The average price per square meter of residential rental property in Spain has shown a consistent upward trend, reflecting a steady growth in the rental market. In 2024, the average rent reached **** euros per square meter. This marks a notable increase since 2015, when rent cost *** euros per square meter. Rental costs varied across the different regions of the country, with the Balearic Islands and Catalonia recording the highest rents.

The Balearic Islands, Catalonia, and the Community of Madrid were the most expensive Spanish regions for residential real estate rents in October 2023. The average monthly rent per square meter in these regions was 16.1 euros. On the other end of the scale stood regions such as Extremadura and Castile-La Mancha which had the most affordable rental housing. In Spain, the majority of households live in an owner-occupied home. Nevertheless, rental rates have grown substantially since 2013, showing that the market is growing.

The Community of Madrid was the most expensive single-province region to rent a home in Spain in October 2023. The monthly rent per square meter in Madrid stood at 17.8 euros in that period. Overall, the Community of Madrid had some of the highest residential rents in Spain. In Spain, the majority of households live in an owner-occupied home. Nevertheless, rental rates have grown substantially since 2013, showing that the market is growing.

Spain ES: Rent Price Index: sa data was reported at 112.558 2015=100 in Mar 2025. This records an increase from the previous number of 111.935 2015=100 for Dec 2024. Spain ES: Rent Price Index: sa data is updated quarterly, averaging 46.219 2015=100 from Mar 1961 (Median) to Mar 2025, with 257 observations. The data reached an all-time high of 112.558 2015=100 in Mar 2025 and a record low of 3.357 2015=100 in Mar 1961. Spain ES: Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Spain – Table ES.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly.

The house price to rent ratio in Spain has increased quarter-on-quarter since 2015, with the third quarter of 2024 seeing the highest index value. In that quarter, the index reached ***** index points, up from ***** index points in the same period the year before. The house price to rent ratio is calculated by dividing the nominal house prices by rent prices, with 2015 chosen as a base year when the value was set to 100. A value of over 100 shows that house prices have risen at a faster pace than rents. In comparison, the OECD average house price index stood lower, indicating a higher housing affordability than in Spain.

Price to Rent Ratio in Spain increased to 149.13 in the fourth quarter of 2024 from 145.61 in the third quarter of 2024. This dataset includes a chart with historical data for Spain Price to Rent Ratio.

Malaga was the most expensive city for renting residential real estate in Andalusia, Spain, in October 2023. The average monthly rent stood at 13 euros per square meter in that period. Overall, rents in Andalusia were lower than the national average. Though the rental market in Spain has been on an upward trend, the majority of households live in an owner-occupied home.

Zamora, Castile and Leon, were the cities with the most affordable residential rent in Spain in May 2023, with an average price that stood at *** euros per square meter. Caceres closely followed with an average cost of a square meter of the rental home of *** euros.

Valencia was the most expensive city for renting residential real estate in the Region of Valencia in Spain, in October 2023. The average monthly rent stood at 12.9 euros per square meter in that period. That was slightly higher than the national average. Overall, the majority of households in Spain live in an owner-occupied home.

This statistic shows the provinces of Spain with the cheapest cost of house rent per square meter as of December 2019. The province Jaen ranked second in the top of Spanish provinces with the cheapest cost of house rent, with the average at 4.8 euros per square meter. In contrast, the Balearic Islands ranked as the most expensive Spanish autonomous community to rent a property during the same period.

Spain ES: Standardised Price-Rent Ratio: sa data was reported at 149.536 Ratio in Dec 2024. This records an increase from the previous number of 146.008 Ratio for Sep 2024. Spain ES: Standardised Price-Rent Ratio: sa data is updated quarterly, averaging 90.885 Ratio from Mar 1971 (Median) to Dec 2024, with 216 observations. The data reached an all-time high of 163.369 Ratio in Sep 2007 and a record low of 29.258 Ratio in Dec 1971. Spain ES: Standardised Price-Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Spain – Table ES.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by rent price indices. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

Renters in Spain spent an average of 43 percent of their salary on house rent in 2023. The least affordable autonomous communities to rent a house Madrid and the Balearic Islands, where rental dwellings required roughly 62 percent of the average gross salary. On the other hand, the autonomous region of Extremadura was the least financially demanding, with a share of 23 percent.

The average time that a house was on rent in September 2022 was ** days. Residential properties stood *** days less on the market in comparison to the previous year, which was the highest figure of the entire period analyzed.

Spain ES: Forest Rents: % of GDP data was reported at 0.028 % in 2016. This records a decrease from the previous number of 0.029 % for 2015. Spain ES: Forest Rents: % of GDP data is updated yearly, averaging 0.042 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 0.118 % in 1970 and a record low of 0.018 % in 2005. Spain ES: Forest Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank: Land Use, Protected Areas and National Wealth. Forest rents are roundwood harvest times the product of regional prices and a regional rental rate.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;

Spain ES: Total Natural Resources Rents: % of GDP data was reported at 0.064 % in 2016. This records a decrease from the previous number of 0.069 % for 2015. Spain ES: Total Natural Resources Rents: % of GDP data is updated yearly, averaging 0.078 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 0.458 % in 1982 and a record low of 0.035 % in 1999. Spain ES: Total Natural Resources Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank: Land Use, Protected Areas and National Wealth. Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;

Residents of the Balearic Islands, Catalonia, and the Community of Madrid spent more than half of their gross income on rent in 2022. In contrast, renting a home was substantially more affordable in communities such as Castile-La Mancha and Extremadura. In these Spanish regions, the average rent was about a quarter of the gross income.

Spain ES: Natural Gas Rents: % of GDP data was reported at 0.000 % in 2016. This records a decrease from the previous number of 0.000 % for 2015. Spain ES: Natural Gas Rents: % of GDP data is updated yearly, averaging 0.000 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 0.011 % in 1989 and a record low of 0.000 % in 1982. Spain ES: Natural Gas Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank: Land Use, Protected Areas and National Wealth. Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;

Barcelona was the most expensive city for renting residential real estate in Catalonia, Spain, in October 2023. The average monthly rent stood at 20.4 euros per square meter in that period. Catalonia was one of the priciest provinces for renters in the country. Overall, the majority of households in Spain live in an owner-occupied home.

Spain ES: Coal Rents: % of GDP data was reported at 0.001 % in 2016. This records a decrease from the previous number of 0.001 % for 2015. Spain ES: Coal Rents: % of GDP data is updated yearly, averaging 0.014 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 0.260 % in 1982 and a record low of 0.000 % in 1999. Spain ES: Coal Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank.WDI: Land Use, Protected Areas and National Wealth. Coal rents are the difference between the value of both hard and soft coal production at world prices and their total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

The monthly prime rent of office space in Madrid, Spain, was the highest in the Central Business District (CBD). In the first quarter of 2024, a square meter of office space in Madrid's CBD cost **** euros per month. In the city's periphery, the cost was much lower, at **** euros per square meter. In 2023, office rents in Madrid increased after remaining stable for three years in a row.