Budget Hostels from S$68

By going with a hostel, you can reduce your spending on accommodations and set aside more of your budget for sightseeing during your stay. You can check out the monuments and other cultural highlights in this destination, as well as activities like shopping.

No two hostels look the same, but these dorm-style accommodations all feature shared rooms (though many have private options too), budget-friendly prices and a social atmosphere.

Ready to book a hostel? These top picks have the best reviews from our guests and could be a good place to start looking: HOSTEL H8 - Located within a 20-minute walk of Palacio Vistalegre. You can take advantage of free WiFi and free parking, as well as a 24-hour front desk. You’ll find towels, lockers and linens in all rooms. Generator Madrid - Located steps from Lope de Vega Theatre. Guests can enjoy free WiFi, a restaurant and a bar. You’ll find towels, showers and lockers in all rooms. DEBOD HOSTEL - Close to public transport, this property is within a 5-minute walk of Arguelles Station. Guests can enjoy free WiFi, a 24-hour front desk and TV in a common area. Rooms come with towels and linens. Hostel Acacias - Close to public transport, this property is within a 5-minute walk of Acacias Station. Property features include free WiFi. Rooms come with towels, showers and free toiletries. Hostel 165 - Close to public transport, this property is within a 5-minute walk of Conde de Casal Station. You can take advantage of free WiFi and laundry facilities at this property.

If you’re in the market for a low-cost place to stay in Madrid, one of Expedia’s 84 hostels could be a great choice.

Good weather’s definitely a plus when you’re discovering new places, so here’s a little information about the local climate: The hottest months are usually July and August, with an average temperature of 25°C, while the coldest months are January and February, with an average of 7°C. Average annual precipitation for Madrid is 420 mm.

In general, Madrid is known for its monuments, museums and theatres. Major attractions include Puerta del Sol, Plaza Mayor and Gran Via. Get out into nature with places such as El Retiro Park, Sabatini Gardens and Royal Botanical Garden. Cultural attractions include Prado Museum, Teatro Albéniz and Joy Madrid.

Keep this information about transit options in Madrid in your back pocket to make the most of your stay: You can search for flights to the closest airport, which is Madrid (MAD-Adolfo Suárez Madrid-Barajas), located 7.9 mi (12.8 km) away. After you’ve arrived, you might want to use public transport during your trip. You can access metro transport at Sol Station, Gran Via Station and Callao Station. To explore more of the area, take a train from Madrid Recoletos Station, Madrid Principe Pio Station or Madrid (XOC-Atocha Train Station).