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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 2,611 hotels in Madrid, Spain and price data was last updated on 12 September 2025. The average price for a hotel in Madrid, Spain is $302/night.
The following hotels are among the most sought after in the Madrid area. Users seeking more options can adjust the settings in the search form at the top of the page.

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Apartamentos Funway
Apartamentos Funway

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
8.3
Excellent
68 reviews
Location
1.9 km from city centre
$53
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Hostel Center Madrid
Hostel Center Madrid

Hostel Center Madrid

Calle Infantas 44, Madrid, Spain
Hostel with a 24-hour front desk, a short 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
1896 reviews
Location
0.7 km from city centre
$32
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All 2,611 hotels in Madrid, Spain

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?

January is the cheapest month to book a budget hotel in Madrid, with average nightly rates around $261. Prices are highest in June, when rates rise to about $805 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 $250. Fridays are usually the most expensive, averaging $1,195 per night.

Which Madrid neighborhoods are most popular to stay in?

Those visiting Madrid tend to stay in Fuencarral-El Pardo, where a budget hotel costs around $360/night. Another popular neighborhood in Madrid is Moncloa-Aravaca, which is $82/night on average for a budget hotel.

How much is a budget hotel in Madrid tonight?

Users have found prices for budget hotels in Madrid tonight starting as low as $161, rising to an average cost of $716, based on searches in the last 72 hours. Prices start from $232 for a 4-star budget hotel in Madrid for tonight.

How much is a Madrid budget hotel room this weekend?

In the past 72 hours, we’ve seen prices for budget hotels in Madrid this weekend for as little as $236/night. If you’re specifically looking for a 3-star hotel this weekend, our users have found prices as low as $158/night. For a 4-star budget hotel in Madrid, the cheapest rate recently found was $360/night for 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 13 days before your stay.
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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 12 September 2025.
Intelier Palacio San Martin
Intelier Palacio San Martin

Intelier Palacio San Martin

Plaza San Martin, 5, Madrid, Spain
0.5 km from city centre
Free Wi-Fi
$249
Avg. per night
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Senator Barajas
Senator Barajas

Senator Barajas

Galeon 27, Madrid, Spain
11.3 km from city centre
Free Wi-Fi
$139
Avg. per night
View Deal
Hotel Puerta America
Hotel Puerta America

Hotel Puerta America

Avenida de America, 41 or, Madrid, Spain
4.0 km from city centre
Free Wi-Fi
$220
Avg. per night
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Tgh Gran Vía Apartments
Tgh Gran Vía Apartments

Tgh Gran Vía Apartments

Madrid, Spain
0.7 km from city centre
Air conditioning
$270
Avg. per night
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Apartamentos Juan Bravo
Apartamentos Juan Bravo

Apartamentos Juan Bravo

Madrid, Spain
3.1 km from city centre
Air conditioning
$210
Avg. per night
View Deal
Aparthotel G3 Galeon
Aparthotel G3 Galeon

Aparthotel G3 Galeon

Madrid, Spain
4.8 km from city centre
Air conditioning
$131
Avg. per night
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Smartrental Collection Centric II
Smartrental Collection Centric II

Smartrental Collection Centric II

Gran Via 48, Madrid, Spain
0.7 km from city centre
Free Wi-Fi
$525
Avg. per night
View Deal
Toc Hostel Madrid
Toc Hostel Madrid

Toc Hostel Madrid

Plaza Celenque 3-5, Madrid, Spain
0.3 km from city centre
Free Wi-Fi
Airport shuttle
$176
Avg. per night
View Deal
Far Home Atocha
Far Home Atocha

Far Home Atocha

Calle Atocha, 45, Madrid, Spain
0.3 km from city centre
Free Wi-Fi
Airport shuttle
$113
Avg. per night
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Hostal Ballesta
Hostal Ballesta

Hostal Ballesta

Calle Ballesta 5, Madrid, Spain
0.6 km from city centre
Free Wi-Fi
$202
Avg. per night
View Deal

Explore Madrid

Explore different neighbourhoods and areas within Madrid, Spain to find the perfect location for your stay. Map data was last updated on 12 September 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 12 September 2025.

Find better results for your stay in Madrid, Spain

Search cheap hotels with HotelsCombined. Use the hotel finder to search for the cheapest hotel deal for all major destinations around the world. HotelsCombined searches hundreds of hotel booking sites to help you find hotels and book the ones that suit you best. Since HotelsCombined searches many hotel sites at once, you can find discounted hotels quickly, including Hotels Under $75 and Hotels Under $151. Discover hotel discounts now and make your hotel reservation today.