Home > Madrid Cheap Hotels
Updated: January 8, 2020
• Affiliate Disclosure: All hotel links on my site are affiliate links meaning I earn a small fee when you book a hotel. (There is never any extra cost to you for using these links).
• Charitable Giving: I use some of these earnings for my monthly donation.
• Updates: Get my free newsletter and all new travel guides, maps & hotel reviews.
The 9 Best Budget Hotels in Madrid
1. Mola Hostel – Budget
Funky hostel located a 3-minute walk (300m) from Puerta del Sol, a 7-minute walk (550m) from San Miguel Market, and within a short walk of many restaurants, shops, and theaters. The property offers modern dorm-style rooms with shared bathrooms and private rooms with ensuite bathrooms. Also daily buffet breakfast (for a fee), a spacious lounge area, organized tours and activities, and 24-hour reception.
2. Hostal Triana – Budget
No-frills hotel situated among a variety of restaurants and shops, and located a 3-minute walk (300m) to the Puerta del Sol and a 9-minute walk (800m) to the Círculo de Bellas Artes. All rooms have private bathrooms, some rooms have air conditioning and balconies, and the property has a 24-hour front desk and several sitting areas.
3. Hostal Adriano – Budget
Good cheap hotel located a 3-minute walk (270m) to the Puerta del Sol, a 6-minute walk (450m) to Plaza Mayor, and within blocks of a variety of restaurants and shops. All rooms have private bathrooms, safes, and refrigerators. The front desk is staffed around the clock.
4. Urban Sea Hotel Atocha 113 – Budget
Affordable and modern boutique hotel featuring a rooftop terrace, business center, free tea and coffee in the lobby, and efficient guest rooms with minimalist white decor. Nestled among numerous restaurants, the hotel is located an 8-minute walk (650m) from Puerta de Atocha Station, a 4-minute walk (300m) from Real Jardín Botánico, and an 8-minute walk (600m) from the Museo Nacional del Prado.
5. Hostal Madrid – Budget
Budget hotel with rooms for up to four guests, all with private bathrooms and air conditioning. Surrounded by restaurants and shops, the hotel is located a 3-minute walk (210m) to the Puerta del Sol, a 3-minute walk (210m) to Plaza Mayor, and a 5-minute walk (400m) to San Miguel Market.
6. Hostal Central Palace Madrid – Moderate
Just steps from the Royal Palace of Madrid (2-minute walk, 200m) and Teatro Real (2-minute walk, 140m), this centrally located hotel is within walking distance of many restaurants and the Opera subway station (3-minute walk, 230m). Good value property featuring a 24-hour front desk and breakfast for a fee, and every room has a modern, private bathroom, wood floors, and vintage furnishings.
7. Aparto Suites Muralto – Moderate
Modern apartments with kitchenettes, air conditioning, and a variety of bedding options that can accommodate up to five guests. In addition to breakfast for a fee, the property features on-site parking (fee applies) and a 24-hour front desk, and its location is four blocks from West Park (4-minute walk, 350m) and 800m to the Temple of Debod (10-minute walk) and Plaza de Espana (9-minute walk).
8. Room Mate Alicia – Moderate
Stylish hotel located near a variety of theaters, restaurants, and shops, and a 9-minute walk (800m) from the Museo Nacional del Prado. All rooms have colorful designer decor, private bathrooms, minibars, and desks; some rooms have balconies. Hotel amenities include a breakfast buffet (fee applies).
9. 60 Balconies Urban Stay (Apartments) – Moderate
Contemporary apartments with full kitchens, private balconies, and eclectic artwork, located a 3-minute walk (220m) from the Museo Nacional Centro de Arte Reina Sofía, an 8-minute walk (500m) from Retiro Park, and a 5-minute walk (350m) from Puerta de Atocha Station. Accommodation options range from studio apartments to three-bedroom apartments, and all units have access to laundry facilities.