The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App

Top 10 cities where renting is better than buying

  • Top 10 cities where renting is better than buying

    10. St. Louis

    Average home price: $161,300

    Average rent price: $1,098

    The Gateway to the West is a surprising addition to the top 10, buoyed by its tiniest neighborhood. If you buy a home in St. Louis, it will take 3.3 years to start saving money over renting. But in the Wydown Skinker neighborhood, where massive 1920s homes surround the city's premier park, it will take 7.7 years for buying to overtake renting on a dollars and cents basis. Elsewhere, such as in The Ville, it will only take 1.3 years for buying to be the better option.

  • Ilyce Glink On Twitter»

    Ilyce R. Glink is an award-winning, nationally syndicated columnist, best-selling book author, and radio talk show host who also hosts "Expert Real Estate Tips," a Internet video show. She owns as well as Think Glink Media, a privately held company that provides consulting, content and video services to companies and non-profit organizations.