27,1 €/m²
Average Rental Price
DISTRICT CENTRO
Landlord Guide: Renting Out Your Flat in the Centro District
The Centro district isn't just the geographic and tourist heart of Spain — it's the epicentre of rental demand in Madrid. Its unmatched blend of history, culture, leisure and cosmopolitan life draws a constant flow of high-income tenants, both Spanish and international.
For a landlord, owning a flat in Centro means holding an asset of exceptional value. In this guide, we reveal the keys to maximising its potential.
CENTRO IN NUMBERS
Up-to-date market data
4.2%
Average Gross Yield
Professionals, Digital Nomads and Postgraduate Students
Main Tenant Profile
Extreme
Rental Demand
TENANT PROFILE
Tenant Profile: Who Wants to Live in the Heart of Madrid?
The Centro district attracts a very specific, cosmopolitan and high-value tenant profile, one that wants to experience Madrid life to the fullest. Understanding who they are and what they're looking for is key to grasping the enormous potential of your property.
In neighbourhoods like Justicia, Sol or Malasaña, the dominant profile is a qualified professional, Spanish or international, between 25 and 40 years old. We're talking about executives working for the big companies on Gran Vía, consultants, creatives and a growing number of digital nomads who choose Madrid as their base of operations. Added to this are postgraduate and master's students from the prestigious nearby business schools, who often have family or scholarship financial backing. These are people with clearly demonstrable solvency, dynamic, who value quality and design over sheer size, and who are willing to pay a premium rent for an unbeatable location.
High Solvency
Stable income, generally well above average.
Professional and International Focus
They value proximity to their workplace, business hubs and networking opportunities.
A 100% Urban Lifestyle
They want to live right at the doorstep of the city's best cultural, dining and leisure scene.
High Standards
They prioritise well-renovated flats with good taste, modern design and every amenity.
VIDEO
Discover in 60 Seconds Why We're Experts in the Heart of Madrid
Want to see how our service works in practice? Hit Play and we'll explain how our deep knowledge of the heart of Madrid and our Guaranteed Rent Plan come together to safeguard your investment in the capital's most dynamic district.
THE NEIGHBOURHOODS
A Walk Through the 6 Neighbourhoods of the Centro District
The largest and most monumental neighbourhood, the heart of the "Madrid of the Habsburgs". Renting a flat here means being surrounded by history, with the Royal Palace and the Opera House as neighbours. It attracts a high-income tenant, both Spanish and international, looking for prestige, calm and an unbeatable location.
Madrid's most multicultural and vibrant area. It covers the unofficial neighbourhoods of Lavapiés and La Latina, plus the famous Rastro flea market. It's a magnet for a young, bohemian and artistic crowd looking for authentic neighbourhood life and an endless offer of leisure and dining.
Known as the Literary Quarter, it's the area with the most literary and cultural charm. Its pedestrian streets, small squares and proximity to Paseo del Prado and the great museums make it an ideal zone for high-quality short-let rentals aimed at tourists and professionals seeking a unique Madrid experience.
The neighbourhood of fashion, design and cutting-edge dining. It includes the vibrant Chueca area. It attracts young, high-earning professionals, creatives and an LGBTI+ crowd looking for a modern, tolerant atmosphere with access to the most exclusive shops and restaurants.
The epicentre of Madrid's alternative, youthful life, better known as Malasaña. It's the favourite neighbourhood of students, young professionals and "digital nomads" looking for a creative atmosphere, unmatched nightlife and constant urban energy.
Kilometre zero, the absolute heart of Madrid and of Spain. It's the area with the highest footfall of tourists and visitors. Rental demand here is extreme, especially for short stays. A property in Sol is a very high-yield asset when managed professionally.
REVIEWS
Landlords who no longer have to worry
“I rented my flat in Chueca to an international consultant in under a week. The rent I get here is nothing like what I used to earn in other parts of Madrid, and Youhomey handles all the paperwork with the tenant.”
Fernando A.
Owner in Justicia
“I had a small inherited flat right in the centre and didn't know what to do with it. With Youhomey's stay management, occupancy is practically constant all year round — something unthinkable if I'd managed it myself.”
Marisa T.
Owner in Sol
“My flat in Universidad was rented to a designer who works as a digital nomad. The neighbourhood's creative vibe attracts a profile that really takes care of the property and has paid without a single delay since we started.”
David M.
Owner in Malasaña
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