My 5 best budget hotels in Madrid (2024)

budget hotels in madrid

Budget hotels in Madrid are not as hard to find as you might think. Below I recommend you the best hotels that deliver good, basic accommodation – sometimes with a few extra touches – to help keep your travel budget in control.

Here’s my personal selection of the 5 best budget hotels in Madrid:

The offer is so wide that I found dozens of hotels offering clean, comfortable accommodation at reasonable prices.

But finding quality budget hotels in Madrid that are pleasing and won’t break the bank requires some searching.

Don’t worry, I have done the work for you and I managed to handpick a list of what I consider the best budget hotels in Madrid in terms of location, services and rates.

My favorite 5 budget hotels in Madrid

Woohoo Rooms Fuencarral

Its perfect location allows you to take advantage of being in one of city’s most popular shopping streets.

Surrounded by a wide variety of trendy stores and top restaurants, it’s one of the best areas to stay in Madrid. The most interesting attractions such as Retiro park, and Prado or Thyssen museums, are within walking distance. Although it has no restaurant, bar, or gym, there is a wide range of vibrant cafes in the neighborhood.

Woohoo Rooms Fuencarral is basically a floor in a larger building and the access is done through the main building door. Rooms are modern, well lit, and well equipped. The concierge service is always helpful in providing great recommendations.

3 reasons why you’ll love it:

  • Amazing location in the very heart of Madrid.
  • Super friendly and helpful staff.
  • Quiet location with an independence feel.

Hostal Lauria

This hotel right on Madrid’s bustling Gran Vía is a 7-minute walk from Puerta del Sol square and a 9-minute walk from Madrid’s Royal Palace.

The hotel personal are very friendly and always there in order to help you if need. The decor is simple but also new, modern, hip, happy, and arty. Hostal Lauria is spotlessly clean and beds are very comfortable.

The simple, contemporary-style rooms sleep up to 3 guests and feature free Wi-Fi, flat-screen TVs and safes. Some include a French balcony.

3 reasons why you’ll love it:

  • Really friendly and welcoming staff.
  • Memory foam mattress and pillow in all rooms.
  • Complimentary sparkling wine, tea and coffee.

Sleep’n Atocha

Just steps from Museo Nacional Centro de Arte Reina Sofía, and located very close to Atocha train station, Sleep’n Atocha is a perfect base for exploring Madrid. Managed by a multilingual staff, this is a great option if you’re looking for more privacy than you can get in a hostel, but a similar, friendly atmosphere.

The entrance and reception area of the hotel opens to the street through large picture windows. It offers a convenience store, a library and a lounge with a a sleek fireplace where you can grab a bite at the cafe or sip a cocktail.

Rooms maintain a functional, minimalist style. To take maximum advantage of the space, the bathrooms are open to the room, with wet areas enclosed. Those on the top floor have balconies with great views.

3 reasons why you’ll love it:

  • Nice relaxation area on the 7th floor.
  • Extremely kind and helpful staff.
  • Free coffee and tea in the lobby.

Hostal Don Alfonso

Located in the heart of central Madrid and a stones throw from Puerta del Sol and Plaza Mayor, you can visit most of the city’s highlights from Hostal Don Alfonso.

The guesthouse is located on the second floor of a building. They don’t serve breakfast but being centrally located, there are a number of bars and coffee shops just a few feet away, including the popularly known Chocolatería San Ginés, which is around the corner if you fancy chocolate con churros for breakfast.

Rooms are small but perfectly functional and tastefully decorated in grey and white. Beds are comfortable and there is also air conditioning, TV, free Wi-Fi access, a safe and plenty of power points.

3 reasons why you’ll love it:

  • Absolutely great location.
  • If you need something just ask at the reception and they will give you, (e.g. hairdryer, electric kettle).
  • The staff are not just nice, they are truly kind people.

Hostal Alexis

Located next to Plaza Santa Ana and just 5 minutes away from Puerta del Sol, this lovely place is all about its amazing location. The staff also help make this a great place to stay in Madrid – they are helpful and friendly, making your trip to the capital an even better experience than it could have been.

Finding the hotel location is no problem, but finding it within the building may be as there are several hostales located in the building. Hostal Alexis shares the third and fourth floor with another hostal. Unfortunately, there are no signs directing the traveler to the correct floor.

This place is new and clean, but a little compact. Rooms are nicely decorated, bright and cheery. All of them feature white and pink décor while having a safe, air-conditioned, and a private bathroom with a hairdryer.

3 reasons why you’ll love it:

  • Excellent location just off Plaza Santa Ana.
  • Large comfortable beds.
  • Small fridge & kettle in each room.

Map of the 5 best budget hotels in Madrid

As always, you have all the information on a specific map of accommodation in Madrid.

And remember, you can use this map at home and while you’re traveling in Spain. I explain you how to do it in the Madrid Traveller maps page, where you also have links to all the other maps.

Find the best budget hotels in Madrid

If you couldn’t find what you were looking for in my selection above, or you prefer to conduct your own research, use the following search box to look for other budget hotels in Madrid.


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