Real rental prices, percentiles and housing mix in La Latina. (officially Palacio)
Median rent
€1,350/month
Mean: €1,678/month
Price per m²
30.0€
Madrid: 25.0€/m²
Median size
45 m²
Madrid: 63 m²
Listings analyzed
96
Idealista listings
Prices, percentages and counts are calculated from Idealista listings of the last few months.
La Latina is the Madrid of the postcards: the medieval street plan of Los Austrias, the tapas bars of Cava Baja, the Plaza de la Paja, and El Rastro, the flea market that takes over the whole quarter every Sunday. The neighbourhood is officially called Palacio, and it runs up to the opera house and the Royal Palace.
Demand is intense and the numbers show it. At 29.5€/m² it is one of the most expensive places to rent in the city, and the median flat is 50 m². You pay a lot, and not for much space. Tenants tend to be people who already know Madrid and want to stay in the old town, foreign residents with a budget, and couples without children. With 319 listings, supply is thin against the demand.
What you get is the historic centre with everything on foot. What you give up is quiet. Sunday mornings belong to El Rastro, tourist pressure is constant, and the buildings are old enough that you should inspect the block as carefully as the flat.
Transport: metro lines L5 (La Latina, Puerta de Toledo), L2 and L5 (Ópera) and L1 (Tirso de Molina).
54% of rental flats in La Latina have one bedroom, followed by 22% with two bedrooms. Studios make up 11% of the supply, and flats with four or more bedrooms, 2%.
Lift. 74% of rental homes here have a lift. Nearly three quarters of flats have a lift, which is high for a medieval quarter: many buildings were refurbished and had one added, though the narrowest streets are still walk-ups.
Private landlord or agency. 9% of listings are posted by a private landlord, against 91% that come through an agency. As in most of Madrid, the supply is dominated by agencies.
The median rent in La Latina is €1,350 a month. Most flats let for between €1,349 and €1,960 a month: a quarter of the supply falls below €1,349, and another quarter goes above €1,960.
Per square metre that works out at 30.0€/m². Applied to real floor areas, a 50 m² flat lands around €1,500 a month, a 70 m² flat around €2,100, and a 90 m² flat around €2,700.
Against the city as a whole, La Latina sits 10% below the Madrid median (€1,500/month), where the median price per square metre is 25.0€/m².
In La Latina, only 10% of listings go below 20.2€/m². If you find a 70 m² flat at €1,410 a month or less, it is below the 10th percentile for the neighbourhood.
That does not make it a scam, but it is worth checking before you go any further. A price well below the local market is the single most common red flag in rental fraud.
For reference, the 25th percentile in La Latina sits at 24.0€/m². Below that, the price is good for the area without being anomalous.
We check that our sample can support a trend before publishing one, and right now it cannot. At the number of listings we analyse per period in Madrid, splitting that same data in half at random already produces swings of more than 15%, with no change in the market at all. Any percentage we published would describe the size of our sample rather than rents.
The prices on this page are unaffected: a median needs far less history than a trend does. We will publish the change again once we can compare two long periods on the same coverage.
Looking for a flat in La Latina? Our Idealista apartment alerts send each new listing that matches your search to Telegram, at least 2 minutes ahead of Idealista push notifications.
The median rent in La Latina is €1,350 a month, which works out at roughly 30€/m². Most flats let for between €1,349 and €1,960 a month. These figures come from 96 Idealista listings over the last few months.
We do not publish a price trend for La Latina yet. We check that the sample supports one, and for now it does not: the change we would calculate falls inside the margin of error of the sample itself. The median and percentiles on this page are sound.
74% of rental homes in La Latina have a lift. Nearly three quarters of flats have a lift, which is high for a medieval quarter: many buildings were refurbished and had one added, though the narrowest streets are still walk-ups.
Expect to be asked for your NIE (Número de Identificación de Extranjero) if you are a foreigner, your last few payslips or proof of income, your employment contract, and increasingly a bank guarantee or several months of deposit. None of it is a legal requirement of the contract itself, but applicants who turn up without the paperwork ready lose the flat to someone who has it. Assemble the folder before you start viewing.