A. Nebrija is a small, six-room family establishment we regard to be the best bargain in Madrid, complete with Old Spanish charm.

The friendly Angela runs this 10-room show. Rooms and bathrooms ... are absolutely spotless, and the shiny white bedspreads and wooden furniture are new.

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 that there's no questioning its consistency or value.

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.

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

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.

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.

The 121-room Hotel Paris has an impressive art nouveau façade, fabulous views, and an incredibly convenient location directly on the Puerta del Sol.

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