madrid daily travel expenses

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Madrid price guide | calculating the daily costs to visit madrid.

The daily costs to visit Madrid. How to estimate your budget for food, hostels, hotels, attractions, alcohol & more.

Madrid is the capital of Spain and the country’s biggest city. Best of all, it’s one of the cheaper cities in Western Europe. Pair those reasonable prices with an incredibly lively nightlife scene and beautiful architecture, and well… it’s no surprise it’s one of the most popular tourist destinations in Europe.

In this Madrid travel price guide, we’ll outline the estimated travel expenses for food, accommodation, attractions, alcohol, and other things that you’ll experience when you visit Madrid.

This Madrid Price Guide is part of our  City Price Guide Series  where we break down the travel costs of Europe’s most popular cities.

Average Daily Travel Costs For Madrid

For budget-minded travelers, it costs around €45-€80/day to visit Madrid. These prices are based on what you’ll need to visit the city comfortably as a budget traveler.  If you want to upgrade your accommodations, add another €40-€100/night depending on your stay. These prices also don’t include things like big nights out at the bar/pub, club entry fees, souvenir/clothing shopping, tours, random purchases, nicer food, etc.

DAILY COST OF BUDGET TRAVEL IN MADRID: €74 (APPROX. $80)

• Attractions: €15 (one paid attraction + any free sights)
• Breakfast: €4
• Dinner: €15
• Treat (dessert/beer/wine): €3
• Transportation: €1.50
• Accommodation (hostel): €28

DAILY COST OF FRUGAL TRAVEL IN MADRID: €46 (APPROX. $50)

• Attractions: €6 (free walking tour + visit one of the free sights)
• Breakfast: €2
• Lunch: €5 (ethnic street food, takeaway shop fare, or similar)
• Dinner: €10 (make your own meal in the hostel or grab something cheap)
• Beer (pint): €2
• Transportation: €0 (the city is very walkable)
• Accommodation: €20 (cheap hostel bed)

Madrid Attraction and Museum Prices

Madrid offers a wide range of attractions, and many of them are cheap or even free on certain days of the week. Furthermore, Madrid is a great city for strolling the streets and gawking at the architecture.

• Royal Palace of Madrid :  €12
• Thyssen-Bornemisza Museum :  €13, free on Monday afternoons (noon-4 pm)
• Museo Nacional del Prado :  €15
• Basilica de San Francisco el Grande :  free during mass, €5 guided visit
• Ermita de San Antonio de la Florida :  free
• Walking tour:  Free (but you should tip the guides) or €15–€50 (for paid tours)
• Bike tour:  €22-€35

Check out our in-depth Madrid Travel Guide and our Things To Do in Madrid guide to get a better idea of all that Madrid has to offer! If you plan on visiting multiple attractions you might like the Go Madrid City Pass .

Madrid Food Prices

Like most of southern Europe, Madrid’s food prices are quite reasonable so it’s not too difficult to eat well on a budget. Locals traditionally don’t eat lunch until later in the afternoon so places serving lunch at noon are probably catering to tourists. Similarly, dinner doesn’t start until around 9 pm — so keep that in mind when planning your day and meals.

However, you can usually stop into a bar at any time of the day to feast on cheap tapas. As always, try to scope out where locals go since that is a good sign that the food is good quality. Be especially wary of paella restaurants catering to tourists because they’re notoriously bad.

Another note: While it’s becoming rarer, some tapas bars offer free tapas—as long as you’re buying beer or wine. These places will be crowded but seek them out if you want to save a few euros.

Read more of our strategies for Eating and Drinking in Europe on a Budget .

Budget Breakfast Prices in Madrid: €3–€ 6

• Many hostels will offer a free simple breakfast that normally consists of cereal, bread/croissant, and maybe milk, coffee, tea, or juice (some hostels will offer more and some less).
• A typical Madrid breakfast consists of toast with marmalade and coffee. Churros (long, thin fried doughnuts) with chocolate dipping sauce is another great option if you’re feeling fancy. Expect to pay €3-€5.
• The typical Madrid breakfast is eaten quite early. If you sleep in a bit, you might be more on track for the 11 am snack time. You’ll find more savory options then—such as toasted ham and cheese sandwiches and omelets. The chain restaurant 100 Montaditos has some good options if you’re on a budget. Go ahead and fill up because lunch isn’t until around 2-3 pm. Expect to pay €4-€6.

Budget-Friendly Breakfast Spots

• La Mallorquina : Classic bakery with lots of goodies and coffee.
• Chocolat : Excellent spot for churros and hot chocolate.
• Matilda Cafe Cantina : Cute little breakfast spot with a small but tasty menu.
• Martina Cocina : A cozy spot for coffee and lots of healthy breakfast options.
• Cafelito : Lovely little coffee shop.
• Toma Cafe : Hip coffee joint, complete with avocado toast.
• Pan Adore : Lovely cafe serving up coffee, juice, and a handful of breakfast dishes.
• Sanissimo Opera : Beautiful vegetarian dishes, smoothies, and juices.
• Plenti : Nice coffee and other healthy breakfast/brunch dishes.

Budget Lunch Prices in Madrid : €5-€14

• Lunch is traditionally the largest meal of the day and can include multiple courses, but you can still find some budget-friendly options.
• Super budget travelers can make a cheap lunch of bread, cheese, and fruit from any grocery store for a few euros.
• Pans & Company is a chain “fast-food” restaurant that offers fresh sandwiches and salads. Think of it as the nicer, Spanish version of Subway. You can get a sandwich, drink, and side for €5-€8.
• You can find calamari sandwiches for €3-€6.
• A cheap takeaway meal (like a kebab with fries) will cost about €5-€.
• Lunch at a budget-friendly restaurant/café will run €9-€13+.

BUDGET DINNER Prices in Madrid: €15-€ 25

• Spanish people tend to eat dinner later in the evening, around 9-11 pm. A great way to bridge the hunger gap between lunch and dinner is tapas. You can also sample a few and make a meal out of them. Expect to pay €3-€5/tapas or about €15 for dinner.
• Cocido (Madrid’s famous stew): €18-€30
• You should also be able to find dinner at a restaurant in a less touristy part of town for around €13-€18.
• Many of the options from the Budget Lunch section above also apply to dinner.

Budget-Friendly Lunch and Dinner Restaurants

• Gandario : A bustling tapas bar a bit outside the city center.
• El miniBAR : A super-popular tapas bar. Excellent food.
• Tinto y Tapas : Another popular tapas bar.
• Bocadillos Oink : Tiny hole-in-the-wall sandwich shop specializing in Iberico Jamon sandwiches.
• B13 : Vegan bar food.
• La Sanabresa : Authentic home-style Spanish dishes.
• Taberna Malaspina : Simple but tasty traditional Spanish fare.
• Bar La Campana : Very popular place serving up fried calamari sandwiches.
• Pampa Beef : Delicious and reasonably priced steaks.
• Fiaschetteria La Saletta : Excellent pizza and pasta.
• La Pizzateca : Tasty pizza by the slice.

DRINKS AND ALCOHOL Prices in Madrid

• A pint of standard beer at a bar: €3
• Pint of beer from a grocery store: €1
• Bottle of (drinkable) wine from the grocery store: €5
• Espresso: €1.80

Madrid Transportation Prices

Madrid has an inexpensive and extensive network of subway and bus lines. The major sights are all within about a 20-minute walk from the center of the city so you may not find yourself using public transportation too often.

• Single one-way Metrobús ticket for Metro (subway) and bus: €1.50
• Metrobús 10 journey ticket (valid for use on Metro and bus): €12.20
• 1-day pass: €8.40
• 2-day pass: €14.20
• 3-day pass: €18.40
• 5-day pass: €26.80
• 7-day pass: €35.40
• Bus from airport to city (Airport Express): €5
• Taxi from airport to city: €30 (flat-rate)

Madrid Hostel, Hotel & Rental Apartment Prices

Madrid sees a huge influx of visitors during the summer so it’s recommended that you book your accommodation in advance if you want to have the most options available. That said, accommodation is reasonably affordable and it’s usually good quality.

Hostels Prices in Madrid: €20-€45

The average price of a hostel bed in Madrid starts around €29/night per person for a well-rated property—although many hostels raise their prices on the weekend. Remember, these prices are for a bed in a shared dorm room. Private hostel rooms will cost around €100-€180/night.  Check out the latest hostel prices at  Hostelworld .

The Top Hostels in Madrid:

• Sungate One Hostel
• The Hat Madrid
• OK Hostel Madrid

Check out The Savvy Backpacker’s guide to The Best Hostels in Madrid  to get a more in-depth look at Madrid’s various hostel options.

Budget Hotels Prices in Madrid: €90-€160/night

Budget hotels in central Madrid start around €75/night but the quality gets better at around €100/night. A well-rated budget hotel in Madrid starts at around €130/night. Prices do rise if you book last minute—especially during the summer.

We suggest checking out  Booking.com  to see hotel prices for your dates since they’re always changing.

Rental Apartment Prices in Madrid: €80-€140+/night

Madrid has plenty of rental apartments. They can be a good option for large groups or travelers who want a little more space (and a kitchen). On the other hand, you may also have to deal with inconvenient check-in processes and things like extra cleaning fees and service charges. For short stays, we prefer hotels/hostels but rental apartments can be a nice option for longer stays. Airbnb is always popular but you can sometimes find cheaper/better options on our list of  Airbnb Alternatives .

More Europe Travel Costs

Check out our guide on  How Much It Costs To Backpack Europe  to learn more about budgeting your entire trip (including many more city price guides).

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Madrid Travel Costs and Prices

Prices in Madrid are slightly less expensive than in most European cities , especially compared to towns like Florence , Amsterdam or Vienna .

In Spain’s capital, it is relatively easy to find a good hotel for an affordable price and the public transport system is inexpensive.

Although the entrance tickets to the city’s museums and art galleries are quite costly, most of them also offer free entry at certain times of the day.

Some examples

Below is a list with examples of prices in Madrid:

Food and drink

• Latte : € 1.25 ( US$ 1.30)
• Small draft beer (caña) : € 1.50 ( US$ 1.60)
• Set menu in a “normal” restaurant : € 15 ( US$ 16.10)
• McDonald’s menu : € 8.50 ( US$ 9.10)
• Single metro ticket : € 1.50 ( US$ 1.60)
• 10-journey ticket for the metro and urban buses : € 12.20 ( US$ 13.10) (plus a € 2.50 ( US$ 2.70) one-time fee for the metro card, Zone A only)
• Taxi from the Barajas Airport to the city centre : € 30 ( US$ 32.10)

Accommodation

• A double room in a city-centre hotel : minimum € 60 ( US$ 64.30) (approx.).

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Is Madrid Expensive? A Madrid Trip Cost Guide

Last Updated on November 13, 2023

by Maggie Turansky

Disclaimer: This article contains affiliate links. That means if you click a link and make a purchase, we may make a small commission. As an Amazon Associate we earn from qualifying purchases. For more information, see our privacy policy.

Is Madrid expensive to visit? As one of Europe’s largest cities and a thriving metropolis, you would be forgiven for thinking that the Spanish capital may be a pricey place for a holiday. However, depending on how and where you spend your money, your general Madrid trip cost doesn’t have to be too high.

Even if you plan to visit plenty of tapas bars, browse through a range of world-class art museums, take in iconic sites and experience the market culture – all of this is accessible to those travelling on tight budgets. Madrid can be an affordable city to visit if you plan in advance and are aware of how much things cost.

Madrid doesn’t have to be an expensive place to visit, with an average daily cost of €65-240 (roughly $69-256 USD) per person per day. There are also ways to spend less or more depending on your personal budget and travel style.

So, if you’re planning to visit Madrid , this guide will break down the average prices of accommodation, transport, food, activities and entertainment so you know how much things will cost on your trip to Spain’s exciting capital city!

Table of Contents

Madrid Trip Cost Guide

Accommodation prices.

The first thing that you potentially need to consider is the cost of accommodation in Madrid. There are a lot of different options available depending on what you’re after – and your budget.

Options range from a bed in a hostel dorm, a double room in a mid-range hotel, private apartment rentals and luxury hotels. Madrid offers it all and, in general, you will be able to find suitable accommodation for your budget.

On the low end, there are countless hostels such as The Hat Madrid that can be great for backpackers and solo travellers looking to save some cash and meet others.

Expect a bed in a dorm room to start at around €30 per night and for prices to go up from there depending on the number of beds, if the room is en suite etc. A hostel, in general, is the most budget-friendly accommodation option.

Mid-range visitors looking for a basic, central hotel room such as in Hostal Foster will find that most rooms in the city centre another popular Madrid barrios to stay in average around €100-150 per night depending on the season, location and demand.

If you’re interested in staying in a private apartment rental, then a one-bedroom apartment in a central neighbourhood will cost around the same.

There are also plenty of luxury hotels such as Only YOU Boutique Hotel  scattered throughout the city that are a great option for those looking for an upmarket stay in the city.

These, as well, can range in price depending on location, availability and season, however, expect the average cost of a luxury hotel room to start at €250-300 per night and to go up from there.

On average, whether you’re travelling solo and staying in a hostel dorm or splitting the cost of a hotel room between two, plan to spend about €30-150 per person per day on accommodation while visiting Madrid.

Transportation Prices

Now that we’ve outlined the rough accommodation costs in Madrid, we need to discuss how much you should expect to spend on transportation.

Madrid is a massive, spread-out metropolis and it is unrealistic to assume you can walk everywhere you need to go. However, it is also blessed with an excellent public transport system including extensive buses and a vast metro and train network.

Madrid’s public transit is affordable and reliable and if you’re staying in or close to the city centre, there is no reason that you will ever need a vehicle of your own.

But how much does this amazing public transportation system cost? Well, there are a few different answers to that question. The most simple answer is, unless you are taking the metro to the airport (where you will have to pay a supplementary cost), then a single journey on the metro or bus will cost €1.50-2, depending on which zone you’re travelling in.

It is worth noting that you do need to purchase a Multi Card (Tarjeta Multi) for a flat fee of €2.50 before you can get any transit tickets. You can actually share this card between people, so you only need to purchase one per party, not one per person.

Now, this is where things get a bit more complicated. For instance, if you’re a visitor in Madrid for longer than a day or and plan to use the metro a fair amount, it makes little financial sense to purchase a single-journey fare every time you ride.

Instead of this, you can purchase a 10-journey ticket that will cost you €12.20. This works out to €1.22 per journey – and keep in mind that it can be shared between people.

Madrid is an easy city to get around by public transportation and by foot, and if you’re trying to cut down on your total daily travel budget, then that is all the transportation you might need. However, it is worth knowing that taxis and Uber are available in the city as well.

Using both of these services frequently can work out to be fairly expensive, however, so if you’re trying to save money in Madrid, I would recommend relying on the bus, the metro, or your humble feet for transport instead.

Another thing to consider is if you’re planning on going on any day trips from Madrid because this can factor into your daily transport costs. You can reach popular towns like Toledo , Segovia and Ávila within an hour or so on the train, but this does cost a bit. Expect a basic return train journey to a city like Toledo or Segovia to cost about €20 per person. You  can pre-book trains here . 

In general, if you plan to use public transport to get around Madrid itself and also plan to take a day trip out of the city, then plan to spend about €5-10 per person per day during your trip to the Spanish capital.

Food Prices

One of the top things to consider when planning a trip to the capital of Spain is the cost of food. And while Spain — including its capital city — is known for its affordable food, it’s still a good idea to know how much to expect to spend on meals in the city, especially if you’re trying to visit Madrid on a budget.

Madrid, and Spain in general, is a foodie heaven. Madrid boasts an incredible local cuisine and, due to the fact that it is very much an international city, you can get just about every kind of food you would like here as well.

Madrid is also famous for its tapas culture and you truly wouldn’t experience the city to its full potential if you didn’t take advantage of the scene often – it’s definitely one of the best things to do in Madrid!

However, eating out frequently can definitely add up. If you like eating out but want to make sure you get your best value for money, then I would recommend setting your sites on lunch rather than dinner.

In Spanish culture, lunch is the biggest meal of the day and most local restaurants offer incredible deals on a menu del día or daily menu.

If you stray away from a touristy restaurant, you can expect to pay between €10-15 for a massive meal that includes a glass of wine or beer (or a soft drink), a large first course (usually a salad or soup), hot second course, and either a dessert or coffee.

Most restaurants will typically only offer a set menu on Monday-Friday, however, there are definitely restaurants that offer the same thing on weekends as well, though it is often a bit more expensive.

Eating and drinking in Madrid is inextricably linked, and we’ll discuss drink prices in the “entertainment” section, however, it’s worth noting that in more local Madrid bars, you will often get a small tapa with a drink order. This is normally a couple of croquetas or some anchovies, however, can be as large as a slice of tortilla. It depends on where you go.

If you’re keen to head out for tapas, again, these can vary in price. A small tapa that isn’t included with a drink order like a slice of tortilla or patatas bravas will likely only cost about €3-4. However, if you plan to eat a bit more and order some raciones, or larger portions, expect to pay between €8-12 depending on what is in the dish.

The more local and less trendy the place, the less expensive it is bound to be. Keep in mind that you can also order half-portions (or media raciones) in many bars and this will be the size between a full ración and a tapa. They tend to be a couple of euros cheaper than a full portion.l

Those who want to cook their own meals here and there will find that there are ample supermarkets scattered throughout the city, however, if you truly want to immerse yourself in the Madrileño culture, then shopping at the local mercados (though not the Mercado de San Miguel, which is a tapas market more catered toward tourists) is a far better thing to do.

Not only will you support the local economy, but you will also be able to really see what Spanish life is all about.

Also, the quality of products at the local market are normally a lot better than at the supermarket and you can also pause to have a glass of wine or a vermouth while in the middle of your shopping!

All in all, even if you plan to eat out frequently, you don’t need to plan to spend more than about €15-25 per person per day on food.

Activity Prices

If you’re visiting Madrid, it is a given that you’re going to want to go out and experience the city. And oftentimes, unfortunately, that can cost money. But how much of an impact will recreational activities have on your overall costs of visiting the Spanish capital? Well, it doesn’t have to be much.

Madrid is a city where it isn’t entirely necessary to spend a lot of money out to enjoy yourself. However, if you are interested in perhaps taking advantage of some of the many museums in the city, that can set you back a few euros. However, it doesn’t have to.

The three most famous museums in Madrid — the Prado , the Reina Sofia , and the Thyssen museums — all charge roughly €10 for adult entry. However, it is less expensive to book your entry online in advance where you can save a couple of euros and you are unlikely to have to queue for a long time.

However, if you want to visit these museums and not pay a dime, have a look on their respective websites, as there are numerous hours when entry is free.

Though it can vary from museum to museum, in general, you can expect entry Sunday afternoons to be free of charge along with the last two opening hours on weekdays. This is an excellent way to experience the amazing art these museums have to offer even if you’re living on a shoestring budget.

If you want to go on a walking tour of the city, then it can be a great option to head out on one of the many free walking tours to be found in Madrid. While the tours themselves are free, you are expected to tip the guide at the end, so plan to spend at least €10-15 per person for this.

Those who would rather go on a paid walking tour , expect this to be a bit more expensive at around €25 per person. The same kind of price applies to football fans who may want to tour Bernabeu Stadium.

There are also other attractions in Madrid that charge entry fees, like the Palacio Real (Royal Palace) but prices can vary depending on the ticket option you purchase.

And foodies who would like to have a local guide take them to some excellent spots around the city will find that food and tapas tours of the city clock in at around €70-80 per person.

In general, it depends on what kind of activities you plan to do in Madrid to figure out how much you want to budget.

On the low end – and this is assuming that you don’t take advantage of any free entry times for museums – expect to pay about €10 per person per day on activities. On the upper end, budget around €40 per person per day.

Entertainment Prices

If Madrid is known for anything, it is for its thriving tapas and nightlife scene that can span into the wee hours of the morning.

If you don’t care much for sleep and fancy a nocturnal lifestyle, then Madrid is one of the perfect cities for you. And another fantastic thing is that it doesn’t have to cost a lot to drink in the Spanish capital.

Honestly, if you stray away from hard liquor, drinking in Madrid can be positively cheap, which is good news for those wine lovers out there. On average, a basic glass of domestic wine at a restaurant or bar will set you back somewhere around €2.50.

Obviously, depending on where you’re drinking and what type of establishment you’re in, this can vary within a couple of euros. All in, however, it is rare for a wine , beer, or vermouth to cost less than around €1.75 or more than about €3.50 per glass.

Keep in mind that you also frequently get some free tapas with a drink purchase in Madrid bars, so it’s really excellent value for money!

If you’re after something a bit more strong than wine or beer, then know that, like pretty much everywhere else in the world, cocktails and spirits tend to cost more. Again, depending on the neighbourhood and the type of bar, prices for cocktails can vary.

However, if you want to get a basic cocktail from a neighbourhood bar outside of a trendy nightlife area, expect them to cost about €4-5 per drink. In a more hip or posh neighbourhood, cocktails will cost closer to €7-8 per drink.

If drinking isn’t necessarily your thing, you will be happy to know that there are ample places to get a coffee in Madrid and a daily coffee habit won’t honestly take much out of your total cost of living in Madrid. If you want to get an espresso drink, expect it to clock in around €1.50-2 depending on where you are.

It can also be a popular option to go and see a flamenco show in Madrid. Though the art form doesn’t originate from Spain’s capital (you’re going to have to head to Seville or Granada for that!), there are plenty of tablaos where you can see a traditional flamenco show . Expect a performance (with a drink included) to cost around €25 per person.

In general, bouncing from bar to bar and sampling tapas is an unmissable part of any trip to Madrid and if you plan to do this somewhat frequently, then plan to spend about €5-15 per person per day on entertainment.

Average Madrid Trip Cost

So is Madrid expensive to visit? With the above categories considered, this is an average breakdown of travel costs when visiting Madrid. This is assuming that some costs, such as accommodation, are split between two people.

Accommodation : €30-150

Transportation : €5-10

Food : €15-25

Activities : €10-40

Entertainment : €5-15

On average, plan to spend between €65 and €240 per person per day when visiting Madrid. Obviously, this can be increased if your budget allows for it. It’s also possible to cut costs in certain areas if you’re trying to visit on even more of a shoestring.

Madrid is one of Western Europe’s more affordable cities and spending a few days here doesn’t need to break the bank. Even if you’re on a tight budget, it is definitely possible to experience Madrid to its full potential!

Are you planning to visit Madrid? Have any questions about the prices in the city? Let us know in the comments!

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About Maggie Turansky

Maggie is a co-founder and writer for The World Was Here First. Originally from the US, she has lived in five different countries and has travelled to dozens more, both solo and with her partner, Michael. She particularly loves exploring Spain and spending time in the Caucasus and the Baltics. Read more about Maggie

Hello Maggie, Thank you for your wonderful and very informative article. I want to know if it is easy to commute on bicycle in Madrid? Is it a common thing in Madrid?

Hi Thea, thanks for your comment! You can definitely commute on a bicycle in Madrid and many people do so, however, it isn’t as bike-friendly as other Spanish cities. It’s pretty hilly in parts and the infrastructure for cyclists isn’t super well-developed.

The info on expenses in Madrid was very helpful. Im making plans to live in Madrid for a year. I do need info on real estate companies to help with finding rentals and best bank. Any info on places to look would be greatly appreciated.

Glad you found this article helpful, Christine. Unfortunately, I don’t have any good advice for finding real estate companies or banks

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Cost of a Trip to Madrid, ES & the Cheapest Time to Visit Madrid

The average price of a 7-day trip to Madrid is $1,274 for a solo traveler, $2,288 for a couple, and $4,290 for a family of 4 . Madrid hotels range from $51 to $213 per night with an average of $83, while most vacation rentals will cost $190 to $470 per night for the entire home. Average worldwide flight costs to Adolfo Suarez Madrid Barajas Airport ( MAD ) are between $604 and $951 per person for economy flights and $1,895 to $2,984 for first class. Depending on activities, we recommend budgeting $33 to $78 per person per day for transportation and enjoying local restaurants.

See below for average , budget , and luxury trip costs. You can also look up flight costs from your airport for more tailored flight pricing.

The Cheapest Times to Visit Madrid, ES

On average, these will be the cheapest dates to fly to MAD and stay in a Madrid hotel:

• January 1st to April 1st
• April 23rd to May 13th (except the week of April 30th)
• October 1st to December 16th

The absolute cheapest time to take a vacation in Madrid is usually mid November .

Average Madrid Trip Costs

Average solo traveler.

The average cost for one person to visit Madrid for a week is $918-$1,962 ($131-$280 per day)

Food, Travel, and Sightseeing : $33 to $78 per day for one person’s daily expenses

Flights : $333 to $780 for economy

Lodging : $59 to $72 per night for one 2 or 3-star hotel room

or $86 to $106 per night for a 1-bed vacation rental

Average Couple’s Trip

The average cost for a couple to visit Madrid for a week is $2,024-$3,630 ($289-$519 per day)

Food, Travel, and Sightseeing : $66 to $156 per day for two people’s daily expenses

Flights : $666 to $1,560 for economy

Average Family Vacation

The average cost for 4 people to visit Madrid for a week is $2,964-$6,324 ($423-$903 per day)

Food, Travel, and Sightseeing : $132 to $312 per day for four people’s daily expenses

Flights : $1,332 to $3,120 for economy

Lodging : $118 to $144 per night for two 2 or 3-star hotel rooms

or $120 to $170 per night for a 2-bed vacation rental

Traveling Cheap to Madrid

How cheap can you make a vacation to Madrid? The cheapest trip to Madrid is about $84 per person per day for travelers willing to take standby flights, deal with inconvenience, and otherwise limit travel expenses. About 1% of rentals are available in the $0 to $100 range for an entire place, and vacation rentals can be booked for as low as $21 per night. These inexpensive rentals must be booked as early as possible and may not be in the most desirable areas. 1-star hotels are more likely to be available, with rooms starting at around $41.

Even cheaper trips are possible depending on where you live and whether you can drive. Check the cheapest times to fly for more saving ideas.

Budget Solo Traveler

The lowest cost for one person to visit Madrid for a week is $585-$1,338 ($84-$191 per day)

Food, Travel, and Sightseeing : $18 to $36 per day for one person’s daily expenses

Lodging : $41 to $51 per night for one 1-star hotel room

or $21 to $51 per night for a 1-bed vacation rental

Budget Couple’s Trip

The lowest cost for a couple to visit Madrid for a week is $1,044-$2,370 ($149-$339 per day)

Food, Travel, and Sightseeing : $36 to $72 per day for two people’s daily expenses

Budget Family Vacation

The lowest cost for 4 people to visit Madrid for a week is $2,028-$4,740 ($290-$677 per day)

Food, Travel, and Sightseeing : $72 to $144 per day for four people’s daily expenses

Lodging : $82 to $102 per night for two 1-star hotel rooms

or $32 to $82 per night for a 2-bed vacation rental

Overall it is very possible to travel to Madrid cheaply.

The Cost of a Luxury Madrid Trip

There is no true ceiling on the cost of a luxury trip, so our estimates are based on what most people do in Madrid.

Luxury Solo Traveler

The high-end price for one person to visit Madrid for a week is $1,967-$8,122 ($281-$1,160 per day)

Food, Travel, and Sightseeing : $59 to $172 per day for one person’s daily expenses

Flights : $912 to $1,560 for first class

Lodging : $107 to $213 per night for one 4 or 5-star hotel room

or $470 to $893 per night for a preferred vacation rental

Luxury Couple’s Trip

The high-end price for a couple to visit Madrid for a week is $3,292-$10,886 ($470-$1,555 per day)

Food, Travel, and Sightseeing : $118 to $344 per day for two people’s daily expenses

Flights : $1,824 to $3,120 for first class

Luxury Family Vacation

The high-end price for 4 people to visit Madrid for a week is $6,584-$19,096 ($941-$2,728 per day)

Food, Travel, and Sightseeing : $236 to $688 per day for four people’s daily expenses

Flights : $3,648 to $6,240 for first class

Lodging : $214 to $426 per night for two 4 or 5-star hotel rooms

or $705 to $1,340 per night for a preferred vacation rental

Madrid Hotel Prices

The cost of staying in Madrid is slightly lower than the average city. On average hotels are less expensive than vacation rentals. Luxury vacation rentals are more expensive in Madrid due to very high property costs. The graphs below show how much cost can vary depending on the type of experience you’re looking for.

Madrid Lodging Cost by Star Status

The average price for the class of hotel is on the (y) axis. The hotel class (out of 5 stars) is on the (x) axis.

Prices are based on Madrid hotel averages and may not reflect current prices. In some cases, we extrapolate prices to estimate costs, and hotels with your desired star rating may not be available.

Vacation Rental Prices

The percent of vacation rentals in the price range is on the left (y) axis. Price range is on the bottom (x) axis.

There are a healthy amount of vacation rentals serving all budgets in Madrid.

Flight Costs to Madrid

Averaging flights around the world, prices go from a high of $951 average in early August to a low of $604 in mid November. Median flight price is $734. These prices are based on millions of flights. For Madrid our data includes 466 originating airports, and 191 airlines. The area has more variance in price compared with other locations. Flying to Madrid from an airport like Stewart International ( SWF ) in Newburgh/Poughkeepsie, NY (the United States) for an average $7,706 trip fare will obviously cost a lot more than from an airport like Ibiza ( IBZ ) in Ibiza (Spain) at an average of just $62.

Average Flight Cost by Season

Average flight cost by day of week.

The cheapest day to fly in is typically Tuesday, and the cheapest day to fly back is usually Tuesday. Click here to see data for the cost of flights from your airport. In Madrid, the difference between the cheapest and the most expensive week is about $347, so you can easily save about 57% simply by using our free flight guides and booking in advance.

Daily Expenses Budget

Daily vacation expenses vary more based on what you’re interested in doing. A fine dining restaurant with drinks around Madrid can easily cost $270 per person or more, while a standard nice meal might be about $18 per person. Private tours can cost $542 per day, but self-guided tours to see the outdoor sights can be free. Costs vary wildly, so recommendations are made based on the cost of living and averages we see for this type of vacation.

Other Madrid Guides

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Madrid Prices & Travel Costs

Spain’s capital has a reputation for amazing food and nightlife, but there is much more to Madrid that that. This is a huge city with a royal palace and one of the world’s top art museums, along with a modern way of life that should be experienced at least once by any visitor to Spain. When planning an itinerary for a first trip to Spain , Madrid should be on it.

Is Madrid Expensive or Cheap?

While Barcelona has become more popular in recent years, Madrid is still the classic Spain destination and should be included on your first visit to the country. As the capital and almost literal center of the country, this is the most Spain you can get and you won’t be disappointed.

Travel Costs to Madrid

Accommodation costs 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.

Check Madrid hotels

Madrid 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.

Madrid Hotel Prices

Recommended hotels, madrid hostels prices, recommended hostels, madrid attractions prices.

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.

The Royal Palace and the Prado Museum are among the top draws, and both are highly recommended for your first visit.

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.

Best tours in Madrid

The hop-on, hop-off bus tours of Madrid are quite good and a great way to get oriented on your first full day in the city.

The free (tips-based) walking tours are also great since so much of the city center is more easily seen on foot than in a vehicle.

Madrid Food and Drink Prices

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.

Featured articles

Madrid transport prices, getting to madrid.

Madrid’s airport is huge and it has decent fares on flights from within Europe as well as from North America and Asia.

If you fly into Barcelona or another major Spanish city you can also arrive by high-speed train. Book well in advance for cheaper fares.

Getting around Madrid

Madrid is mostly flat and it’s a great walking city, especially if you are staying somewhere in the tourist center.

They also have a Metro system that connects the city center with the suburbs as well as the airport.

Taxis are reasonably priced, although knowing some Spanish helps with that.

When to visit Madrid

Temperature and rainfall, madrid weather 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

Where to go before and after.

Madrid on a Budget: What Does a Trip to Madrid Cost?

Planning to visit Madrid on a budget and wondering how much money you need to pull it off?

Spain’s capital city makes for a wonderful trip: the city is laid-back, livable, and packed with delicious and affordable food options like tapas and churros con chocolate.

As a result, visiting Madrid on a small budget is not only possible, it’s a delight.

This Madrid travel budget guide reflects our spending on our first trip to the city.

At the time, we were starting our 6-month RTW trip (Madrid was our very first stop!), so we were particularly cognizant of our travel costs–every penny we spent was a penny sooner we knew we’d have to go home.

The Madrid trip costs outlined here represent our time spent backpacking Spain on what we would consider a flashpacker budget.

Basically, no to dorm rooms, but also no to major luxuries.

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On this trip, we spent 4 full days in the city, averaging a total Madrid travel budget of $134.50/day for two people, or $67.25 per person, per day. This added up to a total cost of $548.03 for our visit.

If you’re planning a trip to the city soon, these prices will give you a solid idea of how much you may need to set aside for a travel budget for Madrid.

All prices for our trip to Madrid costs are listed in USD unless otherwise noted, and, as usual for our travel budget roundups, we don’t include the costs of entering or leaving the city here, as those expenses can vary so dramatically depending on your starting point.

Our Lodging Costs in Madrid

Total: $295.00 for 5 nights, or $59/night..

In Madrid we rented a private flat for 5 nights, booked via Airbnb.

If you’re looking for where to stay in Madrid , you’ll find there are plenty of amazing neighborhoods to choose from!

Our Transportation Expenses in Madrid

Total: $51.62.

This Madrid travel budget category includes metro tickets to/from the airport, bus tickets to/from Toledo , and metro tickets to reach the bus station.

In general, we found Madrid to be incredibly walkable, and as a result, didn’t feel the need to use much public transportation.

Our Restaurant Travel Budget for Madrid

Total: $93.39.

We didn’t eat out much during this trip, preferring to cook in our Airbnb apartment to stay on budget.

We did have one breakfast with Spanish coffee to die for (Spanish tortilla is not like Latin American tortillas, but order it anyway– Spanish ham is also delicious), and one passable lunch in Toledo in restaurants in Madrid

We also enjoyed an incredible array of food at Mercado San Miguel and almost $20 worth of churros and chocolate (not even a little bit sorry–these delicacies belong on any Spain bucket list ).

Our Grocery Expenses in M adrid

Total: $24.73.

We found groceries to be perfectly reasonable for trying to travel Madrid on a budget.

This covered a loaf of bread, 4 rolls, a package of strawberries, 4 apples, a pack of ham, a pack of sliced cheese, a bag of shredded cheese, a dozen eggs, and more butter than we could use in four days.

Oh, and two big bags of potato chips as a splurge.

Tours + Excursions in Madrid on a Budget

Total: $59.33.

While we didn’t book any organized day trips or pricey private tours when exploring Madrid on a budget, we did enjoy taking a few affordable tours while in Madrid.

The expenses outlined in this Madrid budget category include 3 tours: our “free” walking tour (we tipped the guide 10 well-deserved Euros), a 2.5-hour Spanish Inquisition tour (we learned a lot, definitely recommend taking one if you are interested in the subject), and a hop-on/hop-off tour in Toledo.

We also took advantage of free admission hours to enjoy the Prado one evening.

There are so many amazing things to do in Madrid , both for free and not–on a return visit, I could see us splurging a bit more!

Miscellaneous Madrid Travel Budget Expenses

Total: $23.96.

The expenses in this Madrid travel budget category include $4.56 for an umbrella that we bought from a street vendor, and just under $20 for me to buy two pairs of harem pants at El Rastro.

(Update: those pants ended up lasting 5 years, so as it turns out, they were quite the bargain!).

Our General Impression of Traveling Madrid on a Budget

We spent 4 full days in Madrid, landing late in the evening on our arrival day and leaving early in the morning on our departure day.

This budget includes absolutely everything–every penny we spent –and we walked away feeling like Madrid is absolutely worth visiting (enough that we’ve returned several times since).

Our inexpensive groceries fed us enough meals to drastically reduce what we would have spent eating out regularly, which helped enormously in keeping our trip to Madrid costs down.

Given our strict budget at the time, the private Airbnb flat we stayed in was a bit of a splurge–at $59.00 per night, it ate up a huge part of our budget.

We prepaid for this months ago, so by the time we got there it felt like “free” money.

We won’t be so lucky in future destinations, but we will likely continue to spend a large amount on lodging.

Simply put, we like our privacy, our space, and our room to cook!

Overall, we did not feel tied down or like we were on a particularly small travel budget in Madrid, though we watched our expenses closely.

We experienced everything that we wanted to do that was not restricted by time, sampled delicious Spanish food, learned a lot about both the city and what we wanted long-term travel to look like for us in general, and soaked up the atmosphere.

With an ultimate trip to Madrid cost of $67.25 per person/per day ($134.50/day for the two of us), it felt like a bargain on our moderate budget, and we definitely feel like we arrived at an excellent time to visit Spain .

A couple of simple switches (hostel for private Airbnb being the easiest win) could easily make it possible to visit Madrid on a budget of less than $50 per person/per day destination, which I consider more than reasonable for traveling a fascinating and engaging city in western Europe.

One day, we’d love to go back and see what our budget would be for backpacking Spain as a whole!

About Kate Storm

In May 2016, I left my suburban life in the USA and became a full-time traveler. Since then, I have visited 50+ countries on 5 continents and lived in Portugal, developing a special love of traveling in Europe (especially Italy) along the way. Today, along with my husband Jeremy and dog Ranger, I’m working toward my eventual goal of splitting my life between Europe and the USA.

2 thoughts on “Madrid on a Budget: What Does a Trip to Madrid Cost?”

I WAS COMPLETELY MESMERIZED BY YOUR ADVENTURES, I AM ALSO A TRAVELER BUT HAVE SO MUCH MORE I WOULD LOVE TO SEE. I LIVE LIFE WITH A POSITIVE ATTITUDE & A TRAVELING HEART. MY 26 YEAR OLD SON AND I HAVE SO MANY ADVENTURES WE ARE LOOKING FORWARD TO. SPAIN AND SWITZERLAND ARE ON THE LIST FOR THE FUTURE. WE HAVE BEEN TO PARIS, LONDON, IRELAND TWICE, JAMAICA, COZUMEL, CAYMAN ISLANDS, AND SO MANY PLACES IN THE USA. LOOKING FORWARD TO SEEING WHAT ADVENTURE YOU ARE GOING ON NEXT. CONTINUE TO LIVE LIFE TO THE FULLEST

Thank you so much, Cindy! Hope you and your son continue to have incredible adventures around the world!

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How to travel to Madrid on a budget and still have a great time

With inflation recently hitting an all-time high, many people are eager to save on everything from food shopping to gas and travel.

Traveling on a budget often means picking the right destination and, with the dollar still slightly stronger than the euro, visiting an affordable European spot is a surprisingly budget-friendly solution to rising travel costs.

One of Europe's more affordable capital cities is Madrid , a destination with plenty to do, see, drink and eat that won't break the bank.

Here's how to visit Madrid on a budget.

Getting there

In many instances, it's easy to find affordable airfare between the U.S. and Madrid, and you can also leverage low-cost carriers such as Ryanair, Easyjet and Iberia from other major cities around Europe if you find a better deal to another international hub. Just be sure to factor in add-ons like baggage, seat selection and other extras.

We routinely see airfare deals to Spain from the U.S. for under $400 round trip. Be sure to check TPG for our daily deal alerts .

Related: The cheapest ways to book a trip to Spain with points and miles

Accommodation

From new luxury properties to budget hostels and everything in between, Madrid has a wide selection when it comes to accommodation, with options at all price points. Here are some of the best for travelers hoping to stay comfortably without overspending.

Best value points hotels

Madrid offers numerous options when it comes to redeeming points, from the classic fan-favorite Westin Palace Madrid to the reliable InterContinental Madrid. But if you're looking to conserve those points or stay for longer, here are some of the best options in the Spanish capital.

• AC Avenida de América : Though slightly outside the historic center, this property is clean, comfortable and best for those who want to experience a more local side of Madrid while still having easy access to the main tourist sites and Barrio Salamanca shopping via a quick taxi or metro ride. Rates start at 20,000 Bonvoy points or under $100 per night.

• Hyatt Centric Gran Via Madrid : This regal property boasts a gorgeous rooftop garden, restaurant and bar, and is located on Madrid's famous Gran Vía Street. Rates start at 20,000 Hyatt points or about $200 per night.

Best cash value hotels

Don't have a stash of points? Don't worry. These hotels offer prime locations, excellent service and unbeatable value.

• H10 Puerta de Alcalá : Located a stone's throw away from Madrid's most beloved green space, this hotel offers chic rooms and a rooftop overlooking the park. Rates can be found from about $95 per night.
• Hotel Puerta Ámerica : With funky room decor, glass elevators and a Sky Bar, this hotel offers a trendy stay for a budget price. Deals can be found around $100 per night.

Boutique hostels

Hostels aren't just for backpackers. Many hostels, or pensioners, in Madrid offer private rooms and bathrooms at affordable prices. If you're on a tight budget, want to make new friends or just want something a little different, consider a hostel.

The Generator Madrid : This design-driven hostel has a fun rooftop deck; the unique space was actually a former gas station. Private rooms start around $60 per night, while shared bunk rooms run as low as $25 per night.

The Hat Madrid : A short walk from Madrid's Plaza Mayor, this hostel has chic, clean rooms and an inviting solarium and rooftop deck. Private doubles start at $70 per night, while a bunk in a shared room can be reserved for under $20.

Related: Why you might be happier staying at a budget hotel

Vacation rentals

It's easy to find holiday rentals from studio lofts to four-bedroom apartments in Madrid's city center. Prices usually range from about $60 to under $200 per night for the average private apartment rental, depending on amenities and size. Airbnb is the best resource for finding vacation rentals in Madrid.

Best times to visit Madrid

When it comes to finding the lowest rates on hotels and activities, winter is your best bet (outside of Christmas). Just know it does get cold and occasionally rainy during this season in Madrid.

Sometimes you can find accommodation deals, especially on vacation rentals, in August, when most locals flee the city for the seaside or mountains during the extreme heat. Just make sure to spend a little extra on lodging with air conditioning.

If it's the best weather you're after, visit Madrid in May and October, where temperatures are pleasant under sunny skies, and prices aren't quite as high as they may be in June, July or September. Madrid features some exciting festivals in May, such as its San Isidro celebrations, which make for unique cultural and gastronomy experiences.

Getting around Madrid on a budget

It's easy to get around Madrid's city center on foot, and the metro and bus are both affordable options, especially right now. The 10-pass metro and bus ticket is about 12 euros, or roughly $12. There's currently a 30% discount available through the end of December, though the government may extend the promotion.

