The neighbourhood is delimited by La Plata and Río de Janeiro streets to the west, Independencia avenue to the south, Sánchez de Bustamante, Sánchez de Loria and Gallo streets to the east, and Córdoba/Estado de Israel avenues to the north.
The flower market at Acuña de Figeroa street is very active. Nearby Plaza Almagro park on Sarmiento street features a popular playground and a book fair on Sundays.
Parque Centenario, located a little beyond the western edge of Almagro, features
an arts-and-crafts and antiques fair on Sundays, and is occasionally
used as a concert venue. Almagro is a stronghold of tango. During his last years, composer and bandleader Osvaldo Pugliese relocated to Almagro and oversaw the creation of the Casa del Tango (Tango House) complex on Guardia Vieja street.