Community of Madrid · INE IPVA · May 2024
Rent in the Community of Madrid:
no municipality below €950
50 municipalities analysed. The cheapest is San Fernando de Henares at €953/month. The most expensive, Villanueva de la Cañada, at €1,069 — €63 above the capital.
50
municipalities
953€
community minimum
+2,3%
avg rise 2022→23
The Madrid paradox: Villanueva de la Cañada (€1,069) is the most expensive municipality in the region — ahead of the capital (€1,006). This is not an isolated case: 31 of the 50 municipalities exceed €1,000/month. The metropolitan belt offers no affordable alternative.
All 50 municipalities, ranked by price
Analysis
The Community of Madrid has Spain's most uniformly expensive metropolitan rental market. The gap between the most expensive municipality (Villanueva de la Cañada, €1,069) and the cheapest (San Fernando de Henares, €953) is just €116 — a 12% range. In Catalonia, for example, the same gap exceeds 100%.
Most municipalities in the metropolitan belt converge in the €990–1,030/month range — the same range as the capital. This means that moving within the region does not significantly reduce rental costs.
In terms of annual change, the average rise is +2.3%, with Villanueva de la Cañada (+3.7%) and Valdemorillo (+3.4%) leading. No municipality in the region recorded a price drop in 2023.
Methodology
Rent data comes from the INE's Housing Rent Price Index (IPVA), base 2015=100. The estimated price in €/month is obtained by applying the index to the 2015 provincial reference price. The annual change corresponds to the 2022→2023 variation. 2023 data is the most recent published by INE. The IPVA index is published with approximately 18 months' lag from the reference year.
How to cite
UrbanStatsLab (2024). "Rent in the Community of Madrid 2023: no municipality below €950". INE IPVA data. urbanstatslab.com