Real rental prices, housing mix and market trend in Argüelles.
Median rent
€1,800/month
Mean: €2,076/month
Price per m²
24.3€
Madrid: 24.6€/m²
Trend
↑ 3.5%
€/m² vs previous period
Listings analyzed
185
Idealista listings
Prices, percentages and counts are calculated from Idealista listings of the last few months.
Argüelles is the student neighbourhood of Madrid, and has been for decades. It sits between the Parque del Oeste and Calle Princesa, minutes from the Complutense and the Politécnica universities, and it is the first address any Erasmus guide recommends. That sets the tone: shared flats, cafés full by mid-morning, and a neighbourhood that empties out in August.
There is more to it than the students. The upper part, towards the Parque del Oeste and the Templo de Debod, is green, residential and rather grand. With a median flat of 75 m² at 24.3€/m², below the Madrid average, it offers floor space that does not exist at that price in the centre, though the median rent of 1,800€ is a reminder that Moncloa is not a cheap district.
The Moncloa interchange connects to half the Madrid region, which is the neighbourhood's greatest asset and also its main nuisance: Calle Princesa is loud and heavy with traffic. Look at the quieter streets behind it, towards Ferraz and Marqués de Urquijo.
Transport: metro lines L3, L4 and L6 (Argüelles), L3 and L6 (Moncloa), L3 (Ventura Rodríguez), plus the Moncloa bus interchange.
32% of rental flats in Argüelles have two bedrooms, followed by 22% with one bedroom. Studios make up 8% of the supply, and flats with four or more bedrooms, 15%.
Lift. 82% of rental homes here have a lift. More than eight in ten homes have a lift: much of the neighbourhood went up in the middle of the twentieth century, in blocks that included one as standard.
Private landlord or agency. 8% of listings are posted by a private landlord, against 92% that come through an agency. As in most of Madrid, the supply is dominated by agencies.
The median rent in Argüelles is €1,800 a month. Most flats let for between €1,350 and €2,700 a month: a quarter of the supply falls below €1,350, and another quarter goes above €2,700.
Per square metre that works out at 24.3€/m². Applied to real floor areas, a 50 m² flat lands around €1,220 a month, a 70 m² flat around €1,700, and a 90 m² flat around €2,190.
Against the city as a whole, Argüelles sits 20% above the Madrid median (€1,500/month), where the median price per square metre is 24.6€/m².
In Argüelles, only 10% of listings go below 19.4€/m². If you find a 70 m² flat at €1,360 a month or less, it is below the 10th percentile for the neighbourhood.
That does not make it a scam, but it is worth checking before you go any further. A price well below the local market is the single most common red flag in rental fraud.
For reference, the 25th percentile in Argüelles sits at 22.0€/m². Below that, the price is good for the area without being anomalous.
Over the last few months, the price per square metre in Argüelles has risen by 3.5% against the previous period.
Based on 185 Idealista listings in Argüelles analyzed over the last few months. We compare two consecutive 28-day periods, and we measure the change in price per square metre rather than in median rent: median rent rises and falls with the size of the flats posted in a given week, which describes our sample rather than the market. Our history is still short, so these figures describe where the market is right now, not an annual trend.
Looking for a flat in Argüelles right now? The good listings are gone within hours. Our Idealista apartment alerts notify you the moment one matching your search goes live, before everyone else sees it.
The median rent in Argüelles is €1,800 a month, which works out at roughly 24€/m². Most flats let for between €1,350 and €2,700 a month. These figures come from 185 Idealista listings over the last few months.
Over the last few months, the price per square metre in Argüelles has risen by 3.5% against the previous period. The comparison is based on 95 listings in the earlier period and 90 in the more recent one.
82% of rental homes in Argüelles have a lift. More than eight in ten homes have a lift: much of the neighbourhood went up in the middle of the twentieth century, in blocks that included one as standard.
Expect to be asked for your NIE (Número de Identificación de Extranjero) if you are a foreigner, your last few payslips or proof of income, your employment contract, and increasingly a bank guarantee or several months of deposit. None of it is a legal requirement of the contract itself, but applicants who turn up without the paperwork ready lose the flat to someone who has it. Assemble the folder before you start viewing.