Madrid has a range of affordable lodging options, from cheap hostels to boutique hotels, in almost every neighborhood. In El Centro, most backpackers’ hostels are found close to Puerta del Sol; they offer cheap beds and shared bathrooms, and many have kitchens and common spaces. South of Puerta del Sol, a number of hostels offer slightly pricier private accommodations with ensuite bathrooms. Despite noise and pedestrian traffic, Gran Vía is also a deceptively good place to stay and is home to some of the city’s best high-end hostels, where doubles offer some of the best value in the city (€50-70). If you’re partying in Chueca and Malasaña, staying in the area at one of the fine private-roomed hostales (inexpensive hotels that sometimes offer dorm options) will eliminate the late-night odyssey back to your bed.

Madrid Accommodations was last modified: May 30th, 2015 by Will Holub-Moorman