Buying vs. Renting a Modem and Router — Which Is Best? | SmartMove (2024)

Everyone wants fast Internet speeds, but not all Internet service providers (ISPs) offer the same packages. Many ISPs, including Comcast Xfinity, Spectrum, and Cox, offer their own equipment that you can rent for a monthly fee, but in most cases, you can also buy your own modem or router.

Let’s talk about which option is best.

Should I Buy My Own Modem and Router?

If you want the fastest WiFi speeds available and more control over your home network’s Internet connection, the cost of buying a new modem and router is worth the upfront cost.

Buying vs. Renting: Running the Numbers

Buying

Buying a new DSL or cable modem and router can cost anywhere from $50-$350 each. Or, instead of buying a separate modem and router, you can actually purchase a modem router combo for $300-$500.

The downside of buying is that your equipment will go through normal wear and tear, meaning you will eventually have to pay to replace both items. Most modems and routers are generally replaced about every three or four years.

Renting

Depending on the ISP you choose, renting can cost up to an extra $120-$300/year in equipment fees on your Internet bill.

In the long run, if you don’t buy the top-dollar, premium equipment, buying a modem and router is a more affordable option for high-speed Internet.

Do I Need an Expensive Modem or Router?

Buying your own equipment doesn’t have to be expensive, as you can easily buy your own modem or router from an online retailer such as Amazon.

Modems and routers are equipped to handle a certain amount of bandwidth, meaning you should check your Internet plan’s maximum Mbps download speeds before making a purchase. There’s no point in buying a super high-end device that you don’t even have the speeds to match!

Buying Your Own Modem

If you decide to buy your own equipment, make sure you buy a compatible modem. Cable Internet modems are categorized by a standard called DOCSIS. This standard is currently in its third generation. With each generation, the speeds become faster.

Some ISPs no longer allow DOCSIS 3.0, which means it is important to find a device that’s capable of DOCSIS 3.1.

If you aren't sure what to buy, make sure to contact your ISP to clarify before spending any money.

Buying Your Own Router

There are many great products on the market that can improve your connectivity.

Some of the benefits of buying your own WiFi router include warranties, potentially higher Internet speed, and you won’t have to rely on your Internet provider’s tech support if something goes wrong.

If you’re unsure which router is right for you, refer to our list of approved equipment for Spectrum, Comcast Xfinity, Cox, Optimum, and more.

Find the Internet Service that Fits Your Needs with SmartMove

Do you want the best Internet access for your money? Whether you want to rent your modem and router or buy your own, SmartMove can find the provider that fits your needs and budget.

We find the providers in your area, ensuring you have access to all the latest deals and coverage options, giving you a simplified way to connect for less.

Don’t overpay for equipment rental fees. SmartMove will find the package that has exactly what you need. Call now!

Buying vs. Renting a Modem and Router — Which Is Best? | SmartMove (2024)

FAQs

Buying vs. Renting a Modem and Router — Which Is Best? | SmartMove? ›

As satisfied as I've been with my service, owning your own equipment is almost always the better option. You'll often get better performance -- my upload speeds increased by more than 2,000% -- and it'll usually pay for itself within the first year or two.

Is it better to buy your own modem and router? ›

The up-front cost of purchasing a modem or router can be higher than renting one, but you will save money over time by owning your equipment. Modem prices depend on the brand and type. You'll pay more upfront to buy a modem, but you'll likely save money in the long run.

Is it better to have a modem and router or all in one? ›

If you opt for a separate modem and router, you'll get a more secure connection than a modem alone can offer. You'll be able to connect a variety of devices, and if the router is wireless, you can do so without cables. The router should also offer more security features than a standalone modem would.

Do I need a modem or can I just use a router? ›

Many people wonder if they can get WiFi with just a modem. But to use WiFi, you will need both a modem and a router. Routers also offer benefits beyond WiFi access. You need both a modem and router to connect to the Internet on multiple devices.

