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## See this property the way you'd actually live in it.

Two quick details so the numbers reflect _your_ situation.

Your UK postcode (or first part)

💡 Enter your full UK postcode for figures that reflect your actual area. Without it we use national averages only.

[Find my postcode →](https://www.royalmail.com/find-a-postcode)I'm not from the UK

Life stage

🧳 Moving solo Single or independent 👫 Couple Two of you relocating 👨‍👩‍👧 Family Children coming too 🌅 Retiring Semi or fully retired 

Your current housing in the UK

🔑 Renting I pay rent every month 🏠 Own with mortgage I have a mortgage I'm still paying ✓ Own outright No mortgage — I own my home 

Total comfortable life · all-in monthly

£2,800

UK

€1,720

Madrid

Save 48% 

Estimated savings vs your current life

Year 1

£16,056

3 years

£48,168

5 years

£80,280

That's enough to buy a property outright in many Spanish cities

Show me this property →

No account needed · Nothing stored without your permission

[RelocateIQ](/)

[Spain](/spain)[Compare](/compare)

ComparisonNeighbourhoodDaily costsGetting aroundLocal lifeMarketCalculatorsPracticalities

🔖 Save📷 View photo[View on Idealista ↗](https://www.idealista.com/inmueble/25713671/)

To rent

# Apartment in Retiro, Madrid — €950 / mo

Studio in Pacífico, Madrid

1 baths 50 m² Floor 6 Lift 

[Looking to buy in Retiro? View district → ](/spain/madrid/retiro)

-   Retiro, Madrid 
-   Rent ~€2,375/mo 
-   medium expat community · Walkability 9/10 

Your personalised cost comparison will appear here

The neighbourhood

## What Retiro is actually like

Retiro carries a medium expat density by Madrid standards, which in practice means a visible but not dominant international presence. Embassy staff from across Latin America, the EU, and the Middle East cluster particularly around the southern end of the district near Avenida del Doctor Esquerdo and the quieter residential streets off Calle de Narváez. British, French, and German professionals make up a notable share of the non-Spanish population, many drawn by proximity to international schools and the relative calm of the neighbourhood compared to <a href="/spain/madrid/salamanca">living in Salamanca</a> or Chueca. The district logs 26 English-language services — from legal advisers to medical clinics — making day-to-day logistics manageable for new arrivals (RelocateIQ local data, April 2026).

The local resident base is predominantly affluent Spanish families and senior professionals who have chosen Retiro specifically for its safety scores and park adjacency. This is not a district of young renters cycling through; turnover is low and community ties run deep. Expats tend to socialise at a handful of well-established cafés — Minos Pastry & Specialty Coffee and VEIA Café & Clubhouse both function as informal meeting points for the international crowd — rather than at bars, which are comparatively sparse at just eight venues across the district (RelocateIQ local data, April 2026).

Purchase prices in Retiro reflect its status as one of Madrid's premier residential addresses. Studios carry a median purchase price of €325,000, while one-bedroom apartments sit at €525,000. Two-bedroom properties — the most actively traded format — have a median of €775,000, and three-bedroom homes reach €1,120,000. At the top end, four-bedroom properties median at €1,580,000 and five-bedroom-plus homes at €2,350,000 (Fotocasa, April 2026). These figures are not outliers; they reflect a district where the average price per square metre stands at €8,700 — 103.8% above the Madrid city average (Fotocasa, April 2026).

Best for

-   ✓ Affluent professionals 
-   ✓ Park-loving families 
-   ✓ Diplomats 

Not for

-   × Budget renters 
-   × Nightlife chasers 
-   × First-time buyers 

Walkability

9.0/10 

Transit

9.0/10 

Safety

9.0/10 

Family

9.0/10 

Nightlife

5.0/10 

Green space

10.0/10 

Value

6.0/10 

Cost of life

## What life actually costs in Madrid

Monthly estimates · compared to London

Eating Out

€250

vs £400 in London

−37%

Groceries

€240

vs £340 in London

−29%

Transport

€55

vs £180 in London

−69%

Utilities

€130

vs £205 in London

−36%

Internet

€35

vs £50 in London

−30%

Gym

€45

vs £70 in London

−35%

Morning coffee

€1.70

per cup · vs London price

−36%

Draught beer

€3.20

per pint · vs London price

−36%

Figures are city-level monthly estimates. Source: Numbeo Cost of Living Index 2024, updated quarterly.

