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 32 1522 S TEJON ST
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Rent To Own
Ivywild
Single Family Home
Colorado Springs, CO 80905
2
2
2334 ft2
1914
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
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
4 S Hayman Ave
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Rent To Own
Park Hill
Single Family Home
Colorado Springs, CO 80910
5
2
1960 ft2
1 of 6 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
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
1 of 4 Address Withheld
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Rent To Own
 
Single Family Home
Elbert, CO 80106
2
1
960 ft2
1971
1718 N KEYMAR DR
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Rent To Own
 
Single Family Home
Pueblo, CO 81007
3
2
1362 ft2
2020
499 Galveston Trace
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Rent To Own
 
Single Family Home
Calhan, CO 80808
4
3
2208 ft2
2024
369 DOE CIR
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Rent To Own
 
Single Family Home
Franktown, CO 80116
5
4
4992 ft2
1991
1 of 13 914 C Street
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Rent To Own
 
Single Family Home
Canon City, CO 81212
2
1
1020 ft2
1954
919 CLOVER AVE
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Rent To Own
 
Single Family Home
Canon City, CO 81212
3
2
1124 ft2
1898
43 GLENMORE RD
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Rent To Own
Belmont
Single Family Home
Pueblo, CO 81001
4
4
1739 ft2
1965
4180 BAYTOWN DR
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Rent To Own
 
Single Family Home
Colorado Springs, CO 80916
2
2
1232 ft2
1984
New
4414 SLIDE CIR
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Rent to Own Eligible
Village Seven
Single Family Home
Colorado Springs, CO 80917
4
3
2270 ft2
1970
New
2125 SADDLE PL
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Rent to Own Eligible
Garden Ranch
Single Family Home
Colorado Springs, CO 80918
4
2
1870 ft2
1976
1790 MORAN CT
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Rent to Own Eligible
Cimarron Hills
Single Family Home
Colorado Springs, CO 80915
3
2
1573 ft2
1986
New
3060 KETTLE RIDGE DR
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Rent to Own Eligible
Kettle Creek
Single Family Home
Colorado Springs, CO 80908
3
3
2685 ft2
2015
New
1940 CARMEL DR
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Rent to Own Eligible
Pikes Peak Park
Single Family Home
Colorado Springs, CO 80910
3
1
978 ft2
1970
New
7784 LANDOVER LN
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Rent to Own Eligible
 
Single Family Home
Fountain, CO 80817
4
3
1920 ft2
2013
1 of 38 10986 SCENIC BRUSH DR
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Rent to Own Eligible
 
Single Family Home
Peyton, CO 80831
4
3
3377 ft2
2016
1 of 28 8829 WHITE PRAIRIE VW
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Rent to Own Eligible
Wolf Ranch
Single Family Home
Colorado Springs, CO 80924
2
3
1307 ft2
2016
6215 FLAT IRON CT
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Rent to Own Eligible
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3
2
1560 ft2
1995
New
2182 ALPINE SHADOWS VW
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Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80919
3
3
2757 ft2
2002
8945 PENNYCRESS DR
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Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80925
5
4
3339 ft2
2017
New
1 of 44 6785 BACKCOUNTRY LOOP
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Rent to Own Eligible
Banning Lewis Ranch
Single Family Home
Colorado Springs, CO 80927
4
3
2255 ft2
2018
1 of 2 9320 Traveler Terrace
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Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80908
4
4
1996 ft2
2025
3148 VAIL PASS DR
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Rent to Own Eligible
Village Seven
Single Family Home
Colorado Springs, CO 80917
2
2
992 ft2
1983
8150 MISTY MOON DR
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Rent to Own Eligible
Wolf Ranch
Single Family Home
Colorado Springs, CO 80924
3
3
2955 ft2
2016
1 of 29 3985 VICKSBURG TER
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Rent to Own Eligible
Village Seven
Single Family Home
Colorado Springs, CO 80917
3
3
1910 ft2
1986
7578 LOST PONY PL
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Rent to Own Eligible
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
4
3
2759 ft2
2016
7731 MOUNTAIN LAUREL DR
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Rent to Own Eligible
Stetson Hills
Single Family Home
Colorado Springs, CO 80922
3
4
2127 ft2
2005
7085 Ash Creek Hts
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Rent to Own Eligible
Stetson Hills
Townhouse/Condo
Colorado Springs, CO 80922
2
2
1123 ft2
2004
5295 SILO RDG
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Rent to Own Eligible
Old Farm
Single Family Home
Colorado Springs, CO 80917
4
4
2645 ft2
1987
9402 Brodhead Street
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Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80927
2
3
0 ft2
2025
2719 GOBI DR
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Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80939
3
2
1744 ft2
2020
5843 TRAMORE CT
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Rent to Own Eligible
 
Single Family Home
Colorado Springs, CO 80927
3
2
1643 ft2
2022
1216 OSGOOD RD
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Rent to Own Eligible
Rustic Hills
Single Family Home
Colorado Springs, CO 80915
4
2
1596 ft2
1967
8077 FALLGOLD CT
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Rent to Own Eligible
Banning Lewis Ranch
Single Family Home
Colorado Springs, CO 80927
3
3
1669 ft2
2010
4824 IRON HORSE VILLAS PT
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Rent to Own Eligible
Village Seven
Single Family Home
Colorado Springs, CO 80917
4
3
1800 ft2
2006
7547 BLACK SPRUCE HTS
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Rent to Own Eligible
Wolf Ranch
Single Family Home
Colorado Springs, CO 80908
3
3
1606 ft2
2021
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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 2025 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 2025 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.