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| Anaco Tres Cruces, 3 | 
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| | € 78-97 |
While the hotel's exterior won't wow you, the modern, comfortable rooms and super-convenient location are sure to make a positive impression. |

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| Asturias Sevilla, 2 | 
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| | € 50-95 |
The mammoth Hotel Asturias, located one block east of Puerta del Sol, offers a whopping 200 rooms, almost all with private balconies overlooking the street. |

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| Best Western Hotel Carlos V Maestro Vitoria, 5 | 
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| | € 84-144 |
Last renovated in 2000, 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. |

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| Cason del Tormes Río, 7 | 
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| | € 72-106 |
The Hotel Casón del Tormes is a lovely three-star hotel, offering 63 spacious and attractive rooms. |

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| Colors Hostal Fuencarral 39, 4th Floor | | 
| | € 55-55 |
Colors is one of our Madrid favorites, for its reasonable rates and guest services. It's an (ahem!) colorful place, with punchy decor and bedding. |

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| Gay Hostal Puerta del Sol Madrid Puerta del Sol, 14 | 
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| | € 30-80 |
Hostal Puerta del Sol is a gay-friendly hostal with a great attitude and an unbeatable perch just above Sol. |

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| Hispano Argentino Gran Vía, 15, 6º | 
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| | € 70-95 |
Located along the Gran Via, the Hostal Hispano-Argentino provides standard rooms with amenities galore for a fair price. |

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| Hostal A. Nebrija Gran Vía 67, 8th Floor | 
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| | € 29-39 |
A. Nebrija is a small, six-room family establishment we regard to be the best bargain in Madrid, complete with Old Spanish charm. |

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| Hostal Acapulco Salud, 13, 4th Floor | 
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| | € 54-54 |
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. |

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| Hostal Adriano Calle de la Cruz 26, 4th Floor | | 
| | € 73-75 |
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. |

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| Hostal Alaska Calle Espoz y Mina 7, 4D | | 
| | € 50-50 |
Hostal Alaska is widely recommended. In addition to being one of the best bargains in town, it's also an inarguably good place for history buffs. |

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| Hostal Asuncion Plaza Santa Bárbara 8, 2nd Floor | | 
| | € 55-55 |
We like Hostal Asunción for its non-touristy location, plus rates are reasonable for services rendered, and include free Wi-Fi. |

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| Hostal Barrera Calle de Atocha 96 | | 
| | € 65-65 |
The attractive two-star Hostal Barrera sits long Calle Atocha, within walking distance to the Museum Triangle and Atocha station. |

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| Hostal Benamar Calle San Mateo 20, 2nd Floor | 
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| | € 20-45 |
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... |

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| Hostal Dominguez Calle Santa Brigada 1, 1st Floor | 
| 
| | € 29-41 |
The Hostal Dominguez is a respite from the buzz of the Chueca's trendy bars and clubs. |

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| Hostal El Catalan Calle de Horteleza 17 | | 
| | € 45-45 |
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, there's no questioning its consistency or value. |

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| Hostal Fonde Horizonte Calle Atocha 28, 2B | | 
| | € 23-72 |
Hostal Fonde Horizonte has been in the same family for 300 years, though the funky vintage décor is at odds with its rich history. |

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| Hostal Gonzalo Calle Cervantes 34 | 
| 
| | € 50-50 |
Gonzalo won't disappoint for location or facilities. Its low rates never fluctuate, even during high season. |

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| Hostal La Fontana Calle Valverde 6, 1st Floor | 
| 
| | € 23-50 |
La Fontana undercuts its two-star bracket contemporaries with friendly service and design savvy. |

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| Hostal La Macarena Cava de San Miguel 8 | 
| 
| | € 59-59 |
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. |

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| Hostal La Plata Gran Vía, 15 4B | 
| 
| | € 65-65 |
Walking into the lobby of Hostal La Plata, a quiet family-run pension on the Gran V&icaute;a, you are immersed in the wonderful world of Cervantes. |

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| Hostal La Zona Calle de Valverde 7, 1 and 2 | | 
| | € 50-70 |
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. |

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| Hostal Lisboa Ventura de la Vega, 17 | 
| 
| | € 54-54 |
Located between Puerta de Sol and El Museo Prado, the Lisboa is certainly clean and comfortable, thanks to...the friendly proprietor. |

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| Hostal Madrid Calle Esparteros, 6, 2nd Floor | | 
| | € 60-75 |
For longer stays in Madrid, Hostal Madrid's over-sized apartments take the cake: think natural wood floors, full kitchens, and well-collected furnishings. |

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| Hostal Paz Calle de la Flora 4, 1st Floor | 
| 
| | € 25-40 |
The friendly Angela runs this 10-room show. Rooms and bathrooms ... are absolutely spotless, and the shiny white bedspreads and wooden furniture are new. |

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