Best Budget Restaurants in Madrid (2026)

C. de Colmenares, 5, Centro, 28004 Madrid, Spain

Colorful space dishing up Indian cuisine. Curries, tandoori & other Indian staples presented in a vibrant setting with chandeliers & wall art.

C. de Isabel la Católica, 13, Centro, 28013 Madrid, Spain

Popular budget-friendly Mexican eatery in Madrid's Centro district. El Rey de los Tacos serves authentic tacos and traditional Mexican fare that has earned a loyal following.

Cra de S. Jerónimo, 32, Centro, 28014 Madrid, Spain

Affordable Mexican taqueria on one of Madrid's most iconic streets. Primo restaurant offers fresh, flavourful tacos and Mexican classics in the heart of the city.

C. de Colmenares, 13, Centro, 28004 Madrid, Spain

Modern spot with Middle Eastern menu. Health-conscious, veggie, homemade dishes offered in a bright, contemporary, Middle Eastern eatery.

C. de Hernán Cortés, 19, Centro, 28004 Madrid, Spain

Global flavors in a laid-back eatery. Casual restaurant offering generous international dishes with thoughtfully sourced ingredients.

Costanilla de Capuchinos, 3, Centro, 28004 Madrid, Spain

Vibrant Latin American kitchen in the heart of Madrid. FIERA delivers bold, affordable dishes inspired by South American street food in a lively Centro setting.

C. de Cádiz, 4, Centro, 28012 Madrid, Spain

Colorful, zany spot for drinks & tapas. Maximalist, multicolored venue serving cocktails & tapas, plus Spanish dishes like paellas.

C/ del Mesón de Paños, 1, Centro, 28013 Madrid, Spain

Beloved budget tapas bar near Plaza Mayor. El Minibar draws crowds with its generous portions of classic tapas and a convivial atmosphere.

C. de San Bartolomé, 4, Centro, 28004 Madrid, Spain

Bright bistro for spirits & small plates. Cheery tavern serving up tapas, eclectic entrees & creative cocktails in a warm atmosphere.

C. de Valverde, 8, Centro, 28004 Madrid, Spain

Creative Indian fare in stylish digs. Fashionable restaurant preparing inventive takes on traditional Indian specialties.

C. de Tetuán, 26, Centro, 28013 Madrid, Spain

Affordable Middle Eastern gem on a bustling Centro street. The Matbah serves aromatic, home-style dishes drawing on rich culinary traditions from across the region.

Corredera Alta de San Pablo, 1, C. de Don Felipe, 2, 28004 Madrid, Spain

Casual Mediterranean street food spot specializing in gyros. Vira Vira. The Gyro's - Street Food offers fresh, affordable wraps and bowls in a cheerful setting.

C. de Barcelona, 12, Centro, 28012 Madrid, Spain

Trendy cocktail bar and restaurant in Madrid's Centro. Lynch - Food and Cocktails pairs inventive drinks with a creative, affordable menu in a stylish atmosphere.

Calle de Silva, 4, Centro, 28013 Madrid, Spain

Hunan-style fare in a sleek setup. Modern Chinese restaurant serving Hunan-style cuisine & drinks in a stylish, industrial ambiance.

C. del Príncipe de Anglona, 1, Centro, 28005 Madrid, Spain

Cheerful Mexican taqueria near La Latina district. Solito Mexican Taqueria serves up fresh tacos, quesadillas and other Mexican favourites at wallet-friendly prices.

C. de Vergara, º3, Centro, 28013 Madrid, Spain

Budget-friendly Italian pizzeria in central Madrid. Mr Pizza offers a wide selection of freshly baked pizzas and Italian staples in a casual, welcoming setting.

Gran Vía, 4, Centro, 28013 Madrid, Spain

Mediterranean dining in a hip eatery. Mediterranean sharing plates & mains are complemented by wine at this cool, industrial restaurant.

