Learning how to rekey locks is worth an afternoon, because rekeying costs $50 to $130 plus $10 to $25 per cylinder professionally and keeps your existing hardware, finish and door prep. Replacement adds the price of a lock set for every door on top of that.
What rekeying actually changes
What does rekeying a lock do?
It changes the pin stack inside the existing cylinder so a new key operates it and every old key stops working. The lock body, the handle, the finish and the holes in your door all stay exactly as they are.
That is the entire appeal. You get the security outcome of a new lock, which is that nobody holding an old key can get in, without paying for new hardware or living with a mismatched handle.
The lockout and locksmith guide covers the trade, a house lockout is the emergency version, and Emergency Services 24H routes either.
The trade treats the choice the same way. PJ Slauson, who runs a US locksmith supply business, works a residential rekey as a hundred-dollar-class job against replacing the lock outright.
Wherever the hardware is sound, rekeying is the cheaper answer. Replacement earns its price when the lock is damaged, worn or being upgraded, not because the keys changed hands.
A rekey that leaves you with a lock you do not trust is not a saving, and a replacement you did not need is not security.
Rekey kits only fit one keyway
This is the single most common reason a DIY rekey fails, and no page on the first page of results states it plainly.
A rekey kit is manufacturer-specific. Kwikset pins do not fit a Schlage plug, Schlage pins do not fit a Baldwin, and the follower supplied with one brand’s kit is the wrong diameter for another. If your house has a mix of brands, which most do after a few years of replacements, one kit will not do the whole house.
Read the brand off the face of the cylinder before you buy anything. It is usually cast into the metal around the keyway.

