The Best Cheap Hotels in Toronto

SD › Toronto Best Cheap Hotels
Updated: January 24, 2021

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The 10 Best Budget Hotels in Toronto

1. The Clarence Park – Budget
Affordable King West hostel featuring a shared kitchen, cozy lounge area, rooftop terrace, self-service laundry, and on-site parking (fee applies). Both private rooms with ensuite bathrooms and shared dormitory rooms are available, and the hostel is located within a 7-minute walk (500m) of the Rogers Centre and a 10-minute walk (750m) of the CN Tower.

2. Planet Traveler Hostel – Budget
Situated within 1km of the University of Toronto – St. George Campus (850m, 11-minute walk), this eco-friendly hostel is a 5-minute walk (400m) from Kensington Market, and offers free breakfast, daily social events, on-site parking (fee applies), a communal kitchen, rooftop bar, and lounge area with a fireplace and TV. In addition to private rooms with ensuite bathrooms, mixed and female-only dormitory rooms are available.

3. The Alexandra – Budget
Budget hotel located adjacent to Alexandra Park, a 9-minute walk (750m) to Kensington Market, and a 4-minute walk (300m) to the shops, restaurants, and nightlife of Queen Street. All guestrooms feature kitchenettes and desks, and coin-operated laundry facilities and a parking lot (fee applies) are on site.

4. The Rex Hotel Jazz & Blues Bar – Budget
Downtown, good value hotel located a 2-minute walk (150m) from Osgoode Station, a 5-minute walk (350m) from the Scotiabank Theatre, and a 10-minute walk (750m) from the Eaton Centre mall with an on-site restaurant and jazz bar. Rooms feature either private or shared bathrooms, and breakfast is available for a fee.

5. Super 8 by Wyndham Downtown Toronto – Budget
Located a 3-minute walk (260m) from the shops and restaurants of Queen Street, an 8-minute walk (600m) from Kensington Market, and a 10-minute walk (800m) from the Scotiabank Theatre, this budget hotel offers free continental breakfast, a fitness center, on-site parking (fee applies), and coin-operated laundry facilities. Guest room amenities include refrigerators, microwaves, and desks, and every room has a private bathroom.

6. Chelsea Hotel Toronto – Moderate
Located a 5-minute walk (450m) from the Eaton Centre mall and a 14-minute walk (1.1km) from the Art Gallery of Ontario, this high-rise, family-friendly hotel features an indoor family pool with a waterslide, kids club, teen game room, adults-only rooftop pool, and fitness center. Dining options include a restaurant, lounge bar, coffee and wine bar, and room service; some rooms have balconies, kitchens, and access to the executive lounge.

7. Holiday Inn Express Toronto Downtown – Moderate
Situated 6 minutes on foot (500m) from the St. Lawrence Market and 9 minutes (700m) from the Eaton Centre mall, this modern hotel has free continental breakfast, a business center, gym, self-service laundry facilities, and on-site parking for a fee. Rooms include private bathrooms, desks, Keurig coffee makers, refrigerators, and microwaves.

8. Hotel Victoria – Moderate
Historic boutique hotel located in the Financial District, just a 1-minute walk (110m) from the Hockey Hall of Fame, a 7-minute walk (500m) from Union Station, and a 7-minute walk (600m) from the St. Lawrence Market. Rooms have hardwood floors and coffee makers, and hotel amenities include a restaurant serving breakfast and lunch, and free access to a nearby pool and gym.

9. Gladstone Hotel – Moderate
Art-focused boutique hotel with on-site art exhibitions, karaoke nights, guest rooms designed by local artists, a lively bar, and a cafe open all day. Every guest room features unique decor, but all have private bathrooms and desks. This historic hotel is located steps to numerous restaurants on Queen Street and a 15-minute tram ride to the Scotiabank Theatre.

10. SoHo Metropolitan Hotel – Luxury
Contemporary boutique hotel that often has affordable rates, with an on-site sports bar, fitness center, indoor lap pool, complimentary house car service, and business center. Trendy rooms have marble bathrooms with heated floors, floor-to-ceiling windows, and Frette linens. Located 5 minutes on foot (350m) from the Rogers Centre and 8 minutes (550m) from the shops and restaurants of Queen Street.

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Santorini Dave Author Bio. Santorini Dave was started in 2011 by a guy who loved Greece, travel, and great hotels. We're now a small team of writers, mapmakers, videographers, and researchers on a mission to deliver the most helpful travel content on the internet. We specialize in Santorini, Mykonos, Athens, and Greece and recommend the best hotels, best neighborhoods, and best family hotels in top destinations around the world. We also make hotel maps and travel videos. I can be contacted at