Budget-Friendly Hotels in Madrid City Centre

Compare 118 cheap hotels in central Madrid near Puerta del Sol, Gran Vía & Plaza Mayor. Free WiFi, great breakfasts, and exclusive deals-book now!

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1-50 out of 259
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9.3
Perfect765 total reviews
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86 yd from City Center305 yd from Puerta del Sol
Set in the Madrid City Center district of Madrid, the luxury Four Seasons Hotel is 0.2 miles from Puerta del Sol and has Turkish bath, a hot tub and a sauna onsite.
FromUS$ 858 /nightSelect
9.0
Perfect18663 total reviews
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1314 yd from City Center693 yd from Teatro Real
Located in the Madrid City Center district and within a 5-minute drive of Plaza de Santa Ana, the 4-star smoke free Riu Plaza Espana features 582 rooms plus a swimming pool.
FromUS$ 219 /nightSelect
8.5
Great8450 total reviews
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1032 yd from City Center501 yd from Prado Museum
Thanks to its superb location, the 4-star Radisson Red Madrid is merely 800 feet from Museo Nacional Centro de Arte Reina Sofia and there is a subway station near the 4-star Radisson Red Madrid.
FromUS$ 144 /nightSelect
8.9
Great783 total reviews
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516 yd from City Center244 yd from Puerta del Sol
The 5-star smoke free Edition Madrid with a seasonal outdoor pool is a 25-minute walk from Prado National Museum.
FromUS$ 476 /nightSelect
9.0
Perfect1050 total reviews
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322 yd from City Center230 yd from Puerta del Sol
Set within 750 feet of Gran Via, the 5-star Thompson Madrid, A Hyatt Brand Madrid offers 175 rooms and an outdoor swimming pool.
FromUS$ 468 /nightSelect
8.9
Great744 total reviews
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1253 yd from City Center863 yd from Casino Gran Via I Poker Room
Featuring a setting in a shopping area approximately a 5-minute stroll from Museum of Romanticism, the elegant 5-star Urso Hotel & Spa, A Small Luxury Hotel Of The World includes 78 rooms along with fitness classes, steam baths and massage therapy.
FromUS$ 670 /nightSelect
8.9
Great3471 total reviews
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427 yd from City Center357 yd from Casino Gran Via I Poker Room
Boasting an ideal location in the popular district of Madrid near a subway station, the perfect Principal Madrid, Small Luxury Hotels Madrid features fitness classes and spa therapy on site.
FromUS$ 108 /nightSelect
8.8
Great962 total reviews
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446 yd from City Center388 yd from Prado Museum
Located in the Madrid City Center district of Madrid near a metro station, the 5-star Westin Palace, offers 470 rooms and a music bar.
FromUS$ 420 /nightSelect
8.6
Great2372 total reviews
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766 yd from City Center226 yd from Prado Museum
The eco-friendly Radisson Blu Hotel, Madrid Prado Madrid is situated near the entertainment district of Madrid merely 5 minutes' stroll from Museo Nacional Thyssen-Bornemisza.
FromUS$ 283 /nightSelect
9.0
Perfect6905 total reviews
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1607 yd from City Center567 yd from Atocha Train Station
There are massage therapy and entertainment activities on site and guests can enjoy the à la carte restaurant, while the Only You Hotel Atocha boasts a central location in Madrid.
FromUS$ 178 /nightSelect
8.7
Great1389 total reviews
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315 yd from City Center100 yd from Puerta del Sol
Just a few steps from the 3-star Europa Madrid, there is a train station and guests can easily reach Puerta del Sol which is 600 feet from the 3-star Europa Madrid.
FromUS$ 264 /nightSelect
8.9
Great1065 total reviews
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1571 yd from City Center750 yd from Calle de Serrano
Ideally located in the exclusive district of Madrid and merely 850 feet from Serrano subway station, the exquisite Fenix Gran Melia - The Leading Hotels Of The World Madrid features a treatment room, a hot tub and sauna facilities.
FromUS$ 1 625 /nightSelect
9.4
Perfect7216 total reviews
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147 yd from City Center278 yd from Casino Gran Via I Poker Room
The 4-star smoke free Regina is nestled in the Madrid City Center district, Gran Via is 5 minutes' walk away.
