Cost of Living in Madrid for International Students

Last updated: 2/10/2026

Introduction

Madrid is one of Europe’s most attractive student cities, offering a high quality of life at a relatively affordable cost compared to other capitals.

Average Monthly Budget

  • Typical monthly range
  • Differences by lifestyle
  • Student vs shared housing

    • Housing Costs

  • Shared apartments
  • Student residences
  • Homestays

    • Food and Groceries

  • Supermarkets
  • Eating out
  • Student discounts

    • Transportation

  • Monthly transport pass
  • Discounts for students
  • Walking-friendly areas

    • Entertainment and Extras

  • Gym memberships
  • Social life
  • Travel within Spain

    • Tips to Save Money in Madrid

  • Budgeting advice
  • Student perks
  • Common mistakes to avoid