One of your most important questions when coming to Madrid is probably how much money will you need in your everyday life. Although the average monthly expenses of a student are about €900-1,300, prices (especially housing) vary quite a lot depending on the place you choose (and if you choose a shared flat, a hall of residence, etc.)

Here is a list of average prices:

Things to remember

The most economical option when choosing housing is usually a shared flat. The rent is usually paid within the first five days of each month and when you get there you will have to pay a deposit, which will be returned to you when you leave if everything is in order.