Affordable hotels in Madrid: discover the city on a budget!

Our cheap hotels in Madrid suit every budget and you won't have to forgot comfort or services when you choose well. NH Hotels are an affordable and stylish solution whether you're planning a business trip, a family vacation or a shopping spree with friends. With close to 30 to choose from in some of the city's most desirable locations, you can always book economical hotels in Madrid that are right for you.

Once best price hotels are taken care of, you're ready to explore. Free walking tours cover landmarks like Puerta del Sol, Gran Vía, Plaza Mayor and the Palacio de Cibeles, Madrid's magnificent city hall. Look out for the Bear and the Madroño Tree Statue that is a city symbol in Puerta del Sol.
Be our guest in this fabulous city and let our front desk teams show you what to do for free or on a Budget in Madrid.

Follow our staff’s recommendations to move around Madrid

The Madrid Metro is one of the largest in the world and all NH Hotels in Madrid offer easy access to stations. 

The NH Madrid Atocha is next to one of Madrid's biggest stations, Atocha, and a great starting location when exploring the city.

Ticket machines have instructions in several languages and announcements are in Spanish and English. You must validate your ticket each time you start a new trip but you can travel as far as you like within the metro zone on any journey. Buses are a cheap alternative. A single ticket is just € 2 or you can enhance your cheap hotel Madrid savings with a combined ticket for 10 bus or metro trips for € 18,30. Madrid’s BiciMAD public transport service is fun as well as cheap. Rent a clean, sustainable electric bicycle from one of 123 stations around the city for € 2 for the first hour and € 4 for each additional hour.

WANT TO EXPLORE SPAIN? NH Madrid Príncipe de Vergara and NH Madrid Balboa offer easy access to the Avenida de América station where buses depart frequently to other parts of Spain.

Free Activities in Madrid: from running in the Retiro to wandering around museums

Take advantage of Madrid and a host of free activities:

• A free walking tour of Madrid with a local guide is a good introduction to the city's history and culture. Spend the day in Retiro Park for free; it's one of the city's top attractions as well as a great place to meet locals or relax with the kids.

Prefer running outdoors? NH Madrid Atocha is next to one of the most runner friendly parks in Madrid, El Retiro.

• A free tour of Madrid will take you the city's beautiful squares or plazas like Plaza Mayor where you can sit and watch the world go by over coffee or tapas.
• A famous museum is a must on a free city tour and both Prado Museum and Reina Sofia Museum, as well as the Sorolla Museum have special free admission periods.

The Avani Alonso Martínez Madrid is just a km away from the Sorolla Museum. Free on Saturday afternoons and all day Sunday!

Best Events in Madrid

Madrid is famous for its colorful festivals and events. Fiestas take place near most cheap hotels in Madrid throughout the year. Most are held between May and November and some of the most popular include Dos de Mayo (2nd of May), San Isidro, La Paloma and La Almudena. Alternatively, visit between June and September for Los Veranos de la Villa, the city's summer arts festival.

Enjoy all of Madrid's traditional holidays at the NH Madrid Ribera del Manzanares, minutes away from the Pradera de San Isidro, Matadero and "La Riviera", one of Madrid's most well known concert venues. Las Ventas is one of Madrid's largest concert venues, and the namesake for the NH Madrid Ventas, a stone throw away.

Festimad and Dcode are music festivals held during May or September. If live concerts aren’t to your taste you can catch top shows like El Rey León or Le Cirque du Soleil at theaters in Gran Vía. The city's New Year celebrations at Sol are among the best in the world while the Madrid Jazz Festival each November attracts music lovers from around the globe.

Ana Marcilla, the hotel front office manager, has told us that the Avani Alonso Martínez Madrid is perfect as it puts you in the heart of Madrid's cultural scene: jazz clubs and theaters are on its doorstep.

Passionate about football

If there is one thing every authentic madrileño has an opinion on its futbol, whether you are a "Colchonero" (Atlético de Madrid fan), or a "Merengue" (Real Madrid fan), any of the stadiums are worth a visit.

NH Paseo de La Habana is a must for the Real Madrid fans (cheaper tickets can be found for Copa del Rey or less popular games).

Visitors can also enjoy 2nd division football in a "neighborly" atmosphere. Rayo Vallecano (Madrid´s third team) fans show true loyalty.

From Cocido to Calamares, whet your appetite in Madrid!

Choosing cheap hotels means that you have more left over to enjoy the city's culinary treats. Tapas, a variety of snacks - normally savory but sometimes sweet - are offered by many Madrid restaurants. Spanish tapas are cheap and filling and you'll often find that a tapas bar provides a free selection when you order drinks. The Spanish are incredibly social, so long, loud meals are normal. Embrace the local tradition and try popular tapas food like patatas bravas with your friends or family or try local dishes like cocido madrileño, a spicy chickpea stew, or bocadillo de calamares, a tasty calamari sandwich, in local Madrid restaurants.

NH Madrid Chamberí is the ideal location to experience Madrid's gastronomic diversity: Calle Ponzano, #ponzaning, offers well over 20 different dining experiences.

A visit to the Mercado de San Fernando is a gourmet's dream and you can stock up on local cheese, olives, wine and chorizo for less at the famous indoor market.