El Faro

El Faro, Plaza de Cristo Rey, 7, 28040

Save up to €500

in exclusive student benefits T&Cs apply

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Up to £500 CashbackEarn £50 per ReferralAirport Pickup AvailableStudent Essentials Kit2× Cashback on Group Bookings
Starting from€1641.81/month
El Faro sits at the crossroads of campus life and city culture, offering students the best of both worlds in Madrid. It comes with all-inclusive living, dedicated study areas, and standout features like a rooftop terrace and games room. With three daily meals, a gym, and smart access, you’ll have everything you need to stay focused, connected, and well-fed. El Faro is ideal for students who value ease, energy, and exploration.

Amenities

Gym
CCTV
Parking
Laundry
Elevator
Free Wifi
Free Wifi
24/7 Staff
Games Room
Games Room
Smart Access
Bike Storage

Offers

Upto €100 Cashback on Your Booking
Upto €100 Cashback
Refer a friend and avail €25 each
Get a friend to avail €25 each

Select your room

Accessible Single Studio

A cosy attic single room with sloped ceilings, offering a comfortable space and private bathroom.

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Single En-suite

A shared room with two single beds, shared bathroom, study area, storage, and a kitchenette with fridge, microwave, and sink.

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Twin Non-En-suite

Wheelchair-accessible private studio with a single bed, en-suite bathroom, kitchenette, study area, and storage. Practical and comfortable for students needing accessible features.

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Payment Policy

Rent and fees must be paid according to the schedule in your tenancy agreement. Most properties require an advance payment, such as a deposit, bond, or first instalment before move-in, and check-in is only permitted once all due payments are cleared. 

Payments can typically be made via bank transfer, debit/credit card, online portals, or approved international payment services. Instalment options (1, 2, 3, or 4 payments) may be available depending on eligibility and guarantor requirements; weekly payments are generally not offered. 

Most student accommodations include utilities such as water, electricity, heating, internet, and sometimes contents insurance, while personal expenses like TV licences remain your responsibility. 

Late or missed payments may result in reminders, interest, late fees, or further action. If you anticipate delays due to loans or other circumstances, reach out early for assistance. 
 For payment-related support, contact studentengage@alpha-way.com. 

Deposit Policy

A deposit or holding fee may be required to secure your booking, and the amount varies by property. This payment may later convert into a refundable security deposit or be adjusted against your first rent instalment, depending on the provider. Deposits are held safely under standard protection regulations and, unless stated otherwise, cannot be used toward rent. 

Your deposit is refundable at the end of your tenancy once the accommodation team has inspected your room. Deductions may apply for damage, missing items, cleaning, or unpaid rent. Refund timelines generally range from 10-28 days. If you disagree with any charge, you can dispute it through the relevant deposit protection scheme. 

Some properties request advance rent instead of a deposit; these payments are usually non-refundable but contribute to your first rent instalment. 
 For any questions regarding your deposit, please contact studentengage@alpha-way.com. 

Cancellation Policy

Cancellation terms depend on the policies of the individual accommodation provider and the conditions in your tenancy or licence agreement. In most cases, bookings become non-refundable after confirmation unless you meet specific exemption criteria, such as visa refusal, university non-admittance, or other verified exceptional circumstances. 

Some providers offer a short cooling-off period (usually around 7 days) during which you may cancel for a full refund of your deposit. After this period, deposits and fees are typically non-refundable, and you may remain liable for rent until a replacement tenant is found and approved. 

Cancelling after your tenancy begins or leaving early usually requires paying rent until a suitable replacement is secured, along with any applicable admin or re-letting fees. 

Alphaway is a third-party platform, and all final decisions regarding refunds or releases rest with the accommodation provider. 
 For cancellation support, contact studentengage@alpha-way.com. 

Frequently Asked Questions

Can I bring a pet?

How do I pay rent?

Is Wi-Fi included?

Do we get a cleaner?

Can I sublet my room?

El Faro - Student Accommodation in Madrid | Alphaway