Rent price in Algeciras
Cádiz · Andalucía
Estimated rent · IPVA 2023
Net income
12.6k€
per capita/yr
Unemployment
22.1%
SEPE
Population
127k
residents
Rent in Algeciras stands at €584/month in 2023 per the INE IPVA, a +2.2% year-on-year change. Since 2020 prices have risen 6%, placing it €16 above the Cádiz provincial average (€568/month).
Full guide: living in Algeciras
Monthly budget, required salary and mortgage estimate
National market context
National rank
#426
out of 753 municipalities
vs Andalucía
+16€
region avg: €568
Trend vs Spain
-0.1%
avg: 2.3%
Trend vs region
+0.4%
region avg: €1.8
Algeciras ranks 426 out of 753 municipalities in the INE rent price index. It is close to the Andalucía average (€568/month).
Rent price evolution
Estimated monthly rent in Algeciras (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
12.564€
per year · INE Atlas
Average household income
34.017€
per year
Rent-to-income ratio
55.8%
of per capita income
Average gross salary
26.090€
per year · Andalucía
Rent-to-salary ratio
26.9%
of annual gross salary
The national average effort is 55.3% of per capita income. Algeciras is 1 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Andalucía average.
What would it cost to live in Algeciras?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
22.1%
of estimated active population
Registered unemployed
11,663
people
Annual change
-10%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
Climate
Monthly max & min temperature (°C) · 2015–2024 normals
Source: Open-Meteo · ERA5 reanalysis (ECMWF)
Rent index evolution
| Year | INE IPVA Index | Estimated rent |
|---|---|---|
| 2023 | 116.801 | 584€ |
| 2022 | 114.275 | 571€ |
| 2021 | 111.809 | 559€ |
| 2020 | 110.117 | 551€ |
Idealista
Rental flats in Algeciras →
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Frequently asked questions
How much does it cost to rent in Algeciras?
The estimated rent in Algeciras is €584/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Algeciras?
Rent in Algeciras has risen by 2.2% compared to the previous year, per the INE IPVA index.
Is Algeciras expensive to rent compared to the national average?
No, rent in Algeciras (€584/month) is 10% below the national average (€648/month).
How much do you need to earn to live in Algeciras?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Algeciras with a rent of €584/month.
What would a mortgage cost in Algeciras?
For an estimated property price of €115,000 in Algeciras (based on current rent of €584/month), the monthly mortgage payment would be €461 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €34,500 (20% down + ~10% costs).
Cádiz province
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Other municipalities in Cádiz
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Municipalities in Spain with a similar rent to Algeciras (±10%)
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Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →Methodology
Data comes from the Housing Rental Price Index (IPVA) published by Spain's National Statistics Institute (INE), with base 100 in 2015. The estimated rent is calculated by applying the index to the median reference price for the province in 2015.
Source: INE IPVA base 2015=100 · INE code: 11004