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If you wish to settle in Madrid, it is important to enquire about its rental market beforehand. Spain’s capital city has many attractive neighbourhoods.

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 its career opportunities. 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.

 Good to know:

Madrid is known to be the most densely populated Spanish city with over 3.1 million inhabitants including a large number of expatriates from European Union countries and other parts of the world.

Madrid's neighbourhoods

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 neighbourhoods are La Latina, Lavapies, Chueca and Sol in the city centre. La Latina is part of Madrid de las Austrias with mediaeval streets and historic ambience. It is famous for its architecture, as well as its markets and commercial streets. Lavapies, for its part, is more a Bohemian and multicultural area, 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. Chueca is the gay district of Madrid and one of the most cosmopolitan commercial and leisure areas.

Moncloa and Argüelles, which are found in the North of Madrid, mainly host students while Sol, Huertas and Goya are known to be the tourist areas.
As for Malasaña, it abounds with 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.

 Good to know:

The most popular barrios among students are La Latina, Malasaña, Chamberí and Ciudad Universitaria.

Renting in Madrid

Rent prices in Madrid are quite high compared to other Spanish cities. These obviously vary according to the different neighbourhoods, types of housing and comfort level. Thus, you will need an average of 650 euros per month to rent a 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. 

 Good to know:

Note that short-term rental prices can increase by 20-50%. Hence, long-term rental is financially more attractive. For a short stay in Madrid, check out hotels or apartments for short term rental.

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 for more information on their offers. In general, online ads are quite short and do not include all the details about the offers. 

 Useful links:

Idealista www.idealista.com
Habitaclia www.habitaclia.com
Fotocasa www.fotocasa.es
Piso compartido www.pisocompartido.com
Tu Casa www.tucasa.com
En Alquiler www.enalquiler.com
Idealista www.idealista.com
Mil Anuncios www.milanuncios.com

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