Madrid is one of the most beautiful cities in Spain and attracts a lot of tourists throughout the year. If you are planning to move to Madrid or just want to know how much the rent is, you have come to the right place. In this article, we will discuss everything you need to know about the rent in Madrid.
Average Rent in Madrid
The average rent in Madrid can vary depending on several factors such as location, type of property, and size of the property. The city center tends to be more expensive than the outskirts of Madrid.
The type of property also affects the rent; apartments are generally more expensive than houses. Finally, the size of the property matters too; larger properties tend to be more expensive.
Location
As mentioned earlier, location plays a big role in determining the rent in Madrid. The average rent for a one-bedroom apartment in the city center can range from €800 to €1200 per month. For a two-bedroom apartment, it can range from €1100 to €1800 per month.
If you are looking for something cheaper, you can consider renting outside the city center. For a one-bedroom apartment, you can expect to pay between €600 and €900 per month while for a two-bedroom apartment it would range between €900 and €1400 per month.
Type of Property
The type of property also affects how much you pay for rent in Madrid. As mentioned earlier, apartments are generally more expensive than houses. A one-bedroom apartment in Madrid can cost between €700 and €1200 per month while for a two-bedroom apartment it ranges between €1000 and €1800 per month.
On the other hand, if you prefer living in a house instead of an apartment, then you will have to pay more. A three-bedroom house in Madrid can cost anywhere between €1500 and €2500 per month.
Size of the Property
The size of the property is also a significant factor in determining how much rent you pay in Madrid. Larger properties tend to be more expensive than smaller ones. A one-bedroom apartment can range from 30m² to 60m², while a two-bedroom apartment can range from 60m² to 100m².
For a one-bedroom apartment, you can expect to pay between €700 and €1200 per month, while for a two-bedroom apartment it ranges between €1000 and €1800 per month.
Additional Costs
Apart from the rent, there are some additional costs that you need to keep in mind when renting a property in Madrid. Some of these costs include:
- Utilities: This includes gas, electricity, water and internet. It can cost an average of €150 per month.
- Community fees: If you are renting an apartment, then you will need to pay community fees which can range between €50 and €100 per month.
- Agency fees: If you choose to rent through an agency, then they will charge you a fee which is usually equivalent to one month’s rent.
In Conclusion
To sum up, the average rent for a one-bedroom apartment in Madrid ranges from €700 to €1200 per month while for a two-bedroom apartment it ranges between €1000 and €1800 per month. Location, type of property and size of the property are some of the factors that affect how much rent you pay in Madrid. Additionally, there are some additional costs such as utilities and agency fees that you need to keep in mind when looking for rental properties in Madrid.