Would You Rather ... Rent This or Buy That?

If money were no object, would you rather …

It’s how the game normally begins. But when it comes to real estate, it’s hard to take money out of the equation. For many, it’s the deciding factor between renting and owning.

So, let’s change the rules. In this edition of “Would of Rather … ?” you pay the same amount each month — whether it’s a rent check or an estimated mortgage payment on a 30-year fixed loan.

Instead of deciding based on price, you can pick based on your lifestyle and tastes. The choice is yours!

For $1,100 a month …

Rent this

Buy that

In the Phoenix market, you could rent a 761-square-foot luxury apartment in Desert View, or you could buy a 1,880-square-foot house in Paradise Valley. Both are ready for summer with outdoor pools. And both cost about $1,100 a month.

For $1,300 a month …

Rent this

Buy that

Two bedrooms or four? Resort-style patio or a family-friendly backyard and pergola? The choice is yours in the Dallas market with this apartment and single-family home. You can expect to pay just under $1,300 a month for either.

For $1,900 a month …

Rent this

Buy that

Do you prefer mid-century modern or contemporary style? For about $1,900 a month in the Denver market, you could enjoy 931 square feet of high-rise living in Washington Park/Cherry Creek, or you could revel in the charm of a 19th century Victorian near Sloan Lake.

For $2,300 a month …

Rent this

Buy that

The layout can make a huge difference in the overall feel of New York City homes. Do you like the eat-in kitchen in this Manhattan rental or the open floor plan of this Upper East Side home? Both are studios and cost about $2,300 a month.

For $2,500 a month …

Rent this

Buy that

For about $2,500 a month in the Washington, DC market, you can live in about 1,000 square feet in Adams Morgan as a renter or homeowner. Both homes have private rooftop decks, but the apartment has an industrial feel with 1 bedroom, while the condo is contemporary style with 2 bedrooms.

For $4,500 a month …

Rent this

Buy that

Among San Francisco listings, does a South of Market (SoMa) apartment or a South Beach condo catch your eye? Both are about 900 square feet and cost about $4,500 a month. The rental boasts a city view, while the condo has a view of the water.

Related:

• See How Much House You Can Afford
• 10 Homes for Sale Under 500 Square Feet
• What $1 Million Buys Around the Country

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