The Best Budget Hotels in Madrid

Benjamin Kemper | February 21, 2018

As far as European cities go, Madrid is undeniably cheap. Beers cost about €2, a metro ride will run you €1.50, and a solid soup-to-nuts dinner will set you back just €30-ish per person. So, it's no surprise that there are plenty of bargains to be found in the hotel sector. From designer hostels to homey posadas to budget hotels, these are our top picks for economical accommodations in the Spanish capital. These are the cheapest hotels in Madrid.

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#8

Posada del León de Oro

Why it made the list

As Madrid becomes more and more overrun with personality-less corporate hotels, it’s crucial to keep patronizing independently owned properties like Posada del León de Oro—not only because they’re an endangered species, but because they also offer guests a far more intimate and genuine sense of place. Though Posada del León has its pitfalls, particularly in the design department, it wins us over with its countrified charm and quality food and wine (400 by-the-glass pours!).

This refurbished late-19th-century property feels more like Read More

#7

Mayerling Hotel

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

#6

Urban Sea Atocha 113

Why it made the list

A metropolitan outpost of the Blue Sea resort chain, Urban Sea Atocha 113 is a no-frills 36-room hotel just north of the city's main railway station. Interiors are clean, compact, and cozy, and there’s a rooftop terrace with gorgeous views—a rarity at this price point. Surrounded by minimalist, all-white décor, it’s easy to forget you’re in a charming turn-of-the-century building—though the hotel’s creaky spiral staircase is a pleasant reminder.

A metropolitan outpost of the Blue Sea resort chain, Urban S Read More

#5

Hotel Abalú

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

#4

Hostal Adriano

Why it made the list

Hostels get a bad name in Madrid, since many play host to rambunctious study-abroad students and backpackers, but Hostal Adriano is different: It's clean, quiet, and cozy and includes amenities that many entry-level hotels don't offer. Situated within minutes from Puerta del Sol and the Plaza Mayor, Hostal Adriano allows you to be close to all of Madrid's best sites on a shoestring budget.

Tucked away on a street with dozens of bland competitors a c Read More

#3

Sleep’n Atocha

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

#2

Room Mate Alicia

Why it made the list

If you're an art lover on a budget, Room Mate Alicia offers great bang for your buck. Its proximity to Madrid's "Golden Triangle" of museums and key historic sites, such as the Plaza Mayor and Puerta del Sol, means you won't waste time sitting on the metro or hailing taxis. Varied rooms appeal to all types of travelers: Families will feel at home in the duplex suite, and revelers will find no shortage of hopping nightlife venues.

The all-white lobby, with curving walls, backlit ceiling pan Read More

#1

The Hat

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

  • 8. Posada del León de Oro
    Calle Cava Baja 12,Madrid,Spain,28005
  • 7. Mayerling Hotel
    Calle del Conde de Romanones 6,Madrid,Spain,28012
  • 6. Urban Sea Atocha 113
    Calle Atocha 113,Madrid,Spain,28012
  • 5. Hotel Abalú
    Calle del Pez 19,Madrid,Spain,28004
  • 4. Hostal Adriano
    Calle de la Cruz 26, 4th fl.,Madrid,Spain,28012
  • 3. Sleep’n Atocha
    Calle Dr. Drumen 4,Madrid,Spain,28012
  • 2. Room Mate Alicia
    Calle Prado 2,Madrid,Spain,28014
  • 1. The Hat
    Calle Imperial 9,Madrid,Madrid,Spain,28005

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