The rental market in Spain will continue to reduce its housing supply in 2026. According to the latest edition of the Rental Barometer for the third quarter, prepared by the Rental Observatory of the Alquiler Seguro Foundation, a drop of 7,705 properties (-2.27%) is expected, which will leave the available stock at 676,215 homes.
Although this decline will be milder than that of 2025, when the supply fell by 4.7%, the study warns that the availability of residential rental housing continues to not reach a point of equilibrium and shows no clear signs of stabilization.
The document also notes that the demand pressure in the third quarter stood at a state average of 133 interested parties per property during its first ten days on the market. This figure represents a slight moderation compared to the 143 interested parties from the previous quarter, but it still remains above the 135 recorded at the end of the previous year.
Barcelona concentrates the highest demand pressure
By territories, Barcelona leads in demand pressure, with 401 people interested in housing, ahead of Vizcaya (179), Balearic Islands (159), Álava (157), Guipúzcoa (142), Zaragoza (133), Madrid (120), Tarragona (115), Santa Cruz de Tenerife (111), Las Palmas (109), Girona (104), and Málaga (101).
All these provinces comfortably exceed the threshold of 100 interested parties per property, far from the 15 contacts that the study marks as a reference for a balanced market.
In contrast, Valencia records 97 interested parties (compared to 138 from the previous quarter), A Coruña remains at 85, Seville drops to 76, Lleida stands at 61, Navarra at 53, and Alicante at 50.
In provinces close to Madrid such as Guadalajara (77) and Toledo (76), a reduction in the number of interested parties is also observed compared to the previous quarter (93 and 90, respectively). The Observatory links this behavior to processes of delocalization and the search for residential alternatives.
Demand pressure ranges between 25 and 50 interested parties in areas such as Murcia (45), Huelva (43), Cádiz (41), Castellón (38), Valladolid (36), Ceuta (35), Asturias (34), Burgos (33), and Melilla (26).
At the opposite end, the report points to levels considered normal in the rest of the provinces: Salamanca (24), Albacete (23), Pontevedra (23), Cantabria (21), Ciudad Real (20), La Rioja (19), Granada (18), Córdoba (18), Palencia (18), Badajoz (18), Lugo (18), León (17), Soria (17), Teruel (16), Huesca (16), Almería (16), Zamora (16), Cuenca (16), Segovia (15), Ávila (14), Cáceres (14) and Ourense (14).
The average rent rises to 1,214 euros
In terms of prices, the average rent in Spain stood at 1,214 euros in the third quarter. This amount implies a slight increase of almost 0.25% compared to the previous quarter (1,211 euros) and a rise of 2.27% compared to the end of 2025 (1,187 euros).
The provinces with the highest average rents are Balearic Islands (1,681 euros), Barcelona (1,641 euros) and Madrid (1,639 euros). Following are Guipúzcoa (1,481 euros), Málaga (1,316 euros), Vizcaya (1,308 euros), Santa Cruz de Tenerife (1,240 euros), Las Palmas (1,183 euros), Valencia (1,171 euros), Alicante (1,039 euros), Álava (1,034 euros) and Navarra (1,027 euros).
On the contrary, only 14 provinces present an average price below 700 euros per month: Almería (690 euros), León (676 euros), Palencia (675 euros), Ourense (653 euros), Cuenca (648 euros), Lugo (646 euros), Ávila (644 euros), Huesca (638 euros), Cáceres (609 euros), Badajoz (610 euros), Ciudad Real (602 euros), Zamora (602 euros), Jaén (595 euros) and Teruel, which records the lowest rent in the country with 564 euros.
The report highlights the stability of prices in the province of A Coruña, with (785 euros). According to the Observatory, this behavior is due to a decrease in the number of rentals in the municipality of A Coruña —where higher rents are concentrated— after its declaration as a tense area, which statistically compensates the provincial average without actually lowering access to housing for tenants.