I rent my cylinder as that is the only option I have here in Australia, the E size I have is 4.1cubic meters which does a lot of welding time @ 8l/minute and lasts me on average about 1 year (about 8.5hours at 100% welding time), but in reality most weld jobs are only a few seconds or a minute here and there, although 8.5 hours doesn't seem a lot it really is in a hobby. That is unless your in production in a commercial environment. The rest of the time you are assembling, cutting, measuring, grinding etc and not much welding.
However I have since found out that there is a company that will sell me a cylinder but their refill is quite expensive and I have to get it from them as no other company will refill them, however I am now getting to the stage where most of my welding projects are finished so a gas bottle will last me several years and I will save on the exorbitant rental cost.
Once this bottle is empty I will be sending it back and looking to getting my own cylinder.
Cheers
Ed.