The rental market in Spain continues to experience significant changes, with average rental prices rising sharply by 16.18% in September 2025, according to the latest quarterly report from pisos.com. This increase brings the average rental cost to €13.79 per square meter, marking a monthly increase of 0.73% and a quarterly growth of 2.99%.
A Strained Rental Market
Experts have noted a troubling trend in the market: many investors are opting to sell their residential assets rather than renting them out, resulting in a shortage of new rental properties. This lack of available housing is contributing to the rising prices, making it increasingly difficult for renters to find affordable options. According to a spokesperson for pisos.com, the current rental offerings often fall into one of two categories: properties that are reasonably priced but lack desirable features, or well-appointed homes with monthly payments that are simply beyond the reach of the average salary.
Regional Variations in Rental Prices
The report highlights significant disparities in rental prices across different regions of Spain. The most expensive areas to rent in September were:
- Madrid: €21.47 per square meter
- Balearic Islands: €18.51 per square meter
- Catalonia: €15.97 per square meter
On the flip side, the regions with the cheapest rental prices included:
- La Rioja: €5.81 per square meter
- Castilla y León: €6.33 per square meter
- Extremadura: €6.49 per square meter
Notable Increases and Adjustments
In the third quarter of the year, the Basque Country saw the most significant price increase, rising by 8.55%. Conversely, the Canary Islands experienced a decline, with rental prices adjusting downwards by 2.47%. Year-over-year, Asturias reported the highest increase in rental prices at 29.83%, followed closely by other regions witnessing substantial growth.
The rising rental prices in Spain underscore the ongoing challenges in the housing market, particularly for those seeking affordable options. As property investors shift their strategies, the supply of rental homes continues to dwindle, exacerbating the situation for renters across the country. With significant regional variations in rental costs, the landscape remains complex, and prospective tenants may need to navigate carefully to find suitable housing within their budgets. As the market evolves, continued monitoring of rental trends will be essential for both renters and investors alike.
