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The Best Cheap Hotels in Madrid

Budget-Friendly and Affordable Places to Stay in Madrid

Madrid Madrid

Does Madrid have cheap hotel rooms? Yes, it does. Madrid, Spain is an active destination filled with fun activities and sites. For travelers on a budget, finding an affordable place to stay is often a priority. So, if you're looking for where to stay in Madrid on a budget, don't worry, as we have analyzed the best hotel deals in the area based on price, amenities, guest ratings, location, and nearby activities to find the best values. There are plenty of cheap stays available in the area that offer comfortable and relaxing accommodations at low prices, and many of these hotels have great features, too. From budget-friendly motels to hotels with a variety of amenities, there is something for everyone. So, how do you find cheap rooms in Madrid? When searching for the best low-cost hotels, travelers should look for good options that offer a balance of price and comfort, with plenty of opportunities for relaxation. And that's exactly what you'll find with our suggestions below. Some of the best bargain and budget-friendly hotels in Madrid also feature pools and other terrific amenities, providing guests with a great place to relax after a long day of exploring the area. Whether you're traveling solo or with a group, there are plenty of cheap places to stay available that will meet your needs and offer a price range that won't break the bank. With our researched guide below, you can find the best affordable hotels in Madrid, ensuring a comfortable and enjoyable stay at an unbeatable price. So, let's get to it: here's where to sleep cheap in Madrid.

The many hostels around town make it easy for backpackers to find affordable accommodation while also meeting other travelers.

(Prices are listed in U.S. Dollars.)

Room007 Chueca Hostel

Hostel with prices starting at $12 (before taxes) - See All Prices
One of the Best Inexpensive Hotels in Madrid
  • Great Value: the price is lower than average for 2-star hotels.
  • Family-Friendly
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Located at Hortaleza 74, Room007 Chueca Hostel has great rooms from $12 (before taxes). It offers a restaurant, a bar, parking, city views, and bicycle rental. It has a terrific 8.60 rating out of 10 from previous guests who have stayed here. Only 0.8 km from the city center, budget travelers will especially love family rooms, a tour desk, a multi-lingual staff, air-conditioning, and a coffee shop at this affordable hotel. The service at the restaurant is terrific, and so is the food. The price of this hotel is less than average for budget hotels, which makes it a great value.

Budget Hotel Amenities
  • Parking
  • Budget
More Great Amenities
  • Restaurant
  • Bar/Lounge
  • Bicycle rental
  • Family rooms
  • Air-conditioned
  • Family-Friendly
View Prices and Reviews


Room007 Ventura Hostel

Hostel with prices starting at $14 (before taxes) - See All Prices
A Great Low Cost Hotel
  • Great Value: the price is lower than average for 2-star hotels.
  • Family-Friendly
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A great place to stay is Room007 Ventura Hostel which has nice rooms starting at $14. Offering a restaurant, a bar, free parking, evening entertainment, and bicycle rental, it also has a great guest rating of 8.60 out of 10 from many previous guests. It's located at C/ Ventura de la Vega, 5. This relaxing hotel is also nice because it offers family rooms, a tour desk, a multi-lingual staff, air-conditioning, and a 24-hour desk which visitors will enjoy. Also, it's just 0.3 km from the city center. It's also less than the average price for budget hotels, so it's a great value.

Budget Hotel Amenities
  • Free parking
  • Budget
More Great Amenities
  • Restaurant
  • Bar/Lounge
  • Bicycle rental
  • Family rooms
  • Air-conditioned
  • Airport shuttle
  • Family-Friendly
View Prices and Reviews


Hotel Nuevo Madrid

4-star Hotel with prices starting at $43 (before taxes) - See All Prices
A Very Affordable Hotel
  • Great Value: the price is lower than average for 4-star hotels.
  • Family-Friendly
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We found Hotel Nuevo Madrid to be a great place to stay, and the price starts at $43. We loved that is has room service, a restaurant, a fitness center, a bar, and parking, and it also has a terrific guest rating of 8.30 out of 10 from previous guests. It's located at C/ Bausa 27. You'll also find child care, laundry services, city views, a hot tub, and a spa and wellness center which travelers will love. And this comfortable hotel is just 6.7 km from the center of town. We love relaxing in a hot tub after a long day, and the one here is really nice. It's a great value, too, because it's less than the average price for budget hotels.

