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“For those weighing whether they should rent or buy right now, all signs point to renting as the most cost-effective option in most major U.S. cities.”

– Alex Gailey

Renting is Now Cheaper Than Buying in All 50 of the Largest U.S. Metros

Bankrate analyzed typical monthly mortgage payments and typical monthly rent for all homes across all 50 of the largest metro statistical areas (MSAs) in the United States to compare the monthly cost of renting vs. buying a home.

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National average banking rates

	1 Year CD	1.74%
	3 Year CD	1.40%
	5 Year CD	1.41%
	Savings Account	0.57%

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Current mortgage rates

	30 Year Fixed	7.31%
	15 Year Fixed	6.73%
	10 Year Fixed	6.74%
	5/1 ARM	6.69%

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