Rent in Palma: 128 apartments/flats, rooms per month - Housing short & long term properties

Palma collects two kinds of newcomers: students riding the metro out to the UIB campus for a semester or two, and everyone else — seasonal workers, remote professionals, families in transition — who discovered that Mallorca's capital is a real, working city once the summer crowds thin out. Both groups hit the same wall: a rental market squeezed by tourism, landlords who prefer long commitments, and viewings that assume you already live on the island. Spotahome removes it: furnished homes, verified listings and a contract signed online before your ferry or flight gets in.

Two decisions carry most of the weight here: which type of home fits your stay, and when you start looking — because in Palma the calendar swings harder than almost anywhere on the mainland. The numbers below put the market for rentals in Palma on one page.

The Palma de Mallorca rental market in numbers

A room in a shared Palma flat costs around 750 € a month on average, a studio around 1,700 € and an entire apartment around 3,200 €, according to the July 2026 averages of Spotahome's listings. Across all property types the average sat near 1,900 € in July, after a turbulent spring in which prices spiked in April and corrected in May — island supply is small, so single listings move the needle.

One number defines this market: 73% of everyone searching in Palma wants a room. The jump from sharing to living alone is steeper here than in most Spanish cities, so the cheapest segment carries almost all the demand — and moves fastest. Every Spotahome home comes furnished, and each listing states clearly whether bills are part of the rent, which is worth checking twice in a city of older buildings and summer air conditioning.

The tenant profile is more local and more European than you might expect on a holiday island: Spaniards lead with around 29%, followed by Italians (14%), Germans (10%) and Belgians (9%), and most tenants are students between 25 and 40.

Source: Spotahome's own database of its more than 120 registered properties in Palma. Updated: August 2026.

Palma neighbourhoods: where to look depending on your plans

Casco Antiguo wraps around the cathedral in a maze of honey-coloured lanes, where converted townhouses hide small flats and rooms with beamed ceilings. La Lonja concentrates the bars and stays lively late; everything else is a five-minute walk. You pay for the postcard, but you skip transport entirely.

Santa Catalina is the old fishermen's quarter turned Palma's food capital, with the Mercat de Santa Catalina at its heart and low houses repainted by an international crowd. It suits professionals who want restaurants downstairs and the Paseo Marítimo two streets away — at clearly premium prices.

Pere Garau is working Palma at its most real: a proper market, multicultural shops and the city's most affordable large flats. It has become the flatshare district by default, fifteen minutes on foot from the centre.

Portixol and El Molinar line the seafront promenade east of the port, where old fishing cottages and newer blocks look straight at the water. Couples and settled professionals bid for the area; mornings mean swimming or cycling into town along the bay.

Plaça d'Espanya and Bons Aires work best for students: the M1 metro leaves from the Estació Intermodal straight to the UIB campus, buses fan out across the city, and the streets north of the square hold reasonably priced flats within walking distance of everything.

Frequently asked questions about renting in Palma de Mallorca

How much does it cost to rent in Palma?

Renting in Palma averaged around 750 € a month for a room in a shared flat in July 2026, with studios near 1,700 € and entire apartments around 3,200 €, according to Spotahome's own listings. Living alone in any form costs at least twice what sharing does, which is exactly why most newcomers start with a room. If you want your own place without the full-apartment budget, one-bedroom flats in Palma are the compromise to compare first.

When should I book a rental in Palma?

November is when availability of rentals in Palma peaks, and January is the emptiest month of all, when almost nothing remains free. The tourist economy drives the cycle: long winter lets open up in late autumn, then the market closes almost completely after the new year. If your move lands between December and February, book two to three months ahead — the island simply runs out of homes.

Can I rent in Palma for just a few months?

Yes — mid-term is the standard on Spotahome in Palma: most contracts run 3 to 11 months under a Spanish seasonal tenancy (arrendamiento de temporada), which ends on the agreed date without the rollovers of a permanent lease. One month is usually the minimum, and longer stays are often possible. Each listing sets its own limits, everything is booked online, and it costs far less than an island letting agency.

How much deposit do I pay when renting in Palma?

Spanish law caps the standard deposit for a home rental in Palma at one month's rent (Ley de Arrendamientos Urbanos), lodged by the landlord with the regional authority; seasonal contracts commonly ask for two. In Spotahome homes with the "Deposit protected" label, if the landlord fails to return your deposit within three months of departure and you have met the contract terms, Spotahome refunds it directly. More than 20 rentals in Palma ask for no deposit at all — a search filter finds them.

Does a Spotahome contract work for the padrón in Palma?

A Spotahome contract is a legal tenancy agreement and in most cases serves for paperwork such as NIE or TIE applications in Palma. Registering at the town hall (empadronamiento) is a separate matter: not every property allows it, it only appears in the listing description when available, and no search filter exists for it. If the padrón is essential — for residency, healthcare or school places — write to the Spotahome team before booking and they will confirm with the landlord.