Concealed behind the appealing offer of living in the midst of nature in the El Tanque area is a room of 25 square meters for rent at €440 per month, located within a family estate. This is the cheapest option in all of Tenerife on the renowned property website Idealista. The photos speak the truth and display a small table at the foot of the bed serving as a dining area, along with a hob integrated into a piece of furniture which also holds the television. Renting this property would also require a one-month deposit, therefore the first month’s payment amounts to €880.
The room has an independent entrance from the family home. The best feature, according to the ad itself, is the access to the garden area and the views of Mount Teide, as they acknowledge that the studio lacks storage space. The spacious bathroom mentioned includes a sink, a shower, and a toilet, all within a few square meters. It is recommended for a single person and for long-term rental, even if it is only used “to enjoy leisure time on weekends”. This cheapest option on the island is an hour’s drive from the capital, Santa Cruz.
Currently, the price per square meter in the province of Santa Cruz de Tenerife stands at €12.8. A figure that has seen a 20% increase compared to the previous year in March and a 5% rise compared to December of the same year. Only a four-month difference. Canary Islands, behind Madrid, Catalonia, and the Balearic Islands, is the fourth Autonomous Community with the highest price per m², on par with the Basque Country.
The television and the stove in one of the images posted on Idealista / Idealista
Adeje and Arona: The Priciest Municipalities
The price in the western province (€12.8 per m²) is slightly lower than that in Las Palmas (€13.6 per m²). Renting in Adeje and Arona, in the south of Tenerife, has an average cost of €17 per square meter. In this context, the website lists barely 15 properties below €800 per month between the two municipalities, with several options intended only for short periods.
Tourist areas such as Puerto de la Cruz or Adeje are among the most expensive to live in. Specifically, Costa Adeje takes the crown, with an average of €19 per square meter. There, a 50 m² apartment would cost around a thousand euros.
The preference for temporary tourist occupancy is compounded by the high costs of renting or buying a property. As a result, Canary Islanders working in the tourism sector and seeking accommodation in the vicinity find access to decent housing increasingly challenging and opt for other alternatives. Some examples include rooms in shared flats, caravans, or relocating to more remote and rural areas like El Tanque, where for €440, one can have 25 square meters in a family-owned property with views of Mount Teide.
