Is it good to live in Madrid? Rent and neighborhoods, with today's data
It depends on what you want, but here is what today's listings say: renting an apartment in Madrid costs a median of COP 1,100,000 a month (number 27 by price of the 29 Colombian cities we track). Most listings are three-or-more-bedroom apartments, and the cheapest neighborhoods are Conjunto Residencial Provenzal and Sosiego. We don't measure safety or vibe: visit at different times of day and ask people who live there.
Data as of October 5, 2026, from live listings on Colombian property portals and agencies, deduplicated. Prices in Colombian pesos.
How much does it cost to rent in Madrid?
The typical range goes from COP 1,000,000 to COP 1,250,000 a month. One bedroom: COP 1,350,000. Two bedrooms: COP 1,200,000. Three or more: COP 1,100,000.
Cheapest neighborhoods in Madrid
- Conjunto Residencial Provenzal: COP 1,000,000 (21 listings)
- Sosiego: COP 1,040,000 (127 listings)
- Conjunto Residencial Abundara: COP 1,100,000 (23 listings)
- Potrero Grande: COP 1,100,000 (43 listings)
- Urbanizacion El Pinar: COP 1,100,000 (41 listings)
- Zona Centro: COP 1,100,000 (15 listings)
Most expensive neighborhoods in Madrid
- San Pedro: COP 1,250,000 (18 listings)
- San Luis: COP 1,250,000 (15 listings)
- La Prosperidad: COP 1,200,000 (21 listings)
- El Sosiego: COP 1,150,000 (53 listings)
- Conjunto Residencial Boreal: COP 1,150,000 (31 listings)
- Zona Centro: COP 1,100,000 (15 listings)
How to rent an apartment in Madrid as a foreigner →Is my rent too high in Madrid? →Madrid rental market report →Rent directly from the owner in Madrid →
Apartments in Madrid by budget
Where to live in Madrid, by situation
With a family →With pets →In a gated community →
Madrid vs other Colombian cities
Madrid vs Medellín →Madrid vs Bogotá →Madrid vs Envigado →Madrid vs Barranquilla →Madrid vs Sabaneta →Madrid vs Rionegro →Madrid vs Cúcuta →Madrid vs Cartagena →Madrid vs Chía →Madrid vs Cali →
FAQ
Is it good to live in Madrid?
It depends on what you want, but here is what today's listings say: renting an apartment in Madrid costs a median of COP 1,100,000 a month (number 27 by price of the 29 Colombian cities we track). Most listings are three-or-more-bedroom apartments, and the cheapest neighborhoods are Conjunto Residencial Provenzal and Sosiego. We don't measure safety or vibe: visit at different times of day and ask people who live there.
How much is rent in Madrid?
The median rent for an apartment in Madrid is COP 1,100,000 a month across 595 live listings on October 5, 2026; a one-bedroom is COP 1,350,000, a two-bedroom COP 1,200,000.
What are the cheapest neighborhoods to rent in Madrid?
Conjunto Residencial Provenzal (COP 1,000,000), Sosiego (COP 1,040,000), Conjunto Residencial Abundara (COP 1,100,000), Potrero Grande (COP 1,100,000), Urbanizacion El Pinar (COP 1,100,000), Zona Centro (COP 1,100,000). Medians of today's listings, neighborhoods with at least 15 listings.
What are the most expensive neighborhoods in Madrid?
San Pedro (COP 1,250,000), San Luis (COP 1,250,000), La Prosperidad (COP 1,200,000), El Sosiego (COP 1,150,000), Conjunto Residencial Boreal (COP 1,150,000), Zona Centro (COP 1,100,000).
Do I need a Colombian co-signer to rent in Madrid?
Usually landlords ask for a co-signer (codeudor) or an insurance policy (póliza) based on your income, plus ID and proof of income. By law (Ley 820 de 2003, art. 16) they cannot require a cash deposit for a residential lease. Furnished short-term rentals work differently and usually charge more.