Travel Guide Budget and Itinerary for Madrid

The capital of Spain is a bustling city that's an eclectic mix of old and new. I was finally able to explore Madrid not just as a layover when I returned.

Read more about my adventure around Madrid.

Travel Guide Budget and Itinerary for Madrid

Madrid is the bustling and historic capital of Spain. Philip III officially made the city the capital in the mid-16th century. Philip II and his successors led the development of Madrid during their reign. They preserved the city's old but overcrowded center wherein majestic palaces, beautiful churches, and public buildings were constructed. Madrid is an eclectic mix of old and new. It's a vibrant city teeming with life throughout the day. There's plenty to see and do, and plenty of cafes, bars, and green spaces wherein you can slow it down after a hectic day of sightseeing.

How to Get a Schengen Visa

Filipino passport holders need a Schengen visa to enter Spain. You can apply for a visa from any of the member states. I got Schengen visas from Austria, Czechia (2x), Poland and Italy. The basic requirements include a valid passport, financial documents, and proof of rootedness.

Read my guide here: how to get a Schengen visa for Filipinos

How to Get to Madrid

Madrid is a major city that is well connected to other countries in and outside of Europe.

By Plane via Madrid-Barajas Adolfo Suárez Airport (MAD)

Once at the airport, you can get to the city center via:

Metro Line 8
Taxi
Airport Express Bus
Train (Cercanías) from Terminal 4

By Train

Use Renfe high-speed trains, sample cities below:

From Barcelona – ~2.5 hours
From Seville – ~2.5 hours
From Valencia – ~1.5–2 hours

Trains arrive at Madrid Puerta de Atocha or Madrid Chamartín stations.

By Bus

Cheaper than trains, longer travel time.

Use companies like ALSA or FlixBus
Buses arrive at Estación Sur or Moncloa

Things to Do in Madrid

There's plenty to see and do when you're planning your budget and itinerary for Madrid. This vibrant city is home to a number of museums, art galleries, historic sites, numerous restaurants, bars, and cafes, and has green spaces if you want to get away from the urban jungle.

Palacio Real

The royal court wanted to make an impression whenever visitors come so they designed this grandiose palace in a way that elicits a strong and positive response. Its Neoclassic exterior used white Colmenar stone and granite as materials. Like other palaces I've been to, the grand staircase sets the tone for the entire visit with its grandiose appearance. Paintings from renowned artists decorate the interiors of the halls and rooms along with exquisite pieces of furniture. Some of the places of interest inside the palace include the Throne Room, Salon de Gasparini, Salon de Columnas, Capilla Real, and the Comedor de Gala.

Almudena Cathedral

This beautiful cathedral near the Palacio Real is a remarkable piece of architecture. It dates to the late 19th century but construction and its consecration didn't take place until more than a century after. A civil war and limited resources delayed its completion. Pope John Paul II consecrated this church in the early 1990s.

Retiro Park

Amid the hustle and bustle and concrete jungle of Madrid lies Retiro Park. This sprawling green space is a respite after a day (or two or more) of sightseeing. Locals and visitors alike take leisurely strolls along its many trails, pick a spot to relax and unwind in, or go boating. The Spanish royal family used to own the park but it was later opened to the public. It's home to thousands of trees and several gardens.

Plaza Mayor

Philip III had this 16th century plaza built as a commercial center. It also became the venue for many ceremonial events that took place in Madrid. Fast forward to today, it's still a gathering place for both locals and tourists. The area is home to many cafes and restaurants. It's a lively spot throughout the day and connects people to many other streets and parts of the city.

Temple of Debod

This temple is a relic of Egypt's past. The Egyptian government gave this temple as a gift to Spain. The Egyptians transported the temple to Spain in the 1960s. The temple itself dates to the 2nd century BC. You can find this temple at Cuartel de la Montaña Park.

Puerta del Sol

El Oso y el Madroño statue The Wandering Juan

This iconic and historic square is a lively spot that's buzzing with energy. Here you'll find Kilometre Zero and the El Oso y el Madroño statue. Its streets contain pastry shops, restaurants, fast food chains, shops, and boutiques. This area has also witnessed many historic events in the country such as the declaration of the Second Republic.

Puerta de Alcalá

King Charles III had this arch built in the 18th century. He commissioned the services of Italian architect Francesco Sabatini. This grandiose granite structure is a famous city landmark.

Palacio de Cibeles

This striking piece of architecture dates to 1919 and used to be the post office's headquarters. It's now Madrid's town hall.

Eating and more Eating

Madrid is a food city in my opinion. There's plenty of restaurants that serve local dishes and drinks as well as a wide selection of international cuisine. You can splurge on a nice meal or go on a budget and still get good food.

Some places you might want to add to your budget and itinerary for Madrid:

Museo Nacional del Prado
Estadio Santiago Bernabéu
Museo Nacional Centro de Arte Reina Sofía
Museo Thyssen-Bornemisza: Fine Arts Museum

Day Trips from Madrid

Madrid can be a base to explore nearby cities as a day trip. Here are a few day trips you can consider during your visit.

Avila

If you're looking for an easy day trip from Madrid, look no further than Avila. The Spaniards founded Avila in the 11th century. Its beautiful and preserved old town is a UNESCO World Heritage Site. Its imposing walls and gates protected the city from the Moors. Avila's medieval appearance will take you back in time when you explore its historic center. The Avila Cathedral, Basilica de San Vicente, and the Convento de Santa Teresa de Jesús are noteworthy places to visit. You can go on your own or join a tour for convenience.

You can book a tour here: Avila day trip

Segovia

Segovia is a charming destination which you can do as a day trip from Madrid. It's better to spend at least two days here, but if you don't have time a day is enough to see the highlights. Segovia's historic center is a UNESCO World Heritage Site. The ancient Roman Aqueduct is an engineering feat. It channeled water several kilometers away into the city. The Alcázar de Segovia dates to the 12th century and was the former royal residence. The Catedral de Segovia is another beautiful architectural wonder. This Gothic structure dates to the 16th century. Inside the cathedral are elaborate chapels, religious art, and sculptures.

You can book a tour here: Segovia day trip

Getting around Madrid

Madrid has an extensive and effective public transportation system, which makes exploring the city convenient.

Metro (Subway)

You can buy a Metro Card (TTP or Multi Card) at any station.

Tips:

Metro runs from 6:00 AM to 1:30 AM.
Clean, safe, and extensive network (12+ lines).
Check transfers — stations can be big!

City Buses (EMT)

Operating hours: Most run from 6:00 AM to 11:30 PM, with night buses (búhos) after that.

Tip: You can pay with a contactless card or Multi Card.

Walking

The city center (Sol, Gran Vía, La Latina, Malasaña) is compact and pedestrian-friendly.

Taxis / Uber / Cabify / Bolt

White Taxis with a red stripe. Metered, official, and available at taxi stands or hailed.

Uber/Cabify/Bolt: All work in Madrid. Often slightly cheaper than taxis.

Cercanías (Suburban Trains)

Good for day trips (e.g., El Escorial, Toledo via connection).
Connects to Metro at major stations like Atocha and Chamartín.

Where to Stay in Madrid

Madrid is home to many types of accommodation that fit your budget. I often choose to stay in a hostel dorm because it's an affordable option because I'm out the whole day anyway. You can also find many hotels across the budget spectrum whether you want to splurge or save money. I often browse www.booking.com to look for options.

Budget for Madrid

A budget of roughly €75-€80 a day covers a bed in a hostel dorm, tour group day trips, food and drinks, transportation, and some entrance fees. The amount you spend depends on where you eat, where you stay, if you take taxis or use ride hailing apps often, and how many paid things you want to do. You can spend more or less than the amount mentioned, it all depends on your interests and travel style.

You might want to read my other posts about Spain: