Rent to own Homes in Philadelphia, PA

William Penn established the British colony of Pennsylvania, with Philadelphia as its capital, in 1682. His goal was to create an area free of religious persecution where all are welcome. Indeed, known as the City of Brotherly Love, Philadelphia still has a friendly, inclusive environment nearly 340 years later. With more than 1.5 million residents, it now has the sixth-highest population among U.S. cities and encompasses an area of 134.1 square miles.

There are many jobs available in and near Philadelphia. The primary industries in the area include financial and professional, energy, information technology, innovation and entrepreneurship, life sciences, logistics, and manufacturing. Major corporations such as Comcast Corp., Aramark, FMC, Urban Outfitters, and Carpenter Technology are Philly based. Large companies in the vicinity of Philadelphia include Penn Mutual Life Insurance, Universal Health Services, Air Products and Chemicals Inc., Church and Dwight, American Water Works, Penn National Gaming, and dozens more.

Philadelphia, PA is a great place for affordable rent-to-own homes! With a median household income of over $49,127 and a median rent of $1,084, the Philadelphia, PA 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 Philadelphia, PA. 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 Philadelphia, PA rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
1104 PRINCESS RD
Rent To Own
Ellisburg
Single Family Home
Cherry Hill, NJ 08034
4
3
2497 ft2
1967
1 of 47 2401 Pennsylvania Ave
Rent To Own
Fairmount - Art Museum
Townhouse/Condo
Philadelphia, PA 19130
2
1
448 ft2
1960
356 E WISTER ST
Rent To Own
East Germantown
Townhouse/Condo
Philadelphia, PA 19144
3
1
1180 ft2
1920
3612 N PERCY ST
Rent To Own
North Philadelphia East
Townhouse/Condo
Philadelphia, PA 19140
3
1
1180 ft2
1940
2942 KINSMAN CT
Rent To Own
Neshaminy Valley
Townhouse/Condo
Bensalem, PA 19020
3
1
1094 ft2
1975
Chinquapin Rd
Rent To Own
 
Single Family Home
Southampton, PA 18966
5
2
2708 ft2
101 MARPLE RD
Rent To Own
 
Single Family Home
Haverford, PA 19041
4
5
4197 ft2
1940
Hot
436 W 21ST ST
Rent To Own
Edgemont Park
Single Family Home
Chester, PA 19013
3
1
1152 ft2
1950
1124 Putnam Blvd
Rent To Own
 
Single Family Home
Wallingford, PA 19086
3
3
2480 ft2
1987
14 PINE ACRES DR
Rent To Own
 
Single Family Home
Medford, NJ 08055
5
4
3847 ft2
2005
Hot
1 of 13 989 EASTON RD
Rent To Own
 
Single Family Home
Warrington, PA 18976
4
3
2300 ft2
1963
1 of 5 2 LOBBS LN
Rent To Own
 
Single Family Home
Devon, PA 19333
6
3
2804 ft2
1900
3463 York Rd
Rent To Own
 
Single Family Home
Furlong, PA 18925
3
1
1497 ft2
1925
1 of 5 141 MORAVIAN CHURCH RD
Rent To Own
 
Single Family Home
Swedesboro, NJ 08085
5
3
3736 ft2
1970
Hot
142 S ROUTE 73
Rent To Own
 
Single Family Home
Hammonton, NJ 08037
1
1
1100 ft2
1934
Hot
116 CLOVER ST
Rent To Own
 
Single Family Home
Mount Holly, NJ 08060
4
2
1426 ft2
1945
552 CLYDESDALE DR
Rent To Own
 
Single Family Home
New Hope, PA 18938
4
3
2620 ft2
1995
7 DELEVAN ST
Rent To Own
 
Single Family Home
Lambertville, NJ 08530
2
3
2000 ft2
2022
1 of 24 148 S MAIN ST
Rent To Own
Dublin
Single Family Home
Dublin, PA 18917
3
2
2043 ft2
1929
167 PORTSMOUTH CIR
Rent To Own
 
Single Family Home
Glen Mills, PA 19342
3
5
8450 ft2
2002
209 Eastlwn Avenue
Rent To Own
Eastlawn
Single Family Home
Wilmington, DE 19802
2
4
0 ft2
1987
Hot
1 of 6 143 CRICKET DR
Rent To Own
 
Townhouse/Condo
Malvern, PA 19355
4
4
2320 ft2
2017
Lease Purchase - Fully Remodeled 1213 D St
Rent To Own
South Wilmington
Single Family Home
Wilmington, DE 19801
4
2
0 ft2
1 of 17 4 WATER ST
Rent To Own
Pennsville
Single Family Home
Pennsville, NJ 08070
4
2
2133 ft2
1986
1 of 9 216 S CONNELL ST
Rent To Own
Browntown
Single Family Home
Wilmington, DE 19805
3
1
1080 ft2
1940
16 E. Cedar St
Rent To Own
 
Single Family Home
Wilmington, DE 19805
3
2
0 ft2
1976 Northeast Ave LOT 4
Rent To Own
 
Single Family Home
Vineland, NJ 08360
3
2
1848 ft2
2022
17 GEORGETOWN CT
Rent To Own
 
Single Family Home
Allentown, NJ 08501
3
4
3884 ft2
2003
Fairview Manor, Fairview Manor
Rent To Own
 
Single Family Home
Vineland, NJ 08360
3
1
900 ft2
2022
1 of 25 26 MACKAY LN
Rent To Own
Brookside Park
Single Family Home
Newark, DE 19713
4
2
1340 ft2
1954
2127 W GORDON ST
Rent To Own
 
