Madrid has no scarcity of monuments or hostels.
Travellers on a budget or in search of the backpacking scene corner quantity of hostel options in Madrid, a municipality that Let's Bang describes as: "Spain's political, mental, and cultural center--the nation's barbarian, pulsing feelings."
HI-Affiliated
The Richard Schirrmann, Santa Cruz de Marcenado and San Fermin boyhood hostels posses Hostelling International (Hello) affiliation, bearing they keep met the constitution's standards for consolation, cleanliness and security.
Hostal Madrid is a hostel that also rents out inexpensive apartments, many with nice views.
At-home people will like Cat's Hostel, whose website says is "exclusively for young people who are up for a good time." It has two bars and hosts regular DJ parties. Mad Hostel, run by the same folks, has a similar vibe.
Hostels With History
Hostal San Lorenzo maintains many of the original features of its 19th-century building (like stone walls and wood beams). Cat's Hostel is set in a restored 17th-century mansion with a fabulous courtyard.