Madrid, the heart and capital of Spain, blends royal grandeur, artistic depth, and a passion for life. From the classical masters of the Prado Museum to the contemporary pioneers at the Reina Sofia, from the bustling crowds of Puerta del Sol to the leisurely afternoons in Retiro Park, this city lets every independent traveler find their own pace. The metro network is the second largest in Europe, and the Express bus gets you from the airport to Atocha Station in just 40 minutes — incredibly convenient.

This guide features 10 great-value accommodations in Madrid, all under TWD 5,000, covering the Puerta del Sol area, Gran Via, Atocha, and Las Ventas — so you can easily explore all of Madrid’s top attractions.

How to Choose Accommodation for Your Madrid Trip?

B&B Hotel Madrid Centro Plaza Mayor

A German chain hotel next to Plaza Mayor with a location score of 9.5. Just a 3-minute walk to Puerta del Sol and 5 minutes to Mercado de San Miguel. Rooms feature a clean, modern style with free Wi-Fi and air conditioning. The complimentary buffet breakfast includes freshly baked bread and coffee — excellent value, making it one of the most popular budget choices in central Madrid.

⭐ Agoda Rating: 9.0 / Booking Rating: 8.8

💰 Reference Price:：TWD 3,200+

👥 Best For:：Travelers seeking consistent quality and complimentary breakfast

🚶 Transit:：3-min walk from L1/L2/L3 Sol Station

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Petit Palace Puerta del Sol

A design boutique hotel directly facing Puerta del Sol, renovated in 2021. Rooms come with free WiFi, bicycle rental service, and capsule coffee machines. Excellent soundproofing, with some room types offering views of Puerta del Sol. With a location score of 9.8, it’s the most central accommodation in Madrid, and the airport bus terminus is right at the doorstep.

⭐ Agoda Rating: 8.9 / Booking Rating: 8.7

💰 Reference Price:：TWD 2,800+

👥 Best For:：Travelers who value ultimate location and design aesthetics

🚶 Transit:：1-min walk from L1/L2/L3 Sol Station

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Hostal Riesco

A family-run guesthouse tucked away in an alley next to Puerta del Sol, with a location score of 9.8. Rooms are small but spotless, equipped with free WiFi and air conditioning. 24-hour front desk service, with the owner personally providing travel tips. A 3-minute walk to Plaza Mayor and Gran Via — exceptional value for a central location.

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⭐ Agoda Rating: 8.7 / Booking Rating: 8.5

💰 Reference Price:：TWD 1,800+

👥 Best For:：Budget travelers seeking the ultimate central location

🚶 Transit:：2-min walk from L1/L2/L3 Sol Station

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SLEEP’N Atocha

A design-focused budget hotel near Atocha Station, just a 5-minute walk from Retiro Park. Designed around the theme of “sleep,” the lobby features a free coffee station and reading nook, while rooms use wood tones and soft lighting to create a relaxing atmosphere. Just 300 meters from the Reina Sofia Museum, it’s an ideal base for art lovers.

⭐ Agoda Rating: 8.9 / Booking Rating: 8.7

💰 Reference Price:：TWD 2,800+

👥 Best For:：Travelers who value design and need high-speed rail access

🚶 Transit:：5-min walk from L1 Atocha Station

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Hotel Mediodia

A budget hotel directly across from Atocha Station — you can spot the hotel sign the moment you step out of the station. The building features 19th-century architecture with a classic exterior, renovated inside with modern amenities. Rooms are spacious and bright, with some offering views of the station’s canopy. For travelers needing early morning high-speed rail to Seville or Barcelona, the location is unbeatable.

⭐ Agoda Rating: 8.8 / Booking Rating: 8.5

💰 Reference Price:：TWD 2,500+

👥 Best For:：Travelers taking high-speed rail who prioritize station proximity

🚶 Transit:：1-min walk from L1 Atocha Station

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Hotel Regina

A four-star business hotel on Atocha Street, just 200 meters from Atocha Station, with a location score of 9.5. Renovated in 2020, the lobby features marble and gold accents for an elegant atmosphere, while rooms come with rainfall showers and capsule coffee machines. Excellent breakfast quality and professional service make it the highest-quality option near Madrid’s southern station.

⭐ Agoda Rating: 9.3 / Booking Rating: 9.0

💰 Reference Price:：TWD 4,200+

👥 Best For:：Business travelers seeking service quality and station convenience

🚶 Transit:：3-min walk from L1 Atocha Station

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Hotel Europa

A century-old hotel directly facing Puerta del Sol, with a perfect location score of 10.0 — one of the most precisely located hotels in Madrid. Step outside to reach the Bear and the Strawberry Tree statue, with Gran Via just a 2-minute walk away. Rooms aren’t spacious but are clean and tidy, and the on-site restaurant serves traditional Spanish cuisine. For travelers who only need a place to sleep between sightseeing, this is irreplaceable.

⭐ Agoda Rating: 8.8 / Booking Rating: 8.6

💰 Reference Price:：TWD 3,000+

👥 Best For:：Independent travelers seeking ultimate location at a moderate budget

🚶 Transit:：1-min walk from L1/L2/L3 Sol Station

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Far Home Gran Via

A design hotel in the heart of Gran Via, just a 5-minute walk from Plaza de Espana. Built around the concept of “home,” the lobby features a free snack area and shared kitchen, while rooms showcase Scandinavian minimalism with vibrant accent walls. The rooftop terrace offers Gran Via skyline views. With a location score of 9.3, it’s the most stylish budget option along Gran Via.

⭐ Agoda Rating: 8.6 / Booking Rating: 8.4

💰 Reference Price:：TWD 2,800+

👥 Best For:：Travelers who love design and value a Gran Via location

🚶 Transit:：5-min walk from L1/L2/L3 Sol Station

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Hotel Liabeny

A four-star hotel tucked in a quiet alley off Gran Via, just 300 meters from Puerta del Sol, with a location score of 9.7. The building is a classic Madrid stone townhouse, with warm wood tones creating a cozy atmosphere inside. Rooms are spacious, equipped with desks and tea/coffee facilities. The hotel features a gym and sauna, with a generous buffet breakfast — the best value quality choice near Gran Via.

⭐ Agoda Rating: 9.0 / Booking Rating: 8.8

💰 Reference Price:：TWD 3,500+

👥 Best For:：Discerning travelers who value quality and a quiet environment

🚶 Transit:：3-min walk from L1/L2/L3 Sol Station

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Sercotel Senator Castellana

A business hotel on Paseo de la Castellana, just 1 km from the Santiago Bernabeu Stadium. Features a rooftop pool and sauna — rare amenities among Madrid hotels. Rooms are decorated in warm tones with ample space. Though not in the tourist core, the L6/L7/L8/L10 interchange at Nuevos Ministerios is a 5-minute walk, providing easy access to both the airport and city center.

⭐ Agoda Rating: 8.5 / Booking Rating: 8.3

💰 Reference Price:：TWD 3,800+

👥 Best For:：Travelers needing business facilities and a pool

🚶 Transit:：5-min walk from L6/L7/L8 Nuevos Ministerios Station

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Note: This article is for reference only. Please check booking platforms for real-time pricing and availability. Some links are affiliate links — booking through them won’t cost you extra, but we earn a small commission to support our site.

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