Rent in Málaga vs Palma
Málaga · Andalucía — Illes Balears · Illes Balears · INE data 2026
Renting in Málaga is 11% cheaper than in Palma. The difference is €88/month — a saving of €1,056 per year.
€731/month in Málaga vs €819/month in Palma. National average: €648/month.
Context
Málaga (Andalucía) and Palma (Illes Balears) represent two rental markets from different Spanish autonomous communities. Málaga is the more affordable option, saving €88/month compared to Palma. Unemployment in Málaga (16.7%) is higher than in Palma (4.3%), which may affect rental demand and purchasing power.
Estimated rent
Málaga
731€/month
Palma
819€/month
Annual change
Málaga
+3.9%
Palma
+3.4%
INE index (base 2015=100)
Málaga
126.1
Palma
126.0
vs national average
Málaga
+83€
Palma
+171€
Population
Málaga
599,063
Palma
434,786
Per capita income
Málaga
13,847€
Palma
16,181€
Rent-to-income ratio
Málaga
63.3%
Palma
60.7%
Where is it better to rent?
In terms of rent, Málaga is the more affordable option at €731/month, 11% less than Palma (€819/month). Living in Málaga saves €1,056 per year compared to Palma.
Málaga
Málaga · Andalucía
731€/month
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Palma
Illes Balears · Illes Balears
819€/month
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Cost of living guides
More comparisons with Málaga
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →