Madrid Property Prices, Rents & Rental Yields

About Madrid

Madrid blends a capital-city setting with a broad, established apartment market shaped by business activity, culture, and strong urban infrastructure. For investors, it remains one of Spain’s most closely watched city locations, where pricing and rental trends can shift quickly around core districts and transport links.

September 2026 points to a sharper rental-led tension. Average apartment rents reached €1,890, up 5.0% month over month and 11.2% year over year, while the average sale price eased to €465,000, down 1.5% from the previous month but still 3.3% higher than a year earlier. That combination suggests rental growth is outpacing recent sales-price movement, even as values remain above last year’s level.

The price per square metre also softened to €5,540, down 1.5% month over month, yet it is still 5.8% above September 2025. Against that backdrop, the current apartment yield of 5.49% looks comparatively steady, but it sits within a market where income is rising faster than purchase prices in the short term. For location pages focused on Madrid, the key message this month is not broad momentum in one direction, but the balance between firmer rental levels and a slight pullback in sale prices.