Rent to own programs are a good option for those who need to make a big purchase now, but can’t afford to pay the whole thing at once. They’re not a good option if you are capable of paying up front, or saving and then paying upfront. You’ll end up paying more overall to rent-to-own than for buying upfront. But for those who need some type of financing — consider rent to own.

Furniture and large appliances can be expensive, and buying them upfront isn’t always an option. There are lots of rent to own options for these items, because lots of people choose rent to own. Businesses cater to these customers too. Here are some of your options if you’re going to rent furniture, and the pros and cons to consider beforehand.

Pros and Cons of Renting to Own

Rent to own programs are popular because they allow people to pay for large purchases over time and usually have lower fees than credit cards (which often have APRs over 20%) and other traditional financing options. But, rent to own programs are without their downsides. Here are some pros and cons to keep in mind if you’re thinking about leasing your next big purchases:

  • Pros
    • You can try out the furniture before you make the final decision to buy it
    • Payments are usually lower than credit cards or small loans
    • Many programs don’t require credit checks or a certain credit score
    • If the program participates in credit reporting, it can help you rebuild a low credit score
    • Stores may offer certain benefits, like delivery, installation, or repairs
  • Cons
    • If the program does a credit check, it might cause your credit score to fall
    • If you default on your payments, the store can repossess the items. In some states, failure to make rental payments can even be charged as criminal theft (because you don’t own the items until the lease terms end).
    • You’ll end up paying more than if you had bought the furniture outright (if you’re not in a hurry, save and buy later — you’ll save money)

If you’re looking to rent to own items other than furniture, have a look at our article, The List of Progressive Leasing Stores. Progressive provides a popular rent to own program to businesses.

Rent to Own Furniture Stores

1. Aaron’s

  • Available items: Furniture and accessories for every room, mattresses, computers, electronics, smartphones, and large appliances.
  • Credit check requirements: Instead of a credit check, the customer must provide income verification, address, and personal references.
  • Payment options: Aaron’s offers flexible lease options of 12, 18, or 24 months as well as 120 days same as cash (90 days in California). Payments can be made online. Paying off the item early will the customer save money. When the last payment is made, the customer owns the item.
  • Locations: Nationwide. Find an Aaron’s near you
  • Delivery options: Free delivery and set up are offered.
  • Start shopping online 

2. Affordable Rent-to-Own

  • Available items: Furniture, computers, electronics, and large appliances. Affordable Rent-to-Own also offers home staging and will work with the homeowner or real estate agent.
  • Credit check requirements: No traditional credit check, customers must fill out an application online or in the store
  • Payment options: Affordable Rent-to-Own offers flexible payment plans that coincide with customers’ paychecks. They also offer six months same as cash and cash and carry. Payment can be made online.
  • Location: Tucson, AZ. Find Affordable Rent-to-Own
  • Delivery options: Free delivery is offered for rent-to-own and six months same as cash customers. Cash and carry and short-term rentals include a delivery fee.
  • Start shopping online 

3. Atlantic Bedding and Furniture

  • Available items: Bedroom, living room, dining room, and office furniture sets, accessories like carpets, pillows and more, mattresses
  • Credit check requirements: None. Customers need to provide the following documents: (1) 30-day bank statement, (2) Most recent pay stub, (3) Photo ID, (4) Voided or Cancelled Check, (5) Copy of Your Last W-2
  • Payment Options: Atlantic uses Progressive Leasing to provide a (1) 90-day payment plan, where you pay the invoice amount and the $49 application processing fee within 90 days of the delivery date, and (2) a 65% buyout option, after 90 days you may own the merchandise outright by simply paying 65% of the balance left on the account.
  • Location: Atlantic has stores in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, and Virginia. Find an Atlantic Bedding and Furniture near you
  • Delivery options: Free delivery is available within 30 miles of any Atlantic store. If you’re more than 30 miles away, delivery may be available for a fee. See Atlantic’s delivery policy.
  • Start shopping online

4. Buddy’s Home Furnishings

  • Available items: Furniture for every room of the house as well as home office equipment, computers, major appliances, outdoor equipment, and air conditioning units.
  • Credit check requirements: Customers must fill out an application. Applications can be completed in the store, over the phone, or online.
  • Payment options: Buddy’s offers flexible payment options with payments accepted online.
  • Locations: Nationwide. Find a Buddy’s store near you
  • Delivery options: Free delivery available.
  • Start shopping online

5. ColorTyme Rent-to-Own

  • Available items: Furniture, large appliances, computers, electronics, smartphones, air conditioners, and home décor items for lease.
  • Credit check requirements: Customers can complete an application online and receive pre-approval in a few minutes. The only requirements are a place to live, income verification, and references.
  • Payment options: ColorTyme offers flexible payment options with no money down, or items can be purchased for cash. Payments can be made online.
  • Locations: Nationwide. Find a ColorTyme near you
  • Delivery options: Same day delivery with set up is free.
  • Start shopping online

6. Conn’s Home Plus

  • Available items: Furniture available for every room of the house in addition to patio furniture, home office furniture, and home décor items. They also lease large appliances, TVs and electronics, and computers.
  • Credit check requirements: Conn’s requires a credit check for both its in-store financing program and store credit card. The in-store financing program offers a no interest promotion on select, qualifying purchases. Many people who have been turned down at other retailers can get financing through this program. Consumers can apply online or in the store and receive approval within minutes. Payments are reported monthly to the three major credit bureaus.
  • Payment options: Consumers have a variety of payment options at Conn’s which include store credit cards, retail installment contracts, rent to own programs, and the store financing program.
  • Locations: The southern half of the United States. Find a Conn’s near you.
  • Delivery options: Conn’s offers next day delivery in its local markets. Conn’s will even haul away used furniture and appliances at any time an appointment is scheduled.
  • Start shopping online 

7. FlexShopper

  • Available items: Furniture for every room of the house, large appliances, small appliances, gaming systems, computers, fitness equipment, musical instruments, tires, and lawn and garden equipment.
  • Credit check requirements: FlexShopper obtains a credit report from either Factor Trust, Inc., or Clarity Services, Inc., but not from any of the three major credit reporting agencies. Customers must fill out an application and have monthly income of at least $1,000, a bank account that has been active for at least 90 days, and no more than one non-sufficient check returned in the last 30 days.
  • Payment options: Payments are due weekly unless the customer can show that he or she is paid bi-weekly or once a month. Payments are automatically withdrawn from the customer’s bank account. Customers also have the options of paying the cash price, 90 days same as cash, or paying for the item early.
  • Locations: Nationwide (online only)
  • Delivery options: FlexShopper ships nationwide
  • Start shopping at FlexShopper

8. National Rent-to-Own

  • Available items: Furniture for every room, computers, electronic equipment, large appliances, TVs, and smartphones.
  • Credit check requirements:
  • Payment options: National Rent-to-Own accepts most major credit and debit cards. The retailer offers 90 days same as cash for customers who wish to pay the cash rental price on the rental agreement in full within 90 days. It also offers flexible payment options to line up with when the customer gets paid. Payments can be made online through the store’s portal.
  • Locations: Missouri and Illinois. Find a National Rent-to-Own near you
  • Delivery options: Free delivery is offered. Deliveries are guaranteed to arrive within 48 hours of purchase.
  • Start shopping online 

9. Rent-2-Own

  • Available items: Furniture, large appliances, computers, electronics, smartphones, gaming equipment, tires, jewelry, and tools.
  • Credit check requirements: No traditional credit check, customers must fill out an application.
  • Payment options: Rent-2-Own provides weekly, bi-weekly, and monthly payment options that align with when the customer gets paid. The store also offers 120 days same as cash. Payments are accepted online.
  • Locations: Ohio and Kentucky. Find a Rent-2-Own store near you.
  • Delivery options: Free delivery and set up are offered.
  • Start shopping online

10. Rent One

  • Available items: Furniture, large appliances, electronics, smartphones, and designer purses and seasonal items
  • Credit check requirements: Customers fill out an application and provide their address, source of income, and personal references.
  • Payment options: Flexible payment options are available, and payments can be made online. Rent One offers a discount to military veterans. The retailer also offers the Care Plus program, which is an optional program for customers who wish to receive additional discounts from retail partners.
  • Locations: Arkansas, Illinois, Kentucky, Ohio, Missouri, and Tennessee. Find a Rent One near you.
  • Delivery options: Delivery options vary by store location.
  • Start shopping online 

11. Sears Lease It Program, and Kmart’s Lease-and-Go Program

  • Available items: Furniture, large appliances, mattresses, electronics, tools, Sears automotive, and lawn and garden equipment
  • Credit check requirements: Instead, the customer must fill out an application and meet the following requirements: be over 18, have a photo ID, have a valid social security number, and verification of income.
  • Payment options: The first payment is made in the store at the time the lease is made, and then an ongoing payment schedule is set up. Applications for lease are taken in the store or over the phone. Leasing terms are for 30, 60, and 90 days with higher interest rates offered for longer lease periods. Payments are automatically taken out of the customer’s bank account.
  • Locations: Nationwide. Find a Sears or Kmart near you.
  • Delivery options: Sears and Kmart charge for delivery. There is a $25 charge for each old appliance you need removed.
  • Start shopping online 

In Summary

And those were rent to own furniture stores. These stores are typically best for those who need furniture now but can’t pay for it upfront, or who need to build their credit. Rent to own stores offer a wide variety of items and flexible payment schedules to work with their customers. If possible, pay off the item early to save money. Shop online and pick out your items before going into the store to save time. Enjoy the versatility of the rent to own experience!