Is Tenerife Expensive? A Complete Guide to Costs and Budgeting for Your Trip

You’ve been dreaming about Tenerife.

The golden beaches, the eternal spring weather, the thought of sipping a cold cerveza while watching the sun set behind Mount Teide.

But then, the question hits you—Is Tenerife expensive?

Some say it’s a budget-friendly paradise. Others compare it to Monaco (yes, really). The truth? It depends on how you travel, where you stay, and what kind of experience you’re looking for.

Let’s break it down.

Is Tenerife Expensive? Breaking Down the Costs

Here’s the deal.

Tenerife can be expensive. But it can also be surprisingly affordable. It all depends on your choices.

A week in Tenerife could cost you anywhere between €400 and €2,000, depending on whether you’re backpacking, splurging on luxury, or something in between.

Tenerife vs Other European and Global Destinations

Let’s put things into perspective.

See? Tenerife sits somewhere in the middle—cheaper than most of Western Europe but pricier than Southeast Asia.

But why?

Factors That Affect Travel Costs in Tenerife

Not all Tenerife trips are created equal. These are the main things that will make or break your budget:

1. Seasonality – December to March? Peak season. Prices skyrocket. May to September? Cheaper.
2. Location – Santa Cruz and La Laguna are cheaper than Costa Adeje and Los Cristianos.
3. Accommodation Choice – Hotels vs. hostels vs. Airbnbs. Huge price difference.
4. Dining Habits – Fancy restaurants vs. local guachinches.
5. Transport – Renting a car vs. public buses.

Is Tenerife Expensive for Tourists or Just for Residents?

Tourists often get the illusion that Tenerife is cheap—until they realise that prices vary drastically depending on where they go.

• Tourist hotspots? Overpriced drinks, €20 pizzas, €8 coffees.
• Local spots? €1 espressos, €10 menus of the day, €3 beers.

For residents, the story is different. Renting a flat in Los Cristianos can cost €800+ per month, while in La Laguna, you can find places for €500.

So, is Tenerife expensive?

For some, yes.

For others? A budget-friendly escape.

Accommodation Options: From Budget to Luxury

Tenerife has it all—cheap hostels, beachfront villas, and everything in between.

But here’s the thing: location is everything.

Stay in a touristy area, and you’ll pay premium rates. Stay in a local neighbourhood, and you’ll save a fortune.

Average Rental Prices Across the Island

Let’s talk numbers.

You get the idea.

A week-long stay in Tenerife can range from €300 to €2,000+, depending on your preferences.

Holiday Rentals vs Hotels: Which is More Affordable?

It depends.

• Travelling as a couple? A hotel might be the way to go.
• Staying for a month? Holiday rentals or Airbnbs make more sense.
• Solo traveller? Hostels or budget guesthouses will save you a fortune.

Best Areas to Stay in Tenerife (for Every Budget)

If you’re looking to save money, consider these areas:

• Santa Cruz de Tenerife – Cheaper long-term rentals, local food, fewer tourists.
• La Laguna – Affordable, university town, great food scene.
• Puerto de la Cruz – Balanced prices, mix of locals and tourists.

If you want luxury, look at:

• Costa Adeje – Five-star resorts, high-end restaurants, beachfront villas.
• Los Cristianos & Playa de las Américas – Popular tourist hubs, high accommodation costs.

Dining in Tenerife: What to Expect

Food can either drain your wallet or be one of the most affordable aspects of your trip.

Best Budget-Friendly Restaurants

Want to eat well without spending a fortune? Stick to local guachinches—family-run restaurants serving traditional Canarian dishes.

• Menu del día (set lunch menu): €10 – €15 (includes starter, main, drink, and dessert).
• Local beer (Dorada or Tropical): €1 – €3.
• Tapas in a casual bar: €3 – €6 per dish.

Cheap, delicious, authentic.

Supermarkets & Farmer’s Markets

If you’re staying in an Airbnb or long-term rental, shopping at Mercadona, Lidl, or Hiperdino will save you money.

• Bread: €1
• Cheese: €3 – €5
• Fresh fruit & veggies: €1 – €3 per kilo
• Wine: €3+

Farmer’s markets in La Laguna, Santa Cruz, and Puerto de la Cruz are great for fresh, cheap produce.

Fine Dining: High-End Restaurants & Local Cuisine

Feeling fancy? Expect to pay:

• Mid-range restaurant: €20 – €40 per person.
• High-end restaurant: €50 – €100+ per person.
• Michelin-star dining: €150+ per person.

For something special, try:

• Kabuki (Michelin-starred Japanese fusion).
• San Sebastián 57 (Modern Canarian cuisine).
• La Vieja (Seafood heaven).

Tenerife’s food scene caters to every budget. You just need to know where to go.

Getting Around: Transportation Costs

Public transport in Tenerife is insanely cheap—if you know how to use it.

Comparing Public Transport and Car Rentals

If you’re planning to explore Mount Teide, Anaga, or Masca, renting a car is a game-changer.

But if you’re staying in Santa Cruz or La Laguna? The bus is more than enough.

Are There Free Transport Options?

Yes.

If you’re under 30 and a resident, you might qualify for a free monthly travel pass. Tourists? You’ll have to pay.

Is Tenerife Accessible Without a Car?

Yes—but with limitations.

