Real rental prices, housing mix and market trend in Lavapiés. (officially Lavapiés-Embajadores)
Median rent
€1,500/month
Mean: €1,604/month
Price per m²
27.4€
Madrid: 24.6€/m²
Trend
↑ 5.0%
€/m² vs previous period
Listings analyzed
592
Idealista listings
Prices, percentages and counts are calculated from Idealista listings of the last few months.
Lavapiés, officially Lavapiés-Embajadores, is the most multicultural corner of Madrid and the cheapest way into the centre. The streets fall away downhill south of Tirso de Molina, past restored corralas, small theatres, grocers and restaurants from half the world, and a mix of accents you will not hear anywhere else in the city.
It is where students and new arrivals land, in the same stairwells as madrileños who have lived there for forty years. The median rent is 1,500€, exactly the city median, but check the square metres before celebrating: that buys a 50 m² flat rather than the 65 m² city median, which is why the price per square metre, 27.4€, sits above the Madrid average. You pay less per month because you rent less flat.
If you want street life at any hour, an international crowd and a location you can walk out of in any direction, this is it. What you accept in exchange is old housing, stairs, small rooms and noise. It is a good first address in Madrid and a hard one to raise a family in.
Transport: metro lines L3 and L5 (Embajadores), L3 (Lavapiés), L1 (Tirso de Molina, Antón Martín), plus the Cercanías commuter rail at Embajadores.
37% of rental flats in Lavapiés have one bedroom, followed by 36% with two bedrooms. Studios make up 12% of the supply, and flats with four or more bedrooms, 4%.
Lift. 53% of rental homes here have a lift. Barely half the flats have a lift. This is the oldest housing stock of the ten neighbourhoods here, narrow buildings and converted corralas where walking up is still normal.
Private landlord or agency. 4% of listings are posted by a private landlord, against 96% that come through an agency. As in most of Madrid, the supply is dominated by agencies.
The median rent in Lavapiés is €1,500 a month. Most flats let for between €1,195 and €1,891 a month: a quarter of the supply falls below €1,195, and another quarter goes above €1,891.
Per square metre that works out at 27.4€/m². Applied to real floor areas, a 50 m² flat lands around €1,370 a month, a 70 m² flat around €1,920, and a 90 m² flat around €2,470.
Against the city as a whole, Lavapiés sits in line with the Madrid median (€1,500/month), where the median price per square metre is 24.6€/m².
In Lavapiés, only 10% of listings go below 19.2€/m². If you find a 70 m² flat at €1,340 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 Lavapiés sits at 23.3€/m². Below that, the price is good for the area without being anomalous.
Over the last few months, the price per square metre in Lavapiés has risen by 5.0% against the previous period.
Based on 592 Idealista listings in Lavapiés 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 Lavapiés 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 Lavapiés is €1,500 a month, which works out at roughly 27€/m². Most flats let for between €1,195 and €1,891 a month. These figures come from 592 Idealista listings over the last few months.
Over the last few months, the price per square metre in Lavapiés has risen by 5.0% against the previous period. The comparison is based on 267 listings in the earlier period and 325 in the more recent one.
53% of rental homes in Lavapiés have a lift. Barely half the flats have a lift. This is the oldest housing stock of the ten neighbourhoods here, narrow buildings and converted corralas where walking up is still normal.
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.