Uncovering Europe's best budget hotels since 2001.

All recommended hotels in Madrid: $100 - $200

14 cheap hotels in Madrid reviewed by EuroCheapo (See more hotels in Madrid by doing a CheapoSearch)

Editor's Pick
Hotel Santander, Madrid

Address Echegaray, 1 (Huertas & Santa Ana)

Hotel Santander is known for its grandeur and Old World reputation— Old World, in this case, means you can forget about Internet access and cable TV.

8.1 Guest Rating

From

$100

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Editor's Pick
Best Western Hotel Carlos V, Madrid

Address Maestro Victoria, 5 (Puerta del Sol)

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

$105

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Hostal Tijcal II, Madrid

Address Cruz, 26 (Huertas & Santa Ana)

The Tijcal II isn't exactly chic, but it is cheerful. Everything is brand new, from the modern wooden furniture to the well-equipped baths.

7.4 Guest Rating

From

$105

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Editor's Pick
Hotel Plaza Mayor, Madrid

Address Atocha, 2 (La Latina-Lavapies)

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

8.4 Guest Rating

From

$113

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Editor's Pick
Room Mate Mario, Madrid

Address Campomanes, 4 (Puerta del Sol)

"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

$113

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Anaco, Madrid

Address Tres Cruces, 3 (Along the Gran Via)

While the hotel's exterior won't wow you, the modern, comfortable rooms and super-convenient location are sure to make a positive impression.

7.0 Guest Rating

From

$115

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Editor's Pick
Hotel Europa, Madrid

Address Calle del Carmen 4 (Puerta del Sol)

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

From

$115

No online booking

Moderno, Madrid

Address Arenal, 2 (Puerta del Sol)

The Hotel Moderno wowed us with head-to-toe comforts and chic decor. This muy moderno venue overlooks the Puerta del Sol, winning mucho points for its central location.

8.3 Guest Rating

From

$119

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Regente Hotel, Madrid

Address Mesonero Romanos, 9 (Along the Gran Via)

If you're not opposed to shelling out a few extra euros, then check into the three-star Hotel Regente. It's worth it!

7.7 Guest Rating

From

$120

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Editor's Pick
Hotel Ingles, Madrid

Address Echegaray, 8 (Huertas & Santa Ana)

The three-star Hotel Ingles is a classic choice that has managed to keep its rates low, while new matresses and fresh paint keep aging rooms pleasant.

7.9 Guest Rating

From

$125

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Tryp Madrid Gran Via Hotel, Madrid

Address Gran Vía, 25 (Along the Gran Via)

An historic establishment that can boast Ernest Hemingway as a former guest, the Tryp Gran Vía is a safe, moderately-priced bet.

7.1 Guest Rating

From

$132

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Editor's Pick
Hotel Ateneo, Madrid

Address Montera, 22 (Along the Gran Via)

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

8.0 Guest Rating

From

$134

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Petit Palace Posada del Peine, Madrid

Address Postas, 17 (Puerta del Sol)

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

7.9 Guest Rating

From

$138

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Editor's Pick
Petit Palace Ducal, Madrid

Address Hortaleza, 3 (Along the Gran Via)

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.

7.7 Guest Rating

From

$150

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