Can you book a 5-star budget hotels in Madrid?

If you're looking to make your Madrid stay extra special, then consider staying at one of the top-rated hotels. The highest-rated budget hotels are Hyatt Centric Gran Via Madrid ($461/night), Vp Plaza España Design ($428/night), and Barceló Imagine ($260/night).

How many budget hotels are there in total in Madrid?

There are 2,516 Madrid budget hotels available out of a total 9,439 hotels that you can book on HotelsCombined.

Which are the most popular Madrid budget hotels?

HotelsCombined users’ favourite budget hotels in Madrid are Hotel Cortezo , Emperador , and Catalonia Atocha . With a rating of 9.0/10, Catalonia Atocha is the highest-rated hotel.

Budget Hotels in Madrid: Find Hotels from $53

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Apartamentos Funway

Madrid, Spain

Hostel in Madrid, near Gran Via Along with a microwave in a common area, this smoke-free hostel has a refrigerator in a common area and laundry facilities. WiFi in public areas is free. Apartamentos Funway Hostel offers 5 accommodations with air conditioning. This Madrid hostel provides complimentary wireless Internet access. Bathrooms include showers.

Air conditioning

8.7

Excellent

69 reviews

Location

1.9 km from city centre

$53

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Flat55madrid

Calle de San Bernardo 55, Madrid, Spain

Hotel with a 24-hour front desk, steps from Plaza de España - Princesa This smoke-free hotel features a 24-hour front desk and free WiFi in public areas. Bathrooms are shared and housekeeping is available on request. Flat55madrid offers 22 accommodations with blackout drapes/curtains. 4-inch flat-screen televisions come with digital channels. This Madrid hotel provides complimentary wireless Internet access. Guests have access to shared bathrooms. Change of towels and change of bedsheets can be requested. Housekeeping is provided on request.

Free Wi-Fi

Airport shuttle

7.9

Good

1880 reviews

Location

1.2 km from city centre

$82

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Hostel Center Madrid

Calle Infantas 44, Madrid, Spain

Hostel with a 24-hour front desk, 2-minute walk to Gran Via Coffee/tea in a common area, a 24-hour front desk, and free WiFi in public areas are available at this hostel. Hostel Center Madrid offers 44 shared accommodations with air conditioning, shared/communal kitchens, and hair dryers. Accommodations are furnished with desks and kitchen islands. Guests can make use of the in-room full-sized refrigerators/freezers and microwaves. Bathrooms include showers with rainfall showerheads. Guests can surf the web using the complimentary wireless Internet access. Housekeeping is provided daily.

Free Wi-Fi

7.8

Good

2004 reviews

Location

0.7 km from city centre

$32

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Casa de Huéspedes Cuenca

Plaza Beata María Ana Jesús, 6, Madrid, Spain

Casa de Huespedes Cuenca is located in the district of Arganzuela in Madrid, next to the bus and metro station providing access to the city centre. Free luggage storage is also available. All rooms are equipped with a wardrobe, desk, TV and fan. Shared bathroom with a shower and bidet is located in the corridor. Reception and info desk are open 24 hours a day. Only 2 minutes’ walk to Metro Station Legazpi from the property and 10 minutes’ on foot to the Bus Station Atocha. El Matadero cultural centre is 5 minutes away on foot.

Free Wi-Fi

8.3

Excellent

1522 reviews

Location

2.5 km from city centre

$80

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The Latest Deals for Budget hotels in Madrid

Discover well-known properties in Madrid, Spain that are favoured by visitors more than others. There are 2,516 hotels in Madrid, Spain and price data was last updated on 4 December 2025. The average price for a hotel in Madrid, Spain is $316/night.

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HotelsCombined’s insights for budget hotels in Madrid

Use our HotelsCombined data-powered tips to help you find your next budget hotel in Madrid.

Which month has the lowest rates for budget hotels in Madrid?

December is the cheapest month to book a budget hotel in Madrid, with average nightly rates around $200. Prices are highest in June, when rates rise to about $450 per night.

What day of the week has the lowest rates for Madrid budget hotels?

Budget hotels in Madrid are most affordable on Saturdays, with average nightly rates around $178. Thursdays are usually the most expensive, averaging $424 per night.

How much is a budget hotel in Madrid tonight?

Users have found prices for budget hotels in Madrid tonight starting as low as $124, rising to an average cost of $397, based on searches in the last 72 hours. Prices start from $125 for a 4-star budget hotel in Madrid for tonight.

How much is a Madrid budget hotel room this weekend?

What’s the recommended booking timeframe for Madrid budget hotels?

For the best rates, it's recommended to book your Madrid budget hotel at least 55 days before your stay.

Other accommodations in Madrid, Spain

Discover the ideal holiday rental or hostel for your stay in Madrid, Spain. Choose from a variety of options among the available accommodations. Listings are regularly updated, with the latest information as of 4 December 2025.

Explore Madrid

Explore different neighbourhoods and areas within Madrid, Spain to find the perfect location for your stay. Map data was last updated on 4 December 2025.

Navigate to the areas in Madrid you plan to visit to find hotels that are close by. Clicking on a hotel name will take you to a page with pricing, reviews, and more useful information.

Madrid Budget hotels - FAQs

Find useful tips and insights about staying in Madrid to help you make the most of your experience. FAQs were last updated on 4 December 2025.

Can you book a 5-star budget hotels in Madrid?

How many budget hotels are there in total in Madrid?

Which are the most popular Madrid budget hotels?

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Consider these popular 3-star hotels in Madrid

Stay at one of these Madrid 3-star hotels that users have found on HotelsCombined.