Buses are cheap but slow. If you’re only staying in one area, it’s fine. But if you want to explore the island properly? Rent a campervan.

Top Activities and Attractions in Tenerife

Tenerife isn’t just about beaches and cocktails.

This island has something for everyone—from adrenaline junkies to sunset chasers, from families with kids to solo backpackers. But here’s the question:

How much do these experiences cost?

Some are surprisingly cheap (or even free). Others? Well, let’s just say a single day out could set you back €50+ per person.

Let’s break it all down.

Must-See Attractions Like Mount Teide & Cable Car Costs

Mount Teide is Tenerife’s crown jewel. At 3,715 metres, it’s the highest peak in Spain—and the views? Unreal.

But how much does it cost to visit?

Is the cable car worth it?

That depends.

• If you’re fit and up for an 8km steep hike, you can reach the summit for free (but you’ll need a permit).
• If you’d rather take in the views without breaking a sweat, the cable car is your best bet.

But listen—if you want a completely unique experience, book a stargazing tour. Tenerife’s skies are some of the clearest in the world, and seeing the Milky Way from Teide? Unforgettable.

Loro Parque, Siam Park & Other Paid Attractions

Now, let’s talk theme parks.

Loro Parque and Siam Park are two of the best-rated attractions in Tenerife.

But… they’re not cheap.

Is it worth paying for these parks?

It depends.

• Travelling with kids? Loro Parque is a no-brainer.
• Love water rides? Siam Park is ranked #1 in the world.
• On a tight budget? Skip them and go for free activities instead.

Free or Low-Cost Activities: Hiking Trails, Beaches & Sightseeing Tours

Good news: Some of the best experiences in Tenerife won’t cost you a single euro.

Best Free Things to Do in Tenerife

• Hike in Anaga Rural Park – Some of the most breathtaking landscapes on the island.
• Explore Masca Village – A stunning mountain village with dramatic views.
• Sunbathe on Tenerife’s beaches – Playa de las Teresitas, Playa Benijo, Playa Bollullo.
• Visit La Laguna’s historic centre – A UNESCO World Heritage Site.
• Stroll around Santa Cruz de Tenerife – Free museums, street art, and local markets.

Cheap Activities Worth Paying For

If you’re willing to spend a little, these activities are worth every cent:

• Snorkelling in Los Cristianos – €15
• Scuba diving experience – €50 – €70
• Wine tasting in Tacoronte – €20 – €30
• La Gomera day trip (ferry & tour) – €70

Want an unforgettable experience? Go whale watching. Tenerife is one of the best places in the world to see whales and dolphins in the wild. Prices start at €30, but it’s worth every euro

Tips for Saving Money During Your Trip

Tenerife can be cheap.

Or it can drain your bank account in days.

It all depends on when you go, where you stay, and how you spend your money.

Let’s talk money-saving hacks.

Best Time to Visit for Lower Prices

Tenerife has two seasons:

1. Peak Season (December – March & July – August)

   • Higher prices for flights & hotels
   • More crowds
   • Expensive car rentals

2. Off-Peak Season (April – June & September – November)

   • Cheaper flights & accommodation
   • Fewer tourists
   • Discounts on tours & activities

Want to save money? Go off-peak.

How to Find Cheap Accommodation

Hotels in Costa Adeje or Los Cristianos? Expensive.

But if you’re flexible, you can cut costs massively.

Budget-friendly places to stay

• Hostels – From €15 per night (great for solo travellers).
• Rural guesthouses – From €30 per night (affordable & authentic).
• Holiday rentals – From €50 per night (cheaper for groups).

For long-term stays, consider renting in Santa Cruz or La Laguna instead of tourist hubs.

Where to Find Cheap Food

Skip the tourist traps.

Go where the locals eat:

1. Guachinches – Traditional Canarian restaurants with meals for €10 – €15.
2. Menu del día – Fixed lunch menus with starter, main, and drink for €10 – €12.
3. Farmer’s markets – Buy fresh food & cook at home.

Pro tip: Avoid restaurants near tourist hotspots. Prices are often double what you’d pay in a local area.

Seasonal Cost Variations: When is Tenerife Cheapest to Visit?

• January – March – High season, high prices.
• April – June – Cheaper hotels, fewer crowds.
• July – August – Expensive but good for families.
• September – November – Best balance between price & weather.

If you’re on a budget, September and October are the sweet spot.

Cost Comparisons with Other Travel Destinations

Is Tenerife expensive compared to other destinations?

Here’s the comparison:

Verdict?

Tenerife is cheaper than major European cities, but more expensive than Southeast Asia.

FAQ: Common Cost-Related Questions

How much does it cost to visit Tenerife for a week?

• Budget travellers: €400 – €600
• Mid-range travellers: €800 – €1,200
• Luxury travellers: €1,500+

Is public transportation in Tenerife affordable?

Yes! A single bus fare costs €1.45 – €2.45, and an unlimited day pass is €10.

What are some budget-friendly activities in Tenerife?

Hiking, exploring beaches, visiting La Laguna, and checking out local markets—all free.

Conclusion: Is Tenerife Worth It?

Here’s the truth.

Tenerife can be expensive. But it doesn’t have to be.

If you know where to stay, where to eat, and when to go, you can enjoy the island on any budget.

So, is Tenerife expensive?

Not if you do it right.