Gross rental yields in Spain: Barcelona and 7 other cities

The average gross rental yield in Spain stands at 6.17% (2024, Q1). Previously, in Q3, 2023 the average gross rental yield stood at 6.09%.

  • Madrid
  • Barcelona
  • Valencia
  • Cordoba
  • Seville
  • Alicante
  • Palma de Mallorca
  • Murcia
  Last Updated: Feb 08, 2024
MADRID - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Centro  
Studio €185,000 €1,100 7.14%
1-Bedroom €275,000 €1,500 6.55%
2-Bedroom €689,000 €2,300 4.01%
3-Bedroom €890,000 €3,000 4.04%
4+Bedroom €1,000,000 €3,800 4.56%
Barrio de Salamanca  
1-Bedroom €380,000 €1,875 5.92%
2-Bedroom €719,000 €2,600 4.34%
3-Bedroom €1,339,000 €4,010 3.59%
4+Bedroom €1,990,000 €5,900 3.56%
Carabanchel  
1-Bedroom €169,000 €875 6.21%
2-Bedroom €170,000 €1,100 7.76%
3-Bedroom €190,000 €1,200 7.58%
Chamberi  
Studio €249,000 €1,250 6.02%
1-Bedroom €325,000 €1,600 5.91%
2-Bedroom €599,000 €2,300 4.61%
3-Bedroom €910,000 €2,600 3.43%
4+Bedroom €1,290,000 €3,500 3.26%
Ciudad Lineal  
1-Bedroom €199,000 €1,100 6.63%
2-Bedroom €240,000 €1,300 6.50%
3-Bedroom €285,000 €1,600 6.74%
Tetuán  
Studio €230,000 €975 5.09%
1-Bedroom €229,000 €1,430 7.49%
2-Bedroom €345,000 €1,750 6.09%
3-Bedroom €655,000 €2,295 4.20%
4+Bedroom €790,000 €3,525 5.35%
Chamartin  
1-Bedroom €360,000 €1,300 4.33%
2-Bedroom €580,000 €1,980 4.10%
3-Bedroom €695,000 €2,800 4.83%
4+Bedroom €1,450,000 €4,500 3.72%
Madrid avg. Rental Yields 5.30%
BARCELONA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Eixample  
1-Bedroom €365,000 €1,900 6.25%
2-Bedroom €525,000 €2,495 5.70%
3-Bedroom €595,000 €2,500 5.04%
4+Bedroom €610,000 €2,995 5.89%
Ciuatat Vella  
Studio €198,000 €1,200 7.27%
1-Bedroom €220,000 €1,450 7.91%
2-Bedroom €350,000 €1,900 6.51%
3-Bedroom €375,000 €2,200 7.04%
4+Bedroom €549,000 €3,000 6.56%
Sant Martí  
1-Bedroom €295,000 €1,600 6.51%
3-Bedroom €315,000 €2,300 8.76%
4+Bedroom €377,000 €2,654 8.45%
Sarrià-Sant Gervasi  
1-Bedroom €470,000 €1,500 3.83%
2-Bedroom €480,000 €2,080 5.20%
3-Bedroom €639,000 €2,600 4.88%
4+Bedroom €1,090,000 €3,800 4.18%
Sants-Montjuïc  
1-Bedroom €205,000 €1,300 7.61%
2-Bedroom €260,000 €1,500 6.92%
3-Bedroom €270,000 €1,595 7.09%
4+Bedroom €375,000 €2,000 6.40%
Horta Guinardó  
2-Bedroom €245,000 €1,375 6.73%
3-Bedroom €220,000 €1,500 8.18%
Gràcia  
1-Bedroom €278,000 €1,495 6.45%
2-Bedroom €359,000 €1,900 6.35%
3-Bedroom €435,000 €1,900 5.24%
4+Bedroom €462,000 €2,330 6.05%
Les Corts  
2-Bedroom €460,000 €2,160 5.63%
3-Bedroom €530,000 €2,200 4.98%
4+Bedroom €890,000 €3,000 4.04%
Barcelona avg. Rental Yields 6.27%
VALENCIA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
L´Eixample  
2-Bedroom €365,500 €1,500 4.92%
3-Bedroom €490,000 €1,950 4.78%
4+Bedroom €770,000 €2,400 3.74%
Ciutat Vella  
1-Bedroom €270,000 €1,450 6.44%
2-Bedroom €350,000 €1,750 6.00%
3-Bedroom €480,000 €1,900 4.75%
4+Bedroom €650,000 €2,200 4.06%
Extramurs  
2-Bedroom €239,000 €1,550 7.78%
3-Bedroom €380,000 €1,350 4.26%
4+Bedroom €399,000 €1,800 5.41%
Valencia (all locations)  
Studio €185,000 €1,100 7.14%
1-Bedroom €178,000 €1,250 8.43%
2-Bedroom €220,000 €1,400 7.64%
3-Bedroom €230,000 €1,450 7.57%
4+Bedroom €400,000 €1,700 5.10%
Valencia avg. Rental Yields 7.17%
CÓRDOBA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Centro  
1-Bedroom €135,000 €600 5.33%
2-Bedroom €154,000 €745 5.81%
3-Bedroom €205,000 €850 4.98%
Córdoba (all locations)  
1-Bedroom €110,000 €575 6.27%
2-Bedroom €133,500 €750 6.74%
3-Bedroom €138,000 €800 6.96%
4+Bedroom €205,000 €950 5.56%
Córdoba avg. Rental Yields 6.38%
ALICANTE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Centro  
1-Bedroom €190,000 €900 5.68%
2-Bedroom €269,000 €1,200 5.35%
3-Bedroom €295,000 €1,250 5.08%
4+Bedroom €413,000 €1,500 4.36%
Alicante (all locations)  
Studio €130,000 €800 7.38%
1-Bedroom €159,100 €860 6.49%
2-Bedroom €210,000 €1,100 6.29%
3-Bedroom €210,000 €1,200 6.86%
4+Bedroom €315,000 €1,300 4.95%
Alicante avg. Rental Yields 6.39%
SEVILLE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Centro  
1-Bedroom €225,000 €850 4.53%
2-Bedroom €289,000 €1,100 4.57%
3-Bedroom €330,000 €1,300 4.73%
4+Bedroom €599,000 €1,800 3.61%
Nervión  
2-Bedroom €265,000 €1,230 5.57%
3-Bedroom €310,000 €1,200 4.65%
4+Bedroom €440,000 €1,800 4.91%
Triana  
2-Bedroom €285,000 €1,000 4.21%
3-Bedroom €280,000 €1,100 4.71%
Seville (all locations)  
Studio €140,000 €700 6.00%
1-Bedroom €183,000 €800 5.25%
2-Bedroom €184,000 €1,000 6.52%
3-Bedroom €198,000 €1,000 6.06%
4+Bedroom €400,000 €1,500 4.50%
Seville avg. Rental Yields 5.67%
PALMA DE MALLORCA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Palma de Mallorca (all locations)  
1-Bedroom €320,000 €1,200 4.50%
2-Bedroom €390,000 €1,650 5.08%
3-Bedroom €395,000 €1,900 5.77%
4+Bedroom €575,000 €2,500 5.22%
Palma de Mallorca avg. Rental Yields 5.14%
MURCIA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Murcia (all locations)  
Studio €97,000 €600 7.42%
1-Bedroom €89,500 €650 8.72%
2-Bedroom €115,000 €700 7.30%
3-Bedroom €125,000 €800 7.68%
4+Bedroom €284,900 €1,000 4.21%
Murcia avg. Rental Yields 7.07%
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).