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| Hispano Argentino Gran Vía, 15, 6º | 
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| | € 70-95 |
Located along the Gran Via, the Hostal Hispano-Argentino provides standard rooms with amenities galore for a fair price. |
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| Hostal A. Nebrija Gran Vía 67, 8th Floor |
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| | € 29-39 |
A. Nebrija is a small, six-room family establishment we regard to be the best bargain in Madrid, complete with Old Spanish charm. |
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| Hostal La Plata Gran Vía, 15 4B |
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| | € 65-65 |
Walking into the lobby of Hostal La Plata, a quiet family-run pension on the Gran V&icaute;a, you are immersed in the wonderful world of Cervantes. |
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| Hostal Residencia Felipe V Gran Vía 15, 4th Floor Right | | 
| | € 62-62 |
This two-star hostal sits directly above Gran Vía, in a building jam-packed with other hostals. |
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| Hostal Residencia Helena Gran Vía 44, 9th Floor |
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| | € 43-43 |
For travelers with wide eyes and a slim budget, Hostal Residencia Helena is a good choice for its high-rise perch. |
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| Hostal Santillan Gran Vía 64, 8th Floor |
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| | € 30-55 |
There are dozens of family photos from across the decades lining the lobby's halls and walls. It will certainly make you feel right at home! |
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| Tryp Gran Via Gran Vía, 25 | 
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| | € 105-120 |
An historic establishment that can boast Ernest Hemingway as a former guest, the Tryp Gran Vía is a safe, moderately-priced bet. |
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| Colors Hostal Fuencarral 39, 4th Floor | | 
| | € 55-55 |
Colors is one of our Madrid favorites, for its reasonable rates and guest services. It's an (ahem!) colorful place, with punchy decor and bedding. |
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| Hostal Asuncion Plaza Santa Bárbara 8, 2nd Floor | | 
| | € 55-55 |
We like Hostal Asunción for its non-touristy location, plus rates are reasonable for services rendered, and include free Wi-Fi. |
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| Hostal Benamar Calle San Mateo 20, 2nd Floor |
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| | € 20-45 |
Renovated rooms have their own personal computer with Internet access. Plus, they are f-r-e-s-h, with new doors, new beds, big TVs, AC... |
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| Hostal Dominguez Calle Santa Brigada 1, 1st Floor |
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| | € 29-41 |
The Hostal Dominguez is a respite from the buzz of the Chueca's trendy bars and clubs. |
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| Hostal El Catalan Calle de Horteleza 17 | | 
| | € 45-45 |
Hostal el Catalán is to hostals what Levi's is to jeans—it's an established brand that has so passed the test of time, there's no questioning its consistency or value. |
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| Hostal La Fontana Calle Valverde 6, 1st Floor |
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| | € 23-50 |
La Fontana undercuts its two-star bracket contemporaries with friendly service and design savvy. |
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| Hostal La Zona Calle de Valverde 7, 1 and 2 | | 
| | € 50-70 |
Late night festivities are encouraged here, but raging parties on the streets of Chueca stop at the door—Hostal La Zona prides itself on class and safety. |
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| Hostal San Lorenzo Clavel 8 |
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| | € 60-95 |
Hotel San Lorenzo, perched just off Gran Via, impresses to the nines with its country style and bargain rates. |
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| Petit Palace Ducal Hortaleza, 3 | 
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| | € 120-140 |
Though a little bit expensive for Madrid, High Tech Petit Palace Ducal has a great location and unique design that make it a splurgeworthy pick.
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| Asturias Sevilla, 2 |
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| | € 50-95 |
The mammoth Hotel Asturias, located one block east of Puerta del Sol, offers a whopping 200 rooms, almost all with private balconies overlooking the street. |
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| Hostal Adriano Calle de la Cruz 26, 4th Floor | | 
| | € 73-75 |
In a building stacked with hostals in the Huertas district, the stealthily-attractive Adriano sits just waiting to be discovered for its unbeatable style and rates. |
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| Hostal Alaska Calle Espoz y Mina 7, 4D | | 
| | € 50-50 |
Hostal Alaska is widely recommended. In addition to being one of the best bargains in town, it's also an inarguably good place for history buffs. |
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| Hostal Fonde Horizonte Calle Atocha 28, 2B | | 
| | € 23-72 |
Hostal Fonde Horizonte has been in the same family for 300 years, though the funky vintage décor is at odds with its rich history. |
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| Hostal La Macarena Cava de San Miguel 8 |
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| | € 59-59 |
This cozy, tastefully decorated two-star is the perfect place for those who don't want to travel very far from their room to be near the action. |
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| Hostal Lisboa Ventura de la Vega, 17 |
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| | € 54-54 |
Located between Puerta de Sol and El Museo Prado, the Lisboa is certainly clean and comfortable, thanks to...the friendly proprietor. |
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| Hostal Madrid Calle Esparteros, 6, 2nd Floor | | 
| | € 60-75 |
For longer stays in Madrid, Hostal Madrid's over-sized apartments take the cake: think natural wood floors, full kitchens, and well-collected furnishings. |
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| Hostal Persal Plaza del Angel, 12 |
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| | € 65-115 |
the Hostal Persal is an 80-room Madrid classic, where an appealing minimalist aesthetic sets the tone. |
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| Hostal Tijcal I Zaragoza 6 - 3ro. Dcha. |
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| | € 49-66 |
Owners Gabriel, Marcelo, and Ramon have put a lot of time, hard work, and fresh paint into their endeavor. |
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