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Whether you’re planning to explore Madrid on a budget, or simply craving the opportunity to connect with like-minded travelers, staying at a hostel is the perfect way of experiencing a one-of-a-kind trip to the Spanish capital.
Fortunately, Madrid is a hostel paradise, with options catering to all types of travelers — from ambitious digital nomads to solo travelers and sightseers.
To help you save money, and know exactly where to book before your next trip, we've created a thorough guide to all the very best hostels in Madrid.
A glorious location in the heart of Madrid makes Hostal Charlotte the perfect option for first-time travelers visiting the Spanish capital. The hostel is nestled in the bustling Gran Vía — the city’s most vibrant commercial stretch — within walking distance of Plaza Mayor, the Royal Palace of Madrid, Mercado San Miguel, and other big-name attractions.
Aside from providing travelers with the perfect vantage point for exploring Madrid, Hostal Charlotte features stylish accommodations designed to offer maximum comfort and top-class amenities.
The hostel has 4 types of rooms — double and triple — all equipped with air conditioning, free wifi, flat-screen tv, and a private bathroom. Some even boast a spacious outdoor terrace and graceful views of the city!
Nearby Attractions: Plaza Mayor, Royal Palace of Madrid, Mercado San Miguel, Chocolateria San Ginés
Nearby Metro Stations: Callao, Ópera, Gran Vía, Santo Domingo
Far Home Bernabeu
Photo Credit: Far Home Bernabeu
Located in the Financial District, 10 minutes from the Santiago Bernabéu Stadium, Far Home Bernabéu is a match made in heaven for remote workers. This Madrid hostel boasts a set of stellar amenities, such as free wifi, and 24h computers, for those who need to carry their work while traveling.
Accommodation types range from private rooms to female-only dorms, all equipped with desks, individual lockers, and air conditioning. More superior rooms have a private bathroom and even a breezy terrace from where guests can enjoy the balmy Madrid nights.
Perks of staying at Far Home Bernabeu include tickets to the Santiago Bernabéu tour, available at the 24h reception, and free walking tours of the city.
Address: C. de las Mercedes, 13
Amenities & Services:24h reception, free wifi, washing machine + dryer, outdoor terrace, cycle rent, a free walking tour of the city, female rooms
Nearby Attractions: Santiago Bernabéu Stadium
Nearby Metro Stations: Estrecho
LaNave Madrid
Photo Credit: LaNave Madrid
LaNave is the perfect fit for travelers who value not only low-cost accommodation, but also comfort, style, and a dash of luxury. Self-described as a “poshtel” (a combination of the words posh and hostel), this classy destination aims to make visitors feel right at home — or even better.
There are double rooms, which can be used individually, and family rooms with a capacity for up to four people. All of them have exceptionally comfortable beds, private bathrooms, and free wifi, among other stellar amenities.
Set within a century-old renovated building decorated with antiques from all over Europe, LaNave is well located in the very center of the city, next to some of Madrid’s greenest areas —Jardines de Sabatini, Parque del Oeste, Plaza de España, and the walkway next to the River Manzanares.
Boasting a serene atmosphere, LaNave is not a party hostel, making it a perfect place for families visiting Madrid.
Nearby Attractions: Royal Palace of Madrid, Sabatini Gardens, Plaza de España, Catedral de la Almudena, Plaza Mayor, Museo Cerralbo
Nearby Metro Stations: Príncipe Pio, Plaza de España
Safestay Madrid
Spoiling travelers with a robust lineup of events, Safestay Madrid is one of the best party hostels in the city. They have a lively rooftop terrace, Irreverente, where travelers can connect over a drink — or more —, aside from organizing raucous pub crawls that take guests to enjoy Madrid’s world-famous nightlife.
Boasting a vibrant and young atmosphere, Safestay has several options for budget-friendly accommodations, which range from 6-bed female dorms to 12-bed mixed dorms. Looking for more comfort and privacy? No worries. You can also book yourself a deluxe double room with a private ensuite bathroom.
Nearby Attractions: Museo Arqueologico Nacional, Puerta de Alcalá (Alcalá Gate), Museo Sorolla, Museo de Historia de Madrid
Nearby Metro Station: Bilbao
Bastardo Hostel
Photo Credit: Bastardo Hostel
Centrally located close to the top attractions in Madrid, Bastardo is often regarded as one of the best party hostels in the city. This vibrant and stylish hostel is home to a host of top-caliber events that keep travelers on their toes all year round, meaning you won’t get bored during your stay. Fun activities organized by Bastardo include beer pong competitions, travelers' meetups, their signature “crazy bingo”, and pub crawls.
Whether you’re traveling with a large group of friends or solo, you’re sure to find accommodation that perfectly suits your needs in Bastardo Hostel. You can book yourself a private room, or opt for a family room for 3 or 4, and twin bedrooms where you can sleep with your best friend.
Traveling on a budget? No worries. The shared dormitory with a fully equipped bathroom, bunk beds, and air conditioning will suit you perfectly.
Address: C. de San Mateo, 3
Amenities & Services: Early check-in & late check-out, air conditioning, laundry facilities, kitchen, accessible rooms
Nearby Attractions: Royal Palace of Madrid, Puerta de Alcalá (Alcalá Gate), Plaza Mayor, Gran Vía
Nearby Metro Stations: Callao, Gran Vía, Opera
Generator Madrid
Photo Credit: Generator Madrid
No matter what’s budget, style, and needs, you’re sure to find the perfect accommodation in Generator Madrid. This design-led hostel is set within a former gas station built in the 1930s and is home to well-appointed clean rooms, ranging from deluxe king bedrooms with an en-suite bathroom to shared female rooms with comfy bunk beds.
All dorms feature attractive décor and are supplied with fluffy towels, en-suite facilities, and free wifi.
The hostel also flaunts spacious and well-decorated common areas, such as a vibrant rooftop terrace with stunning views of the city, a bar, a cafe, and even a travel shop.
They have delicious breakfast options in their breakfast rooms and cafes. You can buy it at the reception when you arrive.
Regarded as one of the best Madrid hostels year after year, Generator is located just a short walk from the bustling Gran Vía, in central Madrid, and offers easy access to big-name attractions like the Reina Sofia Museum and El Retiro Park.
Amenities & Services: Free wi-fi, 24-hour reception, female-only dorms, bar, cafe, travel shop, bike hire, café, rooftop terrace
Nearby Attractions: Puerta del Sol Square, and Plaza Mayor
Nearby Metro Stations: Callao, Santo Domingo, Ópera
Ok Hostel Madrid
Photo Credit: OK Hostel Madrid
Nestled in the heart of Madrid, in the vibrant La Latina neighborhood, OK Hostel is a backpacker's paradise that offers the perfect combination of affordability and convenience. Often regarded as the best hostel in Madrid for budget travelers, this affordable hostel puts travelers close to several trendy bars, and eclectic shops.
OK Hostel features a variety of rooms to suit every traveler's needs, including private rooms, mixed and female-only dorms, and even family rooms for those traveling with children.
What makes OK Hostel truly unique is its rooftop terrace, which offers breathtaking views of the city. It's the perfect spot to sip a drink, catch some rays, or mingle with fellow travelers. The hostel also boasts a fully equipped kitchen, a cozy lounge area, and a helpful and friendly staff that's always willing to provide insider tips on Madrid's must-see attractions.
