Long-term rentals in Mallorca: your path to finding the perfect home

Why Choose a Long-Term Rental in Mallorca?

Mallorca is diverse, vibrant, and full of contrasts - which makes choosing the right property a journey in itself. Many future homeowners therefore decide to rent long-term before purchasing a villa, finca or apartment. This offers the opportunity to truly understand the island’s lifestyle, climate, and day-to-day rhythm.

A long-term rental provides the ideal setting to explore Mallorca at your own pace and choose a home that matches your expectations in terms of location, quality, and suitability for everyday life.

Remote work and long-term rentals: a growing trend

Mallorca as a Home-Office Destination

With flexible work models becoming the norm, Mallorca is increasingly attractive for remote professionals. The island’s high quality of life, excellent infrastructure and fast internet make it a prime base for working from home.

General Conditions for Long-Term Rentals in Mallorca

Changes in Spanish rental law in the mid-90s and in 2013 simplified long-term rental processes for property owners. Engel & Völkers Mallorca focuses on rentals of at least six months.

Demand continues to grow: in 2021, Engel & Völkers Mallorca received approx. 3,200 rental requests, an increase of 91% compared to 2020.

Market Overview: Long-Term Rental Prices in Mallorca

According to Servihabitat, average rental prices in the Balearic Islands are some of the highest in the whole of Spain. This means for investors: Mallorca is and remains an interesting location for rental properties. In various regions of the island the premium segments, depending on size, location, and features.

Average price ranges

• Houses: €2,000–€18,000 per month

• Apartments: €1,000–€4,000 per month

More than ever, this shows that investors are convinced they can rely, when it comes to properties in Mallorca on the “magic triangle” consisting of security, liquidity, and return on investment. This is also reflected in Engel & Völkers Mallorca’s data: in 2021, contracts for long- and short-term rentals were signed for longer periods than in the prior year, whereby the average rental payments for long-term rental properties have increased significantly. Some clients prefer to rent first, test the island for themselves, observe the market, and then buy. Following all the restrictions that were imposed during the pandemic, many families want to take a break from everyday life by spending some time in the sun and close to the sea in a pleasant environment.

Regional insights: long-term rentals across Mallorca

Long-term rentals in Palma de Mallorca

In Palma, the demand for long-term rental properties reached a record level in 2021. Engel & Völkers’ clients, who mainly come from Germany, Austria, France, and Switzerland, are interested in high-quality apartments with a balcony or a terrace.

Price range: €1,400–€2,900 per month

Long-term tentals in Son Vida & Palma Surroundings

Due to the limited offer and exclusive locations, the rental prices in this region are some of the highest on the whole island. Rental properties with first-class views and privacy are particularly popular. The quiet and safe environment, as well as the proximity to the centre of Palma, add to this region’s appeal.

Rental Prices:

• Houses/Villas: €7,000–€18,000

• Apartments: €2,500–€4,000

Exceptional views, privacy, and proximity to Palma’s centre make this area especially attractive.

Long-term rentals in the Southwest of Mallorca

In the already very popular southwest of the island, Engel & Völkers recorded a substantial increase in long term rentals, particularly in the premium segment. Thanks to its excellent infrastructure, many families with children rent a property to see whether they can fulfil their dream of living in Mallorca the whole year through. The most common rental period is one year.

Price range:

• Apartments: €1,700–€3,500

• Houses: €7,000–€18,000

Those clients interested in rental properties mainly come from Germany, but also from the Netherlands, Scandinavia, Great Britain, Italy, Spain, France, Poland, Saudi Arabia, and Switzerland. The year-round infrastructure, sophisticated service offering, and comprehensive health care have all contributed to the region’s highly international environment.

Long-term rentals in Central Mallorca

In the center of the island, the demand for properties for rent for several months is higher than ever before. Especially in the winter months, there is great interest in escaping the cold at home and enjoying the mild climate in Mallorca.

Price range:

• Apartments: €1,500–€2,500

• Houses: €2,000–€8,000

The principal clients are German and Swiss together with a mix of various nationalities for rental periods of several months. Apartments in residential complexes are popular, along with houses with a pool.

Long-term rentals in the South of Mallorca

In the south, the demand for rental properties for a period of two years or longer is increasing. Tenants are interested in working from home, often they are couples or families with children. The decisive criterion for the location is a stable Internet connection.

Price range:

• Houses: €2,000–€7,000

• Apartments: €1,200–€3,000

A stable internet connection is a key deciding factor for tenants in this region.

Long-term rentals in the North of Mallorca

In the north of the island, the rising demand for both long- and short-term rentals. Clients from Germany and the UK seem particularly keen to test whether Mallorca is the right fit.

Price range:

• Apartments: €1,000–€3,000

• Houses: €3,000–€7,000

Demand is high for villas located close to the beach that have a garden and pool.

Conclusion: renting long-term in Mallorca with Engel & Völkers

A long-term rental offers the perfect introduction to Mallorca’s lifestyle and real estate market. Whether you're testing life on the island or planning a future purchase, Engel & Völkers Mallorca’s experienced teams across all regions can help you find the ideal home.