What to know about renting long term apartments in Madrid
Long has the Spanish capital of Madrid drawn in romantic notions of Spain’s history, culture, and place amongst the European zeitgeist. This popularity has split over to the modern-day, making it one of the most popular cities in Spain to visit and even to emigrate to. With both tourists and the homegrown Spanish population looking toward Madrid as their new home, demand for properties and, especially apartments, are high. Long-term apartments can, however, be found across the metropolitan area of the city and beyond. Some of these are newly built high-rise apartment blocks, while others have been converted from Madrid townhouses and stately homes. This plethora of design and type means there are many different kinds of long-term apartments to choose from in the Spanish capital. Renting one of these long-term apartments used to be an extremely long-winded process, requiring a lot of property viewing and bartering with landlords. Homelike has simplified this process and made it a whole lot easier and smoother to secure your long-term apartment in Madrid.
Who should rent long term apartments in Madrid?
As we have touched on above, there isn’t one single type of demographic or motive to move into a long-term apartment in Madrid. Thousands visit the city every year for a long weekend city break, and it is these people who most benefit from extending their Madrid experience into something far more long-term. A city break only gives you a small taste of Spain’s capital, while living here long term allows you to soak up the very essence of the city. As one of the most populated capitals in all of Western Europe, Madrid plays host to a large student population. These students, both Spanish and International, would benefit hugely from renting an apartment here long term. Renting a Madrid apartment in the heart of the city will allow students to be within walkable distances from their department buildings. Once the University course ends after a few years, you can then give up the long-term apartment, making uni’ life that little bit easier.
Best neighborhoods to look for long term apartments in Madrid
Wondering where you should look for an apartment in Madrid? Many factors will influence your choice of neighborhood in Madrid such as your budget, lifestyle, apartment size, apartment quality, building amenities and desired neighborhood. Madrid is the second most expensive city in Spain. Housing costs in Madrid tend to be on the higher side but you will surely find some affordable apartments in the city. Some of the neighborhoods we recommend in Madrid include- Malasañca and Justicia, Salamanca, Chamberí, La Latina, Gran Via, Sol, Las Tablas, Plaza Castilla, Chamartin, Usera. For more information on these neighborhoods, read our Madrid neighborhood guide.
Average rent for long term apartments in Madrid
Trying to get a stone-cold rental figure for Spain’s capital can be a very difficult thing to do. Rental prices in the city fluctuate depending on the overall state of the Spanish economy, the more local property market, and a more simple grid of the districts and streets of Madrid. This means that rent prices on a property in the center of the city are likely to be far higher than outside the city - as they are more in demand. A perfect example of this is that the average cost of rent for a one-bedroom apartment in the center of Madrid will be between €750 and €3.000/month. On the other hand, the average cost of rent for a one-bedroom apartment outside of the city center is between €550 and €2,200/month. These figures are likely to rise as the demand for apartments increases.
How to find long term rentals in Madrid on the Homelike platform?
You can find long term apartments in Madrid on this page and subsequent pages by clicking on the next button. Alternatively, use the search bar to find apartments in Madrod and use our filter settings to choose your desired criteria such as budget, building amenities, deposit requirements, pet policy, cancellation policy etc. For long term use, choose the 6+ months filter. Through Homelike, you have no hassles, no time-consuming apartment viewings, no difficult property owners, no rental agents.