Gross rental yields in Spain: Madrid, Barcelona and 9 other cities
The average gross rental yield in Spain stands at 5.45% (Q1, 2026). Previously, in Q3 2025, the rental yield was 5.43%.
Cities and areas compared
- Madrid
- Barcelona
- Valencia
- Cordoba
- Seville
- Alicante
- Palma de Mallorca
- Murcia
- Malaga
- Marbella
- Tenerife
Historical rental yields in Spain
| MADRID - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| Studio | €235,000 | €1,150 | 5.87% |
| 1-Bedroom | €339,000 | €1,500 | 5.31% |
| 2-Bedroom | €720,000 | €2,300 | 3.83% |
| 3-Bedroom | €998,500 | €3,300 | 3.97% |
| 4+Bedroom | €1,324,500 | €4,680 | 4.24% |
| Barrio de Salamanca | |||
| 1-Bedroom | €589,000 | €1,800 | 3.67% |
| 2-Bedroom | €942,000 | €2,700 | 3.44% |
| 3-Bedroom | €1,800,000 | €4,000 | 2.67% |
| 4+Bedroom | €3,195,000 | €6,900 | 2.59% |
| Carabanchel | |||
| 1-Bedroom | €250,000 | €1,100 | 5.28% |
| 2-Bedroom | €247,500 | €1,300 | 6.30% |
| 3-Bedroom | €269,000 | €1,370 | 6.11% |
| Chamberi | |||
| 1-Bedroom | €497,500 | €1,600 | 3.86% |
| 2-Bedroom | €790,000 | €2,400 | 3.65% |
| 3-Bedroom | €1,287,000 | €3,500 | 3.26% |
| Ciudad Lineal | |||
| 1-Bedroom | €334,900 | €1,300 | 4.66% |
| 2-Bedroom | €360,000 | €1,550 | 5.17% |
| 3-Bedroom | €400,000 | €1,830 | 5.49% |
| Tetuán | |||
| Studio | €275,000 | €1,180 | 5.15% |
| 1-Bedroom | €325,000 | €1,450 | 5.35% |
| 2-Bedroom | €422,500 | €1,800 | 5.11% |
| 3-Bedroom | €612,500 | €2,050 | 4.02% |
| 4+Bedroom | €1,156,200 | €3,950 | 4.10% |
| Chamartin | |||
| 1-Bedroom | €550,000 | €1,500 | 3.27% |
| 2-Bedroom | €739,500 | €2,050 | 3.33% |
| 3-Bedroom | €945,000 | €2,780 | 3.53% |
| 4+Bedroom | €1,850,000 | €4,340 | 2.82% |
| Madrid (all locations) | |||
| Studio | €250,000 | €1,150 | 5.52% |
| 1-Bedroom | €330,000 | €1,450 | 5.27% |
| 2-Bedroom | €437,000 | €2,000 | 5.49% |
| 3-Bedroom | €604,000 | €2,600 | 5.17% |
| 4+Bedroom | €1,325,000 | €4,120 | 3.73% |
| Madrid avg. Rental Yields | 5.04% | ||
| BARCELONA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Eixample | |||
| 1-Bedroom | €340,000 | €2,200 | 7.76% |
| 2-Bedroom | €560,000 | €2,650 | 5.68% |
| 3-Bedroom | €719,000 | €3,000 | 5.01% |
| 4+Bedroom | €845,000 | €4,830 | 6.86% |
| Ciuatat Vella | |||
| Studio | €182,000 | €1,100 | 7.25% |
| 1-Bedroom | €230,000 | €1,390 | 7.25% |
| 2-Bedroom | €349,500 | €1,950 | 6.70% |
| 3-Bedroom | €450,000 | €2,300 | 6.13% |
| Sant Martí | |||
| 1-Bedroom | €315,000 | €1,900 | 7.24% |
| 2-Bedroom | €376,000 | €2,310 | 7.37% |
| 3-Bedroom | €430,000 | €2,300 | 6.42% |
| 4+Bedroom | €515,000 | €3,060 | 7.13% |
| Sarrià-Sant Gervasi | |||
| 1-Bedroom | €397,500 | €1,660 | 5.01% |
| 2-Bedroom | €717,000 | €2,280 | 3.82% |
| 3-Bedroom | €820,000 | €3,070 | 4.49% |
| 4+Bedroom | €1,560,000 | €4,500 | 3.46% |
| Sants-Montjuïc | |||
| 1-Bedroom | €219,000 | €1,390 | 7.62% |
| 2-Bedroom | €335,000 | €1,500 | 5.37% |
| 3-Bedroom | €352,000 | €1,780 | 6.07% |
| 4+Bedroom | €430,000 | €2,390 | 6.67% |
| Horta Guinardó | |||
| 2-Bedroom | €247,000 | €1,580 | 7.68% |
| 3-Bedroom | €302,500 | €2,100 | 8.33% |
| Gràcia | |||
| 1-Bedroom | €379,500 | €1,500 | 4.74% |
| 2-Bedroom | €430,000 | €2,250 | 6.28% |
| 3-Bedroom | €525,000 | €2,590 | 5.92% |
| Les Corts | |||
| 2-Bedroom | €559,000 | €1,970 | 4.23% |
| 3-Bedroom | €585,000 | €2,380 | 4.88% |
| 4+Bedroom | €1,350,000 | €4,500 | 4.00% |
| Barcelona (all locations) | |||
| Studio | €185,000 | €1,200 | 7.78% |
| 1-Bedroom | €240,000 | €1,590 | 7.95% |
| 2-Bedroom | €380,000 | €2,300 | 7.26% |
| 3-Bedroom | €453,000 | €2,740 | 7.26% |
| 4+Bedroom | €729,000 | €4,100 | 6.75% |
| Barcelona avg. Rental Yields | 7.40% | ||
| VALENCIA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| L'Eixample | |||
| 2-Bedroom | €490,000 | €1,720 | 4.21% |
| 3-Bedroom | €575,000 | €2,000 | 4.17% |
| 4+Bedroom | €897,500 | €2,000 | 2.67% |
| Ciutat Vella | |||
| 1-Bedroom | €295,000 | €1,380 | 5.61% |
| 2-Bedroom | €399,000 | €1,600 | 4.81% |
| 3-Bedroom | €695,000 | €2,000 | 3.45% |
| 4+Bedroom | €950,000 | €2,000 | 2.53% |
| Extramurs | |||
| 2-Bedroom | €335,000 | €1,500 | 5.37% |
| 3-Bedroom | €415,000 | €1,600 | 4.63% |
| 4+Bedroom | €479,500 | €1,900 | 4.75% |
| Valencia (all locations) | |||
| Studio | €210,000 | €1,150 | 6.57% |
| 1-Bedroom | €238,500 | €1,250 | 6.29% |
| 2-Bedroom | €295,000 | €1,490 | 6.06% |
| 3-Bedroom | €309,000 | €1,500 | 5.83% |
| 4+Bedroom | €414,700 | €1,800 | 5.21% |
| Valencia avg. Rental Yields | 5.99% | ||
| CÓRDOBA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €149,000 | €670 | 5.40% |
| 2-Bedroom | €189,000 | €800 | 5.08% |
| 3-Bedroom | €200,000 | €850 | 5.10% |
| Córdoba (all locations) | |||
| 1-Bedroom | €134,900 | €650 | 5.78% |
| 2-Bedroom | €160,000 | €750 | 5.63% |
| 3-Bedroom | €179,900 | €800 | 5.34% |
| 4+Bedroom | €289,000 | €1,000 | 4.15% |
| Córdoba avg. Rental Yields | 5.22% | ||
| ALICANTE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €269,500 | €1,000 | 4.45% |
| 2-Bedroom | €339,000 | €1,200 | 4.25% |
| 3-Bedroom | €395,000 | €1,300 | 3.95% |
| 4+Bedroom | €530,000 | €1,600 | 3.62% |
| Alicante (all locations) | |||
| Studio | €179,000 | €880 | 5.90% |
| 1-Bedroom | €188,000 | €1,000 | 6.38% |
| 2-Bedroom | €249,000 | €1,200 | 5.78% |
| 3-Bedroom | €230,000 | €1,300 | 6.78% |
| 4+Bedroom | €365,000 | €1,500 | 4.93% |
| Alicante avg. Rental Yields | 5.96% | ||
| SEVILLE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €265,000 | €950 | 4.30% |
| 2-Bedroom | €350,000 | €1,200 | 4.11% |
| 3-Bedroom | €415,000 | €1,300 | 3.76% |
| 4+Bedroom | €740,000 | €1,600 | 2.59% |
| Nervión | |||
| 2-Bedroom | €324,300 | €1,100 | 4.07% |
