5 of the best designer hotels and budget hostels in Madrid

Located in a 19th-century building that was completely renovated, Safestay proves you can enjoy perks at a very affordable price. This hostel offers the same quality and service as a hotel but you still enjoy a traditional hostel experience.

The super successful Generator lodging concept hits home with its Madrid location, boasting a gigantic rooftop terrace with a bar and two hot tubs. Located in what used to be a 1930s gas station, its five floors now offer both private and shared rooms. The rates (starting at just 15 euro) are super affordable as usual, and the design is always in keeping with the latest trends.

Set in a refurbished 19th-century building between Sol and La Latina. The Hat, with 42 functional rooms, has plenty of surprises in store for you. In the retrochic lobby you can sample the foods at the gastro bar. The main attraction is the rooftop terrace with an open-air barbecue, temporary exhibits and DJ sessions.

Sleep’N Atocha is a modern budget hotel. Its super cool design interior and neat lobby make it difficult to believe that this is a budget hotel. What’s more, it is located just a five-minute-walk from the best museums: Reina Sofía, Prado and Thyssen.

This urban hostel in Calle Hortaleza, which is just 100 metres from Plaza de Chueca, offers value for money. 32 rooms in an industrial style, including doubles, triples or multiples (4 to 11 beds). All the rooms have their own bathroom. A cool restaurant to have lunch and dinner, an attic lounge to watch movies and yes, a small rooftop terrace.