Centro

District · Madrid · Spain

The historic heart of Madrid: Puerta del Sol, Plaza Mayor, the Royal Palace and the lively barrios of Malasaña, Chueca, La Latina and Lavapiés. Old buildings, small flats and everything within walking distance.

Price level€€€€€
Rent trend→ Rising like the city
Good forNightlifeEasy commute
Best areas for… →

Overview

Good for

Walking everywhere; nightlife and culture

Watch out for

Noise, tourist flats, older buildings without lifts

Neighborhoods

  • Palacio
  • Embajadores
  • Cortes
  • Justicia
  • Universidad
  • Sol

Rent

The median rent in Centro was €17.70/m² per month in 2024, 27% above the Madrid median. It is the 3rd most expensive of 21 districts.

Estimated monthly rent€ / month
1-bedroom (~50 m²)≈ €885
2-bedroom (~75 m²)≈ €1,328
3-bedroom (~100 m²)≈ €1,770

Estimate = district median × size. Real prices depend on the building, floor and condition, and new contracts usually cost more than the median of all leases. Source: Ministerio de Vivienda y Agenda Urbana – SERPAVI (datos tributarios).

Rent €/m²
  1. 10.26–11.54
  2. 11.54–12.69
  3. 12.69–13.77
  4. 13.77–16.08
  5. 16.08–18.55

Rent since 2020

The median rent in Centro rose 15% between 2020 and 2024, compared with 15% for Madrid as a whole.

CentroCity median (Madrid)
1214161820202021202220232024202517.7013.97
Median monthly rent per m² of flats, all declared leases. Source: Spanish Ministry of Housing (SERPAVI, tax data).

Getting around

  • Metro: Sol (L1, L2, L3), Gran Vía, Ópera, Tirso de Molina, Lavapiés

View on OpenStreetMap ↗

Similar rent in other cities

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