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In some cities, owning a home can be more attainable than renting one.
Read more about the cities where renting is more expensive than owning.
Cities where monthly mortgage payments are less than monthly rent payments
| Rank | Metro area | Monthly savings | Typical rent payment | Typical mortgage payment |
| 1 | New Orleans | $446 | $1,652 | $1,206 |
| 2 | Chicago | $434 | $2,074 | $1,640 |
| 3 | Pittsburgh | $321 | $1,413 | $1,092 |
| 4 | Miami | $314 | $2,787 | $2,473 |
| 5 | Memphis | $290 | $1,499 | $1,209 |
| 6 | Cleveland | $265 | $1,436 | $1,171 |
| 7 | Detroit | $213 | $1,499 | $1,286 |
| 8 | Tampa | $191 | $2,106 | $1,914 |
| 9 | Oklahoma City | $188 | $1,373 | $1,185 |
| 10 | Houston | $182 | $1,735 | $1,553 |
| 11 | Birmingham | $153 | $1,418 | $1,265 |
| 12 | Indianapolis | $152 | $1,569 | $1,417 |
| 13 | St. Louis | $139 | $1,413 | $1,273 |
| 14 | Louisville | $89 | $1,395 | $1,305 |
| 15 | Cincinnati | $81 | $1,527 | $1,446 |
| 16 | Orlando | $81 | $2,089 | $2,008 |
| 17 | New York | $72 | $3,471 | $3,399 |
| 18 | Hartford | $70 | $1,916 | $1,846 |
| 19 | San Antonio | $66 | $1,505 | $1,439 |
| 20 | Philadelphia | $24 | $1,870 | $1,846 |
| 21 | Virginia Beach | $10 | $1,787 | $1,777 |
| 22 | Buffalo | $8 | $1,361 | $1,354 |
