When searching for budget-friendly accommodations in Madrid, travelers often prioritize both cost and location. The city, rich in culture and history, offers a range of economical options that don’t skimp on comfort or accessibility. Staying close to popular attractions while sticking to a budget is entirely achievable with several affordable hotels available. This guide highlights some of the cheapest hotels near you in Madrid, making your travel planning easier and more efficient.
The Best Madrid Cheapest Hotels Near Me
View all photos
Apartamentos Goya 75
Apartamentos Goya 75 Madrid offers 3-star accommodation about 10 minutes by car from Puerta del Sol. Guests will have access to private car parking on site for added convenience.
The venue is very close to the prestigious district of Madrid and just a stroll from the Neo - classical Bridge of Alcala Monument. Plaza de Cibeles is 19 minutes' walk from the hotel. Apartamentos Goya 75 is a short ride from El Retiro Park. The exceptional location makes it easy to travel as Velazquez tube station is within 600 metres away.
View all photos
Hostal Victoria II
The 2-star Hostal Victoria II Hotel Madrid is around 5 minutes' drive from Museo Cerralbo. Guests will have access to private parking nearby for added convenience.
The venue is set in Centro district, steps away from Sol underground station. Plaza Lavapies is only 12 minutes on foot from the guest house in Madrid. Hostal Victoria II Hotel is centrally located close to Puerta del Sol. Carrera de San Jeronimo - Victoria bus stop is about a 5-minute walk away.
View all photos
Ibis Styles Madrid Centro Maravillas
The 2-star Ibis Styles Madrid Centro Maravillas is just 1.4 km from Convent of the Royal Barefoot Nuns Monasterios de las Descalzas Reales. Set near Anden 0, the venue overlooks the city and invites guests to have a drink at a snack bar.
The accommodation is located near Ensayo 100 Theater, close to Bilbao tube station. Espacio Fundacion Telefonica Live Music Hotel can be reached in a 15-minute walk. The property is nestled amidst a tapas bar, numerous restaurants, and bars that you can visit during your stay. Ibis Styles Madrid Centro Maravillas is a short ride from Prado National Museum. Fuencarral-Bilbao bus stop is within 250 metres.
View all photos
Hotel Mediodia
The pleasant Hotel Mediodia Madrid is a 2-star venue set a mere 1.2 km from Prado National Museum. The property features Wi-Fi throughout the hotel.
The accommodation is located in Madrid, opposite Atocha Railway tube station. The venue is centrally situated 12 minutes' walk from Monumental Theatre. Hotel Mediodia is a short ride from Gran Via. Teatro Circo Price bus stop is about 500 metres away.
View all photos
Petit Palace Preciados
The 3-star Petit Palace Preciados Hotel is located right in the centre of Madrid and offers views of the city. Prado National Museum is 1.3 km from the venue and Plaza de Colon is 2 km away.
The accommodation is set close to Convent of the Royal Barefoot Nuns Monasterios de las Descalzas Reales and approximately a 5-minute walk from Sol underground station. It's a 5-minute walk from here to the centre of Madrid. Petit Palace Preciados Hotel also has a central location, with direct access to the large urban Puerta del Sol Plaza. This pleasant property is next to Carrera de San Jeronimo - Victoria bus station.
View all photos
Suites Viena Plaza De Espana
Plunged among a cinema and a bar, about 450 metres from Renoir Plaza de Espana Cinema, Suites Viena Plaza De Espana Madrid comprises 46 rooms. All guests can enjoy Wi-Fi throughout the property and access to a fitness suite.
The venue is set close to Plaza de Espana Jardines de Ferraz and at an 850-metre distance from Ventura Rodriguez underground station. Museo Nacional Thyssen-Bornemisza is 10 minutes by car from the aparthotel, while Adolfo Suarez Madrid-Barajas airport is 25 km from it. The hotel has a tranquil location in Madrid, not far from the State-owned museum "Museo Cerralbo". Ferraz - Luisa Fernanda bus station is located relatively near the property.
View all photos
Hostal Aresol
The charming 2-star Hostal Aresol Hotel Madrid offers accommodation near Puerta del Sol and overlooks the city. The venue is placed right in the centre of Madrid, 800 metres away from Plaza Mayor and 0.7 km from Teatro de la Zarzuela.
The property is set in Centro district, approximately a 10-minute walk from Sol underground station. It's a 5-minute walk from here to the centre of Madrid. You can get to the ancient Egyptian Temple of Debod in a few minutes by car. Well-connected to many sights, Hostal Aresol Hotel is within walking distance of Carrera de San Jeronimo - Victoria bus station.
View all photos
Vazquez De Mella Gran Via Hotel
Situated right in the centre of Madrid, the 2-star Vazquez De Mella Gran Via Hotel is within walking distance from Gran Via. The venue also features Wi-Fi in the rooms.
