Madrid cheap hotels

3 Best Cheap Hotels In Madrid, Spain

Updated: March 26, 2024

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 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

Bausá, 27, Ciudad Lineal, 28033 Madrid, Spain.

Guest rating:
4.2 out of 5

Price per night:
From $60

More info


Fuencarral Hotel Madrid

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

Fuencarral, 52, Madrid City Center, 28004 Madrid, Spain.

Guest rating:
4.5 out of 5

Price per night:
From $65

More info


ibis Madrid Centro

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

Manuela Malasaña, 6, Madrid City Center, 28004 Madrid, Spain.

Guest rating:
4.4 out of 5

Price per night:
From $77

More info


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 partner with and Both booking websites offer the lowest price guarantee, so you can be certain you will always get the best deal for the hotels above. If you have seen a better price elsewhere, all you need to do is contact the booking website and they will refund you the difference immediately. You can price match right up until the day before check-in.

We also recommend you read our guide about how to save money on hotel bookings. It’s a list of tips about when you should book a hotel, what tools you can use, and other things you can do to find your preferred hotel at an affordable price.


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:

Best hotels in Madrid

Best boutique hotels in Madrid

Where to stay in Madrid

Best hostels in Madrid

Best luxury hotels in Madrid

Sustainable hotels in Madrid