Rent to own Homes in Tennessee

In 1772, a group of Europeans living in what is now Tennessee formed the Watauga Association - the first government body in America not under British rule. They leased land from the Cherokee, elected magistrates, created a court, and hired a sheriff without England's permission. Tennesseans continued to defy the British and participated heavily in the Revolutionary War by sending troops to other territories to help America gain its independence. The state suffered greatly during the Civil War. Most of Tennessee's property was destroyed, and its people were killed in the many battles throughout the state.

During the late 19th century, the state began to rebuild. What you'll find in Tennessee today is a modern state that is home to Fortune 500 and 1000 companies and whose economy was ranked 12th in the country by U.S. News in 2019. Tennessee's government provides a full range of services for its 6,829,174 citizens while being the most fiscally stable state in the nation.

Tennessee is a great place for affordable rent-to-own homes! With a median household income of over $54,833 and a median rent of $897, the Tennessee 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 Tennessee. 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 Tennessee rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
222 GROVE DALE ST
3 Beds, 5 Baths
Rent To Own
 
Single Family Home
Memphis, TN 38120
3,309 Sqft | Built in 1965
200 Euchee Ln LOT 38
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Ten Mile, TN 37880
993 Sqft | Built in 1994
6112 KING ROBERT LN
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Westmoreland, TN 37186
1,390 Sqft | Built in 2000
1725 WYNRUSH CIR
4 Beds, 4 Baths
Rent To Own
 
Single Family Home
Knoxville, TN 37923
2,986 Sqft | Built in 1994
3004 BELMONT BLVD
6 Beds, 6 Baths
Rent To Own
Bellmont/Hillsboro
Single Family Home
Nashville, TN 37212
4,891 Sqft | Built in 1950
6944 WYNDHAM POINTE LN
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Knoxville, TN 37931
2,450 Sqft | Built in 2004
New
7643 MONGER LN
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Ooltewah, TN 37363
1,472 Sqft | Built in 1999
Rent to own homes offer low monthly payments and flexible terms
681 E DAVANT AVE
2 Beds, 1 Bath
Rent To Own
Longview Heights Civic Club
Single Family Home
Memphis, TN 38106
953 Sqft | Built in 1937
155 FEDERAL BLVD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Farragut, TN 37934
3,896 Sqft | Built in 1988
3412 LUZON DR
3 Beds, 2 Baths
Rent To Own
Southeast Memphis Betterment Association
Single Family Home
Memphis, TN 38118
1,400 Sqft | Built in 1963
3203 STATESVILLE RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Watertown, TN 37184
1,887 Sqft | Built in 2000
3630 CRESTWYN DR
4 Beds, 4 Baths
Rent To Own
Lakes of Forest Hill
Single Family Home
Germantown, TN 38138
2,803 Sqft | Built in 1972
9463 DOE MEADOW DR
4 Beds, 4 Baths
Rent To Own
Dogwood Grove Homeowners Association
Single Family Home
Germantown, TN 38139
4,179 Sqft | Built in 1990
1716 VIRGINIA AVE
4 Beds, 1 Bath
Rent To Own
 
Single Family Home
Kingsport, TN 37664
1,980 Sqft | Built in 1943
1531 CENTERVILLE HWY
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Hohenwald, TN 38462
2,240 Sqft | Built in 1986
Hot
8074 S REGIS PL
4 Beds, 2 Baths
Rent To Own
Alliance of Cordova Neighborhoods
Single Family Home
Cordova, TN 38018
1,944 Sqft | Built in 1981
3125 BRUTON BRANCH RD
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Savannah, TN 38372
1,566 Sqft | Built in 1963
3646 HAUGHTON LN #1
3 Beds, 3 Baths
Rent To Own
Lantern Square Apartments
Townhouse/Condo
Memphis, TN 38128
1,626 Sqft | Built in 1974
100 COUNTY ROAD 2520
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Athens, TN 37303
1,800 Sqft | Built in 2007
270 BEARFIELD RD
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Chuckey, TN 37641
3,944 Sqft | Built in 1980
(Undisclosed Address)
5 Beds, 4 Baths
Rent To Own
Old Hickory Village
Single Family Home
Old Hickory, TN 37138
4,234 Sqft | Built in 2016
4036 S WALNUT GROVE CIR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Memphis, TN 38117
2,237 Sqft | Built in 1950
112 CHEYENNE AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Winchester, TN 37398
1,104 Sqft | Built in 1998
5330 LAURIE LN
4 Beds, 1 Bath
Rent To Own
White Station -Yates Neighborhood Association
Single Family Home
Memphis, TN 38120
2,026 Sqft | Built in 1955
5657 NORMANDY PL
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Memphis, TN 38120
2,600 Sqft | Built in 1961
117 JOEL DR SW
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Cleveland, TN 37311
1,028 Sqft | Built in 1976
250 TENRY RD
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Enville, TN 38332
1,648 Sqft | Built in 1978
395 Sequachee Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Whitwell, TN 37397
1,228 Sqft | Built in 2020
1 of 4 372 HAYTER DR
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Morristown, TN 37813
3,864 Sqft | Built in 1999
107 COUNTY ROAD 2520
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Athens, TN 37303
2,552 Sqft | Built in 2008
16 HANNAH GRACE LN
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Manchester, TN 37355
1,274 Sqft | Built in 2008
1 of 17 1663 Pressman's Home Road
1 Bed, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Rogersville, TN 37857
2,500 Sqft | Built in 1958
4048 WARD AVE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Memphis, TN 38108
715 Sqft | Built in 1951
6618 Chesapeake Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Memphis, TN 38122
1,344 Sqft
6040 SYON CV
4 Beds, 3 Baths
Rent To Own
Balmoral Residents Association
Single Family Home
Memphis, TN 38119
2,360 Sqft | Built in 1971
4562 QUINCE RD
3 Beds, 1 Bath
Rent To Own
Colonial Acres Neighborhood Association
Single Family Home
Memphis, TN 38117
1,006 Sqft | Built in 1952
1 of 34 1408 POWERS BRIDGE RD
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Manchester, TN 37355
3,700 Sqft | Built in 1900
289 Goodlett Dr
1 Bed, 1 Bath
Rent To Own
 
