Finding affordable accommodation in a bustling metropolis like Toronto can feel like a daunting task, but it doesn’t have to be. Whether you’re visiting for business, leisure, or a bit of both, discovering the best cheap hotels in Toronto can make your trip both enjoyable and budget-friendly. This guide will navigate you through Toronto’s best cheap hotels, offering insights into the top cheap hotels in Toronto that combine comfort, convenience, and cost-effectiveness. From the heart of downtown to the charming neighborhoods, we’ll uncover the cheap places to stay in Toronto that won’t break the bank. Read on to find the best cheap places to stay in Toronto and ensure your stay is both memorable and economical.
Top 14 Cheap Hotels in Toronto
- The Rex Hotel
- Alexandra Hotel
- Hotel Victoria
- Bond Place Hotel
- Howard Johnson by Wyndham Toronto Downtown West
- Knights Inn Toronto East
- Comfort Inn Toronto City Centre
- Neill-Wycik College Hotel
- The Strathcona Hotel
- Isabella Hotel and Suites
- All Days Hostel
- Studio 6 Toronto
- The Only Backpacker’s Inn
- University of Toronto – New College Residence
The Rex Hotel
The Rex Hotel, located in the heart of downtown Toronto, is known for its vibrant live jazz performances and affordable rates, making it one of the best cheap hotels in Toronto for music lovers. This hotel offers a unique blend of comfort and entertainment, with cozy rooms that cater to budget-conscious travelers. Each room is equipped with essential amenities such as free Wi-Fi, cable TV, and air conditioning. The hotel also features an on-site restaurant and bar, renowned for its lively atmosphere and regular jazz shows. Guests can enjoy a complimentary breakfast, adding extra value to their stay. The Rex Hotel’s central location makes it easy to explore nearby attractions, including the CN Tower and Eaton Centre, making it a top cheap hotel in Toronto for both leisure and entertainment.
Address: 194 Queen St W, Toronto, ON M5V 1Z1, Canada
Contact: +1 416-598-2475
Alexandra Hotel
The Alexandra Hotel offers a quiet and affordable retreat in Toronto’s Kensington Market neighborhood. Known for its clean and spacious rooms, this budget hotel provides kitchenettes equipped with microwaves, refrigerators, and stovetops, allowing guests to prepare their own meals. The hotel’s amenities include free Wi-Fi, cable TV, and a coin-operated laundry facility. Its central location offers easy access to nearby attractions like Queen Street West, Chinatown, and the Art Gallery of Ontario. The Alexandra Hotel is ideal for long-term stays and families looking for cheap places to stay in Toronto. With its convenient location and homely atmosphere, it stands out as one of the best cheap hotels in Toronto, offering a comfortable and economical option for visitors.
Address: 77 Ryerson Ave, Toronto, ON M5T 2V4, Canada
Contact: +1 416-504-2121
Hotel Victoria
Hotel Victoria is a charming, budget-friendly option located in the heart of downtown Toronto. Known for its historic charm and modern amenities, this hotel offers a cozy and welcoming atmosphere. Each room features comfortable beds, free Wi-Fi, flat-screen TVs, and coffee makers. The hotel also provides a business center and concierge services. Hotel Victoria’s prime location places guests within walking distance of major attractions such as the Hockey Hall of Fame, St. Lawrence Market, and the Financial District. Its combination of affordability and convenience makes it one of Toronto’s best cheap hotels for business and leisure travelers alike. Guests appreciate the blend of historic elegance and contemporary comfort, making Hotel Victoria a top choice for budget-conscious visitors.
Address: 56 Yonge St, Toronto, ON M5E 1G5, Canada
Contact: +1 416-363-1666
Bond Place Hotel
Bond Place Hotel, situated in downtown Toronto, is known for its sleek, modern design and budget-friendly rates. This hotel offers a range of room types, including standard rooms, deluxe rooms, and suites, all equipped with modern amenities such as flat-screen TVs, coffee makers, and Wi-Fi. The hotel features an on-site fitness center, business center, and a Mediterranean-inspired restaurant, adding to its appeal. Bond Place Hotel’s central location makes it an ideal base for exploring Toronto’s attractions, including Yonge-Dundas Square, the Eaton Centre, and the Toronto Theatre District. Its combination of style, comfort, and affordability makes it one of the best cheap hotels in Toronto. The hotel’s special deals and discounts, especially for early bookings and extended stays, make it a top cheap hotel in Toronto for both short and long-term stays. Enhance your budget-friendly stay by exploring the top dining options near Yonge-Dundas Square for great food in Toronto.