The hotel is set in Centro district, 350 metres from Chueca underground station. Statue of the Bear and the Strawberry Tree is 200 metres from the guest house, while Hortaleza bus station is 150 metres away. The property is within a 25-minute walk from El Retiro Park and not far from Puerta del Sol.
View all photos
Hostal Rivera - Atocha
Featuring Wi-Fi in the rooms, Hostal Rivera - Atocha Hotel Madrid offers accommodation within 4.9 km from Santiago Bernabeu Stadium. The venue is set close to Monumental Theatre and within 300 metres of Anton Martin underground station.
The guest house is centrally located in vicinity of Plaza de Santa Ana. A 14-minute walk will take guests to Puerta del Sol. You can get to Prado National Museum in a few minutes by car. Desamparados bus stop, offering a direct link to the city attractions and main places, is around 5 minutes' walk from Hostal Rivera - Atocha Hotel.
View all photos
Zleep Madrid Airport Hotel
Zleep Madrid Airport Hotel is a 3-star venue positioned around a 5-minute walk from Infante de Orleans Foundation Museum. Guests will have access to private car parking on site for added convenience.
Situated in San Blas district, the accommodation is set within a 10-minute drive of Fuente ornamental. An industrial park are nearby. Zleep Madrid Airport Hotel is a short ride from Estadio Metropolitano Stadium. Avda de Aragon N 400 bus stop is a 10-minute walk away.
View all photos
Hostal Madrid Sol
Notable for its location 600 metres away from Teatro de la Zarzuela in Centro district, the venue is placed within 7 minutes' walk of Puerta del Sol.
The accommodation is located in Madrid, approximately a 5-minute stroll from Sevilla tube station. It is about 1 km away from the centre of Madrid. Gran Via lies near the property. Carrera de San Jeronimo - Victoria bus station is set 450 metres away.
View all photos
Pension San Isidro
Pension San Isidro Hotel Madrid is a 2-star accommodation set just 0.6 km from Infanta Isabel Theatre. The venue also features Wi-Fi throughout the hotel.
Situated in the very heart of Madrid, the property gives quick access to Gran Via. Statue of the Bear and the Strawberry Tree is 600 metres from the guest house, while Carrera de San Jeronimo - Victoria bus station is 450 metres away. Pension San Isidro Hotel is a short ride from Plaza de Colon. Sevilla underground station is a 5-minute walk away.
View all photos
Hostal Oporto
The accommodation is located a 7-minute walk from Gran Via and 5 minutes walk from Sevilla underground station. It offers Wi-Fi throughout the venue.
Adolfo Suarez Madrid-Barajas airport is 25 km from Hostal Oporto Hotel, which lies in Centro district. The room Royal Palace of Madrid is 1.4 km from the property in Madrid. Puerta del Sol can be found in the area. Las Cortes bus station is set 400 metres away.
View all photos
Porcel Torre Garden Hotel
The 3-star Porcel Torre Garden Hotel Madrid lies 6 km from Museo Nacional Centro de Arte Reina Sofia, and offers proximity to an underground station. This venue features a sun deck and various recreational opportunities as well as Wi-Fi throughout the accommodation.
Set next to En Forma Madrid, the hotel is located in the very heart of Madrid. 6 km from the perfect property guests will find Plaza de Cibeles. Porcel Torre Garden Hotel is a short ride from Plaza de Santa Ana.
View all photos
Hotel Moderno Puerta Del Sol
Only 5 minutes' walk from Sol underground station, Hotel Moderno Puerta Del Sol is set in a shopping area of Madrid, next to Preciados Street. Boasting location next to Puerta del Sol, the venue offers 91 rooms together with a tapas bar onsite.
The vast 19th-century El Retiro Park and the wax Museo de Cera de Madrid are 20 minutes and 25 minutes' walk away respectively. The accommodation is 1 km away from the centre of Madrid. Hotel Moderno Puerta Del Sol is a short ride from CaixaForum Madrid. The nearest bus stop is Carrera de San Jeronimo - Victoria, within only 450 metres away.
View all photos
Hostal Alexis Madrid
Hostal Alexis Madrid Hotel is situated in Centro district, at a distance of 950 metres from Royal Botanical Garden of Madrid and features 18 rooms with views of the courtyard. The venue also offers Wi-Fi throughout the accommodation.
The guest house is located near the Vast pedestrianized Puerta del Sol Public Square, in close proximity to Sevilla tube station. Museo Nacional Thyssen-Bornemisza can be reached within a 7-minute walk. Hostal Alexis Madrid Hotel is an ideal starting point for visiting the grand Gran Via Boulevard. Santa Ana bus stop is within 650 metres.