Budget areas to stay in Madrid
You can stay central in Madrid without luxury prices by choosing Lavapiés, Argüelles or the streets just south of Atocha, or by staying in a well-reviewed hostal.
Compare hotels: Lavapies, Madrid Flights to Madrid
What a 'hostal' is
In Spain a hostal is a small, simple hotel with private rooms, not a hostel. Many sit on upper floors of central buildings.
Value areas
Lavapiés (walk to Atocha and the museums), Argüelles (direct Metro lines, sunsets at Debod), and Embajadores.
Save more
Visit in July or August for business-hotel discounts, but expect heat. Avoid trade fair dates at IFEMA.
FAQ
When are Madrid hotels cheapest?
Often mid-summer and January, outside big events. Compare dates in the search below.