Rent price in Arrecife
Las Palmas · Canarias
Estimated rent · IPVA 2023
Net income
12.1k€
per capita/yr
Unemployment
9.3%
SEPE
Population
70,811
residents
According to INE IPVA data, estimated rent in Arrecife is €620/month in 2023 — +3% year-on-year. Back in 2020 it was €579/month, a 7.1% increase over 4 years. Provincial average (Las Palmas): €596/month.
Idealista
Rental flats in Arrecife →
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National market context
National rank
#353
out of 748 municipalities
vs Canarias
+31€
region avg: €589
Trend vs Spain
+0.7%
avg: 2.3%
Trend vs region
+0.3%
region avg: €2.7
Arrecife ranks 353 out of 748 municipalities in the INE rent price index. It is close to the Canarias average (€589/month).
Rent price evolution
Estimated monthly rent in Arrecife (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
12.079€
per year · INE Atlas
Average household income
35.247€
per year
Rent-to-income ratio
61.6%
of per capita income
Average gross salary
25.120€
per year · Canarias
Rent-to-salary ratio
29.6%
of annual gross salary
The national average effort is 55.4% of per capita income. Arrecife is 6 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Canarias average.
Registered unemployment
Estimated unemployment rate
9.3%
of estimated active population
Registered unemployed
3,474
people
Annual change
-4.3%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Arrecife?
With rent at €620/month, the recommended salary (30% rule) is €36,500 gross/year.
Recommended salary
36,500€
gross / year
Rent
620€
/ month
Real avg income
12,079€
net / year
Enter your gross annual salary to see what rent in Arrecife means for your budget.
What would a mortgage cost in Arrecife?
For a €125,000 property (estimated from current rent), the monthly payment would be €501 over 25 years at 3.5%. You need €37,500 for the down payment and costs (20% + 10%). Based on average incomes in Arrecife, saving that amount would take around 3.5 years.
What does it cost to live in Arrecife?
Rent is €620/month. With average food, transport and utilities, the estimated cost of living is €1,390/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 | 124.070 | 620€ |
| 2022 | 120.500 | 603€ |
| 2021 | 117.339 | 587€ |
| 2020 | 115.851 | 579€ |
Frequently asked questions
How much does it cost to rent in Arrecife?
The estimated rent in Arrecife is €620/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Arrecife?
Rent in Arrecife has risen by 3% compared to the previous year, per the INE IPVA index.
Is Arrecife expensive to rent compared to the national average?
Rent in Arrecife (€620/month) is close to the national average (€648/month).
How much do you need to earn to live in Arrecife?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €25000 net per year to live in Arrecife with a rent of €620/month.
What would a mortgage cost in Arrecife?
For an estimated property price of €125,000 in Arrecife (based on current rent of €620/month), the monthly mortgage payment would be €501 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €37,500 (20% down + ~10% costs).
Las Palmas province
View all municipalities and compare prices
Other municipalities in Las Palmas
Municipalities with similar rent
Municipalities in Spain with a similar rent to Arrecife (±10%)
More affordable options in Canarias
Municipalities in Canarias with lower rent than Arrecife
Want to compare Arrecife with another municipality?
Rent, income, population and more, side by side.
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: 35004