Best Budget Hotels in Madrid

Discover Madrid's top budget hotels from local favorites to hidden gems.

ByFun Around Me Team

2 min read

Madrid's budget hotels scene is thriving, offering an incredible variety of options for locals and visitors alike. From hidden gems tucked away in charming neighborhoods to popular hotspots that define the city's culture, Madrid has something for everyone. Whether you're a seasoned enthusiast or just discovering your passion for budget hotels, this guide will help you navigate the best budget hotels the city has to offer.

Key Takeaways

Madrid has 12+ budget hotels across the metro area
Best neighborhoods for budget hotels: downtown, historic district, and waterfront areas
Peak times vary by location - weekday mornings and weekend afternoons are typically busiest
Many spots offer unique local specialties you won't find elsewhere
Prices range from budget-friendly to premium, with options for every preference

Top Budget Hotels in Madrid

Here are the must-visit budget hotels that define Madrid's scene, from beloved classics to exciting newcomers.

1. The Hat Madrid

Madrid

Highly-rated budget hotels in Madrid. Rated 4.3/5 by visitors.

Highlights:

Rated 4.3/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

2. ibis budget Madrid Calle Alcalá

Madrid

Highly-rated budget hotels in Madrid. Rated 4/5 by visitors.

Highlights:

Rated 4/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

3. Plaza Mayor Suites & Apartments

Madrid

Highly-rated budget hotels in Madrid. Rated 4.6/5 by visitors.

Highlights:

Rated 4.6/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

4. ibis budget Madrid Centro Lavapies

Madrid

Highly-rated budget hotels in Madrid. Rated 4/5 by visitors.

Highlights:

Rated 4/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

5. Hostal Madrid

Madrid

Highly-rated budget hotels in Madrid. Rated 4.4/5 by visitors.

Highlights:

Rated 4.4/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

6. ibis budget Madrid Centro las Ventas

Madrid

Highly-rated budget hotels in Madrid. Rated 4/5 by visitors.

Highlights:

Rated 4/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

7. Hotel Mayerling Madrid - WEB OFICIAL

Madrid

Highly-rated budget hotels in Madrid. Rated 4.4/5 by visitors.

Highlights:

Rated 4.4/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

8. Hostal Main Street Madrid

Madrid

Highly-rated budget hotels in Madrid. Rated 4.5/5 by visitors.

Highlights:

Rated 4.5/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

9. ibis budget Madrid Calle 30

Madrid

Highly-rated budget hotels in Madrid. Rated 4.1/5 by visitors.

Highlights:

Rated 4.1/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

10. Rincón de Gran Vía

Madrid

Highly-rated budget hotels in Madrid. Rated 4.1/5 by visitors.

Highlights:

Rated 4.1/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

11. El Hostall

Madrid

Highly-rated budget hotels in Madrid. Rated 4.3/5 by visitors.

Highlights:

Rated 4.3/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

12. Petit Palace Tres Cruces

Madrid

Highly-rated budget hotels in Madrid. Rated 4.4/5 by visitors.

Highlights:

Rated 4.4/5 with 0 reviews
Moderate pricing
Popular budget hotels spot in Madrid

Practical Information

Best Time to Visit

The best time to visit budget hotels in Madrid varies by location. Weekday afternoons typically offer a more relaxed experience, while weekends bring a lively atmosphere. Consider visiting during off-peak hours for shorter wait times.

Average Price

Prices range from $10-50 depending on the location and offerings. Budget-friendly options are available, as well as premium experiences for special occasions.

Parking Tips

Street parking is available near most locations, though it can be limited during peak hours. Consider using public transportation or ride-sharing services in busy areas. Some establishments offer validated parking.

Frequently Asked Questions

Madrid offers many excellent budget hotels, each with its own unique character. The best choice depends on your preferences, but our guide highlights the top-rated options that consistently deliver quality experiences.

Timing varies by location, but generally weekday afternoons are less crowded. Weekends and evenings tend to be busier. We recommend checking individual locations for their peak hours and making reservations when possible.

Many budget hotels in Madrid welcome families, though some cater more to adults. Check individual listings for specific policies and atmospheres to find the best fit for your group.

Prices vary widely depending on the location and offerings. Budget-friendly options start around $10-20 per person, while premium experiences can range from $30-50+. Most spots fall in the moderate $15-30 range.

For popular spots, especially on weekends, reservations are highly recommended. Some locations operate on a first-come, first-served basis. Check with individual establishments for their policies.

Most locations offer street parking or nearby parking lots. In busy downtown areas, public transportation or ride-sharing services may be more convenient. Check individual listings for specific parking information.