Cheap hotels in Madrid: These 14 accommodations are easy on the budget

In Madrid, life takes place outdoors. If you want to save on your travel budget, you should opt for a cheap hotel, as you don't spend much time in your room anyway. Fortunately, in addition to luxurious hotels, there are more and more accommodations at reasonable prices.

Some are in the heart of the action around Puerta del Sol and Gran Via, others are in areas with fewer tourists but are still easy to reach. We'll take you to the cheapest accommodation in Madrid .

Generator hostels are a fixture in many major European cities. The hip company offers modern dormitories and private double rooms at hotel standards and attracts with a high entertainment factor and party atmosphere. The rooms in the "Generator Madrid" are decorated in soft ochre and olive green tones. Everyone comes together on the roof terrace and in the lobby, where there is a bar and a diner-style restaurant. A bed in a four-bed dormitory is available from 23 euros, a double room from 103 euros.

The "Mola Hostel" is located on Plaza Jacinto Benavente, just a few minutes' walk from the Puerta del Sol. The name is fitting, because "mola" means "cool" in Spanish! The hostel is young and hip and offers modern dormitories with shared bathrooms as well as private rooms with their own bathrooms. The spacious lounge area is the hostel's meeting point. Great: Organized tours and activities are offered regularly! A bed in a four-bed dormitory starts at 29 euros, a double room from 139 euros.

Simple, familiar, central: That is the motto of the "Hostal Triana" , which has been accommodating tourists since 1963. The simple, family-run hotel is located on the Plaza del Carmen, between Puerta de Sol and Gran Via, just a few minutes' walk from the Prado Museum, Puerta de Alcalá and numerous restaurants. There are 40 rooms available. All have a private bathroom, some rooms have air conditioning and a balcony. Double rooms are available from 69 euros.

If you are looking for an affordable boutique hotel, the "URBANSEA Atocha 113" is the right choice. The modern hotel is located in the middle of numerous restaurants and just a five-minute walk from the Real Jardín Botánico. The 36 rooms are bright and have minimalist white decor. The roof terrace and the lobby with free tea and coffee are particularly cool. Double rooms start at 70 euros.

On the edge of the Barrio de Las Letras district, the hotel"Casual Madrid del Teatro" is located in a building dating back to 1925. Where Madrid's theater tradition began in the 16th century, you can now stay in a theater-loving house. The 40 rooms are all designed differently and have names like "Les Misérables" or "Cabaret". You can buy discounted tickets for shows at reception, as the hotel has special deals with the city's theaters. A double room starts at 75 euros.

It was not until 2022 that the three-star hotel “Letoh Letoh” opened directly on Gran Vía and Plaza de España. The rooms are small, but have a stylish design, comfortable beds and modern rain showers. The hotel has the Asian restaurant "Yum House", the café "Syra Coffee" and a bar. So everything is included here - from breakfast to evening cocktails. The double room is available from 75 euros.

Outside the more touristy areas, but still central with shops, restaurants and museums within walking distance, the "One Shot Fortuny 07" is located on an elegant street. The hotel was originally a palatial private residence and has 74 bright and spacious rooms. All have Art Deco elements in black, white and royal blue, super comfortable beds, modern rain showers and even bathrobes. Double rooms start at 76 euros.

In the historic city center, just 150 meters from the Puerta del Sol and Plaza Mayor, the "Hostal Adriano" offers unbeatable value for money. The rooms are bright, friendly and have been recently renovated. In addition, the location is perfect: the Gran Vía shopping district and the Chueca and Huertas nightlife districts are within walking distance, as are the three museums El Prado, Reina Sofía and Thyssen Bornemisza. A double room is available from 77 euros.

The Room Mate group is known around the world as a leading brand for affordable boutique hotels. The first hotel opened in Madrid, and today there are a total of five in the city. "Room Mate Mario" is located right on the Plaza de Ópera and is ideal for anyone who wants to stay in the heart of the city. The rooms feature colorful murals, checkerboard tiles in the bathrooms and hip decorative elements. Double rooms start at 80 euros.

You couldn't wish for a more convenient location in Madrid: The "Room 007 Select Sol" is just a few minutes away from the Puerta del Sol, the Plaza Mayor, the Teatro Real and the Palacio Real. The rooms are decorated in warm natural tones and with many upcycled materials. There are different sizes - from small standard rooms to family options for up to six people. The double room is available from 81 euros.

Opposite Atocha train station is the "Sleep'n Atocha", a modern and, above all, fair accommodation. The sustainable hotel was the first B-Corp accommodation in Spain and the second in Europe. This is a seal that stands for the highest standards in terms of social and ecological performance, transparency and corporate responsibility. The rooms are smaller than usual, but are furnished with recycled and sustainable materials. The double room is available from 89 euros.

The "LaNave" is referred to as a "poshtel". The word creation from "posh" and "hotel" means a mixture of a noble hotel and a cheap hostel, which are typically located in interesting buildings with a unique design and offer fair prices. The "LaNave" is located in a building from the 19th century and has been converted into a kind of loft with open brick walls, iron girders and wooden beams. All rooms are furnished differently and are extremely cool. A double room is available from 93 euros.

The "7 Islas Hotel" is an oasis between Madrid's Gran Via and the vibrant Malasaña district. Surrounded by boutiques and cafes, the hotel is a small haven of peace with 79 rooms - from standard rooms of 17 square meters to 31 square meter penthouse rooms with a private terrace with a unique view of Madrid. Changing exhibitions by up-and-coming artists liven up the industrial-style lobby. Double rooms are available from 105 euros.

The Hotel Artrip is located in the multicultural Lavapies district, just a few minutes' walk from the El Prado, Reina Sofía and Thyssen Bornemisza museums. There are numerous tapas bars, cafes and restaurants all around. The hotel has 17 rooms, including spacious junior suites, family rooms and some cozy rooms with beamed ceilings on the top floor. The open brick lobby also serves as an art gallery, where coffee is available all day. Double rooms start at 120 euros.

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