Renting Saves Over $900 a Month, But That Edge is Slipping in Most Major Metros
Realtor.com (NASDAQ:NWSA) released its June 2025 Rental Report showing that while renting remains more affordable than buying in 49 of 50 largest U.S. metros, the gap is narrowing. The median asking rent decreased 2.1% year-over-year to $1,711, marking 23 consecutive months of annual declines.
The average monthly savings for renters versus buyers now stands at $908, down $48 from last year. Austin leads with the largest renter savings, where buying costs 114.7% more than renting. Only Pittsburgh remains more affordable for buyers than renters. Notable shifts include San Jose, where the renting advantage decreased by $349 year-over-year, and Memphis, which flipped from favoring buying to favoring renting.
Realtor.com (NASDAQ:NWSA) ha pubblicato il suo Rapporto sugli Affitti di giugno 2025, evidenziando che, sebbene affittare sia ancora più conveniente rispetto all'acquisto in 49 delle 50 principali aree metropolitane degli Stati Uniti, il divario si sta riducendo. Il canone mediano richiesto è diminuito del 2,1% su base annua, attestandosi a 1.711 dollari, segnando 23 mesi consecutivi di calo annuale.
Il risparmio medio mensile per chi affitta rispetto a chi acquista è ora di 908 dollari, in calo di 48 dollari rispetto all'anno precedente. Austin guida con il risparmio maggiore per gli affittuari, dove comprare costa il 114,7% in più rispetto all'affitto. Solo Pittsburgh risulta ancora più conveniente per chi acquista rispetto a chi affitta. Tra i cambiamenti più significativi si segnalano San Jose, dove il vantaggio dell'affitto si è ridotto di 349 dollari su base annua, e Memphis, che è passata da un vantaggio per l'acquisto a uno per l'affitto.
Realtor.com (NASDAQ:NWSA) publicó su Informe de Alquileres de junio de 2025, mostrando que aunque alquilar sigue siendo más asequible que comprar en 49 de las 50 principales áreas metropolitanas de EE.UU., la diferencia se está reduciendo. El alquiler medio solicitado disminuyó un 2,1% interanual hasta $1,711, marcando 23 meses consecutivos de caídas anuales.
El ahorro mensual promedio para los inquilinos frente a los compradores ahora es de $908, una disminución de $48 respecto al año pasado. Austin lidera con el mayor ahorro para los arrendatarios, donde comprar cuesta un 114,7% más que alquilar. Solo Pittsburgh sigue siendo más asequible para los compradores que para los arrendatarios. Cambios notables incluyen a San José, donde la ventaja de alquilar disminuyó en $349 interanual, y Memphis, que pasó de favorecer la compra a favorecer el alquiler.
Realtor.com (NASDAQ:NWSA)은 2025년 6월 임대 보고서를 발표하며, 미국 50대 대도시 중 49곳에서 임대가 구매보다 더 저렴하지만 그 차이가 점점 줄어들고 있다고 밝혔습니다. 중간 임대료는 전년 대비 2.1% 감소한 $1,711로, 23개월 연속 연간 하락세를 기록했습니다.
임차인이 구매자보다 매월 평균 절약하는 금액은 현재 $908로, 작년보다 $48 감소했습니다. 오스틴이 임차인 절감액이 가장 높으며, 구매 비용이 임대 비용보다 114.7% 더 비쌉니다. 피츠버그만이 구매가 임대보다 더 저렴한 도시로 남아 있습니다. 주목할 만한 변화로는 산호세가 있는데, 임대 이점이 전년 대비 $349 줄었으며, 멤피스는 구매 우위에서 임대 우위로 전환되었습니다.
Realtor.com (NASDAQ:NWSA) a publié son rapport sur la location de juin 2025, montrant que bien que la location reste plus abordable que l'achat dans 49 des 50 plus grandes métropoles américaines, l'écart se réduit. Le loyer médian demandé a diminué de 2,1 % en glissement annuel pour atteindre 1 711 $, marquant 23 mois consécutifs de baisse annuelle.
Les économies mensuelles moyennes pour les locataires par rapport aux acheteurs s'élèvent désormais à 908 $, en baisse de 48 $ par rapport à l'année dernière. Austin est en tête avec les plus grandes économies pour les locataires, où acheter coûte 114,7 % de plus que louer. Seule Pittsburgh reste plus abordable pour les acheteurs que pour les locataires. Parmi les changements notables, San Jose voit son avantage locatif diminuer de 349 $ en un an, et Memphis est passée d'un avantage à l'achat à un avantage à la location.
