Madrid Cheap Hotels

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Here is a quick list of Cheap Hotels in Madrid, selected based on their rating

Name of hotel Accommodation Rating Price, $
Hostal Silserranos

8.7 / 10

(3706 Reviews)

From 45$
Sterling Hotel

8.1 / 10

(2118 Reviews)

From 134$
Hotel Mediodia

8.6 / 10

(9516 Reviews)

From 145$
Aparthotel Encasa

8.4 / 10

(2386 Reviews)

From 68$
Hostal Madrid Centro

7.9 / 10

(245 Reviews)

From 64$

Cheap hotels in Madrid offer an excellent opportunity for travelers seeking comfortable accommodations without breaking the bank. With a rich cultural tapestry and stunning architecture, the Spanish capital has numerous budget-friendly options that cater to various preferences. From cozy hostels to charming guesthouses, visitors can easily find a place that meets their needs while exploring this historic city. Additionally, many of these affordable establishments are centrally located, allowing for easy access to major attractions, dining, and transit options. This guide highlights some of the top economical lodging choices in Madrid.

Madrid Accommodation lists:

Good Cheap hotels in Madrid

Table of contents

Hostal Silserranos Sterling Hotel Hotel Mediodia Aparthotel Encasa Hostal Madrid Centro Oriente Palace Apartments Urbansea Atocha 113 Hotel Woohoo Suites Madrid Hrc Hotel Hotel Don Luis

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8.7
Excellent
3706 Reviews

Hostal Silserranos

📍 Fuencarral, 95

From 45$

The 2-star Hostal Silserranos Madrid is set just 0.9 km from the Vast pedestrianized Puerta del Sol Public Square. It has air-conditioned rooms and 24-hour front desk and concierge service.

This property is located in Centro district, not far from the Museum of history museum "Museo de Historia de Madrid". A short stroll of 12 minutes will take you to Gran Via Boulevard. Hostal Silserranos is placed a few minutes' drive from the urban park "Parque del Retiro".

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8.1
Very good
2118 Reviews

Sterling Hotel

📍 San Bernardo, 29-31

From 134$

This venue is located in the very heart of Madrid, near Gran Via Boulevard and 12 minutes' walk from the large urban Puerta del Sol Plaza. Set just around the corner from Compac Gran Via Theatre, Sterling Hotel Madrid dates back to 1955.

Guests will also appreciate proximity to Calle de la Princesa, which is 650 metres away. The city centre is within 5 minutes' walk away. Museo Sorolla is a few minutes' drive away.

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8.6
Excellent
9516 Reviews

Hotel Mediodia

📍 Plaza Del Emperador Carlos V, 8

From 145$

Located a few minutes' drive from Museo Nacional Centro de Arte Reina Sofia, Hotel Mediodia Madrid offers 167 functional rooms. The venue is 2.6 km from the huge Plaza Mayor, while the vast 19th - century El Retiro Park is 2.3 km away.

Situated in Centro district, this accommodation is 15 minutes walk from the centre of Madrid. Attractions within walking distance include the Spanish national art museum "Museo del Prado" and Plaza del Emperador Carlos V.

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8.4
Very good
2386 Reviews

Aparthotel Encasa

📍 Carretera De Vicalvaro A La Estacion De O'Donnell,

From 68$

Aparthotel Encasa Madrid is located 7 km from the famous Bullring "Plaza de Toros de Las Ventas" and offers free parking and a sun terrace. The venue features accommodation in Vicalvaro district.

Edificio Carrion is less than 5 km away. The hotel stands 550 metres from Puerta de Arganda tube station. A short drive will take you to IFEMA Convention Center.

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7.9
Very good
245 Reviews

Hostal Madrid Centro

📍 Carrera De San Jeronimo 32, 5º Derecha

From 64$

Set within a 5-minute walk of the Vast pedestrianized Puerta del Sol Public Square, this 3-star Hostal Madrid Centro is located near the scenic Plaza de Santa Ana. Wi-Fi is available throughout the venue as well as storage for belongings, a vending machine and a tour desk are available on site.

The accommodation lies about 5 minutes' walk from the city centre. The art Museo Nacional Thyssen-Bornemisza is merely 450 metres away. The huge Plaza Mayor is also located near the hotel. The property is only a short drive from the official residence "Royal Palace of Madrid".

