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
8352 NOREEN FALLS DR
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Rent To Own
Wolf Ranch
Single Family Home
Colorado Springs, CO 80924
4
3
2782 ft2
2022
4 S Hayman Ave
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Rent To Own
Park Hill
Single Family Home
Colorado Springs, CO 80910
5
2
1960 ft2
6941 WINNICUT DR
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Rent To Own
 
Single Family Home
Colorado Springs, CO 80925
4
4
2253 ft2
2020
(Undisclosed Address)
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Rent To Own
 
Single Family Home
Colorado Springs, CO 80911
2
2
1138 ft2
1960
(Undisclosed Address)
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Rent To Own
Briargate
Single Family Home
Colorado Springs, CO 80920
4
3
3268 ft2
1 of 48 6163 NASH DR
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Rent To Own
 
Single Family Home
Colorado Springs, CO 80925
4
3
1698 ft2
2020
8084 PARSONAGE LN
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Rent To Own
Cimarron Hills
Single Family Home
Colorado Springs, CO 80951
4
3
1994 ft2
2006
1522 S TEJON ST
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Rent To Own
Ivywild
Single Family Home
Colorado Springs, CO 80905
2
2
2334 ft2
1914
2220 E La Salle Street
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Rent To Own
Divine Redeemer
Single Family Home
Colorado Springs, CO 80909
4
4
1859 ft2
2021
New
1 of 12 2595 wooddale road
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Rent To Own
Stratmoor Valley
Single Family Home
Colorado Springs, CO 80906
3
2
0 ft2
Address Withheld
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Rent To Own
Indian Heights
Multifamily (2 - 4 Units)
Colorado Springs, CO 80907
6
2
3252 ft2
2023
16590 REMINGTON RD
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Rent To Own
 
Single Family Home
Colorado Springs, CO 80908
4
3
3190 ft2
1999
22325 Cattlemen Run
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Rent To Own
 
Single Family Home
Calhan, CO 80808
4
3
2208 ft2
2024
485 Galveston Trace
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Rent To Own
 
Single Family Home
Calhan, CO 80808
4
3
1620 ft2
2024
471 Galveston Trace
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Rent To Own
 
Single Family Home
Calhan, CO 80808
4
3
1620 ft2
2024
457 Galveston Trace
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Rent To Own
 
Single Family Home
Calhan, CO 80808
4
3
2208 ft2
2024
443 Galveston Trace
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Rent To Own
 
Single Family Home
Calhan, CO 80808
4
3
2001 ft2
2024
22337 Cattlemen Run
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Rent To Own
 
Single Family Home
Calhan, CO 80808
4
3
2208 ft2
2024
23230 HANDLE RD
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Rent To Own
 
Single Family Home
Calhan, CO 80808
3
2
2768 ft2
1973
Address Withheld
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Rent To Own
 
Single Family Home
Elbert, CO 80106
2
1
960 ft2
1971
24403 MAIN ST
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Rent To Own
 
Single Family Home
Elbert, CO 80106
2
1
960 ft2
1978
20909 STATE HIGHWAY 67
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Rent To Own
 
Single Family Home
Divide, CO 80814
2
2
0 ft2
1929
New
1 of 9 131 W MASONIC AVE
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Rent To Own
 
Single Family Home
Cripple Creek, CO 80813
3
1
1099 ft2
1940
499 Galveston Trace
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Rent To Own
 
Single Family Home
Calhan, CO 80808
4
3
2208 ft2
2024
New
1 of 41 24 PINERIDGE CT
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Rent To Own
Belmont
Single Family Home
Pueblo, CO 81001
2
2
928 ft2
1985
New
1 of 19 501 W 27TH ST
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Rent To Own
 
Single Family Home
Pueblo, CO 81003
3
1
1031 ft2
1948
New
2505 DENVER BLVD
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Rent To Own
Sky View
Single Family Home
Pueblo, CO 81003
2
1
990 ft2
1954
New
1 of 32 710 may street
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Rent To Own
 
Single Family Home
Rockvale, CO 81244
3
1
0 ft2
80 Blackburn Ln
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Rent To Own
Belmont
Multifamily (2 - 4 Units)
Pueblo, CO 81001
4
4
997 ft2
1997
New
1 of 22 2716 E 15TH ST
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Rent To Own
Eastwood
Single Family Home
Pueblo, CO 81001
4
2
1540 ft2
1954
New
1 of 14 1123 E 9TH ST
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Rent To Own
East Side
Single Family Home
Pueblo, CO 81001
2
1
720 ft2
1910
12568 BOGGS ST
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Rent To Own
 
Single Family Home
Parker, CO 80134
3
3
1440 ft2
2023
New
1 of 23 4162 GRAY FOX HTS
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Rent To Own
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
2
2
1339 ft2
2006
New
1 of 21 505 main street
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Rent To Own
 
Single Family Home
Rockvale, CO 81244
1
1
0 ft2
2814 WESTWOOD BLVD
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Rent to Own Eligible
Garden Ranch
Single Family Home
Colorado Springs, CO 80918
4
3
2267 ft2
1969
4783 BRIDLE PASS DR
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Rent to Own Eligible
Norwood
Single Family Home
Colorado Springs, CO 80923
4
3
2128 ft2
1999
6633 W Dublin Loop
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Rent to Own Eligible
Pulpit Rock
Single Family Home
Colorado Springs, CO 80918
2
1
869 ft2
1972
6823 SNOWBIRD TER
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Rent to Own Eligible
Pulpit Rock
Single Family Home
Colorado Springs, CO 80918
4
4
2260 ft2
1979
6755 Delmonico Drive
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Rent to Own Eligible
Discovery
Single Family Home
Colorado Springs, CO 80919
2
2
1305 ft2
1999
1 of 22 140 W Rockrimmon Blvd
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Rent to Own Eligible
Rockrimmon
Townhouse/Condo
Colorado Springs, CO 80919
1
1
792 ft2
1983
6540 ALBERTA DR
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Rent to Own Eligible
Pulpit Rock
Single Family Home
Colorado Springs, CO 80918
3
2
1543 ft2
1981
5940 Eagle Glen View
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Rent to Own Eligible
Rockrimmon
Single Family Home
Colorado Springs, CO 80919
3
3
2175 ft2
2023
5011 FOSSIL BUTTE DR
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Rent to Own Eligible
Sundown
Single Family Home
Colorado Springs, CO 80923
2
2
3384 ft2
1999
1 of 31 2307 CONSERVATORY PT
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Rent to Own Eligible
Garden Ranch
Single Family Home
Colorado Springs, CO 80918
4
3
2673 ft2
2010
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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.