Discover why Spain’s real estate rentals is experiencing record-high prices in 2025, with average rents up 48% since 2020. Explore the key drivers, regional hotspots, and where to find the most affordable homes to rent in Spain.
Spain Real Estate Rentals: Average Prices Surge 48% Over Five Years to Historic Highs in 2025
The Spanish rental market is in the midst of an unprecedented boom, with prices hitting new records across almost the entire country. As of mid-2025, the average cost of renting a home in Spain is now 48% higher than it was just five years ago, placing huge pressure on tenants and significantly reshaping the real estate landscape.
Why Are Rents in Spain Skyrocketing?
The sharp rise in Spanish rental prices is driven primarily by a major supply-demand imbalance. Demand for rental properties continues to surge, while the supply remains restricted due to several key factors:
- Insufficient New Construction: The pace of new housing development has been slow, leaving few new rental units on the market.
- Tourist Apartments Boom: Many landlords are pivoting to short-term tourist rentals—especially in prime locations—which restricts the supply available for long-term residents.
- Regulatory Uncertainty: Changes and uncertainty in rental laws have led some property owners to withdraw homes from the rental market, further squeezing supply.
Record Rental Prices Across Almost All Provinces
Recent data reveals that 48 of Spain’s 50 provinces have seen rental prices hit all-time highs in the first half of 2025. Soria and Teruel are the only exceptions, although both reached previous peaks recently. Since 2022, the pace of rent increases has accelerated, pushing average prices to new heights month after month.
Top Provinces by Rental Price Growth (5 Years):
- Malaga: +78%
- Girona: +75%
- Cantabria: +75%
- Valencia: +74%
- Alicante: +71%
- Segovia: +69%
- Santa Cruz de Tenerife: +67%
- Balearic Islands: +66%
Even the provinces with the lowest growth—such as Soria and Cordoba—have seen rents increase by over 20% since 2020.
How Much Does It Cost to Rent in Spain’s Hottest Markets?
- Barcelona: €1,498/month for a 70m² apartment (average)
- Madrid: €1,463/month
- Malaga, Balearic Islands, Gipuzkoa, Bizkaia, Las Palmas, Girona: Rents also exceed €1,000/month for average apartments
- Santa Cruz de Tenerife, Valencia, Cantabria: Rents are approaching €1,000/month
Where to Find Affordable Rentals in Spain?
If you’re looking for lower rents, the best options are often found in inland regions:
- León, Zamora, Ourense, Soria, Badajoz, Cáceres, Cuenca, Teruel, Ciudad Real, and Jaén: Average monthly rents for a 70m² apartment range from €400 to €500, making these provinces the most affordable in Spain.
Growing Challenges for Renters Across Spain
The Spain’s real estate rentals’ rapid price growth over the past five years highlights an urgent need for more rental supply and updated regulatory measures. As rents reach new highs in 2025, especially in popular coastal and tourist areas, renters face stiffer competition and increasing costs. Whether you’re searching for a home in Barcelona or considering more affordable options in the Spanish interior, understanding these trends is crucial for making informed real estate decisions.
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