How much money have you already paid in RENT altogether in your lifetime TOTAL?

The money you paid in RENT for your apartment monthly is money you will never see again. How much money in RENT have you paid to your landlord(s) altogether in your lifetime TOTAL?

Rent Money = Money down the drain.

Most Helpful

It depends on whether you actually invest or pay off debt with the money you save on renting vs. owning in the HCOL cities many people on this forum are in. In Boston, my 2600 rent from a private landlord for a condo was far less than my neighbors who bought it, and their mortgage was 5400. Sure, they made some equity, but I bought it in 2019 as I was moving out and probably can't afford to move with a 2nd kid on the way in their cramped 2bed. 

Use a calculator and don't lie to yourself how much you will actually invest. has a good one


Wow that's wild, I wanted to buy for the lifestyle change more than anything, but knew it wasn't going to pay off for a LONG time. Decided to continue renting. Just ran it through the calculator and the payoff is >30 years lmao

This assumes renting an apartment vs buying a house, so not exactly apples to apples, but even if I rent a house the payoff is nearly 12 years.

Don't @ me

Same for me, we pay a lot in Rent but in a desirable neighborhood near work, the airport, the train, and every bar and restaurant you could want. Buying would cost roughly 3000-4500 more, in 5 years I have paid off my undergrad loans, 25-30K in CC debt which was destroying me, and 5K of my GF's CC debt, we both max out our match now, have a decent amount of investments at a brokerage and RE. Got my Roth a couple years ago over that 1st 100k hurdle they always talk about, now it's on autopilot and we are close to a fully funder 9mon EF. 

Plus you know get to go on vcay 2 - 3 times a year and bought a new car, mine was 10 years old with 150k miles on it. Now If I lived in the SE, SW, Midwest it def be opposite I would of bought. 


Americans viewing houses as investments is really the most brain rotting phenomenon ever. Houses for the average person is just a nice luxury. People oversimplify the equation so much when they just say "hurr durr pissing away money from rent." Have you idiots ever seen an amortization schedule? What are you pissing away in the first 10 years of mortgage?


Haha, isn't this release the one all the tik tok realtors are freaking out about because it accounts better for peak appreciation in value, with a cool-down period and the increase in insurance, especially with the government not subsidizing flood plains anymore. 

They have no response. Sorry, I'm going to shake a ton of you back into being bottle service girls again. 

My coworker just bought a new house and every month they have to pay like 4k plus to fix something, they got a great deal on price, but they def are strapped a bit after they needed a new front door due to rot. 


Agree we should be somewhat financial savvy on this forum. There is no one-size fits all solution for renting vs buying but there are times where one is usually more beneficial than the other. Then there are intangible factors that you have to weigh in as well. I just give push back against these people who believe houses are ALWAYS the right choice. I would give equal pushback to people who say renting is ALWAYS the right choice but I hear less from that group.


Recently updated rent vs. buy calculator:…

Renting isn't actually "throwing money away" if it makes more financial sense. 

Thank you. Exactly.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

How much MONEY have you spent on FOOD in your entire lifetime? How much MONEY have you spent getting HAIRCUTS in your entire lifetime? How much money have you spent on EVENT TICKETS in your entire lifetime?


Wow, $120,000 including all of undergrad and my first two years of full time. 1/3 of rental spend was 4 years in a cheap college town, 1/3 living in SF for one year, and 1/3 living in NYC for one year. Massive difference in rent between college and full time living. Monthly rent ranged from just under $700 to $3600+. Had roommates in college, solo after. 


~$45K including utilities for my apartment during my recent MBA. Safe neighborhood but in a popular part of town for nightlife.

My undergrad was way cheaper - I think it was around ~$50K for 4 years. Granted early 2010s, the economy was just recovering and apartment living was very cheap in non-NYC / LA / SF cities post GFC for awhile. My undergrad apartments were nice buildings in shady parts of town and I had a chance of getting mugged / robbed every night I walked back.


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"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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