Madrid Less than €500 Long Term Rentals, Rent Furnished or Unfurnished Apartments, Houses and Monthly Room rentals

The cost of accommodations in Madrid can vary depending on factors such as location, amenities, and the time of year you plan to visit. Generally, Madrid offers a range of accommodation options to suit different budgets and prices tend to be higher in the city center and during peak tourist seasons.

A basic one-bedroom apartment in the city center could range from around €800 to €1500 per month.

Choosing the `best` neighborhood to live in Madrid depends on your preferences, lifestyle, and needs. However, some neighborhoods are particularly popular due to their amenities, ambiance, safety, and accessibility. Here are a few neighborhoods that are often considered among the best in Madrid:

Salamanca: Known for its upscale vibe, Salamanca is one of Madrid's most prestigious neighborhoods. It offers elegant boulevards, designer boutiques, renowned restaurants, and beautiful architecture. It's popular among affluent residents and expatriates.

Chamberí: This neighborhood is beloved for its charming streets, lively atmosphere, and cultural scene. It has a mix of traditional and modern amenities, including trendy cafes, tapas bars, and local markets. Chamberí appeals to both young professionals and families.

Retiro: Situated around the expansive Retiro Park, this area offers a tranquil escape from the bustling city. It's known for its green spaces, cultural attractions, and beautiful architecture. Retiro attracts residents who value a peaceful environment close to nature.

Malasaña: Famous for its bohemian vibe and vibrant nightlife, Malasaña is a hip and eclectic neighborhood. It's filled with quirky shops, indie boutiques, street art, and a diverse culinary scene. Malasaña appeals to young creatives, students, and those seeking a lively atmosphere.

La Latina: This historic neighborhood is famous for its traditional charm, narrow streets, and bustling tapas bars. It's a vibrant area with a rich cultural heritage, hosting events like the El Rastro flea market. La Latina is ideal for those who appreciate a lively and authentic Madrid experience.

Chueca: Known for its LGBTQ+ community and inclusive atmosphere, Chueca is a trendy and progressive neighborhood. It offers a mix of trendy shops, bars, restaurants, and cultural events. Chueca is popular among young professionals, artists, and members of the LGBTQ+ community.


These are just a few examples, and Madrid has many other fantastic neighborhoods to explore. It's essential to visit different areas, consider your priorities, and perhaps even talk to locals or expatriates to find the neighborhood that best suits your lifestyle and preferences.

Finding affordable rental apartments in Madrid often involves looking beyond the city center and exploring neighborhoods in the outskirts or less trendy areas. Here are some areas that are generally more affordable for renting apartments in Madrid:

Usera: Located in the southern part of Madrid, Usera is known for its multicultural atmosphere and relatively affordable housing options. It offers a mix of residential buildings and amenities such as parks, shops, and restaurants.

Puente de Vallecas: Situated to the southeast of the city center, Puente de Vallecas is a working-class neighborhood with affordable housing options. It has good transportation connections and a range of services and facilities.

Villaverde: Villaverde is located in the southern part of Madrid and offers affordable rental apartments compared to central areas. It's a predominantly residential neighborhood with parks, schools, and shopping centers.

Carabanchel: Carabanchel is a large district in southwestern Madrid with various neighborhoods offering relatively affordable rents. It has a mix of residential areas, parks, and local amenities.

Vicálvaro: Situated in the southeastern part of Madrid, Vicálvaro is known for its university campus and relatively affordable housing options. It's a quieter area with green spaces and good access to public transportation.

Vallecas: Vallecas is a working-class neighborhood located to the southeast of the city center. It offers a range of affordable rental apartments and has a lively community atmosphere.

San Blas: Located in the eastern part of Madrid, San Blas is a residential area with relatively affordable rents compared to central neighborhoods. It has parks, schools, and shopping centers.


These are just a few examples, and there are other neighborhoods in Madrid where you may find affordable rental apartments. It's essential to explore different areas, compare prices, and consider factors such as transportation, amenities, and overall quality of life when searching for affordable housing options in Madrid.

Yes, foreigners can rent longer stay rentals in Madrid. Renting accommodation in Madrid as a foreigner is a common practice, and there are no legal restrictions preventing foreigners from renting apartments or other types of housing for extended periods.

When renting a longer stay rental in Madrid as a foreigner, you will typically be required to provide certain documents and meet specific requirements, similar to what is expected of local residents. These requirements may include:

Identification: You will need to provide a valid form of identification, such as a passport or national identity card.

Proof of Income: Landlords often require proof of income to ensure that you can afford the rent. This may include pay stubs, employment contracts, or bank statements.

References: Some landlords may request references from previous landlords or employers to vouch for your reliability as a tenant.

Security Deposit: You will likely be asked to pay a security deposit, typically equivalent to one or two months' rent, which is refundable at the end of the tenancy if the property is in good condition.

Rental Contract: You will need to sign a rental contract (contrato de arrendamiento) outlining the terms and conditions of the rental agreement. It's essential to review the contract carefully before signing and to ensure that you understand your rights and obligations as a tenant.

Residence Permit (if applicable): Depending on your nationality and visa status, you may need to provide a residence permit or other relevant documentation to legally reside in Spain.


It's also worth noting that some landlords or rental agencies may require additional documentation or have specific requirements, so it's essential to inquire about the rental process and any necessary documentation when searching for accommodation in Madrid as a foreigner. Additionally, working with a reputable real estate agency or rental platform can help facilitate the rental process and ensure that you find suitable accommodation.

Madrid offers various student housing options to accommodate the diverse needs and preferences of students. Some popular options include:

University Residences (Colegios Mayores): These are residential halls affiliated with universities and often located on or near campus. They offer rooms or apartments for students, along with shared facilities such as common areas, study rooms, and dining halls.

Student Dormitories (Residencias de Estudiantes): These are privately owned dormitory-style accommodations specifically designed for students. They typically offer furnished rooms with shared facilities like kitchens, bathrooms, and common areas. Student dormitories vary in terms of amenities and services, but they often provide a supportive and communal living environment ideal for students.

Shared Apartments (Pisos Compartidos): Renting a room in a shared apartment is a common option for students seeking more independence and flexibility. Students can find shared apartments through online platforms, classified ads, or word of mouth. Sharing an apartment with other students allows for cost-sharing and fosters a sense of community.

Homestays (Familias Anfitrionas): Living with a host family can provide students with a culturally immersive experience and opportunities for language practice. Host families offer room and board in their homes and may also provide meals and support. Homestays are an excellent option for students who value cultural exchange and personalized attention.

Private Student Residences (Residencias de Estudiantes Privadas): These are privately owned student housing complexes that offer modern amenities and services tailored to students' needs. Private student residences often provide furnished rooms or apartments, along with facilities like gyms, study rooms, and social spaces. While typically more expensive than other options, they offer convenience and comfort.


When considering student housing options in Madrid, it's essential to factor in location, cost, amenities, safety, and compatibility with your lifestyle and preferences. Additionally, early planning and research can help secure the best housing option for your needs.