Share a flat
Shared rooms are the cheapest option; a studio costs much more than €850.
🇪🇸 Community of Madrid, Spain
Cost of Living in Madrid
Spain's capital and largest job market. Here's a realistic monthly budget for an Indian student in Madrid — rent, food, transport and insurance — in EUR and rupees.
- Rent €550 – €850/month
- Total €1,080 – €1,380/month
- ≈ ₹1.2 lakh – ₹1.5 lakh/month
- 2 universities
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Quick answer
How much does it cost to live in Madrid as a student?
Budget €1,080 – €1,380 a month (about ₹1.2 lakh – ₹1.5 lakh), or €13,000 – €16,600 a year. Rent for a room in shared housing is the biggest cost at €550 – €850. Madrid is the cheapest of the 2 cities we track in Spain.
Ask on WhatsAppUpdated · Reviewed by the Visa Edu Loans admissions & finance desk
Madrid budget at a glance
- Room in shared housing
- €550 – €850 a month
- Monthly budget
- €1,080 – €1,380
- Yearly budget
- €13,000 – €16,600
- In rupees (a year)
- ₹14 lakh – ₹18 lakh
- Health cover
- Private health insurance with no co-payments is required for the student visa
- Getting around
- Youth transit passes in Madrid and Barcelona are low-cost
- Exchange rate used
- €1 ≈ ₹109
Monthly budget
Student budget in Madrid
Planning estimates for 2026 — rents move quickly, so check live listings before you sign.
Compare
Madrid vs other student cities in Spain
Universities
Universities in Madrid
Save money
Cutting costs in Madrid
Cook at home
Groceries for about €250 a month — Indian grocery stores are common in big cities.
Use student transport
Youth transit passes in Madrid and Barcelona are low-cost
Work part-time
Up to 30 hours a week, compatible with studies
FAQs
Frequently asked questions
Still have a question?
Ask a counsellor directly — we reply on WhatsApp during working hours (Mon–Sat, 9 AM–6 PM IST).
About €1,080 – €1,380 (₹1.2 lakh – ₹1.5 lakh), including rent.
A room in shared housing usually costs €550 – €850 a month.
Part-time work (up to 30 hours a week, compatible with studies) helps, but it rarely covers everything — plan savings or a loan for living costs.
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