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 ($407/night), Vp Plaza España Design ($419/night), and Barceló Imagine ($275/night).

How many budget hotels are there in total in Madrid?

There are 2,509 Madrid budget hotels available out of a total 9,381 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 , Ilunion Atrium , and Emperador . With a rating of 9.0/10, Emperador is the highest-rated hotel.

Budget Hotels in Madrid: Find Hotels from $52

The Latest Deals for Budget hotels in Madrid

Enter your travel dates to find the best prices.

Sort by

Popular

Price Stars Review Score Distance

Filter by star ratings

All filters

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

9.0

Excellent

69 reviews

Location

1.9 km from city centre

$52

View Deal

Hostal Alonso No Limit Madrid

Espoz y Mina 17 3Ero., Madrid, Spain

Hotel in Madrid, steps from Plaza de Santa Ana This smoke-free hotel features free WiFi in public areas. Housekeeping is available on request. Hostal Alonso No Limit Madrid offers 20 accommodations. This Madrid hotel provides complimentary wireless Internet access. Housekeeping is provided on request.

Free Wi-Fi

7.4

Good

3177 reviews

Location

0.1 km from city centre

$73

View Deal

Hostal Siesta & Go Nuevos Ministerios

Calle Orense Na 10 Posterior, Madrid, Spain

Adults-only hotel in Madrid This smoke-free hotel features coffee/tea in a common area, a microwave in a common area, and free WiFi in public areas. Other amenities include a vending machine. Bathrooms are shared. Siesta & Go - Hostel offers 25 shared accommodations with air conditioning and hair dryers. This Madrid hotel provides complimentary wireless Internet access. Guests have access to shared bathrooms. Bathrooms include showers. Housekeeping is offered daily and irons/ironing boards can be requested.

Free Wi-Fi

Airport shuttle

Air conditioning

7.6

Good

1959 reviews

Location

3.8 km from city centre

$66

View Deal

Far Home Atocha

Calle Atocha, 45, Madrid, Spain

Hostal with a 24-hour front desk, steps from Plaza de Santa Ana Coffee/tea in a common area, laundry facilities, and a 24-hour front desk are available at this smoke-free hostal. WiFi in public areas is free. Other amenities include tour/ticket assistance and a vending machine. Far Home Atocha offers 25 accommodations with air conditioning. This Madrid hostal provides complimentary wireless Internet access. Guests can make use of the in-room refrigerators and microwaves. Housekeeping is provided daily.

Free Wi-Fi

Airport shuttle

8.4

Excellent

5729 reviews

Location

0.3 km from city centre

$70

View Deal

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

2054 reviews

Location

0.7 km from city centre

$31

View Deal

Bastardo Hostel

3 Calle de San Mateo, Madrid, Spain

Hostel with a rooftop terrace, 7-minute walk to Gran Via A restaurant, a bar/lounge, and a rooftop terrace are available at this smoke-free hostel. WiFi in public areas is free. Other amenities include a coffee shop/cafe, a microwave in a common area, and a refrigerator in a common area. Housekeeping is available once per stay. Bastardo Hostel offers 57 air-conditioned accommodations with shared/communal kitchens and complimentary toiletries. Guests can make use of the in-room refrigerators and microwaves. Bathrooms include showers. Guests can surf the web using the complimentary wireless Internet access. Housekeeping is offered once per stay and hair dryers can be requested. Housekeeping is provided on a limited basis.

Free Wi-Fi

8.7

Excellent

4424 reviews

Location

1.1 km from city centre

$72

View Deal

All 2,509 hotels in Madrid, Spain

Find Cheap Budget hotels in Madrid

Search, compare, and save on Madrid, Spain Budget hotels from hundreds of travel sites on HotelsCombined.

Refine Your Search

Star ratings

Guest Ratings

Amenities

Style

Freebies

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 2,509 hotels in Madrid, Spain and price data was last updated on 18 January 2026. The average price for a hotel in Madrid, Spain is $328/night.

Filter by star ratings

HotelsCombined’s insights for budget hotels in Madrid

How much does it usually cost to stay at a budget hotel in Madrid?

On average, a budget hotel room in Madrid costs about $319 per night. Rates can vary based on factors like seasonality, hotel star rating, and booking timing. The lowest price found on HotelsCombined in the last 7 days was $239.

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

April is the cheapest month to book a budget hotel in Madrid, with average nightly rates around $220. Prices are highest in June, when rates rise to about $444 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 $137. Tuesdays are usually the most expensive, averaging $413 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 $112, rising to an average cost of $448, based on searches in the last 72 hours. Prices start from $142 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 84 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 18 January 2026.

Explore Madrid

Explore different neighbourhoods and areas within Madrid, Spain to find the perfect location for your stay. Map data was last updated on 18 January 2026.

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 18 January 2026.

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?

Find better results for your stay in Madrid, Spain

Consider these popular 3-star hotels in Madrid

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