Rent to own Homes in Lebanon, IN

On March 1, 1830, General James Drake and Colonel George L. Kinnard founded a town on three tracts of land. Over 184 years later, their "City of Promise" has evolved into the "Friendly City," a bustling community of just over 22,000 people. Lebanon is located just outside of Indianapolis and is known for its rich history and its sense of tradition. Move here to enjoy small town charm with a short drive to the city.

Lebanon, IN is a great place for affordable rent-to-own homes! With a median household income of over $54,160 and a median rent of $782, the Lebanon, IN 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 Lebanon, IN. 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 Lebanon, IN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
9910 N COUNTY ROAD 1075 E
Rent To Own
 
Single Family Home
Brownsburg, IN 46112
2
2
2134 ft2
1954
1026 JEFFERSON AVE
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
5
4
2678 ft2
1920
904 N KEYSTONE AVE
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
4
3
2000 ft2
1915
1 of 28 234 N TACOMA AVE
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
4
4
1889 ft2
1920
Hot
1907 N BANCROFT ST
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46218
2
1
1557 ft2
1941
4456 N KENYON AVE
Rent To Own
Devington
Single Family Home
Indianapolis, IN 46226
3
1
1598 ft2
1959
7220 FORRESTER LN
Rent To Own
Southern Dunes
Townhouse/Condo
Indianapolis, IN 46217
3
3
1721 ft2
2005
5807 ARROWHEAD BLVD
Rent To Own
Indian Heights
Single Family Home
Kokomo, IN 46902
3
1
936 ft2
1960
1 of 58 11695 HORIZON CT
Rent To Own
Masthead
Single Family Home
Fishers, IN 46037
4
6
2170 ft2
1987
3545 S SADLIER DR
Rent To Own
Five Points
Single Family Home
Indianapolis, IN 46239
3
2
1606 ft2
1957
3000 N Apperson Way TRLR 407
Rent To Own
 
Single Family Home
Kokomo, IN 46901
3
2
1216 ft2
2022
502 E SOUTH ST
Rent To Own
 
Townhouse/Condo
Lebanon, IN 46052
4
2
2100 ft2
1881
Hot
1 of 22 7028 CHRISTOPHER CT
Rent To Own
 
Single Family Home
Brownsburg, IN 46112
4
3
2542 ft2
1977
1 of 65 8556 PRESERVATION WAY
Rent To Own
 
Single Family Home
Indianapolis, IN 46278
4
4
4026 ft2
2016
Hot
1 of 21 231 WOODRIDGE DR
Rent To Own
Pittsboro
Single Family Home
Pittsboro, IN 46167
3
2
1574 ft2
2007
Hot
1 of 25 11954 MANNINGS PASS
Rent To Own
 
Single Family Home
Zionsville, IN 46077
4
4
4185 ft2
2013
504 S CALIFORNIA ST
Rent To Own
 
Townhouse/Condo
Sheridan, IN 46069
4
2
1515 ft2
1900
103 S CALIFORNIA ST
Rent To Own
 
Single Family Home
Sheridan, IN 46069
3
2
1078 ft2
1900
Hot
1 of 3 103 E 4TH ST
Rent To Own
 
Single Family Home
Sheridan, IN 46069
1
1
800 ft2
1860
Hot
1 of 10 506 S JACKSON ST
Rent To Own
 
Single Family Home
Frankfort, IN 46041
4
2
2380 ft2
1914
6916 STARKEY RIDGE LN
Rent To Own
Augusta - New Augusta
Single Family Home
Indianapolis, IN 46268
3
2
1546 ft2
1993
1 of 4 13462 SPOTSWOOD ST
Rent To Own
The Village Of West Clay
Single Family Home
Carmel, IN 46032
5
5
4696 ft2
2005
Hot
1 of 10 2102 OAK RUN NORTH DR
Rent To Own
St Vincent - Greenbriar
Single Family Home
Indianapolis, IN 46260
2
2
1441 ft2
1986
Hot
1 of 12 10371 BUCKSHIRE LN
Rent To Own
 
Single Family Home
Indianapolis, IN 46234
3
2
1190 ft2
2003
1027 WATERTOWN DR
Rent To Own
Centennial
Single Family Home
Westfield, IN 46074
4
4
4178 ft2
2003
Hot
1 of 36 245 WINSLOW DR
Rent To Own
Countryside
Single Family Home
Westfield, IN 46074
3
3
2515 ft2
2002
10254 CARROLLTON AVE
Rent To Own
Home Place
Single Family Home
Carmel, IN 46280
3
2
1310 ft2
1955
1 of 12 2255 S COUNTY ROAD 125 W
Rent To Own
 
Single Family Home
Danville, IN 46122
4
4
3074 ft2
1971
1 of 37 8001 WESTFIELD BLVD
Rent To Own
North Central
Single Family Home
Indianapolis, IN 46240
5
6
6490 ft2
1929
1601 E 77TH ST
Rent To Own
North Central
Single Family Home
Indianapolis, IN 46240
3
3
2987 ft2
1934
9150 KERWOOD DR
Rent To Own
Nora - Far Northside
Single Family Home
Indianapolis, IN 46240
3
3
3291 ft2
1949
Hot
1 of 23 5383 BUCKINGHAM LN
Rent To Own
 
Townhouse/Condo
Plainfield, IN 46168
3
3
1947 ft2
2015
Hot
1 of 2 5048 W BAY RD
Rent To Own
 
Single Family Home
Plainfield, IN 46168
3
3
2680 ft2
2000
Hot
1 of 21 2115 E 110TH ST
Rent To Own
 
Single Family Home
Carmel, IN 46032
3
2
2420 ft2
1968
Hot
1 of 27 6140 INDIANOLA AVE
Rent To Own
Broad Ripple
Single Family Home
Indianapolis, IN 46220
2
1
836 ft2
1927
1 of 35 6026 INDIANOLA AVE
Rent To Own
Broad Ripple
Single Family Home
Indianapolis, IN 46220
5
3
3300 ft2
1930
Hot
4241 PAYNE DR
Rent To Own
 
Townhouse/Condo
Plainfield, IN 46168
2
2
1472 ft2
2018
Hot
1 of 11 3528 SNOWDON DR
Rent To Own
 
Single Family Home
Westfield, IN 46074
4
3
4301 ft2
2018
3505 BIRCHWOOD AVE
Rent To Own
Mapleton - Fall Creek
Single Family Home
Indianapolis, IN 46205
3
2
2352 ft2
1913
Hot
1 of 4 2531 DELL ZELL DR
Rent To Own
Millersville
Single Family Home
Indianapolis, IN 46220
3
1
1144 ft2
1950
5598 So. County Road 0
Rent To Own
 
Multifamily (2 - 4 Units)
Clayton, IN 46118
4
2
2762 ft2
Hot
2906 MARS HILL ST
Rent To Own
Mars Hill
Single Family Home
Indianapolis, IN 46241
2
1
816 ft2
1930
1 of 49 6091 HUNTERS RIDGE DR
Rent To Own
 
Single Family Home
Plainfield, IN 46168
4
3
2648 ft2
1996
Hot
1 of 14 17942 VILLAGE WAY
Rent To Own
Pebble Brook
Single Family Home
Noblesville, IN 46062
4
3
2310 ft2
1993
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Neighborhoods in Lebanon, IN

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Popular Zip Codes in Lebanon, IN

46052 rent to own homes

Buying a Home in Lebanon, IN

Lebanon, IN is seeing rapid growth and Lebanon, IN's' housing market remains optimal with an average home price that is -38% below the 2024 national average. Lebanon, IN is part of Boone 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 Boone is 1.02% which is above the national average, which is 0.99%.

Median Home Price in Lebanon, IN

Median Rent in Lebanon, IN

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

Top 6 Reasons to Live in Lebanon, IL

Affordable home purchases! As of this year, homes in this small city cost an average of $113,000. Some of the best deals can be found near W Chicago Street, and in the east, near Ulen Boulevard.

Highly sought-after properties! Currently, only 5 percent of the homes in Lebanon are available for rent or purchase. While affordable, there aren't many vacancies, so rent to own houses are a highly sought-after commodity. After a day of house hunting, hungry visitors can eat French cuisine at the Bijou Restaurant just south of the Courthouse or get traditional diner fare at Sigler's Restaurant, a former 1800s bank.

Enjoy the great outdoors! Families who visit the "Friendly City" might enjoy a stroll through Abner Longley Park, where the famous Indianapolis Symphony Orchestra plays. Abner Longley Park also hosts a number of attractions, including Halloween, Independence Day, and sports events, as does Lebanon Memorial Park. The 40-acre recreational area is dedicated to the veterans of World War I. In September, the park hosts exciting civil war re-enactments and pioneer demonstrations.

Get your fill of Lebanon history! For the history lovers, Lebanon has carefully preserved several landmarks built over a century ago. The Boone County Courthouse is one such landmark, built in 1912. It's in the center of Lebanon and home to the largest limestone pillars in the world. The Cragun Home, built in 1893, doubles as a museum and the headquarters for the Boone County Historical Society.

Enjoy some rich entertainment! Art and music enthusiasts can fall in love with Lebanon's historic theater. Having started as a milk factory in 1913, the Theatre at the Milk Building has transformed into a center for the arts. Backstage, the show continues with preserved vintage movie posters, artifacts, and even a rare 1975 Bricklin vehicle. You'll also love the annual Symphony at Sunset performance by the Indianapolis Symphony Orchestra held at Abner Longley Park every 4th of July.

Do some downtown shopping! For a bit of shopping, drive downtown to the Downtown Connersville Historic District and take a walk through the memorable Fayette County Courthouse Square.