€3,000 a month
Below the typical rent · See whyWhat the advert says
Is this rent fair?
We compared it with the 20 two-bedroom flats closest in size (126–141 m²) advertised to rent long-term in Centro. 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
€22.4 per m²
The middle of the 20 similar flats is €32 per m² a month.
What tenants pay on existing leases (2024)
€17.7 per m²
Centro, 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 5 Oct 2026.
Flats behind this read · Centro
The 20 flats closest in size, with the rents their agencies ask.
Asking rents, not signed leases · sorted by closest in size
This listingBelow typicalMagnifico y luminoso piso en Calle Principe.
134 m² · 2 beds · 2 baths
€22.4/m² per square metre a month
The flat you are looking at
TypicalNew 2-bed apartment on bajo floor in Malasana, Centro
133 m² · 2 beds · 2 baths
€32.0/m² per square metre a month
New or fully renovated · Ground floor
TypicalBright 2-bed apartment with terrace on Calle Marqués del Monasterio in Salesas, Centro
131 m² · 2 beds · 2 baths
€32.0/m² per square metre a month
1st floor
TypicalNew 2-bed apartment with lift in Palacio, Centro
130 m² · 2 beds · 2 baths
€26.9/m² per square metre a month
New or fully renovated · Ground floor
TypicalPiso en Madrid, Centro - Justicia, alquiler
130 m² · 2 beds
€33.5/m² per square metre a month
Has a terrace · Includes a garage space
2-bed penthouse with terrace in Malasana, Centro
130 m² · 2 beds · 3 baths
€34.6/m² per square metre a month
New or fully renovated · Has a terrace
Above typical2-bed apartment with high ceilings on Salesas, Centro
130 m² · 2 beds · 2 baths
€38.5/m² per square metre a month
New or fully renovated
Below typicalClassic 2-bed penthouse with terrace in Centro
130 m² · 2 beds · 2 baths
€23.8/m² per square metre a month
2nd floor
Typical2-bed penthouse with terrace on Calle de Fernando VI in Gran Vía, Centro
129 m² · 2 beds · 2 baths
€34.1/m² per square metre a month
Has a terrace · 3rd floor
Below typicalBright 2-bed apartment with lift in Centro
129 m² · 2 beds
€24.8/m² per square metre a month
Includes a garage space · Ground floor
TypicalModern 2-bed apartment with lift in Centro
129 m² · 2 beds
€32.2/m² per square metre a month
Includes a garage space
Above typicalPiso en Madrid, Centro - Justicia, alquiler
129 m² · 2 beds
€36.4/m² per square metre a month
Includes a garage space
Modern 2-bed apartment with natural light in Gran Vía, Centro
139 m² · 2 beds · 2 baths
€27.3/m² per square metre a month
1st floor
TypicalRenovated 2-bed apartment with lift in Huertas, Centro
140 m² · 2 beds · 3 baths
€28.6/m² per square metre a month
Ground floor
Below typical2-bed apartment with terrace on Calle de Víctor Hugo in Gran Vía, Centro
128 m² · 2 beds · 2 baths
€23.4/m² per square metre a month
Has a terrace · Ground floor
Above typicalBright 2-bed apartment with lift in Chueca, Centro
140 m² · 2 beds · 3 baths
€37.5/m² per square metre a month
Ground floor
Renovated 2-bed apartment with natural light on Justicia in Chueca, Centro
140 m² · 2 beds · 2 baths
€28.6/m² per square metre a month
New or fully renovated · 3rd floor
Below typicalRenovated 2-bed apartment with natural light in Palacio, Centro
140 m² · 2 beds · 2 baths
€21.1/m² per square metre a month
New or fully renovated
Above typicalContemporary 2-bed apartment with lift in Centro
141 m² · 2 beds · 2 baths
€44.3/m² per square metre a month
Ground floor
TypicalBright 2-bed apartment with terrace in Huertas, Centro
141 m² · 2 beds · 2 baths
€28.4/m² per square metre a month
Ground floor
Below typicalPiso en Madrid, Centro - Justicia, alquiler
126 m² · 2 beds
€21.4/m² per square metre a month
New or fully renovated · Includes a garage space
The neighbourhood · Centro
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.
€44,958a year
Household income · Madrid €49,916
Official district
People
€9,744per m²
Madrid, homes we track: €10,973
Price trend
up 3.4%in a yeardown 1.9%on the quarter
Official price index · all second-hand sales in the district
What homes here sold for
Homes for sale now
€31.0per m² a month
Madrid, homes we track: €30.5
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 Centro 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 district.
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.