Rent to own Homes in Rhode Island

Rhode Island was always a trendsetter. It was the first state to pass legislation against slavery, and Brown University, located in Providence, was the first university that accepted students of all religions in 1764. The state also fully declared its independence from Great Britain before the other colonies. In fact, the state has its own Independence Day to commemorate its early rejection of British rule, and it played a prominent role in the Revolutionary War. During the Industrial Revolution, the state built the first textile mill. And lastly, 92,000 of its 719,000 residents - 12.8% of its population - served during WWII. It is the only state that celebrates the end of WWII with its own holiday - Victory Day.

Rhode Island only has 1,059,361 residents, but it is also the smallest state in the nation, encompassing only 1,033 square miles. The state earned the nicknames "Little Rhody" and "the Smallest State" due to its size. But don't let its small size fool you - despite its size, it holds the headquarters of Fortune 500 companies such as CVS Health, United Natural Foods, Textron, Citizens Financial Group, and FM Global. Hasbro and Amica Mutual Insurance, which are on the Fortune 1000 list, are also located in Rhode Island. It is a great place to live thanks to its history, rustic feel, location, economy, and the many rent-to-own homes available in the state.

Check out Rhode Island rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
54 ACRES OF PINE RD
Rent To Own
 
Single Family Home
Coventry, RI 02816
2
2
1440 ft2
1940
247 GROSVENOR AVE
Rent To Own
North Providence
Single Family Home
North Providence, RI 02904
2
2
959 ft2
1953
1 of 4 2128 HARTFORD AVE
Rent To Own
Bishop Heights
Single Family Home
Johnston, RI 02919
3
1
1080 ft2
1950
349 BEACH POND RD
Rent to Own Eligible
 
Single Family Home
Voluntown, CT 06384
3
4
2882 ft2
2009
New
46 RIVER RD
Rent to Own Eligible
 
Single Family Home
Sterling, CT 06377
2
1
1125 ft2
1790
1 of 37 81 BAILEY HILL RD
Rent to Own Eligible
 
Single Family Home
Danielson, CT 06239
3
2
1456 ft2
1988
Hot
1386 NORTH RD
Rent to Own Eligible
 
Single Family Home
Dayville, CT 06241
3
2
2877 ft2
1990
Hot
28 HUNTINGTON ST
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
3
2
1459 ft2
1984
33 BRUCKER PENTWAY
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
3
2
1526 ft2
1979
1 of 39 1 MORGAN ST
Rent to Own Eligible
 
Townhouse/Condo
Pawcatuck, CT 06379
2
1
948 ft2
1985
57 PEQUOT TRL
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
4
2
1288 ft2
1969
Hot
58 CLARENCE AVE
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
5
3
2588 ft2
1982
New
371 GREENHAVEN RD
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
3
2
1188 ft2
1965
119 CENTRAL AVE
Rent To Own
North Seekonk
Single Family Home
Seekonk, MA 02771
3
1
1341 ft2
1940
Hot
115 HOLDEN RD
Rent To Own
 
Single Family Home
Wakefield, RI 02879
3
2
1408 ft2
1996
23 GIBSON LN
Rent To Own
 
Single Family Home
Sterling, CT 06377
3
2
1778 ft2
1978
Hot
1 of 29 183 S PIERCE RD
Rent To Own
Meadowbrook Farms
Single Family Home
East Greenwich, RI 02818
3
1
1344 ft2
1950
Hot
1 of 21 55 WINNAPAUG RD #5
Rent To Own
 
Townhouse/Condo
Westerly, RI 02891
2
1
704 ft2
1959
Hot
1 of 68 54 WEBSTER AVE
Rent To Own
 
Single Family Home
Narragansett, RI 02882
4
4
2100 ft2
2007
Hot
1 of 26 31 MAUREEN DR
Rent To Own
Georgiaville
Single Family Home
Smithfield, RI 02917
3
3
2556 ft2
1981
Hot
1 of 24 161 HILLCREST DR N
Rent To Own
Cranston
Single Family Home
Cranston, RI 02921
3
4
2120 ft2
1993
1 of 122 27 MAGUIRE LN
Rent To Own
 
