Rent to own Homes in Colorado Springs, CO

What do Fannie Mae Duncan and Nikola Tesla have in common? For starters, they both lived in Colorado Springs. More importantly, they were forward-thinking, innovative individuals - Duncan as a civic activist, and Tesla as a scientist. But that's what Colorado Springs is all about - the city has a history of visionary, forward-thinking leadership and adapting with the times. General William Jackson Palmer passed through Pikes Peak in July of 1869 and was in awe of the colorful foliage and soothing springs in the area. He envisioned building a desirable city against this scenic backdrop, and the rest is history. He founded "The Springs" on July 31, 1871 - two short years after the concept came to mind.

General Palmer did more than surveying and plotting the area. He raised money for parks, streets, and infrastructure, so the city could hit the ground running. He also brought the Denver and the Rio Grande railroad to provide easy access to the city. Colorado Springs became an immediate hit, attracting the wealthy, artists, writers, and inventors looking to operate in a calm environment. The city's population continued to grow despite many obstacles over the years. A fire destroying the downtown in 1898, natural disasters, and the Great Depression didn't prevent Colorado Springs from adapting and reinventing itself.

Colorado Springs, CO is a great place for affordable rent-to-own homes! With a median household income of over $67,719 and a median rent of $1,196, the Colorado Springs, CO 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 Colorado Springs, CO. 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 Colorado Springs, CO rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1 of 97 6163 NASH DR
Rent To Own
 
Single Family Home
Colorado Springs, CO 80925
4
3
1698 ft2
2020
New
1 of 26 2411 E YAMPA ST
Rent To Own
Divine Redeemer
Single Family Home
Colorado Springs, CO 80909
1
1
576 ft2
1946
6941 WINNICUT DR
Rent To Own
 
Single Family Home
Colorado Springs, CO 80925
4
4
2253 ft2
2020
(Undisclosed Address)
Rent To Own
 
Single Family Home
Colorado Springs, CO 80911
2
2
1138 ft2
1960
(Undisclosed Address)
Rent To Own
Briargate
Single Family Home
Colorado Springs, CO 80920
4
3
3268 ft2
4 S Hayman Ave
Rent To Own
Park Hill
Single Family Home
Colorado Springs, CO 80910
5
2
1960 ft2
8084 PARSONAGE LN
Rent To Own
Cimarron Hills
Single Family Home
Colorado Springs, CO 80951
4
3
1994 ft2
2006
Hot
1 of 14 9421 TORECCO CT
Rent To Own
 
Single Family Home
Fountain, CO 80817
5
4
2037 ft2
2014
16590 REMINGTON RD
Rent To Own
 
Single Family Home
Colorado Springs, CO 80908
4
3
3190 ft2
1999
404 SHIELD RD
Rent To Own
 
Single Family Home
Fountain, CO 80817
3
2
1182 ft2
1971
1 of 20 24403 MAIN ST
Rent To Own
 
Single Family Home
Elbert, CO 80106
2
1
1057 ft2
1978
23230 HANDLE RD
Rent To Own
 
Single Family Home
Calhan, CO 80808
3
2
2768 ft2
1973
369 DOE CIR
Rent To Own
 
Single Family Home
Franktown, CO 80116
5
4
4992 ft2
1991
1 of 15 3111 BALTIMORE AVE
Rent To Own
 
Single Family Home
Pueblo, CO 81008
3
1
1080 ft2
1962
1 of 17 1511 ZUNI RD
Rent To Own
Belmont
Single Family Home
Pueblo, CO 81001
2
1
875 ft2
1954
New
1 of 15 1708 E 17TH ST
Rent To Own
East Side
Single Family Home
Pueblo, CO 81001
3
2
1218 ft2
1955
1 of 19 618 E 6TH ST
Rent To Own
East Side
Single Family Home
Pueblo, CO 81001
3
2
1464 ft2
1900
1 of 4 306 E 2ND ST
Rent To Own
Downtown
Single Family Home
Pueblo, CO 81003
3
3
1500 ft2
1908
New
1 of 20 130 32 1/2 LN
Rent To Own
 