Tourist metro passes are valid for unlimited travel between one and seven days of purchase (prices depend on the length of validity). Although this pass isn't currently discounted, it does include metro trips to the airport (airport metro tickets otherwise have a small supplemental cost when purchased on their own).

It's also easy and affordable to get between Madrid's Barajas Airport (MAD) and the city center — it's only a 20-minute drive or so. You can take the metro or the Bus 200 to Avenida Ámerica, both of which are included in metro tourist tickets. There's also a special, 24-hour airport bus that runs between the airport and O'Donnell, Cibeles and Atocha that costs 5 euros (about $5) each way.

Related: Every tourist in Madrid makes the same 12 mistakes

You can take the RENFE trains from Terminal 4 from the airport to the city center, or taxis cost a flat rate of 30 euros (about $30) from the airport to anywhere in the city. Rideshare services such as Cabify and Uber usually cost even less.

What to do in Madrid on a budget

Madrid is home to many green spaces, such as the Retiro Park, Casa de Campo, El Capricho, Fuente de Berro, Madrid Río and Templo De Bod. Entrance is free to all of these parks. However, if you want to rent a paddle boat in Retiro or take the funicular over Casa de Campo, you'll have to pay extra.

Walk the city

It's easy to take a self-walking tour around Madrid's city center, and you can admire many of its attractions from the outside for free. This walk is extensive and can be completed all in one day or over a few days, depending on your energy levels and length of your holiday.

Start in the Puerta Del Sol, checking out the Tio Pepe sign and Kilometer 0, which is said to be the exact geographical center of Spain . Then, wander down to the Plaza Mayor to marvel at the hundreds of balconies that face the center of the square.

Continue down to the San Miguel Market (snacks cost extra!) and along Calle Mayor until you get to the Almudena Cathedral and the Royal Palace, which you can enjoy for free from the outside. Then, walk through the Sabatini Gardens and along the newly constructed walkway to stroll through the freshly re-designed Plaza España square.

Keep going up Gran Vía, a busy street home to shops, theatres and restaurants. When you get to the end, turn left on Calle Álcala (but first look right to catch sight of the towering Metropolis Building) and walk up through Cibeles Square to see the fountain and palace, then to the Puerta de Álcala (one of the former entrances to the Madrid) and into the Retiro Park.

Free times for museums

Many museums in Madrid offer free entrance times. These can be an entire day or just a few hours a week (typically in the afternoon) where you won't have to pay to enter. Make sure to get there early, as these times can be crowded and you may have to queue up.

El Rastro market

Madrid's famous flea market occurs weekly on Sundays. Looking and strolling is free for everyone, though you'll have to pay if you want to buy something. This market can get very crowded, so go early. It's best to leave valuables and lots of cash at home, as pickpockets notoriously work the crowds here.

Tips and tricks for visiting Madrid on a budget

Menu del día.

Many restaurants offer a set lunch menu on weekdays, which includes a choice of starter, main course, dessert or coffee and a drink (such as beer, wine, water or soda) for a fixed price, usually under $20. These are delicious and a great value.

Student, senior and teacher discounts

Museums and other attractions may offer student, teacher or senior discounts. Double-check what type of identification is required to access these cheaper rates.

The more local the bar, the more likely you'll get a free tapa when you order a drink. And the farther you get from the main historic city center, the higher chance you'll have of getting a small complimentary plate of food with your drink order.

Bottom Line

Cost-of-living headlines might seem scary, but it's not impossible to save money while traveling and maximizing the value you're getting from your holidays. Certain destinations in Europe still offer great value for money if you know where to look — Madrid is just one of these destinations and is a great place to visit on a budget.

16 ways to enjoy Madrid on a budget

Jun 13, 2023 • 6 min read

Save money by biking around the city with Bicimad © Westend61 / Getty Images

Compared to most European capitals, Madrid stands out as an inviting and affordable destination that even budget-conscious travelers can enjoy. From centrally located accommodations to exquisite wine and tapas to world-renowned art museums, you don't need to spend a mint to get a rich cultural experience from the Spanish capital.

If you’re savvy with spending, you can enjoy a full range of Madrid’s diverse attractions without sacrificing quality. Check out our top tips to stretch your travel budget . 

Daily costs in Madrid

• Hostel room: €29 to €40 per night for a bed in a mixed dorm, depending on location and season 
• Basic room for two: €36 to €45 per night for basic room in a budget hotel or boutique hostel
• Self-catering apartment (including Airbnb): €60 to €150 per night 
• Public transport ticket: single one way ticket, €1.50
•  Combined Metrobús ticket for 10 rides: €6.10  
• Coffee ( café con leche , or standard coffee with milk): €1.50 to €2.50 
• Sandwich: €3 to €5
• Dinner for two: average three-course meal per person at a mid-range restaurant, €25 to €35
• Beer: about €2.50 for a caña , or small glass of beer (about 250ml) on tap; €4 for a doble  (about 400ml) 
• Glass of Spanish house wine: €2.50 to €3.50

Average daily cost: €70 to €120 per person, including three meals a day, accommodation and activities .

1. Take the metro or bus from the airport to the city center

Instead of taking a taxi from the airport with a fixed price of €30, you can save a lot by spending €3 on a Suplemento Aeropuerto ticket instead. Hop onto the metro train (Line 8) to go straight to the city’s business center, stopping at the Nuevos Ministerios station that branches out to Madrid's neighborhoods. You can also opt to take an airport bus that runs 24/7 from the airport to the city center for €5. 

2. Take public transport

Madrid is a commuter-friendly city known for its efficient multi-modal public transport infrastructure , including an organized metro-rail system and bus network. You can save a lot by skipping taxis and navigating the city instead with a Metrobús ticket, which gives you 10 metro or bus rides for €6.10.  

3. Take the early morning Avlo train for long-distance travel

Great news for early bird travelers: you can save as much as 70% on long-distance train fares if you take the high-speed, low-cost  Avlo . It's the earliest train departing Madrid, leaving at 6:30am and connecting you to several main Spanish cities, including Barcelona, Valencia, Málaga and Sevilla, for only €7. 

4. Book car-share rides with BlaBlaCar

Popular among locals, this affordable and sustainable car-share service gets you to several points all over Spain without paying a hefty gas bill. Check the  website for a list of ride schedules with drivers’ ratings, pick-up points and prices. This is also a great way to practice your Spanish with locals!  

5. Bike around the city with Bicimad

Bicimad distributes more than 7000 electric bikes to 600-plus charging stations around Madrid, with prices starting from €2 for the first hour of use. You'll need to download the app to register and start using the bikes. 

6. Order the menú del día (daily menu) for lunch

On weekdays, check the chalkboards outside most restaurants for their menú del día , a fixed-price menu ranging from €8 to €17 for a three-course meal with dessert, drinks, bread and coffee . 

7. Enjoy free tapas with every drink order

While getting a free plate of tapas with every drink is standard practice in Madrid's restaurants and bars, some establishments, like El Tigre,  are known for being extra generous with their servings.  The ubiquitous 100 Montaditos is a student favorite that’s open all day and serves a wide assortment of tasty sandwiches at €1 each.

8. Shop in mercados

Skip the supermarket and make a beeline instead for one of Madrid's open-air markets, featuring a colorful selection of stalls selling fresh fruit, vegetables, meat and fish at significantly cheaper prices than the big grocery chains. You'll also find quaint little restaurants, cafés and wineries interspersed among the stalls, which combine great gastronomic offers with friendly prices. For a more local flavor, check out Mercado Antón Martín and Mercado de Vallehermoso . 

9. Avoid dining in Plazas Mayor and Sol

While these central landmarks are on the must-see list for visitors to Madrid , keep in mind that many of the restaurants in these high-tourist-traffic areas have much higher-priced menus.  

10. Skip dining al fresco on a terraza (outdoor terrace) and eat inside

While a big part of the charming Madrid experience is eating outdoors on one of the many open-air terraces, many establishments charge extra for an outdoor table. You can save a few euros (and use that to get, say, a nice glass of rioja instead) by eating indoors. 

11. Get delivery discounts and reduce food waste with Too Good to Go

Similar to any delivery-service platform, this app shows you nearby restaurants, shops, bars, fruit stands and bakeries that offer food or produce unsold that day, marked down significantly – sometimes up to 70% off the selling price – with a specific time to pick it up. You’ll be saving on euros (and saving the planet).

12. Make sure you're not paying extra for bread

Most restaurants will ask if you'd like some bread to go with your order. Unless this is part of the menu del día, you could get charged for it, so best to ask the servers if this would cost you extra.

13. Visit Madrid's “Golden Triangle” museums for free

You can enjoy  Madrid's world-famous art museums during designated free-entry times. The Museo del Prado is free to the public Monday through Saturday from 6pm to 8pm and on Sundays and public holidays from 5pm to 7pm. Visiting the Museo Nacional Thyssen-Bornemisza is complimentary on Mondays from 12pm to 4pm, while the Reina Sofia is free on weekdays (except Tuesday) from 7pm to 9pm, and on Sundays and selected public holidays from 12:30pm to 4:30pm.

14. Show your student or senior-citizen ID

Students and persons over 65 years old can enjoy discounted or free services on public transport and several attractions. 

15. Explore more affordable neighborhoods

Some of Madrid's most interesting barrios (neighborhoods) are just off the city center, with a ton of options for eating and drinking at prices that won't break the bank. Lavapiés is a little global village known for its array of multicultural culinary offerings, with streets lined with restaurants and cafés serving economically priced menus from South Asia, Africa and the Middle East.

16. Check out what's on at Matadero

This refurbished slaughterhouse has been reinvented as a dynamic cultural hub  packed with free exhibitions, film showings, dance and musical performances, shows and street-food festivals. It's a wallet-friendly alternative to the tourist traps for experiencing Madrid's avant-garde attractions. 

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Is Madrid Expensive?

Is Madrid Expensive? Rough Costs

As someone accustomed to the high prices of London , New York and Paris , Madrid felt somewhat cheaper. Madrid is still more expensive than European destinations like Bulgaria or Poland and notably more expensive than other parts of Spain too.

Food and Drink

• A glass of wine is £2 to £4.30 (€2.32 to €5).This will be a generous glass and normally include a free tapa.
• A caña of beer is £2 to £3 (€2.32 to €3.49). A caña is 150 to 200 millimetres. Drinking at a nightclub will be more expensive, up to around £4.30 (€5) for a bottle of beer.
• A cup of coffee is £1.20 to £2.60 (€1.39 to €3.02). The smaller price is for a local cafe, the latter is for something more trendy.
• A meal at a fast food restaurant can be as little as £8 (€9.30), including a soft drink.
• A meal at a typical restaurant is more like £16 to £22 (€18.60 to €25.57), assuming you have one alcoholic drink.

Pro Tip: Pupusería Madrid Rio Grande Atocha is one of the cheapest and BEST places to eat out in the city. It’s road-side location leaves a lot to be desired, but it’s authentic El Salvadorian pupusas are the best we’ve had outside of Central America.

Accommodation

• The very cheapest Airbnb you’ll find, assuming you want a private place and not a shared room, is around £45 (€52) per night. These prices are only available if you book well in advance.
• However, most Airbnbs cost substantially more than that, from £90 to £130 (€105 to €151) per night.
• A cheap hostel is around £35 (€40) per night.
• The cheapest hotels start at around £55 (€64) per night. That assumes you’re booking well in advance and don’t mind being out of the centre.
• Most hotels are £99 (€115) per night or more.

Travelling Around Madrid on the Metro

• It’s £2.17 (€2.50) for a Public Transport Card, which you’ll need if you want to use the Metro. Two people can travel on one card.
• A single ride is £1.30 (€1.50) and you can buy ten rides for £10.60 (€12).
• The Metro connects with the airport and at €4.50 for a ride into the centre of Madrid, it normally works out cheaper than a taxi.
• The Metro is a cheap, safe and convenient way to travel around Madrid! I’d recommend trying to find accommodation that’s close to a Metro station.

Daily Spending Budget for a Trip to Madrid

Budget around £100 to £120 per person per night, not including the cost of getting there and back. This is assuming a shorter trip which does work out more expensive on a per day basis as you’ll want to pack more activities in. Hardcore budgeters could reduce this substantially by couchsurfing . If you’re looking to splurge, you could easily pay substantially more.

For our most recent trip to Madrid, in October 2022, we spent £1,934. That was for a twelve-night stay for two people, working out at £80.57 (€96.34) per person per day . 

Is Madrid more Expensive than it used to be for British Tourists?

Our 2022 trip to Madrid worked out more expensive than our trip in 2019. So that you can get an idea of how much prices have increased, I’ve included our spending from the 2019 trip below:

• Accommodation (three nights in a private apartment): €267 total (€133.50 per person) 
• Transport in Madrid by Metro: €15.25
• Cost of eating breakfast out: €14
• Cost of eating lunches out: €15
• Cost of eating dinners out: €30
• Money spent on coffee and snacks: €4.75
• Money spent on wine and beer: €9.25
• Money spent on activities: €11
• Total spend: €232
• Average cost per day: €77

As you can see, our most recent trip was almost €20 per day more expensive! A lot of the price increase came from our accommodation, which we booked on Airbnb. Our most recent Airbnb in October 2022 was substantially more expensive than the one we booked in 2019 and it was worse both in terms of the space itself and the location. It feels as though the days of cheap Airbnb stays are long gone and now the pricing is similar if not worse than hotel pricing.

Is Madrid More Expensive than other European Capital Cities?

Based on my experience of having visited London, Madrid, Paris, Berlin, Sofia and Lisbon fairly recently, I’d say that Madrid is still cheaper than most of the capital cities I’ve just mentioned, but not by as much as it used to be. Sofia is definitely cheaper and Lisbon might be cheaper, though it’s pretty close.

What’s the Cost of Visiting Art Galleries in Madrid?

Madrid is among the best cities in the world for arts and culture. But unlike Vienna or San Francisco, where ticket prices are eye-wateringly expensive, many of the best art galleries in Madrid are free to enjoy at certain times of day. If you’re a culture vulture, don’t miss the big three:

• Museo Nacional Centro De Arte Reina Sofía (famous for Picasso’s Guernica)
• Museo Thyssen-Bornemisza (which has a number of masterpieces)
• Museo Del Prado (including paintings by Goya)

When are Madrid’s Art Galleries Free?

The Reina Sofia is free from 7-9PM on Monday and Wednesday to Saturday. It’s also free on Sunday from 1:30PM-7PM.

The Thyssen has free entry on Monday between 12PM-4PM. 

The Museo Del Prado is free from 6PM-8PM on Tuesday to Saturday, and it’s free from 3PM-8PM on Sunday. The art galleries are also free on some public holidays. 

If you time it right, you shouldn’t have to pay anything for entry to the three best art galleries in Madrid!

Is a Flamenco Show in Madrid Expensive?

Madrid may not be as strongly associated with flamenco as Granada, but if you’ve never seen flamenco before I’d highly recommend the experience! 

We saw a flamenco show one evening at the intimate La Cueva de Lola, which felt (to us at least) like a very authentic atmosphere. The guitarist and all three dancers were extremely talented and you get to see the spirit of flamenco up close. Tickets start at €25 per person, though discounts and special offers are available if you seek them out.

Other Free Things To Do in Madrid

If you’ve already visited the main art galleries mentioned above, as well as the beautiful Parque Retiro (which is close to both the Museo Del Prado and the Thyssen), then you may be wondering what else there is to see in Madrid. 

Fortunately, many of the sights worth seeing are reasonably close together and can be seen by a 5.7 kilometre stroll along the Manzanares river. If you’re not used to walking or short on time, you can just do the shorter stretch from the Temple of Debod to the Catedral de la Almudena. The walk includes the following sights:

• Temple of Debod – a reconstructed ancient Egyptian Temple
• The Sabatini Gardens – for the best views of the Royal Palace
• The Royal Palace of Madrid – entry isn’t free, but you can see plenty from outside
• The Catedral de la Almudena – typically brilliant Spanish cathedral
• The Park Madrid Rio – a charming riverside park
• Matadero Madrid – a reclaimed slaughterhouse which is now a cultural and arts centre

What’s the Cost of Drinks and Nights Out in Madrid?

One of the main reasons to come to Madrid is to enjoy the tapas scene! In many places it’s still the custom to get free food with your drinks, usually olives, crisps, cheese, nuts or bread with tomato. Despite this, drinking is still relatively cheap! If tapas sounds like your scene and you happen to be in Madrid in October, don’t miss the Tapapies street festival, which celebrates all things tapas. 

A small glass of wine or a small bottle of beer (usually Estrella) typically costs about €2.50. Our favourite place to drink is Bendito’s natural wine bar in Lavapiés . Bendito’s is a natural wine bar inside a reclaimed market space and it’s popular with a hipster crowd, so the few available seats don’t last long into the evening.

For less traditional cultural activities, check out either Café Berlín or Sala Equis . Café Berlín is a nightclub, but during the evening they put on live music and we were lucky enough to catch a lively Caribbean funk band. Sala Equis used to be an x-rated cinema, but the space has been regenerated into a buzzing bar. Check ahead of your visit if you’d like to catch an art-house film.

How Much Does it Cost to Fly to Madrid?

We typically don’t include the cost of getting to a place when we do this kind of post because we have readers from all over the world and getting to Madrid from Barcelona is a lot cheaper than getting to Madrid from Buenos Aires. F or completeness’ sake, a low-cost return flight from London to Madrid is about €90.

Cheap Flights Tip!  We use  Skyscanner  to check prices and book our flights. When you search on Skyscanner, select “full month” to see which dates have the lowest prices.

Let us know if we missed anything in the comments below! Have you had a trip to Madrid recently? How much did it cost? 

Luke Nicholson

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Madrid Travel Guide

Last Updated: March 28, 2024

Like its rival Barcelona , Madrid embraces the night. Dinner doesn’t happen until 9pm or 10pm and the partying doesn’t kick off until several hours after that. It’s a city for night owls.

Though it’s somewhat sprawling, Madrid’s numerous neighborhoods are perfect for getting lost in, binging on tapas, and drinking sangria. The warmth of the locals and the slowness of the meals will keep you out late as you soak in the city’s pace. If you embrace the late (and long) meals and the late-night partying and live your life on Madrid’s terms you’ll have a much deeper, enriching visit.

This Madrid travel guide will give you everything you need to know to eat well, save money, and see the best sights the city has to offer!

Table of Contents

• Things to See and Do
• Typical Costs
• Suggested Budget
• Money-Saving Tips
• Where to Stay
• How to Get Around
• How to Stay Safe
• Best Places to Book Your Trip
• Related Blogs on Madrid

Top 5 Things to See and Do in Madrid

1. stroll plaza mayor.

The Plaza Mayor, which dates to the 15th century, is Madrid’s main square. While walking this plaza, which was designated a Spanish Property of Cultural Interest in 1985, don’t miss Ayuntamiento (the impressive city council building), the Baroque Church of San Pedro, the 18th-century San Francisco el Grande Basilica, and Calle de Cuchilleros (a popular place to eat, but expect tourist prices). In summer, the plaza hosts various festivals and music events, and in winter, it’s home to a sprawling Christmas market.

2. Visit the Prado Museum

The Prado Museum (Museo Nacional del Prado) is one of the world’s greatest art galleries and the largest art museum in Spain. It’s also one of the most-visited museums in the world and has earned that title because it’s a great destination even for those who aren’t “museum” people. See a dazzling display of around 20,000 works by the great European masters housed in a grand 18th-century building that opened as a museum in 1819. The museum is also a UNESCO World Heritage Site and a Spanish Property of Cultural Interest, home to works by Goya, Rembrandt, Caravaggio, Bernini, Monet, and many others. Admission is 15 EUR, and it takes about 3 – 4 hours to see the highlights of the museum.

3. Unwind in El Retiro Park

Officially known as The Buen Retiro Park, this is the main park of Madrid. It’s a leafy oasis with more than 15,000 trees and a UNESCO World Heritage Site, making it the perfect place to relax on a sunny day. The park dates back to the 17th century and spans over 350 acres. There is a large lake where you can hire a rowboat, a monument to the victims of the Madrid terrorist bombings (which killed 193 people and injured over 2,000 in 2004), and the Crystal Palace (a 19th-century conservatory that once held a human zoo).

4. Visit the Palacio Real

While the King of Spain no longer lives in the palace, it is used for state ceremonies. Built in the 18th century, the Baroque-style palace is the largest functioning palace in Europe, home to over 3,400 lavishly decorated rooms. The palace was originally built on a former 9th-century Muslim fort and today functions much like an art museum with numerous works, including pieces by Caravaggio, Juan de Flandes, and Francisco Goya. Admission is 14 EUR for self-guided tours and 20 EUR for a guided tour. Audio guides are available for 5 EUR. It’s free for EU citizens on Wednesdays.

5. Take a food tour

Other things to see and do in madrid.

1. Take a free walking tour

Free walking tours are one of my favorite activities to do in a new city. You’ll get the lay of the land, learn about the history and culture, and connect with a local guide who can answer all your questions. New Europe, Free Walking Tours Madrid, and Cat’s Hostel Walking Tours are the best free tours in the city. Just remember to tip your guide at the end!

2. Check out Puerta del Sol

This is Madrid’s most famous and central square. Originally, it was the site of one of the east-facing city gates and was adorned with an image of the sun, hence the square’s name (“The Sun Gate”). The square is actually semi-circular in shape and owes its current form to the major renovation work carried out between 1854-60. There’s a stone slab on the ground in front of Casa de Correos’ main entrance (the current headquarters of the Madrid regional government) to mark kilometer 0, as this is also the center of Spain’s radial road network. The area has plenty of bars, restaurants, and shops, and makes for an easy central location to meet up with friends. People congregate here on New Year’s Eve to celebrate under the clock on top of the Casa de Correos building. It’s tradition to eat a “lucky” grape for each of the 12 strokes of midnight.

