Madrid Cheap Hotels

Are you in a hurry?

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

(1657 Reviews)

From 93$
Sterling Hotel

8.0 / 10

(1272 Reviews)

From 84$
Hotel Mediodia

8.5 / 10

(7700 Reviews)

From 79$
Aparthotel Encasa

8.4 / 10

(1724 Reviews)

From 68$
Hostal Madrid Centro

7.9 / 10

(245 Reviews)

From 64$

There are many different reasons why people might choose to stay in a cheap hotel when travelling to Madrid. Perhaps they are on a budget and don't want to spend a lot of money on their accommodation. Maybe they are looking for a more authentic experience and want to get to know the city by living like a local. Or it could simply be that they don't need all the extra amenities and facilities that come with more expensive hotels.

Whichever reason someone might have for wanting to stay in a cheap hotel, there are plenty of great options available in Madrid. In fact, there are so many different choices that it can be hard to know where to start. So, to help make the decision a little bit easier, here is a list of some of the best cheap hotels in Madrid.

1. Hotel Zurbarán

This hotel is a great choice for budget-conscious travellers. It is located in the centre of the city, and offers a range of rooms at different prices. There is also a shared kitchenette which guests can use, and free Wi-Fi is available throughout the property.

2. Hotel Alameda

This hotel is another great choice for those looking for accommodation that is both affordable and central. It is located close to the Puerta del Sol, and has a range of different room types to choose from. It also has a bar and a terrace where guests can relax after a day of sightseeing.

3. Hotel Opera

This hotel is perfect for those who want to be close to all the action. It is situated just a few minutes' walk from the Plaza Mayor and the Royal Palace, and offers rooms at a very affordable price. It also has a rooftop terrace where guests can enjoy panoramic views of Madrid.

4. Hotel Florida

This hotel is a great choice for those who want to be close to the airport. It is located just a few minutes' drive from Madrid-Barajas Airport, and offers rooms from as little as €30 per night. It also has a restaurant, a bar, and a garden where guests can relax.

Madrid Accommodation lists:

Good Cheap hotels in Madrid

Table of contents

Hostal Silserranos Sterling Hotel Hotel Mediodia Aparthotel Encasa Best Cheap Hotels In Madrid Hostal Madrid Centro Oriente Palace Apartments Urban Sea Hotel Atocha 113 Cheap Hotels In Downtown Madrid Woohoo Suites Madrid Hrc Hotel Hotel Don Luis

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8.7
Excellent
1657 Reviews

Hostal Silserranos

📍 Fuencarral, 95

From 93$

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
Very good
1272 Reviews

Sterling Hotel

📍 San Bernardo, 29-31

From 84$

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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8.5
Very good
7700 Reviews

Hotel Mediodia

📍 Plaza Del Emperador Carlos V 8

From 79$

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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Best Cheap Hotels In Madrid

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8.4
Very good
1724 Reviews

Aparthotel Encasa

📍 Carr. De Vicalvaro A La Estacion De O Donnell, 18, Local 1, 28032 Madrid, Spain

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
2669 Reviews

Oriente Palace Apartments

📍 Calle Lepanto 6

From 156$

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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Cheap Hotels In Downtown Madrid

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7.9
Very good
1741 Reviews

Urban Sea Hotel Atocha 113

📍 Atocha, 113

From 115$

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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8.5
Very good
1386 Reviews

Woohoo Suites Madrid

📍 Calle De Concepcion Arenal 6 1

From 162$

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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7.6
Very good
601 Reviews

Hrc Hotel

📍 Del Angel, 18

From 127$

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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Cheap Hotels In Madrid With Balcony

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7.5
Very good
4071 Reviews

Hotel Don Luis

📍 Avenida General 12, Madrid, Es

From 87$

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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6.8
Good
780 Reviews

Hostal Noviciado

📍 San Bernardo 55

From 56$

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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7.6
Very good
1349 Reviews

Hostal America

📍 C/ Hortaleza 19

From 115$

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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Cheap Hotels In Madrid With Free Parking

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8.7
Excellent
2367 Reviews

Hotel Puerta De Toledo

📍 Glorieta Puerta De Toledo, 4

From 93$

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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8.2
Very good
1117 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
3646 Reviews

Hostal Central Palace Madrid

📍 Plaza Oriente 2

From 76$

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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7.7
Very good
1485 Reviews

Hostal Manuela By Gaiarooms

📍 15 4 B Gran Via

From 122$

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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7.4
Good
1828 Reviews

Hostal Palacios Fuencarral

📍 Fuencarral, 25 , 1 Derecha

From 75$

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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8.4
Very good
1495 Reviews

Exe Suites 33

📍 Leganitos 33

From 168$

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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8.6
Excellent
584 Reviews

Hostal Santa Isabel

📍 Santa Isabel, 15, 4º

From 82$

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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8.5
Very good
2179 Reviews

Hostal Alfaro

📍 Ventura De La Vega, 16

From 100$

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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8.1
Very good
6088 Reviews

Ibis Madrid Aeropuerto Barajas Hotel

📍 49 Avenida General

From 84$

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
1698 Reviews

Hostal Oriente

📍 Arenal, 23, Madrid, Es

From 99$

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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8.5
Very good
1450 Reviews

Hostal Rias Bajas

📍 San Bernardo 35

From 65$

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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6.6
Good
3510 Reviews

Boutique Urban Madrid Serrano

📍 Diego De Leon, 10

From 94$

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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6.8
Good
754 Reviews

Stylish City Apartamentos

📍 Luis Cabrera 37

From 78$

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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8.5
Very good
972 Reviews

Hostal San Martin

📍 Concepcion Arenal, 4, 4º

From 41$

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.

Location