In Madrid, the apartment rental market is basically divided into 2 options:
- Short Term Rentals, mainly for tourists & holiday accommodation and business travellers (see our own short-stay rentals in Madrid here)
- Long term Rentals, mostly for locals with a 1 to 5 year contract.
There are big differences between both options:
SHORT TERM RENTALS IN MADRID
Short-stay rentals are perfect when you want to stay in the city a few days, or maybe a couple of weeks, but when you need to be in Madrid for a few months, if you look at most of websites, the price can become prohibitive as tariffs are given per night, and anything over a month is often just too expensive. In HomesForTravellers we offer you great discounts for stays longer than one month and really special prices for stays longer than 3-6 months, depending on the apartment.
The main difference and also the main advantage is that in the short term rentals the apartments are fully furnished and equipped and, usually, all the bills are included in the price: electricity, heating, air conditioning, Internet connection and community bills. So, the rental price is a fix price, you will not have to spend more money, there are not extra or hidden costs. Also, the apartments are fully equipped, even with bed linen and towels, and all the kitchen appliances. That means a great saving because you only need to bring your personal things. And the Security Deposit, which will be refunded at the end of your stay is usually much lower or, in some of the apartments that we manage, you just will be just asked for your credit card details as a guarantee. You will not be charged any amount in your credit card if there are not any damages in the apartment at departure. The maximum contract period for short term rentals is for 1 year and can not be extended.
LONG TERM RENTALS IN MADRID
It is often difficult to find long-term rentals in Madrid. Local landlords will offer longer stays but mostly ask for yearly contracts as a minimum, and these days almost all landlords ask for local bank guarantees, salary slips and job contracts as a guarantee that the tenant has financial stability. On the long term rent, most of the apartments in Madrid are not fully furnished and equipped and you will have to pay for all the bills, and contract directly with the suppliers (electricity, gas, telephone, internet connection, etc). That means that you will have to add to your rental price about 200€ per month to pay those bills. Also, you will have to pay in advance at least one month rental as a Security Deposit for the owner and other one month rental if you rent it through an agency plus the monthly fee.
MONTHLY RENTALS AT HOMESFORTRAVELLERS
Fortunately, at HomesForTravellers -Monthly Rentals Madrid we can now offer you cheap long-term rentals for monthly stays without the need to stay for 1 year and with all the advantages of the short term rentals!. We offer discounts up to 45% over the daily rates and you will get all the advantages of the short term rental apartments (fully furnished and equipped, all the bills included in the price, even the Internet connection and community bills, bed linen and towels, etc)
And, these properties are available at an affordable price that won't break the bank. These apartments are perfect for employees who come from other countries to work for long periods in Spain. Or for expatriates relocating to Madrid and who need a quick accommodation option while they look for something more permanent. Or for students on a course not lasting the full academic year.
We have several apartments available for rent on a monthly basis, in different parts of the city:
Madrid Monthly Rental - Divino Apartment
Monthly Rental- Madrid Gran Via Chueca 2 Apartment
If you're not sure which apartment is best for you, please just fill in our request form and allow us to suggest the best option. We are happy to help you in finding the perfect apartment for your short, medium or long term stay in Madrid.