Rent in Elx/Elche vs Palma
Alicante/Alacant · Comunitat Valenciana — Illes Balears · Illes Balears · INE data 2026
Renting in Elx/Elche is 22% cheaper than in Palma. The difference is €181/month — a saving of €2,172 per year.
€638/month in Elx/Elche vs €819/month in Palma. National average: €648/month.
Context
Elx/Elche (Comunitat Valenciana) and Palma (Illes Balears) represent two rental markets from different Spanish autonomous communities. Elx/Elche is the more affordable option, saving €181/month compared to Palma. Unemployment in Elx/Elche (14.3%) is higher than in Palma (4.3%), which may affect rental demand and purchasing power.
Estimated rent
Elx/Elche
638€/month
Palma
819€/month
Annual change
Elx/Elche
+2.8%
Palma
+3.4%
INE index (base 2015=100)
Elx/Elche
120.4
Palma
126.0
vs national average
Elx/Elche
-10€
Palma
+171€
Population
Elx/Elche
245,557
Palma
434,786
Per capita income
Elx/Elche
11,849€
Palma
16,181€
Rent-to-income ratio
Elx/Elche
64.6%
Palma
60.7%
Where is it better to rent?
In terms of rent, Elx/Elche is the more affordable option at €638/month, 22% less than Palma (€819/month). Living in Elx/Elche saves €2,172 per year compared to Palma.
Elx/Elche
Alicante/Alacant · Comunitat Valenciana
638€/month
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Palma
Illes Balears · Illes Balears
819€/month
View full profile →
Cost of living guides
More comparisons with Elx/Elche
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →