€3,800 a month
Above the typical rent · See whyWhat the advert says
Is this rent fair?
We compared it with the 18 two-bedroom flats closest in size (64–115 m²) advertised to rent long-term in Almagro. 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
€42.2 per m²
The middle of the 18 similar flats is €35 per m² a month.
What tenants pay on existing leases (2024)
€19.4 per m²
Almagro, 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 29 Sep 2026.
Flats behind this read · Almagro
The 18 flats closest in size, with the rents their agencies ask.
Asking rents, not signed leases · sorted by closest in size
This listing€42.2/m²Espectacular ático en pleno corazón de Almagro
90 m² · 2 beds · 2 baths
The flat you are looking at
€17.8/m²2-bed apartment with terrace in Almagro, Chamberí
90 m² · 2 beds
Includes a garage space
2-bed penthouse with terrace in Almagro, Chamberí
90 m² · 2 beds · 2 baths
Much like this one on the facts listed
€33.3/m²Acogedor piso en alta gama ubicado en el prestigioso barrio de Almagro.
90 m² · 2 beds · 2 baths
Much like this one on the facts listed
€32.6/m²2-bed apartment with terrace in Almagro, Chamberí
92 m² · 2 beds · 1 bath
Includes a garage space
€31.5/m²2-bed apartment with lift in Almagro, Chamberí
92 m² · 2 beds · 1 bath
Much like this one on the facts listed
€36.8/m²Modern 2-bed apartment with terrace in Almagro, Chamberí
87 m² · 2 beds · 1 bath
Includes a garage space
€38.6/m²2-bed apartment with lift in Almagro, Chamberí
94 m² · 2 beds · 1 bath
Much like this one on the facts listed
€32.0/m²Bright 2-bed apartment with terrace in Almagro, Chamberí
97 m² · 2 beds · 1 bath
Includes a garage space
€29.9/m²Bright 2-bed apartment with terrace in Almagro, Chamberí
97 m² · 2 beds · 1 bath
Includes a garage space
€35.4/m²Bright 2-bed apartment with terrace in Almagro, Chamberí
82 m² · 2 beds · 1 bath
Includes a garage space
€37.9/m²2-bed apartment with lift in Almagro, Chamberí
79 m² · 2 beds · 1 bath
3rd floor, lift
Spacious 2-bed apartment with natural light in Almagro, Chamberí
109 m² · 2 beds · 2 baths
4th floor
€45.0/m²Charming 2-bed apartment with terrace in Almagro, Chamberí
110 m² · 2 beds · 2 baths
Includes a garage space
€40.0/m²Apartamento de dos dormitorios junto al Paseo de la Castellana
110 m² · 2 beds · 2 baths
Much like this one on the facts listed
€35.4/m²Bright 2-bed apartment with terrace in Almagro, Chamberí
65 m² · 2 beds · 2 baths
Includes a garage space
€23.0/m²2-bed apartment with natural light in Almagro, Chamberí
115 m² · 2 beds · 2 baths
5th floor
€36.2/m²2-bed apartment with lift in Almagro, Chamberí
65 m² · 2 beds · 1 bath
Much like this one on the facts listed
€31.1/m²2-bed apartment with terrace in Almagro, Chamberí
64 m² · 2 beds · 1 bath
Includes a garage space
The neighbourhood · Almagro
This flat is in Almagro, a barrio (neighbourhood) of the Almagro 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.
€86,668a year
Household income · Madrid €49,916
Official barrio
People
€13,175per m²
Madrid, homes we track: €11,163
Price trend
up 10.6%in a yearup 3.9%on the quarter
Official price index · all second-hand sales in the district · Chamberí figure
What homes here sold for
Homes for sale now
€31.6per m² a month
Madrid, homes we track: €30.6
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 an Almagro 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.