Hostels are cheap and plentiful in Madrid, and many offer very comfortable lodging experiences, complete with a private room and bathroom for as low as 40 euros per night. Or, go the fun route and stay in a bunk room to make new friends. Either way, hostels in Madrid are a fun and amazing way to meet likeminded travellers to make memories with along your adventure. Many of the hostels also have bars and cafes in the building, so grab a drink and spark up a conversation with someone. You never know where it might take you.