Young Person’s Rental Bonus Extended:

Young Person's Rental Bonus Extended: Are You Eligible for the €250 Monthly Aid?

The Spanish government has extended the Young Person’s Rental Bonus for the remainder of 2024 and all of 2025. If you’re under 35 and a mid-to-low income earner, you could benefit from this aid. Here’s what you need to know:

What is the Young Person’s Rental Bonus?

Initially introduced in 2022, this scheme provides young renters with a monthly €250 subsidy for up to two years.
The aim is to help young people in Spain move out of their parents’ homes and live independently.
Prime Minister Pedro Sánchez announced €200 million in funding to continue the program.

Why is this bonus important?

According to the Spanish Youth Council, only 16.3% of young people under 30 have moved out of their parents’ homes.
With the average salary of people under 35, renters would need to spend up to 93.9% of their income on housing costs.

Eligibility Requirements To apply for the €250 monthly aid, you must meet the following criteria:

Age: Between 18 and 35.
Income: Must have a regular income that doesn’t exceed €24,318 per year or €2,026.50 gross per month (across 12 payments).
Rent Cap: The rent must not exceed €600 per month (€300 for a room), although some regions may allow up to €900 or €450 for high-rent areas.
Residency: You must live in the rented property and cannot sublet it. You also need to be a legal resident of Spain.
Bank Account: You must have an active Spanish bank account.

Failure to meet any of these conditions will disqualify you from receiving the aid.

Who Cannot Apply?

Property owners.
Individuals living in properties owned by close family members.

How Much Can You Receive?

A maximum of €250 per month for rent payments, which cannot be used for any other purpose.

Can You Combine this Aid with Other Benefits?

Yes, the rental bonus is compatible with other state housing benefits from the 2022-2025 State Plan for Access to Housing.
If you receive other subsidies, the total assistance will be capped at 75% of your rental cost.

What About Shared Apartments?

You can apply even if you’re sharing a flat. Each eligible housemate can apply for the aid individually.
For room rentals, the rent cap is €300, although regions can increase this to €450 if necessary.

How to Apply for the Rental Bonus

Applications are managed regionally, so deadlines and processes may vary.
You can apply in person at your local housing office or online using your Digital Certificate.
Find your region’s application form through the official local government website, fill out the form, attach required documents (such as payslips and rental contracts), sign it, and submit.