11 CHEAP HOSTELS in Toronto [Bargain guide]

Toronto is the capital city of Ontario and is a major Canadian city that lies along Lake Ontario’s northwestern shores.

This dynamic metropolis is filled with exciting destinations and Canadian attractions, amidst the soaring skyscrapers and scenic green spaces.

Are you looking for affordable accommodation in this vibrant and energetic city in Canada? Or wishing you had more to spend on sports activities, shopping and enjoying the diverse sights and delicious food? Look no further – it’s all right here!

Read this guide to find all the best cheap hostels in Toronto to make your stay everything you’d like it to be!

Quick Answer: Best Cheap Hostels in Toronto

Best Overall Cheap Hostel in Toronto: Planet Traveler Hostel
Best Cheap Hostel in Downtown Toronto: The Clarence Park
Best Cheap Hostel in Toronto for a Chilled Vibe: The Only Backpacker’s Inn

#1 – Planet Traveler Hostel

Best Overall Cheap Hostel in Toronto!

Planet Traveler Hostel
Planet Traveler Hostel is our pick for the best overall cheap hostel in Toronto!
  • Voted the friendliest, greenest and most comfortable hostel!
  • Friendly staff plus fun and exciting daily events at the hostel
  • Free WiFi, breakfast, tea and coffee, as well as rice and popcorn!

This restored building has been revamped and renovated to make one of the best and most comfortable hostels you’ll find in Toronto!

Just minutes away from the best attractions in the city, you’re guaranteed a comfortable and secure dorm and an amazing rooftop lounge with panoramic views.

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Don’t book! At least, not before you’ve seen Toronto’s top hostels!

#2 – The Clarence Park

Best Cheap Hostel in downtown Toronto!

The Clarence Park
The Clarence Park is our pick for the best cheap hostel in downtown Toronto!
  • Centrally located hostel in prime downtown Toronto
  • Close to the best the city has to offer like shopping, sightseeing, and restaurants
  • Huge rooftop deck and BBQ area to relax and make friends

This popular hostel in Toronto, Canada, overlooks a beautiful restored park right in the hustle and bustle of downtown Toronto and nearby the best attractions.

You’ll love the free WiFi, weekly entertainment and the lovely rooftop deck with BBQ facilities to unwind after all your Toronto sightseeing!

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#3 – HI Toronto

HI Toronto
HI Toronto
  • Located in downtown Toronto, close to the best nightlife and shopping activities!
  • Free menu style breakfast offered daily at the hostel
  • Free city events and tours organized specifically for the hostel guests!

HI Toronto is a fun, clean and centrally located hostel in downtown Toronto that offers guests free WiFi, breakfast, events, and tours!

You’ll be close to all the best nightlife, shopping streets and transport options to make your time in Toronto as enjoyable as possible.

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Will you be in Toronto a while? Here’s your guide to the top day trips from Toronto for exploring the area!

#4 – All Days Hostel

Best Cheap Hostel in Toronto with a Variety of Options!

All Days Hostel
All Days Hostel is our pick for the best cheap hostel in Toronto with a variety of options!
  • One of the cleanest and most affordable hostels in Toronto
  • Next to the Sherbourne subway station and main shopping center
  • A large variety of accommodation options to choose from

All Days Hostel is a clean and quiet hostel located in downtown Toronto that offers guests a wide range of room types to choose from.

The building has two large common areas and a fully equipped kitchen for self-catering purposes, and the friendly staff will be happy to assist in planning your outings!

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#5 – The Only Backpacker’s Inn

Best Cheap Hostel in Toronto for a Chilled Vibe!

The Only Backpacker’s Inn
The Only Backpacker’s Inn is our pick for the best cheap hostel in Toronto for a chilled vibe!
  • A home-away-from-home relaxed feel hostel in Toronto
  • Offering a full-service espresso bar and cafe and a comfy pub!
  • Free WiFi and breakfast included for all hostel guests

The Only Backpacker’s Inn offers guests a chilled and relaxed atmosphere to come back to after a long day of exploring and sightseeing in Toronto.

They have two large private patios for chilling-out, as well as one licensed patio that stocks over 200 beers from around the world!

