Rent in Palma in 2024: where prices rose most and where it is still cheaper
· imowiki
The median rent in Palma was €9.84 per m² per month in 2024, across 5 districts ranging from €8.72 to €11.63. That is 22% more than in 2020.
Most expensive
| District | Rent €/m² |
|---|---|
| Centre | €11.63 |
| Platja de Palma | €11.02 |
Cheapest
| District | Rent €/m² |
|---|---|
| Llevant | €8.72 |
| Nord | €9.09 |
Biggest rises since 2020
| District | 2020 | 2024 | Change |
|---|---|---|---|
| Nord | €7.36 | €9.09 | +24% |
| Centre | €9.54 | €11.63 | +22% |
| Ponent | €8.96 | €10.89 | +22% |
| Llevant | €7.14 | €8.72 | +22% |
| Platja de Palma | €9.15 | €11.02 | +20% |
City median (Palma)Nord
What a 2-bedroom (75 m²) costs
At the Palma figure a 75 m² flat costs about €738 a month. In the cheapest area it is about €654, in the most expensive about €872.
How we calculate this
Median monthly rent per m² of flats, all declared leases. Source: Spanish Ministry of Housing (SERPAVI, tax data). 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.