Set opposite the Almudena Cathedral and the Royal Palace – hugely popular tourist hubs in the gorgeous capital – and 20 minutes' walk from El Prado Museum, this hostel is perfectly located to explore everything Madrid has to offer. You're also only a 10 minute walk from the Puerta del Sol metro station. The hostel offers both private and dorm rooms (mixed and female-only) and many have private bathrooms. You will have access to the large chill-out lounge, boasting a TV and WiFi, and there's even a huge, shared kitchen to relax in. However, you're slap-bang in a fantastic tapas district if you want to head outside.