The answer to the question whether you should rent an apartment or buy a home relies heavily on your personal situation.

• If you do not have any money to put toward a home purchase, then renting may be your only viable option until you can save money.

• If you plan to stay in a city for several years, the appreciation of your home may outweigh the initial loss of savings used toward a down payment.

Ultimately, you should consider choosing the most financially rewarding option.  Home ownership should be looked at as an investment.