All 23 neighborhoods in Madrid ranked by cost of living index. Updated 2026.
| # | Neighborhood | 1BR Rent | Index | vs Avg |
|---|---|---|---|---|
| 1 | Carabanchel | $770/mo | 0.70x | -30% |
| 2 | Vallecas | $792/mo | 0.72x | -28% |
| 3 | Usera | $792/mo | 0.72x | -28% |
| 4 | Barajas | $880/mo | 0.80x | -20% |
| 5 | Tetuán | $902/mo | 0.82x | -18% |
| 6 | Hortaleza | $935/mo | 0.85x | -15% |
| 7 | Fuencarral | $968/mo | 0.88x | -12% |
| 8 | Conde de Casal | $968/mo | 0.88x | -12% |
| 9 | Lavapiés | $990/mo | 0.90x | -10% |
| 10 | Prosperidad | $1,012/mo | 0.92x | -8% |
| 11 | Arganzuela | $1,045/mo | 0.95x | -5% |
| 12 | Arturo Soria | $1,045/mo | 0.95x | -5% |
| 13 | Atocha | $1,100/mo | 1.00x | Avg |
| 14 | Moncloa | $1,122/mo | 1.02x | +2% |
| 15 | La Latina | $1,155/mo | 1.05x | +5% |
| 16 | Chamartín | $1,188/mo | 1.08x | +8% |
| 17 | Moncloa-Aravaca | $1,188/mo | 1.08x | +8% |
| 18 | Malasaña | $1,210/mo | 1.10x | +10% |
| 19 | Chueca | $1,232/mo | 1.12x | +12% |
| 20 | Retiro | $1,265/mo | 1.15x | +15% |
| 21 | Barrio de las Letras | $1,265/mo | 1.15x | +15% |
| 22 | Chamberí | $1,298/mo | 1.18x | +18% |
| 23 | Salamanca | $1,430/mo | 1.30x | +30% |
Rent estimates based on city average of $1,100/mo adjusted by neighborhood cost index. Index 1.00 = city average.
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Open a Wise Account →The cheapest neighborhood in Madrid is Carabanchel, with an estimated 1-bedroom rent of $770/month — 30% below the city average.
The average 1-bedroom rent in Madrid is approximately $1,100/month. Rents range from $770/mo (Carabanchel) to $1,430/mo (Salamanca).
Our database covers 23 neighborhoods in Madrid, each with detailed cost-of-living and salary data.