Rent price in Torrevieja
Alicante/Alacant · Comunitat Valenciana
Estimated rent · IPVA 2023
Net income
9.9k€
per capita/yr
Unemployment
13.7%
SEPE
Population
98,533
residents
Rent in Torrevieja stands at €607/month in 2023 per the INE IPVA, a +2.9% year-on-year change. Since 2020 prices have risen 7.2%, placing it €18 below the Alicante/Alacant provincial average (€625/month).
Full guide: living in Torrevieja
Monthly budget, required salary and mortgage estimate
National market context
National rank
#380
out of 753 municipalities
vs CCAA
-36€
region avg: €643
Trend vs Spain
+0.6%
avg: 2.3%
Trend vs region
-0.3%
region avg: €3.2
Torrevieja ranks 380 out of 753 municipalities in the INE rent price index. It is 6% below the Comunitat Valenciana average (€643/month).
Rent price evolution
Estimated monthly rent in Torrevieja (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
9868€
per year · INE Atlas
Average household income
24.186€
per year
Rent-to-income ratio
73.8%
of per capita income
Average gross salary
26.817€
per year · Comunitat Valenciana
Rent-to-salary ratio
27.2%
of annual gross salary
The national average effort is 55.3% of per capita income. Torrevieja is 19 points above that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Comunitat Valenciana average.
What would it cost to live in Torrevieja?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
13.7%
of estimated active population
Registered unemployed
6,451
people
Annual change
-5.4%
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 | 114.537 | 607€ |
| 2022 | 111.295 | 590€ |
| 2021 | 108.305 | 574€ |
| 2020 | 106.783 | 566€ |
Idealista
Rental flats in Torrevieja →
External link to Idealista. UrbanStatsLab may earn a commission.
Frequently asked questions
How much does it cost to rent in Torrevieja?
The estimated rent in Torrevieja is €607/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Torrevieja?
Rent in Torrevieja has risen by 2.9% compared to the previous year, per the INE IPVA index.
Is Torrevieja expensive to rent compared to the national average?
No, rent in Torrevieja (€607/month) is 6% below the national average (€648/month).
How much do you need to earn to live in Torrevieja?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €24000 net per year to live in Torrevieja with a rent of €607/month.
What would a mortgage cost in Torrevieja?
For an estimated property price of €120,000 in Torrevieja (based on current rent of €607/month), the monthly mortgage payment would be €481 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €36,000 (20% down + ~10% costs).
Alicante/Alacant province
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Other municipalities in Alicante/Alacant
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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: 03133