Rent in Madrid vs Oviedo
Madrid · Comunidad de Madrid — Asturias · Principado de Asturias · INE data 2026
Renting in Oviedo is 83% cheaper than in Madrid. The difference is €455/month — a saving of €5,460 per year.
€1006/month in Madrid vs €551/month in Oviedo. National average: €648/month.
Context
Madrid (Comunidad de Madrid) and Oviedo (Principado de Asturias) represent two rental markets from different Spanish autonomous communities. Oviedo is the more affordable option, saving €455/month compared to Madrid. Unemployment in Oviedo (10.5%) is higher than in Madrid (7.1%), which may affect rental demand and purchasing power.
Estimated rent
Madrid
1006€/month
Oviedo
551€/month
Annual change
Madrid
+2.7%
Oviedo
+1.8%
INE index (base 2015=100)
Madrid
118.3
Oviedo
112.5
vs national average
Madrid
+358€
Oviedo
-97€
Population
Madrid
3,506,730
Oviedo
223,968
Per capita income
Madrid
19,632€
Oviedo
16,926€
Rent-to-income ratio
Madrid
61.5%
Oviedo
39.1%
Where is it better to rent?
In terms of rent, Oviedo is the more affordable option at €551/month, 83% less than Madrid (€1006/month). Living in Oviedo saves €5,460 per year compared to Madrid.
Madrid
Madrid · Comunidad de Madrid
1006€/month
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Oviedo
Asturias · Principado de Asturias
551€/month
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Cost of living guides
More comparisons with Madrid
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →