Rental Prices in Toledo 2023
Rental price statistics in the province of Toledo - CASTILLA - LA MANCHA
Ranking
#31 of 50 provinces
Variation 2023
+6.7%
Median rent (Collective housing)
5.72€/m²
Median amount/month
450.00€
Collective housing
2023
Median rent
5.72€/m²
Median amount
450.00€
Median area
86 m²
Contracts
22,186
Single-family housing
2023
Median rent
3.64€/m²
Median amount
450.00€
Median area
169 m²
Contracts
7,840
Historical rent evolution
Price evolution
| Year | €/m² | €/month | Contracts | Variation |
|---|---|---|---|---|
| 2011 | 4.85 | 400.00 | 8,047 | - |
| 2012 | 4.57 | 375.00 | 8,295 | -5.8% |
| 2013 | 4.26 | 350.00 | 8,657 | -6.8% |
| 2014 | 4.10 | 340.00 | 9,480 | -3.8% |
| 2015 | 4.00 | 330.00 | 10,396 | -2.4% |
| 2016 | 4.07 | 333.33 | 11,550 | +1.8% |
| 2017 | 4.15 | 340.00 | 12,972 | +2% |
| 2018 | 4.28 | 350.00 | 14,496 | +3.1% |
| 2019 | 4.66 | 374.73 | 16,802 | +8.9% |
| 2020 | 4.88 | 395.00 | 18,218 | +4.7% |
| 2021 | 5.07 | 400.00 | 19,327 | +3.9% |
| 2022 | 5.36 | 420.00 | 20,495 | +5.7% |
| 2023 | 5.72 | 450.00 | 22,186 | +6.7% |
The rental housing market in the province of Toledo, located in the autonomous community of Castilla-La Mancha, presents a unique landscape for both landlords and tenants in 2023. With an average rent of 3.6 €/m², the monthly rental cost typically hovers around 450 euros. These figures place Toledo at a modest position in the national context, specifically ranking 82 out of 52 provinces in terms of rental prices. Understanding the implications of these statistics is crucial for potential tenants seeking housing in Toledo. The average rent per square meter indicates that the housing market remains more affordable compared to larger Spanish cities like Madrid or Barcelona, where rental prices can soar above 15 €/m². This affordability makes Toledo an attractive option for those looking to balance urban amenities with budget constraints. Moreover, the recorded number of rental contracts, totaling 7,840, suggests a steady demand for rental properties this year, reflecting the province's appeal amidst economic fluctuations. When comparing Toledo's rental market with the broader regional context of Castilla-La Mancha, we find that Toledo's averages align closely with other cities in the region, such as Albacete and Ciudad Real. However, Toledo often stands out due to its historical significance and proximity to Madrid, which can draw interest from commuters seeking a quieter lifestyle without sacrificing accessibility to the capital. This dynamic contributes to the stability of rental prices in the province, as the influx of new residents can drive demand while maintaining competitive pricing. From a broader national perspective, the rental market in Toledo seems resilient despite the economic challenges faced across Spain. Nationally, the average rental price has seen significant increases in urban centers, particularly over the last few years. In contrast, Toledo's steady average rent showcases its potential as a more sustainable option for renters. This trend can be attributed to a variety of factors, including the province's ongoing development projects, which aim to enhance infrastructure and living conditions, thereby attracting more residents. In conclusion, the rental housing market in Toledo, with its average rent of 3.6 €/m² and total of 7,840 contracts, offers a compelling case for both tenants and investors. The province's affordability, combined with its strategic location and historical charm, positions it as a favorable option within Castilla-La Mancha and the broader Spanish rental landscape. As the market evolves, it is essential for stakeholders to monitor these statistics closely, as they provide valuable insights into future trends and opportunities in Toledo's rental housing sector.