Finding an apartment in Gibraltar can be challenging due to limited space and high demand. This guide covers everything you need to know about the rental market.
## Gibraltar Rental Market Overview
Gibraltar is just 6.7 square kilometres with a population of around 34,000. This creates a competitive rental market with:
- High demand, especially for quality properties
- Limited new construction
- Premium prices compared to nearby Spain
- Long waiting lists for government housing
## Average Rental Prices (2025)
Expect to pay approximately:
- **Studio/1 bedroom:** £1,200 - £1,800/month
- **2 bedroom apartment:** £1,500 - £2,500/month
- **3 bedroom apartment:** £2,200 - £3,500/month
- **Luxury properties:** £3,500 - £6,000+/month
Prices vary significantly based on location, condition, and sea views.
## Best Areas to Live
**Town Area / Main Street** — Central location, walking distance to shops, restaurants, and offices. Older buildings but convenient lifestyle.
**Europort** — Modern development near the marina. Popular with professionals working in finance and gaming. Good amenities nearby.
**Ocean Village** — Waterfront living with restaurants, bars, and marina views. More expensive but excellent lifestyle location.
**Westside** — Quieter residential area. Good for families. Mix of older and newer properties.
**South District (Europa Point area)** — Less central but more peaceful. Some properties have stunning sea views.
**Mid-Town / Governor's Street area** — Central but residential. Good balance of location and tranquility.
## How to Find Rental Properties
**Estate Agents:**
- BMI Group: https://www.bmigroup.gi
- Chestertons Gibraltar: https://www.chestertons.gi
- Properties Gibraltar: https://www.propertygibraltar.com/
- Savills Gibraltar: https://www.savills.gi
**Online Platforms:**
- GiBoard.gi (local classifieds)
- Facebook groups ("Gibraltar Property Rentals")
**Tips:**
- Properties go quickly — be ready to act fast
- Good properties may not be advertised publicly
- Register with multiple agents
- Check listings daily
## What to Expect in a Rental
Most Gibraltar rentals include:
- Unfurnished or furnished options
- Air conditioning (essential for summer)
- Access to communal areas in apartment blocks
Usually NOT included:
- Utilities (electricity, water)
- Internet and TV
- Parking (often extra or limited)
## Documents Needed
Landlords typically require:
- Proof of employment in Gibraltar
- Recent payslips or employment contract
- References from previous landlords
- Copy of passport and Gibraltar ID
- Deposit (usually 2 months' rent)
## Understanding Rental Contracts
Standard contracts include:
- **Minimum term:** Usually 12 months
- **Notice period:** 1-2 months
- **Deposit:** 1-2 months (held by landlord)
- **Rent increases:** Usually annual, tied to inflation
Read contracts carefully. Consider having a lawyer review before signing.
## Utilities and Bills
Budget for monthly utilities:
- Electricity: £100-200 (higher in summer with AC)
- Water: £30-50
- Internet: £40-60
- Building management fees: Varies
## Tips for Renters
1. Start looking 1-2 months before you need to move
2. Visit properties in person when possible
3. Check water pressure, AC, and appliances
4. Ask about parking arrangements
5. Understand what happens at contract end
6. Take photos of the property condition at move-in
7. Get everything in writing
## Alternative: Living in Spain
Many Gibraltar workers live in La Línea or nearby Spanish towns:
- Much lower rent (€600-1,000 for 2 bedroom)
- Daily border crossing required
- Different lifestyle and language
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