Rent price in Granada
Granada · Andalucía
Estimated rent · IPVA 2023
Net income
16.0k€
per capita/yr
Unemployment
17.6%
SEPE
Population
234k
residents
In 2023, the estimated rent in Granada is €572/month (INE IPVA index), a +3% annual change and 9.8% higher than in 2020. Estimated provincial average in Granada: €564/month.
Full guide: living in Granada
Monthly budget, required salary and mortgage estimate
National market context
National rank
#462
out of 753 municipalities
vs Andalucía
+4€
region avg: €568
Trend vs Spain
+0.7%
avg: 2.3%
Trend vs region
+1.2%
region avg: €1.8
Granada ranks 462 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 Granada (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
16.024€
per year · INE Atlas
Average household income
36.821€
per year
Rent-to-income ratio
42.8%
of per capita income
Average gross salary
26.090€
per year · Andalucía
Rent-to-salary ratio
26.3%
of annual gross salary
The national average effort is 55.3% of per capita income. Granada is 13 points below 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 Granada?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
17.6%
of estimated active population
Registered unemployed
17,183
people
Annual change
-9.2%
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 | 119.113 | 572€ |
| 2022 | 115.677 | 555€ |
| 2021 | 112.020 | 538€ |
| 2020 | 108.624 | 521€ |
Idealista
Rental flats in Granada →
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Frequently asked questions
How much does it cost to rent in Granada?
The estimated rent in Granada is €572/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Granada?
Rent in Granada has risen by 3% compared to the previous year, per the INE IPVA index.
Is Granada expensive to rent compared to the national average?
No, rent in Granada (€572/month) is 12% below the national average (€648/month).
How much do you need to earn to live in Granada?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Granada with a rent of €572/month.
What would a mortgage cost in Granada?
For an estimated property price of €115,000 in Granada (based on current rent of €572/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).
Granada province
View all municipalities and compare prices
Other municipalities in Granada
Municipalities with similar rent
Municipalities in Spain with a similar rent to Granada (±10%)
Want to compare Granada 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: 18087