Rent price in Algete
Madrid · Comunidad de Madrid
Estimated rent · IPVA 2023
Net income
18.2k€
per capita/yr
Unemployment
6.1%
SEPE
Population
21,144
residents
According to INE IPVA data, estimated rent in Algete is €975/month in 2023 — +1.8% year-on-year. Back in 2020 it was €924/month, a 5.5% increase over 4 years. Provincial average (Madrid): €1002/month.
Idealista
Rental flats in Algete →
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National market context
National rank
#48
out of 748 municipalities
vs CCAA
-27€
region avg: €1002
Trend vs Spain
-0.5%
avg: 2.3%
Trend vs region
-0.5%
region avg: €2.3
Algete ranks among the 50 most expensive municipalities in Spain (position 48 of 748).
Rent price evolution
Estimated monthly rent in Algete (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
18.232€
per year · INE Atlas
Average household income
57.767€
per year
Rent-to-income ratio
64.2%
of per capita income
Average gross salary
34.410€
per year · Comunidad de Madrid
Rent-to-salary ratio
34%
of annual gross salary
The national average effort is 55.4% of per capita income. Algete is 9 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Comunidad de Madrid average.
Registered unemployment
Estimated unemployment rate
6.1%
of estimated active population
Registered unemployed
681
people
Annual change
-8.2%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Algete?
With rent at €975/month, the recommended salary (30% rule) is €60,500 gross/year.
Recommended salary
60,500€
gross / year
Rent
975€
/ month
Real avg income
18,232€
net / year
Enter your gross annual salary to see what rent in Algete means for your budget.
What would a mortgage cost in Algete?
For a €195,000 property (estimated from current rent), the monthly payment would be €781 over 25 years at 3.5%. You need €58,500 for the down payment and costs (20% + 10%). Based on average incomes in Algete, saving that amount would take around 3.4 years.
What does it cost to live in Algete?
Rent is €975/month. With average food, transport and utilities, the estimated cost of living is €1,745/month. Adjust each category to your situation.
Estimated expenses based on national averages. Adjust to your lifestyle.
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 | 114.728 | 975€ |
| 2022 | 112.647 | 957€ |
| 2021 | 109.940 | 934€ |
| 2020 | 108.655 | 924€ |
Frequently asked questions
How much does it cost to rent in Algete?
The estimated rent in Algete is €975/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Algete?
Rent in Algete has risen by 1.8% compared to the previous year, per the INE IPVA index.
Is Algete expensive to rent compared to the national average?
Yes, rent in Algete (€975/month) is 50% above the national average (€648/month).
How much do you need to earn to live in Algete?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €39000 net per year to live in Algete with a rent of €975/month.
What would a mortgage cost in Algete?
For an estimated property price of €195,000 in Algete (based on current rent of €975/month), the monthly mortgage payment would be €781 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €58,500 (20% down + ~10% costs).
Madrid province
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Other municipalities in Madrid
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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: 28009