Is buying a WiFi router worth it? ›

Depending on the ISP you choose, renting can cost up to an extra $120-$300/year in equipment fees on your Internet bill. In the long run, if you don't buy the top-dollar, premium equipment, buying a modem and router is a more affordable option for high-speed Internet.

How much should I spend on a router and modem? ›

Most ISPs charge between $10 and $15 monthly for equipment, while you can generally get a modem and router for less than $200. Purchasing your own internet equipment usually pays for itself in the first year, but it often comes with some additional headaches.

How much does a good modem cost? ›

Most newer wireless devices work better on 5 GHz, so dual-band is usually the better option. Cable modem and Wi-Fi router prices range from $50 up to $350 each.

What are the downsides of a router and modem combo? ›

Disadvantages of Router And Modem Combo

Less control over security settings. More challenging to troubleshoot with your Internet service provider. You may have to pay a monthly rental fee to your ISP.

Is a gateway better than a modem and router? ›

Gateways are definitely sleeker and are also generally easier to set up than separate modems and routers—and combining devices could cut down on troubleshooting if connectivity problems arise. Using the gateway device supplied by your ISP also means less worry about upgrades.

How often should I replace my modem and router? ›

In general, experts recommend upgrading your router at least every five years. Make that every two to three years if you use lots of smart home gadgets, or if you make a regular habit of buying the latest laptops, phones and other primary Wi-Fi devices.

Can I get internet with just a router? ›

If you have multiple devices that need to connect to the Internet, you'll need a router. However, a router by itself will not allow you to connect to the Internet. A router must be connected to the modem to distribute the internet connection to your devices.

How much is a new router? ›

Entry-level Wi-Fi routers average around $75, but you can find some ultra-cheap models for under $50. Mesh systems start around $200, and it's not uncommon to see high-performance gaming routers in the $400-$500 range.

Do routers have built-in modems? ›

Routers and modems have traditionally been two separate devices that worked together to form your home network. However, with today's technology, you don't need a separate modem and separate router necessarily, as new combination modem and router units merge the two devices' functions into one powerful gadget.

What are the disadvantages of routers? ›

However, the following are the disadvantages of routers:
  • They are more expensive than other networking devices.
  • Their firmware contains several vulnerabilities that cyber attackers can easily exploit.
  • They are relatively slow as they process data packets at three layers.
  • They operate on routable network protocols.
Sep 23, 2022

What is the best router brand? ›

The quick list
  • Asus RT-BE96U. View at Amazon. View at Best Buy. ...
  • TP-Link Archer AX55. View at Amazon. View at antonline. ...
  • Asus ROG GT-AX11000. View at Newegg. ...
  • Netgear Orbi WiFi 6E. View at Amazon. ...
  • TP-Link Deco X20. View at Amazon. ...
  • Eero Max 7. View at Amazon. ...
  • Netgear Orbi RBK863SB. View at Amazon. ...
  • Netgear RAXE500. View at Amazon.
4 days ago

Is it better to have separate modem and router or all in one? ›

Is it better to have a separate modem and router? Yes, it's better to have separate devices due to its numerous advantages like more features, faster connectivity, better customization, and improved security.

Will buying my own modem make my internet faster? ›

Buying your own cable modem ensures that you can upgrade to the speeds you get through your service provider. With DOCSIS 3.0 or 3.1 compatible modems, you'll get the best performance and speeds.

Does an expensive modem make a difference? ›

Just like routers, more expensive modems provide faster speeds—as long as you have a fast enough plan with your ISP. Conversely, if you pay for a super-fast internet package but buy a cheap modem, you may not be getting those advertised speeds.

Does buying a better router make a difference? ›

Newer routers offer better speed, range and stability. They are equipped to handle more devices simultaneously and often support the latest Wi-Fi standards, which provide faster data transfer rates and improved efficiency, especially in environments with many connected devices.

What is the advantage of having your own router? ›

3. Complete control over your home network. Using your own Wi-Fi router gives you complete control over your home network since it is your equipment after all. This means you can tinker with settings that would otherwise be locked and tune things just to your liking.

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