C. de Regueros, 7, Centro, 28004 Madrid, Spain

Pizza & pasta in old-timey surrounds. Quaint standby for traditional pizza & pasta dishes & Italian wines, with a small terrace.

C. de San Vicente Ferrer, 44, Centro, 28004 Madrid, Spain

Classic tapas & mains in a bright eatery. Traditional main dishes, tapas & desserts in a charming, colorful restaurant/bar.

C. de la Cruz, 39, Centro, 28012 Madrid, Spain

Buzzing bullfighter-themed tapas bar. Lively stop for classic tapas like cured anchovies & Iberian ham, with flamenco music & matador art.

C. de Valverde, 6, Centro, 28004 Madrid, Spain

Popular American-style burger joint in Centro. Burnout Burgers serves up juicy, generously topped burgers and sides at great value prices.

C. de la Victoria, 3, Centro, 28012 Madrid, Spain

Neighbourhood beer bar in Madrid's lively Centro. Cervecería Cruz de Malta is a friendly, no-frills spot for draft beers, vermouth and simple tapas.

C. de las Huertas, 55, Centro, 28014 Madrid, Spain

Cheerful, affordable eatery on the vibrant Calle de las Huertas. Restaurante Lola Sí Mola serves hearty, home-style dishes in a fun and welcoming atmosphere.

C. de Ventura de la Vega, 6, Centro, 28014 Madrid, Spain

Curry dishes on a buzzing street. Traditional curries & rice dishes, plus lassi yoghurt drinks, on a lively row of bars & restaurants.

C. de Barbieri, 14, Centro, 28004 Madrid, Spain

Stylish restaurant for pizza & snacks. Hip eatery with an industrial vibe specializing in pizzas & shared plates, plus drinks & desserts.

Calle del Clavel, 7, Centro, 28004 Madrid, Spain

Modern stop for noodle dishes & curries. Tom yam soup, pad thai & curries in a contemporary space with a bamboo latticework ceiling.

C. de los Caños del Peral, 9, Centro, 28013 Madrid, Spain

Trendy place for ceviche & cocktails. Upmarket South American cuisine & cocktails in a trendy space with vintage decor & colorful murals.

Cava de San Miguel, 8, Planta baja, Centro, 28005 Madrid, Spain

Cozy, budget-friendly restaurant tucked away near Plaza Mayor. Casa Garcia offers honest, home-style cooking in a welcoming neighbourhood setting.

C. de la Salud, 13, Centro, 28013 Madrid, Spain

Mexican tacos in a no-frills setting. Meat-filled tortillas & other Mexican fare served with margaritas & beer at a late-night hot spot.

Cl. de Ayala, 28, Salamanca, 28001 Madrid, Spain

Busy market stall for Spanish omelets. Popular, long-running counter in a covered market serving tortillas de patatas & other tapas.

C. de la Torrecilla del Leal, 12, Centro, 28012 Madrid, Spain

Buzzing, colorful spot for tapas. Casual, modern tavern decorated with Spanish movie posters, serving tapas dishes & raciones.

C. del Príncipe, 18, Centro, 28012 Madrid, Spain

Counter-serve Spanish-sandwich chain. Chain with many Spanish mini-sandwiches plus beer & wine in a tavernlike, counter-serve setting.

Gran Vía, 7, Centro, 28013 Madrid, Spain

Health-focused chain restaurant on Madrid's iconic Gran Via. Honest Greens Gran Via 7 offers wholesome, sustainably sourced vegetarian and vegan bowls, salads and smoothies.

Calle de Chinchilla, 2, Centro, 28013 Madrid, Spain

Old-fashioned venue for Spanish cuisine. Gazpacho soup, paella & egg dishes like tortilla, in a wood-paneled room with exposed brickwork.

C. de la Luna, 9, Centro, 28004 Madrid, Spain

Snug restaurant for plant-based bites. Casual eatery in a compact space specializing in plant-based dishes & desserts, plus organic drinks.

