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The 10 Best Budget Hotels in Madrid, Spain

Check out our selection of great budget hotels in Madrid

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Review Score

Awesome: 9+ Very Good: 8+ Good: 7+ Pleasant: 6+
Our Top Picks Lowest Price First Star rating and price Top Reviewed

SmartRental Collection Gran Via Centric

Madrid City Center, Madrid

Located in the centre of Madrid, in the heart of the Gran Via and opposite Callao Square, SmartRental Collection Gran Via Centric offers accommodation with free WiFi.

Accommodation is fitted with air conditioning, a fully equipped kitchen, a flat-screen TV and a private bathroom with shower and free toiletries. There is a seating and a dining area in all units. What an amazing stay! Central Modern Clean Comfortable Just a few meters from metro Super market across the road Heaps of shopping near by Super-friendly staff Incredible rooftop bar & restaurant I would definitely stay here again when I visit Madrid. Highly recommend

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9.4
Awesome
1,200 reviews

Hotel Riu Plaza España

Madrid City Center, Madrid

Set in Madrid, 700 metres from Royal Palace of Madrid, Hotel Riu Plaza España offers accommodation with a restaurant, private parking, a bar and a terrace. Among the facilities at this property are room service and a concierge service, along with free WiFi throughout the property. The hotel features an outdoor swimming pool, fitness centre, nightclub and a 24-hour front desk.

Guests at Hotel Riu Plaza España can enjoy a buffet or a gluten-free breakfast. Excellent hotel! Excellent staff! Excellent breakfast!

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9
Awesome
5,636 reviews

Soho Boutique Opera

Madrid City Center, Madrid

Set in the Centro district of Madrid, Soho Boutique Opera is less than 1 km from Gran Via. The property is close to several noted attractions, around a 20-minute walk from Museo del Prado and around 1.9 km from Royal Palace of Madrid Palacio Real. Free WiFi and a 24-hour front desk are offered. Very clean, polite staff, great location

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9
Awesome
1,545 reviews

Soho Boutique Congreso

Madrid City Center, Madrid

Ideally situated in Madrid, Soho Boutique Congreso features air-conditioned rooms with free WiFi and private parking. This 4-star hotel offers ticket service and luggage storage space. The accommodation offers a 24-hour front desk, a concierge service and organising tours for guests. So close to Sevilla metro Station , l usually have problems for sleep, but at Soho the surrounding area have no noise , the staff at front desk are wonderful so friendly and very helpful, WiFi is ok !

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9.1
Awesome
2,004 reviews

Hostel One Madrid

Madrid City Center, Madrid

Hostel One Madrid is set in the heart of Madrid, 700 metres from Calle Princesa. Around 1.3 km from Puerta del Sol, the property is also 1.3 km away from Plaza Mayor and offers free WiFi. The accommodation provides a 24-hour front desk. I have been to 50+ countries and beyond doubt, THIS IS THE BEST HOSTEL IN THE WORLD AMONGST THE ONES I HAVE STAYED IN. This hostel gives you free breakfast, free dinner and even free drinks if you go with them to some bars (I could not go barcrawling with them due to my schedule but others who went said, that it was indeed the case. They have a tie up with some bars) Laia the owner was kind and couteous to all. And the staff was amazing and they served with smiles on their faces. Fabio, Matias, Caroline, Chavez, all were simply superb in their service. My son had his 20th birthday and they all helped us celebrate that and this came AFTER we had checked out and while we waited for the night bus! We even had free dinner twice. They offered us early check in and to keep bags 12 hours after checkout. Even repaired my shoe! I mentioned we don't mind paying for dinner since we have already checked out! But these kind souls refused to accept payment. My son will have happy memories of his birthday, thanks to you guys! I will stay here again when I return to Madrid at the end of my tour!!

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9.3
Awesome
1,307 reviews

VP Plaza España Design

Madrid City Center, Madrid

Located in Gran Via, in Madrid city centre, VP Plaza España Design offers 5-star accommodation with parking, a wellness centre, and a seasonal pool.

All rooms in this stylish hotel offer an exclusive décor and are equipped with a flat-screen TV with satellite channels, free WiFi, and a desk with a coffee machine, and a private bathroom with shower and bath tub, including free high-end toiletries and bathrobe. Some rooms include a terrace. Our experience at this hotel was great! It was around 12 when we made the check-in and our rooms were ready, it doesn't happen very frequently. We received an upgrade for one of the rooms, so both of them could be on the same floor, in the 17th with a fantastic view. The rooms were really comfortable, clean and cozy. They had all kind of amenities, like speakers, sockets for every kind of devices(it doesn't matter where ever you come from), a minibar with free non-alcoholic beverages, just to name a few. I found really special the details left in the room every evening, I even found a cake to celebrate my birthday!! The breakfast buffet was wonderful, plenty of options for every taste. The location is very central, many of the top sights of the city are within walking distances. The staff is very friendly, the hotel is new and beautiful, they care every detail... I definitely will return.

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9.4
Awesome
1,955 reviews

Be Mate Plaza España

Moncloa-Aravaca, Madrid

Set in Madrid, 200 metres from Calle Princesa, Be Mate Plaza España offers self-catered accommodation with free WiFi and a 24-hours reception.

Each unit is fitted with a fully equipped kitchen with a dishwasher, a seating area with a sofa, a flat-screen TV, a washing machine, and a private bathroom with shower and a hairdryer. A microwave, a fridge and oven are also featured, as well as a kettle and a coffee machine. Some units have a terrace offering views of Parque del Oeste or Plaza España and the south of Madrid. Everything is new and so modern, excellent choice to be at!

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9.3
Awesome
1,004 reviews

Hyatt Centric Gran Via Madrid

Madrid City Center, Madrid

Hyatt Centric Gran Via Madrid is located in the heart of Madrid and features a 24-hour gym, a bar and on-site dining. Gran Via Metro Station is 150 metres away. Free WiFi is offered throughout the property. The staff are so sweet and helpful; The beds are heavenly comfortable; The Shower feels like a miracle... Well deserved full ratings.

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9.1
Awesome
1,607 reviews

2060 The Newton Hostel

Madrid City Center, Madrid

Situated in Madrid, 1.1 km from Mercado San Miguel, 2060 The Newton Hostel features air-conditioned accommodation and a shared lounge. Among the facilities at this property are a 24-hour front desk and a shared kitchen, along with free WiFi throughout the property. The hostel has family rooms. The staffs there are really nice, they even let us take a shower after we check out!

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9.1
Awesome
3,611 reviews

Hola Rooms

Madrid City Center, Madrid

Located in Madrid, 700 metres from Plaza Mayor, Hola Rooms provides air-conditioned rooms with free WiFi and a tour desk. The property is around 2.2 km from Reina Sofia Museum, 2.5 km from Thyssen-Bornemisza Museum and 2.6 km from The Prado Museum. The guest house features family rooms. Great location, great clean room, people were more than friendly and helpful! Great stay, would visit it again for sure, highly recommended!

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9.1
Awesome
1,243 reviews

Looking for a budget hotel?

For those trying to save, these fun, budget hotels still have lots to offer, from WiFi to convenient locations. Popular with backpackers, many properties are set in central areas and include comfortable rooms with private or shared bathrooms. You’ll also find loads of options that feature 24-hour front desks and luggage storage.

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