Barbieri Sol Hostel offers travelers a clean bed for a decent price. As its name suggests, Barbieri Sol Hostel is located beside the Puerta del Sol, the heart of Madrid, and is close to many shops, restaurants and bars. While the hostel isn't a party place (although parties can easily be found nearby), the hostel's best feature is the large open air terrace where you can hang out with other guests. The hostel has free Wi-Fi and free daily breakfast; guests are allowed to use the kitchen if they want, too. The reception desk is open 24 hours a day.
MAD Hostel Madrid is a large hostel centrally located in the Barrio de las Letras neighborhood, where there is plenty of nightlife. All of the hostel's dormitory-style rooms hold between four to six people. Some rooms have an en suite bathroom while others have shared bathrooms close by. Guests can hang out in the common room with a bar, the courtyard patio and the roof-top terrace. The hostel provides free daily breakfast and Wi-Fi. In addition, guests can use the small kitchen. There is a gym on the premises, but walking around beautiful Madrid provides a more pleasant form of exercise.
Cat's Hostel is a good place to meet people and party as well as get a decent night's sleep. The Cave Bar is relaxing for the free breakfast in the morning, but at night it turns into a party bar complete with DJs a couple of nights a week. The interior patio is pretty and reveals the building's historic past. Cat's Hostel has rows of dormitory-style bathrooms so you won't have to wait to use the facilities when you need to. Guests have free use of computers with Internet access and the hostel is open 24 hours a day.