€5,000 a month
A typical rent · See whyWhat the advert says
Is this rent fair?
We compared it with the 12 two-bedroom flats closest in size (70–130 m²) advertised to rent long-term in Recoletos. Typical means inside the middle half of their rents. Asking rents, not signed leases, and not a fair-rent calculation.
Per m², against the same flats
€50.0 per m²
The middle of the 12 similar flats is €39 per m² a month.
What tenants pay on existing leases (2024)
€21.8 per m²
Recoletos, our estimate, per m² a month, from tax returns. Leases signed over past years run lower than asking rents today, so this is context, not a verdict on this flat.
No change to the asking rent since we first saw it on 10 Oct 2026.
Flats behind this read · Recoletos
The twelve flats closest in size, with the rents their agencies ask.
Asking rents, not signed leases · sorted by closest in size
This listingTypicalRecoletos
100 m² · 2 beds · 3 baths
€50.0/m² per square metre a month
The flat you are looking at
2-bed penthouse with terrace in Recoletos, Salamanca
95 m² · 2 beds · 2 baths
€30.5/m² per square metre a month
Has a terrace · 2nd floor
TypicalRenovated 2-bed apartment with lift in Recoletos, Salamanca
90 m² · 2 beds · 1 bath
€41.1/m² per square metre a month
Ground floor
2-bed apartment with terrace in Recoletos, Salamanca
110 m² · 2 beds · 3 baths
€56.4/m² per square metre a month
Has a terrace · 1st floor
Below typical2-bed duplex on Recoletos in Recoletos, Salamanca
90 m² · 2 beds · 2 baths
€35.6/m² per square metre a month
Much like this one on the facts listed
Typical2-bed apartment with natural light in Recoletos, Salamanca
115 m² · 2 beds · 2 baths
€31.3/m² per square metre a month
Much like this one on the facts listed
Above typical2-bed apartment on Recoletos in Recoletos, Salamanca
117 m² · 2 beds · 4 baths
€55.6/m² per square metre a month
Ground floor
Above typicalNew 2-bed apartment with lift in Recoletos, Salamanca
120 m² · 2 beds · 3 baths
€60.8/m² per square metre a month
Ground floor
Typical2-bed apartment with lift in Recoletos, Salamanca
120 m² · 2 beds · 2 baths
€41.7/m² per square metre a month
Ground floor
TypicalElegante piso para alquilar en Recoletos
124 m² · 2 beds · 2 baths
€36.3/m² per square metre a month
Much like this one on the facts listed
Renovated 2-bed apartment in Recoletos, Salamanca
126 m² · 2 beds · 2 baths
€38.9/m² per square metre a month
1st floor
Below typical2-bed apartment with parking in Recoletos, Salamanca
70 m² · 2 beds · 2 baths
€32.9/m² per square metre a month
Includes a garage space · Ground floor
Typical2-bed penthouse with terrace in Recoletos, Salamanca
130 m² · 2 beds · 2 baths
€30.8/m² per square metre a month
Has a terrace
The neighbourhood · Recoletos
This flat is in Recoletos, a barrio (neighbourhood) of the Recoletos district. The people who live here, what homes sell for and what rent costs, each set against Madrid city. Green means up, red means down, blue means little change.
€95,137a year
Household income · Madrid €49,916
Official barrio
People
€16,234per m²
Madrid, homes we track: €11,053
Price trend
up 11.0%in a yearup 1.6%on the quarter
Official price index · all second-hand sales in the district · Salamanca figure
What homes here sold for
Homes for sale now
€41.7per m² a month
Madrid, homes we track: €31.7
What tenants pay on existing leases
Homes to rent now
Asking rents are for homes advertised today. What tenants pay on existing leases comes from tax returns, runs about two years behind and is usually lower.
No grade for mortgage defaults or homes occupied without a lease (ocupación), on purpose. Spain publishes both only for the whole province, so a Recoletos grade would be invented precision.
The building itself
Spain’s land registry (the Catastro) records every building’s size, age and use. The first two figures are the agency’s.
It tells you what similar flats ask and what to check before you sign. The verified agent can tell you the rest.
An independent agent Frankly has verified, who acts for the people renting or buying, never for landlords or sellers. 30 minutes, free, no obligation.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Source: Ministerio de Vivienda y Agenda Urbana, SERPAVI, 2011–2024 database (file last updated 9 July 2026); figures for 2024. Reused under the ministry’s terms, which require this citation.
Listing rents belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Listing rents belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it. Figures cover the official barrio.
Attribution
Elaboración propia con datos extraídos del sitio web del INE: www.ine.es, 2023. Licence CC BY 4.0.
Origen de los datos: Ayuntamiento de Madrid, 2025–2026. Licence CC BY 4.0.
Comunidad de Madrid, IPVCM, Q2 2026. Licence CC BY 4.0.
Source: Colegio de Registradores, via Ayuntamiento de Madrid statistics.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it.
Attribution
Comunidad de Madrid, IPVCM, Q2 2026. Licence CC BY 4.0.
Source: Colegio de Registradores, via Ayuntamiento de Madrid statistics.
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it.
Attribution
Elaboración propia con datos extraídos del sitio web del INE: www.ine.es, 2024. Licence CC BY 4.0.
Source: Ministerio de Vivienda y Agenda Urbana, SERPAVI, 2011–2024 database (file last updated 9 July 2026); figures for 2024. Reused under the ministry’s terms, which require this citation.
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Origen de los datos: Ayuntamiento de Madrid. Licence CC BY 4.0.
Listing rents belong to the agencies that publish them. Frankly does not verify them.