| 3-Bedroom | €397,500 | €1,200 | 3.62% |
| 4+Bedroom | €499,000 | €1,700 | 4.09% |
| Seville (all locations) | |||
| Studio | €185,000 | €810 | 5.25% |
| 1-Bedroom | €218,500 | €900 | 4.94% |
| 2-Bedroom | €218,000 | €1,100 | 6.06% |
| 3-Bedroom | €240,000 | €1,150 | 5.75% |
| 4+Bedroom | €450,000 | €1,500 | 4.00% |
| Seville avg. Rental Yields | 5.20% | ||
| PALMA DE MALLORCA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Palma de Mallorca (all locations) | |||
| 1-Bedroom | €390,000 | €1,490 | 4.58% |
| 2-Bedroom | €579,500 | €1,900 | 3.93% |
| 3-Bedroom | €540,000 | €2,230 | 4.96% |
| 4+Bedroom | €690,000 | €2,400 | 4.17% |
| Palma de Mallorca avg. Rental Yields | 4.41% | ||
| MURCIA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 2-Bedroom | €136,000 | €850 | 7.50% |
| 3-Bedroom | €160,000 | €1,100 | 8.25% |
| 4+Bedroom | €421,300 | €1,200 | 3.42% |
| Murcia (all locations) | |||
| Studio | €107,100 | €600 | 6.72% |
| 1-Bedroom | €121,500 | €700 | 6.91% |
| 2-Bedroom | €159,000 | €800 | 6.04% |
| 3-Bedroom | €162,000 | €900 | 6.67% |
| 4+Bedroom | €315,000 | €1,150 | 4.38% |
| Murcia avg. Rental Yields | 6.14% | ||
| MALAGA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €275,000 | €1,150 | 5.02% |
| 2-Bedroom | €399,000 | €1,400 | 4.21% |
| 3-Bedroom | €399,000 | €1,500 | 4.51% |
| 4+Bedroom | €651,500 | €1,900 | 3.50% |
| Malaga (all locations) | |||
| 1-Bedroom | €245,000 | €1,100 | 5.39% |
| 2-Bedroom | €348,000 | €1,400 | 4.83% |
| 3-Bedroom | €350,000 | €1,500 | 5.14% |
| 4+Bedroom | €599,000 | €1,910 | 3.83% |
| Malaga avg. Rental Yields | 4.80% | ||
| MARBELLA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €395,000 | €1,400 | 4.25% |
| 2-Bedroom | €504,500 | €2,250 | 5.35% |
| 3-Bedroom | €595,000 | €2,900 | 5.85% |
| Marbella (all locations) | |||
| Studio | €299,000 | €1,200 | 4.82% |
| 1-Bedroom | €379,000 | €1,600 | 5.07% |
| 2-Bedroom | €565,000 | €2,200 | 4.67% |
| 3-Bedroom | €799,000 | €3,130 | 4.70% |
| 4+Bedroom | €1,749,000 | €6,000 | 4.12% |
| Marbella avg. Rental Yields | 4.67% | ||
| TENERIFE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Tenerife (all locations) | |||
| Studio | €189,000 | €900 | 5.71% |
| 1-Bedroom | €260,000 | €1,100 | 5.08% |
| 2-Bedroom | €320,000 | €1,250 | 4.69% |
| 3-Bedroom | €310,000 | €1,300 | 5.03% |
| 4+Bedroom | €377,500 | €1,580 | 5.02% |
| Tenerife avg. Rental Yields | 5.11% | ||
| 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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View the full rental yield dataset (2023 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Spain, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is €500 and the median purchase price is €100,000, the yield is calculated as:
(€500 × 12) ÷ €100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
