What are the advantage of renting a living space?

1) You have a good roof over your head.

2) You have no costs for maintenance or upgrades.

3) Your insurance on your belongings is MUCH cheaper than if you own a home.

4) You can move to another place with relatively little hassle.

Those are distinct advantages. There is a list of disadvantages as opposed to owning, too, but you didn't ask for those.