Rental Homes in Colorado Springs

Not a Bad Way to Start!

If you are moving here, you might be wondering about rental homes in Colorado Springs. Generally, it is better to buy a home than to rent. However, if there are several reasons to consider renting instead of buying a home.

(Looking for neighborhoods and rental costs? Look at the bottom of the page. This page is chock full of good information, so keep reading.)

Good Reasons to Rent.

There are several good reasons to find rental homes in Colorado Springs.

• You are moving here from out of town and you want to explore the area before you buy
• You have low credit scores and want time to raise them
• You want to spend less on a place to live
• You are in the military and don't want to be tied down to a house
• You are looking for a home quickly and don't have time to find a home to buy
• You want to stay mobile
• You simply don't want the responsibility of owning a house

These are all good reasons to find rental homes in Colorado Springs. I read an article a few years ago that was written by a very successful business person who chose to rent so that he didn't have to worry about the upkeep of a house. His kids were gone and he and his wife loved the freedom of renting.

If you are looking for rental homes in Colorado Springs you should talk to Encompas Realty. Mark would love to help you with your real estate needs. You can contact Mark here.

What if I'm not sure if I want to Rent or Buy?

Maybe you just don't know if you want to find rental homes in Colorado Springs or buy a home here. Dan Lewis, a mortgage broker in San Diego, offers this advice:

To sum up, you don't want to put yourself in a position where you can't afford your mortgage payments. Smart Money has put together this great worksheet that will help you figure out what is right for YOU! Don't let anyone convince you that it is better to buy unless it is really better to buy for you. Rental homes in Colorado Springs are something you should consider doing before buying.

After you do the worksheet, talk to a mortgage broker. Remember, that it doesn't hurt to talk to someone, and a trustworthy broker will be able to guide you through the financial process to determine if the renting or buying a home is truly best for you and your family.

Where to find rental homes in Colorado Springs and how much will it cost?

This probably what you really want to know. You can find rental homes in any Colorado Springs neighborhood.

Average home rental costs look something like this. Obviously averages don't give you the full range of options, but they might help you know what you may be looking for.

North West Area - $1300 for a 2300 sq. ft. home

Briargate - $1300 for a 2100 sq. ft. home (district 20 schools)

North East Area - $1200 for a 2200 sq. ft. home

Black Forest - $1400 for a 2100 sq. ft. home (you tend to get some land)

Powers - $1200 for a 1800 sq. ft. home (homes tend to be newer)

East - $1100 for a 1800 sq. ft. home

Central - $850 for 1500 sq. ft. home (you can also find 600 sq. ft. cottages for $600. These can be really nice for single people)

West - $1000 for 1300 sq. ft.

Old Colorado City - $900 for 1100 sq. ft.

Manitou Springs - Not many rental homes listed

South West Area - $1300 for 2000 sq. ft.

South East Area - $900 for 1500 sq. ft.

Fountain Valley, Security, and Widefield - $1000 for 1700 sq. ft. (With a wide degree of variability. The range is from $600 to $1495)

Whether you are renting or buying you should talk to aColorado Springs realtor to help you through the process. A trustworthy agent can help you work through the process of renting or buying and can help you find what you are looking for.

Leave rental homes in Colorado Springs and go back home.