Rental Prices in Murcia 2023
Rental price statistics in the province of Murcia - MURCIA (REGIÓN DE)
Ranking
#40 of 50 provinces
Variation 2023
+5%
Median rent (Collective housing)
5.08€/m²
Median amount/month
439.35€
Collective housing
2023
Median rent
5.08€/m²
Median amount
439.35€
Median area
95 m²
Contracts
45,591
Single-family housing
2023
Median rent
3.95€/m²
Median amount
400.00€
Median area
134 m²
Contracts
11,256
Historical rent evolution
Price evolution
| Year | €/m² | €/month | Contracts | Variation |
|---|---|---|---|---|
| 2011 | 4.19 | 366.67 | 17,363 | - |
| 2012 | 4.08 | 350.00 | 18,149 | -2.6% |
| 2013 | 3.90 | 345.83 | 19,852 | -4.4% |
| 2014 | 3.81 | 330.00 | 22,298 | -2.3% |
| 2015 | 3.80 | 330.00 | 25,333 | -0.3% |
| 2016 | 3.85 | 340.00 | 28,253 | +1.3% |
| 2017 | 3.92 | 350.00 | 31,209 | +1.8% |
| 2018 | 4.05 | 350.00 | 33,457 | +3.3% |
| 2019 | 4.34 | 375.00 | 36,632 | +7.2% |
| 2020 | 4.44 | 390.00 | 38,722 | +2.3% |
| 2021 | 4.62 | 400.00 | 40,892 | +4.1% |
| 2022 | 4.84 | 404.08 | 42,413 | +4.8% |
| 2023 | 5.08 | 439.35 | 45,591 | +5% |
The rental housing market in the province of Murcia has shown a distinctive profile in 2023, characterized by an average rent of 4.0 €/m², translating to an average monthly rent of 400 euros. These figures place Murcia at a price ranking of #74 among the 52 provinces in Spain, indicating that the rental prices in this region are relatively modest compared to other areas. For tenants, these statistics suggest a more accessible rental landscape, particularly when compared to major urban centers like Madrid and Barcelona, where average rents can soar to over 15 €/m². This affordability makes Murcia an appealing option for individuals and families seeking quality housing without the financial strain often associated with larger cities. The average monthly rent of 400 euros is quite competitive, especially given the province’s picturesque landscapes, cultural heritage, and increasingly vibrant local economy. In 2023, there have been 11,256 registered rental contracts in Murcia, reflecting a stable rental activity within the market. This figure indicates a healthy demand for rental properties, suggesting that more individuals are choosing to rent rather than purchase homes in the region. The rental market's resilience is noteworthy, especially in light of broader economic fluctuations and changes in housing demand patterns across Spain. When examining the regional context, Murcia stands out for its relative affordability, particularly when juxtaposed with neighboring regions like Valencia and Andalucía, where rental prices can be significantly higher. This makes Murcia a strategic location for those looking to benefit from lower living costs while still enjoying the advantages of coastal living and urban amenities. Looking ahead, the rental market in Murcia is poised for potential growth as more people recognize the province's unique offerings. Factors such as an improving economy, infrastructure development, and a growing population may contribute to increased rental demand. Furthermore, as remote work becomes more prevalent, the appeal of living in more affordable areas like Murcia is likely to rise, attracting professionals from other regions and contributing to a dynamic rental market. In summary, the current statistics of the rental housing market in the province of Murcia illustrate a favorable environment for tenants. With competitive pricing, stable rental activity, and a strategic position within Spain, Murcia continues to be a sensible choice for those seeking affordable housing options. As the market evolves, it will be crucial for potential renters to remain informed about ongoing trends and opportunities within this vibrant region.