10 Cities Where You Should Definitely Rent A House Rather Than Buy

New York

[credit provider=”Rudy.kleysteuber via Flickr” url=”http://www.flickr.com/photos/rudy_kleysteuber/5875910096/”]

We already gave you a list of cities where it’s cheaper to buy a home than rent one.But in 12% of major American cities it’s cheaper to rent a home, according to Trulia’s Summer 2011 Rent vs Buy Index  which compares the cost of renting and buying a two-bedroom apartment, condominium or townhouse.

Price isn’t the only factor in deciding to buy a home. Potential buyers should also consider how long they plan to live there and if they can afford the monthly down payment. So, if you can’t cough up the money, don’t worry, it’s still cheaper to rent in Boston, Seattle and New York, which all make the cut.

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[slide
permalink=”10-memphis-1″
title=”#10 Memphis”
content=”Rent price: $600 – $800

List price: $50,000 – $150,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
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[slide
permalink=”9-boston-2″
title=”#9 Boston”
content=”Rent price: $2,050 – $2,550

List price: $450,000 – $550,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4dff6cbdcadcbbdd4f040000″
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[slide
permalink=”8-los-angeles-3″
title=”#8 Los Angeles”
content=”Rent price: $1,850 – $2350

List price: $450,000 – $550,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4dc456504bd7c86212110000″
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[slide
permalink=”7-portland-4″
title=”#7 Portland”
content=”Rent price: $800 – $1,000

List price: $150,000 – $250,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4ce35ce649e2ae29203a0000″
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[slide
permalink=”6-kansas-city-5″
title=”#6 Kansas City”
content=”Rent price: $800 – $1,000

List price: $150,000 – $200,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4b0d79c6000000000000ef44″
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[slide
permalink=”5-san-francisco-6″
title=”#5 San Francisco”
content=”Rent price: $2,850 – $3,350

List price: $750,000 – $850,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4dff4eff4bd7c89f3b2a0000″
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[slide
permalink=”4-seattle-7″
title=”#4 Seattle”
content=”Rent price: $1,250 – $1,750

List price: $350,000 – $450,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia

image=”http://static.businessinsider.com/image/4d4083a649e2ae033d010000″
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[slide
permalink=”3-omaha-8″
title=”#3 Omaha”
content=”Rent price: $700 – $900

List price: $150,000 – $200,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia
image=”http://static.businessinsider.com/image/4cade0d57f8b9a167d770200″
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[slide
permalink=”2-fort-worth-9″
title=”#2 Fort Worth”
content=”Rent price: $700 – $900

List price: $250,000 – $350,000

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia


image=”http://static.businessinsider.com/image/4c1a3c847f8b9a910e2a0000″
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[slide
permalink=”1-new-york-10″
title=”#1 New York”
content=”Rent price: $3,150 – $3,650

List price: $1.25 million – $1.35 million

Note: Trulia rankings were calculated using median listing price, and annualized median rent. All prices are for July 2011

Source: Trulia

Don’t Miss: 10 Cities Where Its Cheaper To Buy A Home Than Rent One >
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