Rent to own Homes in Westerly, RI

Considering its location in the most southern and western corner of Rhode Island, Westerly is aptly named. It is the size of a small city, with a population of about 22,000, but it is considered a town made up of several cozy villages. Summer is Westerly's busy time as the home of Westerly Town Beach, Watch Hill Beach, Weekapaug Beach, East Beach, and Misquamicut State Beach. However, year-round residents find the town just as delightful in the other three seasons.

Westerly, RI is a great place for affordable rent-to-own homes! With a median household income of over $75,200 and a median rent of $1,063, the Westerly, RI 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 Westerly, RI. 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 Westerly, RI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
Hot
1 of 37 196 CHESTER ST
Rent To Own
New London Civic Center
Single Family Home
New London, CT 06320
2
2
864 ft2
1988
54 ACRES OF PINE RD
Rent To Own
 
Single Family Home
Coventry, RI 02816
2
2
1440 ft2
1940
1 of 6 2128 HARTFORD AVE
Rent To Own
Bishop Heights
Single Family Home
Johnston, RI 02919
3
1
1080 ft2
1950
247 GROSVENOR AVE
Rent To Own
North Providence
Single Family Home
North Providence, RI 02904
2
2
959 ft2
1953
New
16 SMITH ST
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
2
1
864 ft2
1957
4 HOLLY CT
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
3
2
1872 ft2
1977
57 PEQUOT TRL
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
4
2
1288 ft2
1969
New
27 CEDAR GROVE LN
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
4
3
3627 ft2
2010
33 BRUCKER PENTWAY
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
3
2
1526 ft2
1979
New
280 S BROAD ST
Rent to Own Eligible
 
Single Family Home
Pawcatuck, CT 06379
3
3
2261 ft2
1990
2 CEDAR CREST RD
Rent to Own Eligible
 
Single Family Home
North Stonington, CT 06359
2
1
912 ft2
1960
69 MAIN ST
Rent to Own Eligible
 
Single Family Home
North Stonington, CT 06359
3
2
2609 ft2
1776
New
10 PINE WOODS RD
Rent to Own Eligible
 
Single Family Home
North Stonington, CT 06359
3
1
1550 ft2
1985
1 of 40 257 ELM ST
Rent to Own Eligible
 
Single Family Home
Stonington, CT 06378
4
4
4598 ft2
2001
New
16 HERITAGE DR
Rent to Own Eligible
 
Single Family Home
Stonington, CT 06378
3
4
1682 ft2
1987
New
19 DIVING ST
Rent to Own Eligible
 
Townhouse/Condo
Stonington, CT 06378
3
2
1619 ft2
1860
22 SCHOOL ST
Rent to Own Eligible
 
Single Family Home
Stonington, CT 06378
3
2
1584 ft2
1900
106 WATER ST
Rent to Own Eligible
 
Single Family Home
Stonington, CT 06378
3
3
2100 ft2
1920
1 FRONT ST
Rent to Own Eligible
 
Single Family Home
Stonington, CT 06378
1
1
832 ft2
1953
New
12 NORTH ST
Rent to Own Eligible
 
Single Family Home
Stonington, CT 06378
3
1
1754 ft2
1932
66 COLLINS RD
Rent to Own Eligible
 
Single Family Home
Stonington, CT 06378
1
1
520 ft2
1968
112 WAMPHASSUC RD
Rent to Own Eligible
 
Single Family Home
Stonington, CT 06378
5
4
4878 ft2
2004
New
10 OAK LN
Rent to Own Eligible
 
Single Family Home
Stonington, CT 06378
3
4
3956 ft2
2006
New
42 LONG POND RD S
Rent to Own Eligible
 
