I am a college student but graduating this December. Therefore, I will have a job by January. Renting is my only option at the moment. My ideal rental house would be close to i25 highway and ranging in between 700 to 900 dollars a month with at least 2 bedrooms and 1 bathroom. I am looking to move in a place by end of September.
The rental vacancy rate is very low in Colorado Springs right now. Some say it's less than 0.5% Whatever the rate, homes are getting rented out very fast once they hit the open market and - because the rental supply is so low - the landlords get to dictate a lot of the terms. And, because of "once burned twice shy" many landlords may not want (or need) to rent out to people with pets because the rental demand is so high. Many renters don't take seriously their role as pet owners and allow the pets to do damage to the house. Usually the only responsibility or exposure the renter has is their deposit.
Is there any reason that you are not considering buying? For what you can rent a house for (and usually less) you can BUY a house and it is YOURS and you can keep just about as many pets as the city codes will allow.
It's a Buyers Market right now, low interest rates, and many homes for sale.
For example (and this is for educational purposes only!):
o If you pay $1200 per month in rent, well, that's what you get, a place to live for $1200 per month. No tax deductions and no equity built into the house. You can't make any changes (well, maybe the paint) and the yard may not be to you exact liking. Also you can't take any tax deductions.
o If you pay $1200 in a house payment, you could BUY a home that is about $180,000. There are currently 697 homes for sale under $180,000 in El Paso County. You can most likely take tax deductions on your income (talk to your tax person or accountant). You can usually make any changes that you want and can keep all the pets that you want too (well, there are limitations with city zoning laws but they probably allow more animals than you'd probably want).
I sold a house a while back to a guy that is an instructor at the Colorado Deaf and Blind School - maybe I can put you in touch with each other to go over the home buying process (I'm pretty certain he's fluent in ASL).
Also, home buying can be scary. It's OK, I can help you through the education - there is a lot of stuff to learn that will ultimately make you well educated home buyers - before signing any contract or engaging in any legal or financial obligation.
If you are still really interested in renting, I'd contact a property management company to help with your search, These companies manage properties for landlords and often have a lot of resources and information to match Renters and Landlords.
I'd really explore buying a house in parallel with your rental search. Right now I think buying is a better option.
Please contact me if you have any questions.
Edward M. King
Licensed Colorado Real Estate Broker
Keller Williams Clients Choice Realty
1283 Kelly Johnson Boulevard
Colorado Springs, CO 80920