US Cities Where Renting Is at Least $1,000 Cheaper Than Buying

In many major cities, it's now significantly cheaper to rent than to buy a starter home. In the 10 cities with the largest monthly savings for renters, you'll save over $1,000 per month by renting instead of buying. Here's a look at those 10.

Austin, Texas

Median rent for 0-2 BRs  $1,659 Monthly starter home cost $3,672

San Francisco, California

Median rent for 0-2 BRs $2,943 Monthly starter home cost $5,798

Seattle, Washington

Median rent for 0-2 BRs $2,059 Monthly starter home cost $3,831

San Jose, California

Median rent for 0-2 BRs $3,156 Monthly starter home cost $5,777

San Diego, California

Median rent for 0-2 BRs $2,702 Monthly starter home cost $4,787

Los Angeles, California

Median rent for 0-2 BRs $2,870 Monthly starter home cost $5,020

Boston, Massachusetts

Median rent for 0-2 BRs $2,868 Monthly starter home cost $4,965

Portland, Oregon

Median rent for 0-2 BRs $1,750 Monthly starter home cost $2,996

Phoenix, Arizona

Median rent for 0-2 BRs $1,592 Monthly starter home cost $2,708

Sacramento, California

Median rent for 0-2 BRs $1,834 Monthly starter home cost $3,075