Rent vs buy calculator · Scotland
Rent vs buy in East Renfrewshire: is it cheaper to rent or buy?
Buying leaves you £11,431 better off after 7 years. Owning a 2-bed terraced house costs about £1,696 a month, against £1,209 to rent the same size home.
- After 7 years
- Buy +£11,431
- Difference in net wealth
- Monthly cost to own
- £1,696
- Mortgage £1,339, of which £404 is capital
- Monthly cost to rent
- £1,209
- Rent £1,089 plus council tax
- Median price
- £259,565
- terraced house
- Cash needed to buy
- £27,935
- £25,957 deposit + £1,978 LBTT
- Price-to-rent ratio
- 19.9
- Price divided by a year of rent
Renting vs buying in East Renfrewshire by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £172,002 | £843 | +£208 | Buy £22,160 |
| 2 bed | £259,565 | £1,089 | +£487 | Buy £11,431 |
| 3 bed | £329,538 | £1,340 | +£655 | Close £6,199 |
| 4+ bed | £545,621 | £2,280 | +£1,009 | Close £6,849 |
Average rent and house prices in East Renfrewshire
The ONS average private rent in East Renfrewshire is £1,266 a month (Aug 2026, provisional), up 1.3% on a year earlier. The median price paid is £305,723 (UK HPI local authority average, Jul 2026). Rents here are published for the Greater Glasgow BRMA Broad Rental Market Area.
Default scenario: 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%. Council tax is £1,440 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in East Renfrewshire: FAQs
Is it cheaper to rent or buy in East Renfrewshire?
For a 2-bed home in East Renfrewshire, owning costs about £1,696 a month and renting about £1,209, both including council tax. Buying leaves you £11,431 better off after 7 years. This assumes a 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%.
What is the average rent in East Renfrewshire?
The ONS average private rent in East Renfrewshire is £1,266 a month across all home sizes (Aug 2026, provisional), with £843 for 1 bed, £1,089 for 2 bed, £1,340 for 3 bed, £2,280 for 4 or more bed. Rents rose 1.3% over the past year.
What is the average house price in East Renfrewshire?
The median price paid in East Renfrewshire is £305,723 (UK HPI local authority average, Jul 2026). The calculator uses £259,565 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in East Renfrewshire?
A first-time buyer paying £259,565 would pay £1,978 in LBTT. With a 10% deposit of £25,957, the cash needed on day one is about £27,935.
What is the price-to-rent ratio in East Renfrewshire?
About 19.9: the 2-bed price is 19.9 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in East Renfrewshire?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £22,160 after 7 years.
How many years until buying pays off in East Renfrewshire?
The lead first changes hands in year 5 on the default settings. Staying longer spreads stamp duty and selling costs over more years.
Areas with a similar price-to-rent ratio
Compare with the Scotland average or browse every local authority.