Budget Hotel Amenities
  • Parking
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Laundry service
  • Hot tub
  • Air-conditioned
  • Family-Friendly
View Prices and Reviews


Vitium Urban Suites

3-star Hotel with prices starting at $46 (before taxes) - See All Prices
A Terrific Cheap Hotel
  • Great Value: the price is lower than average for 3-star hotels.
  • Family-Friendly
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With terrific rooms from $46, Vitium Urban Suites, at Gran Via 61 provides room service, a restaurant, parking, laundry services, and city views. Its terrific guest rating is 8.30 out of 10 from previous guests staying here. Budget travelers will really like this budget-friendly hotel which also offers a hot tub, car rentals, laundry facilities, bicycle rental, and a tour desk. It's located just 0.9 km from the city center, too. Nothing says relaxation like having room service delivered. It's a great value, as the price is less than the average for budget hotels.

Budget Hotel Amenities
  • Parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Laundry service
  • Hot tub
  • Bicycle rental
  • Air-conditioned
  • Airport shuttle
  • Family-Friendly
View Prices and Reviews


Axor Barajas

4-star Hotel with prices starting at $74 (before taxes) - See All Prices
A Nice Budget Stay
  • Great Value: the price is lower than average for 4-star hotels.
  • Family-Friendly
  • Outdoor pool
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Axor Barajas has a great guest rating of 8.60 out of 10, and offers an outdoor pool, room service, a restaurant, a fitness center, and a bar. The great rooms here start at $74 before taxes and depending on the season. It can be found at Calle Campezo 4. Furthermore, it also offers parking, child care, laundry services, golf, and pet-friendly rooms, which is nice for visitors. Just 10.8 km from the city center, this low-cost hotel is a terrific choice. Make sure to set aside some time for swimming in the pool, too. We found the price of this hotel to be a great value because the price is less than average for budget hotels.

Budget Hotel Amenities
  • Outdoor pool
  • Parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Laundry service
  • Pets allowed
  • Hot tub
  • Game room
  • Family rooms
  • Air-conditioned
  • Family-Friendly
View Prices and Reviews


Ilunion Atrium

4-star Hotel with prices starting at $50 (before taxes) - See All Prices
One of the Best Deals in Madrid
  • Great Value: the price is lower than average for 4-star hotels.
  • High Quality: guest ratings are higher than average.
  • Family-Friendly
  • Outdoor pool
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The great guest rating of Ilunion Atrium is 8.70 out of 10. This place has an outdoor pool, room service, a restaurant, a fitness center, and a bar. Prices for the terrific rooms are from $50, and it's located at C/ Emilio Vargas 3-5. We also love the parking, laundry services, pet-friendly rooms, car rentals, and laundry facilities which are great for travelers. And since it's just 5.3 km from the center of the town, the location is great, too. The price of this hotel is less than average for budget hotels, which makes it a great value.

Budget Hotel Amenities
  • Outdoor pool
  • Parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Laundry service
  • Pets allowed
  • Air-conditioned
  • Family-Friendly
View Prices and Reviews


Hotel Nuevo Boston

4-star Hotel with prices starting at $58 (before taxes) - See All Prices
A Fantastic Bargain in Madrid
  • Great Value: the price is lower than average for 4-star hotels.
  • Family-Friendly
  • Outdoor pool
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A cool place is Hotel Nuevo Boston because it has great rooms that start at $58. It has an outdoor pool, room service, a restaurant, a fitness center, and a bar, it also earned a great guest rating of 8.50 out of 10 from people who have stayed here before. It's found at Avda. De Aragón, 332. Only 11.2 km from the city center, budget travelers will especially love parking, a kid-friendly buffet, child care, laundry services, and car rentals at this affordable hotel. It's also less than the average price for budget hotels, so it's a great value.

