Rental in Centro, Madrid — €3050/month

How we got these numbers

Is this rent fair? · This flat

Every figure in this section: what it measures, where it comes from, and what we did to it.

Asking rent

€3,050 a month

Measures: What the listing asks per month, as the agency advertises it.
Source: The listing, published by the agency and read by Frankly every day.
Period: Today. Updates daily.
Method: None.
Kind of figure: Listing data, not verified

Asking rent per m²

€23.5

Measures: The asking rent divided by the advertised size, per month.
Source: The listing, published by the agency and read by Frankly every day.
Period: Today. Updates daily.
Method: €3,050 ÷ 130 m² = €23.5.
Kind of figure: Listing data, not verified

Typical rent, middle half

€3,495 – €4,495

Measures: The rents the middle half of similar flats ask, per month: a quarter ask less, a quarter ask more.
Source: The 20 three-bedroom flats of 115–147 m² closest in size to this one, advertised to rent long-term in Centro today. Seasonal and tourist lets are left out.
Period: Today. Updates daily.
Method: The 25th and 75th percentiles of their monthly asking rents. Below means under the 25th, above means over the 75th. We do not calculate a fair rent, so there is no gap.
Kind of figure: Listing data, not verified

The rent read

Below the typical rent

Measures: Where this flat’s asking rent falls against the middle half of similar flats: below, inside or above.
Source: The same listings.
Period: Today.
Method: As above.
Kind of figure: We calculated this

Per m², against the same flats

€23.5 per m²

Measures: This flat’s asking rent per m² a month, set against the middle value of the similar flats.
Source: The same listings.
Period: Today. Updates daily.
Method: €23.5 against a middle value of €28.
Kind of figure: Listing data, not verified

What tenants pay on existing leases, per m² a month

€17.1 per m²

Measures: What tenants actually pay, from the rents landlords declare in their income-tax returns: flats let as a main residence, lets to relatives excluded. It arrives about two years late. Flats in buildings only; houses are a separate series. MIVAU withholds any census section with fewer than 10 lets. Not comparable with the asking rents above: two years apart, and the whole rental market rather than the homes we track.
Source: MIVAU, State rent reference index (SERPAVI): rents declared in tax returns, by municipality, district and census section.
Period: 2024. Yearly. Each edition covers the tax year about two years earlier (the 2026 edition has 2024).
Method: MIVAU does not publish barrios. The median of the medians of the barrio's 18 census sections (3371 lets), weighted by number of lets. Only estimated with 30 lets or more and when no section has its median withheld. Tested against the districts, which are published: the same method lands within 5% of the published median.
Kind of figure: We calculated this, from official records

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

The flats we compared it with · Centro

Every figure in this section: what it measures, where it comes from, and what we did to it.

Each card: rent, m², beds, baths

per card

Measures: What each agency advertises.
Source: Long-term rental listings published by the agencies, which Frankly reads every day.
Period: Today. Updates daily.
Method: None.
Kind of figure: Listing data, not verified

€/m² badge

per card

Measures: The asking rent per m² a month.
Source: The same listings.
Period: Today.
Method: The asking rent ÷ the advertised size.
Kind of figure: Listing data, not verified

The chip

per card

Measures: Each flat’s asking rent against the middle half of the flats in this rail.
Source: The same listings.
Period: Today.
Method: Below the 25th percentile is below typical; above the 75th is above typical.
Kind of figure: We calculated this

The difference line

per card

Measures: Up to two facts where the flat differs from this one, from each advert.
Source: Long-term rental listings published by the agencies, which Frankly reads every day.
Period: Today.
Method: Structured fields only (condition, terrace, parking, floor and lift), never the agency’s own text.
Kind of figure: Listing data, not verified

Attribution

Listing rents belong to the agencies that publish them. Frankly does not verify them.

How we got these numbers

Neighbourhood · Centro

Every figure on this card: what it measures, where it comes from, and what we did to it. Figures cover the official district.

Household income

€44,958

Measures: The average yearly net income per household living in Centro, against the same figure for Madrid city (€49,916).
Source: INE, Household Income Distribution Atlas (ADRH).
Period: 2023. Yearly. Each edition covers the income year about two years earlier.
Method: None. Shown as published.
Kind of figure: Official record

Population

141,800 · 3.1%

Measures: People registered as living in Centro, and the change on a year earlier.
Source: Ayuntamiento de Madrid, Padrón: population by district and barrio on 1 January.
Period: Jan 2026. Yearly, residents on 1 January; published mid-year.
Method: Sum of 6 barrios, padrón 1 January. The change is on the same date a year earlier.
Kind of figure: Official record

Average age

43.9

Measures: The average age of registered residents, against Madrid city (44.2, Sep 2026).
Source: Ayuntamiento de Madrid, Padrón: residents by census section, age and nationality (monthly).
Period: Sep 2026. Monthly snapshot of the register.
Method: Mean of single-year ages over 110 census sections, padrón 2026-09-01; 100 and over counted as 100.
Kind of figure: Official record

Aged 65 or over

16.9%

Measures: The share of registered residents aged 65 or over, against Madrid city (20.7%, Sep 2026).
Source: Ayuntamiento de Madrid, Padrón: residents by census section, age and nationality (monthly).
Period: Sep 2026. Monthly snapshot of the register.
Method: Residents aged 65 or over ÷ residents over 110 census sections, padrón 2026-09-01.
Kind of figure: Official record

Registered unemployment

5.3%

Measures: People registered as unemployed, as a share of the working-age population, against Madrid city (5.8%, Feb 2026). Not the survey (EPA) rate.
Source: Ayuntamiento de Madrid, District and barrio indicator panel.
Period: Feb 2026. Yearly panel; unemployment is the February count.
Method: February registered unemployed ÷ padrón residents aged 16–64.
Kind of figure: Official record

Years of income to buy

11.8 years

Measures: How many years of an average household’s income the typical home sold here costs.
Source: Ayuntamiento de Madrid × Colegio de Registradores, Registered home sales by district and barrio, 2007→ (city data bank); Comunidad de Madrid, Second-hand home price index (IPVCM), base 2022, by Madrid district; Ayuntamiento de Madrid, District and barrio indicator panel; INE, Household Income Distribution Atlas (ADRH).
Period: Sold price at Q2 2026 prices; size 2025; income 2023.
Method: Brought-forward sold price per m² (€7,341, every registered sale) × average size of homes sold (72.2 m², 2025) ÷ average net household income (€44,958, 2023) ≈ 11.8 years. Madrid, the same way: 9.7 years. It uses the price of every registered sale here, not only in the barrios of the homes we track: it is about the typical home sold, not our listings.
Kind of figure: We calculated this, from official records

Mortgage defaults and homes occupied without a lease

No grade

Measures: Why this page gives no grade for defaults or homes occupied without a lease (ocupación).
Source: Only province-level data exists: Banco de España (delinquency), INE Ejecuciones hipotecarias (foreclosures), Ministerio del Interior (reported occupation without a lease).
Period: —
Method: A district grade would be invented precision, so we don’t make one.
Kind of figure: Nobody publishes this

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

Sale · Centro

Every figure on this card: what it measures, where it comes from, and what we did to it.

Asking price per m²

€9,744

Measures: The middle asking price per m² of the 892 homes for sale in Centro today. Half ask less, half ask more.
Source: Listings published by 38 agencies, which Frankly reads every day.
Period: Today. Updates daily.
Method: Asking price divided by built area for each home, then the middle value.
Kind of figure: Listing data, not verified

Madrid, homes we track

€10,973

Measures: The same middle asking price per m², across the 6,156 homes we track in Madrid.
Source: The same agency listings.
Period: Today. Updates daily.
Method: As above, over all Madrid districts we cover.
Kind of figure: Listing data, not verified

Price trend

3.4% · 1.9%

Measures: How the prices of all second-hand homes sold in Centro changed: over a year, and over the last quarter.
Source: Comunidad de Madrid, Second-hand home price index (IPVCM), base 2022, by Madrid district.
Period: Q2 2026. Quarterly, about two months after the quarter ends.
Method: None. We show the index's own published changes.
Kind of figure: Official record (the quarterly change is calculated by us)

Homes here sold for about

€7,350/m²

Measures: What second-hand homes sold for per m² in registered sales, brought up to the latest quarter with the official price index.
Source: Ayuntamiento de Madrid × Colegio de Registradores, Registered home sales by district and barrio, 2007→ (city data bank). District table, second-hand homes. Brought forward with Comunidad de Madrid, Second-hand home price index (IPVCM), base 2022, by Madrid district.
Period: 2025 average, brought up to Q2 2026. Yearly, covering the previous year's registered sales.
Method: Registered 2025 average for second-hand homes × (IPVCM Centro for Q2 2026 ÷ its 2025 average of four quarters), rounded to €50: €7,171 × 1.024 ≈ €7,341, shown as €7,350. This is the whole-district figure: only 54% of the homes we track could be placed in an official barrio, and we weight by barrio only from 60%. We bring it forward because a 2025 price read today would look cheap.
Kind of figure: Official record, brought forward by us

Asking vs sold

+33%

Measures: How far today’s asking prices sit above what homes sold for.
Source: The asking price and the sold price above.
Period: Today’s asking prices against Q2 2026 sold prices.
Method: €9,744 ÷ €7,350 − 1 = 32.6%, shown as about 33%. Sold prices cover every sale, not only the homes we track, so part of the gap is a difference in the homes themselves.
Kind of figure: We calculated this

Priced below our fair value

28%

Measures: The share of homes for sale that ask less per m² than three in four similar homes nearby.
Source: Frankly’s fair-value comparison, over the listings above.
Period: Today. Updates daily.
Method: Each home is compared with similar homes in the district by size, bedrooms and condition. 214 of the 761 homes we can compare fall in the cheapest quarter.
Kind of figure: We calculated this

Typical time advertised

119 days

Measures: The middle number of days the homes for sale have been advertised.
Source: Frankly’s daily record of each listing.
Period: Today. Updates daily.
Method: Days since we first saw each listing, then the middle value. A home that is taken down and listed again starts from zero.
Kind of figure: We counted this

Have cut their price

13%

Measures: The share of homes for sale whose asking price has dropped at least once.
Source: Frankly’s price history for each listing.
Period: Today. Updates daily.
Method: 114 of the 892 homes have at least one recorded drop.
Kind of figure: We counted this

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

Rent · Centro

Every figure on this card: what it measures, where it comes from, and what we did to it.

Asking rent per m²

€31.0

Measures: The middle monthly asking rent per m² of the 352 homes to rent in Centro today.
Source: Listings published by 52 agencies, which Frankly reads every day.
Period: Today. Updates daily.
Method: Monthly rent divided by built area for each home, then the middle value.
Kind of figure: Listing data, not verified

Madrid, homes we track

€30.5

Measures: The same middle asking rent per m², across the 1,734 homes to rent we track in Madrid.
Source: The same agency listings.
Period: Today. Updates daily.
Method: As above, over all Madrid districts we cover.
Kind of figure: Listing data, not verified

What tenants pay on existing leases, per m² a month

€17.7 per m²

Measures: What tenants actually pay, from the rents landlords declare in their income-tax returns: flats let as a main residence, lets to relatives excluded. It arrives about two years late. Flats in buildings only; houses are a separate series. MIVAU withholds any census section with fewer than 10 lets. Not comparable with the asking rents above: two years apart, and the whole rental market rather than the homes we track.
Source: MIVAU, State rent reference index (SERPAVI): rents declared in tax returns, by municipality, district and census section.
Period: 2024. Yearly. Each edition covers the tax year about two years earlier (the 2026 edition has 2024).
Method: None. We show the median MIVAU publishes.
Kind of figure: Official record

Declared-rent index

4.1% that year

Measures: How rents declared for tax changed in Centro over 2024: INE’s rental price index, built from the same tax returns. A separate series from the € figure, so the two can differ.
Source: INE, Rental price index (IPVA), base 2015, by municipality and district.
Period: 2024. Yearly, in spring, covering the tax year about 17 months earlier (May 2026 published 2024).
Method: None. We show the yearly change INE publishes.
Kind of figure: Official record

To rent now

352

Measures: Homes advertised to rent in Centro today.
Source: Listings published by 52 agencies, which Frankly reads every day.
Period: Today. Updates daily.
Method: Counted once each, across agencies.
Kind of figure: We counted this

Typical rent

€3,200 a month

Measures: The middle monthly asking rent. Half ask less, half ask more.
Source: The same agency listings.
Period: Today. Updates daily.
Method: The middle value of the monthly asking rents.
Kind of figure: Listing data, not verified

Typical time listed

136 days

Measures: The middle number of days the homes to rent have been advertised.
Source: Frankly’s daily record of each listing.
Period: Today. Updates daily.
Method: Days since we first saw each listing, then the middle value. A home that is taken down and listed again starts from zero.
Kind of figure: We counted this

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

The building itself

Every figure in this section: what it measures, where it comes from, and what we did to it.

Year built, floor, lift

Ground floor · with a lift

Measures: What the listing says.
Source: The listing, published by the agency and read by Frankly every day.
Period: Today.
Method: None.
Kind of figure: Listing data, not verified

Typical year built

1926

Measures: The average construction year across Centro’s homes.
Source: Dirección General del Catastro, via datos.madrid.es (housing stock by district).
Period: The latest yearly housing-stock release we have loaded.
Method: The average across 81,803 homes.
Kind of figure: Official record

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.

Below the typical rent for similar flats in Centro.

The flats we compared it with.

Centro: who lives here, what homes sell for, what they rent for.

Neighbourhood

SaleCentro · askingasking

RentCentro · askingasking

What the advert says about the building, and how to check it.

None of this tells you whether to take it.