Living In Madrid

Living in Madrid

Madrid is a city of students. But it’s also a city of innovators, of entrepreneurs, of foodies, of artists, of tech-heads, of musicians, of footballers…but simply, Madrid is a place where everyone has a place. No matter what you study and where your passions lie, you’ll find your rhythm in the buzzing capital of Spain, where there’s something happening every single day. From outdoor concerts to international jazz festivals, sports tournaments, global conferences, and food festivals—as well as 12 bank holidays per year—this is truly a city that never sleeps.

Madrid, One of the best places to live in Europe

Madrid is consistently named one of the best places to study in Europe, both for its cultural activities and its cost of living. So if you’re looking for an affordable, diverse and lively place to study, Madrid is the ticket.

Student Residences

Beyond campus

Beyond Campus is an exclusive platform, made by IE students, for IE students. A team of IE MBA Alumni, who successfully identified a real need to find good, reliable, and safe accommodation for the growing IE community, founded this useful accommodation platform. 

Not only do they have the best-curated apartments and all our recommended student residences near the city center and the new campus, but they also strive to improve the experience offering contracts in English, 24/7 service, and quality control of apartments, amongst other benefits!

Choose your student residence

Choosing a student residence will keep you from taking care of time-consuming logistical issues, such as utility bills and internet contracts, allowing you to focus on the important things!

Many of these residences will give you the option to sign up for additional services, such as food and laundry. On top of it all, they are one of the best places to make friends and get to know Madrid!

Below, you will find a list of residences included in the platform. If you are interested in booking this option, we recommend you do so as soon as possible, as they have limited availability and they can fill up quickly. If you need any further information, please reach out to Beyond Campus at help@beyondcampus.es

STUDENT RESIDENCES

Student residences take care of time-consuming logistical issues such as utility bills and internet contracts so that you can focus on the important things! Many of them give you the option to sign up for additional services such as food and laundry. Plus, they are one of the best places to make friends and get to know Madrid! We recommend that our students reserve rooms in student residences as soon as possible, as there is limited availability and they can fill up quickly.

Below, you can find a list of the residences that we recommend to our students.  

LIST OF STUDENT RESIDENCES

THE RESIDENCE

Students who book their spot in a residence through Beyond Campus will be prioritized.

Time to IE Tower:
- Cycling: 9 min.
- By Train: 34 min.
- By Car: 19 min.

FUNWAY ACADEMIC RESORT

Students who book their spot in a residence through Beyond Campus will be prioritized.

Time to IE Tower:
- Cycling: 12 min.
- By Train: 25 min.
- By Car: 9 min.

MASTERHOME

Students who book their spot in a residence through Beyond Campus will be prioritized.

Time to IE Tower:
- Cycling: 18 min.
- By Train: 28 min.
- By Car: 9 min.

RESA CLAUDIO COELLO:

Time to IE Tower or María de Molina:
- By Metro: 29 min to IE Tower.
- By Car: 12 min to IE Tower. 

- Walking: 3 min to IE María de Molina.

RESA PASEO DE LA HABANA

Time to IE Tower or María de Molina:


- By Metro: 24 min to IE Tower
- By Metro: 23 min to María de Molina.

- By Car: 8 min to IE Tower.
- By Car: 10 min to María de Molina.

MICAMPUS MADRID

Time to IE Tower or María de Molina.


- By Metro: 24 min to IE Tower

- Cycling: 10 min to IE Tower.

- Walking: 23 min to IE Tower. 

- By Metro: 29 min to María de Molina.

- By Car: 11 min to María de Molina.

- By Bus: 48 min to María de Molina.

MICAMPUS Wynwood Manuel Tovar 14

Time to IE Tower or María de Molina.


- By Metro: 19 min to IE Tower

- Cycling: 7 min to IE Tower.

- Walking: 19 min to IE Tower. 

- By Metro: 45 min to María de Molina.

- By Car: 16 min to María de Molina.

- By Bus: 1:03 min to María de Molina.

MICAMPUS Wynwood Sancha 6

Time to IE Tower or María de Molina.


- By Metro: 18 min to IE Tower

- Cycling: 6 min to IE Tower.

- Walking: 18 min to IE Tower. 

- By Metro: 30 min to María de Molina.

- By Car: 14 min to María de Molina.

- By Bus: 49 min to María de Molina.

MICAMPUS Wynwood Xaudaró 20

Time to IE Tower or María de Molina.


- By Metro: 21min to IE Tower

- Cycling: 9 min to IE Tower.

- Walking: 22 min to IE Tower. 

- By Metro: 41 min to María de Molina.

- By Car: 15 min to María de Molina.

- By Bus: 1:03 min to María de Molina.

DOVEVIVO

Time to IE Tower or María de Molina.


- By Metro: 47 min to IE Tower

- Cycling: 19 min to IE Tower.

- Walking: 27 min to IE Tower. 

- By Metro: 23 min to María de Molina.

- By Car: 13 min to María de Molina.

- By Bus: 30 min to María de Molina.

THE PALACE

Time to IE Tower or María de Molina.


- By Metro: 49 min to IE Tower

- Cycling: 19 min to IE Tower.

- Walking: 27 min to IE Tower. 

- By Metro: 23 min to María de Molina.

- By Car: 11 min to María de Molina.

- By Bus: 26 min to María de Molina.

XIOR

Time to IE Tower or María de Molina.


- By Metro: 36 min to IE Tower

- Cycling: 14 min to IE Tower.

- Walking: 41 min to IE Tower. 

- By Metro: 15 min to María de Molina.

- By Car: 5 min to María de Molina.

- By Bus: 18 min to María de Molina.

