What renting in Palma costs, on the record
31.529 declared leases stand behind the figure, so the quartiles are as solid as this statistic gets. Palma rents at a reference of 9,84 €/m², high enough that a single square metre of difference in the contract is worth arguing about. Five years have added 24,6 % to the reference, well ahead of general inflation.
Rents declared on income-tax returns for main-residence leases, not asking prices. They lag the market and exclude holiday lets.
A sense of scale
Within Illes Balears, that is the highest number of declared leases among the municipalities this guide covers.
On a national view, its population falls into the dearest twentieth of them all.
Compared with the rest of Illes Balears in this guide, it sits fifth highest on median declared monthly rent.
Against every municipality in this guide, its share of main homes that are rented lands in the third-dearest twentieth.
How it ranks
Set against the other Illes Balears municipalities in this guide, it has the seventh lowest upper-quartile rent per square metre.
Country-wide, that reference rent per square metre is one of the third-dearest twentieth.
Take Illes Balears alone: among the municipalities here, its lower-quartile rent per square metre is the seventh lowest.
Across the country, the share of dwellings that are not a main residence here belongs to the band just above the bottom quarter.
The comparison that matters
Within Illes Balears, that is the sixth highest five-year change in the reference rent among the municipalities this guide covers.
Measured against the whole batch, that median floor area of a let flat sits in the upper middle of the range.
What the reference says a flat should cost
The median declared lease in Palma costs 800,00 € a month.
Five years have added 24,6 % to the reference, well ahead of general inflation.
| Floor area | At the lower quartile | At the median | At the upper quartile |
|---|---|---|---|
| 55 m² | 412 € | 541 € | 706 € |
| 75 m² | 562 € | 738 € | 963 € |
| 100 m² | 749 € | 984 € | 1.284 € |
The floor areas are round illustrative sizes used to show the arithmetic, not measurements of any particular flat.
The reference figures, and how far apart they sit
7,49 €/m² against 12,84 €/m² is a wide spread: in Palma the same nominal flat means very different things.
31.529 declared leases stand behind the figure, so the quartiles are as solid as this statistic gets.
| Measure | Value |
|---|---|
| Lower quartile | 7,49 €/m² |
| Median | 9,84 €/m² |
| Upper quartile | 12,84 €/m² |
| Median monthly rent | 800,00 € |
| Median floor area | 85 m² |
Renting is the norm here
Only 15,76 % of Palma dwellings are not a main home, so almost nothing is competing with long leases.
At 25,08 % of main homes rented, Palma has a rental sector deep enough to have its own sub-markets.
Related guides
Sources and licences
- MIVAU, Sistema Estatal de Referencia del Precio del Alquiler de Vivienda (SERPAVI), base 2011-2024. Period: 2024; 2019-2024. Retrieved 16 September 2026. Licence: MIVAU legal notice: reuse "para usos comerciales y no comerciales" with the source and its last-update date cited. Values are rents declared on income-tax returns, not asking prices.
- INE, Censo de Población y Viviendas 2021, viviendas por tipo (tabla 59525). Period: 2021. Retrieved 16 September 2026. Licence: CC BY 4.0 (INE legal notice). Attribution: "Elaboración propia con datos extraídos del sitio web del INE".
- INE, Censo de Población y Viviendas 2021, régimen de tenencia en municipios de más de 50.000 habitantes y capitales (tabla 59529). Period: 2021. Retrieved 16 September 2026. Licence: CC BY 4.0 (INE legal notice). Attribution: "Elaboración propia con datos extraídos del sitio web del INE".
- MIVAU, registro de zonas de mercado residencial tensionado (art. 18 Ley 12/2023). Period: 16 September 2026. Retrieved 16 September 2026. Licence: MIVAU legal notice: reuse for commercial and non-commercial purposes with the source and its last-update date cited.