---
title: "Rent & Housing Costs in Spain — Geo-Parity"
description: "Rent in Spain: about $542/month for a 70m² flat, 19.8% of the local median wage, mortgage rates 2.89%. Measured against local wages and your own income."
canonical: "https://geo-parity.com/housing/spain/"
json: "https://geo-parity.com/api/housing.json?country=ES"
generator: geo-parity markdown twin
---
[Expenses](https://geo-parity.com/expenses/?tab=housing) · Spain

# Rent and housing costs in Spain

About **$542** a month for a 70m² flat — **19.8%** of what a median local earner takes home. Measured from real published rents.

## The figures

- **Rent, 70m² flat**: $542/mo
- measured · 93 cities
- **Share of local median wage**: 19.8%
- local median ≈ $2,742/mo
- **Price-to-income**: 127%
- of this country's own long-run average
- **Price-to-rent**: 166.6%
- above 100 favours renting
- **Mortgage rate**: 2.89%
- new housing loans (ECB)
- **Housing price level**: 96.5
- EU27 = 100 (Eurostat)

Updated 2026-09-01. Price-to-income and price-to-rent compare Spain with its own long-run average, not with other countries. National averages — not financial advice.

## Rent by city

Real published figures for 93 cities, for a 70m² flat.

| Linares | $332/mo |
| --- | --- |
| Elda | $341/mo |
| Ponferrada | $344/mo |
| Alcoy/Alcoi | $349/mo |
| Ferrol | $355/mo |
| Lugo | $361/mo |
| Mérida | $395/mo |
| Zamora | $395/mo |
| Lorca | $397/mo |
| Talavera de la Reina | $402/mo |
| Gandia | $413/mo |
| Castellón de la Plana/Castelló de la Plana | $414/mo |
| Ourense | $416/mo |
| Cartagena | $418/mo |
| Cáceres | $423/mo |
| Elche/Elx | $425/mo |
| León | $443/mo |
| Palencia | $447/mo |
| Badajoz | $453/mo |
| Ciudad Real | $454/mo |

Showing the 20 cheapest of 93.

## Countries with similar rent

- [Colombia](https://geo-parity.com/housing/colombia/) — $448/mo , 125.4% of local wage
- [Türkiye](https://geo-parity.com/housing/turkiye/) — $453/mo , 42.1% of local wage
- [South Africa](https://geo-parity.com/housing/south-africa/) — $511/mo , 140.4% of local wage
- [Portugal](https://geo-parity.com/housing/portugal/) — $619/mo , 29.8% of local wage
- [Poland](https://geo-parity.com/housing/poland/) — $682/mo , 37.7% of local wage
- [Hungary](https://geo-parity.com/housing/hungary/) — $712/mo , 43.9% of local wage

See also: [all countries ranked](https://geo-parity.com/expenses/?tab=housing) · [what people earn in Spain](https://geo-parity.com/wage-bands/spain/) · [healthcare costs](https://geo-parity.com/healthcare/spain/)

## Frequently asked questions

How much is rent in Spain?

About $542 a month for a 70m² flat — measured from 93 cities published by Eurostat. That is 19.8% of the local median wage of roughly $2,742 a month. A national average, not a quote: what you pay depends on the city, the neighbourhood and when you look.

Can I afford to live in Spain on a remote salary?

That depends on the salary, which is the point. Rent of $542 is 19.8% of a local median wage; on a $6,000/month remote income it would be about 9%. The gap between those two figures is the arbitrage, and the housing tool computes it for any income you enter.

Is buying in Spain good value right now?

Price-to-income currently sits at 127% of Spain's own long-run average, so housing is 27% less affordable than its historical norm. Price-to-rent is at 166.6% of its own average — above 100 favours renting. These compare Spain with its own past, not with other countries.

Where does this data come from?

OECD (price-to-income and price-to-rent), the ECB (mortgage rates, euro area only) and Eurostat (measured city rents and housing price levels), refreshed at build time — last updated 2026-09-01. OECD — DSD_AN_HOUSE_PRICES, HPI_YDH_AVG (% of long-term average); OECD — DSD_AN_HOUSE_PRICES, HPI_RPI_AVG (% of long-term average); ECB Data Portal — MIR, new housing loans to households (euro area); Eurostat — prc_ppp_ind, ppp_cat A0104 (EU27=100); Eurostat Urban Audit — SA1049V, average annual rent per m² (EUR); Eurostat Urban Audit — SA1053V, apartment price per m² (EUR); Eurostat Urban Audit — SA1051V, average apartment price (EUR); HUD USER — Fair Market Rents FY2026, One-Bedroom (40th-percentile GROSS rent, incl. tenant-paid utilities, USD/month).

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Source: Geo-Parity — https://geo-parity.com/housing/spain/ · JSON: https://geo-parity.com/api/housing.json?country=ES