Single Family Home
Clarksville, TN 37042
832 Sqft
1 of 65 1430 PEABODY AVE
3 Beds, 3 Baths
Rent To Own
Central Gardens Area Association
Single Family Home
Memphis, TN 38104
2,649 Sqft | Built in 1920
1 of 41 10718 DOLLY POND RD
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Ooltewah, TN 37363
2,640 Sqft | Built in 1984
Hot
1326 E HARPER AVE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Maryville, TN 37804
902 Sqft | Built in 1900
2366 Highway 131 W
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Thorn Hill, TN 37881
1,280 Sqft | Built in 1997
122 Mount View Rd
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Sweetwater, TN 37874
792 Sqft | Built in 1976
Sponsored Link

More Tennessee Property Resources

Rent to own Homes in Cities Near Tennessee

Median Home Price in Tennessee

Median Rent in Tennessee

Rent to own homes offer low monthly payments and flexible terms

Average Cost of Living in Tennessee

Tennessee has an affordable cost of living that's 12.4% lower than the national average. The state excels in the categories of groceries, housing, utilities, and transportation, while health costs are 1.9% above average. Although Nashville, the most populous city in the state, is 1.6% higher than the U.S. average, desirable cities such as Knoxville and Memphis are 14.5% and 24% lower.

Average Home Prices in Tennessee

You won't have to pay much for a house in Tennessee. The median cost of a home in the state is $164,500, which is significantly lower than the national average of $231,200. Nashville's average is $262,000, but that doesn't mean you can't find low-priced homes in the more popular cities. Memphis is the second-most populous municipality in the state, and the median home cost in the city is $85,700. You can find very affordable rent-to-own homes in Tennessee without looking too hard.

Tennessee Statistics

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

Tennessee Averages National Averages
One-Way Commute 24.8 minutes 26.4 minutes
Violent Crime 34.3 22.7
Property Crime 42.8 35.4
Unemployment Rate 4.3% 3.9%
Income Tax Rate 0% 4.6%
Air Quality 72 58
Water Quality 58 55
Median Household Income $44,621 $53,482
Median Property Taxes $1,120 $2,200
Utilities $120/month $112/month
Monthly Rent $840 $1,470
Median Home Cost $164,500 $231,200
Median Home Age 34 years 40 years

Popular Tennessee Cities

Future president Andrew Jackson founded Memphis in May of 1819. Like many cities in Tennessee, there's music in the air in Memphis. Elvis Presley's home, Graceland, and Beale Street, an entertainment district within the downtown, are two iconic spots that people associate with the city. Memphis is a full-blown municipality with 651,073 residents. It has everything you could expect in a major city - an international airport, a prosperous economy, a lively downtown, and even a professional sports team, the Memphis Grizzlies.

Nashville, also known as ""Music City,"" is both the capital and the most populous city in Tennessee. Its 670,820 residents live in a variety of neighborhoods, from luxury apartments above the downtown to the brick-lined Historic Germantown. Nashville had an 11.2% population increase over the past decade as people flocked to the city for its strong job market. It is a friendly, diverse city that supports its businesses and citizens' needs. Residents enjoy its location along the Cumberland River, where they can use the water for recreation, relax at a riverside park, and dine at riverfront eateries.

Jonesborough is the oldest municipality in Tennessee. Founded in 1779, this charming town has 5,611 residents. Its 5.14 square miles have lots of appeal. Jonesborough offers guided tours to teach about its history, a 130-acre park with walking and hiking trails, and a full-scale waterpark. The downtown has interesting local artisanal shops such as Paul's Pens and Odds and Ends, the largest handcrafted pen store in the country, and Antiques and Artisans, a 10,000-square-foot shop that sells everything from silver products to Victorian furniture. You can stay at a variety of hotels ranging from modern to historical and unique.

Popular Amenities and Attractions in Tennessee

Great Smoky Mountains National Park, part of which is in Tennessee, provides visitors a full outdoor experience. Its more than 500,000 acres contain mountains, streams, vegetation, waterfalls, and wildlife. If you want a unique camping experience, hike the trails to LeConte Lodge and spend the night in a cabin. Located 6,360 feet up Mount Leconte, you'll enjoy breathtaking views and a serene, natural environment.

Tennessee might not be Hollywood, but it does have Dollywood Parks and Resorts. The theme park provides fun, games, rides, shows, and dining for the whole family. You'll also find a waterpark and the Chasing Rainbows Museum, where you can learn about Dolly Parton's accomplishments and view the costumes and outfits the famous singer wore during her movie and singing careers. If you want to spend the night in the area, you can stay in a cabin with mountain views or at the DreamMore Resort and Spa.

The state preserves its horrifying Civil War experiences despite losing almost every battle during the war. You can learn a lot of its history at destinations such as the Chickamauga and Chattanooga National Military Park or Fort Pillow State Historic Park. Or visit the Carter House and Canton to gain a better understanding of the effect the war had on the country as a whole.

There were some sad moments in Tennessee's history, but the state is now an affordable, charming, and economically sound place to live. Luckily, Tennessee also has many well-priced rent-to-own homes available for you to choose from.

Tennessee Frequently Asked Questions

Tennessee has a walk score of

Tennessee has a bike score of

The state tax rate is 0% 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
Browse Rent to own Locations Below
Browse All Rent to Own Listings