Budget Hotel Amenities
  • Outdoor pool
  • Parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Kid-friendly buffet
  • Laundry service
  • Family rooms
  • Air-conditioned
  • Family-Friendly
View Prices and Reviews


Axor Feria

4-star Hotel with prices starting at $75 (before taxes) - See All Prices
Among the Best Values in Madrid
  • Great Value: the price is lower than average for 4-star hotels.
  • Family-Friendly
  • Outdoor pool
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Axor Feria offers an outdoor pool, room service, a restaurant, a fitness center, and parking which we really like. The terrific rooms here start at $75 (before taxes). It's located at Calle Campezo 4 and has earned a guest rating of 8.40/10. This relaxing hotel is also nice because it offers child care, laundry services, golf, pet-friendly rooms, and a hot tub which visitors will enjoy. Also, it's just 10.8 km from the city center. It's a great value, too, because it's less than the average price for budget hotels.

Budget Hotel Amenities
  • Outdoor pool
  • Parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Laundry service
  • Pets allowed
  • Hot tub
  • Game room
  • Family rooms
  • Air-conditioned
  • Family-Friendly
View Prices and Reviews


Ilunion Alcala Norte

4-star Hotel with prices starting at $49 (before taxes) - See All Prices
One of the Best Inexpensive Hotels in Madrid
  • Great Value: the price is lower than average for 4-star hotels.
  • Family-Friendly
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Located at Calle San Romualdo 30, Ilunion Alcala Norte has great rooms from $49 (before taxes). It offers room service, a restaurant, a fitness center, a bar, and parking. It has a terrific 8.60 rating out of 10 from previous guests who have stayed here. You'll also find laundry services, pet-friendly rooms, city views, car rentals, and laundry facilities which travelers will love. And this comfortable hotel is just 7.3 km from the center of town. It's a great value, as the price is less than the average for budget hotels.

Budget Hotel Amenities
  • Parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Laundry service
  • Pets allowed
  • Family rooms
  • Air-conditioned
  • Family-Friendly
View Prices and Reviews


Hostal San Lorenzo

3-star Hotel with prices starting at $40 (before taxes) - See All Prices
A Great Low Cost Hotel
  • Great Value: the price is lower than average for 3-star hotels.
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A great place to stay is Hostal San Lorenzo which has nice rooms starting at $40. Offering room service, a bar, parking, laundry services, and pet-friendly rooms, it also has a great guest rating of 8.10 out of 10 from many previous guests. It's located at Calle Clavel, 8. Budget travelers will really like this budget-friendly hotel which also offers laundry facilities, bicycle rental, family rooms, a tour desk, and a multi-lingual staff. It's located just 0.5 km from the city center, too. We found the price of this hotel to be a great value because the price is less than average for budget hotels.

Budget Hotel Amenities
  • Parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Bar/Lounge
  • Laundry service
  • Pets allowed
  • Bicycle rental
  • Family rooms
  • Air-conditioned
View Prices and Reviews


Also, take a look at the Budget hotels in nearby destinations: Toledo, Alcalá de Henares, and Chinchón.

For more terrific hotel ideas in Madrid, make sure you also see Best Family-Friendly Hotels in Madrid, Best Luxury Hotels in Madrid, Best Pet-Friendly Hotels in Madrid, Best Hotels for First Time Visitors in Madrid, Best Hotels for a Weekend Getaway in Madrid, Best Hotels for One Week in Madrid, Best Hotels for One Night in Madrid, Best Romantic Hotels for Couples in Madrid, Best Adults Only Hotels in Madrid, Best Party Hotels in Madrid, Best Business Hotels in Madrid, or Best Party Hotels in Madrid.


Is it expensive to spend the night in Madrid?

Madrid Average Budget Hotel Price
$98

Visitors will find a large range of terrific budget hotel choices when planning a visit to Madrid, Spain. The price of these budget hotels can vary according to location, type, and amenities. The average budget hotel price in Madrid, Spain based on data from 100 hotels is an affordable $98. If you're interested in more information about hotels here, see our guide to hotel prices in Madrid.

The average prices of our suggested budget hotels by star rating:

  • 5-star hotels: $311
  • 4-star hotels: $77
  • 3-star hotels: $73
  • 2-star hotels: $44


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