How to find cheap coliving in Madrid?

If you’ve been considering spending some time in Spain’s capital, you’ve likely run into a common problem: Accommodation. The real estate market is competitive, rental prices have risen in recent years, and many options require long-term contracts or high deposits. As a result, finding a decent place to stay becomes quite challenging. For this reason, today we want to talk to you about a very interesting alternative that allows you to experience everything this city has to offer without compromising your budget. We’ll help you find a cheap coliving in Madrid.

To make things easier, we’ve compiled a list of the most cheap coliving in Madrid. It includes seven spaces that are definitely worth checking out, which in turn saves you endless hours of searching. In addition, we’ve also included some tips from digital nomads and remote workers who have already opted for these spaces, helping you avoid any scams when making your decision. So, are you ready to discover where your Madrid haven is? 

The 7 Best Cheap Coliving in Madrid

Interested in learning more about those affordable shared accommodation options in the Spanish capital we mentioned? Before we dive into the list, here’s something you should know: not all colivings in Madrid are the same. Some focus on productivity and offer spaces designed specifically for remote work. Others prioritise community living and organise activities to foster connections between residents. Meanwhile, there are also more basic options aimed at people who simply want a comfortable place to stay without too many frills.

To make your search easier, we’ve selected seven colivings that stand out for their value for money. In this list, you’ll find well-located spaces with essential services included and prices that make them great alternatives to traditional renting. So, if you’re looking for a cheap coliving in Madrid without blowing your budget, here are some of the best options.

1. Far Home Plaza Mayor – Madrid City Centre – (from €700 per month, $728)

Let’s start this list with one of the best-located options, Far Home Plaza Mayor. Just steps from the iconic Plaza Mayor, it’s an excellent choice if you’re looking for a cheap coliving in Madrid without sacrificing location or services. Moreover, the area is surrounded by bars, shops, public transport, and some of Madrid’s best coworking spaces. Its proximity to places like Puerta del Sol or Mercado de San Miguel makes it the perfect spot for anyone looking to fully enjoy city life.

The private rooms are functional, with basic furniture and comfortable beds for a good night’s sleep. In addition, the common areas include a fully equipped kitchen and lounges designed to promote interaction between residents. The building also provides high-speed Wi-Fi throughout, and weekly cleaning forms part of the service.

While this coliving doesn’t include extras like a gym or remote work spaces, its common areas work well for informal work or simply relaxing. Therefore, the lack of additional services in exchange for a lower price makes it an appealing option for students or budget-conscious digital nomads.

• Plans and prices:
  • Private room with shared bathroom: From €700 per month ($728).
  • Flexible rates for short or long stays, which makes it ideal for students and digital nomads.

• Access requirements: You don’t need a long-term contract or a high deposit. You only need a valid ID and a prior reservation.
• Community policies: The atmosphere remains peaceful and respectful, which is ideal for people seeking a comfortable and orderly environment.
• Quality of service: The staff stays approachable and ready to resolve any issues or questions, something residents consistently appreciate.

2. Far Home Bernabéu – Tetuán – (from €700 per month, $728)

For the same price, you can find a room in a coliving from the same chain but located a little further from the centre. Situated in the Tetuán neighbourhood, Far Home Bernabéu is an excellent alternative if you’re looking for a cheap coliving in a quieter area with good connections to the rest of the city. It’s just a 15-minute walk from the Santiago Bernabéu stadium, and several metro stations nearby give you quick access to the rest of Madrid. This coliving combines comfort and accessibility at affordable prices.

The rooms focus on functionality and include basic furniture with enough space to rest and work. The common areas feature a well-equipped kitchen and shared lounges where residents can interact. Additionally, the building offers high-speed Wi-Fi throughout, and the weekly cleaning service keeps all spaces in top condition.

Compared to other options, Far Home Bernabéu stands out because it offers an all-inclusive experience with no hidden costs. While it doesn’t have a dedicated coworking space, the common areas work well for work or study. Also, its location in a residential area offers more peace than staying in the heart of Madrid.

• Plans and prices:
  • Private room with shared bathroom: From €700 per month ($728).
  • Studio: From €1,200 per month ($1,248).
  • Studio with terrace: From €1,400 per month ($1,456 dollars).
  • Flexible rates for short or long stays, perfect for students and professionals in transition.

• Access requirements: You don’t need a long-term contract, but you must pay an initial deposit, which varies depending on the stay.
• Community policies: The team promotes a respectful and orderly atmosphere, with clear rules that help maintain good coexistence among residents.
• Quality of service: The staff stays friendly and always willing to help with any needs, from local recommendations to technical support.

3. Urban Campus Mellado – Moncloa – (from €825 per month, $858)

Urban Campus Mellado stands out as one of the most complete and modern colivings in the city. Located in the Moncloa neighbourhood, it combines comfort, community, and cutting-edge design, making it ideal for young professionals and digital nomads in Madrid who are looking for an inspiring environment. If that wasn’t enough, you’ll be just a step away from metro stations like Islas Filipinas or Moncloa.

From the moment you enter, you’ll notice that every detail has been carefully designed to create a balanced environment between productivity and relaxation. It features 83 rooms with private bathrooms (choose from cozy, spacious, and premium options). The 300 m² of common spaces include fully equipped coworking, a chill-out area, a cinema room, a music corner, a gym, and a terrace with a barbecue. The living room, dining room, kitchen, and laundry are shared by four or six members, depending on the unit. Additionally, high-speed Wi-Fi and weekly cleaning are provided. 

While it is slightly more expensive than the previous two options, Urban Campus Mellado justifies the cost with the quality of its services and amenities. You won’t have to worry about hidden costs, and the flexibility in its rates makes it an ideal option for both short and long stays.

• Plans and prices:
  • Cozy Room from €825 per month ($858), with a shared bathroom.
  • Spacious Room from €875 per month ($910), with a private bathroom.
  • Premium Room with private bathroom from €915 ($951).

• Access requirements: You must present a valid ID and complete a brief interview to confirm that you fit the community environment.
• Community policies: The management encourages collaboration and mutual respect, and they set clear rules to ensure harmonious living.
• Quality of service: The staff provides constant support and organises activities to help new residents integrate into the community.

4. Urban Campus Cuatro Caminos – (from €840 per month, $873)

Urban Campus Cuatro Caminos offers a modern and functional space for digital nomads and young professionals. It stands out for its focus on community and its contemporary design, aimed at maximising the comfort and productivity of its residents. Just a few minutes from Cuatro Caminos interchange and Alvarado metro station, its location offers easy connections to the whole city.

The facilities are designed with attention to detail in every corner. The 63 private rooms, most of which have private balconies, are fully furnished with modern finishes. In its 150 m² of common spaces, you can enjoy a gym, kitchen, and an event area. It also has parking. In addition, residents have access to a terrace where they can relax and enjoy the views of Madrid.

Its price is very competitive for what it offers. Urban Campus Cuatro Caminos guarantees an all-inclusive experience, from high-speed Wi-Fi to weekly cleaning. This makes it an ideal option for those looking for a balance between price and amenities.

• Plans and prices:
  • Private room with shared bathroom: From €840 per month ($873).
  • Private room with its own bathroom: From €930 euros per month ($967).
  • Premium room with its own bathroom: From €1,075 per month ($1,118).
  • Studio: From €1,450 per month ($1,508).

• Access requirements: You must present a valid ID and complete an interview so the team can ensure compatibility with the community.
• Community policies: Clear rules foster collaboration and mutual respect among residents.
• Quality of service: The team organises activities like workshops, dinners, and gatherings to integrate residents and encourage interaction.

5. Urban Campus Avenida América – Prosperidad – (from €800 per month, $832)

Located in the Prosperidad neighbourhood, this coliving is designed for those looking for a comfortable home and an active community. Its proximity to the Avenida América interchange guarantees excellent connections with the rest of the city, making it a perfect choice for digital nomads and professionals who need to move around easily.

The facilities stand out for their modern and welcoming design. Each of the 54 rooms (cozy rooms with shared bathrooms, spacious rooms with private bathrooms, and studios) is fully equipped with quality furniture. Among its common areas are a large coworking space, a shared kitchen with all necessary appliances, a chill-out zone, a cinema room, and a gym.

Although its rates are slightly higher, the added value of its services, such as ultra-fast Wi-Fi, weekly cleaning, and community activities, make it a smart investment for those seeking comfort and functionality in Madrid.

• Plans and prices:
  • Cozy Room from €800 per month ($832), with a shared bathroom.
  • Spacious Room from €880 per month ($915), with a private bathroom.
  • Studio from €1,550 per month ($1,612).

