Rent To Own houses in Illinois, USA

 The housing market has seen a lot of changes over the past few years. One that is quickly picking up steam, and becoming more common every day, is renting to own homes in Illinois. 

Renting to own is one of the newest trends in home ownership because it offers many benefits for both landlords and renters alike. For landlords, rental agreements with an option to buy are an excellent way to ensure that they will eventually have a steady stream of income from their property as well as increase the value of their land due to appreciation after purchase. For tenants who want to buy but don't have enough saved up or who don’t qualify for a mortgage yet, renting-to-own can be an attractive alternative because it gets them into homeownership and allows them to build equity in their home as they pay rent.

 

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    62379, Webster, Warsaw, Hancock, Illinois
    2 Bd, 1 Baths
    $120 per month
    62946, Sloan, Harrisburg, Saline, Illinois
    3 Bd, 1 Baths
    $444 per month
    62054, Mill, Kane, Greene, Illinois
    3 Bd, 1 Baths
    $450 per month
    62025, Fillmore, Edwardsville, Madison, Illinois
    3 Bd, 2 Baths
    $456 per month
    60643, 115Th, Chicago, Cook, Illinois
    3 Bd, 1.5 Baths
    $503 per month
    61265, 44Th, Moline, Rock Island, Illinois
    2 Bd, 1 Baths
    $509 per month
    62281, Washington, Saint Jacob, Madison, Illinois
    2 Bd, 1 Baths
    $510 per month
    62812, Reed, Benton, Franklin, Illinois
    3 Bd, 1 Baths
    $534 per month
    60527, Kingery Quarter Rd, Willowbrook, Dupage, Illinois
    1 Bd, 1 Baths
    $537 per month
    60649, E 78Th St Apt 2B, Chicago, Cook, Illinois
    1 Bd, 1 Baths
    $540 per month
    61265, 31St, Moline, Rock Island, Illinois
    2 Bd, 1 Baths
    $599 per month
    62959, Russell, Marion, Williamson, Illinois
    2 Bd, 2 Baths
    $660 per month
    62025, Union, Edwardsville, Madison, Illinois
    3 Bd, 1 Baths
    $709 per month
    62901, Violet, Carbondale, Jackson, Illinois
    3 Bd, 2 Baths
    $714 per month
    60047, Rand, Kildeer, Lake, Illinois
    $719 per month

Getting in on the rent to own homes in Illinois trend will be beneficial for you and your family because of what it has to offer. Rent to own homes in Illinois are a great opportunity for renters who want to buy their own home but don't have the necessary funds or credit history yet. They're also helpful for those who are looking for an alternative to traditional renting because they can build some equity while they pay their rent and establish themselves as reliable tenants. 

 With this added benefit you are also building your credit at the same time. And if the option to buy is exercised, you'll be able to build equity even faster and will have a place of your own, no matter what financial situation you're in; whether it's good or bad.

Do you want to buy a home in Illinois?

Buying a home in Illinois can be stressful. There are many decisions to make, not the least of which is determining how much home you want or can comfortably afford. If you're a first-time buyer, there is a good chance your credit will be insufficient for the down payment or that you'll need some form of assistance. You may also find that your "dream" neighborhood is over-priced and out of reach for what you can financially manage. 

How much does it cost to live in Illinois?

The cost of living in Illinois is fairly high; although it's not as high as in some other states. For instance, the average monthly rent for a two-bedroom apartment is $1,433.00 in Illinois. On the plus side, the state also has great public transportation and many affordable neighborhoods to choose from. 

 

 

 

Which neighborhoods in Illinois are popular?

One of the best things about living in Illinois is that there are so many different neighborhoods to choose from! But sometimes it's hard to know where to even start looking for a new home given all the options. 

The first thing you should do when searching for a new Chicago neighborhood is to decide what type of environment you're looking for. Do you want an urban, busy atmosphere with plenty of restaurants, shops and nightlife? Or maybe you prefer a quieter residential area with great schools and easy access to parks and open spaces? If you're not sure where to start, we've picked out some of our favorite neighborhoods below that will suit every interest:

Lakeview 

This well-known neighborhood is known both by its residents and frequent visitors for its restaurants, clubs and shops. There are many routes to take public transit in Lakeview so getting around is easy. The area also has excellent access to all the great Chicago attractions like Wrigley Field, Lincoln Park Zoo and Grant Park as well as Lake Michigan itself! Not only that, but it's conveniently located near the interstate so getting to and from downtown and other popular neighborhoods is pretty simple.

Lakeview offers a wide variety of housing options that include old school apartment buildings as well as smaller single-family homes. For foodies, Lakeview has some of Chicago's best restaurants, as well as plenty of nightlife including comedy clubs and music venues.

Lincoln Park 

Named after the unique, one-of-a-kind park located in the center of it all, Lincoln Park is a great option for young professionals and college students looking to be in the middle of everything. Although many would consider it a bit pricey for a renter’s budget (rents are higher than $2,000 per month), Lincoln Park is the perfect home base for exploring Chicago’s best attractions.

Lincoln Park is one of Chicago’s most walkable neighborhoods and is located on Lake Michigan with easy access to its beaches. The area has plenty of restaurants, shops, bars and cafés that keep its residents entertained. Residents can easily access the CTA’s Red, Brown and Purple lines to explore even more of Chicago.

If you want to take an afternoon off from exploring the city, Lincoln Park is home to many points of interest including The Peggy Notebaert Nature Museum, Lincoln Park Zoo and North Avenue Beach with its famous beach house.

 

Counties in Illinois

Near cities in Illinois