Rent affordability · Madrid
Can I afford €1,500/month rent in Madrid?
€1,500/month puts you in the top 46% of renters in Madrid by rent amount — €50 above the city median (€1,450).
Salary you need to afford this
Comfortable (25% rule)€72,000/yr
Manageable (30% rule)€60,000/yr
Stretch (35%)€51,429/yr
Risky (45%+)€40,000/yr
Based on gross annual salary. The 30% rule (manageable threshold) is the most widely used benchmark — it means €1,500/month consumes exactly 30% of your monthly income.
How this compares in Madrid
€950
Budget rent
P10
€1,450
Typical rent
median
€2,200
High-end rent
P90
People in Madrid typically spend 24–44% of their gross income on rent. The median renter spends 33%.
Data confidence: high · INE Encuesta de Presupuestos Familiares + Banco de España housing report 2023, adjusted for new-let market · 2023–2024
Other rent amounts in Madrid