What to know about renting studio apartments in Madrid
Studio apartments in Madrid are much like those that you’ll find in other major European cities and are usually made up of two rooms. The first room, which is generally the biggest room in the apartment, makes up the main living space. This will usually be where you sleep, relax and cook your meals. The other room in a studio apartment will usually be the bathroom. Some of the more expensive studio apartments in Madrid may even have a balcony or a mezzanine to separate your bedroom from your living room. While studio apartments may not be the biggest of spaces, (in Madrid they’re usually between 20m² and 60m²), many now incorporate space-saving features to maximize the room: wardrobes turn into beds, dining tables fold away into the wall, and storage space is cleverly designed to be as ample as possible. With just 7% of Madrid’s apartments being studios, it’s not always easy to get your hands on one. Using Homelike, you can find a comfortable studio apartment in Madrid according to your budget, how much space you need, and the exact location in which you’d like to live. On Homelike, you’ll find a range of studio apartments in Madrid that are fully-equipped and entirely move-in-ready! So you won’t need to worry about organizing anything yourself.
Who should rent a studio apartment in Madrid?
Renting a studio apartment in Madrid is ideal if you’re someone who enjoys having your own space. Moving to a new city on a low budget usually involves finding a shared room with people that you’ve never met before. While this can be an exciting prospect for a student, it’s not always the ideal situation to find yourself in as a young professional. If you are the kind of person that enjoys having a place to call their own, then a studio apartment is most certainly a great idea! While studio apartments vary in price depending on where you choose to live in Madrid, they almost always work out cheaper than renting a one-bedroom apartment. This makes them ideal for anyone moving to Madrid on a shoestring budget. Not only will the rent be lower for a studio apartment but you’ll also save on bills like electricity and gas. If you have your eye on living in one of Madrid’s most expensive areas, like the elegant district of Salamanca or upmarket neighborhood of Chamberi, opting for a studio apartment could allow you to experience life here without breaking the bank. While studio apartments aren’t typically rented by couples, there are some exceptions, as larger studio apartments with a spacious main room can be found in Madrid.
Best neighborhoods to look for studio apartments in Madrid
The best neighborhoods to rent in Madrid are entirely dependent on what you want to spend and the kind of lifestyle you want. If you're unfamiliar with the city, read out detailed guide on Madrid's best neighborhoods before you start your search.
Average rent for studio apartments in Madrid
Like many big cities, it can be difficult to narrow down an exact average for renting a studio apartment in Madrid. Not only does the price fluctuate year by year, but it is also dependent on the location in the city you want to live, how big you’d like your studio apartment to be, and the exact features you’d like to be included. When it comes to rental prices, your studio apartment’s location is by far the most defining factor. Studio apartments located in Madrid’s city center are likely to be a few hundred euros more expensive per month compared to a studio apartment in the city’s outer suburbs. Rent in Madrid isn’t as expensive compared to other European cities like Paris and London. They are, however, much more expensive compared to the rest of Spain. In Madrid, apartments are priced using a price per meter squared. If you’re the kind of person who loves a bit of luxury and wants to live in some of Madrid’s premium neighborhoods, rent will set you back around 19€/m2 for unfurnished properties. This is seen across neighborhoods like Salamanca, Chamberi, and Center. In exchange for high rent, you’ll be within walking distance of Madrid’s main park, Retiro, as well as some excellent shopping streets, upmarket restaurants, and bars. Heading a little further out of the city center, and rents drop to around 16€/m2 for a studio apartment. This includes neighborhoods such as Chamartin and Retiro. For something cheaper still, but relatively far away from the center of Madrid, you’ll need to search in neighborhoods such as Monclo and Tetuan where rents average 14€/m2 for unfurnished properties