Single Family Home
Ledyard, CT 06339
3
1
1288 ft2
1957
37 SCHOOL ST
Rent to Own Eligible
Downtown Mystic
Single Family Home
Mystic, CT 06355
2
1
1134 ft2
1900
34 GREENMANVILLE AVE
Rent to Own Eligible
Mystic Seaport
Townhouse/Condo
Mystic, CT 06355
3
2
1730 ft2
1800
New
34 WASHINGTON ST
Rent to Own Eligible
Downtown Mystic
Single Family Home
Mystic, CT 06355
3
2
1600 ft2
1912
New
3 WATER ST #403
Rent to Own Eligible
West Mystic
Townhouse/Condo
Mystic, CT 06355
2
2
1674 ft2
2020
3 WATER ST #404
Rent to Own Eligible
West Mystic
Townhouse/Condo
Mystic, CT 06355
2
2
1840 ft2
2020
3 WATER ST #304
Rent to Own Eligible
West Mystic
Townhouse/Condo
Mystic, CT 06355
2
2
1082 ft2
2020
55 STARR ST
Rent to Own Eligible
West Mystic
Single Family Home
Mystic, CT 06355
3
2
1110 ft2
1945
3 WATER ST #402
Rent to Own Eligible
West Mystic
Townhouse/Condo
Mystic, CT 06355
1
1
930 ft2
2020
17 WATER ST #A-9
Rent to Own Eligible
West Mystic
Townhouse/Condo
Mystic, CT 06355
3
4
3264 ft2
1985
17 WATER ST #A-15
Rent to Own Eligible
West Mystic
Townhouse/Condo
Mystic, CT 06355
3
3
2331 ft2
1985
1 of 34 10 BANK ST
Rent to Own Eligible
West Mystic
Single Family Home
Mystic, CT 06355
3
4
1465 ft2
1886
New
30 ESSEX ST
Rent to Own Eligible
West Mystic
Single Family Home
Mystic, CT 06355
6
6
5926 ft2
1931
55 LAKE OF ISLES RD
Rent to Own Eligible
 
Single Family Home
North Stonington, CT 06359
3
2
1714 ft2
2017
Hot New
14 BROWN SCHOOL RD
Rent to Own Eligible
 
Single Family Home
Preston, CT 06365
3
2
1420 ft2
1900
New
42 SHORE DR
Rent to Own Eligible
 
Single Family Home
Jewett City, CT 06351
2
3
1554 ft2
2007
159 IRON ST
Rent to Own Eligible
 
Single Family Home
Ledyard, CT 06339
2
1
598 ft2
1940
63 NOBLE AVE
Rent to Own Eligible
Noank
Single Family Home
Groton, CT 06340
2
1
700 ft2
1935
New
782 GROTON LONG POINT RD
Rent to Own Eligible
Noank
Single Family Home
Groton, CT 06340
3
3
2840 ft2
1975
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Popular Zip Codes in Westerly, RI

02891 rent to own homes

Buying a Home in Westerly, RI

Westerly, RI is seeing rapid growth and Westerly, RI's' housing market remains not optimal with an average home price that is 41% above the 2024 national average. Westerly, RI is part of Washington 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 Washington is 1.1% which is above the national average, which is 0.99%.

Median Home Price in Westerly, RI

Median Rent in Westerly, RI

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

Historical Buildings and Beautiful Beaches Come Together in Westerly, RI

Now is the time to invest! Home values in Westerly have gone up over the past decade, despite property value decreases in the rest of the state. In fact, 2012 median house and condo figures topped $257,000. Historical architecture gives an old-fashioned, quaint feel to the community, but there is plenty of contemporary entertainment for every taste. For dinner, try the 84 Tavern on Canal, then head to Perks & Corks Coffee and Wine Lounge, which features live music most nights.

Find a home in your budget! Considering the idyllic setting and the long list of activities and entertainment available, it's surprising that the average rent to own home is only $974 per month. This gives many more residents in the neighborhood the opportunity to enjoy monthly shows at The Artists' Cooperative Gallery of Westerly, take a lovely walk at Napatree Point, and taste amazing local wine from the Langworthy Farm Winery.

Get your golf on! Outdoor enthusiasts have plenty to celebrate in Westerly. Golfers enjoy the public course at Winnapaug Country Club and those that love the water are right at home during the hands-on sailing experiences offered by Sail Trim Again.

A little touch of history! History doesn't have to be dry, as evidenced by two of Westerly's central attractions. Meticulous restoration has made the Flying Horse Carousel, the oldest carousel in America, shine with its original glory. The Granite Theatre, named for the granite quarries that make up one of the town's biggest industries, is known both for its quality performances as well as its home in a building that dates back to 1846.

Best beer in the state! Beer connoisseurs love the town of Westerly for its clear appreciation of the art of brewing. Tours and tastings are available at Grey Sail Brewing, and local bars and restaurants ensure patrons can sample many more microbrews. For example, The Malted Barley boasts 35 different beers on tap. In fact, all year long, Westerly residents look forward to the annual Craft Beer Festival just a hop, skip, and jump away in Newport, RI.