Uncovering Europe's best budget hotels since 2001.

Expert reviews of cheap hotels in Madrid

Welcome to EuroCheapo, a guide to cheap hotels in Madrid and throughout Europe.

Since 2002, our editors have been visiting, inspecting and photographing budget hotels in the best neighborhoods of Madrid. The places we've chosen as "Editor’s Picks" have certain qualities in common: They're all clean, central, cheap and, if we're lucky, have a touch of personality unique to the city.

Find the perfect budget hotel

Madrid is a feast for budget travelers, and not just because sightseeing, eating and drinking tend to be less expensive here than in other European capitals. Sleeping, too, comes affordably, as the city’s hotels, hostals, and hostels are cheaper than in many other popular Spanish destinations.

• Search for your dates in the box above to see available hotels.

• Click through to see a list of our recommended cheap hotels in Madrid.

Our guide to Madrid on a budget

Check out the articles in our city guide and in our Madrid blog for tips on additional ways to save on your trip, including free and cheap things to do, dining options and more.

Thanks for visiting EuroCheapo. Together we can afford to go anywhere!

From our Madrid blog

The day has come. You’re packing a bag for your trip to Madrid, Spain’s largest city. Seeing that lugging three rolling suitcases is neither savvy nor cost-effective, you have to be choosey with clothes, shoes and ac ... read

You’ve got a bit more than a week to spend in Spain? Lucky you! As a resident of Barcelona, I’m of course tempted to say that you could easily spend the whole time in my city, but most visitors try to see mor ... read

Many first-time visitors (myself included) to Spain have this idea that the country is a warm, perhaps semi-tropical land of sunshine, sangria and siestas. It is. And then it is not. Spain is a big country, and yes, man ... read

Train stations are just like airports. Some are great spots for making connections, others make that change of train (or plane) rather less memorable. Change trains in Cologne and, even with just a dozen minutes between ... read

What are you up to this New Year’s Eve, Cheapos? Hosting a whopper of a party? Running around town with friends? Showing off your boss karaoke skills with a non-stop Gangnam Style medley? If your answer is “w ... read

Madrid articles

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Our top 20 reviewed hotels in Madrid

Editor's Picks Name Price User rating

Editor's Pick
Hostal Cruz-Sol, Madrid

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.

8.1 Guest Rating

From

$72

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Editor's Pick
Hotel Plaza Mayor, Madrid

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

8.4 Guest Rating

From

$115

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Editor's Pick
Hostal San Lorenzo, Madrid

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

7.8 Guest Rating

From

$51

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Editor's Pick
Hostal Barrera, Madrid

The attractive two-star Hostal Barrera sits long Calle Atocha, within walking distance to the Museum Triangle and Atocha station.

8.6 Guest Rating

From

$87

No online booking

Editor's Pick
Hostal Persal, Madrid

The Hostal Persal is an 80-room Madrid classic, where an appealing minimalist aesthetic sets the tone.

7.9 Guest Rating

From

$83

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Editor's Pick
Hostal Acapulco, Madrid

It's all the little details, from the star-spangled shower curtains to the super friendly staff, that make any day at the Acapulco a sunshiny one.

From

$69

No online booking

Editor's Pick
Hotel Europa, Madrid

Rooms at the Hotel Europa boast beautiful furnishings, fresh fabrics, marble baths, and tons of amenities from sofas to satellite TVs.

From

$118

No online booking

Editor's Pick
Hostal La Macarena, Madrid

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.

8.2 Guest Rating

From

$88

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Editor's Pick
Hostal Riesco, Madrid

Super cheap and located directly on Puerta del Sol, the Riesco provides a nice, air-conditioned stay near the heart of Madrid.

8.5 Guest Rating

From

$71

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Editor's Pick
Best Western Hotel Carlos V, Madrid

This centrally situated, reliable hotel is a dream come true for risk-averse travelers ... You can get shuttle service to and from the airport, and it's located in a popular shopping area, just off the pedestrian-only Preciados.

8.2 Guest Rating

From

$108

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Editor's Pick
Hostal Gonzalo, Madrid

Gonzalo won't disappoint for location or facilities. Its low rates never fluctuate, even during high season.

9.1 Guest Rating

From

$71

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Editor's Pick
Hostal Puerta del Sol Madrid, Madrid

Hostal Puerta del Sol is a gay-friendly hostal with a great attitude and an unbeatable perch just above Sol.

7.6 Guest Rating

From

$77

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Editor's Pick
Hostal La Fontana, Madrid

La Fontana undercuts its two-star bracket contemporaries with friendly service and design savvy.

7.5 Guest Rating

From

$42

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Editor's Pick
Hostal Lisboa, Madrid

Located between Puerta de Sol and El Museo Prado, the Lisboa is certainly clean and comfortable, thanks to the friendly proprietor.

8.1 Guest Rating

From

$69

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Editor's Pick
Hostal Benamar, Madrid

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...

9.0 Guest Rating

From

$45

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Editor's Pick
Room Mate Mario, Madrid

"We want to be like a friend in the city who has the best apartment in the best part of town, and who can tell you where to go out at night."

8.7 Guest Rating

From

$115

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Editor's Pick
Cason del Tormes, Madrid

The Hotel Casón del Tormes is a lovely three-star hotel, offering 63 spacious and attractive rooms.

8.7 Guest Rating

From

$92

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Editor's Pick
Hotel Ateneo, Madrid

Sleek and chic Ateneo provides 38 impressive three-star rooms just north of Puerta del Sol.

8.0 Guest Rating

From

$137

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Editor's Pick
Hostal Santillan, Madrid

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!

8.7 Guest Rating

From

$64

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Editor's Pick
Hostal Adriano, Madrid

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.

8.2 Guest Rating

From

$83

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