Authored by the expert who managed and guided the team behind the Spain Property Pack
Yes, the analysis of Ibiza's property market is included in our pack
Ibiza's rental market in 2026 is shaped by intense seasonal demand, limited supply, and some of Spain's highest rents.
This blog post covers current residential rents in Ibiza, from studios to 2-bedrooms, and we constantly update it with the latest market data.
We also break down which neighborhoods command premium rents, what tenants want, and what costs landlords should expect.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Ibiza.
Insights
- Ibiza rents average €25 per square meter monthly in January 2026, but premium waterfront areas like Marina Botafoc reach €30, making location the biggest price lever.
- A correctly priced Ibiza apartment typically rents within 14 days, dropping to 7 days or less in high-demand areas like Can Misses or Figueretes.
- Ibiza's vacancy rate for long-term rentals sits at roughly 1.5% in winter and approaches zero as summer nears, reflecting extreme supply constraints.
- Rent growth in Ibiza for 2026 is projected at 4% to 8%, though some neighborhoods saw double-digit increases in 2025, with Sant Antoni up over 20%.
- Spain's rent update index caps how much landlords can raise rents on existing contracts, pushing many owners toward fewer, higher-priced new listings.
- Furnished apartments dominate Ibiza's rental market because seasonal workers and expats need move-in-ready homes without buying furniture.
- Air conditioning and parking boost Ibiza rents most, especially in Ibiza Town where summer heat and limited street parking create daily friction.
- Peak rental demand in Ibiza hits April through June when seasonal workers secure housing ahead of summer contracts.
- The IBI property tax rate in Ibiza Town is 0.68% of cadastral value, so a €120,000 cadastral value costs about €816 yearly.
- Non-resident landlords in Ibiza must file rental income through Modelo 210, and many unknowingly use the wrong procedure.
Fact-checked and reviewed by our local expert
Daniel Rouquette 🇫🇷
CEO & Co-Founder at Villa Finder
What are typical rents in Ibiza as of 2026?
What's the average monthly rent for a studio in Ibiza as of 2026?
As of early 2026, the average monthly rent for a studio in Ibiza is around €950 ($1,000 USD), based on a typical 30 square meter unit on a long-term contract.
Most studios in Ibiza rent between €800 and €1,400 monthly ($840 to $1,470 USD), depending on location and condition.
Key factors affecting studio rents in Ibiza include proximity to Ibiza Town, air conditioning and parking availability, the season, and whether the listing is truly long-term or a winter let before tourist season.
What's the average monthly rent for a 1-bedroom in Ibiza as of 2026?
As of early 2026, the average monthly rent for a 1-bedroom apartment in Ibiza is approximately €1,250 ($1,310 USD), based on a typical 50 square meter unit.
Most 1-bedroom apartments in Ibiza rent between €1,100 and €1,500 monthly ($1,155 to $1,575 USD), depending on neighborhood and features.
The cheapest 1-bedroom rents in Ibiza are in Sant Antoni or inland Santa Eulària, while the highest are in Marina Botafoc, Talamanca, and Dalt Vila.
What's the average monthly rent for a 2-bedroom in Ibiza as of 2026?
As of early 2026, the average monthly rent for a 2-bedroom apartment in Ibiza is around €1,800 ($1,890 USD), based on a typical 75 square meter unit.
Most 2-bedroom apartments in Ibiza rent between €1,600 and €2,200 monthly ($1,680 to $2,310 USD), depending on parking, outdoor space, and proximity to Ibiza Town.
The cheapest 2-bedroom rents in Ibiza are in Sant Antoni's residential streets and quieter Santa Eulària, while the priciest cluster around Marina Botafoc, Talamanca, and Ibiza Town's waterfront.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Ibiza.
What's the average rent per square meter in Ibiza as of 2026?
As of early 2026, the average rent per square meter in Ibiza is approximately €25 monthly ($26 USD), a blended average across long-term residential listings.
The range across Ibiza neighborhoods runs from €22 to €30 per square meter monthly ($23 to $32 USD), with lower figures inland and higher on the waterfront.
Ibiza's rent per square meter is significantly higher than mainland cities like Valencia or Seville, and roughly matches Barcelona's priciest districts, reflecting the island's supply constraints.
Features that push rent above average in Ibiza include sea views, waterfront proximity, parking, modern air conditioning, and terraces.
How much have rents changed year-over-year in Ibiza in 2026?
As of early 2026, long-term residential asking rents in Ibiza have increased approximately 6% compared to January 2025, though some micro-markets saw sharper rises.
Key factors driving Ibiza rent changes this year include persistent supply shortages, strong seasonal worker inflows, tourism pressure, and limited new construction.
This year's rent increase is more moderate than 2025, when areas like Sant Antoni saw double-digit growth exceeding 20%, partly because Spain's rent index now caps increases on existing contracts.
What's the outlook for rent growth in Ibiza in 2026?
As of early 2026, rent growth in Ibiza is projected between 4% and 8%, with the strongest increases in supply-constrained areas near Ibiza Town.
Key factors influencing Ibiza rent growth include seasonal worker influx before summer, sustained tourism demand via airport arrivals, and housing supply that cannot expand fast enough.
Neighborhoods expected to see the strongest rent growth in Ibiza include Can Misses and Figueretes in Ibiza Town, plus Sant Antoni areas catching up in price.
Risks that could alter Ibiza rent projections include changes to Spain's housing regulations, tourism drops from economic conditions, or properties shifting from tourist to long-term rental use.
Get fresh and reliable information about the market in Ibiza
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Which neighborhoods rent best in Ibiza as of 2026?
Which neighborhoods have the highest rents in Ibiza as of 2026?
As of early 2026, the three neighborhoods with the highest rents in Ibiza are Marina Botafoc-Talamanca at around €30 per square meter ($32 USD), Dalt Vila-La Marina in the old town, and Jesús in Santa Eulària municipality.
These Ibiza neighborhoods command premiums because they combine marina walkability, Mediterranean views, high-end dining and nightlife, and architectural charm that international renters seek.
Typical tenants in these high-rent Ibiza neighborhoods include affluent expats, remote workers, senior hospitality professionals, and seasonal residents wanting the island's best.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Ibiza.
Where do young professionals prefer to rent in Ibiza right now?
Young professionals in Ibiza prefer Figueretes for walkability and beach access, Playa d'en Bossa for seasonal jobs and nightlife, and Centro-S'Eixample-Can Misses for practical daily living.
Young professionals in these Ibiza neighborhoods typically pay €900 to €1,400 monthly ($945 to $1,470 USD) for a studio or 1-bedroom, depending on location and furnishing.
Features attracting young professionals include easy bike or walking access to hospitality work, beach proximity, year-round services, and social scene beyond summer months.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Ibiza.
Where do families prefer to rent in Ibiza right now?
Families in Ibiza prefer Santa Eulària des Riu town for quieter streets, Cala Llonga for its family-friendly bay, and Can Misses in Ibiza Town for school and shop access.
Families renting 2-3 bedroom apartments in these Ibiza neighborhoods typically pay €1,600 to €2,400 monthly ($1,680 to $2,520 USD).
Features attracting families include quieter streets away from nightlife, good supermarket and medical access, outdoor spaces for children, and genuine community feel year-round.
Schools near these family-friendly Ibiza neighborhoods include international schools in Santa Eulària, public schools in Can Misses, and various preschools serving year-round residents.
Which areas near transit or universities rent faster in Ibiza in 2026?
As of early 2026, the fastest-renting areas in Ibiza are central Ibiza Town around Can Misses, the Playa d'en Bossa to Sant Jordi corridor near the airport, and near the UIB university campus.
Properties in these high-demand Ibiza areas typically stay listed 7 to 10 days, versus the island average of 14 days, attracting commuters, students, and university staff.
The rent premium for properties within walking distance of transit or the university in Ibiza is €100 to €200 monthly ($105 to $210 USD) above comparable units elsewhere.
Which neighborhoods are most popular with expats in Ibiza right now?
The most popular expat neighborhoods in Ibiza are Marina Botafoc-Talamanca for luxury marina living, Jesús for proximity to Ibiza Town with a residential feel, and Santa Gertrudis for village charm.
Expats in these Ibiza neighborhoods typically pay €1,400 to €2,500 monthly ($1,470 to $2,625 USD) for a 1-2 bedroom, higher on the waterfront, lower inland.
Features attracting expats include English-speaking services, international restaurants, reliable internet for remote work, and established foreign communities.
Nationalities most represented include British, German, French, and Dutch residents, plus growing American and Scandinavian communities drawn by lifestyle and flight connections.
And if you are also an expat, you may want to read our exhaustive guide for expats in Ibiza.
Get to know the market before buying a property in Ibiza
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Who rents, and what do tenants want in Ibiza right now?
What tenant profiles dominate rentals in Ibiza?
The three dominant tenant profiles in Ibiza are local and mainland Spanish workers (especially hospitality), seasonal workers arriving for summer, and foreign residents seeking longer-term island life.
In Ibiza's market, local workers represent roughly 40% of long-term rentals, seasonal workers about 35% (varying by season), and foreign residents the remaining 25%.
