These days, an increasing number of people are renting and the quality and range of rented accommodation is better than ever.
Renting is usually cheaper than owning and bills are more predictable too, which is great news for those who prefer stable finances. And with fewer outgoings, you can save more.
Renting offers more flexibility than owning - you can move somewhere else relatively quickly - useful if you plan to move for a new job or are going away to study. Also, it's less hassle than being an owner as you won't need to pay for property maintenance - most of that will be done for you.