The Palacio de Cristal ("Glass Palace") is a conservatory located in Madrid's Buen Retiro Park. It was built in 1887 on the occasion of the Exposition of the Philippines, held in the same year, then a Spanish colonial possession. The architect was Ricardo Velázquez Bosco.

The Palacio de Cristal, in the shape of a Greek cross, is made almost entirely of glass set in an iron framework on a brick base, which is decorated with ceramics. Its cupola makes the structure over 22 metres high. When it was erected, glass and iron construction on a large scale was already to be seen in Madrid at Delicias station (1880), the work of a French architect. However the curved architecture of the Palacio de Cristal is more comparable to the techniques pioneered by the British architects Joseph Paxton (who was responsible for London's Crystal Palace) and Decimus Burton (who was responsible for the Palm House at Kew Gardens).

The cast-iron frame was manufactured in Bilbao. The structure was designed in a way that would allow it to be re-erected on another site (as happened to the equivalent building in London). However, the building has remained on the original site, next to a lake, and has been restored to its original appearance. It is no longer used as a greenhouse, and is currently used for art exhibits.