Average residential rent per square meter in Spain 2023, by region
The Balearic Islands, Catalonia, and the Community of Madrid were the most expensive Spanish regions for residential real estate rents in October 2023. The average monthly rent per square meter in these regions was 16.1 euros. On the other end of the scale stood regions such as Extremadura and Castile-La Mancha which had the most affordable rental housing. In Spain, the majority of households live in an owner-occupied home. Nevertheless, rental rates have grown substantially since 2013, showing that the market is growing.