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

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Hostal La PlataPension

7.5 guest rating

EuroCheapo Review: Walking into the lobby of Hostal La Plata, a quiet family-run pension on the Gran Vía, you are immersed in the wonderful world of Cervantes.

Hostal La Plata, Madrid

Editor's Pick

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$144

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Petit Palace Posada Del Peine4 star hotel4 star hotel4 star hotel4 star hotel

7.9 guest rating

EuroCheapo Review: Posada del Peine manages to offer affordable rates to travelers while maintaining its four-star status.

Petit Palace Posada Del Peine, Madrid

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$110

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Best Western Hotel Carlos V3 star hotel3 star hotel3 star hotel

7.8 guest rating

EuroCheapo Review: 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.

Best Western Hotel Carlos V, Madrid

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$47

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Hostal VillarPension

6.6 guest rating

EuroCheapo Review: Providing 46 rooms along the central Calle Principe, the Villar is noteworthy for its rock-bottom prices and nifty wrought-iron elevator.

Hostal Villar, Madrid

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$72

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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

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