Calle de Cervantes, 8, Centro, 28014 Madrid, Spain

Cozy stop for vegan comfort food. Snug venue doling out home-made vegan burgers, hot dogs & other comfort eats, plus beer & wine.

Calle de, Pl. del Conde de Miranda, 4, Centro, 28005 Madrid, Spain

Lively global brasserie with cocktails. Buzzing spot for a global mix of burgers, salads, meat & fish dishes, with a bar for cocktails.

Pl. de Isabel II, 5, Centro, 28013 Madrid, Spain

Quick-service Mexican burrito bar near the Opera. Tierra Burrito Bar serves generously stuffed burritos, bowls and nachos at budget-friendly prices.

C. de las Huertas, 24, Centro, 28014 Madrid, Spain

Casual tavern serving tapas & wine. Laid-back tavern offering small plates, Spanish fare & sangria in a cozy environment.

C. del Ave María, 18, Centro, 28012 Madrid, Spain

Curries on a busy sidewalk terrace. Indian & Bangladeshi curries & rice dishes at a popular neighborhood eatery with outdoor seats.

C. de Manuel Fernández y González, nº 7, Centro, 28014 Madrid, Spain

Traditional tiling, cocktails & tapas. Lively bar/eatery with traditional wall tiles, for cocktails, classic tapas & robust Spanish mains.

C. de las Huertas, 12, Centro, 28012 Madrid, Spain

Inventive tapas, tasting menus & wine. Creative small plates, wine & tapas tasting menus in an industrial-chic space with garden tables.

C. de Bordadores, 3, Centro, Centro, 28013 Madrid, Spain

Vegan pizza in a brightly painted bistro. Lunch menus at a colorful vegetarian restaurant known for pizza & Mexican-influenced specialities.

C. de las Huertas, 4, Centro, 28012 Madrid, Spain

Compact spot for pho noodles & curries. Pho, spring rolls & spicy curries at a busy, cozy Vietnamese bistro with a chic modern design.

C. de Toledo, 26, Centro, 28005 Madrid, Spain

Fresh and affordable Asian-inspired poke bowls in Centro. Healthy Poke lets diners build customised bowls with quality fish, vegetables and toppings.

C. de Tetuán, 12, Centro, 28013 Madrid, Spain

Classic restaurant for tapas & fish. Unpretentious, long-standing eatery with a local menu highlighting cod dishes, croquettes & tapas.

Cost.ª de San Andrés, 12, Centro, 28005 Madrid, Spain

Lively tapas bar in the heart of La Latina. La Musa Latina serves creative small plates and classic tapas in a bustling, sociable atmosphere.

Cava de San Miguel, 17, Centro, 28005 Madrid, Spain

Rustic stop specializing in mushrooms. Down-home restaurant with outdoor tables, known for its mushrooms, fried green peppers & sangria.

C. de la Cruz, 14, Centro, 28012 Madrid, Spain

Relaxed stop for offal & seafood tapas. Laid-back, counter-serve spot for seafood & offal tapas, with tiles & photo-covered walls.

C. de la Victoria, 2, Centro, 28012 Madrid, Spain

Modern stop known for Galician octopus. Galician dishes like octopus & wood-fired empanadas whipped up in an industrial-chic space.

C. de Barcelona, 4, Centro, 28012 Madrid, Spain

Intimate venue for Spanish cuisine. Cozy, colorful space for tapas & drinks, plus seasonal seafood plates & Spanish meat dishes.

C. de la Victoria, 5, Centro, 28012 Madrid, Spain

Traditional Spanish tavern on a lively Centro street. Venta El Buscón serves classic home-cooked dishes, tapas and wines in an authentic, affordable setting.

Calle de Echegaray, 7, Centro, Centro, 28014 Madrid, Spain

Decades-old tavern for varied sherries. Wood casks & dusty bottles in a tavern from the 1930s, serving 5 types of sherry with rustic tapas.

