Andorra Rental Crisis: Only 117 Apartments Amid €2,832 Average Rents

Andorra's residential rental market remains severely constrained, with just 117 apartments listed for rent nationwide on Pisos.ad during the second quarter of 2026, pushing average monthly rents to €2,832.74. The portal's latest report, covering April to June, highlights this persistent supply shortage against 796 properties available for sale, maintaining upward pressure on prices despite some recent moderation.

Rental apartments average 105.15 square metres, equating to €26.94 per square metre. Houses for rent, with an average size of 337.58 square metres, command €6,605.26 monthly. In contrast, the sales market shows apartments averaging €965,976.56 for 120.35 square metres—nearing €1 million—while houses average €2,896,255.32 across 502.53 square metres.

Escaldes-Engordany dominates as the priciest parish in both rental and sales segments. Apartments there rent for an average €3,798.75 monthly and sell for €1,223,458.63, or €9,551.87 per square metre. El Vilar, within Escaldes-Engordany, tops the per-square-metre sales value at €9,900.96, followed closely by the parish centre (€9,551.87), el Serrat (€9,198.11), and Escàs (€9,166.67). Andorra la Vella (€7,855.12 per square metre) and Ordino (€7,849.77) trail in the central area.

At the lower end, Encamp offers the most affordable options, with rentals at €1,328.33 monthly and sales at €512,949.59. Sant Julià de Lòria follows, with €1,650 average rents and €574,090.91 sales prices. Other budget areas include Ordino (€1,987.50 rentals) and Canillo (€2,538.95).

The report underscores a stark imbalance, with rental listings dwarfed by sales inventory. Per-square-metre rental rates also peak in Escaldes-Engordany (€30.73), while sales values exceed €8,000 per square metre nationally for the quarter—the highest recently recorded. Data reflects only properties listed on Pisos.ad, providing a snapshot of market trends.