9 Cheap Hostels in Toronto (Detailed Guide 2023)

Are you looking for budget-friendly hostels in Toronto for your stay? Here, we’ve discussed 9 cheap hostels in Toronto that are undoubtedly the cheap options to stay in the expensive city.

The largest Canadian city and the capital of Ontario, Toronto is located on Lake Ontario’s northwest shore which is one of the most popular cities among tourists.

Among the towering skyscrapers and picturesque greenery of this vibrant metropolis are thrilling destinations and Canadian attractions. 

Are you searching for inexpensive lodging in this vivacious and active Canadian city? Or hoping you had more money to spend on shopping, recreational activities, and taking in the varied views and delectable cuisine? It’s all right here, so don’t look elsewhere! 

Find cheap hostels in Toronto by going through the list of accommodations provided below and make your stay according to your own preference.

Our Top Picks

Overall Best Cheap Hostel in TorontoPlanet Traveler Hostel
Best Cheap Hostel in downtown TorontoThe Clarence Park
Best Hostel for Solo Travelers in TorontoHI Toronto
Cheapest Hostel in TorontoAll Days Hostel
High-End Cheap Hostel in TorontoSamesun Toronto

Consider These Factors While Choosing Cheap Hostels in Toronto

1. Location

The hostel’s location has a significant impact on how you see a city in general. If it is located near downtown, you will not have to worry about transportation.

You can step outside the front door and enjoy the city as far as the location is convenient. If it is located in a tranquil site, you may have to face problems with transportation.

2. Price

The cost is among the most crucial considerations when selecting a hostel because the majority of us have limited spending money. By city and nation, hostel costs vary substantially.

For instance, on average cheap hostels in Toronto can be available for between $30 – $40. The pricing is heavily influenced by the amenities and location inside the city.

3. Amenities

Toronto has some of the best and most amazing hostels in the nation, much like other cities. 

Also, they provide free wifi, a communal kitchen, and coffee/tea facilities so that you may avoid spending money on meals and drinks.

Another benefit offered by some hostels that can assist you in saving cash on meals is a free breakfast. 

4. Staff

Another important factor to take into account when choosing a cheap hostel in Toronto is the personnel.

The main goal of any hostel is to make sure that all of its visitors have a pleasant stay, which may be accomplished by selecting staff members who are experts in their duty.

The best staff are those who are attentive to visitor needs and conversant in the tourist’s native tongue.

Price Legend (USD Per Night)

  • $ = Below 40 USD
  • $$ = 40 USD – 50 USD
  • $$$ = Above 50 USD

Cheap Hostels in Toronto ( Under $ 50)

Let’s dive deep into the article –

1. Planet Traveler Hostel

Planet Traveler Hostel
Planet Traveler Hostel

The Planet Traveler Hostel in Toronto is among the best cheap hostels in Toronto and offers free WiFi, a shared lounge, and a balcony.

Safe dorms include the most comfortable memory foam mattresses you’ve ever slept on while away from home, along with private locker facilities, ensuite bathrooms constructed in hotel style, and secure entryways. 

The University of Toronto is around 1.5 km away from the property, while Queens Park is about 1.7 km away.

The building is 2.2 kilometers from the Royal Ontario Museum in the Kensington Market neighborhood.

Planet Traveler Hostel at a glance

  • Location: 357 College St, Toronto, ON M5T 1S5, Canada
  • Price: $
  • Room Types Offered: 6 Bed Dorm room, 4-bed private room, double and single bedroom. 
  • Food Information: Breakfast and Bbq grill available. 

2. The Clarence Park 

The Clarence Park
The Clarence Park

At the hostel, a desk is provided in each room and it is one of the budget-friendly hostels in Toronto.

Bedrooms at The Clarence Park have a city view and a private bathroom. An oven is available in every guest room. 

There is a restaurant on the premises that specializes in American food and provides vegetarian options. Visitors have access to a communal lounge.

