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• Less to worry about - As an apartment leasee if the water heater breaks you do not have to worry about fixing it or finding a specialist to fix it, you do not need to worry about having the ready cash (or credit) to repair a roof should it spring a leak, or replace a faulty furnace. Maintenance is handled by the landlord.
• Lower monthly expenses - There are costs associated with homeownership that apartment leasing does not need to consider, such as property tax. Also, most renters pay less in insurance, and most renters do not need to pay for major repairs.
• Favorable Market - Due to the volatility of the real estate market, homeowners can sometimes find that their home's value is less than it's worth in the market when it comes time to sell, but as a renter you have the luxury to wait for a favorable market when you are ready to buy a home.
• Lower initial expenses - When considering apartment leasing you have to pay first and last month's rent and/or broker fees, which can amount to a thousand dollars or more, but when compared to the tens of thousands of dollars you have to place as a down payment for a house, (as well as all the hidden fees involved) renting would be ideal for those who don't have a lot of cash on-hand to cover the down payment for a house.