10 Cheap Hotels in Madrid for a Budget-Friendly Getaway (2024)

cheap hotels in Madrid

If you get good cheap hotels in Madrid, you can enjoy yourself despite being on a tight budget. Madrid comes alive at night, making it one of the most vibrant, entertaining, and lively cities in the world. However, beyond its exceptional art, shopping, nightlife, and gastronomy scenes, this Spanish capital provides visitors and locals alike with endless options for leisure activities. So, today we will be sharing a list of 10 budget hotels in Madrid.

1. Hostel RIO

 Hostel RIO

Address: Calle de Eugenio Caxes 10, 12, Usera, Madrid, 28026, Spain

Located in the heart of Madrid, just a short walk from the Puerta del Sol and the Gran Vía, Hostel RIO is a popular choice for backpackers and budget-minded travelers. Offering a variety of comfortable dorm rooms and private rooms, Hostel RIO features a friendly and welcoming atmosphere, as well as a rooftop terrace with stunning views of the city.

2. The Hat Madrid

The Hat Madrid

Address: C. Imperial, 9, Madrid, 28012, Spain

Nestled in the trendy Malasaña neighborhood, The Hat Madrid is a stylish and modern hostel with a focus on design and social interaction. Featuring bright and airy rooms, a rooftop bar with panoramic city views, and a relaxed and communal atmosphere, The Hat Madrid is a great option for young travelers and groups of friends.

3. Safestay Madrid Central

Safestay Madrid Central

Address: Sagasta, 22, Chueca, Madrid, 28004, Spain

Safestay Madrid Central is a centrally located hostel offering a mix of dorm rooms and private rooms, catering to both solo travelers and groups. With a variety of social events and activities organized throughout the week, Safestay Madrid Central is a great place to meet other travelers and experience the city’s vibrant nightlife.

4. Arc House Madrid

Arc House Madrid

Address: C. de la Victoria, 2, 1o Dcha, Madrid, 28012, Spain

Situated in the historic Lavapiés neighborhood, Arc House Madrid is a cozy and welcoming hostel with a focus on sustainability and eco-friendliness. Featuring comfortable dorm rooms and a spacious common area, Arc House Madrid offers a relaxed and laid-back atmosphere, making it a great choice for those seeking a quiet and uncrowded hostel experience.

5. Room Mate Oscar

Room Mate Oscar

Address: Pl. de Pedro Zerolo, 12, Chueca, Madrid, 28004, Spain

Room Mate Oscar is a boutique hotel located in the Chueca neighborhood, known for its lively atmosphere and vibrant LGBTQ+ scene. With its stylish and modern décor, comfortable beds, and attentive staff, Room Mate Oscar offers a chic and affordable accommodation option in the heart of Madrid.

6. Hotel Regina

Hotel Regina

Address: C. de Alcalá, 19, Madrid, 28014, Spain

Hotel Regina is a charming and historic hotel situated in the Barrio de las Letras, the literary district of Madrid. Offering traditional Spanish décor, cozy rooms, and a rooftop terrace with views of the Gran Vía, Hotel Regina provides a unique and charming accommodation experience in the heart of the city.

7. Hotel Nuevo Boston

Hotel Nuevo Boston

Address: Av. de Aragón, 332, San Blas-Canillejas, Madrid, 28022, Spain

Hotel Nuevo Boston is a family-run hotel located in the Chamberí neighborhood, just a short walk from the Retiro Park. Offering clean and comfortable rooms, friendly service, and a relaxed atmosphere, Hotel Nuevo Boston is a great option for those seeking a budget-friendly hotel in a quiet and residential area.

8. Suites Viena Plaza de España

Suites Viena Plaza de España

Address: C. de Juan Álvarez Mendizábal, 17, Madrid, 28008, Spain

Suites Viena Plaza de España is a modern and stylish aparthotel located near the Plaza de España, offering spacious and well-equipped apartments with kitchenettes. Ideal for families or groups of friends, Suites Viena Plaza de España provides a comfortable and affordable option for longer stays in Madrid.

9. Artrip Hotel

Artrip Hotel

Address: C. de Valencia, 11, Madrid, 28012, Spain

Located in the Salamanca neighborhood, known for its upscale shops and elegant architecture, Artrip Hotel is a modern and stylish boutique hotel offering comfortable rooms and attentive service. With its contemporary décor and central location, Artrip Hotel is a great choice for those seeking a stylish and affordable accommodation option in the heart of Madrid.

10. SLEEP’N Atocha

SLEEP'N Atocha

Address: Calle del Dr. Drumen, 4, Madrid, 28012, Spain

Located near the Atocha train station, SLEEP’N Atocha is a modern and convenient hotel offering clean and comfortable rooms at an affordable price. With its efficient check-in/check-out process, luggage storage facilities, and 24-hour reception, SLEEP’N Atocha is a great option for those on a short stay or transiting through Madrid.

When choosing a hotel in Madrid, consider your budget, desired location, and preferred amenities. If you’re on a tight budget, there are plenty of great hostels and budget-friendly hotels to choose from. If you’re looking for a more upscale or boutique experience, there are also many options available. And if you’re interested in a specific neighborhood or area, be sure to narrow your search accordingly.

Read More Budget Hotels: Cheap Hotels In ParisCheap Hotels In LondonCheap Hotels In Rome.


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