YUGO

Time to IE Tower or María de Molina.


- By Metro: 17 min to IE Tower

- Cycling: 7 min to IE Tower. 

- By Metro: 25 min to María de Molina.

- By Car: 14 min to María de Molina.

- By Bus: 32 min to María de Molina

MiCampus Wynwood Sancha 10 Students Residence

MiCampus Wynwood Sancha 10

Important: Reservation term for the 2024/2025 academic year starts on January 15th, 2024

Time to IE Tower or María de Molina.

- By public transport: 20 min to IE Tower.

- Cycling: 6 min to IE Tower.

- Walking: 20 min to IE Tower.

- By Car: 5 min to IE Tower.

- By Public Transport: 45 min to María de Molina. 

- By Car: 14 min to María de Molina.

- By Public Transport: 30 min to City center.

- By Car: 15 min to City center.

MiCampus Wynwood Xaudaró 13 Students Residence

MiCampus Wynwood Xaudaró 13

Important: Reservation term for the 2024/2025 academic year starts on January 15th, 2024

Time to IE Tower or María de Molina.

- By public transport: 20 min to IE Tower.

- Cycling: 9 min to IE Tower.

- Walking: 20 min to IE Tower.

- By Car: 5 min to IE Tower.

- By Public Transport: 45 min to María de Molina. 

- By Car: 14 min to María de Molina.

- By Public Transport: 30 min to City center.

- By Car: 15 min to City center.

  1. Renting an apartment

You will find a variety of apartments at Beyond Campus. The team visits every apartment and selects the best ones to make sure they fit with your standards when you book them on the website. They also make sure prices fairly fit real estate’s market price so you are not over listed or scammed.

There are also other options if you choose not to use Beyond Campus to look for an apartment. However, before renting a flat in Madrid, there are several things to keep in mind. The most important factor, which directly influence the amount you spend on rent, is whether you decide to share an apartment. 

Living alone is eventually more expensive. If you do not know anyone with whom to share a flat, but would like to find accommodation with another IE student, you can access your Slack account and look for the #housing_roommates channel (kindly note the Slack account is only available for enrolled students). This group was created to help you find flat mates among the IE Community.

REAL ESTATE AGENCIES

Due to commissions, renting a flat through a real estate agency tends to be a bit more expensive than looking for a flat on your own, but it can be a much more convenient option. IE recommends the following real estate agencies. Be sure to mention that you study at IE. Follow the links below to find out more:

HOUSING PLATFORMS

Another way to find a flat in Spain is by looking into the most popular housing search websites. Click on the links below to find out more:

* In order to avoid frauds when looking for a flat, we always recommend visiting it in person before signing a contract or making any payment.

Discover the Living Costs for Masters Students

DISCOVER THE LIVING COSTS FOR undergraduated STUDENTS

FAQ's of Living in Madrid

HOW MUCH DOES IT USUALLY COST TO RENT AN APARTMENT?

Though prices for renting an apartment in Madrid vary depending on several factors, including the student’s personal taste and needs, you can expect to pay anywhere between 1,000€ and 2,000€ a month for a decent one - or two- bedroom apartment.

If you plan to share your flat with other students, you can expect to pay quite a bit less per month.

How long does the renting contract last?

Rental contracts usually last one year, although you can sometimes negotiate with the property owner to rent for a shorter period (please keep in mind that this might increase the price). Landlords will usually ask for a security deposit that can be the equivalent of 1 to 3 months of rent, but you can negotiate the terms with them personally.

In addition, it is important you always request a receipt of payment, as well as a contract agreed and signed by both parties.

What are the utilities?

Please note that additional expenses such as electricity, water, gas, wi-fi, etc., are usually NOT included in the cost of rent, although sometimes they are. Make sure you know which utilities are or are not included in the price before signing the contract.

ARE YOU A LANDLORD INTERESTED IN RENTING FLATS TO IEU STUDENTS?

If you are a landlord, you can register your flat through Beyond Campus, IE’s new accommodation platform for students. 

TRANSFER SERVICES

Transfer Service

Beyond Campus presents its new service called VTCREGO , which offers quality drivers with luxury class cars, guaranteeing maximum comfort. The drivers will be waiting for you at the airport, as the pick-ups are scheduled ahead of time. Rates are fixed, regardless of the time of arrival. 

Click on the link above to find out more. If you don’t want to worry about anything on arrival but getting to your destination safely and on time, you can trust this service to professionals.

Other Resources

PHONE & WIFI CONTRACTS

Kindly note that it is highly recommended that as soon as you arrive in Spain you get a Spanish SIM card as you will need a Spanish phone number in order to secure your appointments in order to secure your NIE card.

 IE has an agreement with the company Go!red with whom you will be able to get a phone or Wi-Fi contract with no need of showing them your NIE card (Student Permit/Certificate of registration). Contact them and let them know you are an IE student.

Another option is to sign a contract with one of the most popular telephone providers in Spain. These companies can also give you the option of a Wi-Fi contract. The most popular providers are Vodafone, Orange and Movistar. These companies often ask for students to show their NIE card/Certificate of Registration in order to sign a contract so many students start off by getting a pre-paid SIM card and later witch to a contract.

Bank Accounts

Although it is not a requirement, many students decide to open a Spanish bank account.

While students are welcome to try to open a bank account at the bank of their choice, banks have the right to ask foreigners for their NIE card (the Spanish ID number/card assigned to foreigners) to guarantee that they will be in Spain for extended stays.

IE has a deal with a branch of Banco Sabadell and Banco Santander To open an account with one of these two banks, you only need your passport and proof that you are an IE student (copy of your Enrollment Contract or an Enrollment Certificate in Spanish).