Rent in Palma vs Palmas de Gran Canaria, Las
Illes Balears · Illes Balears — Las Palmas · Canarias · INE data 2026
Renting in Palmas de Gran Canaria, Las is 42% cheaper than in Palma. The difference is €241/month — a saving of €2,892 per year.
€819/month in Palma vs €578/month in Palmas de Gran Canaria, Las. National average: €648/month.
Context
Palma (Illes Balears) and Palmas de Gran Canaria, Las (Canarias) represent two rental markets from different Spanish autonomous communities. Palmas de Gran Canaria, Las is the more affordable option, saving €241/month compared to Palma. Unemployment in Palmas de Gran Canaria, Las (14.2%) 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.
Illes Balears
Las Palmas
Estimated rent
Palma
819€/month
Palmas de Gran Canaria, Las
578€/month
Annual change
Palma
+3.4%
Palmas de Gran Canaria, Las
+2.2%
INE index (base 2015=100)
Palma
126.0
Palmas de Gran Canaria, Las
115.7
vs national average
Palma
+171€
Palmas de Gran Canaria, Las
-70€
Population
Palma
434,786
Palmas de Gran Canaria, Las
381,868
Per capita income
Palma
16,181€
Palmas de Gran Canaria, Las
14,968€
Rent-to-income ratio
Palma
60.7%
Palmas de Gran Canaria, Las
46.3%
Where is it better to rent?
In terms of rent, Palmas de Gran Canaria, Las is the more affordable option at €578/month, 42% less than Palma (€819/month). Living in Palmas de Gran Canaria, Las saves €2,892 per year compared to Palma.
Palma
Illes Balears · Illes Balears
819€/month
View full profile →
Palmas de Gran Canaria, Las
Las Palmas · Canarias
578€/month
View full profile →
Cost of living guides
More comparisons with Palma
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →