Record highs in the rental market
In October 2025, Spain’s rental housing market once again saw notable growth. The average rent nationwide reached €14.5 per square meter, up 10.9% compared to the previous year. Despite this overall rise, there was a slight 0.7% decrease in the last three months, and a marginal 0.1% increase compared to September.
Top and bottom cities by price
The top three cities with the highest rents have changed: Palma now claims third place, overtaking San Sebastián. In 51 provincial capitals, rental prices are higher than a year ago, while only Huesca recorded a decrease of 1.7%. The sharpest increase was in Ceuta, up 21.9%. Significant growth was also seen in Zamora, Ciudad Real, Teruel, and Segovia. The smallest rises were recorded in Pamplona, San Sebastián, Girona, and Vitoria.
Rental prices continue to climb in the country’s largest cities. In Madrid, prices rose by 11.5%, in Sevilla by 9.7%, in Valencia by 7.6%, in Alicante by 7.4%, in Palma by 6%, in Bilbao by 5.6%, in Barcelona by 5.1%, and in Málaga by 3.8%. Barcelona remains the most expensive city for renters—€24.3 per square meter. Next are Madrid (€23) and Palma (€18.2). The rent in San Sebastián stands at €18.1, in Valencia at €15.5, in Málaga at €15.4, and in Bilbao at €15. The most affordable options are found in Ciudad Real, Lugo, Zamora, and Cáceres, where prices are €7.8 per square meter.
Trends by province and region
In 49 Spanish provinces, rental prices increased over the past year, with only Cáceres seeing a decrease of 0.5%. The sharpest rises were recorded in Zamora (19.9%), Segovia (14.3%), Palencia (13.4%), Ciudad Real (13.1%), and Teruel (12.9%). In the province of Barcelona, prices climbed by 5.9%, while in Madrid the jump was 12.7%. Minimal changes were observed in Soria, Huesca, Girona, Álava, and Navarra.
Madrid remains the most expensive province for renting, at 21.1 euros per square meter. Next are Barcelona (21 euros), Baleares (19.1 euros), Guipúzcoa (16.8 euros), Málaga (16.5 euros), Las Palmas (15.3 euros), and Santa Cruz de Tenerife (14.9 euros). The lowest prices are in Jaén and Ciudad Real.
Comparison between autonomous communities
Every region in Spain has recorded an increase in rental rates. Leading the rise is Comunidad de Madrid, up 12.7%. Following are Andalucía and Castilla-La Mancha, both with an 11.8% increase. Regions with growth below the national average include La Rioja, Comunitat Valenciana, Castilla y León, Baleares, Aragón, Canarias, Murcia, Asturias, and Catalunya. The smallest changes were seen in Navarra, Extremadura, Cantabria, Euskadi, and Galicia.
The highest average rental prices are found in Madrid, Baleares, and Catalunya at 19.1 euros per square meter. Next come Canarias and Euskadi. The most affordable regions are Extremadura and Castilla-La Mancha.
Calculation methodology and analytical features
Market data is compiled based on listings posted on the largest online platforms. Only current offers are used in the calculation, with duplicates and atypical properties excluded. Since March 2023, the analysis methodology has been improved, resulting in greater accuracy of the final indicators.
