What is the would be the cheapest accommodation in Madird, Spain?

I am going for summer (June 1 to July 31) to Complutense University of Madrid.
I searched Google and found it to cost between 310 to 600 euro per month. Would it be possible to find cheaper than this?
Are you looking for a shared apartment or in a hostel or something? 310 euros per month is really cheap, so beware. i think the average price in a shared flat for a single room in the centre would be about 400-450 euros per month. have a look at this website, it's really good...

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