Traveling to Europe is a must for any traveler who wants to experience it all. One country that has a unique identity is Spain. Spain is a bit different from the others and really stands out on its own.
Along with great business opportunities, there is a bustling tourism scene in this country. If you decide to travel here, there are a couple of cities that are a must-visit. The top of which is Madrid. Madrid is the capital and cultural epicenter of Spain.
One aspect of tourism in this region is the high price tag. Things can get expensive quickly when trying to experience things in this area. So, you may need to pick a certain aspect or two to cut down on in terms of price.
So, here are the three best cheap hotels in Madrid!
Hotel Nuevo
Not many budget hotels can be considered elegant or fancy, but the Hotel Nuevo definitely can. The modern decor and very nice rooms add some really good value to the price tag. From the moment you enter the lobby, you realize it does not feel like some cheap hotel. This is a nice perk as not many options that save you money have this feel.
The rooms also add great value. For the lowest prices possible, you can go with a single or double room. This is for those who want to save the most money and do not need a lot of extra space. If you are traveling with more people or just want some more room, there is a junior suite and executive double that can be a great upgradable option.
It is also worth mentioning that the physical location is pretty good. Although you are a few miles away from the biggest attractions, a short taxi ride will get you close to the action without too much work. One perk is that the metro station is half a mile away. So, you can walk to the station and be connected with the rest of the city with ease.
Hotel details
Address:
Bausá, 27, Ciudad Lineal, 28033 Madrid, Spain.
Guest rating:
4.2 out of 5
Price per night:
From $60
B&B Hotel Madrid Centro Fuencarral
Another steady, clean location within Madrid is the B&B Hotel Madrid Centro Fuencarral. The physical location is better than Hotel Nuevo as you can walk to a number of top spots with ease. The Museo de Historia de Madrid, Puerta del Sol, Gran Via, and so much more are all within a mile of your room. So, if you are okay with some light walking, you can access some really cool spots. Plus, you are surrounded by delicious cafes and restaurants. So, you can get a really good sense of Spanish cuisine without going far at all.
A cool aspect of the hotel itself is the rooftop terrace that provides the perfect location for relaxation. If you need to take a break and just want to enjoy the weather, this is the place for you.
The rooms are very basic and there are only two upgrade options if you have a little more room in the budget. There is the superior double room and the premium double room. The only things that change is the size of the bed and the size of the room. If you would like some extra room, these are the options for you.
Hotel details
Address:
Fuencarral, 52, Madrid City Center, 28004 Madrid, Spain.
Guest rating:
4.5 out of 5
Price per night:
From $65
Ibis Madrid Centro
This hotel is all about the location. The Ibis Madrid Centro is in the heart of the Malasana District, which is home to some really cool spots. Some of those locations include the Luchana Theatre, Temple of Debod, and Puerta del Sol. If you want to branch out, the Bilbao Station Metro Station is only a few hundred feet from your location. Although you will need to arrange transportation from the airport, you will be within walking distance of a ton of great spots.
There are also some nice amenities that come along with the stay. There is a cafe on-site, so getting coffee could not be easier. Plus, there is also a small bar and breakfast area. However, you are near so many great restaurants that branching out could not be easier.
The rooms are as simple as they come, which is good for a budget hotel. There is a standard room and a double room. If you need a touch more space, you can opt for the family room. Either way, the Ibis Madrid Centro has the rooms you need when you are not looking to spend too much cash.
Hotel details
Address:
Manuela Malasaña, 6, Madrid City Center, 28004 Madrid, Spain.
Guest rating:
4.4 out of 5
Price per night:
From $77
About our budget hotel recommendations in Madrid
We are a travel research company. Our team helps you discover the best cheap hotels in Madrid by researching the internet for you. We have also visited some of these places. Hence, it’s not just our opinion, it’s the opinion of thousands of travelers who have been there before you. We make it easy for you to find out about the best budget hotels in the city.
Please note, we only list hotels that have an aggregated guest review rating of at least 4.0 out of 5. We aggregate all reviews from different booking sites and other unbiased review websites. Any hotel listed here should have a price of $100 or less per night. Hence, you can be certain all hotels listed above offer you a great and affordable stay in Madrid.
Lowest price guarantee
We collaborate with Hotels.com and Booking.com. These booking sites guarantee the lowest prices, ensuring you always get the best deals for the hotels mentioned above.
If you find a better rate elsewhere, simply contact the booking website. They’ll promptly refund the difference. You can match prices up until the day before your check-in date.
Other smart ways to cut hotel costs
Check out these ideas to help you save money when booking your next hotel stay:
- Pick your spot carefully: staying downtown cuts travel costs, while suburban hotels are often cheaper but require spending on city transport
- Use our hotel rate tracker: we monitor your hotel’s price and alert you to rate drops, potentially saving you big bucks
- Visit in slow seasons: travel outside busy times if possible
- Grab a refundable room early: if you see a good price, book it; best rates often come 3 to 6 weeks ahead
- Look for last-minute bargains
- Review all booking fees: are taxes and extra charges included?
- Sign up for hotel rewards: most big chains now offer loyalty perks and discounts
- Think about which days: Sunday nights tend to be cheapest for hotel rooms
- Look at hostel private rooms: cheaper than hotels with similar comforts
- Break up your stay: book a budget spot first, then end your trip at a fancier place
- Pack your own breakfast
Get more advice in our guide on cutting hotel booking costs. It’s packed with tips on the best booking times, useful tools, and other tricks to find your ideal hotel without breaking the bank.
Top 3 budget hotels in Madrid
Let’s summarize this affordable travel guide. Based on thousands of guest reviews, these are the best budget hotels in Madrid:
More Madrid guides
Get to know the city even better by reading our other articles about Madrid: