Cities Where It’s Cheaper to Rent Than Own
Two of the cities where renting is cheaper than owning are located less than 400 miles from each other.
Renters in Louisville, Kentucky, and Milwaukee, Wisconsin pay an average of $310 less per month than the median mortgage costs in those metros, according to a study from loan marketplace LendingTree. 
On the flip side, Florida is home to four of the top 10 cities where rents are higher than monthly mortgage payments. Residents of Miami and Orlando, Florida would be better off buying than renting, since median mortgage payments run $215 less per month than median rents.
If you’re looking at average-sized homes, buying is usually a better deal. However, if you plan to live in a small home such as a loft or a studio or want a larger abode, renting comes out ahead.
Wondering if you’re better off renting or buying in your metro area? Click or swipe to view the list of cities where it’s cheaper to rent than buy a home.