Rent vs Buy in Appleton, WI
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Appleton, WI
Price-to-rent ratio is 23.0 (under 15 favors buying, over 21 favors renting). Renting costs $1,106/mo; owning runs about $2,255/mo — $1,149/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $1,593 |
| Property tax | $280 |
| Home insurance | $127 |
| Maintenance | $255 |
| Total to own | $2,255 |
| Average 2BR rent | $1,106 |
Based on a median home value of $305,415 with a $61,083 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.