FromUS$ 196 /nightSelect
9.0
Perfect1808 total reviews
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337 yd from City Center357 yd from Plaza de Santa Ana
Positioned near a subway station in the Madrid City Center district of Madrid, the unique 5-star Villa Real Madrid invites you to enjoy sauna facilities and an outdoor swimming pool onsite.
FromUS$ 132 /nightSelect
8.9
Great2623 total reviews
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514 yd from City Center272 yd from Casino Gran Via I Poker Room
Situated around 0.4 miles from the huge Plaza Mayor, the 5-star luxury Hyatt Centric Gran Via features fitness classes, various recreational opportunities and entertainment activities along with 159 rooms.
FromUS$ 373 /nightSelect
8.9
Great1748 total reviews
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1633 yd from City Center471 yd from Calle de Serrano
Boasting a great location, the elegant 5-star Wellington Hotel & Spa Madrid offers its guests to enjoy a swimming pool and an à la carte restaurant.
FromUS$ 744 /nightSelect
8.5
Great5294 total reviews
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482 yd from City Center231 yd from Casino Gran Via I Poker Room
Guests can relax near an outdoor swimming pool of the 4-star Pestana Cr7 Gran Via, that includes 168 rooms within 700 feet of Callao subway station.
FromUS$ 269 /nightSelect
8.9
Great4379 total reviews
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1287 yd from City Center867 yd from Atocha Train Station
While staying at the 4-star Hard Rock Hotel Madrid you are invited to discover Cybele Palace, set nearly a 25-minute stroll away, or Prado National Museum, which is a 17-minute walk away.
FromUS$ 260 /nightSelect
9.2
Perfect4606 total reviews
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595 yd from City Center359 yd from Casino Gran Via I Poker Room
The luxury Atlantico features rooms with views of the city, while an unbeatable location provides access to Palacio de Cristal, which is approximately 10 minutes away by car.
FromUS$ 322 /nightSelect
9.3
Perfect2719 total reviews
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801 yd from City Center540 yd from Casino Gran Via I Poker Room
The 4-star designer Only You Boutique Hotel Madrid is placed 18 minutes by foot from Plaza Mayor and near a metro station.
FromUS$ 288 /nightSelect
8.7
Great2609 total reviews
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1.2 mi from City Center1060 yd from Calle de Serrano
116 rooms and a rooftop swimming pool are available in the 5-star Bless Hotel Madrid - The Leading Hotels Of The World, located an 8-minute stroll from Plaza de Colon.
FromUS$ 503 /nightSelect
8.4
Great2639 total reviews
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286 yd from City Center76 yd from Plaza de Santa Ana
Providing access to Plaza Mayor, the avant-garde Me Madrid Reina Victoria By Melia Madrid is a 25-minute walk from Palacio de Cristal Glasshouse and offers an à la carte restaurant.
FromUS$ 208 /nightSelect
8.5
Great2029 total reviews
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1.0 mi from City Center1179 yd from Teatro Real
Boasting a great location right next to a metro station, the 5-star luxury Melia Madrid Princesa offers guests the chance to relax in a heated pool or in the à la carte restaurant.
FromUS$ 321 /nightSelect
8.7
Great10340 total reviews
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1236 yd from City Center629 yd from Teatro Real
Boasting a plunge pool along with a plunge pool and a solarium, the 4-star boutique Dear Hotel is positioned 9 minutes by foot from Templo de Debod.
FromUS$ 366 /nightSelect
9.4
Perfect1338 total reviews
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110 yd from City Center168 yd from Plaza de Santa Ana
Located 8 minutes' walk from Gran Via in the Madrid City Center district, the comfortable Gran Hotel Ingles - The Leading Hotels Of The World features 48 rooms along with spa therapy and entertainment activities.
FromUS$ 80 /nightSelect
9.3
Perfect427 total reviews
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1.1 mi from City Center1175 yd from Calle de Serrano
The grand 5-star Rosewood Villa Magna offers 150 rooms along with a Turkish steam room, Turkish bath and sauna facilities, boasting a setting close to an expressway.
