Top Tips for Finding Cheap Accommodations in Madrid

Madrid Gran Via Shopping
Madrid Gran Via Shopping

Madrid is one of the best cities in the world and the Capital of Spain. It is one of the busiest cities with a vibrant and lively nightlife and home to multicultural society of travelers, famlies and students.

However, living in the bustling city of Madrid is known to be very expensive. Finding cheap accommodation can be a challenge, especially if you are not a local. However, it is not impossible.

You just need a little ‘street smart’ and a few tips to get you going.

In this article, we look into the top tips for finding cheap accommodations in Madrid. Take a look.


Gran Via Buildings Madrid
Gran Via Buildings Madrid

1. Find an apartment or rental room

Depending on the nature of your travel and the length of your stay, your accommodation choices will vary. However, if you are staying for a long time, finding an apartment or rentals is the best way of finding cheap rooms in Madrid.

Apartments are much cheaper than hotel rooms and offer you some of the luxuries you would have back home. Moreover, you get more freedom while in a rental.

Hotels, on the other hand, can be quite expensive and may cut short your budget for other things.

2. Compare hostel and room prices online

Before making a decision on which room to move into, get an online review of the room. Numerous sites can help you get an estimate of the prices.

By comparing prices, you can settle for the cheapest rooms with functional amenities and facilities. Moreover, it makes it easier for you to budget for your rent and moving costs.

Additionally, online comparison sites will notify you when your ideal rooms are available, or when rooms have a discount.

3. Homestay and couch surfing

If you are in Madrid for a short time, your accommodation is not limited to hotels only. Couch surfing and Homestays are also a great option. They are also perfect for you when on a budget.

Homestays and couch surfing are not only cheap, but they are also an excellent opportunity for you to interact with the locals. Your only requirement would be to have an agreement with the hosts to avoid conflicts during your stay.

4. Travel during the offseason

Madrid gets quite busy during July to September, a time when tourists flock to Spain. During this time, the cost of hotels and rentals significantly increases.

January and February, however, are much better times to travel. The rooms during this period are cheaper and less crowded. You will also enjoy services and amenities at an affordable price.

5. Consider a hostel

While hostels may not sound like your best idea of accommodation, they can be a lifesaver if you are on a budget.

There are numerous hostels in Madrid, all of which are quite cheap. The quality of their amenities varies, and so, you have to be careful which you choose to stay in.


Madrid may not be the cheapest place on earth for accommodations, but with the right tips, you can always get by. Whether you are a tourist, student, businessman, or young family, you can always get a room at an affordable price.

Nonetheless, always remember to check on the quality and location of a room before checking in. Your health and safety matter!

Useful resources:

» Housing Anywhere
» Homestayin
» Holiday Rentals Spain

Tours & Excursions

5 Interesting facts about Madrid

  1. Sitting on a plateau 650 meters above sea level, Madrid is Europe’s highest capital city.
  2. The Prado, Museo Thyssen-Bornemisza and Museo Nacional Centro de Arte Reina Sofia are three art galleries which together form the Golden Triangle of Art.
  3. If you love splashing about in the water head off one of Madrid’s largest water park,  Aquopolis. Located in Villanueva la Canada the park is a perfect place to spend those hot summer days, offering giant slides, wave machines and lots of kids attractions.
  4. Even if you aren’t a footie fan a trip around the Bernabéu Football Stadium is well worth visiting, home of the mighty Real Madrid Football Club, the sheer size and grandeur of the Bernabéu has to be seen to be believed, and that trophy room takes some beating.
  5. Madrid is home of the renowned Warner Brothers Movie World, an impressive park with 5 themed areas, you are guaranteed a fantastic day out here for the whole family.

Getting around Madrid

Madrid Metro
Madrid Metro

The transportation links to Madrid are excellent starting with the internationa airport  Adolfo Suarez , located to the north-east are of the city.  From there, a taxi is always a good option specially if its your first visit, arrive in style passing through central Madrid; ask the driver to take you along the Paseo de la Castellana, the main eight kilometre-long avenue from which all sites in Madrid can be accessed from.

Madrid Metro

Alternatively, Madrid’s underground metro systemMetro de Madrid ) is very good operating a direct line from the airport  – a quick and cheaper way to get to central Madrid. Getting around on the metro is easy enough, the trip from Terminal 4 to Gran Via in central Madrid takes around 35 minutes.

The upgraded metro system is probably the best and most economincal way to travel around Madrid, luckily there are plenty of Metro ticket options to suit everyone.

Multi Public Transport Cards: These can be purchased at any of the ticket machines and cost €2.50

Personal Public Transport Cards: This is a personal card and is not available to purchase at any station.

Multi-Public Transport Cards:  This is a good option for people who use the airport from Terminals T1, T2, T3 and T4.

Tourist Tickets:

ZONE A:  (Municipality of Madrid)  1 Day travel in Zona A is €8.50. - 7 Day travel in Zone A is €35.40

Available Tickets for 1 day to 7 days.

ZONE T: (Community of Madrid) 1 Day travel in Zona T is €17.00. - 7 Day travel in Zone A is €70.80

Available Tickets for 1 day to 7 days.

» Downlad a Metro system map here:

Free Tours of Madrid

There is a FREE walking tour organised by Ogotours every day from 10.45am. Discover the secrets of the great capital city of Spain. This interesting and informative free tours lasts for 2.5 hours and includes some the top attractions in Madrid including the Madrid de los Asturias neighborhood

Meeting Point:  Puerto del Sol.  Time: Every day at 10.45am


Recommended accommodation in Madrid

Luxury High-End

For a luxurious stay in Madrid the 5 star Ritz Hotel is the place to be.  This contemporary hotel is just five minutes from the Prado Musuem, Buen Retiro Park, up-market shopping and many other of the cities top attractions. Elegant rooms and first class service await guests fortunate enough to stay in one of the most emblematic hotels in Spain. Reviewer Rating:

Trip Advisor Reviews

Mid Range

The impressive 5 star Barcelo Torre de Madrid is more high end than mid but offers excellent value for money in this range and well worth mentioning. Situated less than a 10-minute walk from Santo Domingo Metro Station the hotel  provides  a convenient base to explore Madrid. The closet attractions include Malasana, Plaza de Oriente, the Teatro Real, the Royal Palace  and the La Latina district, all just a short walk away.  Reviewer Rating: 9.7

Trip Advisor Reviews

Budget Accommodation

For budget travelers searching for an ideal base in central Madrid the highly rated Pension Salome is an excellent choice. This first class Pension is set in the heart of Madrid close to Santo Domingo Metro Station and is a short walk from Puerta del Sol, La Latina and the Royal Theatre.  Reviewer Rating:  10.0

Trip Advisor Reviews

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