How to Find Rent to Own Homes in Florida

By PropertyClub Team
May 8th 2024
Rent-to-own programs allow prospective homeowners to rent a property while they work toward fixing their credit or saving for a down payment. Then, once they are ready, the applicant has the option to purchase the home they’ve been renting directly from the landlord. If you live in the sunshine state and may be interested in this type of arrangement, here are the best rent-to-own programs in Florida.

Make sure to check out our list of the 10 most dangerous cities in Florida to stay informed about areas that may pose safety concerns.

hash-markRent to Own Homes Programs in Florida

  1. Home Partners of America
  2. Divvy Homes
  3. Dream America
  4. Landis
  5. TRIO
  6. Rent Solutions (Tampa area)
  7. Alexa Buys Houses (Central Florida)
  8. Little Pink Houses of America (Jacksonville)
  9. Melanie Helps Owners (Miami)
  10. Florida Future Realty (Cape Coral and Ft. Meyers)

hash-mark1. Home Partners of America

Home Partners of America is one of the largest rent-to-own programs in America and operates in several areas of Florida, including Fort Meyers, Miami, Jacksonville, Sarasota, Tampa, and more. Applicants must have at least $40,000 of verifiable income, be able to pass a background check, and have no open Chapter 7 bankruptcies to quality. 

hash-mark2. Divvy Homes

Divvy is a California-based fintech company that offers a rent-to-own option in several major metro areas across Florida, including Orlando, Tampa, Fort Lauderdale, Jacksonville, Fort Meyers, and more. Applicants must have a FICO score of at least 550, a minimum monthly income of $2,500, and be able to pass a background check.

hash-mark3. Dream America 

Dream America is one of the country’s top rent-to-own programs and serves several major markets in Florida, including Tampa, Orlando, Jacksonville, and several others. They’re great for home shoppers working on their credit because you can qualify with a FICO score as low as 500 if you have at least $4,000 in verifiable income, 12 months of on-time payments, and $8,000 or more in savings.

hash-mark4. Landis 

Landis is a homeownership program available in several coastal and metro areas across Florida, including Miami, Fort Lauderdale, West Palm Beach, Orlando, Tampa, Fort Meyers, Jacksonville, and Tallahassee. Applicants must have a FICO score of at least 550, $30,000 of verifiable income, and at least $3,000 of savings to qualify.

hash-mark5. TRIO

Trio is a home financing solution that offers a rent-to-own program for first-time homebuyers, recent college graduates, and self-employed contractors. They operate all over Florida except for Miami, Port St. Lucie, and Fort Lauderdale. To qualify for financing, applicants must have at least a 580-credit score, a monthly income of $36,000, and 12 months of positive payment history.

hash-mark6. Rent Solutions (Tampa) 

Rent Solutions is a Tampa-based property management company that offers a “homeowner in training” program, which allows applicants to rent while building their credit and saving for a down payment. Applicants must pay a 3-5% option-to-buy fee, which allows them to buy the home through an easy purchase program once they have their finances in order.  

hash-mark7. Alexa Buys Houses (Central Florida)

Alexa Buys Houses is a local real estate investment company based in Central Florida that is run by real estate investor Alexa Mechna. They buy and flip houses all across Central Florida, from Alachua to Gulf County. In addition to buying houses for cash, they also have a rent-to-own program to help local homebuyers who may have gone through bankruptcy or foreclosure or have inconsistent work history. Their lease option program allows applicants to pay a fee to lease the home, giving them the option to purchase it at a later date.

hash-mark8. Little Pink Houses of America (Jacksonville) 

Little Pink Houses of America is a lease-to-own investment company based in Jacksonville that makes homeownership more affordable for average Americans through lease-to-own, lease purchase, or owner financing programs. Their team has over 100 years of combined experience helping homeowners overcome barriers to mortgage approval, and they offer solutions tailored to each applicant’s unique financial situation.

hash-mark9. Melanie Helps Owners (Miami) 

Melanie Helps Owners is a division of Amunra Realty, a Miami-based investment company owned by local realtor Melanie Bergero. They flip houses in the Miami-Dade area and offer a rent-to-own program for local homeowners searching for an affordable move-in ready home. The typical homes included in their Miami-Dade rent-to-own program are 2-4 bedrooms with 1,400 – 2,500 square feet and upgraded kitchens and bathrooms. They also partner with larger rent-to-own programs like Divvy and help with the application process to provide homeowners even more options to find the perfect residence.

hash-mark10. Florida Future Realty (Cape Coral and Ft. Meyers)

Florida Future Realty is a real estate brokerage offering a rent-to-own program for homeowners searching for properties in Cape Coral, Ft. Meyers, Bonita Springs, Naples, and Lehigh Acres. Through their right-to-purchase program, applicants can lease a property from them, with the option to purchase within 3 to 5 years. Applicants must have a household income of at least $50,000 and be able to pass a background check and credit check with no history of evictions or pending bankruptcies.

hash-markFlorida Rent-to-Own Homes Programs Bottom Line

Rent-to-own programs are a great way to find the perfect home and settle in while you work on your finances. You’ll find many reputable rent-to-own programs in Florida, so the best thing to do is research them all to find the perfect solution for you and your family.