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MAP: Where are the cheapest places to rent in Spain in 2020?

If you’re looking to relocate to Spain or you’re planning to move to a cheaper part of the country, here is the latest government data on the cheapest and most expensive provinces to rent a property in.

MAP: Where are the cheapest places to rent in Spain in 2020?
Photo:AFP/The Local

Figuring out where the best place to live in Spain is can be a tough decision, not least because there are considerable price differences between regions when it comes to renting a property. 

Prior to the coronavirus pandemic, the general trend for rental costs in Spain was on the up overall, especially in Madrid and Barcelona where prices had shot up by 30 and 35 percent respectively since 2010 (September 2018 figures).

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The latest data by Spanish rental platform Idealista suggests that during the three months of Spain’s lockdown rents hardly dropped across the country’s 20 biggest cities and in some cases actually went up, as in the case of Palma de Mallorca (+4.2 percent), Valencia (+3.26 percent) and Barcelona (+4.76 percent).

There had been hopes that Spain’s left-wing coalition government would introduce rent caps especially with regard to the growing job crisis born from months of economic stagnation.

But on Tuesday June 30th, the country’s Transport and Urban Affairs Minister José Luis Ábalos made no mention of this, announcing instead a new rent index which allows Spaniards to zoom in on specific areas to find average rent prices.

Although the Spanish government has used data from more than €11.2 million rental contracts, the website itself doesn’t appear to be that user-friendly.

However, here at The Local Spain we’ve started crunching the numbers and compiled the following map which shows the latest average rent prices across Spain’s 50 provinces in 2020 (with the exception of Spain’s Basque Country which didn’t supply the data).

The most expensive areas to rent in Spain

Madrid takes top place with rents on average costing €780 a month, more than €300 than across the majority of Spain.

Next in line is Catalonia, where tenants paid on average €694, and the touristy Balearic Islands where renting costs €624 a month on average.

At or under the €600 mark but still more pricey rents than most of Spain are the Andalusian provinces of Seville (€561/month) and Málaga (€600).

According to the data, Cantabria is the most expensive region to rent along Spain’s northern coast with average rents around €490, although the Basque Country’s provinces would be higher than this if the data had been provided.

The beautiful coastal town of Peñíscola is in Spain's cheapest province to rent: Castellón. Photo: Zoies Koraki/Flickr

The cheapest areas to rent in Spain

Lugo in the green region of Galicia is the cheapest place to rent in the north of Spain at €363/month, with neighbouring Ourense and León also well-priced at around €400 on average.

Ciudad Real to the south of Madrid and Ávila and Zamora to the west have the best rents in Spain’s interior, averaging €380 or less. 

Then there are the mainly rural provinces of Cáceres and Badajoz in Extremadura – on Spain’s border with Portugal, where rents hover around the €400 mark.

The cheapest province on Spain’s Mediterranean coast is Castellón at €360, making it also the cheapest place to rent in the whole country.

Further down the country’s eastern coastline Almería and Murcia are also well-priced at around €400 while Valencia and Alicante provinces are €50 more expensive on average.  

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RENTING

Berlin rental prices rose by ‘almost a third’ in three months

Berlin is now the second most expensive city in Germany after Munich, as rents rose by almost 30 percent in just three months.

Berlin rental prices rose by 'almost a third' in three months

A recent survey by the housing portal Immowelt has shown that the momentum in the rental market in Germany is continuing to increase, and nowhere more so than in the capital.

Since November 2022, the average asking prices for new rental contracts increased by 27 percent: from €9.86 to €12.55 per square metre.

READ ALSO: Number of furnished rental apartments rising rapidly in Germany

Before this sharp increase, Berlin was in the middle of the price ranking for rents in German cities with more than 500,000 inhabitants. Then, in December, the average rental cost per square metre exceeded €10.

According to the latest available statistics from 2021, the most expensive Berlin district was Mitte, where rents cost on average €14 per square metre. This was followed by Friedrichschain-Kreuzberg (€13.52) and Charlottenburg-Wilmersdorf (€13.29)

The cheapest district was Spandau (€8.22).

Why are rental prices increasing so much in Berlin?

According to Immowelt, there are several reasons for the rental cost spike in Berlin. Firstly, the population has been growing for years due to immigration.

According to the real estate portal, almost 140,000 more people were living in the capital at the end of December last year than five years ago, and the demand for housing has also increased due to the war in Ukraine.

The high interest rates and rising building costs are also a factor. As a result, too few new living spaces are currently being built in the capital. There are also continuing catch-up effects of the failed rental-cap policy – when the German Federal Constitutional court overturned a price cap on rents in the city in 2021.

Since then, apartments that were rented at lower prices have since been offered at significantly higher rates for new leases. 

READ ALSO: EXPLAINED: What the decision to get rid of Berlin’s rental cap means for you

However, Immowelt pointed out that the rental price spike in Berlin is an outlier among all the cities surveyed and the jump in rents could also be a seasonal effect, the momentum of which may weaken again in the course of the year. 

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