Are you so bowled over that you want to live in Madrid? Has its lust for life totally won you over? Have you been infected with the Madrid virus? Well, you are not alone. Many travelers have come to see, hear, smell, and feel the city, and never left. The city has a love spell that consumes every visitor.
If you are a citizen from the European Union and are planning to stay in Madrid for good, then you do not have a care in the world. If you are American, you can stay legally in Madrid on a 3-month visa at most. If you are relocating to the city, you will have no other choice to begin a process to get a legal residence permit. It is best that you consult a lawyer once you are there.
Where to find an apartment
When looking for an apartment or a flat, your best bet is to check out websites. You can also browse newspapers like Segundamano, published every weekday. You can also get In Madrid, a free monthly newspaper, in Irish pubs and check out the classified ads. There are often pages allotted of apartments and rooms for rent. Be aware that demand usually trumps supply, particularly in the months of September and October.
Costs of a place to stay
Whether you are planning to stay in Madrid for 6 months or 4 years, you will need to get a place for you to stay. It is a good idea to rent a room in a shared flat to save some money. Depending on the location and size, a room could cost you 250 to 500 euros every month. By far, this is the best option. Assuming you do not live with unlikable people, shared rooms are very fun.
In general, renting your own place in Madrid can be pretty pricey, as apartments in the city center (and even those surrounding the center) often start at approximately 700 euros. It might seem insane, but many apartments in the center require deposits of up to a year.
Best of luck!