Rent to own Homes in Berwyn, IL
Classic Housing. Berwyn calls itself the "City of Homes" and with good reason. Most homes in town reflect the classic "Chicago Bungalow" style, or Victorian-era "painted ladies" architecture. With no shortage of classic buildings, odds are there's a rent-to-own home in Berwyn that suits your tastes.
Berwyn, IL is a great place for affordable rent-to-own homes! With a median household income of over $61,915 and a median rent of $995, the Berwyn, IL 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 Berwyn, IL. 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.
More Berwyn, IL Property Resources
Rent to own Homes in Cities Near Berwyn, IL
- Alsip
- Bannockburn
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Burnham
- Chicago Heights
- Downers Grove
- Elmhurst
- Evanston
- Forest Park
- Frankfort
- Frankfort Square
- Glendale Heights
- Glen Ellyn
- Glenview
- Golf
- Hanover Park
- Highland Park
- Highwood
- Hodgkins
- Hometown
- Indian Head Park
- La Grange Park
- Lincolnshire
- Lockport
- Lombard
- Markham
- Marley
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Naperville
- Niles
- Oak Brook
- Oakbrook Terrace
- Oak Forest
- Palatine
- Palos Heights
- Rosemont
- Schaumburg
- Schiller Park
- Thornton
- Westchester
- Willow Springs
- Wilmette
Neighborhoods in Berwyn, IL
Berwyn rent to own homesPopular Zip Codes in Berwyn, IL
60402 rent to own homesBuying a Home in Berwyn, IL
Berwyn, IL is seeing rapid growth and Berwyn, IL's' housing market remains not optimal with an average home price that is 4% above the 2024 national average. Berwyn, IL is part of Cook 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 Cook is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Berwyn, IL
Median Rent in Berwyn, IL
Top 14 Reasons to Live in Berwyn
Real American music. Berwyn entertainment tends to have a real American flavor. The American Music Festival, held over the 4th of July weekend at Fitzgerald's night club, draws national attention for its line-up of blues, rockabilly, country and bluegrass acts. Similar diversity is on display at Berwyn's Summer Park Concert Series, which features big band, jazz, and rock sounds throughout the warmer months.
Affordable, but increasing, home values. The median home value in Berwyn still sits just shy of $150,000. Still, home values have increased by double digits in recent years, making it a great time to get into a rent to own housing arrangement in Berwyn.
Car lovers delight. The legendary Route 66 passes through Berwyn on its way to California. The town hosts the Route 66 car show draws more than 10,000 visitors to its annual showcase of classic cars, vans and trucks. On a smaller scale, regular Cruise Nights are held in downtown Berwyn, giving local auto buffs a chance to show off their wheels.
Near, but clear, of the city. Berwyn sits just off the Chicago city line, making it an attractive choice for young home buyers. If you want to live near City excitement, with the space and affordability of the suburbs, Berwyn delivers.
Fodder for foodies. Berwyn's mixture of down-home and diverse can be seen in its restaurant scene. Wishbone Restaurant has drawn praise from Rolling Stone and Gourmet magazine for its southern-inspired cooking. For a treat from even further south, locals turn to the fresh fruit popsicle and other Mexican snack food at Paleteria La Tropicana.
Young and prosperous neighbors. By virtue of its proximity to Chicago and its many attractions, Berwyn has become a popular choice for folks who like a mix of small town homeyness and big city excitement. Whether you're looking to buy or rent to own homes, you can do so here!
Center of the action. Berwyn is not only close to Chicago, but it's right off the main highway arteries. The Eisenhower expressway runs through the northern part of town into downtown Chicago, while another major route, the Stevenson, is just a few miles to the south. A commuter rail stop also serves local commuters.
History in your home. Berwyn was named the "best neighborhood for bungalows" by This Old House magazine, and has received preservation grants from the National Park Service and Illinois Register of Historic Homes. You can find houses that are both for sale or rent to own.
Cool clubs. Where you find a lot of twenty-something homesteaders, odds are you'll find interesting night life, too. Local club Cigars and Stripes features live acts (comedy and music), but a wide selection of craft beers and fine cigars. For a taste of the blues, trek to the Harlem Lounge, where local and nationally known bluesmen play almost every night.
A real sweet spot. Newcomers to Berwyn with a sweet tooth soon discover Old Fashioned Candies. This landmark candy store has been making its own sweets for more than three decades. If pastries more your style, check out Pierre's Bakery, with more than 6,000 sq. feet of sweet delicacies on display -- and for sale.
A place for parks. For historical reasons, Berwyn actually has two park districts. Between them they manage two cultural centers along with more than a dozen parks and recreational facilities. Kids love Freedom Park, with its soccer field, water park, and playground area. Adults often grow fond of Proksa Park, which allows residents to rent garden boxes as part of a community gardening project.
A dog-gone good time. Every dog has its day in Berwyn. The Annual Great American Mutt show takes place each spring, awarding prizes to the best of the mixed breed set. Every dog's a winner Karban Dog Park, where dogs are free to run unleashed, and owners can find the space they need to teach and train their pets.
Commitment to culture. In addition to the usual fitness programs, Berwyn's Park district offers kids classes in dance, guitar and magic. For adults, the 16th street Theater offers a regular series of modern plays featuring local actors.