The Unexpected Upside of Renting

Content by: Esther Au-Yong | Photos: Shutterstock

Discover how choosing to rent – from clothes to furniture – can lead to more mindful consumption and a greener future.

Discover how choosing to rent – from clothes to furniture – can lead to more mindful consumption and a greener future.

Choosing to rent instead of buy can do more than save you money — it supports sustainable living. Renting reduces demand for new resources, lowers manufacturing emissions, and helps cut down on landfill waste. It also supports local businesses that operate rental platforms, encourages community sharing, and promotes a more intentional, less material-driven lifestyle.

This shift aligns with the growing appeal of the sharing economy, which saw a surge during the COVID-19 pandemic in Singapore and around the world. Typically defined as peer-to-peer exchanges of goods and services enabled by digital platforms, the sharing economy has given rise to everything from rental apps to superapps. Examples include Grab, which bundles ride-hailing, food delivery, and e-payments in one platform. These platforms promote access over ownership — a model that is fast becoming part of daily life.

According to Statista, the number of car-sharing users in Singapore is projected to reach 560,000 by 2029, while bike-sharing users are expected to grow to 167,000. Globally, experts from Toronto Metropolitan University estimate that the sharing economy will reach a market volume of US$335 billion by 2025.

Ready to embrace the benefits of borrowing over buying? Here are some practical and sustainable ways to rent a variety of items, from transportation and tech to fashion and furniture.

HOMES AND CO-LIVING SPACES: A CONVENIENT URBAN LIFESTYLE

In a city where property prices climb quickly, renting — particularly through co-living — is becoming an increasingly popular choice for young professionals, digital nomads, and those in transitional housing phases.

Co-living spaces in Singapore are transforming the way people think about home. Operators like Habyt (formerly Hmlet), Coliwoo, and Cove provide fully furnished rooms complete with utilities, Wi-Fi, and community perks. Flexible lease terms make it easy to move in or out — no need to worry about furniture shopping or committing to a long-term mortgage.

Many residents also enjoy pairing co-living with co-working spaces like The Hive, WeWork, and JustCo, creating an integrated live-work setup that offers both convenience and flexibility — all without being tied down.

FURNITURE AND APPLIANCES: FUNCTIONALITY ON FLEXIBLE TERMS

Whether you’ve just graduated or are in Singapore on a temporary work assignment, renting furniture and appliances is a smart, hassle-free solution. It’s cost-effective, convenient, and lets you create a stylish space without the long-term commitment.

Rental providers like Kian Huat Furniture Rental, Levande, and Furnishly offer a wide range of items — from sofas and beds to washing machines and ergonomic work desks. Many rental plans include delivery, assembly, and pick-up, making the entire process seamless.

Renting also helps reduce unnecessary consumption while saving you time and storage space. And if you fall in love with a particular piece, some companies let you purchase it, with your paid rental fees going towards the final price.

FASHION AND ACCESSORIES: STYLE MEETS SUSTAINABILITY

Fast fashion may be affordable, but its impact on the environment — from textile waste to carbon emissions — is far from small. Renting, on the other hand, offers a smarter, more sustainable way to stay stylish without cluttering your closet or contributing to throwaway culture.

Need a statement piece for a wedding, gala, or work event? Services like Style Theory, Style Lease, and Rentadella let you rent designer dresses, luxury handbags, and trendy outfits for a fraction of the retail price. Some even offer everyday office wear subscriptions. It’s a guilt-free way to refresh your wardrobe, experiment with styles, and reduce fashion waste.

CARS AND BICYCLES: SMARTER WAYS TO GET AROUND

Let’s face it — owning a car in Singapore can feel like you’re financing a small yacht. With high COE prices and limited parking, car ownership isn’t always practical. Fortunately, our public transport is excellent, and when you do need a vehicle, renting is a smart, cost-effective alternative.

Car-sharing platforms like BlueSG, GetGo, and Tribecar let you book cars by the hour or day — perfect for errands, family outings, and weekend getaways. Prefer a greener ride? Apps like HelloRide and Anywheel offer easy, pay-as-you-go bicycle rentals, ideal for short trips and scenic routes. It’s good for your wallet, your health, and the environment.

TECH GADGETS AND ELECTRONICS: STAY UPDATED, SKIP THE CLUTTER

Technology moves fast — and what’s cutting-edge today can become obsolete tomorrow. Instead of splurging on expensive devices you’ll soon replace, renting helps you stay current without the e-waste or storage issues.

Need a laptop for a short-term project? Curious to try a drone or camera before committing to a purchase? Platforms like Playforce and Renticulous offer rentals for everything from mobile phones and tablets to projectors and gaming consoles. It’s a practical option for students, freelancers, and anyone needing high-end tech for a limited time.

HOBBIES AND LIFESTYLE GEAR: TRY BEFORE YOU BUY

Whether you’re exploring a new hobby like music, yoga, or photography, or planning a camping trip with friends, renting is a smart way to dip your toes in without diving into a big spend.

Local platforms such as HomeGym, Rentagame, and The Camp Company let you borrow everything from musical instruments and gaming consoles to sports and camping gear. Renting in this manner is ideal for trying out new hobbies without cluttering your home with barely used equipment. If you love it, you can invest in it. If not, return it with no strings attached.

As Singaporeans become more conscious consumers, the rental culture has great potential for growth and become a way of life. Think of it this way: renting isn’t about going without — it’s about having what you need, when you need it.

WHEN IT MAKES SENSE TO BUY

Renting is flexible and eco-friendly — but some items are worth owning. Consider buying when:

– You use it regularly. Daily essentials like laptops or home appliances are often more cost-effective to own.

– It’s a long-term investment. Purchasing a home can provide stability and grow in value over time.

– It holds personal or sentimental value. Heirloom jewellery or keepsakes are meaningful to own and pass on.

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