has numerous opportunities for sports fans that go beyond the casino sports book. The Reno Aces are an AAA baseball club affiliated with the Arizona Diamondbacks. They play in the Pacific Coast League and won the Triple-A title in 2012. The Reno Bighorns play in the NBA D-League. The University of Nevada-Reno (UNR) offers quality college sports programs. They are more well known these days, thanks to former Wolf Pack QB Colin Kaepernick making waves with the San Francisco 49ers. The annual Reno-Tahoe Open is the only PGA event in northern Nevada. Reno is home to exceptional sports that are a bit different as well. The Reno Air Races is the premier aircraft racing event in America. Camel races in nearby Virginia City are fun for the whole family. All the excellent skiing and snowboarding near Lake Tahoe make for great recreational opportunities as well as host sites for top-level competitions. Mountain biking, rock climbing, horseback riding, and snowshoeing are other popular outdoor activities.

Reno Neighborhoods Reno has pricey golf course and riverside developments, affordable family areas, hip urban lofts, and retirement neighborhoods. Nearby cities like Sparks, Gardnerville, Carson City, and Virginia City have options for people who don't mind commuting. For those looking to stay in Reno, here are a few options: