Rental Prices in Albacete 2023
Rental price statistics in the province of Albacete - CASTILLA - LA MANCHA
Ranking
#39 of 50 provinces
Variation 2023
+4.9%
Median rent (Collective housing)
5.13€/m²
Median amount/month
456.00€
Collective housing
2023
Median rent
5.13€/m²
Median amount
456.00€
Median area
95 m²
Contracts
12,697
Single-family housing
2023
Median rent
2.86€/m²
Median amount
340.00€
Median area
188 m²
Contracts
1,840
Historical rent evolution
Price evolution
| Year | €/m² | €/month | Contracts | Variation |
|---|---|---|---|---|
| 2011 | 4.42 | 400.00 | 6,895 | - |
| 2012 | 4.30 | 398.81 | 6,924 | -2.7% |
| 2013 | 4.11 | 374.59 | 7,076 | -4.4% |
| 2014 | 4.03 | 359.89 | 7,498 | -1.9% |
| 2015 | 3.97 | 351.35 | 8,067 | -1.5% |
| 2016 | 4.05 | 365.00 | 8,643 | +2% |
| 2017 | 4.11 | 370.00 | 9,390 | +1.5% |
| 2018 | 4.21 | 380.71 | 10,126 | +2.4% |
| 2019 | 4.47 | 400.00 | 10,728 | +6.2% |
| 2020 | 4.55 | 400.31 | 11,286 | +1.8% |
| 2021 | 4.70 | 425.00 | 11,750 | +3.3% |
| 2022 | 4.89 | 450.00 | 12,162 | +4% |
| 2023 | 5.13 | 456.00 | 12,697 | +4.9% |
The rental housing market in Albacete, located in the autonomous community of Castilla-La Mancha, presents a unique profile within the broader Spanish real estate landscape. As of 2023, the average rent in Albacete stands at 2.9 euros per square meter, translating to an average monthly rent of approximately 340 euros. These figures position Albacete at rank 96 among Spain's 52 provinces in terms of rental prices, indicating a relatively affordable market compared to many urban centers across the country. For tenants in Albacete, the current average monthly rent of 340 euros is significantly lower than in major cities like Madrid and Barcelona, where rental prices can easily exceed 15 euros per square meter. This affordability is particularly attractive to young professionals, families, and students, who may be seeking a balance between quality of life and budget constraints. In addition, the presence of 1,840 registered rental contracts highlights a stable demand for rental properties, suggesting that Albacete continues to be viewed as an appealing location for both permanent residents and those seeking temporary accommodation. When comparing Albacete's rental market to the regional context of Castilla-La Mancha, it is essential to note that the province's rental prices are competitive. The average rent in the broader Castilla-La Mancha region is often lower than the national average, which hovers around 11 euros per square meter. This trend indicates that Albacete may serve as an ideal alternative for those looking to escape the high costs associated with larger metropolitan areas while still enjoying access to essential amenities and services. Furthermore, Albacete's rental market benefits from a diverse range of housing options, from urban apartments in the city center to more spacious homes in suburban areas. This variety meets the needs of different demographics, from students attending the University of Albacete to families seeking larger living spaces. As the province continues to develop economically and culturally, the demand for rental properties may further increase, potentially impacting future rental prices. In conclusion, the rental housing market in Albacete offers a compelling proposition for tenants, characterized by affordability and stability. With an average rent of 2.9 euros per square meter and an average monthly rent of 340 euros, the province remains an attractive option for those looking to rent in Spain. The healthy number of registered contracts indicates ongoing interest in the area, suggesting potential growth in the rental sector. As the province evolves, it will be interesting to observe how these dynamics play out and whether Albacete will maintain its position as a cost-effective rental destination in the years to come.