Getting around

## How connected is Retiro?

Madrid-Barajas Airport

🚌 65 min transit

🚗 24 min drive

Puerta del Sol, Madrid

🚌 25 min transit

🚗 16 min drive

Madrid Atocha Station

🚶 25 min walk

🚌 17 min transit

🚗 10 min drive

Nearest metro: Sainz de Baranda  · 581m

€950

⚠ Approximate

[Open in Maps ↗](https://maps.google.com/?q=40.4072058,-3.6785799)

Market intelligence

## The Retiro property market

Price growth · last 12 months

+5.5%

2026 forecast

+4.8%

📅 Market data last verified: 24 August 2026

[🗺️ 

Full neighbourhood guide

Schools · cafés · expat life · what it's really like

› ](/spain/madrid/retiro)

Balanced Week of 2026-08-24 

### Buy

Balanced 

Active listings

40

Median price

€749,500

€7,633/m²

Avg days on market

76

Weeks of supply

—

### Rent

Balanced 

Active listings

37

Median price

€2,000

/month

Avg days on market

75

Weeks of supply

—

District intelligence · RelocateIQ

Run the numbers

## Calculators for your situation

🏦 

Mortgage calculator

What would monthly payments be?

🛒 

Cost of living

How far does your income go here?

⚖️ 

Beckham Law calculator

Remote worker? See your tax saving

PRACTICALITIES

## What renting here actually involves

Deposit

Spanish law limits deposits to 1 month's rent for residential properties. Landlords sometimes request an additional month as guarantee. Expect 1–2 months upfront: approximately €4,750 for this property.

Contract

Standard Spanish rental contracts run for 5 years minimum (7 if landlord is a company). You can leave after 6 months with 30 days notice. Contracts must be in Spanish — always use a bilingual version.

NIE & Padrón

You will need an NIE number to sign a rental contract in Spain. Register on the Padrón (local census) within 3 months of arriving — this unlocks healthcare, schools and local services.

[Looking to buy in Retiro instead? View district → ](/spain/madrid/retiro)

Relocation guides

### Everything you need to know about moving to Madrid

[

Visa & legal requirements

spain/madrid/guides/visa-legal





](/spain/madrid/guides/visa-legal)[

Non-resident mortgages

spain/madrid/guides/mortgages





](/spain/madrid/guides/mortgages)[

Health insurance in Spain

spain/madrid/guides/health-insurance





](/spain/madrid/guides/health-insurance)[

Setting up utilities

spain/madrid/guides/utilities





](/spain/madrid/guides/utilities)[

Mobile & internet

spain/madrid/guides/mobile-connectivity





](/spain/madrid/guides/mobile-connectivity)[

Removals & shipping

spain/madrid/guides/removals





](/spain/madrid/guides/removals)[

Bringing your pet

spain/madrid/guides/importing-pet





](/spain/madrid/guides/importing-pet)

Guides & tools

## Everything you need to move to Madrid

Practical reading for renters arriving in Madrid.

[

### Visa & legal in Madrid

Read the guide → 

](/spain/madrid/guides/visa-legal)[

### Health insurance in Madrid

Read the guide → 

](/spain/madrid/guides/health-insurance)[

### Utilities in Madrid

Read the guide → 

](/spain/madrid/guides/utilities)[

### Mobile & connectivity in Madrid

Read the guide → 

](/spain/madrid/guides/mobile-connectivity)[

### Removals to Madrid

Read the guide → 

](/spain/madrid/guides/removals)

Explore more

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[

Everything about living in Madrid

Cost of living · schools · healthcare · visa · expat life



](/spain/madrid)

### Other neighbourhoods in Madrid

Each neighbourhood has its own character — prices to help you choose where to look next

