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Las Palmas and Santa Cruz Among Most Expensive Cities for Rent

Both Canary Islands capitals allocate over 30% of average family income to rent, according to a study.

Split image: hand with keys in front of building and housing cost graph.
IA

Split image: hand with keys in front of building and housing cost graph.

Las Palmas de Gran Canaria and Santa Cruz de Tenerife are among the Spanish provincial capitals where the proportion of net family income allocated to housing rental is highest.

Las Palmas de Gran Canaria ranks eighth nationally, dedicating 31% of average family income to rent, while Santa Cruz de Tenerife is ninth with 30%. Both island capitals exceed the 30% threshold considered a recommended effort by specialists for renting a two-bedroom property.
Only Barcelona (41%), Palma de Mallorca (40%), Málaga (39%), Valencia (38%), Madrid (38%), Alicante (35%), and Segovia (34%) show higher expenses. The study, conducted by the real estate portal Idealista using data from the first quarter of 2026, analyzes over 1,100,000 listings.
In contrast, Jaén, Ciudad Real, Melilla, and Huesca are the capitals with the lowest effort to access rental housing, requiring only 19% of family income. They are closely followed by Palencia, Teruel, and Cáceres with 20%.
At the provincial level, Santa Cruz de Tenerife ranks sixth with 36% of salary allocated to rent, and Las Palmas seventh with 35%. Only the provinces of Málaga (49%), Balearic Islands (45%), Barcelona (38%), Madrid (37%), and Valencia (37%) record a higher economic effort.
Regarding home purchases, Palma, Málaga, San Sebastián, and Madrid exceed the recommended 30% effort. In the islands, Santa Cruz de Tenerife registers 24% and Las Palmas de Gran Canaria 23%.
The cities with the lowest effort to acquire a home are Lleida, Melilla, and Huesca, requiring 12% of family income. Provincially, the Balearic Islands and Málaga lead with 43%, followed by Santa Cruz de Tenerife (34%), Alicante (29%), Madrid (26%), and Las Palmas (26%).

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