Cost of Living in Madrid For Students

Madrid is the capital and most populated city of Spain.

What is Madrid for student life?

Madrid is one of the best places for students to study. It is the most student-friendly city in the world. It means that students are sure to meet and find friends easily.

Is Madrid a good place to study?

The universities in Madrid are known for their best-in-class education system, attracting students to a wide range of subjects. 

 Is Madrid cheap or expensive to live in?

The cost of living in Madrid is affordable as compared to cities like Paris and London. Your monthly expense will come to €732 without tuition fees.

What is the cost of living in Madrid?

The cost of student accommodation in Madrid is affordable as many options exist. You can find three types of accommodation, which are given below in brief. 

Before we list the details of the cost of living in Madrid, let’s summarize its cost.

For more personalized information, use our cost of living calculator to estimate your desired area’s average cost of living.

How much does it cost to study in Madrid?

The cost of your tuition fees will depend upon the program and institution you choose to study in. We are listing the average cost of fees for undergraduates and post-graduates. But bear in mind that we only give the average cost; you must check in with the university of interest for your fees. 

What is the cost of accommodation in Madrid?

The cost of accommodation in Madrid will depend upon various factors. It will depend upon location, type of housing and facilities. We listed the three types of accommodations in Madrid and briefed each of them. It will give you an idea and help you choose the right accommodation. 

1. Student Housing

Student housing is one of the ideal types of accommodation. Many students choose it because it provides the best rooms and facilities. Students get more privacy and feel the comfort of staying at home. 

Most of the accommodations are at a distance of under 3 miles. While the ones outside of the city center are upto 20 miles. 

2. Private Apartment

Private apartments are also the best option to stay with friends. You can rent the whole apartment, or you can share the rent with friends. These apartments come with spacious rooms and modern amenities. 

3. University Halls

University Halls are built inside campuses built by universities. They are divided into private bedrooms, shared bathrooms, kitchens and common space. 

Food

The cost of food can vary depending on your spending habits. But, most importantly, it depends upon where you eat, location and what you eat! For instance, a burger will cost you €8 a meal will cost €12. While cooking at home will save money.

How much are utility bills in Madrid?

The cost of utility bills in Madrid is expensive. For instance, your water, cooling, heating, and garbage services will cost €160 a month. It excludes your internet etc. But, as students, you get to take advantage of student accommodation. All your bills are included in the rent if you stay in student housing or private apartments.

What is the best and easiest way to get around Madrid?

The best way to get around Madrid city is by the metro. You can get a student railcard and invest in Abono Joven for €33.50 a month and save on travel!

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