3. See flamenco dancers

The highly emotive dance set to guitars and singing originated in Andalusia and migrated to Madrid by the early 19th century. Based on the various folkloric music traditions of southern Spain, the shows will leave you transfixed. You’ll find flamenco shows in many bars and taverns across the city, such as Las Carboneras where you can enjoy a flamenco show with a glass of wine for 45 EUR. The historic Corral de la Morería offers shows for 49.95 EUR, including a drink.

4. Visit the National Archaeological Museum

This museum is a must for those who love ancient artwork and archeological finds. You’ll find an incredible collection of everything from ancient statues to ornate gold chandeliers from across the Iberian Peninsula. There are items from ancient Greece and Rome, along with artifacts from the Visigoths, Egypt, and Mesopotamia. Don’t miss the famous La Dama de Elche (a near-perfect condition bust of a 5th-century Iberian woman) and the Altamira pre-historic cave paintings. You’ll also see the Guanche Mummy of Madrid. He was embalmed by the indigenous people of the Canary Islands between the 11th and 13th centuries. Admission is 3 EUR.

5. Explore the Naval Museum of Madrid

When you think back on the world’s historical naval powers, the 16th-century Spanish Armada likely comes to mind. You can come here to learn about the nation’s rich naval history through historic maps from as early as the year 1500. It also has lots of old drawings, weapons, and navigation equipment, and a really interesting and detailed section on the Spanish Armada. It’s located on Madrid’s Art Walk near the Prado Museum and makes a nice stop in between the larger, more crowded galleries (most people skip this one). Admission is free, but donations of 3 EUR per person are suggested. It’s closed on Mondays.

6. Admire some modern art

The Museo Nacional Centro de Arte Reina Sofía (Reina Sofía National Art Center) offers a fantastic collection of modern art. Works by masters like Picasso, Miró, Kandinsky, Dalí, and Bacon can all be found here. The centerpiece of the exhibit is Picasso’s famous Guernica painting, a 1937 oil painting that’s considered the most moving anti-war painting in the world. While I don’t love modern art, even I enjoyed this museum more than I thought I would. Admission is 12 EUR though free admission is available from 7pm-9pm on Mondays, Wednesdays, Thursdays, Fridays, and Saturdays as well as from 12:30-2:30pm on Sundays.

7. Shop at the Mercado de San Miguel

This iconic indoor market is a fun spot to do your grocery shopping. It’s the oldest covered food market in the city and is also an iconic architectural landmark for its striking iron and glass structure. It’s the perfect place to snack on cheap tapas, pick up ingredients for supper, or do some people-watching. Open seven days a week, the market is a five-minute walk from Plaza Mayor and attracts the after-work drinks crowd in the evenings.

8. See the ancient Temple of Debod

The Temple of Debod is an Egyptian temple from the 2nd century BCE. It was given as a gift to Spain by the Egyptian government as a thank you for helping them relocate monuments from the Aswan Dam site to avoid flooding (the Aswan Dam is the largest embankment dam in the world and was built across the Nile in the 1960s-70s). The temple was rebuilt in Spain between 1970-1972 and can now be found in Madrid’s Cuartel de la Montaña Park on the top of a hill. Although the inside of the temple is off-limits, you can still walk along the outside while also admiring panoramic city views. Open Tuesday-Sunday, 10am-8pm. It’s closed on Mondays. Admission is free.

9. Spend time in the Barrio de La Latina

This upbeat neighborhood and its maze of narrow lanes and streets lined with tapas bars, restaurants, and cantinas is perfect for exploring on foot. If you’re here on Sunday, peruse the offerings at the El Rastro flea market (open 8am-3pm) and stuff your face at one of the many food stalls. Be sure to step inside the 18th-century San Francisco el Grand Basilica or the Moorish San Pedro el Real church, which originally dates to the 14th century.

10. See the Plaza de Cibeles

Plaza de Cibeles is a famous plaza in Madrid, located along the central Calle de Alcalá and adjacent to Paseo del Prado. Here you can find the Buenavista Palace, now the headquarters of the Spanish Army. Free guided tours are available, and you see the changing of the guard here on the last Friday of most months. There’s also a Neoclassical 18th-century fountain dedicated to the Roman goddess Cybele (the mistress of wild nature). There is an observation deck at the city hall building (called the Mirador del Palacio de Cibeles) so you can take in the view (closed on Mondays). Admission is 3 EUR.

11. Watch a Real Madrid soccer match

Madrid’s soccer team is one of the best, not only in Spain but in the world. If you want to see soccer (or football as they say in Europe) at its best, watch a game. The stadium is always full, holding over 81,000 people, and the crowds get wild. If you want to experience local life, this is a must. Tickets start at 35 EUR.

12. See the Monasterio de las Descalzas Reales

The Convent of Las Descalzas Reales (which means “Monastery of the Royal Barefooted”) was built in the 16th century and was the former palace of Emperor Charles V and Empress Isabel of Portugal. Unmarried princesses and “spinster” noblewomen came here to live as nuns and they brought any wealth they had accumulated with them. These days, just a few nuns look after the grounds and its relics, which include (alleged) pieces of Jesus’s cross and the bones of St. Sebastian, who died around 288 CE. A Spanish Property of Cultural Interest, inside the building, you can see many works of art. For example, the main staircase is decorated with murals that date to the 16th and 17th centuries. Admission is 6 EUR.

13. Stroll Around the Royal Botanical Garden

Spanning some 20 acres, these botanical gardens are home to more than 5,000 species of plants and trees spread out over four picturesque terraces. There are also greenhouses, sculptures, and some immaculately landscaped gardens here too. Founded in 1755, the park has lakes, labyrinths, fountains, and lots of flowers that make it a serene and beautiful place to relax. For plant history lovers, there is also a library and archives building that contains over 2,000 works and antique drawings related to botany. Admission is 4 EUR.

14. Explore the Museo de la Historia de Madrid

Madrid’s Museum of History opened in 1929 and sheds light on the city’s evolution from the 16th century (when it became the capital) to World War I. A walk thorugh the small museum helps you experience the city as it was throughout the ages through a series of exhibits, artifacts, maps, paintings, and sculptures, including works by famous artists like Francisco Goya. Admission is free, and you can see the entire museum in about an hour.

  For more information on other cities in Spain, check out these guides:

• Barcelona Travel Guide
• Granada Travel Guide
• Seville Travel Guide
• Valencia Travel Guide

Madrid Travel Costs

During the off-season, a bed in a room with 8 beds or more costs from 35-40 EUR per night while smaller rooms start at about 45-50 EUR. Free Wi-Fi is standard, and many hostels in the city also include free breakfast.

A basic private room for two with a private bathroom starts at 160 EUR per night during both peak season and off-season.

There are limited options for camping outside the city and prices are often more than hostels. Most charge around 20-30 EUR per night for a basic tent plot without electricity.

Budget hotel prices – Budget 2-star hotels start at 125-150 EUR per night during peak season. Expect to pay 90-100 EUR per night in the off-season.

Airbnb type rentals is available for those wishing to have more privacy or kitchens to cook their own food. Private rooms start around 50 EUR per night though they average closer to 80 EUR. Entire homes/apartments average 180 EUR per night though you can find them for as little as 100 EUR if you book early.

That said, Airbnb has caused a lot of problems in Madrid as it has pushed locals out of the city center and authorities are clamping down on illegal listings. Be sure yours has listed its tax ID number and avoid staying with hosts who have multiple listings (they are corporate housing disguised as Airbnb).

Food – Spain has a strong food culture, where meals can last hours and dinner isn’t served until after 8pm. Each region in the country has its own local dishes and food culture, all of which you can find in Madrid as it’s something of a culinary hub. Be sure to try local favorites such patatas bravas (spicy potatoes), beef stew, tortilla de patatas (Spanish omelet), and, of course, churros.

You can get a meal of cheap tapas for around 15 EUR. If you want wine included, expect to spend at least 20 EUR. At nicer tapas places you should plan to spend around 30 EUR for a meal with a drink.

Like any city, Madrid has meals for any budget. Most sit down spots cost around 35 EUR for a mid-range dinner of a dish like paella with a drink. On the other end of the spectrum, cheap fast food (think McDonald’s) costs around 8 EUR for a combo meal. Chinese food is around 9-12 EUR while pizza costs 10-15 EUR for a large.

Beer is 3–4 EUR, a glass of wine is 2-4 EUR, and a latte/cappuccino is around 2.50 EUR. Bottled water is about 1.50 EUR. (In general, tap water is safe to drink in Spain.)

If you buy your own food, expect to spend about 50-65 EUR for a week’s worth of groceries. This gets you basic staples like pasta, rice, seasonal produce, and some meat.

Backpacking Madrid Suggested Budgets

If you’re backpacking Madrid, expect to spend around 80 EUR per day. This budget covers staying in a hostel dorm, cooking most of your meals, limiting your drinking, taking public transportation to get around, and doing mostly free activities like free walking tours and relaxing in the parks. Add 10-20 EUR per day to your budget if you plan on drinking or partying a lot.

On a mid-range budget of 205 EUR per day, you can stay in a private room in an Airbnb or private hostel room, eat out at inexpensive restaurants for most meals, enjoy a few drinks, take the occasional taxi to get around, and do more paid activities like cooking classes and museum visits.

On a “luxury” budget of 365 EUR or more per day, you can stay in a nicer hotel, eat out more often, drink with most meals, take more taxis, and do more guided tours. This is just the ground floor for luxury though. The sky is the limit!

You can use the chart below to get an idea of how much you need to budget daily. Keep in mind these are daily averages – some days you spend more, some days you spend less (you might spend less every day). We just want to give you a general idea of how to make your budget. Prices are in EUR.

Madrid Travel Guide: Money-Saving Tips

Madrid can be an expensive city, especially if you indulge in the city’s famed food and drink. Accommodation prices have also risen a lot since COVID. Fortunately, you can trim your costs if you follow a few simple tips and tricks. Here are some general ways to save money in Madrid:

• Eat a large lunch – Lunch is much cheaper than dinner in Madrid. You can find “menu del día” which costs around 10-15 EUR for a large meal, typically consisting of an appetizer or salad, a main meat or fish dish, and a glass of wine or beer. Many also include a small dessert.
• Get the Madrid city card – The pass offers free public transportation and discounts to the Prado and other museums, as well as discounts to other popular tourist sites across the city. You can purchase a 24-hour card for 8.40 EUR, a 2-day card for 14.20 EUR, a 3-day card for 18.40 EUR, or a 4-day card for 22.60 EUR.
• Embrace free museum days – Lots of museums in Madrid are free on certain days or at certain times throughout the day. Others have free hours. For example, the Prado offers free entry Monday through Saturday between 6-8pm and Sundays between 5-7pm Be sure to check before you go because it’s far better to see one of the world’s best museums for free versus paying full price. You can ask at the tourism office as they hold a list there.
• Stay with a local – Couchsurfing is a great way to save money on accommodation while also getting some insight from the locals. While hostels aren’t too expensive in the city, this is still the best way to save money (as your biggest budget item is typically accommodations) and connect with an insider who can share their expert tips and advice.
• Take a free walking tour – This is one of my favorite ways to get to know a new destination — and you can’t beat the price! New Europe Walking Tours and Cat’s Hostel Walking Tours are the two most popular free tours in the city. Please remember to tip your guide at the end of the tour.
• Grocery shop at the markets – Fresh food can be bought for cheap at some of the daily markets in the city. Check out the Mercado de la Paz or Mercado de Maravillas for fresh produce, meat, and even some prepared foods like Tortilla Española (Spanish omelet with potatoes). You’ll save a ton compared to the supermarket and will have a chance to choose from the most seasonal produce.
• Bring a water bottle – The tap water here is safe to drink so bring a reusable water bottle to save money and reduce your plastic use. LifeStraw is my go-to brand as their bottles have built-in filters to ensure your water is always clean and safe.

Where to Stay in Madrid

Madrid has a ton of choices in a variety of neighborhoods and budgets. Here are the best hostels and budget hotels in Madrid:

• The Hat Hostel
• Sungate One
• Cats Hostel
• Petit Palace Puerta del Sol
• Hotel Indigo Madrid–Princesa

How to Get Around Madrid

Public buses run all over Madrid from 6:30am-11:30pm (with some night routes also), and they cost the same as the metro. You can also get 10-journey cards from 11.20 EUR depending on your zones.

Tourist passes are available for unlimited usage on all public transportation, ranging from 1-7 days. They cost 8.40-17 EUR for a daily pass or 35.40-70.80 for a weekly pass, depending on the zones you need. Most tourists will only need a Zone A pass.

Bicycle – Madrid has an electric bike-sharing program called BiciMAD. Rentals start at 2 EUR per hour, and then it’s 4 EUR per extra hour.

Taxis – Taxis start at 3.25 EUR and then 1.10 EUR per additional kilometer. Skip them if you can, as prices add up fast!

Ridesharing – Uber is available in Madrid but Cabify is the more popular option for residents.

When to Go to Madrid

Madrid is a year-round destination like the rest of Spain, but during peak season (June-August) crowds are heavy, prices are highest, and the heat is oppressive. Daily temperatures soar well above 30°C (86°F) in the summer, so plan for hot weather. While the city is lively, you’ll need to book everything in advance as places sell out.

Personally, I think the shoulder season is the best time to visit Madrid (April-May and September-October). Tourist sites are much less congested, and prices for accommodation are lower. Temperatures are moderate, with average temperatures hovering around 64°F (18°C), which makes walking around or enjoying outdoor hikes or cycling much more pleasant Just bring a raincoat in case there are brief showers. In spring, expect parks full of blossoms, and in fall, outdoor events are still going strong.

Visiting in the winter is also doable, though the days can be chilly. While the weather isn’t great, you’ll get much of the sights and museums to yourself, and prices will be lower. Expect daily highs around 10°C (50°F). If you go in December, you’ll see the main squares decorated with large Christmas displays and bakeries full of seasonal treats.

How to Stay Safe in Madrid

Madrid is a safe city. Violent crime is very rare, though pickpocketing and petty theft are common, especially in the major tourist areas and on the metro. You need to be really careful with your stuff and always watch your pockets when you’re out and about — especially while on public transportation. The pickpockets here (and across Spain in general) a very talented!

If you need a taxi, especially from the airport, be sure to use the official white city taxis with a red stripe (there are some rogue drivers who may try to scam you into believing they are licensed. The fixed rate from the airport to the city center is 33 EUR, and you should not be charged extra for luggage that fits within the trunk.

If you go out at night, only bring the money you need. Leave the rest in your accommodation just in case.

Solo female travelers should feel safe here. However, the standard precautions apply (don’t leave your drink unattended at the bar, don’t walk around intoxicated at night, etc.). There are options for female-only hostels and some sites for female-only accommodation sharing. You can visit any one of the numerous solo female travel blogs for specific tips, as they will be able to provide advice.

Tourist scams are prevalent in the city, so keep an eye out for groups of kids trying to distract you, as they’re probably trying to take your money. Moreover, be wary of people offering to carry your luggage or take your photo, as they may try to charge you a large fee for the service. You can read about common travel scams to avoid here .

If you experience an emergency, dial 112 for police, ambulance, and fire services.

When in doubt, always trust your instincts. Make copies of your personal documents, including your passport and ID, in case of an emergency.

The most important piece of advice I can offer is to purchase good travel insurance. Travel insurance protects you against illness, injury, theft, and cancellations. It’s comprehensive protection in case anything goes wrong. I never go on a trip without it as I’ve had to use it many times in the past. You can use the widget below to find the policy right for you:

Madrid Travel Guide: The Best Booking Resources

These are my favorite companies to use when I travel. They consistently have the best deals, offer world-class customer service and great value, and overall, are better than their competitors. They are the companies I use the most and are always the starting point in my search for travel deals.

• Skyscanner – Skyscanner is my favorite flight search engine. They search small websites and budget airlines that larger search sites tend to miss. They are hands down the number one place to start.
• Hostelworld – This is the best hostel accommodation site out there with the largest inventory, best search interface, and widest availability.
• Booking.com – The best all around booking site that constantly provides the cheapest and lowest rates. They have the widest selection of budget accommodation. In all my tests, they’ve always had the cheapest rates out of all the booking websites.
• HostelPass – This new card gives you up to 20% off hostels throughout Europe. It’s a great way to save money. They’re constantly adding new hostels too. I’ve always wanted something like this and glad it finallt exists.
• Get Your Guide – Get Your Guide is a huge online marketplace for tours and excursions. They have tons of tour options available in cities all around the world, including everything from cooking classes, walking tours, street art lessons, and more!
• The Man in Seat 61 – This website is the ultimate guide to train travel anywhere in the world. They have the most comprehensive information on routes, times, prices, and train conditions. If you are planning a long train journey or some epic train trip, consult this site.
• Rome2Rio – This website allows you to see how to get from point A to point B the best and cheapest way possible. It will give you all the bus, train, plane, or boat routes that can get you there as well as how much they cost.
• FlixBus – Flixbus has routes between 20 European countries with prices starting as low 5 EUR! Their buses include WiFi, electrical outlets, a free checked bag.
• SafetyWing – Safety Wing offers convenient and affordable plans tailored to digital nomads and long-term travelers. They have cheap monthly plans, great customer service, and an easy-to-use claims process that makes it perfect for those on the road.
• LifeStraw – My go-to company for reusable water bottles with built-in filters so you can ensure your drinking water is always clean and safe.
• Unbound Merino – They make lightweight, durable, easy-to-clean travel clothing.
• Top Travel Credit Cards – Points are the best way to cut down travel expenses. Here’s my favorite point earning credit cards so you can get free travel!
• BlaBlaCar – BlaBlaCar is a ridesharing website that lets you share rides with vetted local drivers by pitching in for gas. You simply request a seat, they approve, and off you go! It’s a cheaper and more interesting way to travel than by bus or train!
• Take Walks – This walking tour company provides inside access to attractions and places you can’t get elsewhere. Their guides rock and they have some of the best and most insightful tours in all of Spain.

Madrid Travel Guide: Related Articles

Want more info? Check out all the articles I’ve written on Spain travel and continue planning your trip:

The 7 Best Hotels in Madrid

The 7 Best Hotels in Barcelona

The Best Walking Tours in Barcelona

The Best Walking Tours in Seville

The Perfect 3 Day Granada Itinerary

The 7 Best Hostels in Seville

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Is Madrid expensive? It’s a question that’s usually asked by travelers thinking about hopping across to the flamenco-spinning, tapas-sizzling, literary capital of Spain ; a city of such epic bucket-list proportions and energy that we’re tempted to say go anyway, no matter the cost. It simply MUST be seen.

But expenditure is a reality that all globetrotters have to deal with, and, sadly, no amount of Cervantes texts or Goya masterpieces, no overload of patatas bravas or fun-filled nights in Huertas district, can change that.

Cue this guide. It runs through the ins and outs of what we think a trip to Madrid will set you back. It’s got insider info on the cost of everything from flights to hotels, details on what a week-long vacation and a cheeky city break should do to the bank account, and even some handy budget-saving tips along the way. Let’s begin…

Table of Contents

How much does a holiday cost in Madrid?

That all really depends. Sorry, annoying answer, but it’s true. Overall, we’d say that the average traveler staying in a midrange hotel and eating in midrange restaurants will spend about $1,375 for a week’s stay in the city. That doesn’t include the cost of travel into Madrid in the first place, though, which can vary from $600 for a long-haul connection from the USA to just $30 for a short-haul link to London.

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It’s also worth bearing in mind that Madrid is a major city break destination. It’s not all that common to come for a whole week. Most travelers will either jet in and jet out within three or four days or move on to explore the wild Spanish sierras or the sun-splashed Costa del Sol. Doing that means you’ll spend less overall in the capital, with four-night sojourns coming in at an estimated $785 per person.

Finally, some people will get away with spending a fraction of our guess here. They are the ones that will do free things (and there are lots of free things to do in Madrid) and stay in wallet-friendly hostel accommodations. On the flip side, Madrid can also cater to the monied crowd, with palatial hotels that cost $1,000+ a night and Michelin restaurants that do upscale fine dining.

Is Madrid expensive to travel to?

Again, this one depends. Traveling to Madrid from elsewhere in Europe is actually pretty cheap – it’s one of the best-connected capitals on the continent. However, getting in from further afield, like the USA or Asia can be a lot pricier.

The main airport in the city is the Adolfo Suárez Madrid–Barajas Airport. It’s one of the biggest in Spain , serving a whopping 17 million passengers each year. It’s likely that’s where you’ll land if you’re on either a long-hauler coming from stateside or a short-hauler from another EU city. The reason? Flag carriers like Iberia (who fly to Asia, South America, and North America) join with budget brands like Ryanair to offer connections in from all sorts of places.

Price wise, there’s going to be significant variation depending on your origin destination and the carrier you go with. You can grab low-cost links to Madrid for as little as $20 per person one way if you’re lucky. However, transatlantic links can also cost upwards of $1,500 return. The key is to book early and use a comparison site like Skyscanner to seek out the cheapest deals in the moment.

