Dorm Bed: $21.01
Cañizares 6 28012 ,
With a bit of a party reputation, this hostel is also found in the Museum Triangle and is a great starting point for many different walking tours of the city. You can easily reach many different restaurants, shops, theaters, clubs, monuments, and churches. The hostel itself has a variety of rooms that each have all of the amenities that budget travelers would want. The building has air conditioning and safety deposit boxes.
The convenient location and comfortable setting make this a perfect base for exploring all that Madrid has to offer. It's conveniently close so you can access many different things simply by walking.
And in the evenings, the bar area becomes a popular spot for guests to have fun, kick back, and get to know one another.