FromUS$ 1 572 /nightSelect
8.5
Great2711 total reviews
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1022 yd from City Center381 yd from Calle de Serrano
The Petit Palace Savoy Alfonso XII Madrid provides guests with a lounge bar and elegant rooms with views of the patio, while Cybele Palace is set 0.2 miles away.
FromUS$ 191 /nightSelect
9.1
Perfect5400 total reviews
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434 yd from City Center215 yd from Plaza de Santa Ana
The stylish 4-star Catalonia Plaza Mayor Madrid offers 82 rooms and the possibility of relaxation due to a Jacuzzi and a hot tub.
FromUS$ 315 /nightSelect
8.7
Great3166 total reviews
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866 yd from City Center368 yd from Prado Museum
The surrounding area includes El Retiro Park, 7 minutes' walk away, and Banco de Espana subway station 5 minutes' walk from the perfect Petit Palace Lealtad Plaza Madrid.
FromUS$ 226 /nightSelect
9.1
Perfect1180 total reviews
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1.0 mi from City Center791 yd from Calle de Serrano
Offering a bright view, the classic Totem Madrid, A Small Luxury Hotel Of The World has nice rooms along with a cocktail bar, while boasting a location only 7 minutes by foot from National Archaeological Museum.
FromUS$ 106 /nightSelect
8.8
Great5033 total reviews
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1617 yd from City Center733 yd from Teatro Real
Located about 10 minutes' stroll from Royal Palace of Madrid, the Social Hub offers a solarium and an outdoor swimming pool.
FromUS$ 163 /nightSelect
8.8
Great1476 total reviews
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154 yd from City Center270 yd from Plaza de Santa Ana
Located just an 8-minute stroll from Gran Via, fitness classes and hammam are available at the 5-star luxury Urban,A Member Of Design Hotels.
FromUS$ 192 /nightSelect
9.2
Perfect821 total reviews
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394 yd from City Center105 yd from Casino Gran Via I Poker Room
Guests can relax near the outdoor swimming pool of the Montera Madrid, Curio Collection By Hilton, that includes 93 rooms moments from Gran Via subway station.
FromUS$ 461 /nightSelect
8.9
Great529 total reviews
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1.1 mi from City Center1012 yd from Calle de Serrano
Featuring a location in the shopping district of Madrid, the 5-star designer Unico Madrid, Small Luxury Hotels boasts 44 rooms and an à la carte restaurant, within a 5-minute drive of Gran Via.
FromUS$ 285 /nightSelect
8.7
Great4735 total reviews
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554 yd from City Center120 yd from Plaza Mayor
Thanks to its central location, the elegant 4-star Petit Palace Posada Del Peine Madrid is close to Plaza Mayor and there is a subway station near the elegant 4-star Petit Palace Posada Del Peine Madrid.
FromUS$ 331 /nightSelect
9.0
Perfect8600 total reviews
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416 yd from City Center239 yd from Puerta del Sol
The comfortable Liabeny Madrid has an à la carte restaurant specializing in international cuisine and is situated 5 minutes by foot from Gran Via.
FromUS$ 287 /nightSelect
8.4
Great4245 total reviews
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806 yd from City Center158 yd from Plaza Mayor
Boasting setting within walking distance of Retiro Park, the 4-star modern Petit Palace Plaza Mayor offers 65 rooms along with a hydromassage shower and sauna facilities on-site.
FromUS$ 232 /nightSelect
9.1
Perfect270 total reviews
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1.1 mi from City Center1365 yd from Calle de Serrano
Featuring luxurious rooms as well as fitness classes, massage therapy and entertainment program, the 5-star Santo Mauro, A Luxury Collection Hotel, is set in a residential area and 0.9 miles from Gran Via.
FromUS$ 265 /nightSelect
8.6
Great1549 total reviews
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1740 yd from City Center821 yd from Calle de Serrano
Thanks to its major location, the unique 4-star Icon Embassy is within 0.3 miles of Plaza de Colon and there is a subway station near the unique 4-star Icon Embassy.
FromUS$ 313 /nightSelect
9.3
Perfect1944 total reviews
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922 yd from City Center190 yd from Teatro Real
Guests can relax near a rooftop swimming pool of the 5-star Palacio De Los Duques Gran Melia - The Leading Hotels Of The World, that includes 180 rooms 800 feet from Opera subway station.