Single Family Home
Allentown, PA 18104
4
2
1928 ft2
1925
Hot
1537 W TILGHMAN ST
Rent To Own
Allentown City Historic District
Townhouse/Condo
Allentown, PA 18102
3
2
1267 ft2
1916
32 MIDDLE WALLOP RD
Rent To Own
Glasgow
Single Family Home
Bear, DE 19701
4
1
1325 ft2
1985
529 MIDDLESEX DR
Rent To Own
 
Single Family Home
Middletown, DE 19709
4
6
3755 ft2
2007
Hot
1 of 15 6 HIGHLAND AVE
Rent To Own
 
Single Family Home
Piscataway, NJ 08854
5
4
3270 ft2
1985
Hot New
413 E UPSAL ST
Rent to Own Eligible
East Mount Airy
Townhouse/Condo
Philadelphia, PA 19119
3
1
1050 ft2
1925
8523 FAYETTE ST
Rent to Own Eligible
Cedarbrook - Stenton
Townhouse/Condo
Philadelphia, PA 19150
3
2
1164 ft2
1950
New
1 of 26 1162 E VERNON RD
Rent to Own Eligible
Cedarbrook - Stenton
Townhouse/Condo
Philadelphia, PA 19150
3
2
1176 ft2
1950
New
935 E MCPHERSON ST
Rent to Own Eligible
Cedarbrook - Stenton
Townhouse/Condo
Philadelphia, PA 19150
3
1
1502 ft2
1950
335 E SHARPNACK ST
Rent to Own Eligible
East Mount Airy
Townhouse/Condo
Philadelphia, PA 19119
3
1
1252 ft2
1925
8332 FORREST AVE
Rent to Own Eligible
Cedarbrook - Stenton
Townhouse/Condo
Philadelphia, PA 19150
3
1
1142 ft2
1950
1339 E MOUNT PLEASANT AVE
Rent to Own Eligible
Cedarbrook - Stenton
Townhouse/Condo
Philadelphia, PA 19150
3
2
1426 ft2
1950
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Buying a Home in Philadelphia, PA

Philadelphia, PA is seeing rapid growth and Philadelphia, PA's' housing market remains optimal with an average home price that is -21% below the 2024 national average. Philadelphia, PA is part of Philadelphia 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 Philadelphia is 0.91% which is below the national average, which is 0.99%.

Median Home Price in Philadelphia, PA

Median Rent in Philadelphia, PA

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

Average Cost of Living in Philadelphia

People generally expect expenses to be high in and around a big city. Surprisingly, the overall cost of living in Philadelphia is only 1.2% higher than the United States average and 8.7% higher than average for Pennsylvania. Neighboring Ardmore is 16.2% higher than Philadelphia, while Darby is 12.5% lower. For a city of its size, Philadelphia has a very affordable cost of living.

Average Home Prices in Philadelphia

Housing prices in the city are equally as surprising. The median cost of a home in Philadelphia is $153,400, which is around $20,000 cheaper than the state average of $173,700 and nearly $80,000 less than the national average of $231,200. You'll pay only $80,800 for a house in Darby, but it's a smaller, quieter town with less to offer. The price tag for a home in Ardmore is $328,200, nearly $175,000 more than Philadelphia. Buying a house in Philly is very affordable, especially when you consider the city's popularity, job market, and amenities, making Philadelphia an excellent spot for rent-to-own homes.

Philadelphia Statistics

If you're interested in Philadelphia rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Philadelphia statistics compared to the U.S. national average.

Philadelphia Averages National Averages
One-Way Commute 32.9 minutes 26.4 minutes
Violent Crime 50.8 22.7
Property Crime 46.6 35.4
Unemployment Rate 5.6% 3.9%
Income Tax Rate 7.0% 4.6%
Air Quality 39 58
Water Quality 1 55
Median Household Income $37,460 $53,482
Median Property Taxes $2,400 $2,200
Utilities $150/month $112/month
Monthly Rent $1,000 $1,470
Median Home Cost $153,400 $231,200
Median Home Age 67 years 40 years

Popular Amenities and Attractions in Philadelphia

Philly is a popular destination for tourists and professionals alike. More than 45 million people visited the Philadelphia area in 2018. Visitors had an economic impact of over $12 billion and supported more than 100,000 jobs.

The Philadelphia government works hard to make travel throughout the city convenient. It was rated as the number five most walkable city in the United States by Smarter Travel, with signage that helps visiting pedestrians make their way around the downtown easily. The city has more than 440 miles of bike lanes, over 300 miles of completed bike trails with another 450 miles in progress, and more than 1,300 bikes available for rent at more than 140 stations throughout the city.

Getting in and out of the city is a breeze as well. Philly is home to the 20th most popular airport in the country, located just a few miles from downtown. More than 16 million passengers flew out of the city using Philadelphia International Airport in 2019. In addition to Philly Phlash, the city's seasonal bus system, the Southeastern Pennsylvania Transportation Authority provides a regional bus and train system for people traveling in or near Philadelphia and a trolley system for getting around town. Additional options include Lyft, Uber, private car service, tour buses, and a car share program.

There is an abundance of attractions in and around Philadelphia. Visit the Reading Terminal Market if you're into local produce and boutique shops. History buffs will love the Liberty Bell Center. Or spend a day at the Philadelphia Zoo if you appreciate animals. Enjoy the fun and food at Franklin Square, explore the Franklin Institute Science Center, or shop and dine at the many downtown stores and restaurants.

If you're looking into rent-to-own home options, you won't find many cities like Philadelphia. The city has an excellent economy, an affordable housing market, a comprehensive transportation system, and a host of places to visit during your free time. But most importantly, the people are friendly, inclusive, and welcoming to all.