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Hotels in Madrid

Airport nearby ✈️ Adolfo Suarez Madrid-Barajas
Average Price 💰 201$
Hotels in Madrid 🏨 5095
Hotel Reviews ⭐ 236155
Landmarks nearby 📍 Naval Museum of Madrid, Museo del Aire, Palacio de Cristal, Plaza de Oriente, Plaza de Santa Ana
Top Hotel for couples 💑 Hostal Silserranos
Best mid-range Hotel 🌴 Sterling Hotel
Family Hotel 👪 Hotel Mediodia

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8.9
Excellent
3464 Reviews

Oriente Palace Apartments

📍 Calle Lepanto 6

From 81$

Oriente Palace is 300 metres away from the ridge-top Royal Palace of Madrid and features 24-hour front desk, 24-hour security service and housekeeping. In a 5-minute walk guests can reach Opera tube station.

Situated in Centro district, this aparthotel is 10 minutes walk from the centre of Madrid. You can also visit the large urban Puerta del Sol Plaza, which is located within 13 minutes walk from the venue. The Roman Catholic cathedral "Catedral de Sta Maria la Real de la Almudena" is also located near the accommodation. It is a minute's walk away from Plaza de Espana Jardines de Ferraz.

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8.3
Very good
3913 Reviews

Urbansea Atocha 113 Hotel

📍 Atocha, 113

From 105$

Boasting a sun terrace and a restaurant, Urban Sea Hotel Atocha 113 Madrid is located just 0.4 km from Paseo del Prado. Prado National Museum is a few steps away, while Atocha's train station is within a 5 minutes' walk from the venue.

The property is situated in Centro district, near Kapital. The centre of Madrid is reachable within 10 minutes' walk. Urban Sea Hotel Atocha 113 is a short ride from the Catholic cathedral "Catedral de Sta Maria la Real de la Almudena".

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8.3
Very good
1439 Reviews

Woohoo Suites Madrid

📍 Concepcion Arenal, 6, 1

From 71$

The 2-star Woohoo Suites Madrid is set 0.4 km from Gran Via Street and 0.3 km from Convent of the Royal Barefoot Nuns Monasterios de las Descalzas Reales. The guest house features free Wi Fi throughout the venue.

The accommodation is set within 5 minutes' walk of the centre of Madrid, not far from La Central de Callao Book Store. The hotel is situated in Centro district, close to the large urban Puerta del Sol Plaza. The art Museo Nacional Thyssen-Bornemisza is just a short drive away.

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0.7
Good
1136 Reviews

Hrc Hotel

📍 Del Angel, 18

From 63$

Hrc Hotel is positioned 300 metres from the local history museum "Museo de San Isidro", in a historic area of Madrid. Boasting 24-hour front desk, medical service and concierge service, this venue also provides guests with a business centre and a conference hall.

Located off Casa de Cisneros, the accommodation is set near the baroque Catholic cathedral "Catedral de Sta Maria la Real de la Almudena". Mercado de la Cebada Fresh Food Market is 350 metres away from the property. Hrc Hotel is a short drive from Museo Nacional Centro de Arte Reina Sofia.

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7.4
Good
6394 Reviews

Hotel Don Luis

📍 Avenida General, 12 (Bajo)

From 47$

Situated 3.8 km from IFEMA Convention Center in Madrid, Hotel Don Luis features a golf course and a Jacuzzi throughout the venue. Barajas, the nearest underground station, is a 10-minute walk away.

This property offers accommodation in Barajas district with nearby access to Parroquia Nuestra Senora del Loreto. Felipe VI Park is about a 10-minute drive from here. Hotel Don Luis is a short ride from Real Madrid City.

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7.8
Very good
1158 Reviews

Hostal New Life Madrid

📍 San Bernardo 55, 2D

From 55$

Offering air-conditioned rooms and free Wi-Fi throughout the venue, the 2-star Hostal Noviciado Madrid is 700 metres from Convent of the Royal Barefoot Nuns Monasterios de las Descalzas Reales and within walking distance to the huge Plaza Mayor. Situated in Centro district, the accommodation is set 2.3 km from Prado National Museum.

This cheap hotel is placed about 25 km from Adolfo Suarez Madrid-Barajas airport and a few minutes' walk from Ministry of Justice. The centre of Madrid is 1 km away. The vast 19th-century El Retiro Park is only a short drive away.

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8.1
Very good
2490 Reviews

Hostal America

📍 Hortaleza, 19 - 5ª Planta

From 151$

Hostal America Madrid, located off Calle de Hortaleza, boasts 20 air-conditioned rooms. This guest house is not far from Gran Via Boulevard and Royal Botanical Garden of Madrid is 1.5 km away.

The venue is set in Centro district, 250 metres from Gran Via underground station. The ridge-top Royal Palace of Madrid is about 850 metres away. The football Santiago Bernabeu Stadium is also within a few minutes drive from Hostal America.

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8.8
Excellent
2166 Reviews

Hotel Puerta De Toledo

📍 Glorieta Puerta De Toledo, 4

From 125$

The 3-star Hotel Puerta De Toledo is set 1.2 km from the luxurious over-the-top rococo Royal Palace of Madrid and 1.3 km from the huge Plaza Mayor. Boasting 24-hour front desk assistance, shuttle service and housekeeping, this venue also provides guests with computers, a conference hall and a xerox.

The accommodation is located near the fine old Church of San Pedro El Viejo, about 150 metres from Puerta de Toledo tube station. The city centre lies within 2 km of the hotel. The Royal Real Basilica de San Francisco el Grande is also located near the property. The accommodation is only a short drive from Gran Via Boulevard.

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8.5
Very good
1956 Reviews

Fuencarral Rooms

📍 Calle Fuencarral, 39-3 Derecha

From 69$

Featuring storage for belongings and a parking, Fuencarral Rooms offers accommodation within 1.1 km from the room Royal Palace of Madrid. The surrounding area includes the Vast pedestrianized Puerta del Sol Public Square and Gran Via tube station within 350 metres from the property.

Situated in Centro district, the guest house is set 0.4 km from Congreso de los Diputados. It is a 10-minute walk from the centre of Madrid. Fuencarral Rooms is an ideal place for exploring the famed Gran Via Street located nearby.

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9.2
Excellent
4610 Reviews

Hostal Central Palace Madrid

📍 Plaza Oriente 2

From 230$

Hostal Central Palace Madrid, located near the neoclassical Sabatini Gardens, offers 24-hour reception, 24-hour security and concierge service along with views over the city. The venue is set 300 metres from the official residence "Royal Palace of Madrid".

The accommodation is set in Centro district, a few steps from the huge Plaza Mayor. The urban park "Parque del Retiro" is 2.1 km from the guest house in Madrid. The Vast pedestrianized Puerta del Sol Public Square is also within a few minutes drive from Hostal Central Palace Madrid.

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7.6
Very good
3170 Reviews

Hostal Manuela By Gaiarooms

📍 Gran Via, 15, 4B Traslados

From 125$

Offering a storage for belongings, a safe deposit box and a parking, Hostal La Plata Madrid is only 10 minutes’ walk from the huge Plaza Mayor. The venue is situated in the centre of Madrid, near the large urban Puerta del Sol Plaza.

The guest house is centrally located in vicinity of the grand Gran Via Boulevard. Paseo del Prado is within 1.4 km away. Hostal La Plata is just a short drive from Prado National Museum.

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7.9
Very good
2481 Reviews

Hostal Palacios Fuencarral

📍 Fuencarral, 25 , 1 Derecha

From 39$

Calle Ponzano tapas is 2 km from Hostal Palacios Fuencarral Madrid, while Gran Via Street is 250 metres away. The venue provides 21 guestrooms appointed with Wi-Fi, flat-screen television and soundproof windows for a pleasant stay in Madrid.

The accommodation is set in Centro district, within easy reach of the Vast pedestrianized Puerta del Sol Public Square. The city centre is a 10-minute walk away. Hostal Palacios Fuencarral is a short drive from Prado National Museum.

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8.7
Excellent
2373 Reviews

Exe Suites 33

📍 Leganitos, 33

From 85$

Boasting currency exchange, storage for belongings and a car park, Exe Suites 33 Madrid is located just 1 km from the large urban Puerta del Sol Plaza. Gran Via Boulevard can be found 950 metres from the venue.

