Well renting for us was very, very cheap (thanks to DH's job) but we bought because we figure it is better in the long run. We got a very modest house and realistically it will be completely paid off within the next 10 years (being very conservative there as we could easily pay it off quicker and aim to). We have less money than we would renting but we still live quite comfortably and owning a house outright eventually is well worth it to us.
I love that i don't have to answer to a landlord, go through inspections or worry about finding rentals etc - it's less stress having the mortgage (funnily enough).
There are advantages to renting but i prefer having a mortgage knowing i will own a house outright in the foreseeable future - even though the house isn't anything too exciting it will be ours and i love that