And although it is one of the top cities in the world, Madrid can still be explored on a cheapo budget.

Case in point: The abundance of high-quality cheapo-friendly hotels across the city. So brush up on your Spanish and start planning your trip!

More tips for Madrid:
• 5 Budget tips for visiting Madrid
• 8 Ways to save on drinking and eating in Madrid
• How to save time and money at the Prado Museum

The top budget hotels in Madrid

We’ve searched through our listings to find our favorite budget hotels in Madrid based on comfort, amenities, and the overall atmosphere.

Before you book, you can read up on how to save at Marid hotels.

The view from a balcony at Hostal Gonzalo.

Hostal Gonzalo

Neighborhood: Near Atocha Train Station & Prado Museum
Doubles from $89

If you want a room at the charming, family-run Hostal Gonzalo, you’d better book now! The hotel’s low rates coupled with its location near the Museum Triangle and the Atocha Train Station means it’s often fully booked. Amenities include air conditioning and free Wi-Fi. And down the quaint street, you’ll find fruit bodegas, bookshops, and neighborhood taverns. Read the full review

A charming reception greets you at Hostal Marlasca. Photo: Booking.com

Marlasca

Neighborhood: Huertas & Santa Ana
Doubles from $97

Tucked away on a quiet side street in central Madrid, Marlasca is cozy and homey. The hotel has been upgraded to sport modern, minimalist-style rooms, but that doesn’t mean it skimps on amenities. You can find flat-screen TVs, air conditioning, and free Wi-Fi. As an added bonus, exterior rooms open up to balconies. Read the full review

We highly recommend the airy corner rooms at Hotel Plaza Mayor.

Hotel Plaza Mayor

Neighborhood: La Latina-Lavapies
Doubles from $88

You’ll be warmly welcomed at the Hotel Plaza Mayor, which is situated near — you guessed it — Plaza Mayor. You can save money in the regular rooms, and still get plenty of wonderful amenities, but we suggest the superior corner rooms, which boast floor-to-ceiling windows with views of the plaza. Read the full review

Peek out the window at Hostal La Macarena for this classic city scene.

Hostal La Macarena

Neighborhood: Huertas & Santa Ana
Doubles from $85

Right across from Plaza Mayor is the Hostal La Macarena, a cozy hotel in the heart of Madrid. Nearby, you’ll find plenty of traditional restaurants and tapas bars. Plus, most rooms are complete with wrought-iron balconies, so you can peer out onto the beautiful streets below — perfect for people-watching. Read the full review

Hostal Benamar offers an excellent location at an excellent price.

Hostal Benamar

Neighborhood: Chueca
Doubles from $105

At Hostal Benamar, you’ll find clean and comfortable rooms, complete with flat-screen TVs, air conditioning, and free Wi-Fi. Rooms also come with a view, of either the quiet street below or Hostal Benamar’s courtyard. It’s a great place to stay if you want to get a taste of the vibrant Chueca neighborhood from restaurants to nightlife. Read the full review

More recommendations in Madrid on where to stay

• Full hotel guide to Madrid
• Madrid hotels under $100
• Best value hotels in Madrid

The post The top budget hotels in Madrid for 2025 appeared first on EuroCheapo's Budget Travel Blog.

So how can you ensure savings on your hotel room in Madrid?

Surprisingly, it’s not as difficult as it sounds when you use our handy tips. The key to getting the best possible deal is keeping a close eye on details like location, how far in advance to book, and the type of accommodations that are available.

More hotel tips for Spain:
• 7 Tips for saving on your hotel in Barcelona
• Hostal? Hostel? Hotel? Understanding Barcelona accommodation options
• Hotels under $100 per night in Madrid

8 Tips for saving on your Madrid hotel

Are you ready to plan a trip to Madrid? Check out current rates for rooms at Madrid hotels and read up on our best advice on how to book a comfortable room for a great price.

1. Always keep location in mind

Madrid is a sprawling metropolis, not nearly as walkable as more compact cities like Amsterdam or Florence. So keep that in mind when booking accommodations — ideally, you want to stay somewhere centrally located. That said, if you’d like a peaceful night’s sleep, stay away from the busy and boisterous streets around Atocha Train Station, Gran Vía, Puerta del Sol, and Plaza Mayor.

2. Stay near public transit

If due to events and availability you have to stay a little further from the center, one thing is key — proximity to public transit. Public transportation in Madrid is fast and cheap, so as long as your hotel is near a bus or metro stop, you’ll be all set. Just try to stay within one zone of the city center for the cheapest price per trip to town and back.

Related: 5 Budget tips for saving on your trip to Madrid

3. Choose your dates carefully

While Madrid is a popular destination year-round, some dates are superior to others when it comes to the price for a night’s stay in a hotel, hostel or pension. In addition to the potential dangers of visiting during peak season (late spring through early fall), booking your trip during popular events like major soccer games and medical conferences can drive up occupancy rates — and prices, too!

Skip the hotel breakfast for churros and hot chocolate at the local cafe. Photo: Chris

4. Don’t pay extra for breakfast

Unless breakfast is included, plan on heading out for a café con leche and bocadillo de jamón first thing. Paying extra for a desayuno (breakfast) in your hotel is generally a disappointing and overpriced affair. In a nearby bar, you’ll get better food (and coffee) for less.

Related: Cheap Eats in Madrid: How to save on dining and drinking

5. Reserve your accommodations in advance

For the best prices in a central locale, reserving a room far in advance is advisable. This is especially true if you plan to come to Madrid during the busy summer months or are visiting for a major professional conference. If you’re not sure about the deal you’ve found, pay a little extra and book a refundable rate. That way you can check back in periodically for a better offer.

6. Book late… if you dare

If you’d rather wait until late in the game, that’s an option, too. Just remember that last-minute bookings work best online — don’t expect to walk into a hotel the day of and get a competitive rate. If you must walk in, do it earlier in the day. If staff are even willing to check you in late at night, you can expect to pay substantially more than the hotel’s list price.

Related: Search and book the best value hotels in Madrid

We love the style of the affordable rooms at Hostal Adriano.

7. Consider guesthouses, 1-star hotels & hostels

One of our favorite things about traveling in Spain is the wide availability of ruthlessly clean but bare-bones accommodations, even in a big city like Madrid. You may not have an elevator, air-conditioning or a private bathroom, but the euros you save can be spent on churros, fried squid sandwiches and all of the other delicacies the Spanish capital has to offer.

We love Hostal Gonzalo near the city’s best museums or Hostal La Macarena across from Plaza Mayor. Check out our other most popular hotels in Madrid.

8. Don’t bring a car

Parking is scarce in Madrid, and even if you can find it, this just means you’ll be adding to your budget. If you plan to drive into Madrid from elsewhere in Spain, leave your vehicle in long-term parking at the airport and hop the metro into the city — your car will be a nuisance, not an asset for seeing the city. If you plan to rent a car for a side trip from Madrid, grab it from the rental company the day of departure, not a minute before, as again, it’ll cost you time and cash to park it during your stay.

Related: Simple ways to save on your rental car in Spain

Have you been to Madrid? What are your best tips on saving money on accommodations in the Spanish Capital?

The post How to save on hotels in Madrid appeared first on EuroCheapo's Budget Travel Blog.