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Madrid is a village in Perkins County, Nebraska, United States. The population was 265 at the 2000 census. It is pronounced "MADD-ridd," rather than the more familiar "Muh-DRIDD" in Spain.
Madrid is located at 40°50′55″N 101°32′30″W / 40.84861°N 101.54167°W / 40.84861; -101.54167 (40.848611, -101.541661).
According to the United States Census Bureau, the village has a total area of 0.4 square miles (1.1 km²), all of it land.