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Top Madrid Cheap Hotels

Hotel Atlantico Madrid
4 out of 5
Gran Via 38, Madrid, Madrid
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4.7/5Exceptional! (6,828 reviews)
Highly Recommended

"We stayed at the Atlantico during a difficult time in Madrid, just before and during the city shut-down due to COVID-19. The hotel was exceptionally clean and our room was lovely with all the required amenities. There were two large windows that we were able to open so that we could enjoy the fresh ..."…"

Reviewed on Mar 20, 2020

Hotel Atlantico Madrid
Axor Barajas
4 out of 5
Calle campezo 4, Madrid, Madrid
Free CancellationReserve now, pay when you stay
The price is $79 per night
4.5/5Wonderful! (997 reviews)

"Very chilled and modern venue. Superb service from barman - great asset!"…"

Reviewed on Mar 8, 2020

Axor Barajas
Hotel Nuevo Boston
4 out of 5
Avenida de Aragon 332, Madrid, Madrid
Free Cancellation
The price is $58 per night
4.4/5Excellent! (1,154 reviews)

"Decent pool and lounge area for the price. Installations are starting to look unkept in several areas."…"

Reviewed on Jun 29, 2020

Hotel Nuevo Boston
Axor Feria
4 out of 5
Calle Campezo 4, Madrid, Madrid
Free CancellationReserve now, pay when you stay
The price is $79 per night
4.3/5Excellent! (996 reviews)

"The staff was really awesome, especially Orlando. The view is incredible. The location is perfect. The room was clean and fresh looking"…"

Reviewed on Mar 15, 2020

Axor Feria
Hotel ibis Madrid Aeropuerto Barajas
2 out of 5
Avenida General, 49, Madrid, Madrid
Free CancellationReserve now, pay when you stay
The price is $68 per night
4.3/5Excellent! (1,076 reviews)

"Good for overnight stay for early morning flight. Free shuttle was great. Due to coronavirus situation the restaurant was closed, but I appreciated the fact that they prepared hot food to to take back to your room."…"

Reviewed on Mar 20, 2020

Hotel ibis Madrid Aeropuerto Barajas
Hostal Rias Bajas
2 out of 5
San Bernardo 35, Madrid, Madrid
The price is $36 per night
4.2/5Excellent! (199 reviews)

"Near the Metro and Gran Via. The central heater is too hot during spring, there’s no remote control for AC. But all in all is pleasing for it’s price."…"

Reviewed on Mar 15, 2020

Hostal Rias Bajas
Hotel Principe Pio
3 out of 5
Cuesta San Vicente 14, Madrid, Madrid
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4.2/5Excellent! (995 reviews)
Very nice, however...

"Everything was great. Location was very convenient. Check in was smooth. The only thing that made us feel a bit uneasy was that we found someone else’s belongings in a cabinet which made us think about how thorough our room was cleaned before we got there. Unfortunately we only discovered these belongings ..."…"

Reviewed on Mar 14, 2020

Hotel Principe Pio
TRYP Madrid Alameda Aeropuerto Hotel
4 out of 5
Av de Logrono, 100, Madrid, Madrid
Free CancellationReserve now, pay when you stay
The price is $64 per night
4.2/5Very Good! (998 reviews)
Comfortable and Convenient.

"This was a repeat stay at TRYP Alameda and we will be back when we return to Madrid. The hotel is super convenient to the airport and the shuttle to any terminal at Barrajas-Madrid is a god-send. The staff was multilingual and very helpful. The rooms are up-to-date with comfortable beds and ..."…"

Reviewed on Mar 17, 2020

TRYP Madrid Alameda Aeropuerto Hotel
C. H. Chelo
2.5 out of 5
Hortaleza 17, 3º Izquierda, Madrid, Madrid
The price is $33 per night
4.1/5Very Good! (197 reviews)
nice overall

"Clean accommodation, nice hosts."…"

Reviewed on Jan 22, 2020

C. H. Chelo
Hostal Montaloya
2 out of 5
Plaza Tirso de Molina, 20, Madrid, Madrid
Free CancellationReserve now, pay when you stay
The price is $46 per night
4.1/5Very Good! (298 reviews)
Very good quality for a 2 star hotel

"Great service and very clean. Definitely worth the value."…"

Reviewed on Mar 11, 2020

Hostal Montaloya
Hostal Viky
2 out of 5
Calle de Marte, 2, Madrid, Madrid
Free CancellationReserve now, pay when you stay
The price is $56 per night
4/5Very Good! (473 reviews)
Escape from Madrid

"Got a room just before hotels had to shut down. Very glad they were there. Only stayed one night before flying to Canada on one of the last flights out."…"

Reviewed on Mar 27, 2020

Hostal Viky
Hostal Comercial
1 out of 5
Calle de Esparteros, 12, Madrid, Madrid
Free CancellationReserve now, pay when you stay
The price is $46 per night
4/5Very Good! (308 reviews)

"good service, great location, small room. Value for money !!!"…"

Reviewed on Feb 22, 2020

Hostal Comercial
Hotel Barajas Plaza Madrid
1 out of 5
C/ Camarillas 5-7, Madrid, Madrid
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3.9/5Very Good! (332 reviews)

"The only complaint was Wifi access which was practically useless due to extremely slow response"…"

Reviewed on Mar 22, 2020

Hotel Barajas Plaza Madrid
Travelodge Madrid Alcalá
1 out of 5
Calle Santa Leonor 34, Madrid, Madrid
Free CancellationReserve now, pay when you stay
The price is $41 per night
3.9/5Good! (921 reviews)
Bel hôtel

"Propre, tranquille et coquet."…"

Reviewed on Mar 20, 2020

Travelodge Madrid Alcalá
Compostela Suites Apartments
3 out of 5
C/ Zambrana, 4, Madrid, Madrid
Free CancellationReserve now, pay when you stay
The price is $67 per night
3.9/5Good! (1,010 reviews)

"It's a very beautiful place, but our apartment doesn't have any kitchen supply, even a coffee maker!!! I'm very disappointed with this because due the situation the cafeteria were close, so we can't get anything to eat or drink but the vending machines."…"

Reviewed on Mar 17, 2020

Compostela Suites Apartments
Hotel Don Luis
3 out of 5
Avenida General 12, Madrid, Madrid
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3.8/5Good! (977 reviews)

"The location is good. Just one Metro station from the airport."…"

Reviewed on Mar 10, 2020

Hotel Don Luis
Apartamentos Good Stay Prado
3 out of 5
Calle San Pedro 13, Madrid, Madrid
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3.8/5Good! (60 reviews)
Small but functional.

"Staff was helpful. I had trouble reaching them directly by email or phone. Location ok. Had trouble finding the place because the sign is small. the room was functional. The beds were super hard."…"

Reviewed on Sep 12, 2017

Apartamentos Good Stay Prado
Puerta del Sol Rooms
1 out of 5
Plaza Puerta del Sol 14-4, Madrid, Madrid
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3.7/5Good! (966 reviews)

"Perfectly situated . Walking distance to the park , royal palace and many more places to see . Hostel Right in front of the entrance to the train station"…"

Reviewed on Mar 10, 2020

Puerta del Sol Rooms
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Cheap Hotels in Madrid

Madrid offers a variety of cheap accommodations and places to visit, making it a budget-friendly vacation choice. In addition to its well-known attractions like Plaza Mayor and Prado Museum, this destination is home to El Retiro Park and Garden of Prince Anglona, which you can enjoy while spending very little.

If you're searching for places to stay in Madrid that won't break the bank, you can take your pick of the area's 332 budget accommodations. These options offer competitive rates and have earned good reviews from travelers searching for a bargain:

Puerta del Sol Rooms - 1-star hostal. You'll find free breakfast, free WiFi, and a bar at this property. Guests who stay here appreciate its proximity to public transportation and overall value.

C. H. Chelo - 2.5-star pension. It offers free WiFi and air conditioning.

Hotel Nuevo Boston - At this hotel, you can take advantage of free WiFi, an outdoor pool, and a restaurant. Reviews mention the proximity to public transportation and comfortable rooms.

Room007 Chueca Hostel - Customers like this 2-star hostel for its overall value and clean rooms. It offers free WiFi, a restaurant, and a bar.

Planning Your Trip to Madrid

Still deciding on travel dates? Use these temperature and rainfall averages to get an idea of the best months to visit so you can make the most of your time.

  • Hottest months: July, August, June, and September, with an average temperature of 87°F
  • Coldest months: January, February, December, and November, with an average temperature of 35°F
  • Rainiest months: August, June, May, and April, with an average rainfall of 0.13 inches
  • Driest months: January, February, October, and November, with an average rainfall of 0.06 inches

Sightseeing In and Around Madrid

Madrid attracts visitors with its top museums and theater scene, and offers plenty to see and do without spending a fortune. You can budget for the top local attractions on your list, such as Plaza Mayor and Prado Museum, and then make time for other wallet-friendly activities. Explore and snap photos of landmarks like Royal Palace and Almudena Cathedral, or hunt for bargains with some shopping at El Rastro.

Madrid is also notable for its:
  • Monuments
  • Art
  • Architecture
  • Shopping
  • Cafés
  • Historical sites
  • Entertainment

Getting Around Madrid

The closest airport is in Madrid (MAD-Adolfo Suarez Madrid-Barajas), situated 7.9 mi (12.8 km) away from the city center. Nearby metro stations include Sol Station, Gran Via Station, and Callao Station. If you'd like to explore more of the area, hop aboard a train from Madrid Recoletos Station, Madrid Principe Pio Station, or Madrid Atocha Station.

Frequently asked questions

What is Madrid like for travelers on a budget?
Madrid has a variety of cheap accommodations and places to visit, making it a great getaway spot for budget travelers. In addition to its well-known attractions like Santiago Bernabeu Stadium and Puerta del Sol, this destination is home to El Retiro Park and Madrid Rio, which you can enjoy while spending very little.
What's the best budget-friendly hotel in Madrid?
Based on reviews, Hostal Rias Bajas is a popular 2-star property for our travelers looking for an economical choice, and features free WiFi and air conditioning. Other options to stay on the cheap include Hotel Principe Pio and Axor Feria.
How many inexpensive hotels should I expect to find in Madrid?
Choose a hotel that suits your wallet among Expedia’s 330 budget hotels in Madrid.
What's the seasonal weather like in Madrid?
The hottest months are usually July and August with an average temp of 72°F, while the coldest months are January and February with an average of 44°F. Average annual rainfall for Madrid is 30 inches.
What is there to see and do in Madrid?
Madrid attracts visitors with its top museums and theater scene, and offers plenty to see and do without spending a fortune. You can budget for the popular local attractions that are highest on your list, such as Puerta del Sol and Plaza Mayor, and choose other low-cost activities to fill your itinerary. Head to Gran Via Street and Principe Pio for some bargain shopping, or hunt for deals at Mercado de San Miguel.
What's the best way to get around Madrid?
The closest airport is Adolfo Suarez Madrid-Barajas Airport (MAD), situated 7.9 mi (12.8 km) away. Nearby metro stations include Sol Station, Gran Via Station, and Callao Station.

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