How to rent an apartment depending on your budget

The most important factor is knowing how much you can spend on rent. Depending on the budget, you can understand at the outset what type of apartment and in which area of ​​Madrid you can aspire; it is recommended not to spend more than 30% of your income on the monthly rent.

Although there are many more apartments for rent in Madrid than in any other city, prices are significant in some areas because demand is high .

For example, in the Ciudad Universitaria area , prices range from € 850 to € 2,000 per month. In the Salamanca district, however, a rent costs an average of € 1 000. In the Malasaña area , in the center and close to many universities, there are rooms worth € 500, while in Villaviciosa de Odón the rent is around € 300/400. In short, it can be said that the average rent in Madrid costs € 800 per month .

Nevertheless, all extra expenses , such as electricity and water, but also food, transportation, clothes, visits, etc. should be added to this figure . In this article about the city of Madrid , you can find out everything that can be done in the capital.

Finally, don’t forget that you will have to pay a deposit . This amount is a cash deposit that is used to cover any damage that could be caused inside the apartment during your stay. In general, the amount corresponds to the amount of the one month’s rent and, in the event that nothing is damaged, it is returned at the end of the contract.