Address: 65 Dundas St E, Toronto, ON M5B 2G8, Canada
Howard Johnson by Wyndham Toronto Downtown West
Howard Johnson by Wyndham Toronto Downtown West is a reliable and affordable option situated in the lively neighborhood of Parkdale. This hotel is known for its friendly service and comfortable accommodations, featuring rooms with free Wi-Fi, flat-screen TVs, and coffee makers. Some rooms also include kitchenettes, perfect for longer stays. Guests can enjoy a complimentary breakfast each morning and take advantage of the on-site parking. The hotel’s location offers easy access to attractions like High Park, the Toronto waterfront, and the trendy Queen Street West area. As one of the top cheap hotels in Toronto, Howard Johnson by Wyndham Toronto Downtown West is ideal for travelers looking for a budget hotel that provides good value, essential amenities, and a convenient location. For those looking to balance affordability with luxury, explore the best 4-star hotels in Toronto for a comfortable yet budget-friendly stay.
Address: 14 Roncesvalles Ave, Toronto, ON M6R 2K3, Canada
Contact: +1 416-532-9900
Comfort Inn Toronto City Centre
Comfort Inn Toronto City Centre is one of the best cheap hotels in Toronto, known for its convenient location and value-for-money accommodations. This hotel offers comfortable rooms equipped with amenities such as free Wi-Fi, flat-screen TVs, coffee makers, and work desks. Guests can enjoy a complimentary hot breakfast each morning, adding to the overall value. The hotel features a fitness center and a business center, catering to both leisure and business travelers. Its central location provides easy access to popular attractions like Yonge-Dundas Square, the Eaton Centre, and the University of Toronto. The combination of affordable rates, essential amenities, and a prime location makes Comfort Inn Toronto City Centre a top choice for those seeking budget hotels in Toronto.
Neill-Wycik College Hotel
Neill-Wycik College Hotel is a unique and affordable option in Toronto, particularly popular among budget-conscious travelers and students. Known for its dormitory-style accommodations, this hotel offers single and double rooms with shared bathroom facilities. Each room is equipped with basic amenities such as free Wi-Fi, a desk, and storage space. The hotel features a communal kitchen, laundry facilities, and a rooftop patio with stunning city views. Its central location near Ryerson University provides easy access to local attractions like Yonge-Dundas Square, the Eaton Centre, and numerous dining and shopping options. Neill-Wycik College Hotel stands out as one of the best cheap hotels in Toronto for those looking for a budget-friendly and community-oriented stay. Its affordability and central location make it a top choice for travelers seeking cheap places to stay in Toronto.
Address: 96 Gerrard St E, Toronto, ON M5B 1G7, Canada
Contact: +1 416-977-2320
The Strathcona Hotel
The Strathcona Hotel is one of the best cheap hotels in Toronto, known for its prime location and stylish accommodations. Situated in the heart of downtown, this hotel offers easy access to popular attractions such as the CN Tower, Rogers Centre, and the Financial District. The rooms are modern and comfortable, equipped with free Wi-Fi, flat-screen TVs, and coffee makers. Guests can enjoy the on-site York Street Cafe for breakfast and The Strath Pub for casual dining and drinks. The hotel also provides meeting rooms and a fitness center. The Strathcona Hotel’s blend of affordability, convenience, and contemporary design makes it a top choice for travelers seeking cheap places to stay in Toronto without sacrificing comfort or style.
