Free & Cheap Things to Do in Madrid

Discover the best free and cheap things to do in Madrid, from stunning parks to lively tapas bars. Perfect for budget travelers and deal hunters!

Madrid has a reputation for elegance and energy also grand boulevards, royal palaces, and tapas bars that spill into the streets. But what many travelers don’t realize is that you can experience much of Spain’s capital without spending much at all. At Jetsetclub.co, we’re all about helping travelers enjoy the world for less, and Madrid is one of those cities that rewards curiosity and good walking shoes more than a big budget. Whether you’re chasing art, food, or a lazy afternoon in the sun, here’s how to experience Madrid for free (or close to it).

Iconic Landmarks You Can See for Free

• Royal Palace of Madrid (free times): On certain evenings, EU citizens can visit the official residence of Spain’s royal family for free. Make sure to check current hours before you go. Even if you skip the inside, the exterior and nearby Plaza de Oriente are spectacular.

• Plaza Mayor: This 17th-century square is one of Madrid’s most photographed spots. Grab a cheap coffee, watch the street performers, and soak in the atmosphere.

• Puerta del Sol: The beating heart of the city and the spot where Madrid counts down to the New Year. Perfect for people-watching and street photos.

Local Markets & Street Culture

• El Rastro Market: Every Sunday, this massive open-air market fills the La Latina neighborhood with stalls selling vintage goods, crafts, and curiosities. Even if you don’t buy anything, wandering the streets is a Madrid must-do.

• Mercado de San Miguel: One of the city’s most famous markets, filled with tapas and wine stalls. Grab a small snack or just enjoy the buzz of locals and travelers mingling.

• Malasaña & Chueca: Two of Madrid’s trendiest neighborhoods that are known for street art, small shops, and outdoor terraces that don’t cost a thing to explore.

Budget-Friendly Food Experiences

• Tapas Culture: Many bars in Madrid still follow the tradition of serving free tapas with your drink and order a caña (small beer) and enjoy the surprise.

• La Casa del Abuelo: Try a plate of gambas al ajillo (garlic shrimp) or tortilla española for under €10 in this classic local spot.

• Mercado de la Cebada: A more local (and cheaper) market than San Miguel, perfect for sampling Spanish cheese, olives, and jamón at local prices.

Free Events, Festivals & Tours

• Museo del Prado (free hours): One of the world’s greatest art museums offers free entry every evening from 6–8 p.m. Don’t miss Velázquez’s Las Meninas!

• Reina Sofía Museum (free hours): Visit for free on Mondays and Saturdays in the evenings to see Picasso’s Guernica and other modern masterpieces.

• Madrid Walking Tours: Tip-based tours are a fun way to explore Madrid’s history, architecture, and tapas culture without breaking the bank.

Scenic Spots & Outdoor Spaces

• Retiro Park: Madrid’s most famous park offers boating, fountains, sculptures, and endless green space, it is all free to enjoy. Don’t miss the Crystal Palace!

• Templo de Debod: This ancient Egyptian temple was gifted to Spain and is one of the city’s best free sunset viewpoints.

• Madrid Río: A revitalized riverfront park that stretches for miles, perfect for biking, walking, or a picnic with local snacks.

Extra Tips for Saving Money in Madrid

• Public transport is cheap and efficient. Go ahead and grab a 10-trip metro card for serious savings.

• Many attractions have free entry on specific days or times, so plan your sightseeing around them.

• Madrid’s Menú del Día (daily lunch specials) are incredible value, three courses and a drink for around €12–15.

Madrid is one of those cities that proves you don’t need a big budget to have a big adventure. From free art museums and lively local markets to sunset viewpoints and delicious tapas, there are endless ways to enjoy Spain’s capital without overspending. Ready to make it happen? Check out the latest cheap flights to Madrid on Jetsetclub.co and start planning your next European getaway. And while you’re at it, explore our other guides like Free & Cheap Things to Do in Lisbon and Budget-Friendly Adventures in Rome for more affordable travel inspiration.