Real rental prices, percentiles and housing mix in Argüelles.
Median rent
€2,045/month
Mean: €2,274/month
Price per m²
27.0€
Madrid: 26.8€/m²
Median size
75 m²
Madrid: 62 m²
Listings analyzed
142
Idealista listings
Prices, percentages and counts are calculated from Idealista listings of the last few months.
Argüelles is the student neighbourhood of Madrid, and has been for decades. It sits between the Parque del Oeste and Calle Princesa, minutes from the Complutense and the Politécnica universities, and it is the first address any Erasmus guide recommends. That sets the tone: shared flats, cafés full by mid-morning, and a neighbourhood that empties out in August.
There is more to it than the students. The upper part, towards the Parque del Oeste and the Templo de Debod, is green, residential and rather grand. With a median flat of 75 m² at 24.3€/m², below the Madrid average, it offers floor space that does not exist at that price in the centre, though the median rent of 1,800€ is a reminder that Moncloa is not a cheap district.
The Moncloa interchange connects to half the Madrid region, which is the neighbourhood's greatest asset and also its main nuisance: Calle Princesa is loud and heavy with traffic. Look at the quieter streets behind it, towards Ferraz and Marqués de Urquijo.
Transport: metro lines L3, L4 and L6 (Argüelles), L3 and L6 (Moncloa), L3 (Ventura Rodríguez), plus the Moncloa bus interchange.
44% of rental flats in Argüelles have two bedrooms, followed by 20% with three bedrooms. Studios make up 6% of the supply, and flats with four or more bedrooms, 12%.
Lift. 95% of rental homes here have a lift. More than eight in ten homes have a lift: much of the neighbourhood went up in the middle of the twentieth century, in blocks that included one as standard.
Private landlord or agency. 15% of listings are posted by a private landlord, against 85% that come through an agency. As in most of Madrid, the supply is dominated by agencies.
The median rent in Argüelles is €2,045 a month. Most flats let for between €1,600 and €3,000 a month: a quarter of the supply falls below €1,600, and another quarter goes above €3,000.
Per square metre that works out at 27.0€/m². Applied to real floor areas, a 50 m² flat lands around €1,350 a month, a 70 m² flat around €1,890, and a 90 m² flat around €2,430.
Against the city as a whole, Argüelles sits 28% above the Madrid median (€1,600/month), where the median price per square metre is 26.8€/m².
In Argüelles, only 10% of listings go below 19.7€/m². If you find a 70 m² flat at €1,380 a month or less, it is below the 10th percentile for the neighbourhood.
That does not make it a scam, but it is worth checking before you go any further. A price well below the local market is the single most common red flag in rental fraud.
For reference, the 25th percentile in Argüelles sits at 23.4€/m². Below that, the price is good for the area without being anomalous.
We check that our sample can support a trend before publishing one, and right now it cannot. At the number of listings we analyse per period in Madrid, splitting that same data in half at random already produces swings of more than 15%, with no change in the market at all. Any percentage we published would describe the size of our sample rather than rents.
The prices on this page are unaffected: a median needs far less history than a trend does. We will publish the change again once we can compare two long periods on the same coverage.
Looking for a flat in Argüelles right now? The good listings are gone within hours. Our Idealista apartment alerts notify you the moment one matching your search goes live, before everyone else sees it.
The median rent in Argüelles is €2,045 a month, which works out at roughly 27€/m². Most flats let for between €1,600 and €3,000 a month. These figures come from 142 Idealista listings over the last few months.
We do not publish a price trend for Argüelles yet. We check that the sample supports one, and for now it does not: the change we would calculate falls inside the margin of error of the sample itself. The median and percentiles on this page are sound.
95% of rental homes in Argüelles have a lift. More than eight in ten homes have a lift: much of the neighbourhood went up in the middle of the twentieth century, in blocks that included one as standard.
Expect to be asked for your NIE (Número de Identificación de Extranjero) if you are a foreigner, your last few payslips or proof of income, your employment contract, and increasingly a bank guarantee or several months of deposit. None of it is a legal requirement of the contract itself, but applicants who turn up without the paperwork ready lose the flat to someone who has it. Assemble the folder before you start viewing.