Real rental prices, housing mix and market trend in Trafalgar.
Median rent
€1,700/month
Mean: €1,951/month
Price per m²
27.7€
Madrid: 24.6€/m²
Trend
Stable
€/m² vs previous period
Listings analyzed
251
Idealista listings
Prices, percentages and counts are calculated from Idealista listings of the last few months.
Trafalgar is Chamberí at its most typical, and Chamberí is the district relocation agents name again and again as the most requested in Madrid. Life here revolves around the Plaza de Olavide and its ring of terraces, in a fabric of neighbourhood shops, covered markets and a restaurant scene that has grown fast over the past decade.
It is authentically madrileño and expensive at the same time: a median of 1,700€ for 65 m², exactly the city's median size. It attracts families with school-age children, professionals in their thirties, and foreigners who have already done a year in the centre and now want to sleep at night. Schools and healthcare are among the best in the city.
What you will not find here is a deal. The 251 listings we analysed move fast and almost always through an agency, and asking rents reflect how many people want to be here. Nightlife beyond the terraces on Olavide is limited. This is a neighbourhood to settle in rather than a neighbourhood to spend a year in.
Transport: metro lines L1 and L4 (Bilbao), L1 (Iglesia), L2 (Quevedo) and L4, L5 and L10 (Alonso Martínez).
35% of rental flats in Trafalgar have two bedrooms, followed by 34% with one bedroom. Studios make up 11% of the supply, and flats with four or more bedrooms, 7%.
Lift. 74% of rental homes here have a lift. Three quarters of homes have a lift: late nineteenth-century blocks sit alongside post-war buildings that were designed with one from the start.
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 Trafalgar is €1,700 a month. Most flats let for between €1,300 and €2,450 a month: a quarter of the supply falls below €1,300, and another quarter goes above €2,450.
Per square metre that works out at 27.7€/m². Applied to real floor areas, a 50 m² flat lands around €1,380 a month, a 70 m² flat around €1,940, and a 90 m² flat around €2,490.
Against the city as a whole, Trafalgar sits 13% above the Madrid median (€1,500/month), where the median price per square metre is 24.6€/m².
In Trafalgar, only 10% of listings go below 20.9€/m². If you find a 70 m² flat at €1,460 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 Trafalgar sits at 24.1€/m². Below that, the price is good for the area without being anomalous.
The price per square metre in Trafalgar has held steady over the last few months, moving only 2.2% against the previous period. That is too small a difference to read as a real market move.
Based on 251 Idealista listings in Trafalgar 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 Trafalgar 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 Trafalgar is €1,700 a month, which works out at roughly 28€/m². Most flats let for between €1,300 and €2,450 a month. These figures come from 251 Idealista listings over the last few months.
The price per square metre in Trafalgar has held steady over the last few months, moving only 2.2% against the previous period. That is too small a difference to read as a real market move. The comparison is based on 108 listings in the earlier period and 142 in the more recent one.
74% of rental homes in Trafalgar have a lift. Three quarters of homes have a lift: late nineteenth-century blocks sit alongside post-war buildings that were designed with one from the start.
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.