Cheap hotels in Madrid

Expert reviews of cheap hotels in Madrid

On the hunt for cheap hotels in Madrid? Happily, the city has loads to offer budget travelers, from great budget hotels, to inexpensive restaurants and affordable nightlife.


Who are we? EuroCheapo is the expert guide to cheap hotels in Madrid and throughout Europe. Our editors have been inspecting, photographing and reviewing cheap hotels in Madrid since 2002--and have many hotels to tell you about, all located in central Madrid.


Welcome to Madrid! Trust us—We've been there.


» See our 50 recommended hotels in Madrid

Our Madrid hotel picks

Editor's Pick

Doubles from

$117

Hotel Plaza Mayor2 star hotel2 star hotel

8.4 guest rating

EuroCheapo Review
The Hotel Plaza Mayor is worth the few extra euros for its bonus services, accountability, and warm welcome.

Hotel Plaza Mayor, Madrid

Editor's Pick

Doubles from

$52

Hostal San LorenzoPension

7.7 guest rating

EuroCheapo Review
Hotel San Lorenzo, perched just off Gran Via, impresses to the nines with its country style and bargain rates.

Hostal San Lorenzo, Madrid

Editor's Pick

Doubles from

$73

Hostal Cruz-SolPension

8.1 guest rating

EuroCheapo Review
The Hostal Cruz-Sol has it all—rock-bottom prices, comfy rooms, and a cool and convenient location. It overlooks the Plaza de Santa Cruz and is just a minute from Puerta del Sol.

Hostal Cruz-Sol, Madrid

Editor's Pick

Doubles from

$72

Colors HostalHostal

8.3 guest rating

EuroCheapo Review
Colors Hostel is run by a vivacious Argentinean man and is comprised of 9 rooms. Four rooms have balconies that overlook Fuencarral, a trendy street strung with designer clothing shops leading all the way to Chueca.

Colors Hostal, Madrid

Editor's Pick

Doubles from

$111

Sercotel Meninas4 star hotel4 star hotel4 star hotel4 star hotel

8.3 guest rating

EuroCheapo Review
In our opinion, the four-star Hotel Meninas is the most tasteful non-chain establishment in Madrid—UN representatives and Gay Pride visitors agree.

Sercotel Meninas, Madrid

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