Colorado Springs has become an increasingly popular metro area for people who want to balance city amenities and outdoor adventures. Home to the U.S. Air Force Academy, Colorado Springs attracts college students and young families, making it a wonderful community to be a landlord and own rental properties.
In this article, we’ll discuss the best Colorado Springs suburbs to invest in to expand your rental property portfolio.
Pros of Owning a Rental in a Colorado Springs Suburb
We predict El Paso County and Colorado Springs will grow over the next several decades. That means now is the perfect time to invest in affordable and stylish rental properties just outside the Colorado Springs city center. Many trendy suburbs in the Colorado Springs area that appeal to investors include:
Black Forest
Fountain
Manitou Springs
Monument
Security-Widefield
It can be hard for out-of-state investors to locate a rental property in Colorado Springs. Investors may also wonder which Colorado Springs suburb is the most attractive as a landlord.
This article explains the best places to invest in rental properties in Colorado Springs. Investors can use this data to make an informed decision about which suburb offers the best rental property for their portfolio goals.
Best Colorado Springs Suburbs for Rental Property Investors
Black Forest
Around 20 miles north of Colorado Springs, you’ll find the Black Forest, an unincorporated, forested, and fast-growing suburb of Colorado Springs. The Black Forest is situated opposite I-25 from the U.S. Air Force Academy and about 20 minutes east of the highway. The westerly Briargate and Northgate regions of the Black Forest feature sprawling urban growth, but as you travel east, many single-family homes occupy the green, rolling hills that give the Black Forest its name.
The Black Forest hosts many independent restaurants, including Black Forest Bistro, Firehouse on the Run, Walter’s 303 Pizzeria & Publik House, Black Forest Pies & Grinders, and Mountain View Cafe and Catering. Popular Black Forest neighborhoods include The Retreat at Banning Lewis Ranch (a 55 and older community), High Forest Ranch, Windjammer, and The Preserve at Walden.
The Commons at Briargate, Outlook Briargate, and The Parc at Briargate are located off I-25 in the Black Forest. Just east of Powers Boulevard is The Overlook at Wolf Ranch Townhomes and The Townes at Wolf Ranch. The Rampart View Apartments, The Residences at Falcon North, the Lodge at Black Forest, and Champion’s View Apartments are also popular Black Forest apartments.
Fountain
Fountain is home to the Pikes Peak International Raceway (PPIR). The majority of Fountain proper lies at the intersection of I-25 and Santa Fe/U.S. Highway 85/87 and directly to the east. Portions of Fountain also extend south toward Pueblo.
John Metcalf Park and the Fountain Creek Nature Center are two of Fountain's main attractions. Popular independent restaurants include Bird Dog BBQ, Peaks N Pines Brewery, C’mon Inn, Black Bear Diner, and Shiply Do-Nuts. Mesa Ridge, Countryside, Little Ranches of the Fountain, and Cathedral Pines are popular Fountain neighborhoods.
Many of the apartment complexes and condominium developments in Fountain sound similar, including Mesa Ridge Apartments, the Villas at Mesa Ridge, and Mesa Vista Apartments. However, these complexes are separate from the Vista Ridge development, the Fountain Ridge Apartments, and the Fountain View Apartments. Pitcher Point and the Garrison Apartments are also popular rental properties.
Manitou Springs
Manitou Springs is best known for its proximity to the Garden of the Gods and the Cave of the Winds Mountain Park. Situated on U.S. Highway 24 — which leads west to Woodland Park — Manitou Springs is only about a 20-minute drive west from Colorado Springs.
Savelli’s, Manitou Brewing Company, Uncle Sam’s Pancake House, and Crystal Park Cantina are popular restaurants in the area. In Manitou Springs, The Broadmoor Manitou and Pikes Peak Cog Railway go up to the landmark mountain’s summit.
Crystal Park is one of the largest neighborhoods in this western Colorado Springs suburb. Follow Black Canyon Road north to reach Cedar Heights, a private luxury neighborhood in Manitou Springs. Popular apartment complexes in Manitou Springs include Fountain Creek Apartments, Red Rock Manor, Canyon Retreat Apartments, and Lover’s Lane Apartments.
Monument
Monument is one of the last major cities to the north of Colorado Springs. This Colorado Springs suburb sits at the junction of I-25 and Highway 105. Monument is also directly north of the Air Force Academy. North of Monument on Highway 105 sits Palmer Lake, while Woodmoor is located directly opposite Monument on the east side of I-25 and north of Colorado Springs.
Popular restaurants like Rosie’s Diner, Arlene’s Beans, and The Bistro on 2nd supply much of Monument’s growing population. Wagons West Townhomes, Alta25 Luxury Apartment Homes, and The Vistas at Jackson Creek also enjoy Bennies, Jarrito Loco, and Jasmine Garden. Monument neighborhoods include Red Rock Ranch, Misty Acres, Higby Estates, and Woodmoor.
Security-Widefield
The Security-Widefield suburb is located south and west of the Colorado Springs Airport. Just northeast of Fort Carson and south of Stratmoor, Security-Widefield lies on the east side of I-25. This Colorado Springs suburb also includes the Big Johnson Reservoir.
Security and Widefield are the two largest neighborhoods in this Colorado Springs suburb. Sushi Daiyo, Roll Up, S.S. Subs, Deluxe Wingz, Schnitzel Fritz, and Ruffrano’s Hell’s Kitchen Pizza are popular Security-Widefield restaurants. The Trails at Aspen Ridge, Painted Sky at Waterview, and Marquette Heights Apartments are also popular in this Colorado Springs suburb.
Wrapping Up: Best Colorado Springs Suburbs for Rental Property Investors
These in-demand Colorado Springs suburbs are some of the best places to invest in for rental property owners, whether they’re local to Colorado or from another state. Evernest takes the guesswork out of finding rental property investments in Colorado Springs. Work with an investor-friendly agent at Evernest to start or grow your rental property portfolio in Colorado Springs.
Ready to take the next step? Contact our local Colorado Springs team to get started today!
