MuchoMadrid

I stayed here on 3 separate occasions (4 nights in total) and even though it was quite noisey (it's on a very major street) it's a good place to stay if in transit. Just bring some ear plugs with you.

It's extremely clean, one of the best breakfasts, free internet, very secure, right infront of metro stop, only 2 lines from airport, walking distance to shops, restaurants, theatres, etc.

Unique Quality: You get a towel with your linens which may not seem like much but if you're backpacking, it's very handy because less time you have to use your towel.

Great breakfast, not just your average bread and butter. You get cheese, cereal, chocolate milk, cake, etc.

They do have some age and cancellation restrictions.

Directions: From the airport:

Take metro (Line 8 ) to Nuevos Ministerios Station. Change to Line 10 and get off at Plaza de España Station. The Hostel is inbetween one cafe, the cafe Zahara and the italian restaurant DiBoca