Monthly rents went up 8.2% in the Canary Islands during 2025 to reach record highs
The monthly cost of renting a home in the Canary Islands increased by 8.2% over the past year, reaching a record average of 15.30 euros per square metre in December 2025, according to new data released by property portal Idealista.
The two provinces show similar year-on-year growth: rents rose 8.6% in Santa Cruz de Tenerife (15.10 euros/m²) and 8.1% in Las Palmas (15.40 euros/m²).
Within the province of Las Palmas, the capital recorded an 8.2% rise to 14 euros/m², while La Oliva (Fuerteventura) saw the sharpest increase at 14.3%, followed by Agüimes (10.8%) and Telde (10.1%). San Bartolomé de Tirajana remains the most expensive market at 21.50 euros/m², compared with Santa Lucía de Tirajana, the most affordable at 10.90 euros/m².
In the province of Santa Cruz de Tenerife, the capital registered a 13.6% annual increase to 13.3 euros/m², with the steepest rises in San Miguel de Abona (21.6%) and Guía de Isora (16.3%). Adeje (19.50 euros/m²) and Arona (18.90 euros/m²) top the price table, while La Orotava, at 10.70 euros/m², remains the most economical option.
Rent increases at national level
Nationally, monthly rental prices in Spain grew by 8.5% in 2025, reaching an average of 14.70 euros/m². Among the 50 provincial capitals analysed, 25 reached all-time highs this quarter. Ceuta recorded the largest annual increase at 17.9%, while San Sebastián was the only capital where prices fell slightly (0.5%). Barcelona continues to be the most expensive city for renters at 23.80 euros/m², followed by Madrid (22.70 euros/m²) and Palma (18.30 euros/m²).
At the opposite end of the scale, the cheapest capitals for renting are Zamora (7.60 euros/m²), followed by Ciudad Real, Badajoz and Lugo (all at 7.90 euros/m²).
Across Spain, rental prices rose in all regions. Castilla-La Mancha led with an 11.7% increase, followed by La Rioja (10.6%), Madrid (10.4%), Andalucía and Aragón (9.9%), and the Valencian Community (9.7%). Catalonia saw the smallest rise, at just 3%. Madrid remains the most expensive region (20.80 euros/m²), ahead of the Balearic Islands (19.10 euros/m²), Catalonia (18.60 euros/m²) and the Canary Islands (15.30 euros/m²).
Idealista notes that the main challenge in the rental market continues to be a shortage of available properties, which leads landlords to favour tenants offering the highest levels of financial security. As a result, many families find themselves excluded.
The organisation also highlights the cost and unintended consequences of rent-control policies, which, it argues, create increasing competition between those who benefit from price caps and those who struggle to secure housing because of them.
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