The accommodation is set in Centro district, in vicinity of Calle de la Princesa. The centre of Madrid is 1 km away. The hotel is close to Main Square.

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8.7
Excellent
1109 Reviews

Hostal Santa Isabel

📍 Santa Isabel, 15, 4º

From 208$

Located 600 metres from Atocha's railway station, Hostal Santa Isabel Madrid offers quick access to Prado National Museum. The venue provides 10 guestrooms appointed with a flat-screen TV with satellite channels, air conditioner, tea and coffee making equipment for a pleasant stay in Madrid.

The large urban Puerta del Sol Plaza is 1 km from the accommodation, while the art Museo Nacional Thyssen-Bornemisza is 1.2 km away. The city centre is also 1 km away. Hostal Santa Isabel is near Basilica of Jesus de Medinaceli.

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8.4
Very good
3148 Reviews

Hostal Alfaro

📍 C. De Ventura De La Vega 16

From 49$

Featuring storage for belongings and parking spaces, Hostal Alfaro Madrid is located in Centro district, 1 km from Prado National Museum. In a 5-minute walk guests can reach Sevilla tube station.

This accommodation is in a 10-minute walk from Plaza de Cibeles. The centre of Madrid is 1 km from the venue. Gran Via Boulevard is also located near the hotel. A short drive will take you to the vast 19th-century El Retiro Park.

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8.4
Very good
9417 Reviews

Ibis Madrid Aeropuerto Barajas Hotel

📍 Avenida General 49

From 125$

The 2-star Ibis Madrid Aeropuerto Barajas Hotel is set 2.7 km from Parque Juan Carlos I and 3.5 km from IFEMA Convention Center. Guests will have access to parking area onsite for added convenience.

Located in Barajas district, this venue is 700 metres from Barajas tube station and close to Parroquia Nuestra Senora del Loreto. This accommodation is located in a shopping area of Madrid. The hotel is only a short drive from Parque de El Capricho.

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8.6
Excellent
2659 Reviews

Hostal Oriente

📍 C\/. Arenal, 23 -1 Izda.

From 67$

Hostal Oriente Madrid is located at 350 metres' distance from the huge Plaza Mayor as well as features 24-hour front desk, 24-hour security service and housekeeping service. The venue is situated in the centre of Madrid, near the prominent opera house "Teatro Real".

Guests will appreciate an ideal location in the vicinity of the Vast pedestrianized Puerta del Sol Public Square. The large park "Casa de Campo" is 3.5 km from the guest house, while Adolfo Suarez Madrid-Barajas airport is 15 km from it. Hostal Oriente is just a short drive from Prado National Museum.

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8.4
Very good
2554 Reviews

Hostal Rias Bajas

📍 San Bernardo 35

From 43$

Hostal Rias Bajas Madrid boasts a great setting not far from the large urban Puerta del Sol Plaza. The venue provides 11 guestrooms appointed with air conditioning, multi-channel television and smoke detectors for a pleasant stay in Madrid.

Prado National Museum is 2.1 km from the accommodation while the huge Plaza Mayor is set 450 metres away. The city centre is a 5-minute walk away. Hostal Rias Bajas is set near the prominent opera house "Teatro Real".

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7.3
Good
5748 Reviews

Boutique Urban Madrid Serrano

📍 Diego De Leon, 10

From 48$

Offering parking spaces and a restaurant, Boutique Urban Madrid Serrano Aparthotel is located less than 5 minutes by car from the vast 19th - century El Retiro Park. Situated in the centre of Madrid, the venue gives quick access to Hand.

The hotel features accommodation in Salamanca district. It will take about 25 minutes to get to the Vast pedestrianized Puerta del Sol Public Square on foot. The neo-mudéjar-style bullfighting arena "Plaza de Toros de Las Ventas" is only a few minutes' drive away.

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6.7
Good
1185 Reviews

Stylish City Apartments

📍 Luis Cabrera 37

From 65$

Stylish City Aparthotel Madrid, located 2.2 km from Calle Ponzano tapas, features high-speed Internet access throughout the property. It is near Prosperidad underground station, which is a 5-minute walk away.

