Madrid is known for having an abundance of art and culture and it's one of the most popular capitals in Europe like people would like to move. Some of the most famous attractions here include its art museums, the Royal Palace, and the Plaza Mayor. One problem the residents in Madrid are facing recently is that Madrid’s rental market is booming. That means the price is rising and the competition for affordable lodging in desired zones of the capital is steep. The rents in Madrid increases every year, which places the average price per square metre in the city at around €16.2 per month. That makes renting a room in an apartment shared with friends or strangers the most common option for the young people.
Cheap Rooms in Madrid
For people who are quite limited in terms of budget, one thing to keep in mind is, if you want to find furnished and nice option, you might just encounter something in the centre. But if you lower your standards, you still can find nice rooms in shared apartments. According to research, nearly 50% of Madrid’s 18-35-year-olds still live with their parents. So the only way youngsters in the city centre can become independent is to share an apartment with roommates, by getting their own private rooms.
Rooms for Students in Madrid
Since housing is one of the largest expenses of any student and the average rent in Madrid increased dramatically, so accommodation has become more difficult for students in Madrid. In general, the cheapest and most common option for that is renting an individual room in a shared apartment with other students. The average cost for these rooms range from €350 to €700 monthly. If you can for the outskirts of the capital, you’ll find more affordable rooms. But the commute could be a barrier.
Cost for Room in Madrid
Normally A rented room costs between €300-€500 and for rented flat the rent will be €500 to €1000 or even more, depending on the neighborhood. Away from the centre, you’ll pay less for the same standard. And if you are on a tight budget, you should definitely avoid the city centre and go somewhere else. In a good neighborhood the minimum rental price for an average room is above €500 and upwards €1000. In the dodgy South of Madrid area you might find something cheaper. However the conditions could be very tough.
As rent isn't always the cheapest rental option, there are a lot of rooms to rent in Madrid. Not only are costs obviously lower than renting an entire apartment but you also get access to a ready-made circle of peers and friends, priceless for those coming to town who potentially have never stepped foot there before. Rooms often come furnished and sometimes with utilities included. With so many types of rentals to choose from, Nestpick is here to help. If you are in doubt whether a room for rent is the perfect accommodation for you, have a look at our other rental options in Madrid
Rooms in Madrid
|How big are rooms for rent in Madrid?|
|In Madrid, rooms for rent are very different in size from each other, however, size of a room for rent usually starts from 12m² and could go up to a large space, according to Nestpick database.|
|I am a student looking for rooms in Madrid, what information do I need?|
|First of all welcome to Madrid! As long as you are over 18 years old you can rent a room in Madrid.|
|Is rent cheap for rooms for rent in Madrid?|
|In Madrid rent prices for rooms may vary. Before your semester starts we suggest you have a look at Nestpick.com and list prices for different rooms in Madrid.|