Rent vs Buy in Greenville, SC
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Greenville, SC
Price-to-rent ratio is 21.1 (under 15 favors buying, over 21 favors renting). Renting costs $1,306/mo; owning runs about $2,442/mo — $1,136/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $1,726 |
| Property tax | $303 |
| Home insurance | $138 |
| Maintenance | $276 |
| Total to own | $2,442 |
| Average 2BR rent | $1,306 |
Based on a median home value of $330,858 with a $66,172 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.