Cost of Housing in Spain 2024: Rent and Buy in 21 Largest Cities

Spain, a country known for its diverse culture, vibrant festivals, and beautiful landscapes, is also home to some of the most dynamic real estate markets in Europe. This article provides an in-depth look at the cost of housing in the 21 largest cities in Spain, focusing on both rental and purchase prices.

All prices shown as of July 6, 2024 according to Idealista.com

1. Madrid

Population: 3,255,944
Rent: 25.40 eur/m²
Buy: 5,744 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Madrid would cost around 1,270 eur/month to rent and 287,200 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 1,778 eur/month to rent and 401,080 eur to buy.

2. Barcelona

Rent in Barcelona, Buy a property in Barcelona

Population: 1,621,537
Rent: 29.40 eur/m²
Buy: 5,009 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Barcelona would cost around 1,470 eur/month to rent and 250,450 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 2,058 eur/month to rent and 350,630 eur to buy.

3. Valencia

Rent in Valencia, Buy property in Valencia

Population: 814,208
Rent: 17.50 eur/m²
Buy: 3,063 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Valencia would cost around 875 eur/month to rent and 153,150 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 1,225 eur/month to rent and 214,410 eur to buy.

4. Sevilla

Rent in Sevilla, Buy a property in Sevilla

Population: 703,206
Rent: 13.33 eur/m²
Buy: 2,545 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Sevilla would cost around 667 eur/month to rent and 127,250 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 933 eur/month to rent and 178,150 eur to buy.

5. Zaragoza

Rent in Zaragoza, Buy a property in Zaragoza

Population: 674,317
Rent: 11.16 eur/m²
Buy: 1,992 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Zaragoza would cost around 558 eur/month to rent and 99,600 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 781 eur/month to rent and 139,440 eur to buy.

6. Malaga

Population: 568,305
Rent: 17.49 eur/m²
Buy: 3,475 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Malaga would cost around 874.5 eur/month to rent and 173,750 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 1,224.3 eur/month to rent and 243,250 eur to buy.

7. Murcia

Population: 436,870
Rent: 9.74 eur/m²
Buy: 1,372 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Murcia would cost around 487 eur/month to rent and 68,600 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 681.8 eur/month to rent and 96,040 eur to buy.

8. Palma de Mallorca

Rent in Palma de Mallorca, Buy property in Palma de Mallorca

Population: 401,270
Rent: 21.41 eur/m²
Buy: 5,325 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Palma would cost around 1,070.5 eur/month to rent and 266,250 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 1,498.7 eur/month to rent and 372,750 eur to buy.

9. Las Palmas de Gran Canaria

Rent in Las Palmas, Buy a property in Las Palmas

Population: 381,847
Rent: 18.21 eur/m²
Buy: 2,607 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Las Palmas de Gran Canaria would cost around 910.5 eur/month to rent and 130,350 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 1,274.7 eur/month to rent and 182,490 eur to buy.

10. Bilbao

Rent in Bilbao, buy a property in Bilbao

Population: 354,860
Rent: 15.66 eur/m²
Buy: 3,696 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Bilbao would cost around 783 eur/month to rent and 184,800 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 1,096.2 eur/month to rent and 258,720 eur to buy.

11. Alicante

Rent in Alicante, buy a property in Alicante

Population: 334,757
Rent: 17.26 eur/m²
Buy: 2,398 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Alicante would cost around 863 eur/month to rent and 119,900 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 1,208.2 eur/month to rent and 167,860 eur to buy.

12. Cordoba

Price rent in Cordoba, buy a property in Cordoba

Population: 328,428
Rent: 9.06 eur/m²
Buy: 1,586 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Cordoba would cost around 453 eur/month to rent and 79,300 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 634.2 eur/month to rent and 111,020 eur to buy.

13. Valladolid

Rent price in Valladolid, Buy a property in Valladolid

Population: 317,864
Rent: 9.75 eur/m²
Buy: 1,873 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Valladolid would cost around 487.5 eur/month to rent and 93,650 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 682.5 eur/month to rent and 131,110 eur to buy.

14. Vigo

Rent price in Vigo, buy a property in Vigo Spain

Population: 297,332
Rent: 11.37 eur/m²
Buy: 2,394 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Vigo would cost around 568.5 eur/month to rent and 119,700 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 795.9 eur/month to rent and 167,580 eur to buy.

15. Gijon

Rent prices in Gijon, buy a property in Gijon Spain

Population: 277,554
Rent: 13.83 eur/m²
Buy: 2,207 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Gijon would cost around 691.5 eur/month to rent and 110,350 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 967.1 eur/month to rent and 154,490 eur to buy.

16. A Coruna

Rent in A Coruna, buy a property in A Coruna

Population: 246,056
Rent: 11.74 eur/m²
Buy: 2,743 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in A Coruna would cost around 587 eur/month to rent and 137,150 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 821.8 eur/month to rent and 192,010 eur to buy.

17. Gasteiz / Vitoria

rent in Gasteiz Vitoria, buy property in Gasteiz Vitoria

Population: 235,661
Rent: 14.55 eur/m²
Buy: 2,828 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Gasteiz / Vitoria would cost around 727.5 eur/month to rent and 141,400 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 1,018.5 eur/month to rent and 197,960 eur to buy.

18. Granada

Rent prices in Granada, buy a property in Granada

Population: 234,325
Rent: 10.79 eur/m²
Buy: 2,443 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Granada would cost around 539.5 eur/month to rent and 122,150 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 755.3 eur/month to rent and 171,010 eur to buy.

19. Elche

Rent prices in Elche, buy property in Elche

Population: 230,112
Rent: 10.40 eur/m²
Buy: 1,632 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Elche would cost around 520 eur/month to rent and 81,600 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 728 eur/month to rent and 114,240 eur to buy.

20. Oviedo

Rent in Oviedo, buy a property in Oviedo

Population: 224,005
Rent: 10.50 eur/m²
Buy: 1,849 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Oviedo would cost around 525 eur/month to rent and 92,450 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 735 eur/month to rent and 129,430 eur to buy.

21. Santa Cruz de Tenerife

Rent in Santa Cruz de Tenerife, buy a property

Population: 222,417
Rent: 13.96 eur/m²
Buy: 2,265 eur/m²
Examples:
- A 1-bedroom apartment (50 m²) in Santa Cruz de Tenerife would cost around 698 eur/month to rent and 113,250 eur to buy.
- A 2-bedroom apartment (70 m²) would cost around 977.2 eur/month to rent and 158,550 eur to buy.

Table view with prices for square meter

City	Population	Rent	Buy
Madrid	3,255,944	25.40 eur/m²	5,744 eur/m²
Barcelona	1,621,537	29.40 eur/m²	5,009 eur/m²
Valencia	814,208	17.50 eur/m²	3,063 eur/m²
Sevilla	703,206	13.33 eur/m²	2,545 eur/m²
Zaragoza	674,317	11.16 eur/m²	1,992 eur/m²
Malaga	568,305	17.49 eur/m²	3,475 eur/m²
Murcia	436,870	9.74 eur/m²	1,372 eur/m²
Palma	401,270	21.41 eur/m²	5,325 eur/m²
Las Palmas de Gran Canaria	381,847	18.21 eur/m²	2,607 eur/m²
Bilbao	354,860	15.66 eur/m²	3,696 eur/m²
Alicante	334,757	17.26 eur/m²	2,398 eur/m²
Cordoba	328,428	9.06 eur/m²	1,586 eur/m²
Valladolid	317,864	9.75 eur/m²	1,873 eur/m²
Vigo	297,332	11.37 eur/m²	2,394 eur/m²
Gijon	277,554	13.83 eur/m²	2,207 eur/m²
A Coruna	246,056	11.74 eur/m²	2,743 eur/m²
Gasteiz / Vitoria	235,661	14.55 eur/m²	2,828 eur/m²
Granada	234,325	10.79 eur/m²	2,443 eur/m²
Elche	230,112	10.40 eur/m²	1,632 eur/m²
Oviedo	224,005	10.50 eur/m²	1,849 eur/m²
Santa Cruz de Tenerife	222,417	13.96 eur/m²	2,265 eur/m²

To sum up, the housing landscape in Spain is as varied as its rich culture. From the energetic city life in Madrid to the serene coastal life in Alicante, each city presents a unique living experience and housing cost. The housing costs, encompassing both rental and purchase prices, show considerable variation across Spain’s 21 largest cities. Economic hubs and cultural hotspots like Madrid and Barcelona naturally have higher prices, while cities like Murcia and Zaragoza are more budget-friendly.

However, it’s important to remember that housing cost is just one piece of the puzzle when deciding where to live. The quality of life, employment opportunities, and cultural richness are equally significant. Comprehensive research and consideration of all these aspects are key to making an informed decision.

Whether your plan is to rent or buy, having a clear understanding of the local real estate market can guide you towards making a sound decision. We hope this detailed guide offers valuable insights into the housing costs in Spain’s largest cities and assists you in navigating the Spanish real estate market. Remember, finding the perfect home is not just about the cost, but also about finding a place that complements your lifestyle and aspirations.