Affordable Ways to Explore Madrid
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.
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 a basic room in a budget hotel or boutique hostel
- Self-catering apartment: €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): €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, €4 for a doble
- 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. Use Public Transport from the Airport
Instead of taking a taxi from the airport costing around €30, you can save significantly by spending €3 on a Suplemento Aeropuerto ticket. Hop onto the metro train (Line 8) to go directly to the city center or take the airport bus that operates 24/7 for €5.
2. Utilize the Efficient Public Transport
Madrid’s efficient public transport infrastructure includes an organized metro-rail system and bus network. Use a Metrobús ticket to get 10 metro or bus rides for just €6.10.
3. Opt for Early Train Travel
Early bird travelers can save as much as 70% on long-distance train fares by taking the high-speed, low-cost Avlo train, departing at 6:30 am and connecting to major Spanish cities for as low as €7.
4. Consider Car-Sharing Services
Explore Spain affordably through car-share services that connect you to various destinations without the high gas costs. Check the app for ride schedules and driver ratings for a more personal experience.
5. Explore Madrid by Biking
Utilize Bicimad, which offers over 7000 electric bikes across 600 charging stations. Prices start from €2 for the first hour of use, making it a cost-effective way to see the city.
6. Look for the Menu del Día
On weekdays, most restaurants offer a menù del día—a fixed-price menu that includes a three-course meal for €8 to €17, providing great value for lunch.
7. Enjoy Free Tapas with Your Drink
In many bars, it’s customary to receive a free plate of tapas with your drink order. Some establishments, like El Tigre, are notably generous in their servings.
8. Shop in Local Markets
Visit Madrid’s open-air markets for fresh produce and meats at better prices than supermarkets. These markets also offer charming cafés and restaurants for an authentic culinary experience.
9. Be Wary of Dining in Tourist Areas
While popular landmarks, such as Plazas Mayor, are must-sees, avoid dining in these high-tourist areas to escape inflated prices.
10. Opt to Dine Indoors
Enjoying a meal on a terraza (outdoor terrace) is delightful, but these tables often incur extra charges. You can save a few euros by dining inside.
11. Reduce Food Waste with Discounts
Use apps that connect you with nearby restaurants offering discounts on unsold food. This not only saves you money but also contributes to reducing food waste.
12. Clarify Bread Charges
When asked if you’d like bread with your order, remember this may incur an extra charge unless part of the menu del día, so it’s wise to confirm with the server.
13. Enjoy Free Museum Admission
Visit Madrid’s renowned art museums during designated free-entry times to explore without the cost. Many museums open their doors for free on specific days and times.
14. Show Your ID for Discounts
Students and seniors can take advantage of discounts on public transport and entry to attractions, ensuring a budget-friendly experience.
15. Discover Affordable Neighborhoods
Madrid’s interesting neighborhoods offer many affordable dining and drinking options that won’t burst your budget. Explore areas like Lavapiés, known for its multicultural options.
16. Visit Cultural Hubs
Experience Madrid’s vibrant culture at venues like Matadero, which regularly hosts free exhibitions, film screenings, and performances, providing a rich experience without high costs.