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#6 – College Backpackers

College Backpackers
College Backpackers
  • Offers the best value accommodation for nightly, weekly or monthly stays!
  • Located meters away from food and fun at Kensington Market
  • The area is surrounded by restaurants and pubs with public transport nearby

This backpackers Toronto hostel offers travelers and students great value for money for different stay lengths and is clean and convenient!

You’ll have easy access to nearby food and drinks, as well as great shopping areas and the relaxed Toronto campus atmosphere.

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#7 – The Parkdale Hostellerie

The Parkdale Hostellerie
The Parkdale Hostellerie
  • Boutique hostel offering spirited travelers a warm and communal space
  • A place to connect with people and with the neighborhood around you
  • Located near some of the best attractions in the city!

The Parkdale Hostellerie offers cost-effective accommodation in a hostel with friendly staff and a communal space to mingle and make friends.

They’re located near Fort York National Historic Site, RBC Echo Beach, BMO Field, and Toronto Island, amongst other interesting landmarks in Toronto!

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#8 – Two Peas Pod Hostel

Two Peas Pod Hostel
Two Peas Pod Hostel
  • An elegant hostel that straddles the line between hostel and hotel
  • Centrally located in the heart of downtown Toronto
  • Several types of rooms and accommodation options available

This Toronto hostel was reimagined from the ground up to resemble an elegant and modern hostel to cater to the needs of any traveler.

Their central location offers convenient access to major landmarks and popular attractions as well as easy transport options in the city.

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Need more specifics? Here are the best neighborhoods in Toronto to stay!

#9 – Gosling’s Landing

Gosling’s Landing
Gosling’s Landing
  • Newly renovated, family-run hostel in Toronto
  • Tucked into a quiet neighborhood in the center of the city
  • Nice big common area with comfy couches to make friends and relax

This newly renovated hostel in Toronto is located near the popular Kensington Market and Chinatown neighborhood.

Guests will find a variety of room types and easy access to all the best sights in Toronto, as well as a common area to relax and unwind after a long day out.

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#10 – Hostel Toronto

Hostel Toronto
Hostel Toronto
  • Modern and clean hostel with charming 19th-century finishes
  • Located in downtown Toronto’s historic Cabbagetown neighborhood
  • Within walking distance from College and Sherbourne subway stations

Hostel Toronto is in an area with easy access to shops and in easy reach to many great restaurants and Toronto attractions.

There’s a variety of options for each traveler to choose from and the friendly staff are locals who can give you all the best tips for your outings.

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#11 – Neill Wycik Backpackers Hotel

Best Cheap Hotel-Style Hostel in Toronto!

Neill Wycik Backpackers Hotel
Neill Wycik Backpackers Hotel is our pick for the best cheap hotel-style hostel in Toronto!
  • Only open during the summer months from May to August
  • Rooms are arranged in apartment-style units with shared kitchen and washrooms
  • Huge rooftop deck and BBQ area to relax and make friends

During the year this hostel-style building is a student residence, and then for the summer months, the doors are open to tourists looking for affordable accommodations in downtown Toronto!

In this backpackers hostel Toronto, you’ll be close to many nearby attractions and have easy access to transport in the heart of downtown Toronto!

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Toronto has many elegant and modern hostels to choose from when coming to explore the best Toronto sights and attractions.

You’re offered a variety of room types and accommodation options, while many of the places have comfy shared rooms to make some friends and sit back and relax after a long day of exploring and sightseeing in Toronto.

Depending on what you’re looking for on your Toronto trip, there are a wonderful range Toronto hostels to choose from. We hope that this guide has helped you in planning your perfect affordable Toronto getaway!

***Disclaimer*** Some of the links in this post are affiliate links. This means that if you book your accommodation through the site, One Weird Globe will earn a small commission at no extra cost to you. Your support helps me keep the site going :)

Aiden Higgins

Aiden travels for two things - food and sports! An avid football-fanatic, Aiden eats his way through Europe while catching every football he can manage! When he is not chasing matches around the continent, Aiden lives in Birmingham, UK.
Aiden Higgins

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