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 440
1 of 94 6163 NASH DR
Rent To Own
 
Single Family Home
Colorado Springs, CO 80925
4
3
1698 ft2
2020
4 S Hayman Ave
Rent To Own
Park Hill
Single Family Home
Colorado Springs, CO 80910
5
2
1960 ft2
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
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
1 of 19 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
Hot
369 DOE CIR
Rent To Own
 
Single Family Home
Franktown, CO 80116
5
4
4992 ft2
1991
1 of 23 826 BARR AVE
Rent To Own
 
Single Family Home
Canon City, CO 81212
2
1
888 ft2
1978
1 of 23 1819 YAKIMA LN
Rent To Own
Belmont
Single Family Home
Pueblo, CO 81001
4
2
1440 ft2
1965
1 of 20 1802 W 27TH ST
Rent To Own
 
Single Family Home
Pueblo, CO 81003
2
1
816 ft2
1952
1 of 9 1511 ZUNI RD
Rent To Own
Belmont
Single Family Home
Pueblo, CO 81001
2
1
875 ft2
1954
1 of 13 1708 E 17TH ST
Rent To Own
East Side
Single Family Home
Pueblo, CO 81001
3
2
1218 ft2
1955
1 of 18 1023 abriendo avenue
Rent To Own
Aberdeen
Single Family Home
Pueblo, CO 81004
2
1
0 ft2
1 of 16 4613 GRAY FOX HTS
Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3
2
1156 ft2
2004
New
1 of 33 4517 GRAY FOX HTS
Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3
2
1240 ft2
2003
1 of 21 4456 GRAY FOX HTS
Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3
2
1500 ft2
2017
1204 NEZ PERCE DR
Rent to Own Eligible
Cimarron Hills
Single Family Home
Colorado Springs, CO 80915
3
2
1632 ft2
1971
5482 HAMMOND DR
Rent to Own Eligible
Rustic Hills
Single Family Home
Colorado Springs, CO 80915
3
2
1482 ft2
2020
2013 SUSSEX LN
Rent to Own Eligible
Palmer Park
Single Family Home
Colorado Springs, CO 80909
3
2
2061 ft2
1978
7233 ELECTRONIC DR
Rent to Own Eligible
Springs Ranch
Single Family Home
Colorado Springs, CO 80922
4
3
2692 ft2
2020
7890 IRISH DR
Rent to Own Eligible
Cimarron Hills
Single Family Home
Colorado Springs, CO 80951
4
4
2780 ft2
2007
2113 FERNWOOD DR
Rent to Own Eligible
Pikes Peak Park
Single Family Home
Colorado Springs, CO 80910
4
2
1653 ft2
1970
1 of 2 4660 GATEWOOD DR
Rent to Own Eligible
Gateway Park
Single Family Home
Colorado Springs, CO 80916
3
2
1498 ft2
1978
6436 KILKENNY CT
Rent to Own Eligible
Ridgeview
Single Family Home
Colorado Springs, CO 80923
3
3
2723 ft2
2012
1 of 102 7388 WATERMAN WAY
Rent to Own Eligible
Springs Ranch
Single Family Home
Colorado Springs, CO 80922
4
4
2484 ft2
2000
5472 HAMMOND DR
Rent to Own Eligible
Rustic Hills
Single Family Home
Colorado Springs, CO 80915
4
3
1994 ft2
2020
3616 FAIRMONT PL
Rent to Own Eligible
Park Hill
Single Family Home
Colorado Springs, CO 80910
3
2
1816 ft2
1965
1 of 80 3153 LOOT DR
Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80939
5
3
3176 ft2
2020
3455 KIRKWOOD DR
Rent to Own Eligible
Deerfield Hills
Single Family Home
Colorado Springs, CO 80916
3
2
1401 ft2
1984
1862 ZEBULON DR
Rent to Own Eligible
Pikes Peak Park
Single Family Home
Colorado Springs, CO 80910
2
2
992 ft2
1984
1 of 116 2565 NADINE DR
Rent to Own Eligible
Southborough
Single Family Home
Colorado Springs, CO 80916
4
2
1728 ft2
1971
2603 PONY CLUB LN
Rent to Own Eligible
Springs Ranch
Single Family Home
Colorado Springs, CO 80922
4
3
2612 ft2
2019
1 of 88 6373 SHOOTING IRON WAY
Rent to Own Eligible
Ridgeview
Single Family Home
Colorado Springs, CO 80923
5
3
3160 ft2
2008
3339 UNION JACK WAY
Rent to Own Eligible
Briargate
Single Family Home
Colorado Springs, CO 80920
4
3
2984 ft2
2018
1 of 67 6119 SCOUT DR
Rent to Own Eligible
Sundown
Single Family Home
Colorado Springs, CO 80923
3
3
1860 ft2
1996
1 of 135 3824 SWAINSON DR
Rent to Own Eligible
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3
3
1838 ft2
2012
10675 WINGFIEL LN
Rent to Own Eligible
 
Single Family Home
Peyton, CO 80831
5
3
3058 ft2
2020
1 of 15 4848 Kerry Lynn Vw
Rent to Own Eligible
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
2
2
1358 ft2
2009
1 of 34 6617 PROUD EAGLE CT
Rent to Own Eligible
Cimarron Hills
Single Family Home
Colorado Springs, CO 80915
2
2
960 ft2
1985
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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.