Real rental prices, housing mix and market trend in Sol.
Median rent
€2,050/month
Mean: €2,200/month
Price per m²
28.9€
Madrid: 24.6€/m²
Trend
↑ 10.5%
€/m² vs previous period
Listings analyzed
272
Idealista listings
Prices, percentages and counts are calculated from Idealista listings of the last few months.
Sol is Spain's kilometre zero, the geographic centre of Madrid, and the first thing almost every new arrival types into a search. It is also, honestly, the place where fewest of them end up living. Around the Puerta del Sol you have Gran Vía, Preciados and Arenal: chain retail, permanent footfall, and tour groups at every hour of the day.
The numbers do not make a case for it. It has the highest median rent of the ten neighbourhoods here, 2,050€ for 68 m², and at 28.9€/m² you pay more than in Chamberí or Argüelles while getting nothing back in peace and quiet. Tourist and short-let pressure on the housing is obvious as soon as you scratch the supply.
What it does have is the best metro connection in the city and a position from which you can walk everywhere. If you are set on it, look at interior streets, view at night, and ask about the noise before you sign. But seriously consider living ten minutes away instead: for the same money, Chamberí or Argüelles buy a different life.
Transport: metro lines L1, L2 and L3 (Sol), L3 and L5 (Callao), L1 and L5 (Gran Vía), plus the Cercanías station under the square.
30% of rental flats in Sol have two bedrooms, followed by 26% with one bedroom. Studios make up 9% of the supply, and flats with four or more bedrooms, 14%.
Lift. 61% of rental homes here have a lift. Only six in ten homes have a lift. Behind the shop signs the buildings are old and narrow, and plenty have never been modernised inside.
Private landlord or agency. 5% of listings are posted by a private landlord, against 95% that come through an agency. As in most of Madrid, the supply is dominated by agencies.
The median rent in Sol is €2,050 a month. Most flats let for between €1,400 and €2,500 a month: a quarter of the supply falls below €1,400, and another quarter goes above €2,500.
Per square metre that works out at 28.9€/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 €2,600.
Against the city as a whole, Sol sits 37% above the Madrid median (€1,500/month), where the median price per square metre is 24.6€/m².
In Sol, 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 Sol 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 Sol has risen by 10.5% against the previous period.
Based on 272 Idealista listings in Sol 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 Sol 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 Sol is €2,050 a month, which works out at roughly 29€/m². Most flats let for between €1,400 and €2,500 a month. These figures come from 272 Idealista listings over the last few months.
Over the last few months, the price per square metre in Sol has risen by 10.5% against the previous period. The comparison is based on 126 listings in the earlier period and 146 in the more recent one.
61% of rental homes in Sol have a lift. Only six in ten homes have a lift. Behind the shop signs the buildings are old and narrow, and plenty have never been modernised inside.
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.