Single Family Home
West Greenwich, RI 02817
3
3
3482 ft2
2003
Hot
1 of 27 20 NARRAGANSETT AVE #802
Rent To Own
 
Townhouse/Condo
Narragansett, RI 02882
2
2
987 ft2
2007
Hot
1 of 20 117 GROSVENOR AVE
Rent To Own
Watchemocket
Single Family Home
East Providence, RI 02914
3
2
1416 ft2
1930
130 RESERVOIR RD
Rent To Own
Newport East
Single Family Home
Middletown, RI 02842
3
2
1360 ft2
1955
1 of 6 146 BOSTON NECK RD
Rent To Own
Cold Spring Beach
Single Family Home
North Kingstown, RI 02852
7
7
4306 ft2
1906
1 of 10 17 Bellevue Ave
Rent To Own
Central Falls
Multifamily (2 - 4 Units)
Central Falls, RI 02863
6
2
2214 ft2
Hot
1 of 20 23 SAINT JAMES PL
Rent To Own
Attleboro
Single Family Home
Attleboro, MA 02703
4
4
3198 ft2
2003
Hot
1 of 17 26 SAINT JAMES RD
Rent To Own
 
Single Family Home
Narragansett, RI 02882
5
4
2552 ft2
2001
Hot
1 of 28 32 MYRTLE AVE
Rent To Own
Riverside
Single Family Home
Riverside, RI 02915
3
2
1728 ft2
1967
1 of 19 56 Doyle Ave
Rent To Own
Mt. Hope
Multifamily (2 - 4 Units)
Providence, RI 02906
4
1
1346 ft2
1910
Hot
1 of 29 57 BRAMBLE LN
Rent To Own
Crompton
Single Family Home
West Warwick, RI 02893
5
2
2288 ft2
1973
Hot
1 of 31 57 RUSSELL AVE
Rent To Own
Watchemocket
Single Family Home
East Providence, RI 02914
4
2
1849 ft2
1920
6 O Donnell Road
Rent To Own
Purgatory
Multifamily (2 - 4 Units)
Middletown, RI 02842
4
2
1711 ft2
1956
1 of 2 64 Plainfield Pike (2acres)
Rent To Own
 
Multifamily (2 - 4 Units)
Foster, RI 02825
3
3
3000 ft2
2020
Hot
65 INGERSOLL AVE
Rent To Own
Buttonwoods
Single Family Home
Warwick, RI 02886
3
2
1704 ft2
1955
Hot
1 of 12 66 LYDICK AVE
Rent To Own
Spring Green
Single Family Home
Warwick, RI 02888
3
2
1188 ft2
1954
Hot
1 of 27 7 FINCH CT
Rent To Own
Cranston
Single Family Home
Cranston, RI 02921
4
3
3200 ft2
2002
1 of 24 8 FOSTER ST
Rent To Own
Barrington
Single Family Home
Barrington, RI 02806
3
2
2193 ft2
1929
1 of 15 99 palm street
Rent To Own
North Providence
Multifamily (2 - 4 Units)
North Providence, RI 02904
4
2
2100 ft2
1960
Hot
1 of 11 3 CHESHIRE DR
Rent To Own
Hampden Meadows
Single Family Home
Barrington, RI 02806
3
2
1950 ft2
1961
Hot
1 of 14 420 CENTRAL AVE
Rent To Own
Thornton
Single Family Home
Johnston, RI 02919
3
3
1636 ft2
1952
1 of 12 56 Betony Road
Rent To Own
 
Multifamily (2 - 4 Units)
Narragansett, RI 02882
5
2
1988 ft2
2007
1 of 6 121 SECOND ST
Rent To Own
Watchemocket
Townhouse/Condo
East Providence, RI 02914
5
4
1625 ft2
1910
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More Rhode Island Property Resources

Rent to own Homes in Cities Near Rhode Island

Average Cost of Living in Rhode Island

The cost of living in Rhode Island is 10.6% higher than average for the U.S. due to high grocery, housing, utility, and transportation costs. Newport is 34.3% higher than the national average, while Providence and Woonsocket are 5.1% and 3.6% higher, respectively. It won't be easy to find a cheap place to live in the state to live, but some municipalities are at or close to average.