Single Family Home
Pueblo, CO 81006
4
2
1360 ft2
1968
1 of 15 701 ARLEN AVE
Rent To Own
Sunset
Single Family Home
Pueblo, CO 81005
2
1
720 ft2
1950
1 of 16 729 ARLEN AVE
Rent To Own
Sunset
Single Family Home
Pueblo, CO 81005
2
1
720 ft2
1949
1 of 27 4228 GRAY FOX HTS
Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3
2
1508 ft2
2020
1 of 25 4456 GRAY FOX HTS
Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3
2
1500 ft2
2017
New
1 of 24 551 BELLEVUE PL
Rent To Own
Mesa Junction
Single Family Home
Pueblo, CO 81004
3
2
1200 ft2
1919
New
5138 RAINBOW HARBOUR CIR
Rent to Own Eligible
Old Farm
Single Family Home
Colorado Springs, CO 80917
2
2
1205 ft2
1982
New
2603 PONY CLUB LN
Rent to Own Eligible
Springs Ranch
Single Family Home
Colorado Springs, CO 80922
4
3
2612 ft2
2019
Hot New
4369 KINGFISHER PT
Rent to Own Eligible
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3
2
1600 ft2
2020
1 of 86 6785 PARKRIDGE CT
Rent to Own Eligible
Cimarron Hills
Single Family Home
Colorado Springs, CO 80915
3
2
1276 ft2
1983
New
7035 STREAMWOOD PT
Rent to Own Eligible
Springs Ranch
Single Family Home
Colorado Springs, CO 80922
3
2
1494 ft2
2001
New
4260 MCPHERSON AVE
Rent to Own Eligible
Village Seven
Single Family Home
Colorado Springs, CO 80909
3
3
2792 ft2
1983
920 GREENBRIER DR
Rent to Own Eligible
Gateway Park
Single Family Home
Colorado Springs, CO 80916
3
2
1508 ft2
1983
2035 REED GRASS WAY
Rent to Own Eligible
Cimarron Hills
Single Family Home
Colorado Springs, CO 80915
5
4
3429 ft2
2012
1 of 56 2603 WEYBURN WAY
Rent to Own Eligible
Springs Ranch
Single Family Home
Colorado Springs, CO 80922
5
4
2366 ft2
2000
New
850 RED THISTLE VW
Rent to Own Eligible
Gateway Park
Single Family Home
Colorado Springs, CO 80916
2
3
1235 ft2
2007
1 of 54 5437 TENNESSEE PASS DR
Rent to Own Eligible
Village Seven
Single Family Home
Colorado Springs, CO 80917
3
2
1392 ft2
1984
New
4343 WOMACK DR
Rent to Own Eligible
Rustic Hills
Single Family Home
Colorado Springs, CO 80915
4
2
1750 ft2
1965
7005 Prairie Finch Hts
Rent to Own Eligible
Stetson Hills
Townhouse/Condo
Colorado Springs, CO 80922
3
2
1243 ft2
2006
1 of 17 4481 N Carefree Cir
Rent to Own Eligible
Village Seven
Townhouse/Condo
Colorado Springs, CO 80917
2
1
730 ft2
1972
4192 GRAY FOX HTS
Rent to Own Eligible
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3
1
1560 ft2
2021
3092 PONY TRACKS DR
Rent to Own Eligible
Springs Ranch
Single Family Home
Colorado Springs, CO 80922
3
3
2048 ft2
1994
New
4218 VERNAL CIR
Rent to Own Eligible
Gateway Park
Single Family Home
Colorado Springs, CO 80916
3
2
1362 ft2
1995
7575 SHALLOW BROOKE PL
Rent to Own Eligible
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
5
4
3137 ft2
2015
New
411 LAKEWOOD CIR #B916
Rent to Own Eligible
Park Hill
Townhouse/Condo
Colorado Springs, CO 80910
2
2
1152 ft2
1974
807 HUTCHINSON DR
Rent to Own Eligible
Memorial Park
Single Family Home
Colorado Springs, CO 80910
2
1
1098 ft2
1969
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Buying a Home in Colorado Springs, CO

Colorado Springs, CO is seeing rapid growth and Colorado Springs, CO's' housing market remains not optimal with an average home price that is 35% above the 2024 national average. Colorado Springs, CO is part of El Paso 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 El Paso is 0.47% which is below the national average, which is 0.99%.

