€2,500 a month
Below the typical rent · See whyWhat the advert says
Is this rent fair?
We compared it with the 18 three-bedroom flats closest in size (85–147 m²) advertised to rent long-term in Retiro. 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
€21.9 per m²
The middle of the 18 similar flats is €32 per m² a month.
What tenants pay on existing leases (2024)
€15.4 per m²
Pacífico, 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 27 Sep 2026.
Flats behind this read · Retiro
The 18 flats closest in size, with the rents their agencies ask.
Asking rents, not signed leases · sorted by closest in size
This listing€21.9/m²Piso exterior en Pacífico
114 m² · 3 beds · 2 baths
The flat you are looking at
€37.2/m²Renovated 3-bed apartment on Avenida de Menéndez Pelayo in Menéndez Pelayo, Retiro
114 m² · 3 beds · 3 baths
1st floor
€23.9/m²Bright 3-bed apartment with lift in Retiro
113 m² · 3 beds · 2 baths
Much like this one on the facts listed
€81.9/m²Renovated 3-bed apartment with lift in Puerta De Alcala, Retiro
116 m² · 3 beds · 2 baths
4th floor, lift
€30.5/m²Spacious 3-bed duplex with parking in Retiro
110 m² · 3 beds
Includes a garage space
€28.3/m²Classic 3-bed apartment with lift in Retiro
120 m² · 3 beds
Includes a garage space
€39.3/m²Bright 3-bed apartment with lift in Retiro
107 m² · 3 beds
Includes a garage space
€25.8/m²Spacious 3-bed apartment with terrace in Retiro
104 m² · 3 beds · 2 baths
Has a terrace · Ground floor
€36.4/m²Renovated 3-bed apartment on Calle de Ibiza in Ibiza, Retiro
103 m² · 3 beds · 2 baths
2nd floor
€32.0/m²Modern 3-bed apartment with terrace in Retiro
103 m² · 3 beds · 3 baths
Has a terrace · Ground floor
€39.0/m²3-bed apartment with terrace in Retiro
100 m² · 3 beds · 3 baths
Has a terrace · Ground floor
€31.6/m²Renovated 3-bed apartment with terrace in Retiro
98 m² · 3 beds · 2 baths
Has a terrace · 5th floor, lift
€25.2/m²Bright 3-bed apartment with Retiro views in Retiro
135 m² · 3 beds · 3 baths
2nd floor, lift
€31.5/m²Spacious 3-bed apartment with lift in Retiro
89 m² · 3 beds · 2 baths
Much like this one on the facts listed
€34.3/m²3-bed apartment with terrace in Retiro
140 m² · 3 beds · 3 baths
Has a terrace · 4th floor, lift
€31.7/m²Spacious 3-bed apartment with terrace in Retiro
142 m² · 3 beds · 2 baths
5th floor
€47.1/m²3-bed apartment with terrace in Ibiza, Retiro
85 m² · 3 beds · 3 baths
Has a terrace · Includes a garage space
€28.8/m²Bright 3-bed apartment with terrace in Retiro
146 m² · 3 beds · 2 baths
Has a terrace · Includes a garage space
€30.6/m²3-bed apartment with lift in Ibiza, Retiro
147 m² · 3 beds · 3 baths
Much like this one on the facts listed
The neighbourhood · Retiro
This flat is in Pacífico, a barrio (neighbourhood) of the Retiro 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.
€64,787a year
Household income · Madrid €49,916
Official district
People
€11,891per m²
Madrid, homes we track: €11,086
Price trend
up 8.3%in a yearup 4.7%on the quarter
Official price index · all second-hand sales in the district
What homes here sold for
Homes for sale now
€30.6per m² a month
Madrid, homes we track: €30.7
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 Retiro 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.