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 300
(Undisclosed Address)
4 Beds, 3 Baths
Rent To Own
Briargate
Single Family Home
Colorado Springs, CO 80920
3,268 Sqft
1 of 8 2453 E WILLAMETTE AVE
3 Beds, 2 Baths
Rent To Own
Divine Redeemer
Single Family Home
Colorado Springs, CO 80909
816 Sqft | Built in 1890
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
4 S Hayman Ave
5 Beds, 2 Baths
Rent To Own
Park Hill
Single Family Home
Colorado Springs, CO 80910
1,960 Sqft
6941 WINNICUT DR
4 Beds, 4 Baths
Rent To Own
 
Single Family Home
Colorado Springs, CO 80925
2,253 Sqft | Built in 2020
(Undisclosed Address)
2 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Colorado Springs, CO 80911
1,138 Sqft | Built in 1960
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
1 of 22 24403 MAIN ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Elbert, CO 80106
1,057 Sqft | Built in 1978
1 of 11 141 DOUGLAS LN
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Pueblo, CO 81001
1,216 Sqft | Built in 1979
1 of 16 2812 WEST ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Pueblo, CO 81003
660 Sqft | Built in 1900
1 of 33 2719 DENVER BLVD
2 Beds, 1 Bath
Rent To Own
Sky View
Single Family Home
Pueblo, CO 81003
720 Sqft | Built in 1952
1 of 8 811 MYRTLE AVE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Canon City, CO 81212
880 Sqft | Built in 1893
1 of 31 1608 W 20TH ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Pueblo, CO 81003
1,404 Sqft | Built in 1930
1 of 16 912 E 1ST ST
3 Beds, 1 Bath
Rent To Own
Lower East Side
Single Family Home
Pueblo, CO 81001
848 Sqft | Built in 1904
1 of 11 544 BROWN AVE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Pueblo, CO 81004
858 Sqft | Built in 1929
New
1 of 32 4695 PINE MARTEN PT
3 Beds, 2 Baths
Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
1,428 Sqft | Built in 2001
1 of 6 408 S 9TH ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Colorado Springs, CO 80905
768 Sqft | Built in 1919
1 of 17 127 PROSPECT ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Cripple Creek, CO 80813
1,736 Sqft | Built in 1900
New
1 of 10 729 ELM AVE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Canon City, CO 81212
1,200 Sqft | Built in 1958
New
1 of 25 1925 N GRAND AVE
2 Beds, 1 Bath
Rent To Own
Northside
Single Family Home
Pueblo, CO 81003
1,321 Sqft | Built in 1926
New
1 of 26 301 POLK ST
2 Beds, 2 Baths
Rent To Own
Mesa Junction
Single Family Home
Pueblo, CO 81004
1,732 Sqft | Built in 1925
1 of 40 217 WASHINGTON ST
3 Beds, 1 Bath
Rent To Own
Bessemer
Single Family Home
Pueblo, CO 81004
1,217 Sqft | Built in 1923
1 of 21 192 SIOUX CIR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Canon City, CO 81212
1,610 Sqft | Built in 2005
Hot
1 of 5 4410 VALENCIA CIR
6 Beds, 4 Baths
Rent To Own
Village Seven
Single Family Home
Colorado Springs, CO 80917
3,700 Sqft | Built in 1973
Hot
1 of 10 10439 MESA VIEW CT
3 Beds, 2.5 Baths
Rent To Own
Mesa
Townhouse/Condo
Poncha Springs, CO 81242
1,499 Sqft | Built in 2015
Hot
1 of 30 8350 CAMFIELD CIR
4 Beds, 3.5 Baths
Rent To Own
Briargate
Single Family Home
Colorado Springs, CO 80920
2,470 Sqft | Built in 1990
Hot
1 of 33 8074 DE ANZA PEAK TRL
3 Beds, 2.5 Baths
Rent To Own
Wolf Ranch
Single Family Home
Colorado Springs, CO 80924
3,139 Sqft | Built in 2019
Hot
902 QUERIDA DR
4 Beds, 2 Baths
Rent To Own
Knob Hill
Single Family Home
Colorado Springs, CO 80909
1,200 Sqft | Built in 1963
Hot
1 of 30 4958 DESERT VARNISH DR
4 Beds, 3 Baths
Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
1,451 Sqft | Built in 2003
Hot
1 of 40 4842 TURNING LEAF WAY
3 Beds, 2.5 Baths
Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
2,034 Sqft | Built in 2005
1 of 23 7350 HERITAGE RD
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Colorado Springs, CO 80925
2,874 Sqft | Built in 1986
Hot
1 of 32 4655 JENSON LN
5 Beds, 3.5 Baths
Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3,509 Sqft | Built in 2004
1 of 25 3610 W PIKES PEAK AVE
1 Bed, 1 Bath
Rent To Own
 
Single Family Home
Colorado Springs, CO 80904
424 Sqft | Built in 1910
Hot
1 of 35 5350 LANSBURY PL
6 Beds, 4 Baths
Rent To Own
Broadmoor Bluffs
Single Family Home
Colorado Springs, CO 80906
4,410 Sqft | Built in 1998
Hot
1820 WOODBURN ST
3 Beds, 1.5 Bath
Rent To Own
Broadmoor
Single Family Home
Colorado Springs, CO 80905
1,332 Sqft | Built in 1910
Hot
1 of 7 6268 GEMFIELD DR
5 Beds, 3 Baths
Rent To Own
Vista Grande
Single Family Home
Colorado Springs, CO 80918
2,628 Sqft | Built in 1996
Hot
1 of 18 2020 FERNWOOD DR
3 Beds, 2 Baths
Rent To Own
Pikes Peak Park
Single Family Home
Colorado Springs, CO 80910
1,332 Sqft | Built in 1970
1 of 39 7470 TOBIN RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Colorado Springs, CO 80908
4,452 Sqft | Built in 2000
1 of 37 6279 LEON YOUNG DR
5 Beds, 3 Baths
Rent To Own
Wolf Ranch
Single Family Home
Colorado Springs, CO 80924
3,492 Sqft | Built in 2013
1 of 33 8335 GRAND PEAK SUMMIT VW
4 Beds, 3.5 Baths
Rent To Own
Briargate
Single Family Home
Colorado Springs, CO 80920
3,101 Sqft | Built in 2016
1125 MANITOU AVE
5 Beds, 4 Baths
Rent To Own
 
Multifamily (5+ Units)
Manitou Springs, CO 80829
2,400 Sqft | Built in 1965
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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.

Colorado Springs, CO Frequently Asked Questions

Colorado Springs, CO has a walk score of

Colorado Springs, CO has a bike score of

The state tax rate is 4.55% on top of the federal tax rate of 10 to 37%.

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