|Hotels are generally expensive in Madrid especially in the more popular areas. Hostals are often the cheapest option, but if you are a family or a group traveling together renting a short stay apartment may be better value for money and more fun.
In Madrid there are many apartments and flats for rent in the city center or nearby. They come in all sizes and are let for short, medium or long-term holidays, often at affordable prices. Also a number of "apart-hotels" are available for those who prefer the perfect combination of the self-catering apartment with quality hotel services.
All the apartments are furnished and equipped although the quality can vary a great deal. If you are going to Madrid in July or August make sure the apartment is equipped with air conditioning as it gets very hot in those months. By staying in a self-catering apartment you'll enjoy an entirely different travel experience, purchasing local goods in the food markets and living a true "Madrileño" lifestyle.
The easiest way to book a holiday apartment in Madrid is to go on-line. There are plenty of search engines where you can find and book an apartment at the size, location, quality and price that suits you. In some cases you book directly with the owner, in other cases you book through an agency.