Owning is always better than renting any day of the week. When you own your own home you earn equity in the home each year. This is an investment that will grow as the year pass. If you continue to pay rent each month all you are doing is paying another person's mortgage and putting money in his pocket. You are young and need to think about your future. I know it seems so far away, but it comes before you know it. When you are older more than likely your home will be paid for. You will have the freedom of living there rent free each month. You'll still need to pay the upkeep and utilities, but this is nothing compared to paying rent.
As a renter, you are not guaranteed that your rent will rise from month to month. A landlord can raise the rent as often as he pleases. Even if you live by a lease when the lease expires they can throw you out or chose to renew your lease at a much higher rate. If you own your own home, your house payment will be the same each month and it is so much easier to budget your money and in the end, the house is yours. You can turn around and sell it for a profit and reinvest the money in a new home or a larger one. If you are smart, you'll stop renting and start looking to buy a home. You can always sell it in a few years and buy a larger one if that is what you want to do.