Madrid prices


1 EUR = 1.16 USD

Madrid hotel prices

Rating Price (USD)
17.44 - 58.14
24.42 - 77.91
33.72 - 118.60
46.51 - 155.81
117.44 - 300.00

Madrid hostel prices

Type Price (USD)
Hostel bed
13.95 - 30.23

Hotel seasons


Hotels in Madrid are quite popular all year round, but the sizzling months of July and August are actually considered the low season, partly since most Europeans head for beaches during those months.

The peak seasons are those surrounding Christmas and Easter so if you are intending to come then it’s best to book as early as possible. Generally it’s not too difficult to get a hostel bed or hotel room once you arrive in Madrid, though the cheaper and more popular places in the city center do get filled up in advance so you might have to settle for something a bit farther out. Most of spring is crowded here so it’s best to book something if you know when you are coming and in which area you’d like to stay.

Recommended hotels


Hostal Triana

Doubles from €56/night

Our pick: The best cheap and central 3-star hotel in Madrid

Recommended hostels


Barbieri Sol Hostel

Beds from €16/night

Our pick: The best cheap and central hostel in Madrid

Compared to most of the rest of western Europe, Madrid is a bargain. Hotels are reasonably priced and standards are quite high, and hostels are plentiful in the city center for those on a tighter budget. Find the best deals on our recommended Madrid hotels page for great choices that are cheap and have central locations.


The attractions mostly have very reasonable price tags and several of the museums have frequent periods with free admission so the budget traveler can see a lot for very little, as long as they don’t mind the big crowds that always come along with that approach.

Food in Madrid is also refreshingly cheap compared to most of the rest of Europe, and those who like ham will be especially happy here. Tapas joints are all over and budget travelers will have no problem assembling an affordable meal in these social establishments. Drinks also tend to be cheap, especially the beer that is so common at the tapas restaurants and most everywhere else. Good wine can be found in restaurants at very reasonable prices as well, though mixed drinks can be pricey, especially at night clubs and such.

If you want to do the famous sightseeing attractions you might read our Madrid Pass review to see if it would save you time and money.

Madrid attraction prices

Location Description Type Price(USD)
Prado Museum Spain's most famous art museum is a must-see for fans of that sort of thing. adults 17.44
seniors 8.72
Reina Sofía National Museum Madrid's famous modern art museum is worthwhile, and also free to enter on many evenings and Saturday afternoons. Audioguide tours cost more. adults 11.63
Royal Palace This ornate complex where the royalty used to live is very popular and lines can be long. adults 15.12
child 8.14

Madrid transportation prices USD

Taxi from airport to central Madrid 30.23 - 38.37
Metro from airport to central Madrid 5.81
Metro ride in Madrid 1.74 - 2.33
3km taxi ride in Madrid 5.81 - 8.14

Madrid food and drink prices USD

Food type   Price
Budget breakfast Breakfast is often included with hotels and hostels. If not a continental breakfast should be easy to find. 3.49 - 6.98
Budget lunch In Spain the big meal of the day is usually lunch, so see the dinner prices if you're doing that. Ham sandwiches are popular and cheap. 5.81 - 10.47
Budget dinner Tapas places can be great bargains, and many casual dining places are also affordable. 9.30 - 17.44
Tapas (per item) Ordering tapas is complicated at first, with different sizes and styles. Small sizes can add up to a great and cheap meal. 1.16 - 4.65
Beer (glass) A glass of beer can be cheap and refreshing at a tapas place. 1.74 - 4.65
Table wine (glass) Cheap local wine is easy to find at casual restaurants and bars. 1.74 - 4.65
Beer (can, retail) Local lagers are cheap in markets. 0.70 - 1.40

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Madrid facts

Population 3,300,000
Metro area 6,400,000
Time zone UTC+1
Currency Euro
Airports Madrid-Barajas Airport (MAD)

Avg temps & precip


weather advise for AmsterdamWeather advice

Madrid has a famously mild climate most of the year, though summers are known to be blazing hot, often for weeks on end without a break. Humidity during summer isn’t much of a factor, but it’s also not quite a dry desert climate either.

Most people agree that spring and autumn are the nicest times to visit Madrid, both with modest temperatures and not much rain. In fact you’ll be pretty unlucky to encounter much rain in Madrid during any time of the year.

Winters are mild compared to most of Europe, though it does occasionally snow and hover below freezing for a few days in many years.

Sunrise and sunset