• Access requirements: You must complete a brief interview so the team can ensure compatibility with the community.
• Community policies: The team promotes a professional and respectful atmosphere and organises events to foster connections among residents.
• Quality of service: The team is available to answer questions and ensure residents have a smooth and satisfactory experience.

6. CoLiveIt Gran Vía – Madrid City Centre – (from €700 per month, $728)

In the heart of Madrid, you’ll find CoLiveIt Gran Vía. It’s the perfect choice for those who want to live in the city’s centre while enjoying the comfort of a modern coliving space. Just a few steps from Gran Vía, it offers a mix of strategic location and quality services, ideal for students, digital nomads, and young professionals.

Its 60 private rooms are furnished functionally, while the common areas, such as the kitchen and lounge, are designed to foster interaction and community living. It also includes fast Wi-Fi, weekly cleaning, and 24/7 access, ensuring a comfortable and hassle-free stay.

It offers cleaning, bed linen and towel changes included. Weekly events are also organised.

• Plans and prices:
  • Private room (single bed, desk, table, and wardrobe): From €700 per month ($728).
  • Private room (double bed, desk, table, and wardrobe): From €755 per month ($780).
  • Twin views (two single beds and views of Gran Vía): From €920 per month ($957).
  • Individual views room (single bed, desk, table, and wardrobe): From €760 per month ($790).
  • Standard double views room (double bed and views of Luchana street): From €920 per month ($957).

• Access requirements: No long-term contract required, only valid ID and prior reservation.
• Community policies: A respectful and friendly environment is prioritised, with clear rules to maintain tranquillity among residents.
• Quality of service: The staff is professional and always available to answer any questions or assist with any needs.

7. CoLiveIt Chamberí – Madrid – (from €595 per month, $618)

To wrap up the list, here’s the most affordable option we found as a cheap coliving in Madrid. Located in one of the best neighbourhoods in Madrid for digital nomads, CoLiveIt Chamberí offers a coliving experience that combines tranquillity, community, and accessibility. It’s designed for those who want a place to work, rest, and connect with other residents in a comfortable and sophisticated setting.

Located in a renovated seven-storey building, it has 64 private rooms that are fully furnished with spacious and bright interiors. The common areas include a fully equipped kitchen, a games corner, a terrace, lounges, and a coworking space where you can focus on your projects. Additionally, high-speed Wi-Fi and weekly cleaning are included, ensuring everything works perfectly.

In addition to its low prices, CoLiveIt Chamberí stands out for its prime location. The tranquil environment, with easy access to public transport, makes it an ideal choice for those looking for a balance between work and personal life in Madrid. Without any doubts, one of the cheap coliving in Madrid.

• Plans and prices:
  • Private room (single bed, desk, table, and wardrobe): From €595 per month ($618).
  • Private room (double bed, desk, table, and wardrobe): From €730 per month ($759).
  • Premium room (double bed with exterior views of Luchana street, coffee corner, and a small fridge): From €790 per month ($821).
  • Room with views (single bed, desk, table, and wardrobe): From €650 per month ($676).
  • Standard double room with views (double bed and views of Luchana street): From €740 per month ($780).

• Access requirements: Only valid ID and prior reservation are required, with no long-term contracts or high deposits.
• Community policies: A peaceful and professional environment is promoted, ideal for residents looking to focus on their work or studies.
• Quality of service: The team is available to address any questions and organises events to strengthen the community among residents.

What is the cheap and best coliving space in Madrid?

Is your priority finding a cheap coliving in Madrid but you don’t want to compromise on a good experience? In that case, you should take a look at what Urban Campus Mellado has to offer. While it’s not the cheapest on the list, its starting price of €825 per month ($858) is justified by a range of services and amenities that are hard to find in other more affordable alternatives.

Its location in Moncloa is ideal for digital nomads and young professionals who seek tranquillity without being too far from the centre. Being just minutes away from metro stations like Islas Filipinas and Moncloa allows you to move easily around the city while enjoying a neighbourhood with a vibrant, student-like, and cultural atmosphere.

What really sets it apart from other spaces is its modern infrastructure designed for productivity. With 83 private rooms and more than 300 m² of common areas, it offers a fully equipped coworking space, chill-out zone, cinema room, gym, terrace with a barbecue, and a music corner. It also provides high-speed Wi-Fi and weekly cleaning, ensuring that everything runs smoothly.

In terms of community, Urban Campus Mellado fosters an active and collaborative environment. It organises activities and events that help integrate residents, allowing you to network or simply connect with like-minded individuals.

