Rent price in Santander
Cantabria · Cantabria
Estimated rent · IPVA 2023
Net income
16.4k€
per capita/yr
Unemployment
10.6%
SEPE
Population
175k
residents
Rent in Santander stands at €565/month in 2023 per the INE IPVA, a +2.5% year-on-year change. Since 2020 prices have risen 6.8%, placing it €5 above the Cantabria provincial average (€560/month).
Full guide: living in Santander
Monthly budget, required salary and mortgage estimate
Idealista
Rental flats in Santander →
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National market context
National rank
#480
out of 748 municipalities
vs Cantabria
+5€
region avg: €560
Trend vs Spain
+0.2%
avg: 2.3%
Trend vs region
+0.2%
region avg: €2.3
Santander ranks 480 out of 748 municipalities in the INE rent price index. It is close to the Cantabria average (€560/month).
Rent price evolution
Estimated monthly rent in Santander (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
16.389€
per year · INE Atlas
Average household income
38.641€
per year
Rent-to-income ratio
41.4%
of per capita income
Average gross salary
27.097€
per year · Cantabria
Rent-to-salary ratio
25%
of annual gross salary
The national average effort is 55.4% of per capita income. Santander is 14 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Cantabria average.
Registered unemployment
Estimated unemployment rate
10.6%
of estimated active population
Registered unemployed
8,723
people
Annual change
-4.7%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Santander?
With rent at €565/month, the recommended salary (30% rule) is €32,000 gross/year.
Recommended salary
32,000€
gross / year
Rent
565€
/ month
Real avg income
16,389€
net / year
Enter your gross annual salary to see what rent in Santander means for your budget.
What would a mortgage cost in Santander?
For a €115,000 property (estimated from current rent), the monthly payment would be €461 over 25 years at 3.5%. You need €34,500 for the down payment and costs (20% + 10%). Based on average incomes in Santander, saving that amount would take around 3 years.
What does it cost to live in Santander?
Rent is €565/month. With average food, transport and utilities, the estimated cost of living is €1,335/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 | 115.368 | 565€ |
| 2022 | 112.595 | 552€ |
| 2021 | 110.092 | 539€ |
| 2020 | 107.944 | 529€ |
Frequently asked questions
How much does it cost to rent in Santander?
The estimated rent in Santander is €565/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Santander?
Rent in Santander has risen by 2.5% compared to the previous year, per the INE IPVA index.
Is Santander expensive to rent compared to the national average?
No, rent in Santander (€565/month) is 13% below the national average (€648/month).
How much do you need to earn to live in Santander?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Santander with a rent of €565/month.
What would a mortgage cost in Santander?
For an estimated property price of €115,000 in Santander (based on current rent of €565/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).
Cantabria province
View all municipalities and compare prices
Other municipalities in Cantabria
Municipalities with similar rent
Municipalities in Spain with a similar rent to Santander (±10%)
More affordable options in Cantabria
Municipalities in Cantabria with lower rent than Santander
Want to compare Santander 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: 39075