Rental Prices of Apartments in Tenerife in 2023
Tenerife, as the largest of the Canary Islands, attracts many tourists and those planning to settle permanently. The attractive climate, beautiful beaches, and picturesque landscapes are not the only assets of the island. What should you know about the costs of renting an apartment in Tenerife? Here is detailed information that may help you make a decision.
Average Rental Prices Depending on Location
Rental prices in Tenerife are largely dependent on their location. The most expensive offers can be found in the island’s capital – Santa Cruz de Tenerife – as well as in popular tourist towns such as Playa de las Américas or Los Cristianos.
Estimated Prices and Example Locations
| Location | Price for a Studio (EUR/month) | Price for a 2-Bedroom Apartment (EUR/month) |
|---|---|---|
| Santa Cruz de Tenerife | 700 | 1000 |
| Playa de las Américas | 800 | 1100 |
| Puerto de la Cruz | 600 | 900 |
| Los Cristianos | 750 | 1050 |
| San Cristóbal de La Laguna | 650 | 950 |
Factors Influencing Rent Amount
When choosing an apartment in Tenerife, it is worth paying attention to various factors influencing the rental price. The standard of the apartment’s furnishings, proximity to city centers, and access to beaches and tourist attractions all matter. Prices can also vary depending on whether the apartment is rented for a short or long period. It is worth noting that prices can increase significantly in the summer season.
Comparison with Other Regions
The cost of renting apartments in Tenerife, although higher compared to the rest of the Canary Islands, is generally lower than in the largest Spanish cities. For example, in Barcelona or Madrid, prices for a studio can reach up to 1200 EUR per month, making Tenerife a more attractive option for those who want to live in Spain but are looking for a cheaper place.
Summary and Recommendations
Planning to rent an apartment in Tenerife should start with understanding the local market and accurately defining your budget. We advise paying attention to advertisements both online and in local real estate offices. It is also worth considering renting outside typical tourist seasons to get better prices. Tenerife offers a wide range of possibilities, and a well-thought-out choice of location and type of apartment will certainly allow you to enjoy this beautiful place without overburdening your wallet.
