Mortgage rates are near 6.6% and the median home costs over $400,000. This has changed the math in the rent vs buy debate. Renting is now the more affordable option on a monthly basis in the 50 largest US metros, according to a March 2026 analysis from Realtor.com.

The lower monthly payment for renting can be used for other financial goals, such as a bigger down payment or an investment fund.

Further details on the rent vs buy debate and how it affects financial planning are available from financial forecasters and experts, including Domain Money.