Got the house! Now do I rehab with vinyl or laminate flooring?

[Hannah Joy]

Purchased my first house to rehab!!! Excited and terrified! 

I'm ripping out carpet and putting flooring in but I can't decide between vinyl and laminate. Vinyl is pricier, is it really necessary in a rental? I'm looking at water resistant laminate with attached pad and 25 yr warranty at 1.59 per sf. Will I regret going the cheaper route? I'm on a super tight budget and need to rent asap. 

Thanks!