With everything from low inventory and extreme buyer demand to supply shortages affecting the housing market over the last 12+ months, the rental market has become a more viable solution for those seeking a new living space.
There are the obvious benefits to renting versus buying – you don't have to shoulder the burden of maintenance or repairs, you're not bound to a multi-year mortgage, and you won't have to worry about any unexpected expenses. But even beyond those tangible perks, there exists perhaps the greatest benefit of all: renting may be less expensive than buying right now.