The average price of a 7-day trip to Madrid is $1,096 for a solo traveler, $1,968 for a couple, and $3,690 for a family of 4. Madrid hotels range from $27 to $123 per night with an average of $48, while most vacation rentals will cost $20 to $240 per night for the entire home. Average worldwide flight costs to El Dorado International Airport (BOG) are between $674 and $1,216 per person for economy flights and $2,115 to $3,816 for first class. Depending on activities, we recommend budgeting $22 to $50 per person per day for transportation and enjoying local restaurants.
See below for average, budget, and luxury trip costs. You can also look up flight costs from your airport for more tailored flight pricing.
The Cheapest Times to Visit Madrid, CO
On average, these will be the cheapest dates to fly to BOG and stay in a Madrid hotel:
- January 15th to March 18th
- August 6th to December 2nd
The absolute cheapest time to take a vacation in Madrid is usually mid to late September.
Average Madrid Trip Costs
Average Solo Traveler
The average cost for one person to visit Madrid for a week is $665-$1,641($95-$234 per day)
Food, Travel, and Sightseeing: $22 to $50 per day for one person’s daily expenses
Flights: $361 to $1,021 for economy
Lodging: $34 to $45 per night for one 2 or 3-star hotel room
or $25 to $31 per night for a 1-bed vacation rental
Average Couple’s Trip
The average cost for a couple to visit Madrid for a week is $1,806-$3,402($258-$486 per day)
Food, Travel, and Sightseeing: $44 to $100 per day for two people’s daily expenses
Flights: $722 to $2,042 for economy
Lodging: $34 to $45 per night for one 2 or 3-star hotel room
or $25 to $31 per night for a 1-bed vacation rental
Average Family Vacation
The average cost for 4 people to visit Madrid for a week is $2,288-$6,024($327-$861 per day)
Food, Travel, and Sightseeing: $88 to $200 per day for four people’s daily expenses
Flights: $1,444 to $4,084 for economy
Lodging: $68 to $90 per night for two 2 or 3-star hotel rooms
or $38 to $47 per night for a 2-bed vacation rental
Traveling Cheap to Madrid
How cheap can you make a vacation to Madrid? The cheapest trip to Madrid is about $79 per person per day for travelers willing to take standby flights, deal with inconvenience, and otherwise limit travel expenses. About 42% of rentals are available in the $0 to $100 range for an entire place, and vacation rentals can be booked for as low as $20 per night. These inexpensive rentals must be booked as early as possible and may not be in the most desirable areas. 1-star hotels are more likely to be available, with rooms starting at around $22.
Even cheaper trips are possible depending on where you live and whether you can drive. Check the cheapest times to fly for more saving ideas.
Budget Solo Traveler
The lowest cost for one person to visit Madrid for a week is $551-$1,401($79-$200 per day)
Food, Travel, and Sightseeing: $10 to $20 per day for one person’s daily expenses
Flights: $361 to $1,021 for economy
Lodging: $22 to $27 per night for one 1-star hotel room
or $20 to $40 per night for a 1-bed vacation rental
Budget Couple’s Trip
The lowest cost for a couple to visit Madrid for a week is $982-$2,562($140-$366 per day)
Food, Travel, and Sightseeing: $20 to $40 per day for two people’s daily expenses
Flights: $722 to $2,042 for economy
Lodging: $22 to $27 per night for one 1-star hotel room
or $20 to $40 per night for a 1-bed vacation rental
Budget Family Vacation
The lowest cost for 4 people to visit Madrid for a week is $1,904-$5,028($272-$718 per day)
Food, Travel, and Sightseeing: $40 to $80 per day for four people’s daily expenses
Flights: $1,444 to $4,084 for economy
Lodging: $44 to $54 per night for two 1-star hotel rooms
or $30 to $64 per night for a 2-bed vacation rental
Overall it is very easy to travel to Madrid cheaply.
The Cost of a Luxury Madrid Trip
There is no true ceiling on the cost of a luxury trip, so our estimates are based on what most people do in Madrid.
Luxury Solo Traveler
The high-end price for one person to visit Madrid for a week is $1,576-$5,937($225-$848 per day)
Food, Travel, and Sightseeing: $46 to $100 per day for one person’s daily expenses
Flights: $888 to $2,501 for first class
Lodging: $61 to $123 per night for one 4 or 5-star hotel room
or $240 to $456 per night for a preferred vacation rental
Luxury Couple’s Trip
The high-end price for a couple to visit Madrid for a week is $2,786-$9,138($398-$1,305 per day)
Food, Travel, and Sightseeing: $92 to $200 per day for two people’s daily expenses
Flights: $1,776 to $5,002 for first class
Lodging: $61 to $123 per night for one 4 or 5-star hotel room
or $240 to $456 per night for a preferred vacation rental
Luxury Family Vacation
The high-end price for 4 people to visit Madrid for a week is $5,572-$16,632($796-$2,376 per day)
Food, Travel, and Sightseeing: $184 to $400 per day for four people’s daily expenses
Flights: $3,552 to $10,004 for first class
Lodging: $122 to $246 per night for two 4 or 5-star hotel rooms
or $336 to $638 per night for a preferred vacation rental
Madrid Hotel Prices
The cost of staying in Madrid is much lower than the average city. On average vacation rentals are less expensive than hotels. Luxury hotels are more expensive in Madrid due to hotel employees. The graphs below show how much cost can vary depending on the type of experience you’re looking for.
Madrid Lodging Cost by Star Status
The average price for the class of hotel is on the (y) axis. The hotel class (out of 5 stars) is on the (x) axis.
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Prices are based on Madrid hotel averages and may not reflect current prices. In some cases, we extrapolate prices to estimate costs, and hotels with your desired star rating may not be available.
Vacation Rental Prices
The percent of vacation rentals in the price range is on the left (y) axis. Price range is on the bottom (x) axis.
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There are a healthy amount of vacation rentals serving all budgets in Madrid.
Flight Costs to Madrid
Averaging flights around the world, prices go from a high of $1,216 average in late December to a low of $674 in mid to late September. Median flight price is $810. These prices are based on millions of flights. For Madrid our data includes 352 originating airports, and 166 airlines. The area has more variance in price compared with other locations. Flying to Madrid from an airport like Shevchenko (SCO) in Aktau (Kazakhstan) for an average $6,263 trip fare will obviously cost a lot more than from an airport like Jose Maria Cordova (MDE) in Medellin (Colombia) at an average of just $47.
Average Flight Cost by Season
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Average Flight Cost by Day of Week
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The cheapest day to fly in is typically Tuesday, and the cheapest day to fly back is usually Tuesday. Click here to see data for the cost of flights from your airport. In Madrid, the difference between the cheapest and the most expensive week is about $542, so you can easily save about 80% simply by using our free flight guides and booking in advance.
Daily Expenses Budget
Daily vacation expenses vary more based on what you’re interested in doing. A fine dining restaurant with drinks around Madrid can easily cost $150 per person or more, while a standard nice meal might be about $10 per person. Private tours can cost $307 per day, but self-guided tours to see the outdoor sights can be free. Costs vary wildly, so recommendations are made based on the cost of living and averages we see for this type of vacation.