Real rental prices, housing mix and market trend in Chueca. (officially Chueca-Justicia)
Median rent
€1,780/month
Mean: €2,037/month
Price per m²
28.8€
Madrid: 24.6€/m²
Trend
↓ 11.3%
€/m² vs previous period
Listings analyzed
289
Idealista listings
Prices, percentages and counts are calculated from Idealista listings of the last few months.
Chueca, officially Chueca-Justicia, is the historic LGBTQ+ quarter of Madrid and remains its main social hub. The square that gives it its name, along with Hortaleza, Fuencarral and Pelayo, holds a concentration of design shops, restaurants and bars that never really lets up. The Justicia half, towards Alonso Martínez, is considerably calmer than the neighbourhood's reputation suggests.
It draws foreign residents, young couples and well-paid professionals, and the flats are often the most design-conscious in central Madrid. The pricing follows: a median of 1,780€ for 65 m² puts it in the city's upper bracket. One figure stands out. Just 3% of listings come from a private landlord, the lowest share of the ten neighbourhoods here. In Chueca you rent through an agency, effectively without exception.
The price of the atmosphere is noise, constant around the square, and clear exposure to tourism. If you want the location without the volume, look at the Justicia streets before you look at Chueca itself.
Transport: metro lines L5 (Chueca), L1 and L5 (Gran Vía), L4, L5 and L10 (Alonso Martínez) and L2 (Banco de España).
38% of rental flats in Chueca have one bedroom, followed by 37% with two bedrooms. Studios make up 17% of the supply, and flats with four or more bedrooms, 1%.
Lift. 70% of rental homes here have a lift. Seven in ten flats have a lift: many old buildings have been heavily renovated for the rental market, but the narrowest ones still do without.
Private landlord or agency. 3% of listings are posted by a private landlord, against 97% that come through an agency. As in most of Madrid, the supply is dominated by agencies.
The median rent in Chueca is €1,780 a month. Most flats let for between €1,500 and €2,300 a month: a quarter of the supply falls below €1,500, and another quarter goes above €2,300.
Per square metre that works out at 28.8€/m². Applied to real floor areas, a 50 m² flat lands around €1,440 a month, a 70 m² flat around €2,020, and a 90 m² flat around €2,590.
Against the city as a whole, Chueca sits 19% above the Madrid median (€1,500/month), where the median price per square metre is 24.6€/m².
In Chueca, only 10% of listings go below 22.2€/m². If you find a 70 m² flat at €1,550 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 Chueca sits at 25.0€/m². Below that, the price is good for the area without being anomalous.
Over the last few months, the price per square metre in Chueca has fallen by 11.3% against the previous period.
Based on 289 Idealista listings in Chueca 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 Chueca 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 Chueca is €1,780 a month, which works out at roughly 29€/m². Most flats let for between €1,500 and €2,300 a month. These figures come from 289 Idealista listings over the last few months.
Over the last few months, the price per square metre in Chueca has fallen by 11.3% against the previous period. The comparison is based on 127 listings in the earlier period and 162 in the more recent one.
70% of rental homes in Chueca have a lift. Seven in ten flats have a lift: many old buildings have been heavily renovated for the rental market, but the narrowest ones still do without.
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.