How much is rent in Madrid?

Rent in Madrid averages €1,600 for a 90m2 apartment, making it 26% higher than the national average in Spain. While this sounds high, it's quite manageable given local salaries. You can expect to pay around €1,200 for a 1-bedroom apartment in the city center, or about €900 if you're willing to live further out in neighborhoods like Carabanchel or Usera. For a 3-bedroom, you're looking at €2,000 in the center or €1,400 outside. Compared to other major European cities, Madrid offers excellent value. For example, a similar 90m2 apartment in Paris would cost you closer to €2,800. Net Life Value gives Madrid a "Rent vs. Salary" score of 6.2/10, indicating good affordability relative to typical local incomes. If you're considering Madrid, start your search early and be prepared to act fast. Good places go quickly, especially in popular areas.