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 (€227/night), Barceló Imagine (€189/night), and Hotel Fenix Gran Meliá - The Leading Hotels of the World (€371/night).

How many budget hotels are there in total in Madrid?

There are 2,550 Madrid budget hotels available out of a total 9,451 hotels that you can book on HotelsCombined.

Which are the most popular Madrid budget hotels?

HotelsCombined users’ favourite budget hotels in Madrid are Hostal Cervantes , Ilunion Atrium , and NH Madrid Ribera del Manzanares . With a rating of 9.0/10, NH Madrid Ribera del Manzanares is the highest-rated hotel.

Budget Hotels in Madrid: Find Hotels from €30

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

8.6

Excellent

69 reviews

Location

1.9 km from city centre

€30

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

7.7

Good

1900 reviews

Location

3.8 km from city centre

€33

View Deal

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

7.9

Good

1971 reviews

Location

0.7 km from city centre

€18

View Deal

All 2,550 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 2,550 hotels in Madrid, Spain and price data was last updated on 12 November 2025. The average price for a hotel in Madrid, Spain is €198/night.

Filter by star ratings

HotelsCombined’s insights for budget hotels in Madrid

Use our HotelsCombined data-powered tips to help you find your next budget hotel 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 €186 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 €120.

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

September is the cheapest month to book a budget hotel in Madrid, with average nightly rates around €106. Prices are highest in August, when rates rise to about €507 per night.

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

Budget hotels in Madrid are most affordable on Sundays, with average nightly rates around €144. Tuesdays are usually the most expensive, averaging €343 per night.

Which Madrid neighborhoods are most popular to stay in?

Those visiting Madrid tend to stay in Gran Via, where a budget hotel costs around €64/night. Another popular neighborhood in Madrid is Sol, which is €188/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 €28, rising to an average cost of €258, based on searches in the last 72 hours. Prices start from €73 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 51 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 12 November 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 12 November 2025.

Scroll to and zoom in on the areas in Madrid you plan on visiting to find nearby properties. More information on a given hotel can be accessed by clicking the hotel's name within the map.

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 November 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?

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.