Here is a good bargain if you search for a cool place to stay in Madrid: Living Madrid rents appartments where you simply feel at home, comfortable - with regards to space, equipments, such as wifi and home cinema. I think all of them are located downtown, within walking distance of places of interest like museums, nice neighborhoods for hanging out or going out. In some of them can fit up to 6 people and prices range from €85 for 2 to +/-€160 for 6 per night.