A more romantic way to travel into Madrid is by train. It’s a great option if you’re already in Europe, as the locomotives here are high-speed and very modern. It’s also not that expensive, costing just €34 ($37) from Paris if booked in advance of travel and a little more with connections to other cities further east – Amsterdam, Berlin, Brussels.

Short-haul travelers arriving from Europe should budget about $120 for flights to Berlin overall. Long haulers might need something closer to the $500-700 mark.

Is Madrid expensive for hotels?

Madrid is packed to bursting with hotel choices. Booking.com returns a whopping 3,000+ accommodations in the big city. That means that there should be something to suit all budgets and all styles of traveler, no matter if you’re keen to keep costs low or want to splash out on that fancy honeymoon pad to mark the big day.

Here’s a look at a few options across the spectrum of hotels in Madrid:

• Relais & Châteaux Hotel Orfila ($$$) – You’ll be living like a Spanish royal at this uber-classy hotel, set in a 19 th -century palace that hosts its own Michelin-starred restaurant.
• Hotel Cortezo ($$) – A tried and tested hotel that’s close to the Puerta del Sol (Madrid’s main hub), complete with a lovely rooftop terrace that overlooks the metropolis.
• Ok Hostel Madrid ($) – Budget backpackers should check out this highly-rated hostel in Centro. It’s clean, it’s welcoming, and it’s fun.

Apart from the quality of the hotel, you’ll also notice that rates change dramatically depending on the location and the time of year you travel. Generally speaking, hotels within eyeshot of main plazas like the Puerta del Sol and Plaza Mayor will cost more. Prices can also soar here during main holidays like Easter and the midsummer, especially when the schools in Europe finish around late June.

We think a hotel budget of between $80-120 is good for Madrid.

Is Madrid expensive for food?

Beckoning with its reams of tapas and stacks of Iberian hams, Madrid is unquestionably a city for gourmands. Come here to munch on small plates of sizzling spicy potatoes, to sample sweet La Mancha cheeses doused in highland honey, to chow paella and meaty albondigas balls in tangy sauces. Mmm.

What’s great is that dining doesn’t cost an arm and a leg in Madrid. It can if you visit only Michelin-starred joints like Coque and Ramón Freixa Madrid . But those are places reserved for the jet setters among us. Mere mortal foodies still have oodles of immersive tapas places to get stuck into, where small plates range from $3 to about $10 for the most specialty and hard-to-source stuff. That means a whole meal with drinks can be under $30 for two.

Madrid also has loads of food markets that help street food aficionados and folks with self-catering accommodation chow down for less. They include:

• Mercado de San Miguel – An old-school dining market where you can drink Rioja from the tap for $2 a glass and get oysters for pretty good rates. The people watching is also excellent.
• Mercado de San Ildefonso – One of the gems of the Malasaña area is this chic new food hall. Set over three floors, it’s got creative vegan eats, artisan bakers, South American steak purveyors – you name it!
• Mercado de la Paz – Come here to shop for ripe Spanish tomatoes, olives, and Mediterranean seafood. It’s old and very local.

A good budget for food in Madrid is about $50-60 per day. That could be less if you pick a hotel that offers breakfast as part of the booking.

Is Madrid expensive for nightlife?

Madrid’s nightlife scene is nothing short of legendary. Among all the cities of Western Europe – Paris, London, Lisbon – this one stands out as a particularly hedonistic customer. To put it another way: It’s wild! Parties happen all over, but the districts of Huertas, Malasaña, and La Chueca are the main anchors of it all. They offer bumping nightclubs like Kapital next to inviting LGBTQ+ bars and cerveza outlets with uber-casual vibes.

The going rate for a beer in Madrid is around about the €3.50 ($3.90) mark. That’s cheap compared to other big towns in Europe and North America. Wine is also affordable, with some hole-in-the-wall joints selling a glass of rich Spanish Rioja for less than $2 a go. The cost of drinking does increase considerably as you make for the late-night venues, but it’s even cheaper if you hit the supermarkets and stock up on your own, although remember that drinking in parks and public places is no longer permitted in the city .

If you’re planning on hitting the party places in Madrid, we’d add about $80 to the budget per night out.

Is Madrid expensive for things to do?

The good news for budget-conscious travelers to Madrid is that there’s plenty to be getting on with in this city without spending a single dime. Here are just a few suggestions:

• Sightseeing – Wandering the core of old Madrid is one of the great joys of a visit to this town. As you go, you’ll spy out royal palaces and grand plazas that date back centuries. The best part? It’s 100% free to do, but we would recommend a good pair of comfy walking shoes – Madrid is big!
• Museo del Prado – There are free-entry slots available at this, arguably Madrid’s and Spain’s most acclaimed museum , during the late-evening sessions close to last entry. You’ll need to go around fast but it’s gratis.
• El Retiro Park – Stroll, picnic, and soak up the sun in El Retiro Park, the biggest and most famous green space in the capital.
• San Ginés Church – Just one of the many free-to-enter churches in Madrid, this one has a history that goes back 700 years!

Other activities in Madrid will require a designated budget. Here’s a look at some of the top-rated activities that you might want to consider spending some of that dosh on…

• Entry to the Prado Museum ($17) – It’s €15 per person if you don’t want to wait around for the free slots later on in the day. It’s a must of a collection in there!
• A private food and tapas tour ($110) – Guided tours of the tapas joints are a must for foodie travelers. They aren’t cheap but they are tasty!
• Tour of the Santiago Bernabeu Stadium ($30) – Join a tour of the home of Real Madrid, arguably the most famous and successful football club in the world.

We’d say a budget of $30 per day would let you do a good amount in Madrid, and you can also mix in some paid things with free things.

Is Madrid expensive? Our verdict

Madrid is pricier than a lot of places in Spain, but it’s not that expensive when compared to other major metropolises in Western Europe – think London and Paris. Overall, a week-long stay here should cost in the region of $1,350, which is significantly less than you’d need to fork out in the English or French capital. That’s based on a midrange stay and midrange eating and drinking, with a night out and some activities per day. You could, of course, spend a lot more, while others will get by in hostels in the off season to spend a lot less.

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How much spending money do I need in Madrid?

This article is part of our Spending Money Guide Series : The WeSwap community spent upwards of £38 million around the world last year. That works out at roughly 1.2 transactions every minute. We’ve taken that data, crunched it and created a series of travel money spending guides, based on how actual travellers travel and spend abroad.

In many ways, Madrid seems to come second best to Barcelona's in the minds of travellers. Strange as this is Spain's capital city and it's not short of great things to do and see. The truth is, Madrid and Barcelona are both great and they both have their own strengths .

But how many Euros do you need to budget for a day in Madrid? Or Barcelona for that matter? We've got you covered

Average daily spend by real travellers in Madrid: €95

This reflects what everyday travellers tend to spend in Madrid. Think mid-range - most of the major attractions, a few cab rides, maybe a big night out, and a bit of shopping on the side. It doesn’t include the cost of hotels or car hire as these are often booked in advance.

• Eating Out: €35  per day
• Entertainment (bars, tours & attractions): €38  per day
• Transport: €20 per day
• Shopping: €52 per day

Want to see where it all goes? Read on!

Cost of Entertainment in  Madrid

Before we get any further, it's worth noting that not everyone speaks English in Madrid - don't expect it like you would in other parts of Spain - so take a phrase book and do a bit of swatting before you go...

Real Traveller Average Daily Spend : €40

• “WeSwapper Favourite”Royal Palace of Madrid  - €15
• Museo Nacional Reina Sofia  - €8
• Museo del Prado  - €15
• “Staff Pick” Rowing in  Retiro Park

For a fix of museum Art head to tree-lined  The Paseo del Prado  where you'll find the "Golden Triangle of Art". The world-famous Prado is Spain's most prestigious and popular art museum.  Museo Reina Sofía close by is the national home of 20th century art which means painting by the like of Dali and Picasso.

The Prado is Madrid's most popular museum

Rowing in  Retiro Park . This park used to belong to the royal family but now it's open to everyday travellers (and royalty too of course, if they want to).

This still feels like a royal park, the gardens are impeccable, the bushes are pruned and the sprinkles always on. The park is especially lively on weekends, when street musicians, jugglers, and sidewalk painters entertain.

The boating lake is great fun and for any sun worshippers out there, it's an excellent way to get a tan. And tone up your arms at the same time of course. Double whammy.

Rowing in the magnificent Retiro Park is our staff recommendation

Cost of food and drink in  Madrid

Real Traveller Average Daily Spend: €38

• “WeSwapper Favourite” Chocolateria San Gines - €8
• Mercado de San Migue l - free
• Cocktail with a view: Azotea Del Circulo
• Glass of wine/beer in the bar €3
• Cup of coffee - €1.80
• “Staff pick” El Tigre - free food

Chocolateria San Gines:  The food establishment where WeSwap travellers spend the most in Madrid is a Chocolateria! Of all the spending guides we've created, this is the only time that has happened. Actions speak louder the words so the message is: go and experience this chocolate.

The impressive glass and wrought-iron Mercado de San Miguel is one of the liveliest culinary spots in the city and has been since a six-year restoration completed in 2009. It's filled with stalls selling scrumptious food of a typically European variety: cured meat, olives, cheeses and of course, wonderful paella. Go before the midday rush if you want a seat.

Mercado de San Miguel - the best market in town, inside and out

Our "cocktail with a view" choice is the Gau&Café. This one is the definition of a hidden gem in that it's actually hidden. There are no signs on street level so double check the address before you set off. The terrace is on the fourth floor of the university library. The area is split into two zones, for eating and drinking.

Staff pick: El Tigre. If you can actually make it through the door, order a beer or a cider and marvel at the hefty tapas that come with it – patatas bravas, 'jamón serrano', Spanish omelet... it's all free, and each plate varies (and gets bigger) with each round. The bar itself is incredibly noisy and always absolutely rammed. But it does disprove the theory that there's no such thing as a free lunch.

WeSwap tip:  The Spanish eat their big meal of the day during lunch time. Most restaurants offer a menu of the day from Monday to Friday for lunch only. This is usually a bargain and may cost between 8 to 13 euros, as of writing.

Cost of Transport in  Madrid

Real Traveller Average Daily Spend : €17

• Taxi from Airport to the centre: €30
• Metro into city from the airport: €5
• Metro fare (per trip):  €1.50-€2

First and best advice: take the metro! It's cheap, extensive, and extremely easy to navigate, even if you don't speak Spanish. The metro is well connected to the city center, a trip that takes about 45 minutes from the airport. All metro rides are 1 euro, and there's a 1 euro surcharge for airport trips.

Cost of a Shopping Trip in  Madrid

Real Traveller Average Daily Spend: €52

Madrid is a very interesting city for shopping. International brands mix with local shops opened until very late (normally from 10 am to 10 pm), where you can find almost everything: clothing, shoes, food, wines, souvenirs... from very different styles, at very different prices.

Salamanca District - This is one of the most upscale neighborhoods of the city centers, where you can find cool restaurants, fashion bars and expensive shops. The main avenues are Calle Serrano and Calle Velázquez, but it is recommended that you also explore the small streets of the area, as you can find some surprises in them. Calle Claudio Coello and Calle Lagasca are filled with a wide variety of shops.

The Salamanca District is Spanish luxurious

Last checked and updated: 15.03.2017. All travel, accommodation, and entertainment costs are taken from the provider’s official website – but don’t forget to double check yourself first before you head off.

If you're planning a trip to Madrid, then you might consider WeSwap for your Euros . Our peer-to-peer platform makes travel money up to 90% cheaper for travellers. You'll also join a 200,000+ community swapping travelling tips and wisdom as well as their travel money!

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The Cost of Travel in Spain: My Detailed Budget Breakdown

I’ve spent so much time travelling across Spain — almost six months in total!

I’ve been lucky enough to spend six weeks exploring Madrid and three months living in Granada. I’ve taken short trips to Valencia, Girona, San Sebastian, Bilbao, and Ronda, visited Barcelona three times, island-hopped in the Canaries and flown to Mallorca five times. I’ve even hiked the Camino de Santiago! I just can’t stop returning to one of my favourite countries in Europe.

Over the time I’ve spent in Spain, I’ve learned an awful lot about how much it costs to travel there — and I’ve kept meticulous track of every single cent I’ve spent, too. While prices have risen since the pandemic, especially in the most popular tourist destinations, I still find it a very affordable place to travel.

Today, I’m excited to share just how much you can expect to spend on travel in Spain, based on my own personal experiences, and how you can get the most bang for your buck euro while you’re there! 

Let’s get started. 

The Cost of Accommodation in Spain

I know I have a ton of readers who are all about that backpacking life, so I want to kick off this section by running through some of the accommodation options out there for budget travellers.

Couchsurfing  is a great way to save money while taking a deep-dive into life in Spain. You’ll stay with a local for free, sleeping on their couch, and learning about their day-to-day life in the country. It’s not the most comfortable of travel experiences, of course, but you’ll learn more about what it’s like to be Spanish than you would by staying in a hostel or hotel. You can browse a list of Spanish Couchsurfing hosts  on the Couchsurfing site — with over a million hosts, you’ll find welcoming locals in almost every town and city across the country, many with outstanding reviews.

Housesitting  is another good option for saving money in Spain. Housesitting is exactly what it sounds like — you’ll take care of somebody’s house for free while they’re away, usually while looking after their pets. This approach is going to be best for long-term travellers or retirees: you can’t pick and choose dates and destinations, so need to have flexibility over where you go and when. If you do have that freedom, it’s a wonderful way to cut down your travel expenses, soak up some home comforts, look after some adorable animals, and live like a local for a while.  Trusted Housesitters  is one of the best sites for getting started with housesitting.

And finally, if you’re travelling long-term and don’t mind getting your fingers dirty, you could look at  WWOOFing or  WorkAway as a way to cut down your costs while working on a farm in exchange for accommodation and food. It’s not the most glamorous travel you’ll ever do, but getting to live for free in a foreign country is an incredible experience, so if you’re backpacking around Europe, this may be the way forward for you.

I’m suspecting, though, that for many of you, you’re not interested in the free accommodation and just want somewhere clean, safe, and affordable to rest your head each night. If that’s the case, there are several options available for you.

The first of these is  hostels . In Spain, you’ll come across hostels all over the country, from the big cities to the small villages to beachside hideaways. They’re one of your best options for saving money, and aren’t just for the backpackers.

Hostels in Spain are generally cheaper than equivalents elsewhere in Western Europe, with the big exception being Barcelona over the summer, but even then, it’s still not outrageous. You can expect to spend around  €25 for a dorm bed  in most spots in Spain, with the price increasing to around  €30-40 a night  on the beaches and more tourist-filled areas.

When it comes to private rooms in hostels, prices vary a lot. You can expect to spend as little as €45 a night  for a clean, basic room in a good location in less-touristy towns, and double that in popular beachside cities in the middle of summer. If you’re travelling with friends or a partner, you may find it cheaper to grab some privacy over settling for two beds in a dorm room.

If you’re an older traveller and put off by the thought of nights spent in hostels, you shouldn’t be! Private rooms are usually very quiet and clean, and most hostels are modern, safe, and centrally located. They tend to have a little more personality than generic hotels, and the staff are fantastic at offering kickass travel advice. As long as you check the reviews of any hostel before booking it to make sure nobody refers to it as a party hostel, you’re all good to make a booking there. I use  HostelWorld  to find the cheapest hostels.

And, of course, there are always hotels, which give extra comfort and luxury and start at around  €100 a night for a simple guesthouse, rising to €150-200 for a three or four-star hotel in a central area, and €250+ for luxury accommodation. I always use Booking to find guesthouses and hotels when I travel, as they have the greatest selection for the best prices. After staying in so many hotels and guesthouses across Spain, these are the places I’d most recommend!

I’ve stayed in several different hotels in Madrid , but my favourite has to be Casa du Soleil (€150) . Easily accessible by metro, it’s only a short walk from all the attractions of the city centre in one direction and the vibrant Lavapies neighbourhood in the other, while having thick walls and being on a quiet side street to ensure a good night’s sleep! The rooms are super-modern and stylish, with comfortable beds and large bathrooms (the shower is fantastic!), and there’s a communal kitchen downstairs with free milk and cereal in the morning and tea and coffee all day.

Barcelona is a very popular place to visit, which can make it hard to find good, reasonably-priced accommodation in a central area. One of the few exceptions is Hotel Jazz (€194) , which is in a perfect location just a couple of minute’s walk from Plaza Catalunya and the start of La Rambla, the city’s famous walking street. The rooms are clean, modern, and unusually large for Spain, and I love the incredible views over the city from the rooftop pool and terrace area. A tasty buffet breakfast is available each morning, but if you’d rather go out to eat, there are hundreds of good eating options within just a few blocks!

Heading to Seville ? This beautiful city is one of the cheaper parts of Spain, and that’s as true for accommodation as anything else. For just €126 a night, Hotel Giralda Center is in an ideal spot, away from the busiest part of the central city but still just a short walk from the city’s biggest attractions. The hotel is basically brand new, and it feels like it: the rooms are huge, with modern touches like a smart speaker so I can play my own music. The staff are super-friendly staff, the breakfast is one of the better ones I’ve come across in a Spanish hotel, and the rooftop pool is very welcome in the summer heat!

I’ve spent more time in Granada than anywhere else in Spain, and can’t get enough of this wonderful southern city! Like Seville and other parts of Andalucía, it’s less expensive than much of the rest of Spain, which makes for some great deals on accommodation. At €109 per night, Hotel Granada Center is a bargain for what you get. It’s close to the train station, a short walk to the old town, and a slightly longer walk to the Alhambra: central Granada is small, so it isn’t far to anywhere you’ll want to go. I really liked the comfortable bed and modern bathroom, and was very surprised by the size of the balcony: it’s huge! There’s a restaurant in the hotel that does good food throughout the day, but like I mentioned earlier, in Granada you get free tapas with a drink: somehow that seems to deal with many of my meals when I’m in town!

The Cost of Transportation in Spain

If you’re going to be hitting up the major cities in Spain, you’re in luck: public transportation is extensive, affordable, and of a high quality. Getting around is easy: if you’re happy to hop on a bus or train, you’ll be able to access pretty much anywhere in the country. 

Within the cities themselves, you’ll use buses and metros to get around, as well as taxis. Uber, unfortunately, isn’t in Spain, although you can use the similar Cabify app in several cities across Spain, from Madrid and Barcelona to Seville, Valencia, and more. Madrid also has a fantastic metro, and Barcelona’s is pretty decent. For the rest of the cities, you’ll probably get around by bus, tram, or light rail.  

When it comes to train travel between cities, it’s time to get yourself acquainted with RENFE, which runs the train system. You’ll find both high-speed and regular trains across the country, with the former obviously being more expensive. Trains run reasonably on-time, are in good condition, and easy to book online . I’ve travelled by train between several cites, including Barcelona and Valencia, Madrid and Granada, and Granada and Ronda, and enjoyed my rides. 

Buses are safe, clean, and comfortable in Spain, and often very cheap. It’s not surprise I find myself regularly using them! ALSA is the main bus company in Spain, and has an English-language version of its website that you can use to search and book tickets. 

Whether you’re taking a bus or train, you’ll save money on all but the shortest trips by booking at least a few days in advance versus just showing up at the station.

Spain is quite a large country, so if you’re short on time, it might be worth looking at flights as well. Several airlines, both budget and full-service, operate between many of the cities: I use Skyscanner to search them all at once. I’d only suggest this for extra-long journeys, though: most of the time when I’m going from centre city to centre city, I find it cheaper and just as quick to take the train.

Here’s what I paid for my trips across Spain:

• Bus from Barcelona to Madrid: €9
• Bus from Barcelona to Valencia: €12
• Bus from Bilbao to San Sebastian: €7.50
• Train from Madrid to Granada: €42
• Train from Seville to Madrid: €40
• Train from Barcelona to Valencia: €33
• Train from A Coruña to San Sebastian: €41
• Train from Barcelona to Girona: €13
• Flight from Seville to Barcelona: €50

The Cost of Food in Spain

Spanish food is such a great cuisine! I always forget about it when I think of the great cuisines of the world, but as soon as I touch down in the country, I’m so enamoured by all there is to eat. And let’s not even talk about the jamon iberico — swoon!

If you’re going to be backpacking in Spain, cooking a bunch of meals in your hostel kitchen is a good way to keep your food costs down. Head to a local market or supermarket near to where you’re staying and stock up on ingredients. Here are some typical prices of food and groceries in Spain to help you budget better:

• 0.5l of draught beer: €3
• A bottle of house wine in a small restaurant:  €8
• Coffee in an hipster area of town:  €2
• Litre of milk:  €0.80
• A loaf of bread:  €1
• A dozen eggs:  €1.50
• 1 kilogram of tomatoes:  €1.50
• 1 kilogram of potatoes: €1
• A 1.5l bottle of water:  €0.50

The good news is that eating out in Spain doesn’t have to be expensive, so even if you’re on a budget, you’ll still be able to regularly enjoy the local cuisine!

One of my favourite cultural experiences in Spain is eating tapas in Granada. Why? Because they’re completely free. Yep, Granada has this fantastic thing where whenever you order a drink, you get a free plate of food. Order a couple of glasses of wine or a few beers and you won’t need to pay for dinner. If you already plan on drinking with your meals, this is a great way to cut costs and try some local meals. 

Some of my favourite alcoholic drinks come from Spain, and I urge you to try them. Clara is beer with lemonade, tinto de verano is red wine with lemonade, and my favourite is kalimotxo , which is red wine and Coca-Cola. I know the last one sounds disgusting, but trust me, trust me, trust me, it’s incredible! If you see it on the menu, you have to order it. 

