Accommodation - Best place to stay in Madrid

Madrid, a city for all budgets

If you are planning to visit Madrid, one of your first thoughts should be how to choose the best place to stay in Madrid and enjoy your vacations in the capital of Spain to the fullest.

The accommodation offer in Madrid is wide, diverse and for all budgets. That’s why it can make it tricky that you find the right place that fits your style, interests, and budget.

Here you have an insider’s guide to where to stay in Madrid, with my personal recommendations for affordable hotels, apartments and hostels in the city center, as well as the best areas and neighborhoods to stay in Madrid.

No matter the type of accommodation you choose, booking in advance is essential to get the cheapest price. Especially during the peak season from June to September.​

Madrid hotels with a rooftop pool

Madrid is one of the biggest cities in Europe, and the top attractions are spread throughout the city center. It is important to choose the best area to stay in Madrid so you can walk to the main points of interest in the city.

You can easily visit the more distant landmarks due to the efficient public transport in Madrid. It allows you to easily move in the city center no matter the neighborhood where you stay. Public transport will be your ally to visit the best attractions in Madrid.

Where to stay in Madrid

Accommodation outside the main tourist areas will usually be cheaper. However, you need to take into account the costs of transport and especially the waste of time to get to the old town.

If you stay in Madrid city center you will be in the middle of it all. Downtown is cultural, inspiring, and cosmopolitan.

While Madrid is a very safe city, like any urban area, some neighborhoods are better to avoid, especially at night.

Bookstore in Madrid

Best areas to stay in Madrid

My favorite areas to stay in Madrid are:

Madrid’s most historic neighborhood. The Royal Palace, Plaza de Oriente, La Almudena Cathedral, and the Royal Theater are some of the most remarkable landmarks in the Austrias neighborhood.

Besides, the Plaza Mayor is an astonishing construction and one of the most important points of interest in Madrid. This area is also great to eat some tapas and a beer on a terrace enjoying the nice weather in Madrid.

Front side of the The Royal Palace, one of the best landmarks in Madrid

Sol is the most common meeting place for locals and tourists, due to its privileged location, and there are a lot of bars, restaurants, and shops.

Gran Via probably is Madrid’s most famous street. It’s amazing to walk along the street looking at some of the most interesting buildings in the city, like the Metropolis or the Telefonica. I have no doubt this is one of the best zones to stay in Madrid.

Puerta del Sol at Christmas

La Latina occupies the place of the oldest area in Madrid overlapping with the Madrid de los Austrias neighborhood. You will find narrow and winding streets broken up by small squares like Plaza de la Paja or Plaza de San Andrés.

La Latina neighborhood provides tourists with fun and tradition at the same time. La Latina gest very busy during the weekends and is great for socializing. The terraces of the bars and restaurants are always full of a vibrant crowd.

You will enjoy Cava Baja Street, one of the most famous streets for tapas in Madrid.

Casa Lucio in La Latina

Salamanca neighborhood is one of the most exclusive zones in Madrid. It was built as a residential area for the aristocratic classes but nowadays it’s also the focus of high commercial activity.

Streets like Serrano, Goya, Ortega y Gasset, and Claudio Coello are part of Madrid´s Golden Mile. Loewe, Gucci, Louis Vuitton, Prada, Chanel, Carolina Herrera, and Adolfo Domínguez are a few examples of both national and international designer stores you will find in this area.

Puerta de Alcalá

Chueca and Malasaña are great options to consider when you are looking for the best place to stay in Madrid.

Chueca is known worldwide for its tolerant and diverse atmosphere and is Madrid’s main LGBTI neighborhood. You will never get bored in Chueca during the day and night.

Malasaña is one of the city’s trendiest and cosmopolitan areas, a paradise for foodies and hipsters. In this bohemian shopping area, visitors will find lots of fashionable brands, cupcake stores, tattoo parlors, interior design shops, bookshops, and plenty of vintage stores. 

Malasaña is the neighborhood where the underground movement called “Movida Madrileña” (or just “La Movida”) was born, which inspired the culture and arts in Madrid during the eighties.

Malasaña is a trendy and bohemian area, one of the best areas to stay in Madrid

Paseo de la Castellana is one of the longest, widest, and famous streets in Madrid.

Many businesses and major financial centers are located along La Castellana or its immediate proximity. Therefore, this area has excellent connections with Madrid´s old town using public transport, which makes it one of the best places to stay in Madrid.

You will find the tallest skyscrapers, department stores, and the Santiago Bernabeu football stadium, where you can enjoy an unparalleled spectacle watching a Real Madrid soccer match.

Best hotels near Real Madrid Stadium

Chamberi has become one of the Madrid’s most popular areas for eating out. It is a residential area so it is very interesting if you are looking for a quiet zone with plenty of bars and restaurants for dining out.

In my opinion, these are the best zones to stay in Madrid. So, don’t worry if you cannot find a hotel close to the old town. Accommodation in contiguous areas like Chueca, Salamanca, Chamberi, and all along Castellana Street is very well located and communicated too.

These are the best areas to stay in Madrid. I personally recommend Castellana and Princesa – Chamberi – Argüelles for families with kids, and Chueca – Malasaña for groups and young people.

Best hotels in Madrid

In my opinion, having visited many cities in Europe, accommodation in Madrid is quite affordable and has very good quality. You will find big price differences though, depending on the season.

Similar to flights, flexibility and anticipation are essential to finding cheap hotels in Madrid. Consider that most hotels offer free cancellation until 48 hours before the booking date. Besides, try to avoid holidays and peak seasons, and check out my post about the best time to visit Madrid.

I usually find that hotel breakfasts are much more expensive than having breakfast at a local café. Accordingly, unless breakfast is included in the offer, I prefer to pay just for the nights. This is an easy way to save some additional money on your city break to Madrid.

Booking.com, the best hotel price search engine

I always book my accommodation on the recognized website Booking.com, for its good reputation and best price guaranteed. Besides, in most cases, you will not pay anything until your arrival or even departure and you will usually have free cancellation until 48 hours before arrival.

Booking.com is really easy to use, all you need to do is enter your destination, dates, and number of people.

If you have doubts about the location of the hotels, click the “Map View” icon to see all of the properties marked on a map. You can hover over each marker to see which hotel it is.

NH Collection Madrid Eurobuilding is a premium and stylish hotel in Madrid

The best apartments in Madrid

Apartments may be an excellent alternative to a hotel when you are searching for the best place to stay in Madrid. They are as clean as hotels, and they usually are cheaper, more spacious, and have a kitchen, which gives you more flexibility for meals.

You will also have more privacy. I usually stay in apartments on my trips, especially when I travel with my family.

Airbnb, the best platform to search for apartments

Airbnb is one of my favorite alternatives to hotels when I travel and it will help you to find the best apartments in Madrid. Airbnb acts as an intermediary between people looking for a place to stay (guests) and the owners of the property (host).

In order to properly choose your apartment, apart from the price I recommend you to pay attention to the location, the pictures, the amenities, and the house rules. Besides, I usually check the Airbnb Plus verified places and the Airbnb’s top-rated and most experienced hosts (Superhost).

female-only rooms

The best hostels in Madrid

If your budget is a bit tight, you should consider hostels in search of the best place to stay in Madrid.

Staying in a hostel will help you to make the most of your travel budget. They are more basic and have fewer amenities than hotels. They are usually noisier too.

Hostels usually have common areas to hang out and socialize with other travelers. Fans of the hostels believe that staying in a hostel can transform a trip into a more meaningful experience.

In my opinion, hostels are as safe as the other types of accommodation. However, how safe you feel will depend on the people you share the room with and the area where the hostel is located. For female travelers, many hostels offer female-only dorms.

SPREAD THE WORD! PIN THIS TO YOUR TRAVEL PINTEREST BOARDS ↓

If you found my post useful, would you consider sharing it on Pinterest? Click the “Pin It” button to share the full-sized version of the below images.