Planning Tools
Rent VS Buy Calculator
Find out whether renting or buying makes more financial sense for you.
Your Details
Fill in the details and click Compare Now to see which option saves more money.
Key Factors to Consider
Time Horizon
Buying typically favors those staying 5+ years. Short stays often favor renting due to transaction costs.
Home Appreciation
Chicago's median appreciation has averaged 3–4% annually. North Shore suburbs often outperform.
Stability & Control
Homeownership offers stability, no landlord risk, and the freedom to renovate or customize.
Opportunity Cost
Down payment capital could alternatively be invested. Factor in market return vs equity growth.
Tax Benefits
Mortgage interest and property taxes may be deductible, effectively reducing your buy cost.
Hidden Buy Costs
Budget 1–2% of home value annually for maintenance, insurance, HOA, and unexpected repairs.