The 19th-century building is 1.4 miles from the Four Seasons Centre for the Performing Arts and 10 minutes by foot from the CN Tower

The Clarence Park at a glance

  • Location: 7 Clarence Square, Toronto, ON
  • Price: $$
  • Room Types Offered: 4-8 Mixed Bed, Double Queen Room, Bunk Bed Available
  • Food Information: Shared Kitchen, Bbq Available 

3. HI Toronto

HI Toronto
HI Toronto

Situated in Downtown Toronto and only steps from local metro lines this hostel is a budget-friendly hostel in Toronto and offers ample communal and private rooms.

The majority of the weeknights offer live music at the on-site pub, The Cavern. 

Each room comes with towels, linens, and WiFi. Each guest’s room at HI- Toronto Hostel has a reading lamp and big windows.

The CN Tower, Rogers Centre, Air Canada Center, a bus stop, Union Station, and other significant sights are all accessible on foot from HI- Toronto Hostel.

HI Toronto at a glance

  • Location: 76 Church Street, Toronto, ON, Canada, M5C 2G1
  • Price: $$
  • Room Types Offered: Mixed Dorm Room Available
  • Food Information:  Restaurant On-Site, Cafe, and Bar Available

4. All Days Hostel

All Days Hostel
All Days Hostel

You can go to the CF Toronto Eaton Centre and the CN Tower within a 4-minute drive from All Days Hostel, which is located in the heart of Toronto.

Take advantage of practical features like unlimited internet access, a TV in a common room, and tour/ticket assistance. 

Within one of the 25 air-conditioned guestrooms, you may settle comfortably and feel at home. 

You can prepare your food in the communal/shared kitchen. Hair dryers and shower/tub combinations are found in bathrooms.

All Days Hostel at a glance

  • Location: 5 Selby Street, Toronto, ON, M4Y 1W3
  • Price: $
  • Room Types Offered: Classic Room, Double Room, and Standard Room available.
  • Food Information: Shared Kitchen, Bar available.

5. The Only Backpacker’s Inn 

The Only Backpacker’s Inn
The Only Backpacker’s Inn

The Only Backpacker’s Inn is among the best cheap hostels in Toronto and offers free WiFi, communal BBQs, and a cafe bar/restaurant on the premises.

The dormitories are all furnished with lockers, air conditioning, and access to a communal restroom. 

Within a 15-minute walk is the Greektown neighborhood, which is home to many restaurants and stores.

Union Station and the Toronto Bus Terminal are both 7 km apart from the hostel. It takes 9 minutes to drive to the beach area.

The Only Backpacker’s Inn at a glance

  • Location: 966 Danforth Avenue, Toronto, ON
  • Price: $$
  • Room Types Offered: 4-8 Mixed Bed, Superior Queen Room, Deluxe Double or Twin Room. 
  • Food Information: Coffee House On-Site, Bar, Shared Kitchen, and BBQ Facilities

6. College Backpackers

College Backpackers
College Backpackers

The College Backpackers is situated in the center of Kensington Market, one of Toronto’s hippest and most authentic neighborhoods.

The College Backpackers hostel offers its visitors a calm and comfortable stay within steps from dining establishments, coffee shops, boutiques, clubs, and outdoor markets. 

They provide private rooms that may hold two to four people. Also, they provide lodgings in the form of dorms, including exclusive female dorms.

They give visitors the chance to explore Toronto and other cities, such as Niagara Falls.

College Backpackers at a glance

  • Location: 280 Augusta Ave, Toronto, ON M5T 2L9, Canada
  • Price: $$
  • Room Types Offered: Dorm Room, Queen Room
  • Food Information: Breakfast and Shared Kitchen.

7. The Parkdale Hostellerie 

The Parkdale Hostellerie
The Parkdale Hostellerie

The Parkdale Hostellerie in Toronto offers lodging with a garden, personal parking, a communal lounge, and a terrace. There is evening entertainment available, as well as a communal kitchen. 

