Rent prices in Spain continue to rise: according to data from the Fotocasa Real Estate Index, the average price in our country has reached €1,150 per month, the highest recorded to date. In Madrid, in particular, they have risen by 4.8% compared to January, 1% compared to 2025, and the city continues to lead the ranking as the autonomous community with the most expensive rent per square meter: €21.17/m²per month. Despite this, there are five municipalities where, surprisingly, rental prices have fallen sharply.
The study, which includes data from 19 municipalities in Madrid (including the capital), shows a negative year-over-year change—that is, a decline in rent prices—in eight of them, but this decline is truly significant in only five.
Fuenlabrada is the municipality in Madrid where rents have fallen the most year-over-year, recording a decline of 18.3%. It is followed by Majadahonda (11.3%), Alcobendas (10.8%), Getafe (8.4%), and Torrejón de Ardoz (8.2%).
If we look at the monthly variation, residents of Fuenlabrada continue to see the sharpest drop in monthly rent from one month to the next, with a 13.7% decline. Torrejón de Ardoz follows closely behind with a 13.3% drop, and, in order, the following municipalities:
- Villaviciosa de Odón: -7.8%
- Las Rozas de Madrid: -7.5%
- Majadahonda: -6.9%
- Móstoles: -2.9%
A sign that rental prices may be peaking
María Matos, Director of Research and spokesperson for Fotocasa, notes that although prices continue to reach historic highs in our country, at the same time“we are beginning to see a slowdown in the pace of growth”: double-digit increases are a thing of the past, and we are beginning to approach a phase of greater stability, she explains.
In fact, it continues, there are already isolated declines in cities under pressure or, failing that, very moderate increases, which it interprets as“a sign that the market could be entering a period of adjustment after four years of sharp price increases.”
The main reason for this decline is that tenants’ financial capacity is at its limit, “which reduces the margin for prices to continue rising at the same pace” and could indicate that rents are already beginning to show signs of peaking.