Gross rental yields in Spain: Barcelona and 7 other cities

The average gross rental yield in Spain stands at 6.09% (2023, Q3).

  • Madrid
  • Barcelona
  • Valencia
  • Cordoba
  • Seville
  • Alicante
  • Palma de Mallorca
  • Murcia
  Last Updated: Aug 16, 2022
MADRID - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Centro  
Studio €185,000 €950 6.16%
1-Bedroom €249,000 €1,400 6.75%
2-Bedroom €600,000 €2,000 4.00%
3-Bedroom €829,000 €2,600 3.76%
4+Bedroom €859,000 €3,300 4.61%
Barrio de Salamanca  
Studio €300,000 €1,100 4.40%
1-Bedroom €360,000 €1,500 5.00%
2-Bedroom €679,000 €2,347 4.15%
3-Bedroom €1,100,000 €3,300 3.60%
4+Bedroom €1,750,000 €4,790 3.28%
Carabanchel  
1-Bedroom €165,000 €850 6.18%
2-Bedroom €170,000 €1,200 8.47%
3-Bedroom €189,000 €1,085 6.89%
4+Bedroom €290,000 €1,450 6.00%
Chamberi  
Studio €230,000 €900 4.70%
1-Bedroom €280,250 €1,500 6.42%
2-Bedroom €526,585 €1,800 4.10%
3-Bedroom €799,000 €2,717 4.08%
4+Bedroom €1,050,000 €3,000 3.43%
Ciudad Lineal  
Studio €190,000 €825 5.21%
1-Bedroom €199,800 €950 5.71%
2-Bedroom €240,000 €1,200 6.00%
3-Bedroom €250,000 €1,400 6.72%
4+Bedroom €625,000 €2,000 3.84%
Puente de Vallecas  
1-Bedroom €133,000 €800 7.22%
2-Bedroom €135,500 €850 7.53%
3-Bedroom €158,500 €980 7.42%
Tetuán  
Studio €190,000 €828 5.23%
1-Bedroom €223,996 €1,190 6.38%
2-Bedroom €297,000 €1,500 6.06%
3-Bedroom €502,000 €1,998 4.78%
4+Bedroom €799,000 €2,825 4.24%
Chamartin  
Studio €199,000 €1,050 6.33%
1-Bedroom €370,000 €1,300 4.22%
2-Bedroom €485,000 €1,800 4.45%
3-Bedroom €642,000 €2,323 4.34%
4+Bedroom €1,280,000 €3,600 3.38%
Madrid avg. Rental Yields 5.27%
BARCELONA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Eixample  
Studio €195,000 €1,350 8.31%
1-Bedroom €335,000 €1,850 6.63%
2-Bedroom €496,500 €2,293 5.54%
3-Bedroom €529,000 €2,495 5.66%
4+Bedroom €595,000 €2,800 5.65%
Ciuatat Vella  
Studio €175,000 €1,095 7.51%
1-Bedroom €239,000 €1,300 6.53%
2-Bedroom €369,000 €1,800 5.85%
3-Bedroom €360,000 €1,950 6.50%
4+Bedroom €550,000 €2,999 6.54%
Sant Martí  
1-Bedroom €237,000 €1,695 8.58%
2-Bedroom €277,000 €1,850 8.01%
3-Bedroom €319,900 €2,325 8.72%
4+Bedroom €395,000 €3,025 9.19%
Sarrià-Sant Gervasi  
Studio €250,000 €1,250 6.00%
1-Bedroom €427,250 €1,500 4.21%
2-Bedroom €570,000 €2,000 4.21%
3-Bedroom €722,500 €2,550 4.24%
4+Bedroom €1,100,000 €3,300 3.60%
Sants-Montjuïc  
Studio €170,000 €963 6.80%
1-Bedroom €215,000 €1,350 7.53%
2-Bedroom €259,000 €1,500 6.95%
3-Bedroom €250,000 €1,695 8.14%
4+Bedroom €320,000 €2,200 8.25%
Horta Guinardó  
1-Bedroom €196,000 €1,050 6.43%
2-Bedroom €196,000 €1,350 8.27%
3-Bedroom €239,000 €1,345 6.75%
Gràcia  
Studio €210,000 €1,100 6.29%
1-Bedroom €275,000 €1,450 6.33%
2-Bedroom €307,000 €1,800 7.04%
3-Bedroom €430,000 €2,000 5.58%
4+Bedroom €500,000 €2,250 5.40%
Les Corts  
1-Bedroom €330,000 €1,475 5.36%
2-Bedroom €390,000 €1,838 5.66%
3-Bedroom €490,000 €2,200 5.39%
4+Bedroom €837,500 €2,700 3.87%
Barcelona avg. Rental Yields 6.43%
VALENCIA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
L´Eixample  
1-Bedroom €230,000 €1,450 7.57%
2-Bedroom €394,950 €1,550 4.71%
3-Bedroom €490,000 €1,550 3.80%
4+Bedroom €690,000 €2,200 3.83%
Ciutat Vella  
1-Bedroom €247,500 €1,350 6.55%
2-Bedroom €295,000 €1,700 6.92%
3-Bedroom €485,000 €1,900 4.70%
4+Bedroom €650,000 €2,500 4.62%
Extramurs  
1-Bedroom €233,500 €1,300 6.68%
2-Bedroom €275,000 €1,400 6.11%
3-Bedroom €280,000 €1,400 6.00%
4+Bedroom €360,000 €1,750 5.83%
Valencia avg. Rental Yields 5.61%
CÓRDOBA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Centro  
Studio €114,000 €460 4.84%
1-Bedroom €135,000 €550 4.89%
2-Bedroom €162,000 €650 4.81%
3-Bedroom €199,000 €850 5.13%
4+Bedroom €260,000 €1,030 4.75%
Córdoba (all locations)  
Studio €93,000 €500 6.45%
1-Bedroom €109,990 €550 6.00%
2-Bedroom €129,000 €650 6.05%
3-Bedroom €130,600 €700 6.43%
4+Bedroom €199,000 €875 5.28%
Córdoba avg. Rental Yields 6.04%
ALICANTE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Centro  
Studio €162,450 €700 5.17%
1-Bedroom €237,500 €950 4.80%
2-Bedroom €265,000 €1,200 5.43%
3-Bedroom €290,000 €1,250 5.17%
4+Bedroom €385,000 €1,650 5.14%
Alicante (all locations)  
Studio €145,000 €800 6.62%
1-Bedroom €149,500 €875 7.02%
2-Bedroom €179,000 €1,200 8.04%
3-Bedroom €195,000 €1,200 7.38%
4+Bedroom €280,000 €1,380 5.91%
Alicante avg. Rental Yields 7.00%
SEVILLE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Centro  
1-Bedroom €224,000 €750 4.02%
2-Bedroom €277,500 €910 3.94%
3-Bedroom €315,000 €1,200 4.57%
4+Bedroom €520,000 €1,450 3.35%
Nervión  
1-Bedroom €175,000 €800 5.49%
2-Bedroom €230,000 €1,200 6.26%
3-Bedroom €285,000 €1,200 5.05%
4+Bedroom €385,000 €1,300 4.05%
Macarena  
2-Bedroom €125,000 €745 7.15%
3-Bedroom €109,500 €750 8.22%
4+Bedroom €179,250 €1,000 6.69%
Triana  
1-Bedroom €190,000 €783 4.95%
2-Bedroom €235,000 €850 4.34%
3-Bedroom €237,000 €1,000 5.06%
Sevilla este  
1-Bedroom €141,000 €625 5.32%
2-Bedroom €154,900 €825 6.39%
3-Bedroom €168,000 €980 7.00%
Los Remedios  
Studio €155,000 €700 5.42%
1-Bedroom €220,000 €790 4.31%
2-Bedroom €260,000 €1,000 4.62%
3-Bedroom €320,000 €1,100 4.13%
4+Bedroom €530,000 €2,550 5.77%
Seville avg. Rental Yields 5.28%
PALMA DE MALLORCA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Palma de Mallorca (all locations)  
Studio €215,500 €1,125 6.26%
1-Bedroom €310,000 €1,500 5.81%
2-Bedroom €395,000 €1,550 4.71%
3-Bedroom €380,000 €1,900 6.00%
4+Bedroom €504,000 €2,500 5.95%
Palma de Mallorca avg. Rental Yields 5.75%
MURCIA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Murcia (all locations)  
1-Bedroom €84,900 €600 8.48%
2-Bedroom €104,900 €700 8.01%
3-Bedroom €116,000 €800 8.28%
4+Bedroom €280,000 €1,100 4.71%
Murcia avg. Rental Yields 7.37%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide and Idealista

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Spain. We used the Idealista website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).