Drago Canarias warns that the average price to rent a room in a shared apartment in the archipelago is already at 514 euros, around 509 in Lanzarote. This is the main conclusion of a report prepared by the organization based on information provided by the main real estate and rental portals.
The report, entitled Detailed Analysis of Room Rentals in the Canary Islands, argues that on all the islands the average price of a room exceeds 500 euros, with the exception of El Hierro and La Gomera, which do not have any offers, with Fuerteventura being the island with the highest price (566 euros) and Gran Canaria having the lowest price within an upward trend (503 euros).
At the time of preparing the report, dated May 2025, there were 982 rooms available for rent throughout the Canary Islands, of which only two rooms cost less than 200 euros; which means that only 0.2% of the rooms for rent in the Archipelago are below this threshold.
The person in charge of presenting this report was the Head of Organization and Confidentiality of Drago Canarias, Héctor Morán, who highlights that “we currently pay for a room in a shared apartment what we paid just four years ago for an entire apartment, but with the second lowest salaries in the entire State.”
In this sense, Morán points out that “young people and students are the main victims of this situation” and stressed that “many of them are even having to stop studying because they cannot afford the price of the rooms and they also cannot find a place in university residences.”
And in turn, Morán comments that “this exorbitant price of rooms is a generator of vulnerability in itself,” explaining that “anyone without a family network who becomes unemployed or homeless, for whatever reason, cannot access a room at any given time, much less if they have to assume extra expenses such as the deposit.”
“We need to intervene in the housing market —Morán continued—, the idea that the market regulates itself is a mantra and I refer to the facts,” to which he added that Drago Canarias is committed to “limiting the price of rents, mobilizing empty homes and regulating vacation homes as basic pillars from which to continue proposing measures to address the housing crisis.”
Other conclusions of the report
The report “Detailed Analysis of Room Rentals in the Canary Islands” also reveals that more than one in three rooms in shared apartments costs between 400 and 500 euros, or that there are up to 15 rooms above 800 euros compared to the two available for less than 200 euros.
Regarding the average price per room for each island at the time of preparing the report, in Fuerteventura it amounts to 566 euros, in Tenerife to 522, in La Palma to 511, in Lanzarote to 509 and in Gran Canaria to 503.
