Cheapest areas to rent in Palma (2024): full ranking
Llevant is the cheapest district to rent in Palma, at €8.72/m², 11% below the city average. At the other end, Centre costs €11.63/m². Below is every district, cheapest first, with what a typical flat costs.
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The five cheapest, up close
1. Llevant · €8.72/m² · 2-bedroom ≈ €654
The eastern district, from the busy market area of Pere Garau to the seaside quarters of Es Molinar and Ciutat Jardí and the new Nou Llevant development.
Good for: The most affordable rents in Palma. Watch out for: Quality varies a lot between neighbourhoods.
2. Nord · €9.09/m² · 2-bedroom ≈ €682
The northern district, from busy apartment neighbourhoods near the ring road to the villages of Son Sardina and Establiments at the foot of the Serra.
Good for: More space at lower rents. Watch out for: Car useful in the outer villages.
3. Ponent · €10.89/m² · 2-bedroom ≈ €817
The western district along the bay, from El Terreno and Son Armadans near Bellver Castle to Cala Major and the hills of Gènova and Bonanova.
Good for: Sea views and beaches close to town. Watch out for: Hilly streets; nightlife in parts of Gomila.
4. Platja de Palma · €11.02/m² · 2-bedroom ≈ €827
The long beach east of the city, from Can Pastilla to S'Arenal, next to the airport. A mix of residents and holiday hotels.
Good for: Beach life near the airport. Watch out for: Party tourism and noise in summer; aircraft noise.
5. Centre · €11.63/m² · 2-bedroom ≈ €872
The old town around La Seu cathedral and the Almudaina palace, plus the fashionable Santa Catalina neighbourhood with its market and restaurants. The most expensive district in Palma.
Good for: Walking everywhere; restaurants and culture. Watch out for: Tourist crowds and very high rents.
All areas, cheapest first
| # | District | Rent €/m² | vs. average |
|---|---|---|---|
| 1 | Llevant | €8.72 | −11% |
| 2 | Nord | €9.09 | −8% |
| 3 | Ponent | €10.89 | +11% |
| 4 | Platja de Palma | €11.02 | +12% |
| 5 | Centre | €11.63 | +18% |
These are official figures for rents tenants actually pay. New listings usually ask more, especially in popular areas. Source: Ministerio de Vivienda y Agenda Urbana – SERPAVI (datos tributarios) (2024).