13 Cities Where Renting Is Cheaper Than Buying a Home

13. Baltimore

Baltimore street.
Sean Pavone / Shutterstock.com

Median monthly rent: $1,325
Median monthly mortgage payment: $1,483
Renting saves: $158

Renting costs less, on average, than owning in Baltimore. But don’t give up on buying a home if you live here. Three of Baltimore’s neighborhoods made Redfin’s newest list of the 10 hottest affordable neighborhoods in the U.S. “Affordable,” in this case, means their median price tag is under $294,000.

Read Next

The 5 Worst Home Upgrades for the Money
The 5 Worst Home Upgrades for the Money

These home improvement projects basically never pay off.

8 Surefire Ways to Get Rid of Debt ASAP
8 Surefire Ways to Get Rid of Debt ASAP

Here’s how to painlessly speed up debt-reduction efforts.

6 Types of People Who Can’t Count on Social Security
6 Types of People Who Can’t Count on Social Security

If you fall into one of these groups, don’t assume that you will receive benefits.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.

Trending Stories