You may soon be able to use a buy now, pay later plan for your rent—what to know
Some renters will soon be able to pay their rent using a buy now, pay later plan through financial technology company Affirm, which offers installment-based payment plans for consumers at a wide variety of retailers.
Affirm will partner with fintech company Esusu to provide renters with “a flexible option for managing one of their largest monthly expenses,” an Affirm spokesperson said in a statement provided to CNBC Make It. Esusu offers memberships starting at $10 a month for services to help users build credit, including reporting rent payments to credit agencies.
Eligible renters will be able to use Affirm through Esusu to pay their rent in two equal, biweekly payments with 0% interest and no late fees, the spokesperson said. The offering is rolling out through a pilot program, and the companies have not yet announced a launch date.
Esusu’s recently launched split pay option already allows its plus and premium membership subscribers to break up rent payments throughout the month after an initial down payment, according to its website. The partnership with Affirm will give Esusu members another option to split their rent into two payments. Plus and premium memberships, which cost $35 and $50 a month, respectively, are only available to residents at Esusu-partnered properties, according to its website.
Nationally, rents in the U.S. were up about 3% in December 2025 compared with the previous year, according to Bureau of Labor Statistics data. And nearly half of all renters spent more than the recommended 30% of their income on housing costs in 2023, according to the most recent Census Bureau American Community Survey 1-year estimates.
A new payment option won’t solve the ‘underlying affordability issue’
Some financial experts are skeptical of using buy now, pay later plans for fixed costs like monthly rent.
Using a buy now, pay later plan for rent “could be useful in a true pinch or short-term emergency,” says Chris Jackson, a certified financial planner based in South Carolina. However, “relying on it consistently would be a mistake, particularly for people who already struggle keeping up with rent payments.”
Borrowing to cover your rent won’t solve the “underlying affordability issue,” he adds.
Douglas Boneparth, a CFP, founder of Bone Fide Wealth and member of CNBC’s financial advisor council, encourages anyone struggling to pay rent to work directly with their landlord to work out a payment agreement, rather than turning to a lender.
Boneparth has previously criticized installment plans for encouraging overspending and targeting consumers “who are most susceptible to borrowing when they shouldn’t,” he wrote on LinkedIn in 2025.
Using buy now, pay later plans for rent could be a “slippery slope” that has consumers “falling into traps of fiscal irresponsibility,” he says.
Outside of temporary hardships or broader socio-economic conditions, “we have to get down to those fundamentals and put yourself in a position to afford your lifestyle,” Boneparth says.
Affirm’s spokesperson said the new offer will be “a transparent option that offers flexibility for renters to align expenses with their paychecks.” They added, “We underwrite every application individually and we only approve people for what we believe they can responsibly afford to repay.”