FromUS$ 624 /nightSelect
8.7
Great4269 total reviews
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1241 yd from City Center879 yd from Casino Gran Via I Poker Room
The boutique Petit Palace Santa Barbara is located 16 miles from Adolfo Suarez Madrid-Barajas airport and nearly a 10-minute stroll from Mejia Lequerica - Hortaleza bus stop.
FromUS$ 290 /nightSelect
8.6
Great2005 total reviews
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With 101 rooms available, you can really enjoy modern facilities at the 3-star Indigo Madrid - Princesa, An Ihg, located around 5 minutes' walk from Arguelles subway station.
FromUS$ 58 /nightSelect
9.3
Perfect3144 total reviews
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268 yd from City Center158 yd from Plaza de Santa Ana
The smoke free Catalonia Las Cortes Madrid, located steps from Puerta del Sol, is also at a proximity to Teatro de la Zarzuela.
FromUS$ 135 /nightSelect
8.9
Great1525 total reviews
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1539 yd from City Center599 yd from Atocha Train Station
While staying at the 4-star Ac Hotel Carlton Madrid By Marriott Madrid you are invited to discover Museo Nacional Thyssen-Bornemisza, set 0.8 miles away, or Palacio de Cristal, which is about a 20-minute walk away.
FromUS$ 85 /nightSelect
8.9
Great2951 total reviews
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575 yd from City Center301 yd from Casino Gran Via I Poker Room
Set an 18-minute walk from El Retiro Park and a near a metro station, the perfect Innside By Melia Madrid Gran Via includes fitness classes and various recreational opportunities.
FromUS$ 344 /nightSelect
8.8
Great3247 total reviews
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446 yd from City Center161 yd from Puerta del Sol
Thanks to its central location, the perfect Petit Palace Puerta Del Sol Madrid is within 0.4 miles of Gran Via and near a subway station.
FromUS$ 360 /nightSelect
9.1
Perfect5682 total reviews
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677 yd from City Center219 yd from Teatro Real
Set approximately 1.6 miles from Calle Ponzano tapas, the Francisco I Boutique Madrid lies in the Madrid City Center district.
FromUS$ 424 /nightSelect
8.9
Great4564 total reviews
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577 yd from City Center184 yd from Casino Gran Via I Poker Room
Comprising 16 rooms in the heart of Madrid, the 4-star 7 Islas lies 10 minutes by car from Temple of Debod.
FromUS$ 278 /nightSelect
8.7
Great326 total reviews
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766 yd from City Center358 yd from Teatro Real
Offering access to a swimming pool, the 4-star Aloft Madrid Gran Via Madrid also provides fitness classes and various recreational opportunities near a metro station and about 0.4 miles from Puerta del Sol.
FromUS$ 232 /nightSelect
8.8
Great9008 total reviews
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632 yd from City Center459 yd from Plaza de Santa Ana
Located 9 minutes by foot from Royal Botanical Garden of Madrid, the Catalonia Atocha is less than an 8-minute walk from Museo Nacional Centro de Arte Reina Sofia.
FromUS$ 122 /nightSelect
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Madrid's city centre offers a wide range of affordable hotels that keep you close to major landmarks like Puerta del Sol, Gran Vía, and Plaza Mayor without straining your budget. Expect rooms with free WiFi, flat-screen TVs, and air conditioning in districts such as Chamberi, Chueca, and the area around Sol. Many properties, like the Petit Palace Puerta del Sol (88/100 guest score) and Room Mate Oscar (87/100), include buffet breakfast and 24-hour reception. Budget travelers typically pay between €60 and €120 per night, with options like Hotel Cortezo (83/100) offering private parking and a rooftop terrace.

For first-time visitors, staying near a metro station is key-San Bernardo (Leonardo Hotel Madrid City Center) and Gran Vía (Petit Palace Tres Cruces) provide easy access. Amenities vary: some hotels offer complimentary bicycle rental, family rooms, or hydromassage showers. The Petit Palace Chueca (89/100) blends historic charm with modern comfort, while Hotel Europa (87/100) features rooms with balconies overlooking Puerta del Sol. Book early for the best rates, and check for gluten-free breakfast options at places like Hotel Cortezo.