As Spain’s capital, Madrid is one of the most beloved cities in the country. Known for its grand boulevards, world-class museums, and beautiful parks, it has something for everyone. While the idea of spending a week here might sound expensive, it’s possible to explore all that Madrid has to offer without overpaying. Ahead, learn where to stay, what to eat, and what to do during a seven-day vacation in Madrid for less than $1,000.
Where to Stay
Ocean Drive Madrid
For travelers who appreciate a good location, Ocean Drive Madrid is the place to be. This contemporary boutique hotel in the Argüelles neighborhood has access to some of Madrid’s most iconic landmarks, including the Royal Palace and Gran Vía. Along with gorgeous rooms, high-end amenities, and stunning city views, Ocean Drive hosts regular events like live music performances and art exhibitions, letting guests learn more about the local culture.
Starts at $124/night
Where to Eat and Drink
El Tigre
For those who know Madrid, there’s a good chance they’ve been to El Tigre. This local tapas bar is known for its generous portions, lively atmosphere, and authentic Spanish cuisine. With every drink you order, you’re treated to a complimentary plate of tapas, filled with traditional Spanish food like patatas bravas, jamón ibérico, chorizo, and cheese. As we mentioned, the portions are famously generous, making it a good choice for anyone who wants a big meal without the big price tag.
Entrées start at $15
Casa Revuelta
If you find yourself in the historic La Latina district, Casa Revuelta is a must. This quaint tapas bar is known for its no-frills, traditional ambiance and delicious tapas. The star of Casa Revuelta’s menu is undoubtedly the Revuelta Cod Wedge (battered and fried cod), which features a crispy exterior and tender, flavorful interior. (This dish seriously has a cult following.) Pair that with a cold beer or a glass of vermouth, and you’ll find this spot hard to beat.
Entrées start at $10
El Rastro Market
Every Sunday morning, Madrid’s La Latina district turns into a busy marketplace known as El Rastro. This iconic open-air bazaar is one of the largest and most famous flea markets in Spain, offering tons of items from vintage clothing and antiques to handmade crafts and quirky collectibles. Pro tip: bargaining is part of the experience, meaning you can find something amazing for an even better price.
Entrées start at $8
What to Do:
Visit El Retiro Park
Spread over 125 hectares, El Retiro Park is one of Madrid’s most famous outdoor areas. Originally created as a royal retreat in the 17th century, El Retiro is now a public park with beautifully landscaped gardens, elegant monuments, and a gorgeous lake. Visitors can take advantage of the outdoors, enjoying everything from rowing boats in the lake to picnicking on the grass. Be sure to visit the Palacio de Cristal (Crystal Palace) as well as the Monument to Alfonso XII.
Free entry
Prado Museum
One of the world’s premier art galleries, the Prado Museum is an essential stop for any visitor to Madrid. Housing an extensive collection of European art dating from the 12th to the early 20th century, this museum has over 8,000 paintings and 700 sculptures. What really makes it stand out is its collection of masterpieces by artists such as Velázquez, Goya, Bosch, and El Greco, among others.
Tickets cost $15
Royal Palace Gardens
The Royal Palace Gardens, or Jardines de Sabatini, are an extension of Madrid’s Royal Palace. These perfectly landscaped gardens are as beautiful as they sound, manicured hedges, bubbling water fountains, and colorful flowers. Come here on a sunny afternoon and soak in the beauty of nature.
Tickets cost $12
Temple of Debod
The Temple of Debod was originally built in the 2nd century BC in Egypt but was later relocated to Spain in the 1960s as a gift from the Egyptian government. Visitors can explore the temple’s interior, view the intricate carvings, and see views of Madrid from the surrounding park. We suggest going here around sunset when the glow of the sun turns the temple gold.
Free entry
