Rent in Madrid in 2024: where prices rose most and where it is still cheaper
· imowiki
The median rent in Madrid was €13.97 per m² per month in 2024, across 21 districts ranging from €10.26 to €18.55. That is 15% more than in 2020.
Most expensive
| District | Rent €/m² |
|---|---|
| Chamberí | €18.55 |
| Salamanca | €18.31 |
| Centro | €17.70 |
| Chamartín | €17.07 |
| Tetuán | €16.08 |
Cheapest
| District | Rent €/m² |
|---|---|
| Villaverde | €10.26 |
| Vicálvaro | €11.01 |
| Usera | €11.18 |
| Puente de Vallecas | €11.48 |
| Latina | €11.54 |
Biggest rises since 2020
| District | 2020 | 2024 | Change |
|---|---|---|---|
| Villaverde | €8.65 | €10.26 | +19% |
| Carabanchel | €9.98 | €11.76 | +18% |
| Puente de Vallecas | €9.72 | €11.48 | +18% |
| Usera | €9.44 | €11.18 | +18% |
| Chamberí | €15.91 | €18.55 | +17% |
City median (Madrid)Villaverde
Smallest rises since 2020
| District | Change |
|---|---|
| Villa de Vallecas | +12% |
| Fuencarral-El Pardo | +12% |
| Hortaleza | +13% |
| Barajas | +14% |
| San Blas-Canillejas | +15% |
What a 2-bedroom (75 m²) costs
At the Madrid figure a 75 m² flat costs about €1,048 a month. In the cheapest area it is about €770, in the most expensive about €1,391.
How we calculate this
Median monthly rent per m² of flats, all declared leases. Source: Spanish Ministry of Housing (SERPAVI, tax data). Estimate = district median × size. Real prices depend on the building, floor and condition, and new contracts usually cost more than the median of all leases.