Rent or Buy? Which Is Best in Retirement?

Should you rent or buy in retirement? Renting isn't right for all retirees, but it does offer flexibility and it frees up cash.

Dog sitting in a moving box, surrounded by other moving boxes
(Image credit: Getty Images)

Now that the kids are gone, you no longer need a five-bedroom home with a big backyard. It’s expensive, too. But when it comes time to downsize, you need to make an important decision: buy or rent?

Is it better to rent in retirement?

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Sandra Block
Senior Editor, Kiplinger's Personal Finance

Block joined Kiplinger in June 2012 from USA Today, where she was a reporter and personal finance columnist for more than 15 years. Prior to that, she worked for the Akron Beacon-Journal and Dow Jones Newswires. In 1993, she was a Knight-Bagehot fellow in economics and business journalism at the Columbia University Graduate School of Journalism. She has a BA in communications from Bethany College in Bethany, W.Va.

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