Rent price in Oviedo
Asturias · Principado de Asturias
Estimated rent · IPVA 2023
Net income
16.9k€
per capita/yr
Unemployment
10.2%
SEPE
Population
224k
residents
In 2023, the estimated rent in Oviedo is €551/month (INE IPVA index), a +1.8% annual change and 5.6% higher than in 2020. Estimated provincial average in Asturias: €540/month.
Full guide: living in Oviedo
Monthly budget, required salary and mortgage estimate
National market context
National rank
#534
out of 753 municipalities
vs CCAA
+11€
region avg: €540
Trend vs Spain
-0.5%
avg: 2.3%
Trend vs region
+0.5%
region avg: €1.3
Oviedo ranks 534 out of 753 municipalities in the INE rent price index. It is close to the Principado de Asturias average (€540/month).
Rent price evolution
Estimated monthly rent in Oviedo (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
16.926€
per year · INE Atlas
Average household income
38.153€
per year
Rent-to-income ratio
39.1%
of per capita income
Average gross salary
28.562€
per year · Principado de Asturias
Rent-to-salary ratio
23.1%
of annual gross salary
The national average effort is 55.3% of per capita income. Oviedo is 16 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Principado de Asturias average.
What would it cost to live in Oviedo?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
10.2%
of estimated active population
Registered unemployed
10,263
people
Annual change
-4.7%
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 | 112.472 | 551€ |
| 2022 | 110.446 | 541€ |
| 2021 | 108.300 | 531€ |
| 2020 | 106.549 | 522€ |
Idealista
Rental flats in Oviedo →
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Frequently asked questions
How much does it cost to rent in Oviedo?
The estimated rent in Oviedo is €551/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Oviedo?
Rent in Oviedo has risen by 1.8% compared to the previous year, per the INE IPVA index.
Is Oviedo expensive to rent compared to the national average?
No, rent in Oviedo (€551/month) is 15% below the national average (€648/month).
How much do you need to earn to live in Oviedo?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Oviedo with a rent of €551/month.
What would a mortgage cost in Oviedo?
For an estimated property price of €110,000 in Oviedo (based on current rent of €551/month), the monthly mortgage payment would be €441 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €33,000 (20% down + ~10% costs).
Asturias province
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Other municipalities in Asturias
Municipalities with similar rent
Municipalities in Spain with a similar rent to Oviedo (±10%)
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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: 33044