Dorm Bed: EUR15.98
This hostel is conveniently located in the Tirso de Molina neighborhood, so it's very close to the center of the city. There are also some great markets nearby and plenty of museums.
If you've come to Madrid to party, then this hostel has plenty of activities for you. There are regular pub crawls, Flamenco shows, and tapas tours, as well as a walking tour of the city. Every Saturday night there's a tango dance celebration which is free to all guests of the hostel.
The hostel also organizes day trips to a variety of nearby locations including Toledo, Segovia, El Escorial & Aranjuez. This is a very active hostel with no shortage of activities or guests looking to make new friends.
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