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Best budget hotels in Madrid

Budget hotels in Madrid are not as hard to find as you might think. Here 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.

Yes, you can find quality budget hotels in Madrid. But finding hotels that are pleasing and won’t break the bank requires a bit of searching. Not to worry, I’ve done the work for you! The offer is so wide that I found dozens of hotels offering clean, comfortable accommodation at reasonable prices.

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. We tell you about it on the Madrid Traveller maps page, where you also have links to all the other maps.

Nevertheless, 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 budget hotels in Madrid

Francisco I: It’s located in the charming Austrias neighborhood, near the Royal Palace and the Plaza Mayor. This retro charm 65-room hotel is especially stylish for a budget hotel, and some include a small balcony that look out on the street.

Room Mate Mario: The Mario is one of the Room Mate chain’s more budget-friendly options, and caters to a younger crowd. It has a modern atmosphere and lower prices than other properties in the area. The hotel has a great location on a quiet street in the city center, and it’s within fast walking distance of attractions, including the Royal Theater.

Sleep’n Atocha: Just steps from Museo Nacional Centro de Arte Reina Sofía, this hostel is a perfect base for exploring Madrid. Managed by a multilingual staff, it offers a convenience store, a library and a lounge where you can grab a bite at the café or sip a cocktail.

Mayerling Hotel: Refurbished from an old textile warehouse, this stylish, 22-room designer hotel is located in the historic city center of Madrid. A short walk from the Tirso de Molina metro station, its excellent location in the heart of Madrid de los Austrias provides a variety of tapas bars, restaurants and stores, including the San Miguel market.

Hostal Atelier: Set within 5 minutes’ walk of Puerta del Sol and Sevilla Metro Stations, Hostal Atelier features modern air-conditioned rooms with free WiFi. Each room has contemporary décor and parquet flooring, a flat-screen TV, a safe, and a private bathroom with shower and free toiletries.

Hostal Don Alfonso: Located just 100 meters from Puerta del Sol and 250 meters from the Plaza Mayor, you can visit some of the city’s highlights from here. The guesthouse offers 19 wide, luminous and comfortable bedrooms completely quipped with wooden floors, private bathroom, air conditioning, TV, free Wi-Fi access, and a safe.

Hostal Alhambra Suites: Right at the center of the Barrio de las Letras, this hotel offers multilingual staff, a 24-hour front desk and laundry services. Set down your bags and unwind in one of the 10 pleasant rooms, featuring a minibar, a rainfall shower, free toiletries, a flat-screen TVs, a desks and a safe.

Hostal Castilla II: Just a few steps away from Puerta del Sol, this guesthouse offers a nice and comfortable place to rest after exploring the city. Step into one of the 23 rooms, where you can take advantage of a balcony or the patio, and Egyptian cotton sheets.

Hostal Alexis: Located next to Plaza Santa Ana and just 300 meters from Puerta del Sol, it offers modern, air-conditioned rooms with free WiFi. All of them feature white and pink décor while having a safe and a private bathroom with a hairdryer.

Hotel Mediodía: Though this hotel is only classed as two stars, it feels like much more. Its location is decidedly grand – on a large avenue directly across from Madrid’s principal train station (Atocha) and pretty much on the back porch of the not-to-be-missed Reina Sofia Art Museum. Though dated (in a charming way) the hotel is impeccably clean, and rooms are basic but comfortable.


Can’t find what you are looking for?

You can also use the following search box to look for other budget hotels in Madrid.