Rental Prices in León 2023

Rental price statistics in the province of León - CASTILLA Y LEÓN

Ranking

#41 of 50 provinces

Variation 2023

+4.2%

Median rent (Collective housing)

5.00€/m²

Median amount/month

403.93€

Collective housing

2023

Median rent

5.00€/m²

Median amount

403.93€

Median area

89 m²

Contracts

19,810

25th percentile3.80€/m²
75th percentile6.39€/m²

Single-family housing

2023

Median rent

3.15€/m²

Median amount

350.00€

Median area

188 m²

Contracts

2,082

25th percentile1.97€/m²
75th percentile4.29€/m²

Historical rent evolution

Price evolution

Year€/m²€/monthContractsVariation
20113.98350.0011,824-
20124.03350.0012,080+1.3%
20133.96340.0012,449-1.7%
20143.96338.7413,076-
20154.00339.1713,969+1%
20164.07350.0014,766+1.8%
20174.14350.0015,570+1.7%
20184.20350.0016,311+1.4%
20194.43364.8317,483+5.5%
20204.55375.0018,117+2.7%
20214.64386.0018,617+2%
20224.80400.0018,972+3.4%
20235.00403.9319,810+4.2%

The rental housing market in the province of León, located in the autonomous community of Castilla y León, presents a unique landscape characterized by affordability and stability. In 2023, the average rent in León stands at approximately 3.2 euros per square meter, translating into an average monthly rental cost of around 350 euros. This pricing places León in the lower tier of Spanish provinces, ranking 92 out of 52, indicating a more accessible market for potential tenants compared to many other regions in Spain. The number of registered rental contracts in León has reached 2,082, reflecting a healthy level of activity in the rental market. This figure suggests a steady demand for rental properties, which is crucial for understanding the dynamics of the local housing landscape. Tenants in León can benefit from relatively lower rents, which not only make living arrangements more affordable but also allow residents to allocate funds to other essential aspects of their lives. When comparing León's rental market to both regional and national averages, the differences become even more pronounced. In Castilla y León, the average rent tends to hover around 4 to 5 euros per square meter, depending on the specific area. Nationally, average rent prices have surged, often exceeding 10 euros per square meter in major cities like Madrid and Barcelona. This disparity highlights the advantages of renting in León, where affordability remains a key feature, particularly for young professionals and families seeking economical housing options. Additionally, the stability of León's rental market offers tenants a sense of security. With a lower rate of price fluctuation compared to more volatile urban centers, those seeking housing in León can enjoy predictable expenses, making financial planning easier. This stability could also be appealing to investors looking to enter the rental market, as it indicates a lower risk environment with a consistent demand for rental properties. As the market evolves, it is essential for potential tenants to stay informed about trends and changes in rental prices. The current figures suggest that León's rental market will continue to attract individuals and families looking for affordable living spaces without compromising on quality of life. In conclusion, León offers a compelling case for renters, with its combination of low average rental costs, a steady supply of rental contracts, and a stable market environment, making it an attractive choice within the broader context of Spain’s housing market.

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