The best cheap hotels in Madrid

The best and cheap hotels in Madrid may seem difficult to pin point at first glance. However, with this article, we hope to reveal some great hotels at amazing value for money, taking into account their location, comfort and glam factor. Let this guide give you reliable recommendations for your next chic stay in Madrid on budget.

Whether are you visiting Madrid for a few days to continue your trip across the European continent or you choose to stay a good number of days, it is important that you are well located and comfortable, and if it is cheap, well, of course, much better. Let’s take a look at our choices for the best cheap hotels in Madrid.

Praktik Metropol

Modern boutique hotel is known for its comfortable rooms and fantastic location near Gran Vía avenue.

The Praktik Metropol building has been restored in its entirety, maintaining its original elegance and its unmistakable mix of American and French architectural styles.

The interior is characterized by its careful vintage style with Scandinavian touches. Two of the most significant areas of Praktik Metropol are, on the one hand, its wonderful outdoor terrace with a 360 view of the center of Madrid and on the other hand, next to the reception opens a spacious and cozy lounge with sofas, armchairs and tables with large windows to Montera Street. The design and decoration of the Pratkik Metropol is the work of Lázaro Rosa-Violán, a prestigious and renowned interior designer.

Praktik Metropol Hotel Info:

  • Address: Montera 47
  • Subway: Gran Vía (L1), Sol (L1, L2, L3)
  • More info visit web
  • Half price double room with private bathroom: € 60

One Shot Prado 23

It is located in the center of the city, a few meters from Plaza Santa Ana and a short distance from Sol, on Prado Street, in the Las Letras neighborhood, perfect if you want to enjoy friendly, calm and relaxed environment.

One shot Prado belongs to a young chain of boutique hotels with a very careful design and ideal location.

One Shot Prado Hotel Info:

  • Address: Prado Street 23
  • Subway: Antón Martín (L1)
  • Average price for a double room with private bathroom: € 88
  • More info visit web.

Artrip Hotel

Located in the popularly bohemian neighborhood of, Lavapiés a home for a mixture of cultures. Therefore giving a background of rhythm and color to the sorroundings, restaurants, cafes and art galleries. Very close to the main museums of the city and superbly located to explore
the center of Madrid on foot

Artrip hotel itself, is nested in a renovated building of typical Madrid architecture from the 1900s and decorated with modern and cozy touches.

Artrip Hotel Info:

  • Address: Calle Valencia, 11
  • Subway: Lavapiés (L3)
  • Average price for a double room with a private bathroom: € 99
  • More info visit web.

Generator Hostel

Generator hostel is situated in the heart of Madrid, very close to the buzzing Gran Vía boulevard, on the corner of Calle de Silva and Calle de San Bernardo. When going out to the street, you will not be short of options to choose from: cultural centers, artistic offers with musicals a few metres away in Gran Via, the lively bars, as well as trendy restaurants in the city.

It was an old gas station built in 1930 converted into a 5-story building designed with the touch of Generator.

You will feel at home with Spanish-style interiors and a modern and lively design and go up to the rooftop with your cocktail in hand after discovering all that Madrid has to offer or relax and make new friends in your cafeteria.

Generator Hostel Info:

  • Address: Calle San Bernardo, 2
  • Subway: Novitiate (L2)
  • Average price for a double room with a private bathroom: € 49
  • More information visit web.

Notes: All prices indicated are average prices for double rooms, during low season and are subject to changes in high season and holidays.

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