How to Rent Your First Apartment in Madrid?

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Have you decided to move to Madrid? That’s great! Fortunately, Madrid is one of the affordable metropolitan areas to live in. However, there is a lot to organize before moving, and one of the essential parts is to rent your first apartment. In this case, it is necessary to understand your purpose of renting, whether you are a student for a long term living in the city or a tourist for a month. The budget depends on that purpose. 

Renting an apartment for the first time may seem exhausting and even scary. 

But if you correctly follow some primary steps before renting, you will find an apartment you were looking for. 

1. Pick a neighborhood 

Madrid neighborhoods are diverse, and each of them has its own characteristics. Do some research and get to know a little more about each community so that you can choose the one appropriate to your lifestyle, personality, and budget. 

So whether you want a simple flat or a more luxurious apartment, Madrid has a lot to offer. 

Before renting an apartment in one of these neighborhoods, consider choosing a district near public transport, surrounded by grocery stores, and near your office/school if possible. 

If you rent your first apartment in Madrid, you will also want the neighborhood to be attractive and full of places of interest. Then there are a lot of options to choose the golden mean.  

2. Plan your budget

Decide how much you are ready to spend to rent your first apartment. In short, plan your budget. It mostly depends on whether you will have a job in Madrid, as a student or a tourist with a limited budget. 

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Consider other expenses like utilities, food, transportation, and not only, and you will clearly understand how much you can afford to spend on an apartment. 

Moreover, planning a budget will help you avoid situations where you rent a luxury apartment but can’t pay for it at the end of the month. According to the National Statistics Institute data published in 2021 November 2021, prices in Spain rose 5.5%. 

So, considering this fact, your first apartment can be on an average budget. After living for some time in Madrid, you will understand better how much you are spending per month and if you can afford a better apartment.  

3. Hire a real estate agent 

If this is your first time in Madrid, and you want to rent your first apartment, there would be some difficulties for you to do it all by yourself. 

In such situations, real estate agents can help you with all those procedures. 

Sure, their services are not free. They would charge you athe month’s rent to find you an appropriate apartment. 

As there are a lot of furnished apartments for rent in Madrid, you may be confused about where to find one or which apartment is good for you. Their help will navigate you through the options relevant to your needs. 

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Consider the fact that not all real estate agents are your friend. They would be swindlers who can borrow money from you and not find an apartment.

So, if you decide to hire a real estate agent, research online or ask people on forums who had a good experience and choose them carefully.

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Conclusion

Renting your first apartment in Madrid is an inspiring experience. But there are many details to consider if you want to spend your money wisely and rent the best apartment matching all your needs and requirements. So don’t rush while choosing an apartment. 

Instead, look around and do research. You have a lot of opportunities in Madrid to find a suitable flat, follow the main steps that we mentioned above. 

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