The Young Rental Grant has become a crucial tool to help young people access housing in Spain. As 2024 unfolds, this assistance is expected to provide financial relief for many who are seeking independence or to sustain their rent, with renewal possible depending on the autonomous community. (Source: Spanish housing program overview)
The Young Rental Grant targets individuals aged between 18 and 35. This age range seeks to cover both those taking their first steps toward independence and those already in work or study who still face housing costs in the current economic climate. (Source: program guidelines)
Eligibility for the Young Rental Grant
Prospective applicants must meet a set of criteria to qualify for the grant:
Ages: Applicants must be between 18 and 35 years old at the time of application. (Source: eligibility rules)
- Age: 18 to 35 years old at the time of the grant application.
- Income: Household income must not exceed the program’s limit, typically up to three times the IPREM. For 2024, the IPREM is set at €600 per month and adjusts based on household size and regional variations. (Source: IPREM guidance)
- Proof of employment income.
What is the amount of the Young Rental Grant?
The grant provides financial support of up to €250 per month. This aid can last a maximum of two years, provided that the conditions for eligibility remain met. In total, a recipient could receive up to €6,000, distributed as €250 each month over two years. (Source: grant terms)
Additionally, the online guidance notes that the housing cost covered must be up to €600 per month, or €300 if renting a room. The Housing Ministry website states the grant could be €900 per month in some circumstances or €450 for room rentals, subject to approval by the Monitoring Commission. (Source: Ministry of Housing)
Finally, the grant is compatible with the national plan up to 40% of the difference between rent and the grant, with a combined cap of 75% of the rent. (Source: program compatibility)
The Young Rental Grant is processed through the autonomous communities, which may contribute up to 40% of the rent based on several criteria:
- Number of people in the household
- Household income
- Local rental market conditions in the municipality or surroundings
- People with disabilities
- Other criteria
Clicking the map shows the different regulatory websites for the grant in each autonomous community. (Source: regional portals)
How to apply for the Young Rental Grant
The application process varies slightly by autonomous community due to decentralized management. Generally, applicants submit the request through the platform or body designated by their community, along with the required documents which typically include:
- National ID or Foreigner Identification Number (DNI/NIE).
- Rental contract for the dwelling for which the aid is requested.
- Income declaration from the applicant.
- Proof of residence registration; a simple service provider contract is not sufficient.
Applicants should pay attention to the submission windows for each autonomous community as deadlines vary. (Source: regional announcements)