Rent in Madrid vs Santa Cruz de Tenerife
Madrid · Comunidad de Madrid — Santa Cruz de Tenerife · Canarias · INE data 2026
Renting in Santa Cruz de Tenerife is 73% cheaper than in Madrid. The difference is €425/month — a saving of €5,100 per year.
€1006/month in Madrid vs €581/month in Santa Cruz de Tenerife. National average: €648/month.
Context
Madrid (Comunidad de Madrid) and Santa Cruz de Tenerife (Canarias) represent two rental markets from different Spanish autonomous communities. Santa Cruz de Tenerife is the more affordable option, saving €425/month compared to Madrid. Unemployment in Santa Cruz de Tenerife (14.3%) is higher than in Madrid (7.1%), which may affect rental demand and purchasing power.
Madrid
Santa Cruz de Tenerife
Estimated rent
Madrid
1006€/month
Santa Cruz de Tenerife
581€/month
Annual change
Madrid
+2.7%
Santa Cruz de Tenerife
+2.9%
INE index (base 2015=100)
Madrid
118.3
Santa Cruz de Tenerife
121.0
vs national average
Madrid
+358€
Santa Cruz de Tenerife
-67€
Population
Madrid
3,506,730
Santa Cruz de Tenerife
211,957
Per capita income
Madrid
19,632€
Santa Cruz de Tenerife
15,110€
Rent-to-income ratio
Madrid
61.5%
Santa Cruz de Tenerife
46.1%
Where is it better to rent?
In terms of rent, Santa Cruz de Tenerife is the more affordable option at €581/month, 73% less than Madrid (€1006/month). Living in Santa Cruz de Tenerife saves €5,100 per year compared to Madrid.
Madrid
Madrid · Comunidad de Madrid
1006€/month
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Santa Cruz de Tenerife
Santa Cruz de Tenerife · Canarias
581€/month
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Cost of living guides
More comparisons with Madrid
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →