Standard 10: Renting vs. Buying


  1. Compare the costs and benefits of renting versus buying a home.
  2. Explain the elements of a standard lease agreement (e.g., deposit, due date, grace period, late fees, and utilities).
  3. Explain the elements of a mortgage (e.g., down payment, escrow account, due date, late fees, and amortization table); types of lenders; and fixed or adjustable rate mortgage loans.

Online Lesson Plans and Curriculum

Making $en$e: Financial Success for Oklahoma Students – Oklahoma State Department of Education | view now

  • Module 10.1: Housing Alternatives
  • Module 10.2: Leasing a Place to Live
  • Module 10.3: Buying a Place to Live


  • NEW! Interest Only Mortgage Calculator | view now
  • NEW! Home Rent vs. Buy Calculator | view now
  • Buying vs. Renting | view now
  • The Economics of Homebuying | view now
  • Trish and Scott’s Big Adventure: An Investigation of Regional Housing Costs | view now

Council for Economic Education Lessons

Financial Fitness for Life, Bringing Home the Gold, (9-12), Teacher Guide

  • Lesson 16 – Shopping for a Mortgage

Focus on Personal Decision Making

  • Lesson 11 – Housing: Deciding to Rent or Buy.

Your Credit Count Challenge

  • Section 4 – A Roof Over Your Head


    Online Resources
    • Renting Vs Buying – Homes&Land | view now
    • About.Com
      Apartment Living / Rental
      | view now
      The Apartment Lease and Other Legal Documents
      | view now
    • Renting a House or Apartment - Nolo | view now
    • Lease Vs. Buy: A Renters Guide - Renters Resource | view now
    • Buying vs. Renting - EconEd Link | view now