Realtor.com (NASDAQ:NWSA) veröffentlichte seinen Mietbericht für Juni 2025, der zeigt, dass Mieten in 49 der 50 größten US-Metropolregionen zwar weiterhin günstiger ist als Kaufen, der Unterschied jedoch kleiner wird. Die mittlere geforderte Miete sank im Jahresvergleich um 2,1 % auf 1.711 US-Dollar und verzeichnet damit 23 aufeinanderfolgende Monate mit jährlichen Rückgängen.
Die durchschnittlichen monatlichen Einsparungen für Mieter gegenüber Käufern liegen nun bei 908 US-Dollar, 48 US-Dollar weniger als im Vorjahr. Austin führt mit den größten Einsparungen für Mieter, wo das Kaufen 114,7 % mehr kostet als das Mieten. Nur Pittsburgh ist für Käufer günstiger als für Mieter. Bedeutende Veränderungen betreffen San Jose, wo der Mietvorteil im Jahresvergleich um 349 US-Dollar gesunken ist, und Memphis, das von einem Kauf- zu einem Mietvorteil wechselte.
- Renting still offers significant savings over buying in 49 of 50 largest metros
- Median rents are down 2.1% year-over-year, providing relief to renters
- Rents remain 18.6% higher than pre-pandemic levels (June 2019)
- All unit sizes showed price declines (studios -2.3%, one bedrooms -2.6%, two bedrooms -2.1%)
- Renting advantage is shrinking in 37 of 50 largest metros
- Average monthly savings for renters decreased by $48 compared to last year
- Median rent is only $48 below its August 2022 peak despite 23 months of declines
Insights
Rental market softening while buying costs decrease faster, shrinking the financial advantage renters have enjoyed since the pandemic.
The latest Realtor.com data reveals a narrowing gap between renting and buying costs across most major US markets, signaling a potential inflection point in housing affordability dynamics. With median rents down
What's particularly notable is the shifting math between renting and buying. While renting remains more affordable than buying in 49 of 50 major metros (Pittsburgh being the exception), the average monthly savings for renters has decreased from
The data shows significant regional variations. Austin leads with renters saving
Perhaps most telling is Memphis, which completely flipped from favoring buying to favoring renting over the past year. This demonstrates how quickly local market dynamics can shift based on mortgage rates, home prices, and rental demand.
For real estate investors, these trends suggest we're approaching an inflection point where the transaction volume in home sales could increase as the financial equation gradually shifts. However, the
Buying is gaining ground as the rent advantage shrinks in 37 of the 50 largest
"Even with rents leveling for nearly two years, high mortgage rates and still-elevated home prices mean renting remains the more budget-friendly option in nearly every major market," said Danielle Hale, chief economist at Realtor.com®. "But the narrowing rent versus buy gap we're seeing in most cities is a signal that the affordability landscape is starting to shift. Renters eyeing homeownership will want to pay close attention in the months ahead."
Rents Are Still More Favorable Nationally, But the Buy vs. Rent Math is Shifting
Across the nation's 50 largest metros, median asking rents are down
Despite this softening, renting remains more affordable than buying in 49 out of 50 metros. Notably,
Top Rent-Favoring Markets, June 2025
Market | Median Rent | Monthly Buy Cost | $ Diff. (Buy-Rent) | % Diff. (Buy-Rent) | Rent Cost YY | Buy Cost YY |
114.7 % | -4.7 % | -10.4 % | ||||
96.5 % | -3.4 % | -5.2 % | ||||
91.6 % | -2.9 % | -1.4 % | ||||
89.5 % | -2.8 % | -4.8 % | ||||
