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 300 Philadelphia, PA rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
New
1 of 24 3829 Cresson St
3 Beds, 2 Baths
Rent To Own
Manayunk
Townhouse/Condo
Philadelphia, PA 19127
1,869 Sqft | Built in 1900
1 of 35 5241 Gainor Rd
4 Beds, 1 Bath
Rent To Own
Wynnefield
Single Family Home
Philadelphia, PA 19131
6,140 Sqft | Built in 1925
1 of 22 446 W Norris St
4 Beds, 2 Baths
Rent To Own
North Philadelphia East
Townhouse/Condo
Philadelphia, PA 19122
1,934 Sqft | Built in 1915
1 of 28 568 S Bethlehem Pike
4 Beds, 1 Bath
Rent To Own
 
Single Family Home
Fort Washington, PA 19034
1,484 Sqft | Built in 1800
1 of 35 223 Walnut St
7 Beds, 4 Baths
Rent To Own
Colwyn
Multifamily (5+ Units)
Darby, PA 19023
2,776 Sqft | Built in 1910
Hot
5302 Glenmore Ave
3 Beds, 1 Bath
Rent To Own
Kingsessing
Townhouse/Condo
Philadelphia, PA 19143
892 Sqft | Built in 1920
Hot
1 of 14 2045 S 68th St
3 Beds, 1 Bath
Rent To Own
Elmwood
Townhouse/Condo
Philadelphia, PA 19142
1,170 Sqft | Built in 1925
New
1 of 5 2558 N Sartain St
3 Beds, 1 Bath
Rent To Own
North Philadelphia East
Townhouse/Condo
Philadelphia, PA 19133
1,120 Sqft | Built in 1920
Rent to own homes offer low monthly payments and flexible terms
1414 S Penn Sq Unit 26h
2 Beds, 2 Baths
Rent To Own
Avenue of the Arts South
Townhouse/Condo
Philadelphia, PA 19102
1,462 Sqft | Built in 2009
Hot
356 E Wister St
3 Beds, 1 Bath
Rent To Own
East Germantown
Townhouse/Condo
Philadelphia, PA 19144
1,180 Sqft | Built in 1920
3612 N Percy St
3 Beds, 1 Bath
Rent To Own
North Philadelphia East
Townhouse/Condo
Philadelphia, PA 19140
1,180 Sqft | Built in 1940
Hot New
1221 N 50th St
3 Beds, 1 Bath
Rent To Own
Carroll Park
Townhouse/Condo
Philadelphia, PA 19131
1,182 Sqft | Built in 1925
New
1 of 13 1412 Wharton St
4 Beds, 2 Baths
Rent To Own
Point Breeze
Townhouse/Condo
Philadelphia, PA 19146
1,740 Sqft | Built in 1915
New
1 of 47 201 Hermit St
3 Beds, 3 Baths
Rent To Own
Manayunk
Townhouse/Condo
Philadelphia, PA 19128
2,834 Sqft | Built in 1920
209 W Washington Ave
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Clifton Heights, PA 19018
1,152 Sqft | Built in 1947
203 Springfield Rd
4 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Clifton Heights, PA 19018
2,345 Sqft | Built in 1928
2942 Kinsman Ct
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Bensalem, PA 19020
1,094 Sqft | Built in 1975
101 Marple Rd
4 Beds, 4 Baths
Rent To Own
 
Single Family Home
Haverford, PA 19041
3,397 Sqft | Built in 1940
1 of 35 1318 Pinebrook Court
5 Beds, 5 Baths
Rent To Own
 
Single Family Home
Ambler, PA 19002
6,969 Sqft
1124 Putnam Blvd
3 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Wallingford, PA 19086
1,680 Sqft | Built in 1987
Hot
1 of 13 989 Easton Rd
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Warrington, PA 18976
2,288 Sqft | Built in 1963
3463 York Rd
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Furlong, PA 18925
1,497 Sqft | Built in 1925
167 Portsmouth Cir
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Glen Mills, PA 19342
2,664 Sqft | Built in 2002
1 of 5 209 Eastlwn Avenue
2 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Wilmington, DE 19802
Built in 1987
1 of 6 143 Cricket Dr
3 Beds, 3.5 Baths
Rent To Own
 
Townhouse/Condo
Malvern, PA 19355
2,230 Sqft | Built in 2017
1 of 6 Lease Purchase - Fully Remodeled 1213 D St
4 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Wilmington, DE 19801
1 of 9 53 Thorn Ln
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
New Castle, DE 19720
1,025 Sqft | Built in 1959
1 of 6 216 S Connell St
3 Beds, 1 Bath
Rent To Own
Browntown
Single Family Home
Wilmington, DE 19805
1,075 Sqft | Built in 1940
16 E. Cedar St
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Wilmington, DE 19805
1976 Northeast Ave Lot 4
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Vineland, NJ 8360
1,848 Sqft | Built in 2022
1 of 25 26 Mackay Ln
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Newark, DE 19713
1,850 Sqft | Built in 1954
New
1 of 38 5568 Stonecroft Ln
3 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Allentown, PA 18106
1,715 Sqft | Built in 2005
1537 W Tilghman St
4 Beds, 1 Bath
Rent To Own
Allentown City Historic District
Townhouse/Condo
Allentown, PA 18102
1,267 Sqft | Built in 1916
32 Middle Wallop Rd
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Bear, DE 19701
1,325 Sqft | Built in 1985
925 Putnam Blvd
2 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Wallingford, PA 19086
1,586 Sqft | Built in 1977
552 Clydesdale Dr
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
New Hope, PA 18938
2,620 Sqft | Built in 1995
Fairview Manor, Fairview Manor
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Vineland, NJ 8360
900 Sqft | Built in 2022
1 of 2 5110 Funston St
3 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Philadelphia, PA 19139
1,188 Sqft | Built in 1925
Hot
439 Byberry Rd
3 Beds, 1 Bath
Rent To Own
Somerton
Single Family Home
Philadelphia, PA 19116
1,480 Sqft | Built in 1960
Hot
245 N Avondale St
3 Beds, 1 Bath
Rent To Own
Haddington
Townhouse/Condo
Philadelphia, PA 19139
751 Sqft | Built in 1920
Hot
1 of 80 5840 Spruce St
3 Beds, 1 Bath
Rent To Own
Cobbs Creek
Townhouse/Condo
Philadelphia, PA 19139
1,424 Sqft | Built in 1925
1 of 69 2833 S Iseminger St
3 Beds, 1 Bath
Rent To Own
South Philadelphia East
Townhouse/Condo
Philadelphia, PA 19148
982 Sqft | Built in 1960
1 of 13 303 Monastery Ave
4 Beds, 1 Bath
Rent To Own
Manayunk
Single Family Home
Philadelphia, PA 19128
1,650 Sqft | Built in 1930
415 Maplewood Rd
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Merion Station, PA 19066
1,624 Sqft | Built in 1955
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Rent to Own Homes in Cities Near Philadelphia, PA

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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 2022 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 2022 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.

Philadelphia, PA Frequently Asked Questions

Philadelphia, PA has a walk score of

Philadelphia, PA has a bike score of

The state tax rate is 3.07% on top of the federal tax rate of 10 to 37%.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Some data might be from tax-rates.org
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