So let’s take a look at some of the best local eats you should try in Spain, along with the typical cost of these meals.

When it comes to breakfasts, continental Europe nearly always frustrates me. I’m not a huge fan of pastries and they do tend to rule in this part of the world. A popular option is chocolate con churros — yes, that’s right. Churros and chocolate for breakfast!

That said, there are other options! One of the more common breakfast dishes is tostada con tomate, aceite, y jamón  — bread topped with tomatoes, olive oil, and ham. It’s not the most flavourful of meals, but that doesn’t matter because the food is fresh and it always tastes delicious. You’ll be able to score a potato omelette (tortilla de patatas ) in the northern regions of Spain, and you’ll often see a  jamón sandwich or roll on the menu as well. As for cost, you’ll be looking at around €5 for breakfast, which usually includes an orange juice or coffee to wash it down. 

Let’s talk about lunches next. Bocadillos are everywhere and when the  jamón is as good as it is in Spain, you’re probably going to eat a hell of a lot of them. I’ve been offered all kinds of fillings in them, including cheese, tomato, tuna, potato omelette, and of course, cured meats like chorizo and several types of ham. If you’re after something reasonably light for lunch, this is the way to go: you’ll pay around €4-5 .

Lunch is typically the largest meal for the locals, though, so if you want to do as they do, prepare yourself for a several courses in the middle of the day. Think cold meats and cheeses to start, followed by a small bowl of soup. Next, you’ll tuck into paella or a fish in lemon sauce, force yourself to eat some roasted pork, then finish it all off with a flan for dessert. Yeah, it’s a lot. Overall, full lunches in Spain range between €20 and €40 , depending on how large you want your meal to be and how many glasses of wine you order with it!

Now, if you’re not already aware, the Spanish eat their dinners late. I remember turning up in Granada, forcing myself to wait until 8:30 p.m. before heading out for dinner, and then sitting alone in a restaurant for an hour before the first locals started showing up. Yes, part of the reason why you’ll want to have a huge lunch is because you’ll probably go out for dinner at 9 p.m. at the earliest! When it comes to the type of meals you can expect to eat, some of the more popular dishes are tapas, of course, as well as paella, croquettes, oxtail stew, gambas (shrimp, usually cooked in garlic), salted cod, and Iberian pork. You can expect to spend around €25 – €45 for dinners in Spain.

One way of saving money at dinner and (especially) lunchtime is to look out for smaller, often family-run restaurants offering a menu del dia . These “dishes of the day” typically involve three courses: a starter such as a soup or salad, a main course with chicken, pork, or seafood and rice or potatoes, and a dessert like a flan or ice cream. Water and/or wine is often included, and you’ll usually pay around €15-20 total for a very filling meal.

The Cost of Activities in Spain

We’ve covered accommodation, transportation, and food, but let’s face it: you’re not going to have the trip of a lifetime if you skip out on entrance fees and activities! Here’s a detailed breakdown of some of the entrance fees you’re likely to encounter while travelling around Spain:

• Entrance to Sagrada Familia, Barcelona:  €26 
• Entrance to Park Guell, Barcelona: €10
• Entrance to the Guggenheim, Bilbao: €15
• Entrance to the Great Mosque, Cordoba: €13
• Entrance to Seville Cathedral: €12
• Entrance to the Alhambra, Granada: €19.09
• Participating in La Tomatina festival: €12

Don’t panic, though! There are plenty of ways to keep your activity costs down while you’re in Spain, and I’ve always had a wonderful time in the country simply walking through the cobblestone streets, lying on the beautiful beaches, and walking in the countryside. There are tons of free museums to enter, whether you’re travelling in Madrid, Barcelona, Valencia, or elsewhere. Confession: I’ve never paid to enter the Sagrada Familia, but I still was awed by the exterior of this iconic building. 

One way to save money but still gain a taste of the local culture is to spend a couple of hours wandering around a local market. Spain has some great vintage flea markets to take a look around, and I always find myself drawn to them, even if I’m travelling on a tight budget. I’m a huge fan of El Rastro in Madrid, Alcaiceria flea market in Granada, Mercadillo del Jueves in Seville, and Plaza Redonda Market in Valencia.

I love taking tours to really delve into a country, and these days, I book pretty much every activity I do through Get Your Guide , so I recommend checking them out for inspiration. They have hundreds of activities and tours available across Spain. One of the best tours I’ve taken with them was the three-countries-in-one-day tour ( €109 ), where I got to check out parts of Spain, France, and Andorra, leaving from Barcelona. 

These are the highest-reviewed tours you can jump on through Get Your Guide:

• Timed entry ticket for Sagrada Familia in Barcelona : €33.80
• San Sebastian Evening Pintxos Tour with Wine : €116.10
• Flamenco performance in Seville : €25
• Monserrat tour from Barcelona : €85
• Fast-pass ticket for the Alhambra in Granada : €24.59
• Tapas and wine walking tour of Madrid : €80
• Game of Thrones-themed tour of Girona : €35

Don’t Forget Travel Insurance!

Regular readers are already sick of hearing me ramble on about the importance of travel insurance. 

Yes, if you’ve read any other posts on Never Ending Footsteps, you’ll know that I’m a great believer in travelling with travel insurance. I’ve seen far too many Go Fund Me campaigns from destitute backpackers that are unexpectedly stranded in a foreign country after a scooter accident/being attacked/breaking a leg with no way of getting home or paying for their healthcare. These costs can quickly land you with a six-figure bill to pay at the end of it.

In short, if you can’t afford travel insurance, you can’t afford to travel.

Travel insurance  will cover you if your flight is cancelled and you need to book a new one, if your luggage gets lost and you need to replace your belongings, if you suddenly get struck down by appendicitis and have to be hospitalised, or discover a family member has died and you need to get home immediately. If you fall seriously ill, your insurance will cover the costs to fly you home to receive medical treatment.

I use  SafetyWing  as my travel insurance provider, and recommend them for trips to Spain. Firstly, they’re one of the few companies out there who will actually cover you if you contract COVID-19. On top of that, they provide worldwide coverage, don’t require you to have a return ticket, and even allow you to buy coverage after you’ve left home. If you’re on a long-term trip, you can pay monthly instead of up-front, and can cancel at any time. Finally, they’re more affordable than the competition, and have a clear, easy-to-understand pricing structure, which is always appreciated.

With SafetyWing, you’ll pay  $1.50 a day  for travel insurance.

How Much I Spent While Traveling in Spain

As I mentioned at the start of this post, I’ve been tracking every Euro and cent I’ve spent since I started travelling in 2011 and Spain is no different. I’ve taken a look at how much I’ve spent on accommodation, transportation, food, and activities over the six months I’ve spent in Spain and calculated the overall average, which I’ve shared below: 

• Accommodation: €145 per day for two people, so €72.50 each
• Transportation: €13.22
• Food: €23.80
• Activities and entrance fees: €12.94

My total daily expenditure in Spain is therefore: €122.50 ! Not bad at all! 

And that’s it for my budget breakdown for Spain! Let me know if you have any questions in the comments below :-) 

Related Articles on Travel in Spain 🧳 How to Pack for Spain: My Complete Packing List 🇪🇸 Top Things to Do in Madrid 🥘 28 Incredible Things to Do in Barcelona, Spain ⛰ Exploring Ronda, Spain’s Spectacular Cliffside City 🏰 The Cost of Living in Granada, Spain

Articles on Walking the Camino de Santiago Across Spain 🚶🏼‍♀️ What’s it Like to Walk the Camino Primitivo? 💶 How Much Does it Cost to Walk the Camino de Santiago? 🎒 What to Take on the Camino Primitivo: My Detailed Packing List 🤔 Reflections on Walking My First Camino

Lauren Juliff

Lauren Juliff is a published author and travel expert who founded Never Ending Footsteps in 2011. She has spent over 12 years travelling the world, sharing in-depth advice from more than 100 countries across six continents. Lauren's travel advice has been featured in publications like the BBC, Wall Street Journal, USA Today, and Cosmopolitan, and her work is read by 200,000 readers each month. Her travel memoir can be found in bookstores across the planet.

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I’ve been living in Barcelona for a few years now and I can definitely say it is a great stop for nomads. The city is fun, there are tons of events for startups and tech people and there is a great coworking ecosystem with some amazing places to work from.

That’s great to hear! I’m thinking of moving to Barcelona later this year.

I’m planning a jaunt to Spain for later this year, hopefully when lockdown ends. I have two weeks and can’t decide whether to go north or south. Budget is a big concern of mine too — which would you suggest?

Thanks Lauren, one of the most complete articles I have seen on the subject. Im sure it will help a lot of people who plan to visit Spain. I will reference the post on my site as well.

Hi! I’m working online now and was thinking of hopping around Spain for a few months. Is there decent public wifi in most places? Do you have ideas about the cost of unlimited data plans as a traveller to use as a hotspot?

(Love your page here – lots of awesome information and I’m feeling more confident about making a trip happen!)

Some really great tips here. I did a 2 week trip around Spain at the end of 2021 and I have to agree, free tapas are the best! I made the most out of my food budget by eating a menu del dia for lunch and free tapas at dinner. Oh, and talking to lots of locals who then fed me :-) Wish I’d done some Coachsurfing though.

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Meet Lauren Juliff

Budget-friendly guide for an affordable trip to Madrid

Niklas Forstreuter

• May 3, 2022

Madrid is actually a lot more affordable than most people think and the perfect city for a budget-friendly backpacking trip. You can save money while still enjoying delicious local food, seeing all the sights and getting to know other travellers. The cost of living in Madrid is relatively low and the tips in this budget guide will help you save a lot of money. With beautiful culture, lively nightlife and lots of things to see and do Madrid is a hotspot for tourists, backpackers and other types of travellers. Visit iconic places like the Prado, Palacio de Crystal and the Royal Palace before enjoying a plate of tapas in a local bar. This budget guide to Madrid contains all you need to know for an affordable and fun trip.

This post may contain affiliate links, which means we’ll receive a commission if you purchase through our links at no extra cost to you. This helps us keep Guide Your Travel free and provide high-quality content for you. Please read the full disclaimer for more information.

Is Madrid an expensive or affordable city?

Madrid is the capital of Spain so it won’t be as affordable as other parts of the country. Of course, you’ll spend more here than you might in more rural parts of Spain but that will be the case with any large city. However, Madrid is known to be one of the most affordable capitals in Europe with significantly more budget-friendly prices than places like London, Rome or Paris. If you’re looking for a large city that isn’t too expensive and can be done on a budget Madrid is a fantastic choice. It has a unique combination of nightlife and culture which means there is something for everyone. Madrid is the perfect city for backpackers looking for affordable prices, a low cost of living and budget-friendly attractions. Planning on moving to Madrid? Find all you need to know in this Ultimate Guide to living in Spain .

Let me save you time and effort when you’re travel planning! ➼ Best travel insurance? SafetyWing ➼ Best place to find cheap flights? Skyscanner ➼ Best bank & credit card for travellers? Wise ➼ Best travel backpack? Osprey Farpoint 70

Is Madrid good for backpackers?

A lot of backpackers who are on a tight time schedule will choose to skip Madrid and head for Barcelona instead. With its location right by the ocean, Barcelona can be a tempting choice but this doesn’t mean you should be missing out on Madrid which isn’t as expensive and just as fun for backpackers . With a very wide selection of hostels, free attractions and some of the most affordable bars in southern Europe Madrid is a true backpacking paradise. The community of budget travellers is strong in this city and meeting new people won’t be an issue. Especially during the summer, Madrid will be full of university students travelling between semesters, or international Eurorail backpackers. The cost of living in Madrid is very reasonable so definitely stay for a while if you have time and want to save money. Since most important attractions in Madrid are located very close together you can explore the city in only a few days. Paired with the cheap prices Madrid is the perfect place to go if you want to save money and experience a lot.

Affordable places to stay in Madrid and save money

The largest expense on most trips will be accommodation (excluding flights). If you want to keep your costs low in Madrid choosing a more budget-friendly accommodation option is incredibly important. In general, the earlier you are able to book the better the deals will be. Booking at least six months before you plan to travel is recommended to keep the cost low especially if you’re visiting Madrid during the popular months of May to September . But just because you’re planning a spontaneous trip to Madrid doesn’t have to mean it can’t be budget-friendly. Since backpackers tend to avoid planning too far ahead hostels in Madrid can actually still have some great deals even a few months or weeks before you’re looking to travel.

Couchsurfing

Couchsurfing is always going to be the cheapest choice for accommodation in a large city. However, the platform is not what it used to be and needless to say, spots fill up very fast especially during the summer. Finding a host can be nearly impossible especially in Madrid which is a hotspot for backpackers trying to avoid expensive accommodation.

Always make your own safety a priority even when travelling on a budget. As a solo (female) traveller only use couchsurfing cautiously and avoid staying with hosts without reviews.

Are hostels in Madrid expensive?

Hostels are probably the best choice for solo backpackers visiting Madrid on a budget. You can choose between lively party hostels or quieter options where you can get a good night’s sleep after a long day of sightseeing. The most affordable hostel rooms will be dorms of eight to twelve people . While the cheapest hostels most likely won’t have the most luxurious amenities they’ll be a fantastic option to save money in Madrid. You can even find hostels with very central locations for very low prices so you won’t have to compromise in that regard. Hostel prices in Madrid start at around €14 per night although more upscale hostels tend to charge around 20€ to 40€ per night for a dorm room.

Is Airbnb in Madrid expensive?

Renting an entire Airbnb apartment in Madrid won’t come cheap. But a great option for budget travellers is choosing a room in a shared rental . Some hostels will also advertise their dorm rooms on Airbnb in which case you should check whether you can book directly with the company to avoid any Airbnb booking fees. A shared Airbnb is somewhat like a small hostel and you can often easily meet other travellers during your stay. This is definitely a great way to keep the cost of living low if you’re spending several weeks or more in Madrid. You can most likely find a room in a shared Airbnb rental in Madrid for around €15 to €25 if you book at least six months in advance. For a central location expect to pay close to €30 to €40 per night.

Are hotels in Madrid expensive?

Nicer hotels in Madrid cost somewhere between €70 and €120 which is definitely not very budget-friendly especially for backpackers. In general, you won’t find hotels that are nearly as cheap as hostels in the city although you might find some deals that come close if you’re travelling as a couple or a group. However, these will be very cheap hotels so expect the rooms and amenities to be very basic. The most affordable hotels in Madrid cost around €35 to €45 per night for two people. Booking at least six months in advance is crucial for finding these low rates.

What’s the most affordable accommodation for backpackers in Madrid?

The cheapest accommodation option for Madrid will be couchsurfing . However, if you’re looking for a more reliable option the next best thing are hostels . With prices as low as €14 per night and lots of opportunities to find potential travel buddies this is an unbeatable option for your backpacking trip to Madrid. Shared Airbnbs come close though although their location is usually not as central .

Always compare prices for hotels. We at Guide Your Travel prefer Booking.com , Agoda or Hostelworld for finding the best deals.

How to eat out on a budget in Madrid and save money

Madrid is the sort of city where you can’t just cook at home every day to save money. The city has a lot of fantastic budget restaurants which still serve delicious food so eating out at least a few times is a must even if your budget is very tight.

The best way to save money while still enjoying local food in Madrid will be free tapas . In Madrid, almost every drink you order in a traditional bar (especially beer) comes with a little snack which can range from a small bowl of chips to full plates of food . This means that you might not even have to order anything except for drinks. Not every restaurant or bar does this to the same extent but if you’re lucky you’ll be full without even having to worry about the price of an entire meal. Two of the best bars in Madrid that serve ridiculously large free tapas are the Taberna Malaspina close to Huertas and Sol and the Sidreria El Tigre near Chueca. This is one of the most popular places in the city for an affordable meal and drink. Keep the cost of a night out in Madrid low and save money with free tapas .

100 Montaditos

Fast food might not be something you’re looking for when visiting Madrid. Of course, you want to get to know the local cuisine and not eat things you could literally have anywhere in the world. 100 Montaditos is a little bit different though. Even though it’s technically fast food, it’s at least somewhat Spanish fast food . A montadito is a little sandwich served with different types of toppings. As the name suggests there are 100 different types you can order at this restaurant (it exists all over Spain , not just in Madrid) and some only cost €1. Even better on Wednesdays and Sundays the entire menu only costs €1 which is an incredible way to save money eating out in Madrid. Of course, portions are small but for such low prices, it’s fair. Plus 100 Montaditos has dozens of locations across Madrid so there is always one nearby. An added bonus is that their beer prices are some of the lowest in all of Madrid at only €1.50 for a 0,4-litre frozen jug .

Takos al Pastor or Takomama

Tacos might not be strictly from Madrid but a lot of people confuse Spanish and Mexican cultures anyway so why not embrace it? Madrid is actually known for its authentic tacos and they’re very affordable. The two restaurants Takos al Pastor and Takomama have almost identical menus and serve some of the best food in town. Their tacos only cost €1 and empanadas or quesadillas are €2.50. Of course, the tacos are quite small so definitely order at least three to get a reasonable portion. These restaurants are so popular that there is a line out the door most nights so come early or order takeaway to avoid waiting. Takomama is less crowded than Takos al Pastor usually although their food is pretty much exactly the same.

Budget-friendly markets in Madrid

Madrid has a lot of indoor food halls or wet markets that also offer food. These can be grouped into two categories: the fancy markets made for tourists or the old markets where locals come to buy fresh produce. The latter usually have small restaurants inside the market selling delicious and affordable dishes including fresh empanadas or sandwiches. These will cost anywhere from €1 to €4. Some of the best markets with affordable food options include the Mercado Maravillas , Mercado Antón Martin or the Mercado de la Cebada . Avoid going to places such as Yatai Market , Mercado San Miguel or Mercado de Ildefonso to eat if you’re on a budget (the food is delicious though so if you want to splurge definitely give it a try). These will be designed for tourists and therefore a lot more expensive, charging anywhere from €7 to €12 for a meal.

One of my favourite ways to save money while travelling is to buy food at a supermarket and have a picnic at least once per day. This doesn’t have to mean you’ll be missing out on the best Spanish delicacies . Even budget-friendly shops in Madrid such as LIDL or Dia have a good selection of fresh baguette, local cheese and ham. You can buy fresh fruit, a glass of olives or even a ready-made Spanish tortilla all for only a few euros . Madrid has a lot of parks where you can enjoy your food all without having to spend a fortune on tapas at a restaurant which will serve exactly the same thing for high prices. Keep the cost of travel low by making picnics a tradition during your time in Madrid

Where to find affordable drinks in Madrid

Madrid has incredible nightlife but a night out can cost a lot especially if you enjoy having a drink or ten. A beer in Madrid can cost anywhere from €1 to €6 and finding the bars on the cheaper end of the spectrum can be a challenge. In an upcoming post I’ll have a complete list of the cheapest bars in Madrid but for now, here are a few tips for having affordable drinks in Madrid.

What do drinks cost in Madrid?

Prices in Madrid will vary across the city and different neighbourhoods. If you know where to go you can definitely find prices as low as €1 for a beer or €4 for a cocktail . However, more often than not you’ll find average prices which are still relatively reasonable. Assuming you’ll be having drinks somewhere close to the city centre of Madrid these are some reasonable drink prices :

Avoid expensive tourist bars in Madrid

Areas like Plaza Major and the surrounding streets attract thousands of tourists every day. This is the wrong place to go if you’re looking for low drink prices in Madrid (except for that one bar which serves beer for €1 right next to Plaza Major , that one is absolute gold). Instead, venture a bit further into the side streets and take your time to compare prices at a few places. You’ll be amazed at how different the menus will be. A night out in Madrid can cost almost nothing or a fortune depending on where you go.

Follow the students to save money in Madrid

Most travellers feel a bit lost when coming to a city for the first time and struggle to find cheap bars. However, students often have been in a place for a while and know exactly where to go. Leave the city centre behind and go to the university neighbourhood of Chamberí (more specifically Gaztambide ). You won’t encounter many other tourists or backpackers here but the drink prices are absolutely fantastic in this part of Madrid. Bars such as Kubo King and Lambar will become your new favourites. Take the metro and get off at Moncloa to get to this area.

Know the drink sizes

Beer sizes and prices in Madrid can be a bit confusing and knowing how large each one is is crucial for finding the cheapest bar. A €1.50 beer sounds fantastic until you find out the glass is about the size of a shot glass. Remember these definitions and you’ll be good to go:

Caña: 0.2 litres Doble: 0.3 litres Jarra: 0.5 litres (sometimes also smaller, this can be a bit unpredictable) Botellin: bottle with 0.2 litres Tercio: bottle with 0.3 litres Cubo: Bucket with four or five bottles

Appreciate 100 Montaditos

Again, the 1 00 Montaditos should be high on your list of places to try if you’re looking for an affordable and budget-friendly place to have drinks in Madrid. They serve frozen jugs (0,4 litres) of beer for only €1.50 which is a nearly unbeatable price. 100 Mondaditos restaurants usually get very crowded during the evening so be prepared to wait a bit to get a table. The low cost of drinks is worth it though making this one of the best budget-friendly places in Madrid.

