Rent price in Portugalete
Vizcaya · País Vasco
Estimated rent · IPVA 2024
Net income
17.3k€
per capita/yr
Unemployment
11.4%
SEPE
Population
44,843
residents
According to INE IPVA data, estimated rent in Portugalete is €721.7/month in 2024 — +3.2% year-on-year. Back in 2016 it was €596/month, a 21.1% increase over 9 years. Provincial average (Vizcaya): €747/month.
Idealista
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National market context
National rank
#188
out of 748 municipalities
vs País Vasco
-7.2999999999999545€
region avg: €729
Trend vs Spain
+0.9%
avg: 2.3%
Trend vs region
+0.9%
region avg: €2.3
Portugalete ranks 188 out of 748 municipalities in the INE rent price index. It is close to the País Vasco average (€729/month).
Rent price evolution
Estimated monthly rent in Portugalete (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
17.278€
per year · INE Atlas
Average household income
39.248€
per year
Rent-to-income ratio
50.1%
of per capita income
Average gross salary
35.170€
per year · País Vasco
Rent-to-salary ratio
24.6%
of annual gross salary
The national average effort is 55.4% of per capita income. Portugalete is 5 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the País Vasco average.
Registered unemployment
Estimated unemployment rate
11.4%
of estimated active population
Registered unemployed
2,517
people
Annual change
-3.2%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Portugalete?
With rent at €721.7/month, the recommended salary (30% rule) is €42,500 gross/year.
Recommended salary
42,500€
gross / year
Rent
721.7€
/ month
Real avg income
17,278€
net / year
Enter your gross annual salary to see what rent in Portugalete means for your budget.
What would a mortgage cost in Portugalete?
For a €145,000 property (estimated from current rent), the monthly payment would be €581 over 25 years at 3.5%. You need €43,500 for the down payment and costs (20% + 10%). Based on average incomes in Portugalete, saving that amount would take around 3.7 years.
What does it cost to live in Portugalete?
Rent is €721.7/month. With average food, transport and utilities, the estimated cost of living is €1,491.7/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 |
|---|---|---|
| 2024 | 740.430 | 740€ |
| 2023 | 699.480 | 699€ |
| 2022 | 654.980 | 655€ |
| 2021 | 655.070 | 655€ |
| 2020 | 631.570 | 632€ |
| 2019 | 629.470 | 629€ |
| 2018 | 619.770 | 620€ |
| 2017 | 609.700 | 610€ |
| 2016 | 596.290 | 596€ |
Frequently asked questions
How much does it cost to rent in Portugalete?
The estimated rent in Portugalete is €721.7/month in 2024, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Portugalete?
Rent in Portugalete has risen by 3.2% compared to the previous year, per the INE IPVA index.
Is Portugalete expensive to rent compared to the national average?
Yes, rent in Portugalete (€721.7/month) is 11% above the national average (€648/month).
How much do you need to earn to live in Portugalete?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €29000 net per year to live in Portugalete with a rent of €721.7/month.
What would a mortgage cost in Portugalete?
For an estimated property price of €145,000 in Portugalete (based on current rent of €721.7/month), the monthly mortgage payment would be €581 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €43,500 (20% down + ~10% costs).
Vizcaya province
View all municipalities and compare prices
Other municipalities in Vizcaya
Municipalities with similar rent
Municipalities in Spain with a similar rent to Portugalete (±10%)
Want to compare Portugalete 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: EMAL - Estadística del Mercado de Alquiler (Gobierno Vasco) · INE code: 48078