Median Home Price in Colorado Springs, CO

Median Rent in Colorado Springs, CO

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

Average Cost of Living in Colorado Springs

Colorado Springs is reasonably affordable for the area. The cost of living in the city is 4.5% higher than the national average and 16.6% lower than Colorado's average. Though groceries and transportation are typically more expensive in resort towns, in Colorado Springs, they are 1.6% and 4.9% lower than the United States' average. Fort Carson is the most affordable municipality in the area, and its cost of living is only 8.7% lower than Colorado Springs. Black Forest, the most expensive city surrounding the Springs, is 41.7% higher. It's great to be able to live in a resort city without having to worry about high living expenses.

Average Home Prices in Colorado Springs

Colorado's housing prices are toward the expensive side. The median cost of a home in the state is $384,800 - more than $150,000 higher than the U.S. average of $231,200. Colorado Springs homes fall closer to the lower of the two at $287,900. Houses in Fort Carson and Stratmoor cost $219,000 and $218,800 on average. The median cost in Black Forest is $574,700. Home prices in Colorado Springs are average for the area and low for the state. And that means you can get a rent-to-own home in Colorado Springs without paying the premium you'd expect for such a fantastic city.

Colorado Springs Statistics

If you're interested in Colorado Springs rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Colorado Springs statistics compared to the U.S. national average.

Colorado Springs AveragesNational Averages
One-Way Commute21.8 minutes26.4 minutes
Violent Crime23.622.7
Property Crime52.035.4
Unemployment Rate3.3%3.9%
Income Tax Rate4.6%4.6%
Air Quality6958
Water Quality9355
Median Household Income$54,228$53,482
Median Property Taxes$1,400$2,200
Utilities$176/month$112/month
Monthly Rent$1,070$1,470
Median Home Cost$287,900$231,200
Median Home Age34 years40 years

Popular Amenities and Attractions in Colorado Springs

Pikes Peak is a 14,115-foot summit in the Southern Rocky Mountains. The breathtaking views from atop the mountain inspired Katharine Lee Bates to write the now-famous song, "America the Beautiful," while the lively verdure was part of what motivated William Palmer to found Colorado Springs. Mountain biking and hiking trails run through the northern and southern slopes of the peak, and visitors holding a state license can go fishing in its many ponds. Drive the Pikes Peak Highway to the summit for views that stretch beyond Colorado to Arizona, New Mexico, Utah, and Kansas.

The Colorado Springs Pioneers Museum is a great place to study the early settlement of Colorado Springs and the Pikes Peak region. In addition to its educational artifacts and exhibits, the museum hosts entertaining tours of its 1903 structure and the surrounding area. Visit the Peterson Air and Space Museum to explore the planes and learn about some of the historic flights out of Peterson Air Force Base. The city puts lots of work into its downtown. Enjoy tours, events, live music, arts, and hundreds of shops and restaurants. Fountains and a tree-filled recreational park bring a green, calming effect to the area.

The city's population of 478,221 is 14.6% higher than a decade ago. The clean mountain air attracts tourists from around the world. Thanks to its relatively affordable real estate market, you can reap the benefits that Palmer sowed by buying a Colorado Springs rent-to-own home. Colorado Springs was a dream come true for General Palmer - surpassing what he had hoped to accomplish many times over. You can view the rent-to-own homes in Colorado Springs to turn this fabulous city into a reality for yourself as well.