Sorello Guides

What a flat in Elche really rents for

A flat in Elche rents at a reference of 5,45 €/m², cheap enough that the condition of the property, not its price, is what you are really choosing between. Five years have added 31,7 % to the reference, well ahead of general inflation. With 9.481 declared leases behind it, the quartiles are stable from year to year.

Rents declared on income-tax returns for main-residence leases, not asking prices. They lag the market and exclude holiday lets.

A sense of scale

Ranked against its neighbours in Alicante, it holds the second highest population of the group.

Taking every municipality covered here together, the number of declared leases is in the second-dearest twentieth.

On five-year change in the reference rent it is the eighth highest of the Alicante municipalities this guide covers.

Measured against the whole batch, that share of main homes that are rented sits in the third-cheapest twentieth.

How it ranks

Among the Alicante towns and cities covered here, it records the eleventh highest median floor area of a let flat.

Taking every municipality covered here together, the reference rent per square metre is in the band just above the bottom quarter.

Within Alicante, that is the twelfth lowest lower-quartile rent per square metre among the municipalities this guide covers.

Country-wide, that upper-quartile rent per square metre is one of the band just above the bottom quarter.

The comparison that matters

Ranked against its neighbours in Alicante, it holds the thirteenth lowest median declared monthly rent of the group.

Taking every municipality covered here together, the share of dwellings that are not a main residence is in the band just above the middle.

Check a quoted rent against the reference

Five years have added 31,7 % to the reference, well ahead of general inflation.

Elche flats run large: the median declared area is 93 m².

What the reference implies for a flat of a given size, per month
Floor areaAt the lower quartileAt the medianAt the upper quartile
55 m²232 €300 €391 €
75 m²316 €409 €533 €
100 m²421 €545 €710 €

The floor areas are round illustrative sizes used to show the arithmetic, not measurements of any particular flat.

The reference figures, and how far apart they sit

4,21 €/m² against 7,10 €/m² is a wide spread: in Elche the same nominal flat means very different things.

With 9.481 declared leases behind it, the quartiles are stable from year to year.

Declared rents for flats: rent per square metre a month, unless stated
MeasureValue
Lower quartile4,21 €/m²
Median5,45 €/m²
Upper quartile7,10 €/m²
Median monthly rent482,50 €
Median floor area93 m²

Who rents here

12,25 % of main homes in Elche are rented, below the national pattern.

23,76 % of the stock is not a main residence, a normal share for a town people live in year-round.

Related guides

Sources and licences