The venue is 4 km from the city centre and adjacent to Mercado de Prosperidad. Berlin Park is 1.1 km from the aparthotel in Madrid. Calle del Principe de Vergara is also located near the hotel. You can get to the grand Gran Via Boulevard in a few minutes by car.

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8.7
Excellent
1720 Reviews

Hostal San Martin

📍 Concepcion Arenal, 4, 4º

From 75$

Set within a 5-minute walk of La Central de Callao Book Store, this 2-star Hostal San Martin Madrid is located near Calle de la Princesa. The venue provides 11 guestrooms appointed with air conditioning, Wi-Fi and flat-screen TV for a pleasant stay in Madrid.

The accommodation is set in Centro district, a few steps from the large urban Puerta del Sol Plaza. Prado National Museum is about 20 minutes' walk away. A short driving distance to the reconstructed ancient Egyptian Temple of Debod is a perk for guests staying at Hostal San Martin.

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Madrid Cheap Hotels FAQ
Which Cheap hotels are popular among city visitors?
These Cheap hotels are known for their convenient locations, and positive customer reviews:
Where to find the best cheap hotels in Madrid?
Take advantage of being in Chamberi district and stay at Pension Numancia (rating: 7.4/10) for 59US$ per night. Another top district is Tetuan area, where you can check Pension Navarra rated 7.8/10. This 3-star option costs 56US$ per night and features housekeeping service, ironing and laundry service.
What are the most favoured cheap accommodations in Madrid city centre?
There are 16 cheap hotels to choose from. For a fantastic stay in Madrid, choose Hostal Sol (rating: 8.8/10) with rooms at the cost of 63US$ per night. It's set in Centro district. Alternatively, book B&B Hotel Centro Fuencarral 52 (rating: 7.8/10) with concierge service, cots and a Jacuzzi on site. It's set a 10-minute walk from the city centre and costs 108US$ per night. Check other popular places: Hostal Delfina, Hostal Las Fuentes (Adults Only) and Hostal Palacio Luna.
What are the top budget hotels in Chamberi district?
Choose your perfect budget property among 5 hotels on christineinspain.net. We recommend Hostal Artico with concierge service and 24-hour security service on site. This cheap property is set 1.2 km from Conde Duque Cultural Center and costs 85US$ per night.
What are the most popular Madrid affordable hotels?
If you're searching for a budget venue, christineinspain.net offers 76 options to choose from. Consider booking Hotel Puerta De Toledo with rating 7.6/10, where prices start from 43US$ per night. This 3-star deal provides free shuttle service, cots and a video projector, as well as modern and elegant rooms. Alternatively, you may check Compostela Suites rated 7.4/10, the 3-star accommodation featuring a laundry room, concierge service and shuttle service. It also has spacious and functional rooms equipped with lounge area, a dining area and a flat-screen television. Other affordable accommodations include Nh Sur, Porcel Ganivet and B&B Hotel Centro Puerta Del Sol.
What are the top cheap hotels in Madrid not far from Prado National Museum?
If you wish to stay not far from this tourist destination, on christineinspain.net you can easily book one of 16 budget accommodations. We recommend Hotel Mayerling rated 8.4/10 at the cost of 105US$ per night. It offers concierge service, cots and continental, as well as shuttle service, housekeeping service and 24 hour front desk assistance on site. Another recommended option is Asturias rated 6.4/10 with medical service, a business centre and a laundry room. It costs 90US$ per night. Other perfect deals include El Pasaje, Hostal Cervantes and Hola Rooms.
What are the best cheap 5-star hotels in Madrid?
Christineinspain.net recommends more than 39 5-star options to stay in Madrid. We recommend Hotel Unico, Small Luxury Hotels rated 8.6/10 with an indoor swimming pool, medical service and concierge service on site. Customers can book a room at the cost of 470US$ per night. Alternatively, you may like Hotel Villa Real rated 8.0/10 with free shuttle service, newspaper service and a business centre. It's set a 5-minute walk from the city centre and costs 184US$ per night. Check other suitable places: Rosewood Villa Magna, Hotel Palacio Del Retiro, Autograph Collection and Eurostars Suites Mirasierra.

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