Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

9 US Cities Where Buying a Home Is Cheaper Than Renting

July 14, 2023 · Budgeting
memphis
Photo by Sean Pavone from Shutterstock

1. Memphis, Tenn.

Memphis is one of the best places to buy a home in the US. In fact, homebuyers in this city can save hundreds of dollars every month over renters. According to financial experts, this applies even with sale prices surging.

In Memphis, the median monthly cost for first-time homebuyers is only $847. On the other hand, the median monthly rent is $1,258. That’s almost $400 more, which is a lot.

Joe Spake is a broker in Memphis, and according to him, new apartments in Memphis rent for a hefty amount of money. If you’re looking for a new place to rent, expect to pay $1,600 in monthly rent for a two-bedroom apartment.

A person walks a dog past a classic brick row house in a quiet Pittsburgh neighborhood during golden hour.
A man walks his dog past a brick house for sale in a leafy Pittsburgh neighborhood.

2. Pittsburgh

Pittsburg is also among the best places to buy a home. Home seekers will save about $350 per month by buying a starter house in this city rather than renting one, according to financial analysts. The median monthly rent is $1,445, while a mortgage is about $1,097.

This city in the Rust Belt experienced substantial outmigration after the steel industry went back in the late 20th century, which resulted in overall real estate stagnation. However, unlike some other urban metro areas, this one has seen a revitalization and gentrification of its downtown.

So now Pittsburgh is one of the best places to buy a home in the US.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A warm, textured paper collage showing scissors trimming a receipt alongside icons of a house, car, and grocery basket. 7 Purchases Retirees Are Cutting Back On
  • An illustration of a classic mailbox with an envelope reading 'Social Security Update: Proposed Boost' under warm morning light. Congress Is Considering a Bigger Social Security Raise Than the COLA - Here's What We Know
  • A stylized screenprint illustration of a geometric shield protecting a glowing compass and home from abstract red lightning bolts. 5 Places People Turn to Protect Their Money During Global Conflict
  • An illustration of a senior couple protected by a large canopy shaped like a tax document, representing savings. Social Security Tax Elimination: Who Could Gain $1,500—and Who Could Miss Out
  • A close-up photograph of a person at a kitchen table reviewing their bank accounts on a phone next to a notepad of calculations. Using Autopay? Avoid These 6 Common Mistakes
  • A collage showing a person's silhouette made of shredded medical forms and a Medicaid card, with a padlock symbolizing protection. Find Out If You Were a Victim of Medicaid Fraud!
  • A minimalist ink illustration of a June 2026 calendar with the 15th circled in bold red ink and a fountain pen resting nearby. Don't Miss These Important IRS Tax Deadlines in June
  • A navy folder labeled 'Vital Financial Documents' sits on a kitchen table next to a coffee mug and a secure fireproof lockbox. The Safest Places to Store Your Financial Documents
  • An editorial collage featuring a brass compass, financial documents, a family photo, and a metal key, representing a financial roadmap. 8 Financial Details Loved Ones Need to Know
  • A senior man smiling at a laptop in a sunlit public library with books on the table and a park view through the window. 10 Simple Retirement Joys That Cost Nothing

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

Social Security COLA

Social Security COLA 2025: Changes You Might’ve Missed

Social Security is a vital lifeline for millions of Americans and gives support during retirement…

Read More →
discounts

Senior Discounts? Check These 13 Grocery Stores

A smiling senior shopper presents her loyalty card at the grocery checkout to unlock exclusive…

Read More →
money, sam's club

10 Big Money-Saving Tricks to Use While Grocery Shopping

#4 It’s better to be shopping alone It may be a more boring experience if…

Read More →

Drowning in $10,000+ of Credit Card Debt? Here’s the “No-Shame” Way Out in 2026

The heavy, sinking feeling in your chest when the credit card statement arrives. The mental…

Read More →

9 Free Things at Libraries You Never Knew About

A woman works on her laptop in a modern library featuring digital kiosks, meeting rooms,…

Read More →
sell

Earn Extra Income by Selling These 8 Items Online

Vinyl LPs and CDs With the rise of streaming services and the internet, we have…

Read More →
gas pump

8 Bad Gas Pump Habits That Are Costing You Hundreds Each Year

A gloved hand inserts a fuel nozzle into a blue car, a simple action that…

Read More →
A couple shopping for high-end deals at a modern warehouse store.

12 Costco Deals Shoppers Are Jumping on for 2026

Discover the 12 best Costco deals for 2026, including new pharmacy savings, travel packages, tech…

Read More →
Labor Day costco

8 Awesome Budget-Friendly Ways to Celebrate Labor Day

Even if this summer has flown by, Labor Day is just around the corner, and…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.