Rent in Elx/Elche vs Madrid
Alicante/Alacant · Comunitat Valenciana — Madrid · Comunidad de Madrid · INE data 2026
Renting in Elx/Elche is 37% cheaper than in Madrid. The difference is €368/month — a saving of €4,416 per year.
€638/month in Elx/Elche vs €1006/month in Madrid. National average: €648/month.
Context
Elx/Elche (Comunitat Valenciana) and Madrid (Comunidad de Madrid) represent two rental markets from different Spanish autonomous communities. Elx/Elche is the more affordable option, saving €368/month compared to Madrid. Unemployment in Elx/Elche (14.3%) is higher than in Madrid (7.1%), which may affect rental demand and purchasing power.
Estimated rent
Elx/Elche
638€/month
Madrid
1006€/month
Annual change
Elx/Elche
+2.8%
Madrid
+2.7%
INE index (base 2015=100)
Elx/Elche
120.4
Madrid
118.3
vs national average
Elx/Elche
-10€
Madrid
+358€
Population
Elx/Elche
245,557
Madrid
3,506,730
Per capita income
Elx/Elche
11,849€
Madrid
19,632€
Rent-to-income ratio
Elx/Elche
64.6%
Madrid
61.5%
Where is it better to rent?
In terms of rent, Elx/Elche is the more affordable option at €638/month, 37% less than Madrid (€1006/month). Living in Elx/Elche saves €4,416 per year compared to Madrid.
Elx/Elche
Alicante/Alacant · Comunitat Valenciana
638€/month
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Madrid
Madrid · Comunidad de Madrid
1006€/month
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Cost of living guides
More comparisons with Elx/Elche
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →