The Best Budget Hotels in Madrid
As far as European cities go, Madrid is undeniably cheap. Beers cost about €2, a metro ride will run you €1.50, and a solid soup-to-nuts dinner will set you back just €30-ish per person. So, it's no surprise that there are plenty of bargains to be found in the hotel sector. From designer hostels to homey posadas to budget hotels, these are our top picks for economical accommodations in the Spanish capital. These are the cheapest hotels in Madrid.
Posada del León de Oro
Why it made the list
As Madrid becomes more and more overrun with personality-less corporate hotels, it’s crucial to keep patronizing independently owned properties like Posada del León de Oro—not only because they’re an endangered species, but because they also offer guests a far more intimate and genuine sense of place. Though Posada del León has its pitfalls, particularly in the design department, it wins us over with its countrified charm and quality food and wine (400 by-the-glass pours!).
Mayerling Hotel
Why it made the list
Inviting, central, and (under-€100-a-night) affordable, Hotel Mayerling offers one of the city's best values in accommodations. Though you won't be in the lap of luxury here, the modern, well-appointed rooms are perfectly comfortable for travelers who plan on spending most of their time out and about. The 24-hour snack bar, well-priced breakfasts, and faultless soundproofing make this hotel one of our top picks in the budget category.
Urban Sea Atocha 113
Why it made the list
A metropolitan outpost of the Blue Sea resort chain, Urban Sea Atocha 113 is a no-frills 36-room hotel just north of the city's main railway station. Interiors are clean, compact, and cozy, and there’s a rooftop terrace with gorgeous views—a rarity at this price point. Surrounded by minimalist, all-white décor, it’s easy to forget you’re in a charming turn-of-the-century building—though the hotel’s creaky spiral staircase is a pleasant reminder.
Hotel Abalú
Why it made the list
Laid-back travelers looking to get immersed in Madrid’s alternative Malasaña-neighborhood scene can’t go wrong by booking at Abalú. It’s a funky hotel in a funky district, and rooms offer great value, particularly in the higher-end categories. Though the décor may be over the top for some, it mirrors the hotel’s youthful, lighthearted atmosphere.
Hostal Adriano
Why it made the list
Hostels get a bad name in Madrid, since many play host to rambunctious study-abroad students and backpackers, but Hostal Adriano is different: It's clean, quiet, and cozy and includes amenities that many entry-level hotels don't offer. Situated within minutes from Puerta del Sol and the Plaza Mayor, Hostal Adriano allows you to be close to all of Madrid's best sites on a shoestring budget.
Sleep’n Atocha
Why it made the list
Sleep’n Atocha, located across from the eponymous train station, is chic but not too fancy, young but not too rowdy, and affordable but not too bare-bones. Families, solo travelers, and couples will all feel at home at this value hotel—though you won’t likely be spending much time inside with so many of Madrid’s top attractions at your fingertips.
Room Mate Alicia
Why it made the list
If you're an art lover on a budget, Room Mate Alicia offers great bang for your buck. Its proximity to Madrid's "Golden Triangle" of museums and key historic sites, such as the Plaza Mayor and Puerta del Sol, means you won't waste time sitting on the metro or hailing taxis. Varied rooms appeal to all types of travelers: Families will feel at home in the duplex suite, and revelers will find no shortage of hopping nightlife venues.
The Hat
Why it made the list
The Hat epitomizes the fast-growing category of "designer hostels:" affordable properties geared toward the millennial set that boast sleek multi-person rooms, bumping weekend events, and unexpectedly generous breakfasts. Though you can find cheaper beds in the city, The Hat remains a steal considering its location—steps from the Plaza Mayor—and chic rooftop bar, which attracts a regular local crowd on the weekends. Note to female travelers: "Chicas"-only dormitories are available.
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