Gross rental yields in Spain: Madrid, Barcelona and 8 other cities
The average gross rental yield in Spain stands at 5.93% (2024, Q3). Previously, in Q1, 2024 the average gross rental yield stood at 6.17%.
- Madrid
- Barcelona
- Valencia
- Cordoba
- Seville
- Alicante
- Palma de Mallorca
- Murcia
- Malaga
- Marbella
| Last Updated: Sep 09, 2024 | |||
| MADRID - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| Studio | €240,000 | €1,300 | 6.50% |
| 1-Bedroom | €289,836 | €1,500 | 6.21% |
| 2-Bedroom | €724,000 | €2,300 | 3.81% |
| 3-Bedroom | €859,000 | €3,000 | 4.19% |
| 4+Bedroom | €1,299,000 | €3,600 | 3.33% |
| Barrio de Salamanca | |||
| Studio | €335,500 | €1,250 | 4.47% |
| 1-Bedroom | €415,000 | €1,900 | 5.49% |
| 2-Bedroom | €879,000 | €2,600 | 3.55% |
| 3-Bedroom | €1,450,000 | €3,900 | 3.23% |
| 4+Bedroom | €2,550,000 | €5,000 | 2.35% |
| Carabanchel | |||
| 1-Bedroom | €159,500 | €950 | 7.15% |
| 2-Bedroom | €195,000 | €1,150 | 7.08% |
| 3-Bedroom | €215,000 | €1,210 | 6.75% |
| Chamberi | |||
| Studio | €265,000 | €1,200 | 5.43% |
| 1-Bedroom | €315,000 | €1,700 | 6.48% |
| 2-Bedroom | €779,000 | €2,350 | 3.62% |
| 3-Bedroom | €1,200,000 | €3,000 | 3.00% |
| Ciudad Lineal | |||
| 1-Bedroom | €278,000 | €1,300 | 5.61% |
| 2-Bedroom | €305,000 | €1,400 | 5.51% |
| 3-Bedroom | €320,000 | €1,500 | 5.63% |
| Tetuán | |||
| Studio | €227,000 | €1,200 | 6.34% |
| 1-Bedroom | €270,000 | €1,350 | 6.00% |
| 2-Bedroom | €300,000 | €1,725 | 6.90% |
| 3-Bedroom | €560,000 | €2,175 | 4.66% |
| 4+Bedroom | €885,000 | €3,200 | 4.34% |
| Chamartin | |||
| 1-Bedroom | €397,500 | €1,500 | 4.53% |
| 2-Bedroom | €570,000 | €2,100 | 4.42% |
| 3-Bedroom | €779,000 | €2,500 | 3.85% |
| 4+Bedroom | €1,780,000 | €4,500 | 3.03% |
| Madrid (all locations) | |||
| Studio | €215,000 | €1,150 | 6.42% |
| 1-Bedroom | €264,000 | €1,400 | 6.36% |
| 2-Bedroom | €400,000 | €1,845 | 5.54% |
| 3-Bedroom | €503,500 | €2,250 | 5.36% |
| 4+Bedroom | €1,150,000 | €3,600 | 3.76% |
| Madrid avg. Rental Yields | 5.49% | ||
| BARCELONA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Eixample | |||
| 1-Bedroom | €357,500 | €2,300 | 7.72% |
| 2-Bedroom | €585,000 | €2,700 | 5.54% |
| 3-Bedroom | €650,000 | €2,900 | 5.35% |
| 4+Bedroom | €750,000 | €3,850 | 6.16% |
| Ciuatat Vella | |||
| Studio | €190,000 | €1,300 | 8.21% |
| 1-Bedroom | €220,000 | €1,500 | 8.18% |
| 2-Bedroom | €365,000 | €2,000 | 6.58% |
| 3-Bedroom | €417,000 | €2,500 | 7.19% |
| 4+Bedroom | €620,000 | €2,850 | 5.52% |
| Sant Martí | |||
| 1-Bedroom | €305,000 | €2,100 | 8.26% |
| 2-Bedroom | €285,000 | €2,450 | 10.32% |
| 3-Bedroom | €340,500 | €2,500 | 8.81% |
| 4+Bedroom | €395,000 | €3,000 | 9.11% |
| Sarrià-Sant Gervasi | |||
| 1-Bedroom | €420,000 | €1,900 | 5.43% |
| 2-Bedroom | €590,000 | €2,500 | 5.08% |
| 3-Bedroom | €730,000 | €2,920 | 4.80% |
| 4+Bedroom | €1,190,000 | €5,000 | 5.04% |
| Sants-Montjuïc | |||
| 1-Bedroom | €210,000 | €1,450 | 8.29% |
| 2-Bedroom | €258,500 | €1,700 | 7.89% |
| 3-Bedroom | €289,000 | €1,850 | 7.68% |
| 4+Bedroom | €350,000 | €2,500 | 8.57% |
| Horta Guinardó | |||
| 2-Bedroom | €229,500 | €1,500 | 7.84% |
| 3-Bedroom | €226,500 | €1,600 | 8.48% |
| Gràcia | |||
| 1-Bedroom | €300,000 | €1,800 | 7.20% |
| 2-Bedroom | €405,000 | €2,400 | 7.11% |
| 3-Bedroom | €462,500 | €2,550 | 6.62% |
| Les Corts | |||
| 2-Bedroom | €405,000 | €2,500 | 7.41% |
| 3-Bedroom | €550,000 | €2,600 | 5.67% |
| 4+Bedroom | €1,195,000 | €3,725 | 3.74% |
| Barcelona (all locations) | |||
| Studio | €185,000 | €1,400 | 9.08% |
| 1-Bedroom | €239,000 | €1,650 | 8.28% |
| 2-Bedroom | €335,000 | €2,300 | 8.24% |
| 3-Bedroom | €375,000 | €2,600 | 8.32% |
| 4+Bedroom | €750,000 | €3,700 | 5.92% |
| Barcelona avg. Rental Yields | 5.49% | ||
| VALENCIA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| L'Eixample | |||
| 2-Bedroom | €440,000 | €1,700 | 4.64% |
| 3-Bedroom | €560,000 | €2,000 | 4.29% |
| 4+Bedroom | €795,000 | €2,300 | 3.47% |
| Ciutat Vella | |||
| 1-Bedroom | €255,000 | €1,300 | 6.12% |
| 2-Bedroom | €358,000 | €1,600 | 5.36% |
| 3-Bedroom | €600,000 | €1,900 | 3.80% |
| 4+Bedroom | €650,000 | €2,500 | 4.62% |
| Extramurs | |||
| 2-Bedroom | €280,000 | €1,350 | 5.79% |
| 3-Bedroom | €390,000 | €1,575 | 4.85% |
| 4+Bedroom | €450,000 | €1,800 | 4.80% |
| Valencia (all locations) | |||
| Studio | €177,500 | €1,200 | 8.11% |
| 1-Bedroom | €190,000 | €1,200 | 7.58% |
| 2-Bedroom | €240,000 | €1,400 | 7.00% |
| 3-Bedroom | €270,000 | €1,400 | 6.22% |
| 4+Bedroom | €450,000 | €1,650 | 4.40% |
| Valencia avg. Rental Yields | 6.66% | ||
| CÓRDOBA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €145,000 | €595 | 4.92% |
| 2-Bedroom | €167,000 | €750 | 5.39% |
| 3-Bedroom | €175,000 | €800 | 5.49% |
| Córdoba (all locations) | |||
| 1-Bedroom | €124,500 | €595 | 5.73% |
| 2-Bedroom | €130,000 | €750 | 6.92% |
| 3-Bedroom | €144,900 | €780 | 6.46% |
| 4+Bedroom | €240,000 | €880 | 4.40% |
| Córdoba avg. Rental Yields | 5.88% | ||
| ALICANTE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €220,000 | €1,075 | 5.86% |
| 2-Bedroom | €280,000 | €1,200 | 5.14% |
| 3-Bedroom | €335,500 | €1,400 | 5.01% |
| 4+Bedroom | €420,000 | €1,600 | 4.57% |
| Alicante (all locations) | |||
| Studio | €161,950 | €825 | 6.11% |
| 1-Bedroom | €185,000 | €900 | 5.84% |
| 2-Bedroom | €220,000 | €1,200 | 6.55% |
| 3-Bedroom | €228,000 | €1,250 | 6.58% |
| 4+Bedroom | €335,000 | €1,500 | 5.37% |
| Alicante avg. Rental Yields | 6.09% | ||
| SEVILLE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €235,000 | €850 | 4.34% |
| 2-Bedroom | €299,000 | €1,150 | 4.62% |
| 3-Bedroom | €350,000 | €1,280 | 4.39% |
| 4+Bedroom | €460,000 | €1,600 | 4.17% |
| Nervión | |||
| 2-Bedroom | €268,000 | €1,100 | 4.93% |
| 3-Bedroom | €325,000 | €1,100 | 4.06% |
| 4+Bedroom | €442,000 | €1,300 | 3.53% |
| Seville (all locations) | |||
| Studio | €150,000 | €710 | 5.68% |
| 1-Bedroom | €180,000 | €850 | 5.67% |
| 2-Bedroom | €198,000 | €950 | 5.76% |
| 3-Bedroom | €320,000 | €990 | 3.71% |
| 4+Bedroom | €435,000 | €1,400 | 3.86% |
| Seville avg. Rental Yields | 4.94% | ||
| PALMA DE MALLORCA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Palma de Mallorca (all locations) | |||
| 1-Bedroom | €329,000 | €1,400 | 5.11% |
| 2-Bedroom | €440,000 | €1,800 | 4.91% |
| 3-Bedroom | €442,500 | €2,000 | 5.42% |
| 4+Bedroom | €664,900 | €2,875 | 5.19% |
| Palma de Mallorca avg. Rental Yields | 5.16% | ||
| MURCIA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 2-Bedroom | €145,000 | €790 | 6.54% |
| 3-Bedroom | €180,000 | €850 | 5.67% |
| 4+Bedroom | €365,000 | €1,100 | 3.62% |
| Murcia (all locations) | |||
| Studio | €87,000 | €550 | 7.59% |
| 1-Bedroom | €97,950 | €675 | 8.27% |
| 2-Bedroom | €118,000 | €750 | 7.63% |
| 3-Bedroom | €130,000 | €825 | 7.62% |
| 4+Bedroom | €275,000 | €1,028 | 4.49% |
| Murcia avg. Rental Yields | 7.12% | ||
| MALAGA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €260,000 | €1,175 | 5.42% |
| 2-Bedroom | €355,000 | €1,300 | 4.39% |
| 3-Bedroom | €410,000 | €1,500 | 4.39% |
| 4+Bedroom | €550,000 | €1,960 | 4.28% |
| Malaga (all locations) | |||
| 1-Bedroom | €224,203 | €1,150 | 6.16% |
| 2-Bedroom | €313,000 | €1,325 | 5.08% |
| 3-Bedroom | €311,000 | €1,400 | 5.40% |
| 4+Bedroom | €540,900 | €1,680 | 3.73% |
| Malaga avg. Rental Yields | 5.09% | ||
| MARBELLA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €392,500 | €1,400 | 4.28% |
| 2-Bedroom | €520,000 | €1,700 | 3.92% |
| 3-Bedroom | €530,000 | €2,500 | 5.66% |
| Marbella (all locations) | |||
| Studio | €249,000 | €1,200 | 5.78% |
| 1-Bedroom | €310,000 | €1,500 | 5.81% |
| 2-Bedroom | €495,000 | €2,000 | 4.85% |
| 3-Bedroom | €770,000 | €3,000 | 4.68% |
| 4+Bedroom | €1,577,500 | €4,700 | 3.58% |
| Marbella avg. Rental Yields | 4.94% | ||
| 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 |
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Spain's Historic Rental Yield Data
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).