image of the planet traveler hostel one of the best, affordable hostels in toronto

Best Affordable Hostels in Toronto

You may be travelling on the cheap but there is no reason why you can’t have a safe, clean place to stay and build friendships with other travellers. With that in mind, here are six of the best, affordable hostels in Toronto.


Discounts on things to do in Toronto? Check Groupon.

Visit the Toronto Groupon page and you’ll find savings of 50-90% on tours, boat cruises, theatre tickets, comedy clubs, activities, dinner spots and accommodations.

More ideas: Cheap, Fun Things to See & Do in Toronto


Cheap hostels located in downtown Toronto

image of the planet traveller hostels one of the best, affordable hostels in toronto
Planet Traveler Hostel
TripAdvisor Certificate of Excellence Winner

A TripAdvisor Certificate of Excellence winner, Planet Traveler has many pluses going for it.

First and foremost is its downtown location which puts you in the centre of where many of Toronto’s top attractions are located.

Another aspect that makes it one of the best, affordable hostels in Toronto is how it helps visitors get to know their fellow travellers by organizing events such as free BBQs, pasta nights, karaoke and bar crawls.

And when you drag your weary body back after a day of sightseeing you can relax knowing there are amenities such as clean showers, a bathroom in each room, electrical plug-ins in your locker and by your bed, a spacious common area with a fireplace and free popcorn to munch on.

Oh, and there’s a great breakfast that runs till 1:00 PM so you can sleep in and not worry about missing your morning fuel up.

image of Hostelling international hostel one of the best affordable hostels in toronto
Hostelling International Hostel
Rated 4 out of 5 by TripAdvisor

With a four out of five rating on TripAdvisor, the Hostelling International hostel is another great option if you’re looking for budget-friendly accommodations.

It too is located in the downtown area of the city which means you’re close to many of Toronto’s most popular sights and activities.

If you crave a hostel with a strong social aspect to it, this is one of the best.

Downstairs is a pub which serves up food and live music till the wee hours of the morning.

As for where you’ll lay your head at night, the rooms are clean and feature lockers so you can safely store your stuff.

Mornings are also unique at Hostelling International—you can enjoy a made-to-order breakfast, but get their early as it’s proven so popular that sometimes you can wait as long as 30 minutes to get your order.

image of the Canadiana Backpackers Hostel one of the best affordable hostels in Toronto
Canadiana Backpackers Hostel
Rated 4 out of 5 on TripAdvisor

Another downtown hostel option that also has a four-out-of-five rating on TripAdvisor is the Canadiana Backpackers hostel.

Complimentary coffee is available throughout the day and there’s a free pancake breakfast every morning too.

Because of its central location you’re not only close to the Toronto attractions people want to see most, but there is also a wide variety of restaurants and bars nearby as well.

To help you get to know your fellow travellers the Canadian Backpackers hostel organizes a variety of events including quiz nights, movie nights and more.

Rooms are clean and come with lockers and free wifi.

Value-priced hostels just a few subway stops from downtown Toronto

image of the only backpackers inn hostel one of the best, affordable hostels in toronto
The Only Backpackers Inn Hostel
Rated 4 out of 5 on TripAdvisor

What thrifty tourist doesn’t appreciate a free breakfast? That’s what you get when you stay at The Only Backpackers Inn.

Rated four out of five on TripAdvisor, this priced-right hostel is just six subway stops from downtown Toronto.

Rooms are clean and feature storage space for your bags and lockers for smaller items.

The hostel is owned by the people who run a funky café and bar that’s in the bottom of the building, this makes for a great hangout spot whether you’re starting your day or ending it, and don’t forget that complimentary waffle breakfast each morning.

image of the University of Toronto College Residences one of the best, affordable hostels in Toronto
University of Toronto College Residences
Rated 4 out of 5 on TripAdvisor

If visiting Toronto during the summertime, why not stay at the University of Toronto College Residences?

A student dorm during the school year months, this affordable ‘hostel’ has all the basics covered and a four out of five rating on TripAdvisor.

Accommodations are clean and safe, you’re close to the subway which means downtown city attractions are just minutes away and, as an added bonus, Toronto’s Chinatown is within a short walk.

image of the college backpackers hostels one of the best affordable hostels in toronto
College Backpackers Hostel
Rated 3 out of 5 on TripAdvisor

A third affordable hostel option to consider if you don’t mind subwaying in to the city’s downtown core is the College Backpackers hostel.

To entice you to stay they offer up an all-you-can-eat buffet breakfast.

It boasts a brand new kitchen and living room as well.

Public transit is easily accessible, and there are restaurants and funky places to shop nearby too. And it has a three out of five rating on TripAdvisor.

Want to do some more research on affordable Toronto hostels?

image of the Hostel World logo, one of the ways to find an affordable hostel in Toronto Take your search for an affordable Toronto hostel a little deeper by spending some time exploring HostelWorld.com or by checking out reviews of Toronto hostels on TripAdvisor.

Need a break from staying in a hostel?

Click on the links below:

Don’t forget to Check Groupon for Toronto Hotel Deals

image of Groupon one of the ways to save when you are planning a cheap vacation

One great way to save on Toronto hotel accommodations is to peruse Groupon, the money-saving website that features local discounts in 150 cities.

Visit the Toronto “Hotels” Groupon page and you’ll find savings of up to 50% on places to stay when visiting Hog Town.

The Groupon Toronto “Hotels” page is a smart place to start when you’re first planning your trip and even when you’re in the middle of your Toronto visit because new deals get added weekly and even daily many times.

Be thrifty and practical! This information was accurate when published, but can change without notice. We recommend you confirm all details with the provider in question before planning your excursion.

Photo Credit: TripAdvisor