Rental Prices for Apartments Expats Like

One of the first relocation question we get from people moving to Madrid is: “How much renting an appartment with 1/2/3/4 bedroom(s) cost ?”

For apartments expats like in neighborhoods they feel comfortable living in – which is not the average, the rental prices are usually the following in our experience helping over 800 people rent in Madrid over the years:

  • Studio, 50 to 70 m2: 800 – 1200 € per month
  • 1 Bedroom Apartment, 60-100 m2: 900 – 1500 € per month, up to 2000 € for premium properties (like the one of the photo),
  • 2 Bedroom Apartment, 80-120 m2:1200 – 2000 € per month, up to 3000 € for premium properties,
  • 3 Bedroom apartment, 100-180 m2: 1500 – 2500 € per month, up to 4000 € for premium properties,

To put it simply, the bottom of the range would give you a standard apartment for international standards, the middle a nice property, the top total “wow” effect with outdoor space in most cases.

Remember, also that for shorter terms than 12 months, the monthly rental price will be increased by 20 to 50 % compared to its yearly equivalent.

If you want more of a specific estimate for your case, and like our clients this year, get the best flat for your budget, save in average 2000 € and 2 weeks in temporary accomodation and search: ask now for your free relocation consultation !

The apartments Madrid expats like to live in

Yes, expats and foreigners usually prefer better-than-average apartments for their relocation. And these appartments have higher-than-average prices. As I explained in “The typical Madrid apartment vs your expat quality expectations“:

“Madrid is a great place to live, but you have to know that the typical Madrid flat does not comply with the expectations of most newly arrived expats.”

In a nutshell, you will need to pay more than the market average for a an apartment you like.

 

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Relocation reality checks

Of course, depending on the neighborhood, the distance to the city centre and the size of the apartment (the smaller the apartment, the higher), prices will vary. See my interactive map of neighborhoods of Madrid, and read the description to get a feel of the most expensive and cheapest neighborhoods.

This first estimate will enable you to see what you can afford for your relocation. A good reality check is to ensure your total net revenues are 3 to 4 times superior to rent. If the rental prices are higher than what you had in your budget, feel free to send me an e-mail. I will give you some key tips based on local knowledge of Madrid and its real estate market.

In any case, for your relocation, I recommend you do the following:

 

 

And remember, if you need professional help for your move to Madrid, with answers to your specific questions in terms on how to optimize your budget, what is the best neighborhood for your lifestyle, or what are the dangers to dodge in rental contracts,

contact us at email@moving2madrid.com, or book directly a consultation by clicking the button at the bottom of the page.

 

Madridly yours,

Pierre, Arash & the Moving2Madrid Team – Madrid Property Search & Relocation

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This post is also available in: French, Italian

Posted on 13 March, 2016 by Pierre-Alban Waters in Rent - Costs, New ? Start Here

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5 responses to “Rental Prices for Apartments Expats Like”

  1. Hi Hana,

    Thank you for this comment. As your comment and questions were the same in our other post about neighborhoods for families, and I already responded there, I will give here so more information so I don’t repeat myself.

    After checking our map and selections of best schools and neighborhoods, I would recommend first of all checking your budget against typical house prices to see if you want to have a garden or not. This is a typical first choice for families: in the centre in an apartment, or a house further away.

    Again, we would be happy to discuss these questions – we have help parents decide on these topics based on their values and lifestyles for years, and love to coach fellow expats through these important decisions ! Our relocation expert, Arash Palizban, can be contacted directly at email@moving2madrid.com to then schedule a free consultation to answer your questions and define what is the best relocation option for you.

    All the best,
    Pierre

  2. Hana says:

    You’re post and website has been very helpful to me as I start to plan our move to madrid in September/october 2015. However, I am unable to find decent information on the web about neighborhoods with top public schools (not private) and the names of public schools listed. Do such things exist? Reviews of public schools etc are very common in Chicago/US and is what helps families decide where to move their family to. just hoping I can find something comparable when making a decision on what neighborhood in Madrid to move to. BTW my husband is from Ibiza Spain,and was living in madrid for years before coming to Chicago, where I am from. We plan to move back with two young daughters.

    Help please! 🙂

  3. […] The Cost of Living in Madrid – Utility Bills, Extras & Surprises to avoid […]

  4. Unfortunately, there is no reliable open information to evaluate each school, as you may have noticed on the web. I have been working to solve this situation for the just-landed expat community, and I can share with you our map centralizing all the best schools for expat kids in Madrid – the first of its kind. With my clients, we go deeper and then I help to make sure we find the best school according to their criteria.

    In a nutshell, all good private schools for expat kids are in the northern part of Madrid and its northern affluent suburbs.

    *
    Therefore, if you live in:

    * an affluent suburb in the north of Madrid, you will normally find one good expat school within 10-20 minutes car,
    * Madrid city center neighborhoods we mentioned, you either have LEK in the center (10-15 minutes) or more choices of schools within 20-30 minutes metro in the north-eastern part of Madrid.

    As for jobs, do check: http://moving2madrid.com/how-to-find-a-job-in-spain/
    For health care worker related jobs, I recommend you contact a specialist.

    Hope it helped ! All the best,
    Pierre

  5. I would like to know how the schools are there for a third grade child , as well as Jobs for a health care worker ?

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