There are two fantastic rent vs. buy calculators out there. Trulia’s calculator allows you to quickly compare renting vs. buying. According to their metro Boston average prices, buyers can save on average a whopping 39% buying versus renting! When we adjusted the numbers for 2 bedrooms in Brookline, the number went down to 26%. Still, 26% cheaper even in Brookline is a pretty interesting result.
For those who want a more nuanced picture, try the New York Times Rent or Buy comparison calculator. This calculator allows you to take a bunch of other factors into account and then simply says “if you can rent an apartment for less than $x, then you should rent.”