Malasaña is to Madrid what Shoreditch is to London or Södermalm is to Stockholm: Yeah, you're right. It is the "hipster" neighbourhood. You will find many quirky shops and cafés, people riding vintage bikes and the best: tapas. Why not?
InterRail map with travel times between popular destinations. You must learn to read the charts and books to plan a trip. Train travel is so dependable and easy. / Interrail is something I want to do real soon!