83.6 % | -4.7 % | -4.7 % | ||||
80.9 % | -2.9 % | -3.7 % | ||||
76.5 % | 0.8 % | -2.7 % | ||||
76.0 % | -2.8 % | -7.7 % | ||||
74.9 % | -5.9 % | -6.5 % | ||||
73.2 % | -1.0 % | -2.2 % |
Local Markets Tell Their Own Story
Top Metros With Diminishing Advantage in Renting, June 2025
Market | Median Rent | Monthly Buy Cost | $ Diff. (Buy-Rent) | % Diff. (Buy-Rent) | $Diff. (Buy-Rent): June 2025 vs. 2024 |
66.3 % | - | ||||
114.7 % | - | ||||
68.0 % | - | ||||
89.5 % | - | ||||
60.8 % | - |
Other metros, like
Top Metros With Increasing Advantage in Renting, June 2025
Market | Median Rent | Monthly Buy Cost | $ Diff. (Buy-Rent) | % Diff. (Buy-Rent), 2025 | $Diff. (Buy-Rent): June 2025 vs. 2024 |
16.1 % | |||||
50.3 % | |||||
7.6 % | |||||
53.5 % | |||||
6.1 % |
Rental Data: 50 Largest Metropolitan Areas, June 2025 (alphabetical order)
Market | Rent Cost (0-2 Bedrooms) | Buy Cost (0-2 Bedrooms) | $ Difference (Buy-Rent) | % Difference (Buy-Rent) | Rent Cost: YY | Buy Cost: YY | Rent Cost: 6 Year Changes |
34.3 % | -4.00 % | -4.9 % | 11.0 % | ||||
114.7 % | -4.70 % | -10.4 % | 18.1 % | ||||
6.1 % | 0.00 % | 3.5 % | 15.7 % | ||||
16.1 % | -3.40 % | 11.7 % | 16.9 % | ||||
73.2 % | -1.00 % | -2.2 % | 17.0 % | ||||
NA | NA | NA | NA | NA | NA | NA | |
39.5 % | -1.20 % | -0.2 % | 18.1 % | ||||
46.9 % | -2.20 % | -4.0 % | 14.3 % | ||||
43.1 % | -4.30 % | -0.5 % | 17.5 % | ||||
19.4 % | -2.30 % | -9.4 % | 24.0 % | ||||
60.8 % | 0.30 % | -9.1 % | 22.5 % | ||||
68.0 % | -2.10 % | -11.0 % | 15.9 % | ||||
61.8 % | -7.70 % | -5.7 % | 7.1 % | ||||
31.4 % | -0.10 % | -1.4 % | 13.1 % | ||||
NA | NA | NA | NA | NA | NA | NA | |
45.5 % | -2.00 % | -7.8 % | 9.7 % | ||||
26.0 % | -3.40 % | -5.9 % | 30.7 % | ||||
38.1 % | -3.90 % | -6.6 % | 27.2 % | ||||
0.5 % | 3.70 % | -0.4 % | 29.7 % | ||||
45.9 % | -3.00 % | -3.9 % | 23.1 % | ||||
96.5 % | -3.40 % | -5.2 % | 12.2 % | ||||
20.4 % | -3.80 % | -4.2 % | 20.8 % | ||||
7.6 % | -3.40 % | 7.0 % | 15.8 % | ||||
31.0 % | -2.80 % | -3.0 % | 36.1 % | ||||
50.3 % | -0.90 % | 5.0 % | 21.0 % | ||||
52.4 % | -2.20 % | -3.5 % | 3.7 % | ||||
76.0 % | -2.80 % | -7.7 % | 23.0 % | ||||
NA | NA | NA | NA | NA | NA | NA | |
76.5 % | 0.80 % | -2.7 % | 27.9 % | ||||
53.5 % | -2.00 % | 7.0 % | 8.9 % | ||||
11.3 % | -1.50 % | -4.7 % | 22.2 % | ||||
35.3 % | -2.40 % | -2.7 % | 10.3 % | ||||
83.6 % | -4.70 % | -4.7 % | 24.3 % | ||||
- | -7.5 % | 0.20 % | 1.0 % | 39.9 % | |||
56.0 % | -4.00 % | -4.0 % | 16.2 % | ||||
NA | NA | NA | NA | NA | NA | NA | |
56.2 % | -4.00 % | -7.9 % | 24.0 % | ||||
54.0 % | -0.50 % | -2.9 % | 25.8 % | ||||
52.2 % | -4.10 % | -0.8 % | 15.9 % | ||||
NA | NA | NA | NA | NA | NA | NA | |
80.9 % | -2.90 % | -3.7 % | 27.5 % | ||||
50.3 % | -2.30 % | -4.8 % | 22.0 % | ||||
74.9 % | -5.90 % | -4.3 % | 14.1 % | ||||
91.6 % | -2.90 % | -2.2 % | -4.3 % | ||||
66.3 % | 0.90 % | -5.3 % | 8.1 % | ||||
89.5 % | -2.80 % | -6.6 % | 6.8 % | ||||
1.9 % | -0.70 % | 1.2 % | 23.4 % | ||||
32.4 % | 0.20 % | -2.7 % | 39.7 % | ||||
25.6 % | -2.10 % | -3.2 % | 20.9 % | ||||
27.7 % | 1.56 % | -3.3 % | 17.1 % |
Methodology
Rental data as of June 2025 for studio, 1-bedroom, or 2-bedroom units advertised as for rent on Realtor.com. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019.
About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.
Media contact: Asees Singh, press@realtor.com
View original content:https://www.prnewswire.com/news-releases/renting-saves-over-900-a-month-but-that-edge-is-slipping-in-most-major-metros-302507220.html
SOURCE Realtor.com
FAQ
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