There are two fantastic rent vs. buy calculators out there. Â Trulia’s calculator allows you to quickly compare renting vs. buying. Â According to their metro Boston average prices, buyers can save on average a whopping 39% buying versus renting! Â When we adjusted the numbers for 2 bedrooms in Brookline, the number went down to 26%. Â 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. Â 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.”