What is the average cost of housing in Madrid?

If you are thinking about moving to Madrid, cost of living in probably a key consideration. Expats commented about the cost of housing...

"Way lower, I am paying 400 euro for my small place in the center and my friend is paying 500euro for his huge place near me. His apartment would probably run for about 1000euro or more in DC," commented one expat who made the move to Madrid, Spain.

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"The average cost of housing in Madrid is generally quite high. Renting an apartment in the city center can be expensive, with prices ranging from around €800 to €1,500 per month. Outside of the city center, prices tend to be lower, with apartments costing around €500 to €800 per month," remarked another expat in Madrid, Spain.

What is the average cost of housing in Madrid?

If you live in Madrid, newcomers to Madrid would love to hear your answer to this question.