Pl. de Cascorro, 2, Centro, 28005 Madrid, Spain

Laid-back restaurant for Mexican eats. Unfussy Mexican eatery serving tacos, burritos & quesadillas, plus mezcal, margaritas & cocktails.

Calle del Dr. Carracido, 67, Centro, 28013 Madrid, Spain

Low-key Cantonese eatery with desserts. Cantonese specialities, desserts & fruit teas are offered in this bright, pared-down restaurant.

C. del Prado, 16, Centro, 28014 Madrid, Spain

Spacious, affordable all-day restaurant on Calle del Prado. Lamucca de Prado offers an eclectic international menu in a bright, art-filled space popular with locals.

C. de la Ballesta, 32, Centro, 28004 Madrid, Spain

Affordable Mediterranean seafood spot in the Centro district. La Pescadería serves fresh fish, shellfish platters and Mediterranean dishes in a relaxed, modern space.

C. de la Victoria, 9, Centro, 28012 Madrid, Spain

Andalusian classics in a striking space. Restaurant home to bold artwork, serving Andalusian staples like grilled meat & open sandwiches.

C. de Cádiz, 9, Centro, 28012 Madrid, Spain

Tapas & cocktails at a compact tavern. Old-fashioned tapas bar popular for mojitos & sharing platters of Spanish ham & fried peppers.

C. de Mesonero Romanos, 4, Centro, 28013 Madrid, Spain

Classic dishes in a casual eatery. Compact restaurant with a down-to-earth ambiance offering traditional meals & light bites.

Cava de San Miguel, 15, Centro, 28005 Madrid, Spain

Cavern bar known for Spanish omelet. Lively cavelike venue for simple tapas dishes & Spanish potato omelet, with a busy sidewalk terrace.

C. del León, 10, Centro, 28014 Madrid, Spain

Artisan bread, cakes & light savory fare. Bakery/cafe in historic premises, for artisan breads & cakes, plus coffee & savory lunch dishes.

C. de la Montera, 22, Centro, 28013 Madrid, Spain

Northern Spanish dishes & outdoor dining. Traditional Galician meat & fish dishes in an airy space with terrace tables & private dining rooms.

C. de los Caños del Peral, 2, Centro, 28013 Madrid, Spain

Grand setting for classic Spanish dishes. Tapas & salads, plus fish dishes & burgers, in a series of elegant rooms around a wood-paneled bar.

Corre. Baja de San Pablo, 31, Centro, 28004 Madrid, Spain

Hip eatery serving global fare. Trendy, rustic-chic restaurant specializing in contemporary international cuisine.

C. de la Libertad, 21, Centro, 28004 Madrid, Spain

Innovative dishes in a shoplike space. Imaginative Mediterranean plates & set menus in a chic room decorated like a Spanish grocery store.

28004, C. de la Libertad, 1, 28004 Madrid, Spain

Stylishly retro spot for updated tapas. Modern twists on tapas, tomato salads & vermouth at an enduring, retro-chic spot with a vintage bar.

C. de Núñez de Arce, 15, Centro, Centro, 28012 Madrid, Spain

Affordable Indian restaurant in the heart of Centro. Taste Of India offers traditional curries, tandoori dishes and naan breads in a cosy, unfussy setting.

C. de Espoz y Mina, 18, Centro, 28012 Madrid, Spain

Little, rustic option for Spanish tapas. Classic Spanish tapas & wine served in a small, relaxed interior with brick walls & a warm vibe.

C. del Marqués de Cubas, 6, Centro, 28014 Madrid, Spain

Relaxed setting for classic Indian food. Samosas, tandoori, biryani & an array of curries at a convivial, unpretentious Indian place.

Pl. del Rey, 4, Centro, 28004 Madrid, Spain

Hip modern tavern with sharing plates. Burgers, cocktails & creative small plates in a trendy contemporary tapas bar with a busy terrace.