[

Arganzuela

🔑 Rent from: €850/mo 🏠 Buy from: €165k 

](/spain/madrid/arganzuela)[

Barajas

🔑 Rent from: €650/mo 🏠 Buy from: €110k 

](/spain/madrid/barajas)[

Carabanchel

🔑 Rent from: €550/mo 🏠 Buy from: €105k 

](/spain/madrid/carabanchel)[

Centro

🔑 Rent from: €900/mo 🏠 Buy from: €190k 

](/spain/madrid/centro)[

Chamartín

🔑 Rent from: €950/mo 🏠 Buy from: €210k 

](/spain/madrid/chamartin)[

Chamberí

🔑 Rent from: €900/mo 🏠 Buy from: €220k 

](/spain/madrid/chamberi)[

Ciudad Lineal

🔑 Rent from: €850/mo 🏠 Buy from: €145k 

](/spain/madrid/ciudad-lineal)[

Fuencarral-El Pardo

🔑 Rent from: €850/mo 🏠 Buy from: €190k 

](/spain/madrid/fuencarral-el-pardo)[

Hortaleza

🔑 Rent from: €750/mo 🏠 Buy from: €150k 

](/spain/madrid/hortaleza)[

Latina

🔑 Rent from: €700/mo 🏠 Buy from: €95k 

](/spain/madrid/latina)[

Moncloa-Aravaca

🔑 Rent from: €850/mo 🏠 Buy from: €200k 

](/spain/madrid/moncloa-aravaca)[

Moratalaz

🔑 Rent from: €650/mo 🏠 Buy from: €98k 

](/spain/madrid/moratalaz)[

Puente de Vallecas

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/madrid/puente-de-vallecas)[

Salamanca

🔑 Rent from: €1,100/mo 🏠 Buy from: €320k 

](/spain/madrid/salamanca)[

San Blas-Canillejas

🔑 Rent from: €600/mo 🏠 Buy from: €115k 

](/spain/madrid/san-blas-canillejas)[

Tetuán

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/madrid/tetuan)[

Usera

🔑 Rent from: €650/mo 🏠 Buy from: €95k 

](/spain/madrid/usera)[

Vicálvaro

🔑 Rent from: €650/mo 🏠 Buy from: €105k 

](/spain/madrid/vicalvaro)[

Villa de Vallecas

🔑 Rent from: €600/mo 🏠 Buy from: €95k 

](/spain/madrid/villa-de-vallecas)[

Villaverde

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/madrid/villaverde)

### Plan your move

Practical guides for relocating to Madrid

[

Visa & legal 

](/spain/madrid/guides/visa-legal)[

Non-resident mortgages 

](/spain/madrid/guides/mortgages)

### Explore other cities in Spain

Not sure Madrid is right? Prices to help you compare

[

🇪🇸 Barcelona 

Cosmopolitan coastal capital of Catalonia

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/barcelona)[

🇪🇸 Madrid 

Energy and culture at the heart of Spain

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/madrid)[

🇪🇸 Seville 

Andalusian charm, classic Spain

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/seville)[

🇪🇸 Valencia 

Beach city with a relaxed pace

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/valencia)[

🇪🇸 Málaga 

Sunny Costa del Sol hub, expat-friendly

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/malaga)[

🇪🇸 Alicante 

Affordable beach living on the Costa Blanca

🔑 Rent from: €350/mo 🏠 Buy from: €38k 

](/spain/alicante)[

🇪🇸 Granada 

Historic, walkable, low cost of living

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/granada)[

🇮🇨 Tenerife 

Year-round sun and island lifestyle

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/tenerife)[

🇪🇸 Palma de Mallorca 

Island capital with international scene

🔑 Rent from: €650/mo 🏠 Buy from: €90k 

](/spain/palma-de-mallorca)[

🇪🇸 Cádiz 

Atlantic coast, ancient and unhurried

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/cadiz)[

🇪🇸 Girona 

Medieval Catalan city near the Pyrenees

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/girona)[

🇪🇸 Tarragona 

Roman heritage on the Costa Daurada

🔑 Rent from: €1/mo 🏠 Buy from: €0k 

](/spain/tarragona)

🇪🇸 Bilbao 

Coming soon 

Basque culture and modern art

Prices available on launch

🇪🇸 San Sebastián 

Coming soon 

Coastal gastronomy capital

Prices available on launch

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