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
4 S Hayman Ave
5 Beds, 2 Baths
Rent To Own
Park Hill
Single Family Home
Colorado Springs, CO 80910
1,960 Sqft
6163 NASH DR
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Colorado Springs, CO 80925
1,698 Sqft | Built in 2020
6941 WINNICUT DR
4 Beds, 4 Baths
Rent To Own
 
Single Family Home
Colorado Springs, CO 80925
2,253 Sqft | Built in 2020
8084 PARSONAGE LN
4 Beds, 3 Baths
Rent To Own
Cimarron Hills
Single Family Home
Colorado Springs, CO 80951
1,994 Sqft | Built in 2006
Hot
1 of 22 130 FOX AVE
4 Beds, 2 Baths
Rent To Own
Broadmoor
Single Family Home
Colorado Springs, CO 80905
3,534 Sqft | Built in 1952
(Undisclosed Address)
2 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Colorado Springs, CO 80911
1,138 Sqft | Built in 1960
(Undisclosed Address)
4 Beds, 3 Baths
Rent To Own
Briargate
Single Family Home
Colorado Springs, CO 80920
3,268 Sqft
Hot
1 of 14 9421 TORECCO CT
5 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Fountain, CO 80817
2,037 Sqft | Built in 2014
Rent to own homes offer low monthly payments and flexible terms.
16590 REMINGTON RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Colorado Springs, CO 80908
3,190 Sqft | Built in 1999
23230 HANDLE RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Calhan, CO 80808
2,768 Sqft | Built in 1973
369 DOE CIR
5 Beds, 4 Baths
Rent To Own
 
Single Family Home
Franktown, CO 80116
4,992 Sqft | Built in 1991
1 of 32 5 BRIDGEPORT CIR
2 Beds, 1 Bath
Rent To Own
Sky View
Single Family Home
Pueblo, CO 81003
728 Sqft | Built in 1981
Hot New
1720 SHERIDAN RD
3 Beds, 1 Bath
Rent To Own
Belmont
Single Family Home
Pueblo, CO 81001
1,770 Sqft | Built in 1957
1 of 19 803 E 13TH ST
3 Beds, 1 Bath
Rent To Own
East Side
Single Family Home
Pueblo, CO 81001
1,024 Sqft | Built in 1939
1 of 23 109 N CHESTER AVE
3 Beds, 1 Bath
Rent To Own
Downtown
Single Family Home
Pueblo, CO 81003
1,141 Sqft | Built in 1900
1 of 15 803 JACKSON ST
4 Beds, 1 Bath
Rent To Own
State Fair
Single Family Home
Pueblo, CO 81004
838 Sqft | Built in 1942
818 BROWN AVE
3 Beds, 1 Bath
Rent To Own
State Fair
Single Family Home
Pueblo, CO 81004
1,040 Sqft | Built in 1929
1 of 37 4719 PINE MARTEN PT
3 Beds, 2 Baths
Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
1,198 Sqft | Built in 2001
1 of 12 4 HONEYSUCKLE RD
1 Bed, 1 Bath
Rent To Own
 
Single Family Home
Woodland Park, CO 80863
665 Sqft | Built in 1959
New
1 of 32 210 S 7TH ST
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Victor, CO 80860
792 Sqft | Built in 1898
1 of 22 1806 JERRY MURPHY RD
3 Beds, 1 Bath
Rent To Own
Belmont
Single Family Home
Pueblo, CO 81001
960 Sqft | Built in 1963
6025 CALLAN DR
3 Beds, 2.25 Baths
Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80927
2,326 Sqft | Built in 2020
Hot New
890 RED MESA DR
3 Beds, 2.5 Baths
Rent to Own Eligible
Cheyenne Hills
Single Family Home
Colorado Springs, CO 80906
1,549 Sqft | Built in 1972
New
7665 SIOUX CIR N
5 Beds, 2.25 Baths
Rent to Own Eligible
Cimarron Hills
Single Family Home
Colorado Springs, CO 80915
2,474 Sqft | Built in 2015
New
1738 WILDWOOD DR
3 Beds, 2 Baths
Rent to Own Eligible
Falcon Estates
Single Family Home
Colorado Springs, CO 80918
1,960 Sqft | Built in 1966
1401 S MONTEREY RD
3 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80910
1,602 Sqft | Built in 2019
6855 NARROW GAUGE ST
4 Beds, 2 Baths
Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80911
1,786 Sqft | Built in 1972
8986 ROCKMONT TER
5 Beds, 3 Baths
Rent to Own Eligible
Briargate
Single Family Home
Colorado Springs, CO 80920
3,067 Sqft | Built in 2001
New
7115 WHITE MOUNTAIN DR
3 Beds, 1.5 Bath
Rent to Own Eligible
Cimarron Hills
Single Family Home
Colorado Springs, CO 80915
1,195 Sqft | Built in 1972
4696 MONTEBELLO DR
4 Beds, 2 Baths
Rent to Own Eligible
Vista Grande
Single Family Home
Colorado Springs, CO 80918
2,134 Sqft | Built in 1977
New
7205 METROPOLITAN ST
3 Beds, 2 Baths
Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80911
1,786 Sqft | Built in 1972
7883 TOMPKINS RD
2 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Peyton, CO 80831
2,051 Sqft | Built in 2002
4635 BLUESTEM LN
3 Beds, 1.5 Bath
Rent to Own Eligible
Old Farm
Single Family Home
Colorado Springs, CO 80917
1,459 Sqft | Built in 1973
New
7762 MOUNTAIN LAUREL DR
3 Beds, 2.5 Baths
Rent to Own Eligible
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
1,553 Sqft | Built in 2005
920 BINGER DR
3 Beds, 2.5 Baths
Rent to Own Eligible
Fountain Valley Ranch
Single Family Home
Colorado Springs, CO 80911
1,349 Sqft | Built in 1995
New
6339 RESPLENDENT CT
3 Beds, 2.25 Baths
Rent to Own Eligible
Wolf Ranch
Single Family Home
Colorado Springs, CO 80924
3,310 Sqft | Built in 2018
910 W COLORADO AVE
3 Beds, 2.75 Baths
Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80905
1,904 Sqft | Built in 1899
5031 ARDLEY DR
3 Beds, 3.5 Baths
Rent to Own Eligible
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
2,156 Sqft | Built in 1998
2516 BROADWAY ST
5 Beds, 3 Baths
Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80904
2,175 Sqft | Built in 1978
New
1577 MONTEREY RD #C
2 Beds, 2 Baths
Rent to Own Eligible
 
Townhouse/Condo
Colorado Springs, CO 80910
1,294 Sqft | Built in 2005
12248 ISLE ROYALE DR
5 Beds, 3.5 Baths
Rent to Own Eligible
 
Single Family Home
Peyton, CO 80831
3,066 Sqft | Built in 2005
6715 GOLD DROP DR
3 Beds, 2.5 Baths
Rent to Own Eligible
Ridgeview
Single Family Home
Colorado Springs, CO 80923
2,756 Sqft | Built in 2015
3704 INDIANPIPE CIR
2 Beds, 1.5 Bath
Rent to Own Eligible
Garden Ranch
Single Family Home
Colorado Springs, CO 80918
1,256 Sqft | Built in 1968
6550 DELMONICO DR #303
2 Beds, 1.5 Bath
Rent to Own Eligible
Rockrimmon
Townhouse/Condo
Colorado Springs, CO 80919
1,172 Sqft | Built in 1973
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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 2023 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 2023 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.

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