Accept that nice looking bars in Madrid are usually expensive

When travelling you’ll want to enjoy drinks in a traditional Spanish bar in the heart of the city. However, these tend to be expensive so you’ll have to consider the trade-off between staying on budget and experiencing local culture in Madrid. The most affordable bars with the lowest prices in Madrid will most likely not be the prettiest so just adjust your expectations . For a compromise between saving money and enjoying a traditional setting try one of these options: Alhambra 9 – € 2.50 for a doble (0,3 litres) of beer Taberna Malaspina – € 2.50 for a doble (0,3 litres) of beer Cuevas El Secreto – €2.50 for a doble (0,3 litres) of beer Bodegas Melibea – € 2.20 for a doble (0,3 litres) of beer

Madrid budget-friendly nightlife

Madrid has a fantastic selection of clubs, most of which are unfortunately very expensive. Expect to pay anywhere from €10 to €30 entrance fee per person. While this can partly count as a drink voucher in some cases, you’ll still end up paying a lot for a night out. The best strategy is to come very early which will get you into some clubs for free. You can also try this for things such as flamenco shows which sometimes charge less if you come when the venue opens. Also, check the social media accounts of the places you’re planning on going to, to see whether they have a guest list you can get on. This might also save you some money on a night out in Madrid. Finally, avoid clubs or lounges in the Huertas/Barrio de las Letras area. These are usually very expensive and are known for up charging tourists visiting Madrid. For a budget-friendly club night in Madrid try the Fucking Mondays event which is a weekly student party that you can get into for free if you go before midnight and register on the guest list beforehand. Otherwise, try little bars with dance floors in Chueca , Chamberí or the Plaza del dos de Mayo area which usually don’t charge an entrance fee.

Visiting Madrid on a budget? Save this image to have all the important info!

Affordable or free things to do in Madrid

Here are some of my favourite budget-friendly things to do in Madrid as a backpacker.

• Campo del Moro – beautiful, quiet park behind the royal palace. Entrance is free and you won’t encounter as many other people as in Retiro
• Gourmet Experience at Corte Ingles – Rooftop with lots of little restaurants. Outdoor space is limited but going up is free so you can enjoy the views
• Retiro Park – Madrid’s most famous park. It’s absolutely huge so you can easily spend an entire afternoon here
• Palacio de Crystal – Glass palace located inside the Retiro. This is a very famous Instagram spot that you can visit free of charge
• Palacio de Cibeles – Beautiful building housing a cultural centre that hosts free art exhibitions
• Casa de Campo – Giant park with a small lake and lots of hiking trails. Can be reached from the city via the metro
• Free museums – A lot of Madrid’s famous museums don’t charge an entry fee during certain times such as the Prado which is free every evening from 6:00 PM to 8:00 PM
• Local Markets – Madrid has a lot of markets such as El Rastro, a giant flea market that take place every Saturday
• Temple of Debod – An ancient Egyptian temple that was transported to Madrid. Visiting is free of charge
• Cine Dore – Eccentric cinema showing historic films for only €2.50 per person (€2 for students)
• Gran Via – Most famous street in Madrid with impressive buildings, a must-see for all tourists and backpackers
• Almudena Cathedral – Beautiful church opposite the royal palace. They ask for a €1 donation to visit the interior. Access to the crypt underneath the church is free
• Pantheon of Illustrious Men – Historic cloister and burial location for famous Spanish politicians and public figures
• Free walking tours – Available every day and great if you’re interested in history and culture

How to get around on a budget in Madrid

The vast majority of Madrid’s attractions are located very close together in the city centre so you can actually walk almost everywhere . Technically, you don’t need to spend anything on transport except for the train from the airport into the city. However, if you do want to venture a bit further out or are tired of walking the metro will be the best choice.

Is the metro in Madrid affordable?

Madrid’s metro and bus system is clean , safe and reliable . It’s also one of the cheapest in southern Europe and can take you almost anywhere you need to go. The majority of buses can be used interchangeably with the same tickets as the metro . Within the central city zone of Madrid, a ride with the metro will always cost the same , regardless of how far you go if you use a rechargeable metro card. For single tickets, the price depends on how many stops you go ranging from €1.50 to €2.00 . The cheapest option is definitely to buy ten rides which you load onto a metro card. This costs €12.20 so a single ride to anywhere in the city will be €1.22 . As long as you don’t leave the metro station you don’t have to buy a new ticket even when changing trains. The same applies to buses. You can use your metro card or pay for a ticket when you get on which costs €1.50 per ride . If you’re planning on using the metro or bus system at least a handful of times the ticket of 10 journeys is definitely worth it. Plus you’ll have a lot more freedom when sightseeing or exploring the nightlife. Keep in mind that you need to pay a surcharge of €3 to get to or from the airport in Madrid.

Are the taxis in Madrid affordable?

Taxis will never be the cheapest way of getting around. But if you do need to get somewhere that isn’t accessible by public transport it’s good to know that taxis in Madrid are definitely not incredibly expensive. For around €10 to €20 you can get to most places in the city, depending on the traffic of course. In the evenings in popular nightlife areas it can definitely be a struggle to find a taxi though and many up charge late at night. A trip to the airport of Madrid is also usually more expensive and can cost anywhere from €40 to €80 depending on the time of day. Ridesharing services like Uber or Free Now are also available in Madrid and tend to be a few euros cheaper than a traditional taxi . However, their prices change according to demand so always compare to taxis which tend to be more stable.

E-Scooters in Madrid and how to use them to save money

Recently a lot of tourists have started using e-scooters to get around large cities like Madrid. If you’re confident to drive in busy traffic this is definitely a fun way to explore a new place. Most scooters cost €1 to unlock and then a certain price per minute (usually between €0.10 and €0.20 ). Plus, those who sign up for the first time tend to receive some sort of discount like the first 10 minutes free for the first month. If you use a scooter for an hour you’ll pay somewhere between €7 and €13 which is reasonable. Definitely keep this mode of transport in mind if you haven’t signed up for providers like Bird , Lime or Bolt yet to get your discount. Traffic in Madrid can be crazy and accidents involving e-scooters and tourists are frequent. Keep in mind that you won’t be allowed to ride on sidewalks and won’t have a helmet so always put your own safety first.

Budget-friendly ways to get to Madrid

Madrid is Spain’s capital so it’s well-connected. You can find a variety of international or regional flights with a budget airline such as Ryan Air , Air Europa or Vueling . Just keep in mind that prices in Madrid will be more expensive during the summer when a lot of tourists visit Spain. Definitely book in advance especially on weekends as flights frequently sell out. Spain also has a great bus and train network . While long-distance buses will be the cheapest option for travelling within Spain there are also some good deals on train tickets with Renfe if you book far in advance. The trains are far more comfortable than buses and a lot more reliable. However, backpackers might be better off choosing the bus to get to Madrid.

How much is a trip to Madrid going to cost?

Here is a breakdown for a week in Madrid on a very tight budget for backpackers:

• Hostel – €15 per night x 7 = €105
• Food – €12 per day x 7 = €84
• Sightseeing – €30
• Drinks and nightlife – € 40
• Metro ticket for 10 journeys – € 12.20

Total: €271.20

Cheapest time to visit Madrid for backpackers

All of Spain will be flooded with tourists during the summer especially from June to August. This will definitely be the most expensive time to visit Madrid in terms of flights/trains and accommodation. If you book these in advance it shouldn’t matter too much when you visit the city. For a more spontaneous trip to Madrid definitely try to go somewhere between November and April (except for New Year’s and any Christmas holidays of course) when fewer tourists come to Spain and you’ll have better chances of getting last-minute deals . During this time attractions like museums or other tourist hotspots will also be far less crowded so it’s a fantastic choice if you’re planning a budget-friendly trip to Madrid.

Madrid tourist card – is it worth it for backpackers?

Like many large cities, Madrid also has a “tourist card” which you can buy in a ticket office when you arrive. It costs €47 for one day , €60 for two, €67 for three and €77 for five days . This includes all public transport (including metro, buses, cercanía trains and airport surplus charges) as well as entry to several attractions in Madrid. Examples of this include the Prado Museum, the Royal Palace, the Almudena Cathedral Museum, the Reina Sofía National Art Museum and more. You’ll also get discounts in selected bars and restaurants. Is it worth it? Yes and no. If you’re planning on seeing all these attractions anyway (and are 100% sure you’ll be going to every single one) the card is definitely worth it. But most tourists tend to skip some of them and if you’re a student you’ll get into a lot for free or for a discounted price anyway. If you’re seeing Madrid on a very tight budget the card is not worth it in my opinion. Instead of using the metro, you can walk almost everywhere and you can get into museums or attractions either for free during certain times or at discounted rates if you have a student card (or something similar).

Things to avoid if you’re seeing Madrid on a budget

Madrid might be an affordable city in general but it’s still very easy to overspend . Here are some things you should avoid if you’re trying to save money on your trip to Madrid.

• Rooftop bars – Madrid has incredible rooftop bars but prices are high. The HAT or Gourmet Experience are the cheapest options.
• Plaza Major – Beautiful historic square but avoid eating here. It’s made for tourists and food is notoriously expensive and bad quality.
• The Hammam Al Andalus – Picturesque spa which is very popular among tourists visiting Madrid but treatments are very expensive.
• Eating at tourist markets – Mercado de San Miguel or Mercado de San Idefonso are great to visit but very expensive for food.
• Museums during regular hours – Instead of paying €10 to €18 per museum go during the free visiting hours instead.

Before you go…

If you’re trying to save money in Madrid but still want to have fun experiences, you should consider a day trip to El Escorial , one of Spain’s most beautiful palaces. You can use public transport to get there, and students only pay €6 to get in.

You might also enjoy El Rastro , a huge fleamarket that happens in the city every Sunday, or the Pantheon of Illustrious Men , which you can visit for free.

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My most important travel tips and resources

Book your flights Skyscanner is the best website for finding cheap flights since it works like a search engine, so you can find the best deals across all airlines. Book hotels and hostels • Booking.com : Best worldwide • Agoda : Best in South East Asia • Hostelworld : Best for hostels Book tours, transport and rental cars • Viator : The best place to book tours, day trips and excursions for all budgets • 12Go : Great for ferries, trains, transfers and buses in South East Asia • Discover Cars : Best deals for rental cars around the word Get travel insurance Every traveller needs travel insurance, and I mean every single one. SafetyWing covers you in case of injury, illness or worse, and they’ve got your back if your bag is stolen, flights are cancelled or in case of a natural disaster. Pay abroad Ask any traveller, Wise is the best choice when it comes to sending money abroad. They’ve always got the best exchange rates, lowest fees, and their visa card is great for getting cash out or paying abroad. Things every traveller needs: ➼ Osprey Farpoint 70 Backpack Detachable daypack, ultra-light, durable and free repairs for life. There’s a reason why so many backpackers have this bag. ➼ Packing Cubes Packing cubes are a gamer changer, keeping your luggage organised and providing tons of extra space. ➼ Power bank There is nothing worse than running out of battery on an overnight bus journey or a long flight. With a power bank, you can charge your electronics on the go and make sure you’re always connected. ➼ Micro-fibre towel These lightweight towels are foldable, fast-drying, and, so useful when you’re travelling. ➼ You can find 15 more things every traveller needs here . Some might be a bit controversial, but I warned you!

Did I miss anything? If you have any questions or feel like something is missing from this post, please leave a comment below or  contact me .

Welcome to Guide your Travel!

Hi! I’m Victoria, a travel blogger from Germany and the author of Guide your Travel. I write about my favourite destinations in Europe, South East Asia and digital nomad life in Bali.

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Hi, I'm Victoria

Welcome to Guide your Travel – a blog about South East Asia and how to travel on a budget.

I’m a blogger, writer and photographer and love to introduce my favourite destinations to others and encourage them to see the world.

I’m originally from Germany but spent four years living in the UK, quite a bit of time in Spain and Malaysia, and am now travelling full time with a home base in Bali, Indonesia.

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• Travel Planning Guide

Spain Travel Budget - Visit Spain on a Budget or Travel in Style

• Spain Costs

• Is Spain Expensive?
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• The Best Contiki Tours to Spain
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• Santiago de Compostela
• How much does it cost to travel to Spain? (Average Daily Cost)
• Spain trip costs: one week, two weeks, one month

How much do package tours cost in Spain?

Is spain expensive to visit.

• How much do I need for a trip to Spain?
• Accommodation, Food, Entertainment, and Transportation Costs
• Travel Guide

How much does it cost to travel to Spain?

You should plan to spend around $161 (€150) per day on your vacation in Spain. This is the average daily price based on the expenses of other visitors.

Past travelers have spent, on average for one day:

• $42 (€40) on meals
• $29 (€27) on local transportation
• $144 (€134) on hotels

A one week trip to Spain for two people costs, on average, $2,251 (€2,101) . This includes accommodation, food, local transportation, and sightseeing.

All of these average travel prices have been collected from other travelers to help you plan your own travel budget.

• Travel Style: All Budget (Cheap) Mid-Range Luxury (High-End)
• Average Daily Cost Per person, per day $ 161 € 150
• One Week Per person $ 1,126 € 1,050
• 2 Weeks Per person $ 2,251 € 2,101
• One Month Per person $ 4,824 € 4,502
• One Week For a couple $ 2,251 € 2,101
• 2 Weeks For a couple $ 4,502 € 4,202
• One Month For a couple $ 9,648 € 9,004

Are You an Experienced Traveler?

Help other travelers! Answer a quick question about your past travels. Click here: let's do it!

How much does a one week, two week, or one month trip to Spain cost?

A one week trip to Spain usually costs around $1,126 (€1,050) for one person and $2,251 (€2,101) for two people. This includes accommodation, food, local transportation, and sightseeing.

A two week trip to Spain on average costs around $2,251 (€2,101) for one person and $4,502 (€4,202) for two people. This cost includes accommodation, food, local transportation, and sightseeing.

Please note, prices can vary based on your travel style, speed, and other variables. If you're traveling as a family of three or four people, the price per person often goes down because kid's tickets are cheaper and hotel rooms can be shared. If you travel slower over a longer period of time then your daily budget will also go down. Two people traveling together for one month in Spain will often have a lower daily budget per person than one person traveling alone for one week.

A one month trip to Spain on average costs around $4,824 (€4,502) for one person and $9,648 (€9,004) for two people. The more places you visit, the higher the daily price will become due to increased transportation costs.

Organized tours are usually more expensive than independent travel, but offer convenience and peace of mind that your trip has been planned by a travel expert.

The average price for an organized tour package in Spain is $222 per day. While every tour varies by total price, length, number of destinations, and quality, this is the daily average price based on our analysis of available guided tours.

• Sensational Spain 14 Days - 14 Destinations $ 2,444
• Best of the Spanish Camino 13 Days - 24 Destinations $ 3,790

Independent Travel

Traveling Independently has many benefits including affordabilty, freedom, flexibility, and the opportunity to control your own experiences.

All of the travel costs below are based on the experiences of other independent travelers.

Spain is a moderately priced destination to visit. It's about average with most other countries for travel costs. The prices for food, accommodation, and transportation are all fairly reasonable.

Within Europe, which is known to be an expensive region, Spain is moderately priced compared to the other countries. The overall cost of travel here is comparable to Ireland or Austria.

For more details, see Is Spain Expensive?

How much money do I need for a trip to Spain?

The average Spain trip cost is broken down by category here for independent travelers. All of these Spain travel prices are calculated from the budgets of real travelers.

Accommodation Budget in Spain

Average daily costs.

Calculated from travelers like you

The average price paid for one person for accommodation in Spain is $72 (€67). For two people sharing a typical double-occupancy hotel room, the average price paid for a hotel room in Spain is $144 (€134). This cost is from the reported spending of actual travelers.

• Accommodation 1 Hotel or hostel for one person $ 72 € 67
• Accommodation 1 Typical double-occupancy room $ 144 € 134

Hotel Prices in Spain

Looking for a hotel in Spain? Prices vary by location, date, season, and the level of luxury. See below for options.

Find the best hotel for your travel style.

Actual Hotel Prices The average hotel room price in Spain based on data provided by Kayak for actual hotel rooms is $109. (Prices in U.S. Dollars, before taxes & fees.)

Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world.

Recommended Properties

• Boutique Hotel El Tio Kiko Budget Hotel - Kayak $ 186
• Casa Maria Molinaseca Luxury Hotel - Kayak $ 254

Local Transportation Budget in Spain

The cost of a taxi ride in Spain is significantly more than public transportation. On average, past travelers have spent $29 (€27) per person, per day, on local transportation in Spain.

• Local Transportation 1 Taxis, local buses, subway, etc. $ 29 € 27

Recommended Services

• Airport Transfer Viator $ 120
• Departure Barcelona Airport Private Transfer Viator $ 33

What did other people spend on Local Transportation?

Typical prices for Local Transportation in Spain are listed below. These actual costs are from real travelers and can give you an idea of the Local Transportation prices in Spain, but your costs will vary based on your travel style and the place where the purchase was made.

• Metro € 2.10
• Bus Ride € 1.25
• Bus Ride € 3.50
• Airport Bus € 5.00
• 7 Trip Bus Pass € 5.00
• Taxi Ride € 6.80
• 10 Trip Metro Ticket € 7.80
• Taxi Ride € 26

Food Budget in Spain

While meal prices in Spain can vary, the average cost of food in Spain is $42 (€40) per day. Based on the spending habits of previous travelers, when dining out an average meal in Spain should cost around $17 (€16) per person. Breakfast prices are usually a little cheaper than lunch or dinner. The price of food in sit-down restaurants in Spain is often higher than fast food prices or street food prices.

• Food 2 Meals for one day $ 42 € 40

Recommended

• Panoramic Highlights Rooftop Tour & Paella Cooking Class Sevilla Viator $ 158
• I travel for Food Tour in San Sebastian Viator $ 152

What did other people spend on Food?

Typical prices for Food in Spain are listed below. These actual costs are from real travelers and can give you an idea of the Food prices in Spain, but your costs will vary based on your travel style and the place where the purchase was made.

• Breakfast for 2 € 8.00
• Dinner for 2 € 44
• Dinner for 2 € 30
• Gelatto € 2.50
• Tapas on the beach € 8.28
• Lunch € 11
• Lunch for 2 € 11
• Lunch for 2 € 31

Entertainment Budget in Spain

Entertainment and activities in Spain typically cost an average of $29 (€27) per person, per day based on the spending of previous travelers. This includes fees paid for admission tickets to museums and attractions, day tours, and other sightseeing expenses.

• Entertainment 1 Entrance tickets, shows, etc. $ 29 € 27

Recommended Activities

• De Mercados: A Neighborhood Market and Tapas Experience Viator $ 97
• Private Tour With A Different Perspective of Alhambra Viator $ 129

What did other people spend on Entertainment?

Typical prices for Entertainment in Spain are listed below. These actual costs are from real travelers and can give you an idea of the Entertainment prices in Spain, but your costs will vary based on your travel style and the place where the purchase was made.

• Food and Tapas Tour (for 2) € 54
• Walking Tour (for 2) € 60
• Catamaran Cruise (for 2) € 67
• Wine Tasting Tour (for 2) € 120
• Valle de los Caídos Monument € 6.00
• Tower of Hercules € 3.00
• Cadiz Sightseeing Tour € 15
• Concert € 31

Tips and Handouts Budget in Spain

The average cost for Tips and Handouts in Spain is $5.77 (€5.38) per day. The usual amount for a tip in Spain is 5% - 15% .

• Tips and Handouts 1 For guides or service providers $ 5.77 € 5.38

Scams, Robberies, and Mishaps Budget in Spain

Unfortunately, bad things can happen on a trip. Well, you've just got to deal with it! The average price for a scam, robbery, or mishap in Spain is $4.16 (€3.89), as reported by travelers.

• Scams, Robberies, and Mishaps 1 $ 4.16 € 3.89

Alcohol Budget in Spain

The average person spends about $20 (€19) on alcoholic beverages in Spain per day. The more you spend on alcohol, the more fun you might be having despite your higher budget.

• Alcohol 2 Drinks for one day $ 20 € 19
• Singular Valencia Wine Tour Utiel Requena Wineries Viator $ 213
• Full Rioja Wine Tour with Lunch from San Sebastian Private Tour Viator $ 298

What did other people spend on Alcohol?

Typical prices for Alcohol in Spain are listed below. These actual costs are from real travelers and can give you an idea of the Alcohol prices in Spain, but your costs will vary based on your travel style and the place where the purchase was made.

• Coffee € 3.10
• Drinks and Tapas (for 2) € 13
• 1 Pint Beer € 2.00
• Beer € 2.80
• Celebratory Shots € 5.00
• Beer € 1.20
• Bottle of Wine € 1.65
• Beer € 3.00

Water Budget in Spain

On average, people spend $3.62 (€3.38) on bottled water in Spain per day. The public water in Spain is considered safe to drink.

• Water 2 Bottled water for one day $ 3.62 € 3.38

Related Articles

Spain on a budget.

At A Glance

• There's a surprising amount of things to do in the area during the winter months. If you're hoping to avoid the summer beach crowds, consider heading to some of the great cities during the cooler months. Many of the cultural sights are best visited during the winter when the crowds are at a minimum.
• While the trains throughout the country are efficient and of high quality, they do not always go by the high population areas. Many times you will also have to pass through Madrid, even if it isn't on the way. Consider all of your options as sometimes taking a bus can save you both time and money.
• If you're driving your own car, watch out for parking fines, particularly in the larger cities. The fees can be quite high and they are rarely lenient when passing out tickets.
• English is taught in most schools so if you are having a communication challenge it is best to reach out to a younger person. Even so, you'll do best if you stick to simple words.
• If you're looking for a social place to hang out, head to a bar. These are often packed full of people and they're a great way to meet some locals and brush up on your Spanish.

