If you've paid off your mortgage, you don't have to worry much about your living conditions. However, renters must deal with the idea that their rent can rise.

The average cost of renting in the U.S. is $2,072 per month. The average cost of a mortgage is slightly lower, at $1,907 per month. Still, prices vary across the country. The decision to rent or buy ...

More and more Americans over 55 are choosing to rent rather than own their homes. Over the last decade, renters in this age group have risen faster than any other, with the number of renters aged 65 ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...