The effects of climate change on rainfall in the Mediterranean region are manifested in an overall decreasing trend, and greater irregularity in annual volumes and the city of Alicante is no exception. In addition, there has also been a spread of the urbanised area, which has led to an increase in the flood risk in urban areas (due to a greater runoff and the occupation of flood hazard areas) and drought events due to an increase in the water demand. In light of these new scenarios, the Mediterranean cities should design adaptation systems based on rainwater harvesting within the framework of a circular economy. This study analyses the integration of rainwater in flood and water demand management in the city of Alicante (Southern Spain). In recent years, this city has developed infrastructures in order to use these resources. To do this, different databases have been analysed (rainfall and volume of water collected in the green infrastructure systems). The results reveal that stormwater has become highly important in urban water management in Alicante as the city is now using a resource that previously went to waste and created problems (flooding and pollution). By way of conclusion, it is worth mentioning that the incorporation of rainwater for urban use in Alicante has reduced the pressure on traditional resources in satisfying water demand and has also acted as a measure for adapting to climate change.