These Ibiza tenant profiles seek different properties: local workers want affordable 1-2 bedrooms in practical locations, seasonal workers seek furnished studios near work, and expats prefer quality apartments with good amenities.
If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Ibiza.
Do tenants prefer furnished or unfurnished in Ibiza?
In Ibiza, approximately 70% of tenants prefer furnished rentals while 30% seek unfurnished, much higher than most mainland Spanish markets.
The rent premium for furnished apartments in Ibiza is €150 to €250 monthly ($160 to $260 USD) compared to unfurnished equivalents.
Tenants preferring furnished rentals in Ibiza include seasonal workers staying a few months, expats relocating without furniture, and remote workers on medium-term stays.
Which amenities increase rent the most in Ibiza?
The five amenities increasing rent most in Ibiza are air conditioning, private parking, outdoor terrace, sea views, and fast fiber internet.
Typical Ibiza rent premiums: air conditioning adds €100 to €150 monthly ($105 to $160 USD), parking €75 to €150 ($80 to $160 USD), terrace €100 to €200 ($105 to $210 USD), sea views €200+ ($210+ USD), and fiber internet €50 ($55 USD).
In our property pack covering the real estate market in Ibiza, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Ibiza?
The five best-ROI renovations in Ibiza are air conditioning upgrade, kitchen and bathroom refresh, window improvements, adding a second bathroom, and creating a workstation corner.
In Ibiza, A/C costs €1,500 to €3,000 ($1,575 to $3,150 USD) adding €100 to €150 monthly, kitchen/bath refresh costs €5,000 to €12,000 ($5,250 to $12,600 USD) adding €150 to €250 monthly, windows cost €2,000 to €5,000 ($2,100 to $5,250 USD) adding €50 to €100 monthly.
Poor-ROI renovations to avoid in Ibiza include luxury finishes exceeding neighborhood standards, pools without adequate outdoor space, and over-customized designs limiting tenant appeal.
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How strong is rental demand in Ibiza as of 2026?
What's the vacancy rate for rentals in Ibiza as of 2026?
As of early 2026, the vacancy rate for long-term rentals in Ibiza is approximately 1.5% in winter, dropping to nearly 0% as summer approaches.
Vacancy rates across Ibiza vary from near 0% in high-demand areas like Can Misses and Figueretes to 2% to 3% in remote locations or properties with issues.
Ibiza's current vacancy remains at historic lows because supply has not kept pace with worker and resident growth, while tourist rentals compete for the same limited stock.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Ibiza.
How many days do rentals stay listed in Ibiza as of 2026?
As of early 2026, a correctly priced rental in Ibiza stays listed approximately 14 days, though well-located properties often rent within a week.
The range spans 7 days or less in Can Misses and Figueretes to 3 to 4 weeks for overpriced or poorly maintained properties lacking air conditioning.
Days-on-market in Ibiza remains similar to last year, as tight supply and strong demand from 2025 continue into 2026.
Which months have peak tenant demand in Ibiza?
Peak tenant demand in Ibiza runs April through June when seasonal workers secure housing before summer, with a secondary peak in September for family moves.
Factors driving Ibiza's seasonal demand include the tourism industry requiring thousands of summer workers, hospitality influx from mainland Spain, and academic calendar affecting relocations.
Lowest demand months in Ibiza are November through February, though even then the market stays competitive for affordable long-term homes due to constrained supply.
Don't buy the wrong property, in the wrong area of Ibiza
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What will my monthly costs be in Ibiza as of 2026?
What property taxes should landlords expect in Ibiza as of 2026?
As of early 2026, landlords in Ibiza Town should expect annual property tax (IBI) of €600 to €1,200 ($630 to $1,260 USD) for a typical apartment, based on the 0.68% rate applied to cadastral value.
Annual property taxes in Ibiza range from €400 ($420 USD) for smaller apartments to €2,000+ ($2,100+ USD) for larger or better-located properties.
Ibiza property taxes are calculated by applying the municipal IBI rate (0.68% for urban residential) to the cadastral value, an official valuation typically below market price.
Please note that, in our property pack covering the real estate market in Ibiza, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What maintenance budget per year is realistic in Ibiza right now?
A realistic annual maintenance budget in Ibiza is €2,600 to €4,100 ($2,730 to $4,305 USD) for a 75 square meter apartment, or €35 to €55 per square meter yearly.
Maintenance costs in Ibiza range from €2,000 ($2,100 USD) for newer apartments to €6,000+ ($6,300+ USD) for older properties, especially those exposed to coastal salt air.
Ibiza landlords typically set aside 10% to 15% of annual rental income for maintenance, covering summer climate wear, heavy seasonal use, and essential A/C upkeep.
