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REVEALED: The cheapest and most expensive areas to buy or rent in Valencia

Conor Faulkner
Conor Faulkner - [email protected]
REVEALED: The cheapest and most expensive areas to buy or rent in Valencia
Valencia is consistently voted as one of the best cities in Europe in terms of cost of living, including when it comes to property prices. Photo: William Carletti/Unsplash

If you're thinking of a move to Valencia, you should know that the eastern city is starting to lose its reputation as an affordable big city. So where are the cheapest and most expensive neighbourhoods to rent or buy a home in 2023?


The Mediterranean coast, climate and diet. A city with history, charm, and bustling with life. Valencia has it all, and that is why so many foreigners make it home.

In fact, over 100,000 foreigners have made the eastern Spanish city their home in recent decades, and for good reason.

But what's the situation when it comes to renting or buying a property?

Before diving into our neighbourhood property guide, let's have a look at the big picture and see how Valencia stacks up against other Spanish cities. 

Buying a property in Valencia city in October 2023 cost an average of around €2,302/m2, according to property portal Idealista. This means that if you buy an 80/m2 apartment, it would cost you around €184,160.

While the price has gone up considerably since the same time last year - 14.1 percent, it's still much less than Spain's biggest cities Madrid (€4,064/m2) and Barcelona (€4,150/m2). 

There are still bargains to be had in Valencia if you know where to look and which neighbourhoods to concentrate your search on. 

Let's take, for example, Valencia's most expensive neighbourhood, l'Eixample, in the city centre, which on average costs €3,426/m2 to buy.

That's quite a bit more than the city-wide average but pales in comparison to the Salamanca district of Madrid (€6,824/m2) and the Sarrià-Sant Gervasi area of Barcelona (€5,572/m2).

READ ALSO: Moving to Valencia: A guide to the best neighbourhoods to live in


Valencia's overall affordability is one of the main reasons why so many foreigners have flooded the market in the last two decades.

The city was voted 7th out of 49 countries for affordable housing, according to the annual Expat Insider Survey published by InterNations which recently ranked Valencia as the third-best world for foreign residents in 2023. 

The international cost of living calculator Numbeo found that Valencianos fork out 29.6 percent of their monthly budget on paying rent.

According to Idealista, the average rent in Valencia is €12.9/m2. This means you'd be paying €1,032 per month for an 80m2 apartment. The price has gone up considerably since last year, however, 21.6 percent, so it's not as affordable as it once was. 

It's worth noting though that due to rising inflation in Spain and a lack of available properties in Valencia itself, rent and sale prices have increased. 


Where are the most and least expensive neighbourhoods in the city? 

Cheapest areas to buy a property in Valencia

According to Idealista, these are the cheapest Valencian barrios to buy as of October 2023:

- Rascanya is the cheapest place to buy an apartment in Valencia. In the north of Valencia and bordered by better-known barrios such as Benimaclet to the east, La Saïdia to the south, and Benicalap to the west, Rascanya is very affordable - on average, buyers pay around €1,589/m2.

- L'Olivereta comes in at number 2. Located in the west of the city but just a 15-minute walk from downtown, prices in L'Olivereta average out at around €1,648/m2 but it varies quite a bit within the neighbourhood itself. L'Olivereta is split up into five neighbourhoods and prices vary depending on where you are. 

An official map showing Valencia's city's neighbourhoods. Map: Valencia City Hall

- Jesús district was a historically industrial neighbourhood, and despite many years of housing shortages, prices have stayed low: buyers there pay on average €1,760/m2. However, having 5 neighbourhoods, prices again vary depending on where you are. 

- Patraix - The fourth-cheapest neighbourhood is the family-friendly area of Patraix just 3km from the city centre, prices to buy average €1,827/m2.

- Benicalap - the fifth cheapest area in Valencia is one of its oldest. Benicalap dates back to 1238 and it even existed as a separate municipality until it was eventually annexed by the city of Valencia in the late-19th century. Located in the northern part of Valencia, Benicalap averages out at about €1,853/m2, but within the district are a few areas where prices vary quite a bit.


Cheapest neighbourhoods to rent in Valencia

- Jesús is the cheapest neighbourhood to rent in Valencia. It costs an average of €10/m2.

- L'Olivereta, the second-cheapest place to buy in the city is also quite affordable for renting at €10.5/m2.

- Rascanya comes in third place to rent in Valencia too with an average cost of €10.09/m2.

- La Saïdia is Valencia's fourth-cheapest neighbourhood, just south of Rascanya and bordering the Ciutat Vella. Here, rents average €11.70/m2.

- Algiros comes in fifth place when it comes to renting at €11.90/m2. It lies just inland from the Poblats Marítims or beach neighbourhoods and borders Benimaclet.

Renting or buying in Valencia's old town Ciutat Vella is logically more expensive. Photo: Al Elmes/Unsplash


Most expensive neighbourhoods to buy in Valencia

If money's no object to you, here's a quick breakdown of the most expensive parts to buy in Valencia.

- L’Eixample – €3,462/m2 - Upscale L’Eixample is filled with wide, leafy streets lined by department stores and posh brunch spots. Pricey, but trendy.

- Ciutat Vella – €3,184/m2 - The old town, or casco antiguo in Spanish, is stuffed to the brim with gothic cathedrals and cobblestone side streets. This is the 'heart' of Valencia, and living amongst such hustle, bustle, and history comes at a price.

- El Pla del Real – €2,947/m2 - Known by some as Valencia's nicest district, El Pla del Real is full of green spaces and parks, and is a great place to bring up kids.

- Campanar – €2,731/m2 - Campanar's canal walks and vineyards give it a village-like quality right in the middle of the city.

- Extramurs – €2,544/m2 - Bordering the old town, Extramurs central location means it's pricey and brimming with life - the barrio is home to some of Valencia's best tapas bars and is very popular with students. Top tip: visit the university's botanic garden for an escape from city life.




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