If you wish to settle in Madrid, it is important to inquire on its rental market beforehand. But the Spanish capital city has many attractive neighborhoods.
Madrid, the Spanish capital city, welcomes thousands of expatriates from across the globe every year. This city has been attracting large numbers of visitors not only for its cultural and historical richness but also for the career opportunities which are available there. So if you have decided to settle in Madrid, finding accommodation will be one of your priorities even before moving to Spain. But this should not be difficult since the city has a variety of accommodation for all tastes, namely apartments, studios, houses, etc.
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Madrid is known to be the most densely populated Spanish city with nearly 3,2 million inhabitants in 2015, including a large number of expatriates from European Union countries and other parts of the world.
Madrid is divided into 21 districts, namely Central, Arganzuela, Retiro, Salamanca, Chamartin, Tetuan, Chamberi Fuencarral, Latina, among others. These districts are divided into 129 districts, including Palacio Embajadores Cortes, Universidad Sol, Goya, Lucero, El Viso, Rios Rosas, etc. Some of these are industrial and commercial areas, while others are primarily residential areas. Madrid's most popular neighborhoods are Sol, La Latina, Lavapies and Chueca.
Moncloa and Argüelles, which are found in the North of Madrid, mainly host students while Sol and Huertas and Goya are known to be the tourist areas. Latina, for its part, is famous for its architecture, as well as its markets and commercial streets. Lavapies is a multicultural neighborhood where you can enjoy the region’s artistic and gastronomic heritage. In fact, you will find many bars, pubs and restaurants. However, safety issues often arise there. So as anywhere else in the city, you are advised to be careful.
As for Malsana, it abounds of department stores, malls and fashion boutiques, bars, restaurants, as well as a range of modern housing. In Madrid de las Austrias, you are likely to find colonial buildings and elegant and luxurious homes.
Rent prices in Madrid are quite high compared to other Spanish cities. These obviously vary according to the different neighborhoods, types of housing and comfort level. Thus, you will need an average of 650 euros per month to rent studio. For an apartment, you will need around 1,200 euros monthly.
Students may opt for room sharing or flat sharing. This should cost some € 400 to € 550 monthly.
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Note that short term rental prices can increase by 20-50%. Hence, long term rental is recommended unless you are making a short stay in Madrid. In this case, you could stay in a hotel or a in an apart-hotel.
In all cases, regardless of the type of accommodation you are looking for, consider browsing ads on the Internet and in local newspapers. Feel free to contact owners as well for more information on their offers. In general, online ads are quite short and do not include details about the offers.