A cityscape with ornate buildings and a prominent dome structure.

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Our top choices for Madrid cheap hotels

A large, multi-story hotel with a prominent central tower, surrounded by a busy urban street with vehicles and pedestrians.

1. Hotel Riu Plaza España

Hotel Riu Plaza España
4.0 star property
Madrid Centro
9.4 out of 10, Exceptional, (5,324 reviews)
"Great location near to a lot of places"
United States
loisett
The price is ฿6,742
฿7,416 total
includes taxes & fees
30 Nov - 1 Dec
Hotel Riu Plaza España
A modern restaurant with high ceilings, wooden slats, and large windows.

2. SLEEP’N Atocha – B Corp Certified

SLEEP’N Atocha – B Corp Certified
2.0 star property
Madrid Centro
9.4 out of 10, Exceptional, (1,961 reviews)
"Great location"
United States
Pamela
The price is ฿3,065
฿3,371 total
includes taxes & fees
8 Dec - 9 Dec
SLEEP’N Atocha – B Corp Certified
A restaurant with multiple tables and chairs, decorated with hanging lights and plants.

3. Hotel Vincci Soho

Hotel Vincci Soho
4.0 star property
Madrid Centro
9.4 out of 10, Exceptional, (1,001 reviews)
"Staff was friendly. Breakfast was good. Accommodations were comfortable and clean. Would stay here again."
United States
Emily
The price is ฿4,967
฿5,464 total
includes taxes & fees
16 Nov - 17 Nov
Hotel Vincci Soho
A modern hotel room with a large bed, a built-in vanity with a mirror, and a wooden panel wall.

4. Zleep Hotel Madrid Airport

Zleep Hotel Madrid Airport
3.0 star property
San Blas-Canillejas
8.6 out of 10, Excellent, (2,553 reviews)
"enjoyed my stay"
Canada
Marlene
The price is ฿2,309
฿2,540 total
includes taxes & fees
1 Dec - 2 Dec
Zleep Hotel Madrid Airport
A hotel entrance with a numbered door, a sign indicating the location, and a visible window.

5. BYPILLOW Crosstown

BYPILLOW Crosstown
3.0 star property
Madrid Centro
9.2 out of 10, Wonderful, (237 reviews)
"Great place in a good location And very friendly staff Thank you"
United Kingdom
Fares
The price is ฿3,048
฿3,352 total
includes taxes & fees
16 Nov - 17 Nov
BYPILLOW Crosstown
A multi-story hotel with balconies, a central entrance, and a street-facing café area with outdoor seating.

6. Hotel Europa

Hotel Europa
3.0 star property
Madrid Centro
9.4 out of 10, Exceptional, (1,019 reviews)
"Great stay, great location, courteous helpful staff, recommend."
United States
John
The price is ฿5,561
฿6,117 total
includes taxes & fees
16 Nov - 17 Nov
Hotel Europa
A street with historic buildings, including a boutique hotel with ornate balconies and a neon sign.

7. chic&basic dot

chic&basic dot
3.0 star property
Madrid Centro
9.2 out of 10, Wonderful, (1,001 reviews)
"Great location and the staff is very helpful."
Canada
Luis
The price is ฿3,871
฿4,258 total
includes taxes & fees
16 Nov - 17 Nov
chic&basic dot
A modern living room with a sofa, a coffee table, and a bookshelf.

8. Hotel Regina

Hotel Regina
4.0 star property
Madrid Centro
9.8 out of 10, Exceptional, (2,457 reviews)
"The location is perfect and the breakfast very good"
United States
John
The price is ฿8,443
฿9,287 total
includes taxes & fees
16 Nov - 17 Nov
Hotel Regina
A pool area with lounge chairs, umbrellas, and a water feature.

9. Hotel Porcel Ganivet

Hotel Porcel Ganivet
3.0 star property
Madrid Centro
9.2 out of 10, Wonderful, (1,003 reviews)
"Great location and very helpful staff. Cool pub opposite that is famous for its snails !"
United Kingdom
Hugh
The price is ฿3,735
฿4,108 total
includes taxes & fees
16 Nov - 17 Nov
Hotel Porcel Ganivet
A hotel room with a bed, a bedside table, a desk, and a chair.

10. Hostal CC Atocha

Hostal CC Atocha
2.0 star property
Arganzuela
8.4 out of 10, Very good, (368 reviews)
"It is an easy walk from the train station so great for day trips and convenient if you need to get to the airport early. I would stay here again."
United States
Monica
The price is ฿2,241
฿2,465 total
includes taxes & fees
16 Dec - 17 Dec
Hostal CC Atocha
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.
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Top Madrid Hotel Reviews

Hotel Regina

Hotel Regina

10/10 Excellent
"Great hotel. Very clean. Very convenient. Easy walk to multiple subway stations and walking distance to most of the Madrid sights. Comfortable bed and the rooms are pretty spacious - especially by European standards. Would definitely stay here again."
Alexander 5-night trip
Posted 6 hours ago
Hotel Regina
Hotel Liabeny

Hotel Liabeny

8/10 Good
"Great location. Helpful staff, good breakfast. It’s a good choice for a central location in Madrid."
Eugenia 3-night trip
Posted 1 day ago
Hotel Liabeny

Frequently asked questions

What is Madrid like for travellers on a budget?
Madrid has a variety of cheap accommodation options and places to visit, making it a great holiday choice for budget-conscious travellers. In addition to its well-known attractions such as Puerta del Sol and Gran Via, this destination is home to El Retiro Park and Sabatini Gardens, which you can enjoy while spending very little.
What's the best budget-friendly accommodation in Madrid?
Based on reviews, Hotel Riu Plaza España is a popular hotel for our travellers who want a more economical choice, and features free Wi-Fi and 2 bars/lounges. Other good options to stay on the cheap include Hotel Regina and Far Home Atocha.
How many cheap hotels will I find in Madrid?
Choose a hotel that suits your wallet from Expedia's 355 budget hotels in Madrid.
When is the best time for a budget trip to Madrid?
Weather will likely play an important role when you plan your trip to Madrid, but bear in mind that cheaper options are usually available when the weather isn't as good. The hottest months are usually July and August, with an average temperature of 25°C, while the coldest months are January and February, with an average of 7°C. Average annual precipitation for Madrid is 420 mm.
What is there to see and do in Madrid?
Madrid attracts visitors with its top museums and theatre 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 Gran Via, and choose other low-cost activities to fill your itinerary. Head to Preciados Street and San Miguel Market for some bargain shopping, or hunt for deals at San Anton Market.
How can I get to Madrid and get around on a budget?
Scoping out the transportation options in Madrid is a smart way to keep your trip affordable. The nearest airport is Madrid (MAD-Adolfo Suárez Madrid-Barajas), situated 7.9 mi (12.8 km) away. You can walk to nearby metro stations including Sol Station, Gran Via Station and Callao Station.