Rent in Oviedo vs Palma
Asturias · Principado de Asturias — Illes Balears · Illes Balears · INE data 2026
Renting in Oviedo is 33% cheaper than in Palma. The difference is €268/month — a saving of €3,216 per year.
€551/month in Oviedo vs €819/month in Palma. National average: €648/month.
Context
Oviedo (Principado de Asturias) and Palma (Illes Balears) represent two rental markets from different Spanish autonomous communities. Oviedo is the more affordable option, saving €268/month compared to Palma. Unemployment in Oviedo (10.5%) is higher than in Palma (4.3%), which may affect rental demand and purchasing power. On the rent trend, Palma records an annual change of +3.4%, the more pronounced of the two.
Estimated rent
Oviedo
551€/month
Palma
819€/month
Annual change
Oviedo
+1.8%
Palma
+3.4%
INE index (base 2015=100)
Oviedo
112.5
Palma
126.0
vs national average
Oviedo
-97€
Palma
+171€
Population
Oviedo
223,968
Palma
434,786
Per capita income
Oviedo
16,926€
Palma
16,181€
Rent-to-income ratio
Oviedo
39.1%
Palma
60.7%
Where is it better to rent?
In terms of rent, Oviedo is the more affordable option at €551/month, 33% less than Palma (€819/month). Living in Oviedo saves €3,216 per year compared to Palma.
Oviedo
Asturias · Principado de Asturias
551€/month
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Palma
Illes Balears · Illes Balears
819€/month
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Cost of living guides
More comparisons with Oviedo
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →