Rent to own Homes in Oak Park, MI

Kitty-corner to Royal Oak and just north of the Detroit border, Oak Park finds itself in one of the most convenient areas of Metro Detroit. Minutes from Woodward Avenue, Interstate 75 and the Lodge freeway, Downtown Detroit is easily accessed from the heart of Metro Detroit that is Oak Park. However, Oak Park remains its own community with its own culture. A quick walk through of the city reveals an entrepreneurial spirit; family-owned restaurants, community gardens and start-ups are all standard features.

Oak Park, MI is a great place for affordable rent-to-own homes! With a median household income of over $54,202 and a median rent of $1,123, the Oak Park, MI 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 Oak Park, MI. 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 Oak Park, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
14050 MANHATTAN ST
Rent To Own
 
Single Family Home
Oak Park, MI 48237
3
2
1061 ft2
1949
502 ALBANY ST
Rent To Own
Downtown Ferndale
Single Family Home
Ferndale, MI 48220
3
1
1150 ft2
1928
15484 NORTHLAWN ST
Rent To Own
Harmony Village
Single Family Home
Detroit, MI 48238
3
1
1243 ft2
1926
204 W BRENTWOOD ST
Rent To Own
State Fair-Nolan
Single Family Home
Highland Park, MI 48203
3
1
1056 ft2
1951
7274 Lamphere St
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
2
1
748 ft2
1949
8685 FORD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
3
1
1200 ft2
1948
11092 PACKARD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
850 ft2
1951
13057 PROSPECT AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
900 ft2
1952
25404 HANOVER ST
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
2
3
1344 ft2
1940
8900 E Jefferson Ave APT 718
Rent To Own
Belle Isle
Single Family Home
Detroit, MI 48214
1
1
600 ft2
1966
1002 MAHAFFEY AVE
Rent To Own
 
Single Family Home
Rochester, MI 48307
3
2
1017 ft2
1958
Hot
13518 POPLAR ST
Rent To Own
 
Single Family Home
Southgate, MI 48195
2
1
660 ft2
1949
42260 FIVE MILE RD
Rent To Own
 
Single Family Home
Plymouth, MI 48170
4
3
2414 ft2
2014
20592 MAPLEWOOD ST
Rent To Own
 
Single Family Home
Riverview, MI 48193
4
3
2472 ft2
1974
24120 OXFORD ST
Rent To Own
 
Single Family Home
Clinton Township, MI 48036
3
3
1900 ft2
1953
1375 RED BARN DR
Rent To Own
 
Single Family Home
Oxford, MI 48371
3
1
2028 ft2
1966
1 of 14 525 Maloney Street
Rent To Own
 
Multifamily (2 - 4 Units)
Oxford, MI 48371
3
3
2519 ft2
1977
New
45669 HARMONY LN
Rent To Own
 
Single Family Home
Van Buren Township, MI 48111
4
2
0 ft2
1966
51319 GEDDES RD
Rent To Own
 
Single Family Home
Canton, MI 48188
2
1
823 ft2
1937
3680 ALLEN RD
Rent To Own
 
Single Family Home
Ortonville, MI 48462
4
4
4400 ft2
1991
134 N MILFORD RD
Rent To Own
Downtown Highland
Single Family Home
Highland, MI 48357
1
2
1808 ft2
1885
4652 ALLORE RD
Rent To Own
 
Single Family Home
Newport, MI 48166
2
1
816 ft2
1950
1442 RILEY CENTER RD
Rent To Own
 
Single Family Home
Riley, MI 48041
3
2
1853 ft2
1991
1 of 33 10549 HART AVE
Rent To Own
 
Single Family Home
Huntington Woods, MI 48070
3
2
1177 ft2
1946
2190 DOROTHEA RD
Rent To Own
 
Single Family Home
Berkley, MI 48072
3
2
1085 ft2
1945
1 of 18 19 Woodward Hts. Blvd.
Rent To Own
 
Multifamily (2 - 4 Units)
Pleasant Ridge, MI 48069
4
3
2014 ft2
1940
1 of 23 427 LaPrarie St.
Rent To Own
 
Multifamily (2 - 4 Units)
Ferndale, MI 48220
3
1
1125 ft2
1941
1 of 18 1007 E 2ND ST
Rent To Own
 
Single Family Home
Royal Oak, MI 48067
3
2
1243 ft2
1929
Hot
1 of 9 18523 PEMBROKE AVE
Rent To Own
Evergreen
Single Family Home
Detroit, MI 48219
3
3
1764 ft2
1947
Hot
1 of 25 30423 MARSHALL ST
Rent To Own
 
Single Family Home
Southfield, MI 48076
3
1
1146 ft2
1926
1 of 23 131 N VERMONT AVE
Rent To Own
 
Single Family Home
Royal Oak, MI 48067
4
2
1275 ft2
1948
19450 WARWICK ST
Rent To Own
Evergreen
Single Family Home
Detroit, MI 48219
3
1
1092 ft2
1950
1 of 6 627 GOLF AVE
Rent To Own
 
Single Family Home
Royal Oak, MI 48073
3
2
1455 ft2
1975
3408 STARR RD
Rent To Own
 
Single Family Home
Royal Oak, MI 48073
3
1
969 ft2
1950
1 of 14 15410 Ferguson
Rent To Own
Cerveny
Single Family Home
Detroit, MI 48235
3
2
1164 ft2
1172 BIRD AVE
Rent To Own
 
Single Family Home
Birmingham, MI 48009
3
3
2230 ft2
1926
1 of 26 4909 North Crooks Road Apt C7
Rent To Own
 
Multifamily (2 - 4 Units)
Royal Oak, MI 48073
2
1
804 ft2
1965
1523 CHAPIN AVE
Rent To Own
 
Single Family Home
Birmingham, MI 48009
3
2
1202 ft2
1952
1291 HUMPHREY AVE
Rent To Own
 
Single Family Home
Birmingham, MI 48009
3
4
2106 ft2
2014
1 of 43 893 HAZEL ST
Rent To Own
 
Single Family Home
Birmingham, MI 48009
5
6
3000 ft2
2018
Hot
1 of 9 16501 BURT RD
Rent To Own
Rosedale Park
Single Family Home
Detroit, MI 48219
3
1
1074 ft2
1942
1 of 24 4282 Waverly
Rent To Own
Winter Halter
Single Family Home
Detroit, MI 48204
6
3
2350 ft2
1 of 22 732 GRAEFIELD CT
Rent To Own
 
Townhouse/Condo
Birmingham, MI 48009
2
1
906 ft2
1949
1 of 25 12736 SANTA ROSA DR
Rent To Own
Winter Halter
Single Family Home
Detroit, MI 48238
5
3
26000 ft2
1926
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Neighborhoods in Oak Park, MI

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Popular Zip Codes in Oak Park, MI

48237 rent to own homes

Buying a Home in Oak Park, MI

Oak Park, MI is seeing rapid growth and Oak Park, MI's' housing market remains optimal with an average home price that is -40% below the 2024 national average. Oak Park, MI is part of Oakland 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 Oakland is 1.75% which is above the national average, which is 0.99%.

Median Home Price in Oak Park, MI

Median Rent in Oak Park, MI

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

6 Reasons to Love Living in Oak Park, MI

Property Prosperity! Though the recession was tough on many areas of Michigan, in the last few years all of Southeastern Michigan has been making a notable recovery, particularly Oak Park! House prices have been up 20 percent this year alone -- exceeding statewide averages, notably the Vincent Park neighborhood and the Burton Homes Manor condominium complex.

House Hunter's Paradise! Oak Park is currently going through a housing boom. With the market up and sales happening left and right, it's both a buyer's AND a seller's market in Oak Park. Rent to own homes and homes for sale are going fast, so make sure to check in consistently with the various neighborhoods for a fit that's for you. Buyers may be interested in the North Oak Park and Verdun Heights neighborhoods.

Fun for All Seasons! Shepard Park, with two basketball courts and an indoor ice rink, is one of the prime features Oak Park has to offer. Lessenger Park is also located within the city.

Working All The Live-Long Day! Moving to Oak Park for reasons other than business? You'll need a job then, won't you? While you settle into a home, you can also check out the Oak Park Michigan Works Center. It's a one-stop solution to getting into the work force. They provide all kinds of services from resume building to job sourcing. The Southfield financial district is a quick drive up the Lodge, and the Northland Mall borders the city proper.

Vast Culinary Choices! From Zeeman's New York Kosher Bakery to Falafel from the Pita Cafe, fabulous restaurants and cafes vigorously abound from neighborhood to neighborhood and often find venues to compete against one another in various cook-offs throughout the year. Look for chili cook-offs starting at the beginning of December!

Outdoor Recreation! With over 10 parks to choose from in just under 8 miles, you can be sure that attention to conservation and keeping Oak Park green is a huge priority for the city. Besides parks, the Rackham Golf Course and the Detroit Zoo are juxtaposed with the city