The Best Budget Hotels in Madrid

Why it made the list

Inviting, central, and (under-€100-a-night) affordable, Hotel Mayerling offers one of the city's best values in accommodations. Though you won't be in the lap of luxury here, the modern, well-appointed rooms are perfectly comfortable for travelers who plan on spending most of their time out and about. The 24-hour snack bar, well-priced breakfasts, and faultless soundproofing make this hotel one of our top picks in the budget category.

Sleek minimalism at just the right value can be found in thi Read More

Why it made the list

Laid-back travelers looking to get immersed in Madrid’s alternative Malasaña-neighborhood scene can’t go wrong by booking at Abalú. It’s a funky hotel in a funky district, and rooms offer great value, particularly in the higher-end categories. Though the décor may be over the top for some, it mirrors the hotel’s youthful, lighthearted atmosphere.

Abalú is a hotel that makes no apologies about its quirkines Read More

Why it made the list

Sleep’n Atocha, located across from the eponymous train station, is chic but not too fancy, young but not too rowdy, and affordable but not too bare-bones. Families, solo travelers, and couples will all feel at home at this value hotel—though you won’t likely be spending much time inside with so many of Madrid’s top attractions at your fingertips.

Sleep’n Atocha inhabits the sweet spot between hip hostel an Read More

Why it made the list

The Hat epitomizes the fast-growing category of "designer hostels:" affordable properties geared toward the millennial set that boast sleek multi-person rooms, bumping weekend events, and unexpectedly generous breakfasts. Though you can find cheaper beds in the city, The Hat remains a steal considering its location—steps from the Plaza Mayor—and chic rooftop bar, which attracts a regular local crowd on the weekends. Note to female travelers: "Chicas"-only dormitories are available.

The Hat epitomizes the fast-growing category of "designer ho Read More