Our rent-to-own program gives you the chance to live in a home you love today while building toward buying it tomorrow. A portion of your monthly rent is credited toward the future purchase price — so every payment gets you closer to ownership.
Whether you're rebuilding credit, saving for a down payment, or simply not ready to commit to a mortgage yet, our program is designed to meet you where you are.
Four simple steps stand between you and the keys to your home.
Complete our simple rental application. We consider your full financial picture — not just your credit score.
Select from our portfolio of rent-to-own eligible properties across Champaign-Urbana and surrounding areas.
We'll work with you on a lease-purchase agreement that outlines your purchase option price, term, and rent credits.
Live in your home, build credit, save for closing costs, and exercise your purchase option when you're ready.
See how our program compares to traditional options.
| Feature | Traditional Rent | Rent-to-Own Best for You | Traditional Buy |
|---|---|---|---|
| Large Down Payment | Not required | Not required | Required (3–20%) |
| Build Toward Ownership | No | Yes | Yes |
| Flexible Credit Requirements | Yes | Yes | Strict requirements |
| Lock In Purchase Price | No | Yes | Yes |
| Rent Credits Applied | No | Yes | N/A |
| Option to Walk Away | Yes | Yes | Complex exit |
| Maintenance Support | Landlord handles | Landlord handles | Owner's responsibility |
On-time rent payments help establish a positive payment history, boosting your credit profile over time.
Your purchase price is set at the start of the agreement — protecting you from rising property values.
A portion of every rent payment is credited toward your down payment or purchase price reduction.
Agreement terms of 1–3 years give you the time you need to get financially prepared without pressure.
During your lease period, Hughes handles major maintenance — so you can focus on saving.
Life changes. If your situation shifts, you have the option — not the obligation — to purchase.
Our rent-to-own program is designed to be accessible. Here's what we typically look for:
Not sure if you qualify? Contact us — we review every application personally.
Free application — no commitment required
Typically 10–20% of your monthly rent payment is credited toward the purchase price or closing costs. The exact percentage is outlined in your lease-purchase agreement and varies by property and terms negotiated.
Yes. One of the biggest advantages of our program is that your purchase option price is agreed upon and locked in at the time you sign your lease-purchase agreement, protecting you from market increases.
There is no obligation to purchase. If your circumstances change, you can simply not exercise your purchase option at the end of the lease term. Note that rent credits accumulated do not carry forward if you choose not to buy.
No. We understand that life events can impact credit. We review each application individually, considering your full financial picture including income stability, rental history, and your path toward improvement.
During your lease period, Hughes Real Estate handles major maintenance and repairs, just as with a standard rental. As you transition toward ownership, responsibilities may shift — this is outlined in your agreement.
Minor cosmetic changes (painting, décor) are generally permitted. Structural changes or major renovations require prior written approval from Hughes Real Estate. Any approved improvements may add value toward your purchase.
Our programs typically run 12 to 36 months, giving you time to build credit, save for closing costs, and arrange mortgage financing. The term is agreed upon upfront and can sometimes be extended by mutual agreement.
Our team is here to walk you through every step. Apply today or call us to discuss your situation — no pressure, no obligation.