Address: 60 York St, Toronto, ON M5J 1S8, Canada
Contact: +1 416-363-3321
Isabella Hotel and Suites
Isabella Hotel and Suites offers affordable elegance in a historic building located in downtown Toronto. Known for its charming Victorian architecture, this hotel provides a range of room types, including standard rooms and suites, all equipped with free Wi-Fi, flat-screen TVs, and coffee makers. Guests can enjoy the on-site restaurant and bar, which serves a variety of dishes and drinks in a cozy atmosphere. The hotel also offers concierge services and a business center. Its location near Bloor Street and the vibrant Church-Wellesley Village provides easy access to shopping, dining, and entertainment options. Isabella Hotel and Suites stands out as one of the top cheap hotels in Toronto, offering a unique blend of historic charm and modern amenities at an affordable price.
Address: 556 Sherbourne St, Toronto, ON M4X 1L3, Canada
Contact: +1 416-515-2000
All Days Hostel
All Days Hostel is a budget-friendly option in Toronto, known for its clean and comfortable accommodations. Located near Yonge and Bloor, this hostel offers private rooms and dormitory-style lodging, all equipped with free Wi-Fi and shared or private bathrooms. Guests can make use of the fully-equipped communal kitchen, laundry facilities, and a common lounge area with a TV and computers. The hostel’s central location provides easy access to public transportation, making it convenient to explore Toronto’s attractions such as the Royal Ontario Museum, Eaton Centre, and numerous restaurants and shops. All Days Hostel is one of the best cheap hotels in Toronto for travelers seeking affordable, clean, and centrally located accommodations. Its friendly atmosphere and essential amenities make it a top choice for budget-conscious visitors.
Address: 5 Selby St, Toronto, ON M4Y 1W3, Canada
Studio 6 Toronto
Studio 6 Toronto is one of the best cheap hotels in Toronto, offering extended stay accommodations with all the comforts of home. Located in the vibrant Queen Street West neighborhood, this hotel is known for its spacious, apartment-style rooms equipped with kitchenettes, free Wi-Fi, flat-screen TVs, and work desks. Ideal for both short and long-term stays, Studio 6 Toronto provides amenities such as laundry facilities, on-site parking, and pet-friendly rooms. Guests can easily explore nearby attractions like the Art Gallery of Ontario, Kensington Market, and Trinity Bellwoods Park. The combination of affordability, convenience, and home-like amenities makes Studio 6 Toronto a top choice for budget-conscious travelers looking for cheap places to stay in Toronto.
Address: 165 Grange Ave, Toronto, ON M5T 2V5, Canada
Contact: +1 416-603-7700
The Only Backpacker’s Inn
The Only Backpacker’s Inn is a popular budget-friendly hostel located in Toronto’s Danforth neighborhood. Known for its lively atmosphere and community feel, this hostel offers a variety of dormitory-style and private rooms, all equipped with free Wi-Fi and lockers. Guests can enjoy a complimentary breakfast each morning and have access to a fully-equipped communal kitchen. The hostel features an on-site bar and café, The Only Café, which is a favorite among locals and travelers alike. Additional amenities include laundry facilities, a common lounge area, and an outdoor patio. During your budget-friendly stay, enjoy the summer by exploring the best patios in Toronto with scenic views. Its location near Donlands subway station provides easy access to downtown Toronto and attractions like the Royal Ontario Museum and Eaton Centre. As one of Toronto’s best cheap hotels, The Only Backpacker’s Inn is perfect for social, budget-conscious travelers.
Address: 972 Danforth Ave, Toronto, ON M4J 1L9, Canada
Contact: +1 855-463-3249
University of Toronto – New College Residence
University of Toronto – New College Residence offers budget-friendly accommodations in a historic academic setting. Known for its clean and simple rooms, this residence provides both single and double occupancy options, all equipped with basic amenities such as free Wi-Fi and shared bathrooms. Guests can enjoy a complimentary continental breakfast, access to common areas, and laundry facilities. The residence is located in the heart of downtown Toronto, providing easy access to attractions like the Royal Ontario Museum, Queen’s Park, and Bloor Street shopping. The New College Residence is especially popular during the summer months when it opens its doors to travelers. Its affordability and central location make it one of the best cheap hotels in Toronto for visitors seeking a unique and economical stay in the city.
