Rent price in Aranjuez
Madrid · Comunidad de Madrid
Estimated rent · IPVA 2023
Net income
14.2k€
per capita/yr
Unemployment
8.7%
SEPE
Population
63,040
residents
Rent in Aranjuez stands at €1031/month in 2023 per the INE IPVA, a +2.8% year-on-year change. Since 2020 prices have risen 8.4%, placing it €29 above the Madrid provincial average (€1002/month).
Full guide: living in Aranjuez
Monthly budget, required salary and mortgage estimate
National market context
National rank
#7
out of 753 municipalities
vs CCAA
+29€
region avg: €1002
Trend vs Spain
+0.5%
avg: 2.3%
Trend vs region
+0.5%
region avg: €2.3
Aranjuez ranks among the 10 most expensive municipalities in Spain (position 7 of 753).
Rent price evolution
Estimated monthly rent in Aranjuez (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
14.173€
per year · INE Atlas
Average household income
40.453€
per year
Rent-to-income ratio
87.3%
of per capita income
Average gross salary
34.410€
per year · Comunidad de Madrid
Rent-to-salary ratio
36%
of annual gross salary
The national average effort is 55.3% of per capita income. Aranjuez is 32 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.
What would it cost to live in Aranjuez?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
8.7%
of estimated active population
Registered unemployed
2,910
people
Annual change
-5.7%
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 | 121.341 | 1031€ |
| 2022 | 118.066 | 1004€ |
| 2021 | 114.715 | 975€ |
| 2020 | 111.851 | 951€ |
Idealista
Rental flats in Aranjuez →
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Frequently asked questions
How much does it cost to rent in Aranjuez?
The estimated rent in Aranjuez is €1031/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Aranjuez?
Rent in Aranjuez has risen by 2.8% compared to the previous year, per the INE IPVA index.
Is Aranjuez expensive to rent compared to the national average?
Yes, rent in Aranjuez (€1031/month) is 59% above the national average (€648/month).
How much do you need to earn to live in Aranjuez?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €41000 net per year to live in Aranjuez with a rent of €1031/month.
What would a mortgage cost in Aranjuez?
For an estimated property price of €205,000 in Aranjuez (based on current rent of €1031/month), the monthly mortgage payment would be €821 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €61,500 (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: 28013