Hotels in Madrid are having a moment — the Four Seasons and Mandarin Oriental both sit high on most wishlists — but a well-chosen apartment rental can get you the same design pedigree for less, plus space to spread out. A newly updated roundup from Condé Nast Traveler sifts through the city's Airbnb stock and lands on a dozen standouts, all vetted for Superhost or Guest Favorite status, ratings, amenities and location. Here's what makes the cut.

The showstopper is a 1,884-square-foot loft on the first floor of an 18th-century building: 21-foot ceilings, a skylight, original brickwork and beams, a 10-foot black kitchen island, four bedrooms and eco-friendly heated floors. It sleeps 10, making it a strong pick for a big friends' trip.

Families have options too. Near Retiro Park, a south-facing three-bed with a private courtyard, garden, home gym and — a rarity this central — its own parking space sleeps six. In upscale Barrio de Salamanca, a split-level four-bedroom apartment puts every bedroom en suite and sits a minute from Calle Serrano; the host also owns the place next door, so groups of up to 12 can combine both for a proper party base.

Design fans are spoilt. A 19th-century apartment in the literary quarter — right in the Museum Triangle, with the Prado and Reina Sofía at the doorstep — has 10-foot ceilings, exposed brick, an original fireplace and a marble bath, and has featured in Spain's interior design press. Another near the Four Seasons was designed by architect Claudia Schultheis, while a boho-chic flat near the Royal Palace pairs concrete floors and natural woodwork with a four-minute walk to the metro.

Couples and small groups get plenty of choice as well: a studio five minutes from the airport-adjacent side of town near Atocha with rainfall shower and dishwasher; a plant-drenched Malasaña studio nicknamed Vine; a bijou exposed-brick flat barely 300 feet from Puerta del Sol with the crucial luxury of a lift; and a colourful one-bedroom in Conde Duque whose host, Susa, earns rave reviews for stocking the cupboards before arrival.

The sleeper hit might be a two-bedroom on Calle del Pez in Malasaña with seven balconies, each sized for exactly one person and a morning coffee, twenty minutes from the airport and a short walk from Tribunal metro. And for larger crews, a 1,507-square-foot Malasaña apartment with a sun-trap terrace sleeps six within walking distance of Gran Vía, Chueca and Plaza de España.

Why it matters: Madrid's neighbourhoods each have a distinct personality — polished Salamanca, bohemian Malasaña, museum-heavy Huertas — and picking the right rental is the fastest way to experience the city like a resident rather than a tourist. Whether you need parking by Retiro, space for twelve, or just a balcony and good light, there's a vetted option here for most budgets and group sizes.