Deals and Discounts on Cheap Hotels
Finding great deals and discounts on cheap hotels in Toronto can significantly enhance your travel experience without breaking the bank. Common discounts available include seasonal deals, early booking discounts, and last-minute deals. Seasonal deals often align with off-peak travel times, such as winter months or mid-week stays, where hotels offer lower rates to attract guests. Early booking discounts reward those who plan ahead, offering reduced rates for reservations made well in advance. Conversely, last-minute deals cater to spontaneous travelers, providing discounted rates for bookings made shortly before the stay.
To find and book these deals, start by checking popular travel websites and apps such as Booking.com, Expedia, and Hotels.com, which often list exclusive discounts. Signing up for hotel newsletters or loyalty programs can also grant access to special promotions and member-only rates. Additionally, using comparison tools like Trivago can help you identify the best cheap hotels in Toronto by comparing prices across multiple platforms. Always keep an eye out for flash sales and special offers, which can provide significant savings. By leveraging these strategies, you can enjoy the best cheap places to stay in Toronto at unbeatable prices.
Tips for Booking Cheap Hotels in Toronto
Booking cheap hotels in Toronto can be made easier by following a few essential tips. The best times to book for the lowest rates are during off-peak seasons, such as winter or late fall, and mid-week days when demand is lower. Planning your trip well in advance can also help secure early booking discounts, ensuring you get the best cheap hotel in Toronto at a great rate.
Utilize websites and apps like Booking.com, Expedia, and Hotels.com to find and book deals. These platforms often feature exclusive discounts and promotional offers. Additionally, apps like HotelTonight can provide substantial savings on last-minute bookings. It’s crucial to read reviews and compare options to ensure you choose a hotel that meets your needs and expectations. Websites like TripAdvisor offer detailed reviews and ratings from other travelers, helping you make an informed decision.
By comparing prices, amenities, and guest experiences, you can identify the top cheap hotels in Toronto that offer the best value. Being flexible with your travel dates and booking well in advance are key strategies to finding affordable accommodations. Following these tips will help you secure the best deals on budget hotels in Toronto, ensuring a comfortable and economical stay.
Key Takeaways
- The blog highlights various cheap hotels in Toronto, offering a range of budget-friendly options for travelers.
- Detailed information about some of the best cheap hotels in Toronto, including The Rex Hotel, Alexandra Hotel, Hotel Victoria, and Bond Place Hotel.
- Insights into common discounts such as seasonal deals, early booking discounts, and last-minute offers, and tips on how to find and book these deals using popular travel websites and apps.
- Practical advice on the best times to book for the lowest rates, the importance of reading reviews, and using comparison tools to find the best value.
- Information on budget hotels in various Toronto neighborhoods, catering to different preferences and travel needs.
FAQs
- Where can I find deals and discounts on cheap hotels in Toronto?
Check travel websites like Booking.com, Expedia, and Hotels.com for exclusive discounts and promotional offers. - When is the best time to book cheap hotels in Toronto?
The best times are during off-peak seasons, such as winter or late fall, and mid-week days. - Are there any cheap hotels in downtown Toronto?
Yes, hotels like The Strathcona Hotel and Comfort Inn Toronto City Centre are affordable options in downtown Toronto. - How can I find last-minute deals on cheap hotels in Toronto?
Use apps like HotelTonight and check travel websites for last-minute deals and discounts. - What are the top cheap hotels near Toronto attractions?
Bond Place Hotel is near major attractions like Yonge-Dundas Square and Eaton Centre. - Is it safe to stay in cheap hotels in Toronto?
Yes, as long as you choose reputable hotels and read reviews, staying in budget hotels in Toronto is generally safe. - Are there any family-friendly cheap hotels in Toronto?
Yes, hotels like Knights Inn Toronto East and Studio 6 Toronto offer amenities suitable for families. - Do budget hotels in Toronto have parking facilities?
Some cheap hotels, like Howard Johnson by Wyndham Toronto Downtown West, offer free parking. For budget-conscious travelers, explore Toronto airport hotels with free parking to save even more during your stay. - Are there any hostels in Toronto that are budget-friendly?
Yes, The Only Backpacker’s Inn is a popular budget-friendly hostel.