A kitchenette with a toaster, microwave, and refrigerator is included in some rooms.

The Parkdale Hostellerie is 3.1 kilometers from Exhibition Place and 3.8 kilometers from the Four Seasons Centre for the Performing Arts. 

The Parkdale Hostellerie at a glance

  • Location: 83 ELM GROVE AVENUE, Toronto, ON
  • Price: $$
  • Room Types Offered: 4-10 Mixed Bed, One Bedroom, Single Bed Available. 
  • Food Information: Shared Kitchen, Picnic Area available. 

8. Two Peas Pod Hostel

Two Peas Pod Hostel
Two Peas Pod Hostel

You will be in the center of downtown Toronto, close to important monuments and well-known sights including the Royal Ontario Museum, the Art Gallery of Ontario, the Entertainment District, and the recognizable CN Tower.

The communal areas include a cutting-edge video room, two lounges, up-to-date restrooms, and a roof patio area with amazing views of the city.

They provide both shared and individual accommodations in a variety of room styles.

Two Peas Pod Hostel at a glance

  • Location: 403 Spadina ave, Dufferin Grove, Toronto (ON), Ontario
  • Price: $$
  • Room Types Offered: Dorm Rooms, Standard Room Available. 
  • Food Information: Breakfast and Cafe Available. 

9. Samesun Toronto

 Samesun Toronto
 Samesun Toronto

Samesun Toronto is a charming inn with air-conditioned rooms, a communal lounge, and free WiFi in the heart of Toronto.

The lodging offers its visitors a communal kitchen, a front desk open round-the-clock, and luggage storage. The hostel offers accommodations with balconies.

Several of the rooms at Samesun Toronto also offer a city view and have a common bathroom with a bathtub and a hairdryer. There is bedding in every room.

Samesun Toronto at a glance

  • Location: 280 Augusta Avenue, Toronto, ON
  • Price: $$$
  • Room Types Offered: 4-8 Mixed Bed, Queen Room, Queen Room with Two beds. 
  • Food Information: Shared kitchen 

Suggested – Best Day Hikes in Canada 

Final Words – Cheap Hostels in Toronto

When visiting Toronto to experience the city’s top sights and attractions, there is a wide variety of chic and contemporary hostels to pick from.

You have a choice of different room types and budget-friendly hostels in Toronto, and many of the locations feature inviting shared rooms where you can meet people and unwind after a hard day of sightseeing and experiencing Toronto. 

There are a wide variety of cheap hostels in Toronto from which to pick, depending on your travel preferences.

We sincerely hope that the information mentioned above has been helpful to you as you can now plan the ideal and reasonably priced holiday to Toronto!

Suggested –

FAQs – Best Budget-Friendly Hostels in Toronto

1. What are the cheapest hostels in Toronto?

Planet Traveler Hostel, The Clarence Park, HI Toronto, All Days Hostel and The Only Backpacker’s Inn are the cheapest hostels in Toronto.

2. What are the popular tourist attractions in Toronto?

Some of the well-known tourist destinations in Toronto include the CN Tower, Royal Ontario Museum, Ripley’s Aquarium of Canada, Casa Loma, Art Gallery of Ontario, St. Lawrence Market, and Toronto Zoo.

3. What are the best restaurants in Toronto?

Avelo Restaurant, Canoe Restaurant and Bar, Richmond Station, Oji Seichi, and Grey Gardens are the best restaurants in Toronto.

4. How safe is Toronto for tourists?

Toronto is not considered a violent city, in contrast to other large urban areas. Staying in the safer areas in Downtown Toronto will help to prevent you from becoming a victim of a minor crime.

5. Why is Toronto a must-visit destination in Canada?

Among Toronto’s many attractions are the CN Tower, the Royal Ontario Museum, and Ripley’s Aquarium of Canada. Toronto is the largest city in Canada. Toronto is home to a few of the top clubs and shopping centers in the nation if you enjoy shopping and nightlife.

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