{"id":1620,"date":"2014-03-17T13:57:11","date_gmt":"2014-03-17T17:57:11","guid":{"rendered":"http:\/\/www.renthop.com\/news\/?p=1620"},"modified":"2023-07-22T11:40:16","modified_gmt":"2023-07-22T15:40:16","slug":"should-i-rent-or-buy","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/","title":{"rendered":"Should I Rent or Buy?"},"content":{"rendered":"

At RentHop<\/a>, we pay a lot of attention to rents across the nation (and we’re building some great new tools to help you analyze them). To help you understand better some of the personal finance issues related to paying rent, we’ve partnered with\u00a0<\/span>Moven<\/a> and <\/span>SmartAsset<\/a>, two leaders in the personal finance field, to give you some helpful advice. We’re helping renters answer the question: Should I rent or buy?\u00a0
\n<\/span><\/p>\n

Current SmartAsset and Moven Opinions<\/h2>\n

Today SmartAsset posted an article on the diverse rental economies<\/a> in four major cities – New York, Boston, Chicago and Los Angeles. The article looks at average rents in those cities and provides both helpful data and important concepts to consider. Meanwhile, Moven has created\u00a0<\/span>an infographic showing some of the key factors you should consider when making the rent vs. buy decision. We’ve excerpted the infographic below for your reference.<\/span><\/p>\n

Editor’s Note: Current renters in 2024 can use RentHop’s average rent pages<\/a> to observe dynamic trends in their area.\u00a0<\/em><\/p>\n

Tomorrow, watch this space for our article on the comparative costs of living across New York’s boroughs<\/a>. While the article focuses on data from New York, the conclusion holds true elsewhere. You may be surprised by the myriad ways in which your location determines your expenses!<\/p>\n

Moven Infographic<\/h3>\n

Moven’s infographic breaks down some important figures to consider when determining whether to rent or buy.<\/p>\n

\"Infographic<\/a>
Infographic provided by Moven<\/figcaption><\/figure>\n

 <\/p>\n

Editor’s Note: We updated this article to enhance readability.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

At RentHop, we pay a lot of attention to rents across the nation (and we’re building some great new tools to help you analyze them). To help you understand better some of the personal finance issues related to paying rent, we’ve partnered with\u00a0Moven and SmartAsset, two leaders in the personal finance field, to give you […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"no","footnotes":""},"categories":[150],"tags":[],"class_list":{"0":"post-1620","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-apartment-hunting"},"yoast_head":"\nShould I Rent or Buy? - Real Estate Topics, Tips, and Guides<\/title>\n<meta name=\"description\" content=\"RentHop explores the age-old question for current tenants: should I rent or buy my next apartment to build equity?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should I Rent or Buy?\" \/>\n<meta property=\"og:description\" content=\"RentHop explores the age-old question for current tenants: should I rent or buy my next apartment to build equity?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Topics, Tips, and Guides\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-17T17:57:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-22T15:40:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2014\/03\/Moven_Infographic_housing_spendingonhousing-01.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1157\" \/>\n\t<meta property=\"og:image:height\" content=\"1145\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"lawrence\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"lawrence\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\"},\"author\":{\"name\":\"lawrence\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/bfb1e305460412627d529695d248df79\"},\"headline\":\"Should I Rent or Buy?\",\"datePublished\":\"2014-03-17T17:57:11+00:00\",\"dateModified\":\"2023-07-22T15:40:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\"},\"wordCount\":254,\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2014\/03\/Moven_Infographic_housing_spendingonhousing-01.png\",\"articleSection\":[\"Apartment Hunting\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/should-i-rent-or-buy\/\",\"name\":\"Should I Rent or Buy? 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