If you’re looking for a cheap coliving in Madrid that combines comfort, community, and productivity, Urban Campus Mellado is your best choice. A modern space, well-managed, and equipped with everything you need to live and work without worries.

How to ensure internet connection in a cheap coliving in Madrid?

Worried about your connection once you arrive in Spain’s capital? While most of the spaces mentioned offer Wi-Fi included in their rates, speed and stability are not always guaranteed. If you only need a short-term service, Holafly’s eSIM for Spain allows you to choose only the days you need unlimited data, starting from $6.90 (€5.90) per day.

On the other hand, to ensure you’re always connected, a practical and reliable solution is to use Holafly’s monthly plans. These plans allow you to maintain a stable connection not just within the coliving space but also while you’re out and about in Madrid and over 170 destinations worldwide.

Why choose Holafly’s monthly plans for your stay in Madrid?

• Full flexibility: Choose between 10 GB, 25 GB, or unlimited data, depending on what you need to work, explore, or stay connected. Unsure of how much data you’ll need? You can switch plans whenever you want.
• Constant connection: Ideal as a backup in case the coliving network doesn’t meet your expectations.
• On all your devices: Choose the 25 GB plan or the unlimited data plan, and you can use it on all your devices if needed.

So, if you need to ensure a stable connection during your stay, Holafly’s monthly plans or the eSIM for Madrid are the perfect solution. Not only will it allow you to work without interruptions, but it will also ensure you have access to maps, social media, and work tools wherever you are in Madrid and beyond.

Important: If you are a frequent traveler and want to stay connected without worrying about expensive roaming or looking for a new SIM at every destination, Holafly’s subscription plans are for you. With a single eSIM, enjoy internet in more than 170 countries for a fixed price and no surprises on your bill. Travel without limits and connect easily and securely! 🚀🌍

Tips for Choosing a Cheap and Good Coliving in Madrid

If you’ve already decided that a coliving is the best option for your days in Madrid, the next step is to choose one. As you’ve seen in the previous list, there are spaces for every taste and need. Some stand out for their location, others for their community, and there are those who prioritise comfort or flexibility in their rates.

To avoid unpleasant surprises and ensure you choose the right space, there are a few things you should take into account before making your reservation. Let’s review some of the key factors you shouldn’t overlook:

1. Be wary of prices that are too low

In Madrid, as in any big city, prices that are well below average can be a red flag. If you find a coliving that seems too good to be true, do some in-depth research.

How can you avoid falling into scams? The first thing is to look for reviews and ratings on reliable platforms. Don’t just rely on the description on their website—check if other users recommend it or if there are any warning signs. And above all, avoid paying anything without having seen real photos of the space or receiving detailed information. If something feels off, trust your instincts and keep searching.

2. Choose a safe neighbourhood with good transport connections

Madrid has neighbourhoods for all tastes, but safety should be a priority. Especially if you plan to return late after a productive day.

Where should you look? Neighbourhoods like Moncloa, Chamberí, or Gran Vía are usually safe, have excellent public transport connections, and are full of life. Before making a decision, check maps and reviews to make sure the coliving is located in a quiet, well-lit area and is close to essential services such as supermarkets or bus stops.

3. Make Sure the Coliving Is Legal

With the rise of coliving spaces, some informal spaces have popped up without meeting local regulations. How can you avoid issues?

Look for colivings that are registered on recognized platforms and always ask for a clear contract before moving in. A legal space will have no problem providing you with all the necessary documentation. This not only gives you peace of mind but also ensures that your rights as a resident are protected.

4. Review the contract to avoid surprises

When you find a coliving space that interests you, take the time to read the terms and conditions. What should you look for?

Check that the advertised price includes all essential services such as Wi-Fi, cleaning, and access to common areas. Avoid contracts that have ambiguous clauses or hidden extra costs. If you don’t understand part of the contract, don’t hesitate to ask. A trustworthy coliving will be transparent and happy to clarify any doubts.

5. Look for essential services included

A cheap coliving doesn’t have to sacrifice the basics. Make sure the place includes fast Wi-Fi, a fully equipped kitchen, regular cleaning, and comfortable common areas for working or socialising.

Tip: Choose a coliving that includes all of these services in the rate. Paying a little more for a complete service can save you unexpected costs later. Think about what you truly need to make your experience perfect.

Frequently Asked Questions about the Cheapest Coliving Spaces in Madrid

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