Rent to own Homes in Austin, MN
Home to creative minds like musicians John Maus and Neal Doughty of REO Speedwagon, and record store mogul and music composer Geordie Hormel, this small town in southeastern Minnesota was settled by weary travelers making their way across the country via wagon train. The area is named after these settlers, who planted roots near the Cedar River. Now home to Hormel headquarters and canned meat product SPAM, along with a museum dedicated to the flexible food, the town has grown and is often called Spam Town USA.
Austin, MN is a great place for affordable rent-to-own homes! With a median household income of over $48,730 and a median rent of $815, the Austin, MN 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 Austin, MN. 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.
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Austin, MN is seeing rapid growth and Austin, MN's' housing market remains optimal with an average home price that is -48% below the 2025 national average. Austin, MN is part of Mower 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 2025 for county Mower is 0.87% which is below the national average, which is 0.99%.
Median Home Price in Austin, MN
Median Rent in Austin, MN
Top 7 Reasons to Live in Austin, MN
Brush up on local lore! Learn about the family that played a part in the town's success by visiting the Hormel Historic Home. Tours are provided, and special events are held in the house or in the gardens. For a peek into the past, tour 16 homes at the Mower County Historical Society and view exhibits that give visitors an idea what it was like to live in the area ages ago.
Large homes, low costs! Rent to own houses in the Austin Acres neighborhood typically have three to five bedrooms, and the median cost is $183,654, lower than 48.1 percent of towns statewide. Residents have easy access to Interstate 90 and Turtle Creek, which offers fishing for walleye and largemouth bass.
The arts, at your fingertips! Whether you like to visit the galleries or try a hands-on approach to pottery, painting, and woodwork, ArtWorks Center has you covered. Hanging exhibits and wares mingle with art space, and locals can take courses and create handmade artwork. Swing by the Coffee House On Main and pick up a beverage to serve as your creative muse for the day.
Affordable rentals! Seek solace in Rose Creek or Brownsdale, where average monthly rental costs are $435, lower than 94.7 percent of Minnesota neighborhoods. You'll find smaller single-family units available. Residents can enjoy the Jay C. Hormel Nature Center, which offer hiking trails and cross country skiing. The Old Mill Restaurant, with riverside views, craft beer, and great prime rib, is nearby.
Unwind and pamper! When locals need a refresher they head to Healing Palms Spa, offering customized massage work, detoxification programs, and cleansing. Once relaxed, head to The Edge Salon to tackle unruly ends and jazz up a dull hair style.
Eat sustainable! Residents support area agriculture by shopping at the Austin Area Farmers Market. Vendors include Otter Creek Ranch and Sister Moon Herbals.
Raise a glass with friends! When you need liquid refreshments, hunker down at area favorites like the Windrift Lounge or B&J Bar.
