How to Make Your Money Go Further in Madrid

Known for its artistic scene and architecture, its football teams and its world-class eateries, Madrid is a must for those seeking a diverse city break. But, as well as being a holiday hotspot, Spain’s capital offers great value for money without sacrificing quality.

If you’re searching for an eclectic trip on a shoestring budget, this guide will show you how to enjoy Madrid without breaking the bank.

Getting around

Madrid is exceptionally well-connected. Most travellers fly into Adolfo Suárez Madrid-Barajas Airport, which has four terminals served by major airlines.

Once you’ve landed, getting into the city is easy and cheap. The most budget-friendly option is the bus, costing only €1.50. Alternatively, there are discounted tickets available for the metro, and both options offer a direct route to central Madrid.

Once in the city, public transport is convenient and inexpensive, but Madrid is also a very walkable city. Strolling its streets means you can take in the beautiful architecture and vibrant atmosphere rather than missing out by being underground on the metro.

Where to stay

Madrid’s central neighbourhoods, including Sol, Gran Via, Chueca, Malasaña, and La Latina, are popular areas with a variety of affordable accommodation options. Hostels, budget hotels, and short-term rental apartments are common, and you can find plenty within walking distance of major attractions.

If you want to make things even easier, consider booking cheap package holidays to Madrid, which often includes flights, hotel, and meals. This type of holiday can take the stress out of budgeting for each day, leaving you free to explore the city without worrying about extra costs.

Things to do

Many of Madrid’s attractions are free to enjoy. A walk around the city’s many plazas and streets is a must, with highlights including the grand architecture of Plaza Mayor and the bustling Puerta del Sol, home to the famous clock at the Casa de Correos. Each year on 31 December, crowds gather to hear the clock chime at midnight.

For a peaceful retreat from the city, visit Retiro Park or Casa de Campo Park, both offering large green spaces for picnics, leisurely walks, or even boat rentals. Don’t miss El Rastro, Madrid’s famous flea market, held every Sunday in the La Latina district, where you can browse everything from antiques to souvenirs.

For something a little unusual, Templo de Debod is a monument that was built in Egypt and offered to Spain as a thankyou for the country’s help with restoring Upper Egypt’s Abu Simbel temples. Stone by stone, it was moved from its original site beside the Nile and rebuilt in Madrid’s Cuartel de la Montaña Park.

Affordable dining

For delicious cuisine on the shoestring, look out for the menu del día offered at most restaurants on weekdays. In many eateries, you can enjoy a multi-course meal complete with dessert, drinks, bread, and coffee for under 10. This is an excellent way to experience local cuisine without overspending.

Tapas are another budget-friendly option. In many bars, particularly away from the main tourist areas like Plaza Mayor or Sol, you’ll often receive free tapas with your drink order. Whether it’s a bowl of olives or a plate of crisps, these little bites can help tide you over between meals without costing a penny.

Avoid dining on terraces or in heavily tourist-focused spots, as they tend to charge higher prices or add fees to your bill. Instead, explore the backstreets and neighbourhoods like La Latina and Malasaña for authentic, affordable meals.

Are you ready to explore Madrid?

Share The Madrid Metropolitan: The only Madrid English language newspaper