What utilities do landlords often pay in Ibiza right now?
Landlords in Ibiza commonly pay community fees, building insurance, and sometimes waste tax, while tenants typically cover electricity, water, gas, and internet.
Ibiza landlord costs: community fees run €50 to €150 monthly ($55 to $160 USD), building insurance €20 to €40 monthly ($21 to $42 USD), and waste collection €72 yearly ($76 USD) per dwelling.
Common practice in Ibiza is tenants pay consumption-based utilities, landlords handle fixed building costs, and waste tax passes through only if the contract allows.
How is rental income taxed in Ibiza as of 2026?
As of early 2026, rental income in Ibiza is taxed under Spain's IRPF for residents, but landlords renting to long-term tenants can claim 50% to 90% reductions depending on conditions.
Deductions available for Ibiza landlords include mortgage interest, IBI, community fees, insurance, repairs, property depreciation, and professional fees.
A common Ibiza-specific tax mistake is failing to distinguish resident from non-resident obligations, since non-residents must file through Modelo 210 with different rules.
We cover these mistakes, among others, in our list of risks and pitfalls people face when buying property in Ibiza.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Spain versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What sources have we used to write this blog article?
In our blog articles and market analyses in our property pack about Ibiza, we rely on the strongest methodology we can, not random numbers.
Below we've listed the authoritative sources we used, explained how we used them, and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Ajuntament d'Eivissa - IBI Ordinance | Official municipal ordinance setting IBI property tax rate in Ibiza Town. | We stated the exact IBI rate (0.68%) for urban residential property. We translated it into practical annual cost examples. |
| Ajuntament d'Eivissa - Waste Ordinance | Official fee schedule for household waste collection in Ibiza Town. | We quoted the €72 annual charge and explained payment responsibility. We clarified when landlords can pass costs to tenants. |
| INE - IRAV Rent Reference Index | Spain's official statistics agency explainer of the rent-update index. | We explained how rent increases are capped for certain contracts. We kept our 2026 outlook realistic using this definition. |
| BOE - IRAV Legal Definition | Binding legal text defining Spain's rent-update reference index. | We described how the rent cap is calculated. We distinguished new-contract rules from older contract clauses. |
| BOE - Spain Housing Law | Spain's consolidated housing law covering rental regulations. | We grounded rent regulation discussion and supply effects for 2026. We connected the framework to landlord decisions. |
| Banco de España - Rental Research | Spain's central bank, top-tier source for housing market drivers. | We described who rents and demand pressures in tourist areas. We explained why seasonal uses squeeze long-term supply. |
| Eurostat - EU Rents | EU's official statistics agency with cross-country data. | We anchored rent direction across Europe. We kept Ibiza outlook consistent with broader trends. |
| MIVAU - Housing Stock | Official national dataset on housing stock from Spain's ministry. | We used it as baseline for housing scarcity in constrained markets. We supported low vacancy estimates. |
| IBESTAT - Balearic Statistics | Official statistics institute for the Balearic Islands. | We supported demand-side context including tourism pressure. We triangulated with airport and listing data. |
| Govern Balears - Tourism Portal | Official Balearic Government portal for tourism datasets. | We explained why rentals tighten before summer. We translated patterns into fastest-renting months. |
| Aena - Airport Reports | Spain's official airport operator with standardized statistics. | We used arrivals as proxy for Ibiza's inflow pressure. We connected peak traffic to rental demand timing. |
| idealista - Eivissa Rents | Spain's largest property portal with repeatable time series. | We used per-square-meter levels and seasonal swings. We converted figures to monthly rents using realistic sizes. |
| idealista - Balearics Report | Consolidated dataset for consistent methodology comparisons. | We cross-checked neighborhood pricing differences. We ranked neighborhoods and explained price gaps. |
| AEAT - Rental Tax Guidance | Spain's tax authority guidance for rental income rules. | We stated reduction percentages (50% to 90%) and conditions. We created a practical landlord checklist. |
| AEAT - Modelo 210 | Official entry-point for non-resident income tax procedures. | We highlighted non-residents have different filing routes. We reminded to align tax status with rental approach. |
| INE - Housing Census | Official access to Spain's housing census outputs. | We grounded Ibiza's limited stock story in official statistics. We combined with listing signals for vacancy estimates. |
| UIB - Seu d'Eivissa | Official university presence shaping staff and student housing needs. | We identified education anchor creating steady demand. We mapped faster-renting areas around Ibiza Town corridors. |
Get fresh and reliable information about the market in Ibiza
Don't base significant investment decisions on outdated data. Get updated and accurate information.
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