Average Home Prices in Rhode Island

If you're looking for an affordable home in Rhode Island, you'll have to do your research. You can pay over $1 million for a house in New Shoreham or as low as $186,800 in Central Falls. The median price of a home in the state is $285,200, well above the national average of $231,200, but with some digging, you can find plenty of affordable housing in the state. If you're thinking of buying a rent-to-own home, Rhode Island is definitely a viable option.

Rhode Island Statistics

If you're interested in Rhode Island 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 Rhode Island statistics compared to the U.S. national average.

Rhode Island Averages National Averages
One-Way Commute 24.6 minutes 26.4 minutes
Violent Crime 15.4 22.7
Property Crime 27.5 35.4
Unemployment Rate 3.7% 3.9%
Income Tax Rate 3.8% 4.6%
Air Quality 68 58
Water Quality 46 55
Median Household Income $56,423 $53,482
Median Property Taxes $4,000 $2,200
Utilities $980/month $112/month
Monthly Rent $1,077 $1,470
Median Home Cost $285,200 $231,200
Median Home Age 57 years 40 years

Popular Rhode Island Cities

Newport really packs some punch for a 7.67-square-mile city with a population of only 24,334. The first U.S. men's singles tennis championship was held in the city in 1881, and it is the home of the International Tennis Hall of Fame. During the Gilded Age of the late 19th century, the rich and famous built summer homes in Newport. You can now visit these mansions with guided tours of the amazing architecture and luxury while learning about the wealthy families that once occupied the homes. If you like music, the oldest jazz festival in the country is held in Newport.

Providence is the capital of Rhode Island and its most populous city with its 179,883 residents making up nearly 17% of the state's population. The city has seven universities and eight hospitals that provide local employment. Providence uses Rhode Island Public Transport Authority buses as its primary source of transportation. The municipal government encourages bike riding by constantly adding bike lanes to its infrastructure, and the city also has a bike-share program and a unique autonomous vehicle shuttle service.

New Shoreham is the smallest town in the state at slightly less than 10 square miles. It is the only town located on Block Island, and you can only get there by ferry or airplane. Residents and visitors enjoy beautiful ocean views, 17 miles of beach, and 30 miles of walking trails. Most of Block Island's attractions are outdoors, including a self-guided bike tour of the island. If you're tired of typical shopping experiences, you'll enjoy the island's local, unique shops and eateries.

Popular Amenities and Attractions in Rhode Island

Rhode Island's official nickname is "the Ocean State." It has more than 400 miles of shoreline thanks to its location along the Atlantic Ocean and its many little islands off the coast. It is the third wettest state in the country, with 33.1% water coverage. Boating rentals of all sorts are available along its shores and inlets, and you can partake in almost any type of water sport during the warmer weather.

If you're into history, Rhode Island will satisfy your palate. You can visit the Old Slater Mill - the first mill in the U.S., founded in 1793 - the Sylvanus Brown House building built in 1758, and the Wilkinson Mill established in 1819. All three properties are on the same complex and serve as museums that teach visitors how the textile industry operated back in the day. Spell Hall is a 1770 home where Major General Nathanael Green lived with his family. There are also lots of seasonal war reenactments commemorating Rhode Island's involvement in 18th and 19th-century wars.

A rich history, lots of water, plenty of jobs, and a rustic vibe make Rhode Island a great state for people who are looking to relocate.