Madrid Neighbourhoods Guide for IE Business School Students

Are you going to study at IE Business School? Then you will find this guide very useful!

It is pretty easy to feel a little bit lost about where to live when you do not know the city enough yet.  That is why we have collected the most popular neighbourhoods convenient to IE as well as some available housing options!

Madrid is made up of over 128 different neighbourhoods and although it is a very well connected city we recommend you to have a look at where are you going to study first. In this case IE Business School is in “Calle María de Molina 11-15” so we recommend you this neighbourhoods:


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Four neighbourhoods that are not far from IE Business School:

  1. Salamanca
  2. Prosperidad
  3. Chamberí
  4. Estrella




(Line 9 – Purple Line)

Salamanca neighbourhood is very classy and one of the most beautiful ones in Madrid!

In this neighbourhood you will find the Fifth Avenue of Madrid which is called Serrano Street  and its famous “El Parque del Buen Retiro”.  You will find also the best restaurants and the most expensive shops.

Students usually choose to live nearby Príncipe de Vergara Street because this area is slightly less expensive than Serrano/Alcalá and flats are big enough to do flat sharing because they usually have at least three rooms. For example one bedroom flat is a 10 minute walk away from IE Business School:


2) Prosperidad 

(Line 4 – Brown Line) 

It is an affordable neighbourhood within a walking distance from IE Business School where you will find whatever you need! For example if you are looking for coffee shops there is a terrace in “Plaza de la Prosperidad” where you could have either a coffee, a Beer, a hamburger or a Sandwich! Another plus is that this neighbourhood is nose to nose with López de Hoyos Street where you could find branch coffeeshops like “Uvepan” or “Granier” which are both very cheap!

In short this neighbourhood has supermarkets (“Lidl” and “Ahorramás“), 24h shops, Grouceries, markets… plus you are almost living in Salamanca neighbourhood but paying an affordable rent. Have a look at this complete apartment in this quiet neighbourhood:


3) Chamberí

Line 4 – Brown Line

It is one of the best neighbourhoods for Students!  It is still “classy” but has a vibrant nightlife and it is located in the heart of the city which means it is very well connected. Plus you are close to cool neighbourhoods like Chueca or famous streets like “Calle Princesa” or “Calle Fuencarral”.

It is known by its cute coffee shops and restaurants like La Musa” or “Blanca 6” (Blanca Address) 😀

Want to live in Chamberí? Have a look at this Shared flat nearby “Quevedo” Tube station:


Or this ensuite bedroom which is nose to nose with Alonso Martinez tube station:


4) Estrella

Linea 9 – Purple Line

It is a residential neighbourhood which is very close to Retiro and nearby Atocha neighbourhood. The prices are not as expensive as Salamanca and is well communicated thanks to Line 9 or Purple Line with IE School. Another plus if you are sporty is that it is surrounded by green areas and parks (Parque del Buen Retiro and Roma park.) (Book a room next to El Retiro park now)

Want to live nearby El Retiro but not far from Madrid´s best green areas? Check this room!


Hope that this post helped you find the neighbourhood that suits you best!

Do you know some IE student who needs this info more than you? Please Share it and help them to live their living abroad dream!

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