Rental Prices in Jaén 2023

Rental price statistics in the province of Jaén - ANDALUCÍA

Ranking

#51 of 50 provinces

Variation 2023

+3.1%

Median rent (Collective housing)

4.33€/m²

Median amount/month

390.00€

Collective housing

2023

Median rent

4.33€/m²

Median amount

390.00€

Median area

96 m²

Contracts

11,201

25th percentile3.25€/m²
75th percentile5.77€/m²

Single-family housing

2023

Median rent

2.78€/m²

Median amount

330.00€

Median area

159.5 m²

Contracts

1,570

25th percentile1.82€/m²
75th percentile3.93€/m²

Historical rent evolution

Price evolution

Year€/m²€/monthContractsVariation
20113.77350.005,578-
20123.71340.405,742-1.6%
20133.59329.255,800-3.2%
20143.56325.836,221-0.8%
20153.54320.006,905-0.6%
20163.60325.007,358+1.7%
20173.66330.007,958+1.7%
20183.71338.598,510+1.4%
20193.95350.009,124+6.5%
20203.99350.799,582+1%
20214.07360.009,969+2%
20224.20375.0010,499+3.2%
20234.33390.0011,201+3.1%

The rental housing market in the province of Jaén, located in the autonomous community of Andalucía, presents a unique landscape for both current and prospective tenants. As of 2023, the average rent in Jaén stands at an appealing 2.8 euros per square meter, translating to an average monthly rent of approximately 330 euros. This competitive pricing positions Jaén as an attractive option for renters seeking affordability, especially when compared to the national averages. In terms of rental contracts, Jaén has registered around 1,570 contracts this year, indicating a steady demand for rental properties despite the fluctuations seen in other regions of Spain. This number reflects a community that values rental opportunities, which is particularly important in a time when many individuals and families are navigating economic uncertainties. The province ranks 99th out of 52 provinces in terms of rental prices, highlighting its affordability compared to more urbanized and densely populated areas like Madrid or Barcelona, where rental prices soar well above the national average. Understanding the implications of these statistics, tenants can appreciate the relatively low cost of living in Jaén. For many, this means that their housing costs will consume a smaller portion of their monthly income compared to renters in more expensive regions. This affordability factor can enhance quality of life, allowing residents to allocate funds toward other essential expenses or leisure activities. When positioned against the backdrop of the broader Andalucía region, Jaén's rental prices remain competitive. Regions such as Málaga and Sevilla tend to experience much higher rental rates, contributing to a significant migration of individuals seeking more budget-friendly living options. As a result, Jaén is becoming increasingly attractive not only for local residents but also for those looking to relocate to a more tranquil and affordable environment. While the average rent reflects a positive trend for tenants, it is essential to consider the overall rental market dynamics. The demand for rental properties in Jaén suggests a stable market, which can lead to potential housing shortages if the trend continues. Additionally, as urbanization patterns shift, there may be an increased interest in Jaén from individuals looking to escape the hustle of larger cities, further influencing supply and demand. Overall, the rental housing market in Jaén showcases a blend of affordability and stability, making it a noteworthy consideration for individuals and families looking to rent. As trends evolve, it will be crucial for both landlords and tenants to stay informed about market developments, ensuring that they can navigate the rental landscape effectively.

Source: State System of Housing Rental Price Reference (SERPAVI)