Madrid has a great selection of budget accommodation, but booking ahead is usually necessary.
Most hotels have private bathrooms while hostels have shared bathrooms.
At peak times, prices can be pushed up by up to 20% but during lower periods you might find big discounts, especially in the top-hotels. Check the hotel websites for deals or send them an email.
Best Areas to Stay
It is recommended to look for accommodation in the more centrally located barrios such as Centro, Los Austrias, Sol, Huertas, Atocha, Malasana or Chueca.
Budget Accomadation
Los Amigos Sol Backpackers Hostel is a centrally located hostel at Calle de Campomanes 6. Dorm beds with shared bathroom are available from about €17 per night. Tel. +34 91 547 17 07
Cats Hostel is considered a party hostel with an on-site bar. It is located at Calle de Canizares 6, Metro Station: Sol Dorm beds with shared bathroom are available from €16. Tel. +34 91 369 28 07
Hostal Adriano, Calle de la Cruz 26 (4th fl), Metro Station: Sol. Lonely Planet's pick for a cheap but lovely hotel feel hostel accommodation in central Madrid. Single rooms are available from about €45 p.p. per night, double rooms are about €60 per room per night. Tel. +34 91 521 13 39
Finally, for the campers there is Camp Pico de la Miel, 28751 La Cambrera, Madrid Tel: +34 (91) 868 80 82 Fax: +34 (91) 868 85 41. The camp site is located about 2km from the A1. From Burgos exit 60. From Madrid exit 57. Enter La Cabrera Village and follow camp site signs.www.picodelamiel.com
Hotels
Hostal Tijcal II, Calle de la Cruz 26, Metro Station: Sol. Decent but simple and cheap tiny hotel that has been totally refurbished a few years ago. Double rooms are available from €70 per room per night. Tel. +34 91 360 46 28