Rent in Palacio, Madrid: price per m² in 2026
Historic neighbourhood around the Royal Palace and the Opera. Characterful buildings, strong demand and tourist presence.
Estimated monthly rent by size
| Size | Low | Median | High |
|---|---|---|---|
| 40 m² | 1,190 € | 1,400 € | 1,680 € |
| 60 m² | 1,470 € | 1,720 € | 2,070 € |
| 80 m² | 1,750 € | 2,060 € | 2,470 € |
| 100 m² | 2,150 € | 2,530 € | 3,030 € |
Rent caps and annual updates
Annual increases on an existing lease are capped by the IRAV: 2.54% (09/2026).
Other neighbourhoods — Madrid
- Retiro · 21–27 €
- Chamartín · 21–26 €
- Arganzuela · 20–25 €
Rent per m² in Madrid by neighbourhood (2026) →
Frequently asked questions
- What is the average rent in Palacio?
- Asking rent in Palacio ranges from €23 to €29 per m² per month, about €26.0/m² in the middle of the range.
- How much does a 70 m² flat cost to rent in Palacio?
- Expect around €1,530 to €2,160 a month for 70 m², excluding fees, depending on condition and features.
- How much can rent rise each year?
- During the lease, the annual update is capped by the IRAV published by INE: 2.54% (09/2026).
Where do these figures come from?
The €/m² range comes from the average asking rent published by Idealista (September 2026). Rents by size are calculated with the same model as our analysis tool: the published price of the area (or sub-area, capped at the district average in Madrid and Barcelona), adjusted for size, because small flats rent for more per m². These are asking rents from listings (unfurnished, long term), not signed rents. The low end is not a floor: adjust for condition, floor, terrace or parking.
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