Rental Prices in Rioja (La) 2023
Rental price statistics in the province of Rioja (La) - RIOJA (LA)
Ranking
#34 of 50 provinces
Variation 2023
+4.6%
Median rent (Collective housing)
5.63€/m²
Median amount/month
452.98€
Collective housing
2023
Median rent
5.63€/m²
Median amount
452.98€
Median area
86 m²
Contracts
15,524
Single-family housing
2023
Median rent
3.25€/m²
Median amount
375.00€
Median area
210 m²
Contracts
742
Historical rent evolution
Price evolution
| Year | €/m² | €/month | Contracts | Variation |
|---|---|---|---|---|
| 2011 | 4.90 | 400.00 | 7,749 | - |
| 2012 | 4.72 | 391.67 | 7,957 | -3.7% |
| 2013 | 4.43 | 366.67 | 8,092 | -6.1% |
| 2014 | 4.32 | 350.00 | 8,752 | -2.5% |
| 2015 | 4.31 | 350.00 | 9,421 | -0.2% |
| 2016 | 4.39 | 358.82 | 10,209 | +1.9% |
| 2017 | 4.46 | 367.68 | 10,934 | +1.6% |
| 2018 | 4.55 | 375.00 | 11,656 | +2% |
| 2019 | 4.86 | 400.00 | 12,675 | +6.8% |
| 2020 | 5.00 | 403.31 | 13,633 | +2.9% |
| 2021 | 5.16 | 422.97 | 14,173 | +3.2% |
| 2022 | 5.38 | 450.00 | 14,769 | +4.3% |
| 2023 | 5.63 | 452.98 | 15,524 | +4.6% |
The rental housing market in La Rioja, Spain, offers a unique snapshot of both regional and national trends. As of 2023, the average rent in La Rioja stands at 3.2 euros per square meter, translating to an average monthly rental cost of approximately 375 euros. These figures place La Rioja at the 90th position out of 52 provinces in terms of rental pricing, indicating a relatively affordable market compared to many other regions in Spain. For tenants, the current average monthly rent suggests a manageable financial commitment, particularly when compared to larger urban centers such as Madrid or Barcelona, where rental prices have soared beyond the average of 15 euros per square meter. This affordability can attract individuals and families seeking a lower cost of living without sacrificing access to essential amenities and services. The rental market in La Rioja remains appealing for students, young professionals, and families who are looking for a balance between quality of life and economic feasibility. In terms of market dynamics, a total of 742 registered rental contracts have been recorded in La Rioja, reflecting a steady demand for rental properties. This stable number of contracts indicates that the region is maintaining a consistent rental activity, despite fluctuations seen in other areas of Spain. The continued demand for rental properties in La Rioja could be attributed to its picturesque landscapes, cultural heritage, and a growing number of amenities that enhance the living experience. When comparing La Rioja to the broader autonomous community, it becomes evident that while it may not be the most expensive region for renting, it offers a unique value proposition. The average rent in La Rioja is significantly lower than in neighboring autonomous communities, making it an attractive option for those looking to relocate. Additionally, this affordability can encourage social mobility and attract new residents, which may further invigorate the local economy. Looking ahead, the rental market in La Rioja is poised for gradual growth as the province continues to develop its infrastructure and amenities. The emphasis on sustainability and urban development in the region could lead to an increase in demand for rental properties, potentially influencing rental prices in the coming years. However, the current average of 3.2 euros per square meter remains a strong selling point for landlords and tenants alike, as it reflects a market that is both competitive and accessible. In conclusion, La Rioja's rental housing market is characterized by its affordability and stability. With an average monthly rent of 375 euros, it offers a practical option for a diverse range of tenants. As the region continues to evolve and attract new residents, the dynamics of the rental market are likely to shift, making it essential for potential tenants and landlords to stay informed about ongoing trends and statistics.