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Check prices for these dates

Tonight
Nov 15 - Nov 16
Tomorrow
Nov 16 - Nov 17
Next weekend
Nov 20 - Nov 22
In two weeks
Nov 27 - Nov 29

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, (5,323 reviews)
"Great location near to a lot of places"
United States
loisett
The price is ₩265,988
₩292,587 total
includes taxes & fees
Nov 30 - Dec 1
Hotel Riu Plaza España
A modern hotel room with a large bed, a built-in vanity with a mirror, and a wooden panel wall.

2. 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 ₩91,094
₩100,203 total
includes taxes & fees
Dec 1 - Dec 2
Zleep Hotel Madrid Airport
A modern restaurant with high ceilings, wooden slats, and large windows.

3. 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 ₩120,926
₩133,018 total
includes taxes & fees
Dec 8 - Dec 9
SLEEP’N Atocha – B Corp Certified
A restaurant with multiple tables and chairs, decorated with hanging lights and plants.

4. 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 ₩236,915
₩260,614 total
includes taxes & fees
Nov 29 - Nov 30
Hotel Vincci Soho
A street with historic buildings, including a boutique hotel with ornate balconies and a neon sign.

5. 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 ₩152,720
₩167,992 total
includes taxes & fees
Nov 16 - Nov 17
chic&basic dot
A hotel entrance with a numbered door, a sign indicating the location, and a visible window.

6. 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 ₩109,312
₩120,244 total
includes taxes & fees
Nov 16 - Nov 17
BYPILLOW Crosstown
A pool area with lounge chairs, umbrellas, and a water feature.

7. 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 ₩147,357
₩162,093 total
includes taxes & fees
Nov 16 - Nov 17
Hotel Porcel Ganivet
A hotel room with a bed, desk, and chair, a balcony with a view of the street.

8. Hostal Ballesta

Hostal Ballesta
2.0 star property
Madrid Centro
9.0 out of 10, Wonderful, (1,032 reviews)
"Location was great"
United States
Rosa
The price is ₩119,359
₩131,294 total
includes taxes & fees
Nov 30 - Dec 1
Hostal Ballesta
A hotel room with a bed, a bedside table, a desk, and a chair.

9. 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 ₩87,073
₩95,780 total
includes taxes & fees
Dec 16 - Dec 17
Hostal CC Atocha
A hostel entrance with a glass door, two potted plants, and a sign indicating the hostel.

10. Far Home Atocha

Far Home Atocha
2.0 star property
Madrid Centro
9.0 out of 10, Wonderful, (952 reviews)
"Great place to stay"
United States
Luis
The price is ₩82,906
₩91,196 total
includes taxes & fees
Dec 9 - Dec 10
Far Home 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

A modern living room with a sofa, a coffee table, and a bookshelf.
Hotel Regina

Hotel Regina

Hotel Regina
Madrid Centro

10/10 Excellent

Great place to stay! Staff were great and room was large with beautiful bathroom, walk in shower. Walking distance to many restaurants and shops. Would strongly recommend staying at the Hotel Regina!
United States
Maryann
Reviewed June 29, 2025
Hotel Regina

Find out more about Madrid

Discover cheap things to do in Madrid (and vicinity)

For budget-conscious travelers exploring the greater Madrid area, a variety of affordable activities and points of interest await. Start your day at the iconic Retiro Park, a sprawling green oasis perfect for picnics, leisurely strolls, or even boat rides on the lake, all of which are either free or low-cost. History enthusiasts will appreciate the stunning architecture of the Royal Palace, where you can wander the gardens at no charge and enjoy the breathtaking views. Art lovers should not miss the renowned Museo del Prado, which offers free entry during certain hours, allowing you to soak in masterpieces without breaking the bank. In the vibrant La Latina neighborhood, indulge in tapas at local bars, where small plates can be enjoyed for just a few euros—perfect for families looking to savor authentic flavors. If you’re seeking budget accommodation, consider staying in the Malasaña district, known for its bohemian vibe and eclectic shops. Here, you can find cozy hotels that offer both comfort and convenience, making it easy to explore the area's lively streets filled with murals and quirky cafés. With a wealth of experiences that won’t stretch your wallet, greater Madrid is a playground for the adventurous traveler.

Suites Viena Plaza de España

  • Why it's great for a budget-friendly vacation: Suites Viena Plaza de España is an exceptional budget accommodation, earning an excellent review rating of 9.2. This hotel offers travelers free WiFi and toiletries, along with a convenient 24-hour airport shuttle service to ease travel logistics.
  • Other amenities: Guests can unwind on the terrace or take advantage of the kitchenette in their rooms, complete with an electric kettle and refrigerator. Self-parking options are available, and the hotel features a fitness center for those looking to stay active. With daily housekeeping and premium bedding, travelers can enjoy a restful stay in the heart of Madrid.
  • Neighborhood: Moncloa - Arguelles
  • Nearby attractions: Gran Via - 0.43 miles, Plaza de España - Princesa - 0.0 miles, Royal Palace of Madrid - 0.54 miles

Zleep Hotel Madrid Airport

  • Why it's great for a budget-friendly vacation: Zleep Hotel Madrid Airport is a fantastic option for budget travelers, an impressive review rating of 8.8. Located conveniently near the airport, this hotel offers essential amenities such as free WiFi and an airport shuttle service, ensuring a smooth travel experience for guests.
  • Other amenities: In addition to comfortable accommodations, guests can utilize the kitchenette in their rooms, featuring a mini refrigerator and microwave for easy meal prep. The hotel also provides early check-in, self-parking options, and a fitness center for those looking to keep active. Enjoy daily housekeeping and a hosted evening meal to make your stay even more enjoyable.
  • Neighborhood: San Blas-Canillejas
  • Nearby attractions: Aquopolis - 1.99 miles, Plenilunio Shopping Mall - 4.02 miles, El Capricho Park - 4.47 miles

Frequently Asked Questions

What is Madrid like for travelers on a budget?

Madrid has cheap accommodation options and a range of things to see and do, making it a great getaway spot for budget travelers. In addition to its well-known attractions like 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 hotel in Madrid?

Based on reviews, Hotel Riu Plaza España is a popular hotel for our travelers who want a more economical choice, and features free WiFi and 2 bars/lounges. Other options to stay on the cheap include Hotel Regina and Far Home Atocha.

How many inexpensive hotels should I expect to find in Madrid?

Choose a hotel that suits your wallet among 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, and keep 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 temp of 77°F, while the coldest months are January and February with an average of 45°F. Average annual precipitation for Madrid is 17 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 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 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.