Rent price in Torremolinos
Málaga · Andalucía
Estimated rent · IPVA 2023
Net income
13.8k€
per capita/yr
Unemployment
14%
SEPE
Population
71,329
residents
According to INE IPVA data, estimated rent in Torremolinos is €723/month in 2023 — +3.8% year-on-year. Back in 2020 it was €659/month, a 9.7% increase over 4 years. Provincial average (Málaga): €712/month.
Idealista
Rental flats in Torremolinos →
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National market context
National rank
#186
out of 748 municipalities
vs Andalucía
+155€
region avg: €568
Trend vs Spain
+1.5%
avg: 2.3%
Trend vs region
+2%
region avg: €1.8
Torremolinos ranks 186 out of 748 municipalities in the INE rent price index. It is 27% above the Andalucía average (€568/month).
Rent price evolution
Estimated monthly rent in Torremolinos (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
13.845€
per year · INE Atlas
Average household income
33.655€
per year
Rent-to-income ratio
62.7%
of per capita income
Average gross salary
26.090€
per year · Andalucía
Rent-to-salary ratio
33.3%
of annual gross salary
The national average effort is 55.4% of per capita income. Torremolinos is 7 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Andalucía average.
Registered unemployment
Estimated unemployment rate
14%
of estimated active population
Registered unemployed
4,170
people
Annual change
-9.3%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
How much do you need to earn to live in Torremolinos?
With rent at €723/month, the recommended salary (30% rule) is €42,500 gross/year.
Recommended salary
42,500€
gross / year
Rent
723€
/ month
Real avg income
13,845€
net / year
Enter your gross annual salary to see what rent in Torremolinos means for your budget.
What would a mortgage cost in Torremolinos?
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 Torremolinos, saving that amount would take around 4.3 years.
What does it cost to live in Torremolinos?
Rent is €723/month. With average food, transport and utilities, the estimated cost of living is €1,493/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 | 124.731 | 723€ |
| 2022 | 120.126 | 697€ |
| 2021 | 115.713 | 671€ |
| 2020 | 113.669 | 659€ |
Frequently asked questions
How much does it cost to rent in Torremolinos?
The estimated rent in Torremolinos is €723/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Torremolinos?
Rent in Torremolinos has risen by 3.8% compared to the previous year, per the INE IPVA index.
Is Torremolinos expensive to rent compared to the national average?
Yes, rent in Torremolinos (€723/month) is 12% above the national average (€648/month).
How much do you need to earn to live in Torremolinos?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €29000 net per year to live in Torremolinos with a rent of €723/month.
What would a mortgage cost in Torremolinos?
For an estimated property price of €145,000 in Torremolinos (based on current rent of €723/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).
Málaga province
View all municipalities and compare prices
Other municipalities in Málaga
Municipalities with similar rent
Municipalities in Spain with a similar rent to Torremolinos (±10%)
More affordable options in Andalucía
Municipalities in Andalucía with lower rent than Torremolinos
Want to compare Torremolinos 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: 29901