Rent price in Tres Cantos
Madrid · Comunidad de Madrid
Estimated rent · IPVA 2023
Net income
23.1k€
per capita/yr
Unemployment
4.8%
SEPE
Population
54,592
residents
According to INE IPVA data, estimated rent in Tres Cantos is €976/month in 2023 — +1.8% year-on-year. Back in 2020 it was €931/month, a 4.8% increase over 4 years. Provincial average (Madrid): €1002/month.
Full guide: living in Tres Cantos
Monthly budget, required salary and mortgage estimate
National market context
National rank
#47
out of 753 municipalities
vs CCAA
-26€
region avg: €1002
Trend vs Spain
-0.5%
avg: 2.3%
Trend vs region
-0.5%
region avg: €2.3
Tres Cantos ranks among the 50 most expensive municipalities in Spain (position 47 of 753).
Rent price evolution
Estimated monthly rent in Tres Cantos (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
23.133€
per year · INE Atlas
Average household income
67.752€
per year
Rent-to-income ratio
50.6%
of per capita income
Average gross salary
34.410€
per year · Comunidad de Madrid
Rent-to-salary ratio
34%
of annual gross salary
The national average effort is 55.3% of per capita income. Tres Cantos is 5 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Comunidad de Madrid average.
What would it cost to live in Tres Cantos?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
4.8%
of estimated active population
Registered unemployed
1,379
people
Annual change
+2.6%
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 | 114.775 | 976€ |
| 2022 | 112.789 | 959€ |
| 2021 | 110.558 | 940€ |
| 2020 | 109.505 | 931€ |
Idealista
Rental flats in Tres Cantos →
External link to Idealista. UrbanStatsLab may earn a commission.
Frequently asked questions
How much does it cost to rent in Tres Cantos?
The estimated rent in Tres Cantos is €976/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Tres Cantos?
Rent in Tres Cantos has risen by 1.8% compared to the previous year, per the INE IPVA index.
Is Tres Cantos expensive to rent compared to the national average?
Yes, rent in Tres Cantos (€976/month) is 51% above the national average (€648/month).
How much do you need to earn to live in Tres Cantos?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €39000 net per year to live in Tres Cantos with a rent of €976/month.
What would a mortgage cost in Tres Cantos?
For an estimated property price of €195,000 in Tres Cantos (based on current rent of €976/month), the monthly mortgage payment would be €781 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €58,500 (20% down + ~10% costs).
Madrid province
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Other municipalities in Madrid
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Municipalities in Spain with a similar rent to Tres Cantos (±10%)
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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: 28903