The Top 8 Budget Hotels in Madrid

Madrid has some great budget hotels |© davidlee770924/Pixabay
Madrid has some great budget hotels |© davidlee770924/Pixabay
Photo of Jessica Jones
21 June 2018

Madrid is a fantastic city, whether for a weekend break with friends or a longer stay exploring the city’s legendary history, art and nightlife. Best of all, your trip doesn’t have to be expensive. There are ample accommodation options that are easy on the wallet but don’t scrimp on location or comfort. Here are some of the best.

Room Mate Alicia

Boutique Hotel, Budget Hotel
Map View

This hotel, part of a chain in which each hotel matches a different kind of traveller personality, is located in the heart of Madrid, on the beautiful Plaza Santa Ana. It is in the Las Letras neighbourhood, Madrid’s literary quarter, home to some of the capital’s best restaurants and bars. The hotel’s 34 rooms and suites are modern and bright and include designer touches. The hotel’s incredible suites include a terrace with its own plunge pool.

Everything you need to know

Praktik Metropol

Budget Hotel, Boutique Hotel
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Suite | © Expedia

This stylish hotel right on Madrid’s bustling Gran Vía describes itself as having ‘vintage style with Scandinavian touches’. The decor is simple but hip and the rooms are comfortable. You can choose between interior rooms, facing onto a central courtyard, which tend to be quieter, or exterior rooms, which look out over Madrid.

Urban Sea Atocha

Budget Hotel
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Double Room | © Expedia

Located close to Madrid’s main Atocha train station and the Golden Triangle of the city’s three major art galleries, Urban Sea is a great location from which to explore Madrid. Its 36 rooms are simple and modern, with white walls and wooden floors. With doubles from €44 a night, they’re a great bargain. Don’t miss the hotel’s roof terrace, which has incredible views over Madrid.

Sleep’N Atocha

Budget Hotel
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Standard Double Room | © Expedia

This budget hotel might be cheap, but it doesn’t scrimp on style. The Nordic-inspired rooms are light and airy and feature en-suite bathrooms, free wifi, TVs and bluetooth speakers. Downstairs, there is a bar and mini-market, where you can stock up on essentials. This is a great option for those who are looking for more privacy than you can get in a hostel, but a similar, friendly atmosphere.

Artrip Hotel

Budget Hotel
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Artrip, and its location, is perfect for art lovers | Courtesy of Artrip / Hotels.com

One of the few hotels in Madrid’s hip, diverse Lavapiés neighbourhood, where cool bars and restaurants abound, Artrip is an easy walk to the centre of Madrid and close to its main art galleries. Local artists showcase their work in the reception area, while the rooms are light and airy, and come with en-suite bathroom and free wifi.

Everything you need to know

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  • Hotel One Shot Prado 23

    Budget Hotel
    Map View

    Photography and art are the themes running through this design hotel, part of a hip Spanish chain with other locations in Valencia and Seville. Rooms are modern and stylish and come with all the expected comforts: TV, en-suite bathroom and free wifi. It is located in Barrio de Las Letras, Madrid’s literary quarter, which is full of quirky bars and restaurants.

    Everything you need to know

    Suites Viena

    Budget Hotel
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    Standard Room | © Expedia

    Suites Viena offers serviced apartments in central Madrid, close to Plaza de España and Gran Via. They are ideal if you are looking for somewhere with kitchen facilities, as all rooms come complete with kitchenette as well as free wifi and a work area.

    Hostal Oriente

    Budget Hotel
    Map View
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    Standard Double Room | © Expedia

    Hostal Oriente is more a pension or guesthouse than a hostel, which means rooms are private and come with a small bathroom. Located next to Madrid’s Opera House, the location is fantastic. Rooms are simple and clean, and include free wifi.