Top Tourist Attractions

Popular foods, more related articles.

We've been gathering travel costs from tens of thousands of actual travelers since 2010, and we use the data to calculate average daily travel costs for destinations around the world. We also systematically analyze the prices of hotels, hostels, and tours from travel providers such as Kayak, HostelWorld, TourRadar, Viator, and others. This combination of expenses from actual travelers, combined with pricing data from major travel companies, gives us a uniqe insight into the overall cost of travel for thousands of cities in countries around the world. You can see more here: How it Works .

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How to Make a Travel Budget for Spain

Lucas Vallecillos/Getty Images

How much should you budget for your trip to Spain ? With the weak euro, you won't need to be as careful as in the past to avoid spending a large amount of money.

Sticking to a Tight Budget in Spain

It is easy to travel cheaply in Spain without compromising your vacation. Read on for some example prices so you can work out how much to budget for on your trip to Spain.

How Much Do Costs Around Spain Vary?

With regards to the kinds of costs you would have as a tourist in Spain , you can broadly divide the country into three sections:

• Bilbao, San Sebastian, and other Northern Cities: Slightly more expensive than Madrid and Barcelona
• Madrid and Barcelona : Similar to each other. Barcelona will be a bit more expensive in the touristy areas, but a little effort will reward you with lower prices. Prices below are all for Madrid and Barcelona .
• Rest of Spain: Cheaper than Madrid and Barcelona.

Accommodation Budget

For a bed in a dorm in a youth hostel, expect to pay between 13€ and 24€ per night. For a double room in a pension, double that. For 70€ per night, you will get a very nice room .

Food & Drink Budget

• Coffee and a pastry or toast for breakfast is under 2€ (add 1.50€ for freshly squeezed orange juice)
• A baguette and a drink for lunch will cost about 5€.
• A three-course 'menu del dia' can cost anything from 6€ to 15€. A la carte meals are more expensive, but you can still eat well for under 20€.
• Spain can be hot, depending on the season . Factor into your budget the need to buy water and stop for a cool drink occasionally.
• Total Food Budget Per Day : 15 to 40€ (if you eat lunch from a supermarket you can eat even cheaper).

But don't take our word for it.  Numbeo , a cost-of-living comparison site, gives  restaurant prices in Barcelona (it gives very similar figures for Madrid).

Entrance to Attractions Budget

Museums and art galleries can vary greatly from completely free to about 10€. If you plan on visiting a lot of museums, you may be interested in a Spain Discount Card . But make sure you are getting your money's worth!

Transport Budget

• Long distance buses and trains : Long distance buses are typically half the price of the train , with journey times approximately 30 percent longer. The bus is much better valued than the train, but it can be quite difficult to book as the Spanish bus network is split up into a number of different companies. You will rarely pay more than 30€ for a bus, but you can pay over 70€ for an economy-class train ticket (sleeper cars and first class tickets will set you back even more). But not always . Never book your bus or train without checking the price of the other first.
• Metro and City Buses : Travel within cities in Spain is cheap. A bus or metro ticket rarely costs more than 1€ and there are usually saver tickets that can make them even cheaper. Read about the Madrid Metro and the Barcelona Metro for more information on these tickets.You can conveniently buy your Madrid Metro tourist pass before you arrive for the same price as if you got it at the station.
• Taxi : A 10-minute journey in a taxi in Spain will usually cost about six or seven euros. They should use the meter. If you feel you have been overpriced, ask for a receipt—there will be details of where to complain about the back. When going to or from the airport, check the price before you get in. There is a fixed price for more airport trips. Check with a different taxi if you think the price quoted is too high. As one taxi driver told me, there are very few bad taxi drivers in Spain, but those that do exist all work at the airports.

Guide to Bus and Train Travel in Spain

How to Travel From Madrid to Seville by Train, Bus, Car, and Plane

How to Travel from Madrid to Barcelona by Train, Bus, Car, and Plane

How to Get from City to City in Spain

How to Travel From Barcelona to Granada by Train, Bus, Car, and Plane

Getting Around Madrid: Guide to Public Transportation

Your Trip to Spain: The Complete Guide

Traveling by Train in Europe: Where, Why, and How

Madrid on a Budget

Taking the Roissybus to or From Charles de Gaulle Airport

Your Trip to Madrid: The Complete Guide

How to Travel From Barcelona to Bordeaux by Train, Bus, Car, and Plane

Plan the Perfect Trip to Spain

Tenerife Guide: Planning Your Trip

Your Trip to Barcelona: The Complete Guide

Getting Around Paris: Guide to Public Transportation

Cost of living and prices in Madrid, prices of food, rent, shopping, etc. 🇪🇸 Updated Jul 2023

Discover the cost of living in Madrid, Spain, a vibrant cosmopolitan city located in Southern Europe. With its stunning architecture, rich culture, and impressive gastronomy, Madrid is a top destination for travelers and expats alike.

Despite being the capital of Spain, Madrid has a relatively affordable cost of living compared to other major European cities. Housing, transportation, and food expenses offer good value for money, making it an attractive option for international residents looking for an authentic Spanish experience.

One of the key advantages of living in Madrid is the easy access to healthcare services, education, and entertainment. With an efficient public transport system and a wide range of leisure activities, Madrid offers a high quality of life without breaking the bank. If you are considering moving to Spain, Madrid is definitely a city worth exploring.

Cost of Living Estimate in Madrid

Total cost of living in Madrid for two person with average consumption for one month will be 1260.85 USD , no rent price included. Click here to calculate cost-of-living estimate in Madrid

You can calculate cost of living in Madrid by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

Madrid is a food lover's paradise, with a diverse range of options to suit all tastes and budgets. Visitors can take their pick from traditional Spanish eateries, international cuisines, and trendy restaurants that serve up innovative and creative dishes. The city is particularly well-known for its tapas culture, meaning small plates of delicious food meant for sharing. Many of Madrid's restaurants are located in the city center, with bustling streets lined with bodegas, taverns, and cafés. Travelers seeking a truly authentic dining experience should seek out the local neighborhood eateries and sidrerías (cider houses) in the surrounding areas.

The food scene in Madrid is not just limited to brick-and-mortar restaurants, however. There are numerous street food vendors and markets that offer an affordable and tasty alternative. One of the most famous is the famous Mercado de San Miguel, located in the heart of the city, which features a wide range of stalls selling everything from fresh seafood to Iberian ham. Food trucks and food halls are also becoming increasingly popular in Madrid, with several pop-up markets and festivals cropping up throughout the year. Whether you're a foodie on a budget or simply looking for a unique dining experience, Madrid has something for everyone.

Markets prices

Market prices in Madrid, Spain, are reflective of the country's economic trends and local demand. The city's bustling markets are filled with fresh produce, seafood, meat, and other essential items, all sold at competitive prices that vary depending on supply and demand. The markets serve as vital hubs for local farmers and artisans, who bring their goods to the city to sell to the masses. Overall, the market prices in Madrid are relatively affordable, making it easy for both residents and tourists to access high-quality products at reasonable prices.

Since Madrid is the capital of Spain, it attracts many international businesses and expats, which can drive up the cost of living in the city center. However, the city also has many affordable neighborhoods where locals can find inexpensive groceries and other goods. Overall, Madrid's market prices offer a great value, whether you are looking for high-end goods or budget-friendly options. Whether you are in search of artisanal products or traditional Spanish foods, you are sure to find something to suit your budget and tastes in the vibrant markets of Madrid.

Transportation prices

If you're looking for a fast and efficient way to get around Madrid, the metro is definitely the way to go. With a network of 13 lines and over 300 stations, it's easy to reach all the top tourist destinations across the city. Plus, the tickets are relatively inexpensive and can be purchased with ease at the vending machines or ticket booths.

Another popular mode of transportation in Madrid is the bike. The city has made significant efforts in recent years to become more bike-friendly with the installment of bike lanes and bike rental services. Renting a bike is a great option for exploring the city at a more relaxed pace while also getting some exercise. Some of the most beautiful parks, streets, and neighborhoods are accessible by bike and are a great way to escape the hustle and bustle of Madrid's city center.

Utilities Per Month prices

Madrid, the capital of Spain, is known for its beautiful architecture, vibrant culture, and delicious cuisine. However, when it comes to utilities, the cost of living is quite high. Travelers should expect to pay a significant amount for electricity, gas, and water bills if they plan to stay for an extended period of time. The cost of utilities in Madrid can be affected by a variety of factors like the size of the property, usage, and location.

While the cost of utilities in Madrid might seem high, travelers can take several steps to reduce their expenditure. One of the easiest ways to lower the utility bills in Madrid is by practicing smart usage of energy and water. For instance, keeping the thermostat low during winter can help minimize the heating bill, while limiting showers and handwashing helps conserve water. Also, it's worth noting that many areas in Madrid have time-of-use pricing schemes, where power is cheaper during off-peak hours. Taking advantage of these lower rates can significantly reduce utility costs, ensuring that travelers enjoy a stress-free stay in the city without breaking the bank.

Sports And Leisure prices

If you're an avid sports fan, Madrid is an excellent destination to satisfy your sporting cravings. The city is home to two of the world's most successful football teams - Real Madrid and Atletico Madrid. You can watch these two teams face off at the Santiago Bernabeu or Wanda Metropolitano Stadium, respectively. Additionally, Madrid has a rich tennis culture, with the capital boasting the biggest clay court tennis complex in Europe - La Caja Magica, which hosts the Madrid Open every year. Golfers can try out one of the many courses spread across the city and surrounding countryside, including the world-renowned Real Club de Golf La Herreria.

Much like the rest of Spain, leisure is a big part of life in Madrid - it's a city that never sleeps, with something for everyone no matter the time of day. You can spend your mornings strolling around the beautiful Retiro Park, a large green space located in the city center, followed by a lazy afternoon enjoying some delicious tapas and sangria at one of Madrid's many bars and restaurants. For those seeking more cultural pursuits, there are plenty of museums and art galleries to visit, including the magnificent Prado Museum, which features thousands of works of art, including paintings by some of the most celebrated artists throughout history. In the evening, live music venues and theaters come alive, showcasing local and international talent that will keep you entertained until the early hours of the morning.

Salaries And Financing prices

When it comes to salaries in Madrid, Spain, it's important to take into account the country's cost of living and economy. The average salary in Madrid is generally lower than in other major European cities, however, this is often reflected in the cost of living which is also lower. Many locals work long hours with limited paid vacation time, but benefits such as healthcare and maternity/paternity leave are typically better than in other European countries. One thing to note is that jobs in certain industries such as tech tend to pay higher salaries compared to other industries.

When it comes to financing in Madrid, Spain, the country operates on the euro currency. Credit and debit cards are widely accepted throughout the city, and there are plenty of ATMs available. However, it's always a good idea to have some cash on hand for smaller purchases or if you plan on visiting rural areas. It's also important to note that tipping in Spain is not as common as in other countries, and often only occurs in tourist areas or for exceptional service. Many restaurants will include a service charge on the bill, so it's always a good idea to check before leaving an additional tip.

Childcare prices

Childcare prices in Madrid, Spain, can vary greatly depending on the type of facility and location. For parents looking for a more structured and educational experience for their children, private schools and kindergartens tend to be the pricier option. However, they often offer a more comprehensive curriculum and higher-quality facilities, as well as a lower student-to-teacher ratio.

On the other hand, there are also many affordable options for families who prioritize affordability over a more structured education system. Public schools and community centers often offer lower prices, although they may have less advanced facilities and a higher ratio of students to teachers. Ultimately, choosing the right type of childcare depends on each family's individual priorities and budget.

Clothing And Shoes prices

Madrid is known for its stylish and fashionable locals, which makes it the perfect place to shop for clothing and shoes. You can find high-end luxury brands in the trendy Salamanca district, including Gucci and Prada, or head to Gran Vía for more affordable options like Zara and Mango. Spanish fashion brands like Desigual and Stradivarius are also popular choices for stylish locals and tourists alike.

For those looking for unique and artisanal clothing and shoes, head to the Malasaña district. This bohemian neighborhood is home to independent boutiques and vintage stores, where you can find one-of-a-kind pieces that you won't see anywhere else. Street markets like El Rastro and Mercado de Fuencarral are also great options for bargains, where you can haggle with vendors for the best prices on everything from shoes to leather jackets.

Rent Per Month prices

Short-term rent and stay options in Madrid, Spain are plentiful. Visitors will find an array of apartments and hotel rooms available for short-term stays in a variety of price ranges. The city offers a range of accommodation types, from budget-friendly rooms to luxurious suites. Additionally, Madrid's many neighborhoods offer unique atmospheres and attractions, perfect for any traveler's preferences.

One of the most appealing options for those looking to save money on their stay in Madrid is to rent an apartment. With options for everything from cozy studio apartments to spacious family-sized units, visitors can find a comfortable and affordable place to stay in the city. Along with apartment rentals, Madrid also offers plenty of opportunities for short-term stays in local hotels and hostels. Whether you're looking for a simple bed and breakfast or a luxurious five-star hotel, Madrid's options provide an array of choices for both comfort and budget.

Buy Apartment prices

Madrid, Spain is one of the most sought-after real estate markets in Europe due to its central location and dynamic lifestyle. Prospective buyers have various options when it comes to buying property in Madrid, including apartments, houses, lofts, and penthouses. One of the advantages of buying real estate in Madrid is the diverse range of neighbourhoods, from trendy and bohemian to elegant and sophisticated areas. Whether you are looking for a modern apartment with a balcony, a historic townhouse with a garden, or a luxurious penthouse with a terrace and views of the city skyline, Madrid has something to offer for everyone.

When it comes to pricing, Madrid offers a favourable market for both investors and individuals seeking a new home. While the prices vary depending on the location, size, and amenities, Madrid real estate is generally affordable compared to other major European cities. Despite the recent increase in demand and foreign investment, prices in Madrid have remained stable in recent years, making it an excellent opportunity for those looking to make a long-term investment. Moreover, the city has recently undergone a significant transformation, which has led to an increase in property values for those who get in early.

Cost of living in the cities nearby

• Pozuelo de Alarcon, Spain
• La Moraleja, Spain
• Getafe, Spain
• Coslada, Spain
• Móstoles, Spain
• Municipality of Fuenlabrada, Spain
• Tres Cantos, Spain
• Alcala de Henares, Spain
• Chapinería, Spain
• Guadalajara, Spain

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Cost of living in Madrid, Spain

Summary of cost of living in madrid.

• Family of four estimated monthly costs: €3,812
• Single person estimated monthly costs: €2,140
• Madrid is the 2nd most expensive city in Spain (2 out of 13)
• Cost of living in Madrid is cheaper than in 53% of cities in Western Europe (32 out of 60)
• Cost of living in Madrid is more expensive than in 53% of cities in the World (83 out of 175)

List of prices in Madrid Current as of May 2024.

Moving to madrid with your children, international schools in madrid, did you know that ....

• Cost of living in Barcelona, Spain is about the same as in Madrid ?
• Cost of living in Madrid is 26% cheaper than in Paris ?
• Cost of living in Sydney is 70% more expensive than in Madrid ?
• Cost of living in New York City is 108% more expensive than in Madrid ?

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• Cost of living in Tokyo is 51% cheaper than in New York City
• Cost of living in New York City is 15% more expensive than in London
• Cost of living in Barcelona, Spain is about the same as in Madrid
• Cost of living in Madrid is 32% cheaper than in Paris
• Cost of living in Sydney is 70% more expensive than in Madrid
• Cost of living in Mexico City is 40% more expensive than in Bogotá
• Cost of living in Vancouver is 5% cheaper than in Toronto
• Cost of living in Paris is 24% more expensive than in Grand Rapids
• Cost of living in London is 24% more expensive than in Paris
• Cost of living in Singapore is 22% more expensive than in Hong Kong

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Cost of Living and Prices in Similar Cities

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The Daily Iowan

Exploring the World on a Budget: Tips for Saving Money While Traveling

Traveling the world is a dream for many, but the idea of funding such adventures can often seem daunting. However, with careful planning, budgeting, and a bit of creativity, it’s entirely possible to explore new destinations without breaking the bank. Here are some practical tips for saving money while traveling the world:

1. Plan Ahead:

One of the most effective ways to save money on travel is to plan ahead and book your flights from Miami to Madrid or from Paris to London, your accommodation, and your activities in advance. By doing so, you can take advantage of early booking discounts, special promotions, and lower prices. Additionally, planning ahead allows you to research budget-friendly destinations, find affordable accommodation options, and create a realistic travel budget based on your financial situation.

2. Travel Off-Season:

Traveling during off-peak seasons can significantly reduce your expenses, as prices for flights, accommodation, and activities tend to be lower. Avoiding peak tourist seasons also means fewer crowds, shorter queues, and a more authentic travel experience. Be flexible with your travel dates and consider visiting destinations during shoulder seasons or off-peak months to save money and enjoy a more relaxed atmosphere.

3. Choose budget-friendly destinations:

Opting for destinations with a lower cost of living can help stretch your travel budget further. Consider exploring countries and regions where your money goes further, such as Southeast Asia, Eastern Europe, or South America. These destinations offer affordable accommodation, transportation, and dining options, allowing you to experience new cultures and adventures without breaking the bank.

4. Embrace Alternative Accommodation:

While hotels can be convenient and comfortable, they can also be expensive, especially in popular tourist destinations. Instead, consider alternative accommodation options such as hostels, guesthouses, Airbnb rentals, or vacation rentals. These options are often more affordable than hotels and offer unique experiences, such as staying with local hosts or meeting fellow travelers from around the world.

5. Use public transportation.

Transportation costs can add up quickly when traveling, especially if you rely on taxis or rental cars. Save money by using public transportation whenever possible, such as buses, trains, or metros. Public transportation is not only more budget-friendly but also allows you to experience the local culture and interact with locals. Consider purchasing multi-day or unlimited travel passes for additional savings on transportation expenses.

6. Cook Your Own Meals:

Eating out at restaurants can be one of the biggest expenses while traveling. Save money by cooking your own meals or preparing picnics with ingredients from local markets or grocery stores. Many hostels, guesthouses, and Airbnb rentals offer kitchen facilities where you can prepare simple meals and snacks. Not only is cooking your own meals more budget-friendly, but it also allows you to experience local cuisine in a more authentic and affordable way.

7. Take advantage of free activities.

Explore your destination without spending a fortune by seeking out free or low-cost activities and attractions. Many cities offer free walking tours, museum days, parks, and cultural events that allow you to experience the destination’s history, culture, and natural beauty without spending a dime. Take advantage of these opportunities to immerse yourself in the local culture and discover hidden gems off the beaten path.

8. Travel Light:

Packing light not only saves you money on baggage fees but also makes it easier to move around and explore your destination. Avoid overpacking by packing only the essentials and choosing versatile clothing and accessories that can be mixed and matched for different occasions. Consider investing in a quality travel backpack or carry-on suitcase that meets airline size restrictions and allows you to pack efficiently.

9. Seek out discounts and deals.

Before embarking on your travels, research discounts, deals, and promotions that can help you save money on flights, accommodation, activities, and transportation. Sign up for airline newsletters, join loyalty programs, and follow travel websites and social media accounts for exclusive offers and discounts. Additionally, consider purchasing city passes or attraction tickets in advance to take advantage of discounted rates and skip-the-line access.

10. Be flexible and open-minded.

Flexibility is key when it comes to saving money while traveling. Be open-minded to unexpected opportunities, changes in plans, and alternative routes or accommodations. By being flexible with your travel dates, destinations, and activities, you can take advantage of last-minute deals, special promotions, and spontaneous adventures that can save you money and enrich your travel experience.

In conclusion, traveling the world on a budget is not only possible but also rewarding. By planning ahead, choosing budget-friendly destinations, embracing alternative accommodation, using public transportation, cooking your own meals, taking advantage of free activities, traveling light, seeking out discounts and deals, and being flexible and open-minded, you can stretch your travel budget further and create unforgettable memories that will last a lifetime. With a little creativity and resourcefulness, the world is yours to explore without breaking the bank.

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Real Madrid's Courtois to return from injury after 9 months out

Find the biggest stories from across the soccer world by visiting our Top Soccer News section and subscribing to push notifications.

Real Madrid goalkeeper Thibaut Courtois will play his first match for the Spanish club after a nine-month injury layoff against Cadiz this weekend, coach Carlo Ancelotti confirmed Friday.

Belgian international Courtois, 31, has missed the entire season with a knee ligament injury and suffered a further setback in March which required another knee operation.

"Yes, Thibaut is fine. He will play tomorrow (Saturday) after a long period of absence," said Ancelotti.

"He's looking forward to playing. We're delighted to see him return."

La Liga leaders Real Madrid have their first chance to be crowned champions this weekend, although they need a helping hand from this season's shock title challengers Girona.

Madrid host Cadiz on Saturday and if they win and Girona take any points off defending champions Barcelona immediately afterwards, Los Blancos will earn a record-extending 36th Spanish title.

Courtois has been back in team training for several weeks, and was part of the Madrid group to travel to Germany this week to face Bayern Munich in the Champions League semi-final first leg 2-2 draw.

Asked about a possible start for Courtois in the Champions League final if they reach it, Ancelotti replied: "The final we have in mind is Wednesday against Bayern, in which (Andriy) Lunin will play, and then we will see."

In 2022, Courtois was the prime architect of Real's Champions League triumph, proving himself to be one of the best goalkeepers in the world.

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