Puerto de la Cruz Is the Cheapest Canary City for a Beach Rental This Summer

Let’s be honest: a summer holiday right by the beach sounds wonderful, but the prices can be frightening. Especially when you look at the Spanish costas, where a week in a simple seaside flat can easily top €1,500. So when a fresh report lands on our desk showing a Canary Island gem where you can still rent a beach apartment for around €750 a week, we sit up and take notice.

That gem is Puerto de la Cruz, the much-loved coastal town on Tenerife’s lush northern shore. According to a new valuation study by Tecnitasa, quoted by the Spanish daily ABC, Puerto de la Cruz is officially the cheapest place in the entire Canary archipelago to rent a typical beach apartment this summer. And the difference compared with other island hotspots is striking.

What the Tecnitasa report actually says

The valuation company Tecnitasa has crunched the numbers for summer 2026 holiday rentals across Spain. Their focus: a classic beach apartment of roughly 45 square metres, the kind of place couples or small families book for a week or two of sun, sand and saltwater. For Puerto de la Cruz, the average weekly price comes out at about €750.

That figure alone sounds pretty good. But it becomes even more impressive when you place it in context. The national average for a comparable beach apartment in Spain this summer sits at around €1,353 per week – a sum that has climbed by 6.5 percent compared with last year. So Puerto de la Cruz clocks in at almost half the Spanish average. Not bad for a destination with black-sand beaches, natural seawater pools designed by César Manrique, and a historic old town full of Canarian character.

Puerto de la Cruz vs Mogán: a tale of two islands

Within the Canary Islands, the price spread is equally eye-opening. The same Tecnitasa study identifies Mogán, on Gran Canaria’s sunny south coast, as the most expensive beach-apartment location in the archipelago. There, you can expect to pay around €1,000 per week for a similar 45-square-metre flat near the water.

So choosing Puerto de la Cruz over Mogán could save you roughly €250 per week – money that might cover a few nice dinners, a whale-watching trip or a rental car to explore Tenerife’s volcanic interior. Of course, the two towns offer very different vibes. Mogán, with its marina and consistently warm southern climate, has a polished, yacht-friendly feel. Puerto de la Cruz is greener, a little more traditional, and blessed with the kind of authentic neighbourhood life that many travellers crave. The lower price is a bonus, not a compromise.

What you get for around €750 a week

The Tecnitasa study defines the typical rental as a beach apartment of about 45 square metres. Think of a comfortable one-bedroom flat with a living area, a small kitchen and, ideally, a balcony or terrace where you can enjoy your morning coffee with an ocean breeze. While the report doesn’t specify exact amenities like pools or parking, Puerto de la Cruz has a wide range of holiday flats, from simple studios in traditional buildings to modern complexes with shared pools.

It’s worth remembering that this is a summer peak-season price. Outside July and August, weekly rates can dip even lower, and long-term monthly rentals often offer even better value. The town itself is wonderfully walkable, with the famous Lago Martiánez pools, the old fishing harbour and the botanical gardens all within easy strolling distance. You don’t need a car to feel like you’re on holiday here.

Why the Canaries remain a bargain compared with mainland Spain

Zooming out from the Tecnitasa figures, broader data from holiday-home portals confirms that the Canary Islands as a whole are among Spain’s most affordable regions for summer stays. Average nightly prices across the islands hover around €104, according to Holidu data cited by Canarian Weekly. That’s well below the national average of about €172 per night for holiday homes.

Within the archipelago, there are further nuances. Island-wide averages show El Hierro and La Gomera at roughly €90 per night, Fuerteventura at about €93, Tenerife as a whole around €95, Gran Canaria at €107 and Lanzarote at roughly €113. These are portal-wide averages, not the specific Tecnitasa municipal case studies, but they paint a consistent picture: the Canaries offer genuine value, and Puerto de la Cruz sits right at the sweet spot of that value curve.