Renting vs. Buying: What’s the Right Move for Your College Student?

When your child heads off to college—especially out of state or far from home—the decision of where they’ll live becomes more than just a housing choice; it’s a financial one, too. For many parents of students at the University of Alabama and beyond, the question quickly arises: Should we rent or buy?

It’s a dilemma with no one-size-fits-all answer. Renting can offer flexibility and less responsibility, while buying may open the door to long-term investment opportunities. At WalHen Properties, we understand the weight of this decision, and we're here to help families make the choice that’s best for them—both financially and practically. 

To help guide families through this decision-making process, our very own Haynes Waldo hosts an in-depth seminar exploring the pros and cons of both renting and buying during your child's time at college. In this session, Haynes breaks down the real numbers—comparing monthly costs, long-term gains, and the potential for profit or loss in each scenario. Haynes will be hosting a free seminar on this very topic next Tuesday, May 20th at 7:00 PM Central Time.

The Case for Renting

Renting is often seen as the simpler option. There’s no maintenance, fewer upfront costs, and a shorter commitment. For students who may transfer, change plans, or return home for summers, renting offers flexibility without the risks that come with property ownership.

However, monthly rent payments add up quickly, and when the lease is up, there’s no return on investment. You’re essentially paying into someone else’s equity.

The Case for Buying

On the flip side, buying a property in a university town like Tuscaloosa can be a smart investment—especially if your student stays through graduation and beyond. Mortgage payments often rival (or even undercut) rental rates, and unlike rent, they build equity.

Haynes dives into real examples of properties near the University of Alabama, comparing what a family might spend in rent over four years versus what they might gain—or lose—from purchasing a home or condo. He also explores the potential for short-term or long-term rental income after graduation, which can turn a student housing decision into a profitable investment strategy.

More Than Just Numbers

Beyond the financials, Haynes emphasizes lifestyle factors that should play a role in the decision. Consider your student’s independence level, plans after graduation, and how involved you want to be in property management. Are you comfortable becoming a landlord, or would peace of mind be worth the cost of renting?

Let Us Help You Decide

Haynes Waldo will be hosting a free seminar on this very topic next Tuesday, May 20th at 7:00 PM Central Time. Whether you're considering buying, renting, or still weighing the pros and cons, this session is designed to give you clear, practical guidance tailored to families with students at the University of Alabama. Join us to gain insight, ask questions, and walk away with the information you need to make the best decision for your family. Contact us today for more details, or follow us on Instagram and Facebook @walhenproperties for updates and real estate resources.