5 Days in Madrid: The Perfect 5-Day Itinerary (2026)

By Flavia Voican, 360 Business Tour · Updated April 2026

Day 1-2: Highlights

Start with a visit to the iconic Plaza Mayor in the morning, where you can enjoy local cafés and street performances. Next, explore the grandeur of the Royal Palace (€15 entrance; open 10 AM - 6 PM, closed Mondays). End the day with a walk up to the Temple of Debod, offering stunning views over the city and free entry every Thursday until midnight.

Day 3: Culture

Visit the world-renowned Prado Museum (€15; open 10 AM - 7 PM, closed Sundays). Afterward, take a stroll through the Retiro Park, where you can rent a swan boat for €5. Finish the day at the Thyssen-Bornemisza Museum (€15; open 10 AM - 7 PM, closed Tuesdays) for a comprehensive art experience.

Day 4: Local Food & Neighbourhoods

Head to La Latina for authentic Spanish tapas, with standout spots like La Vía Dolorosa or Casa Lucio. Visit Mercado de San Miguel for gourmet bites and drinks (entrance €5). Don’t miss a churro from Churrería San Ginés (€1.20 for a generous serving with hot chocolate).

Day 5: Day Trip & Departure

Take an early train to Toledo (€10-15 round trip, 30-minute journey) for a day of Gothic architecture and views of the Tagus River. Return to Madrid in the evening for a final meal at the lively area of Chueca before departing the next day.

Practical Tips & Budget

Book museum tickets online to skip the lines and consider purchasing the Madrid Tourist Travel Card for unlimited public transport. Carry some euros in cash, as some smaller businesses may not accept cards.

• Budget: €60-90/day budget, €120-180/day mid-range
• Transport: Madrid’s metro system is efficient and affordable (€1.50 per ride)
• Best area to stay: Salamanca or Chamberí for comfort and convenience