8 Cheapest Hostels in Toronto

The Palmerston is a hip, boutique hotel with 12 themed rooms. Positioned right beside public transit, including the 24-hour Queen streetcar, renting bikes nearby, walking everywhere in downtown Toronto couldn't be easier. Coming back at any time throughout the day is never a problem with public transit nearby, or hail an Uber or regular cab. Plus, with a focus on affordability, it's perfect for anyone looking to explore Toronto without breaking the bank.

Looking for a clean and budget-friendly hostel in Toronto? Check out All Days Hostel! Located in the heart of the city, this hostel offers quiet and comfortable accommodation for travelers on a budget. With a variety of ensuited, private or dorm rooms to choose from, All Days has something for everyone. You'll enjoy access to two large common kitchens, a self-service laundry facility, and free Wi-Fi.

All rooms include linens, air conditioning, and towels, and private rooms also offer in-room TVs and storage space. With affordable rates and plenty of amenities, All Days Hostel is the perfect choice for budget-conscious travelers.

Zen Hostel is an affordable accommodation choice, located in the heart of Greek Town on Broadview and Danforth. The subway station is close by and you can explore nearby attractions like the Royal Ontario Museum and The Distillery District. Universities such as the University of Toronto and Ryerson University are easily accessible too.

The Billy Bishop Toronto City Airport is just a hop skip and jump away. The hostel is equipped with a common living room with 4 bunk beds, a full bathroom, locked storage, and a kitchen making it perfect for the budget-minded traveler.

Toronto's got it all: business, finance, entertainment, culture, and a diverse community of immigrants from all over the world! Samesun Toronto adds to this vibrant scene, conveniently situated in Kensington Market - a funky, eclectic neighborhood packed with character.

Catering to like-minded travelers, the hostel provides a common area where exchange of travel stories is a norm. This affordable, centrally-located hostel also boasts air-conditioned rooms and free WiFi. Plus, you'll have easy access to Toronto's top destinations like university of Toronto, Queens Park and Royal Ontario Museum.

The Parkdale Hostellerie offers an affordable communal living space, perfect for travelers looking for a cozy home away from home. With friendly staff and a common kitchen, guests can prepare simple meals and connect with others. High-speed WiFi is available throughout the spacious apartments, which come in various types to cater to all needs.

Located near top city attractions like Fort York National Historic Site and Toronto Island, there's always something to do. And don't forget about the evening entertainment, shared kitchen, and ping pong at the hostel! With private parking and a terrace, it's the perfect spot to explore Toronto.

The Only Backpacker's Inn is located just a stone's throw away from Donlands Subway Station, in the bustling Danforth area. Guests can enjoy complimentary Wi-Fi, as well as access to shared BBQ facilities and an in-house café and restaurant. The air-conditioned dormitories have lockers and shared bathroom facilities, with towels and linens provided.

The buffet breakfast offers an array of tasty treats each morning, with an impressive selection of local craft beers available in the bar. There's no need to worry about spending a lot, as this hostel offers affordability without compromising on comfort. The greeneries of Beaches are just a 9-minute drive away.

Planet Traveler Hostel in Toronto is the perfect blend of comfort and affordability, equipped with everything a traveler needs. The hostel has a wealth of amenities to offer guests, including free WiFi and breakfast until 1p.m. The staff at Planet Traveler understands that guests are what make a hostel stay memorable, so they host exciting daily events and ensure the amenities meet the needs of the most discerning travelers.

The hostel even has an eco-friendly focus, using geothermal heating, photovoltaic electrical production, and wastewater heat reclamation. With its great location and stunning rooftop lounge, this hostel is too good to miss.

The Clarence Park, in Toronto's Entertainment district, has been welcoming guests for over a decade now. You can easily explore the best of the city as the hostel is only a stone's throw away from important landmarks like CN Tower, Roger's Stadium, and Roy Thompson Concert Hall. Plus, enjoy free Wi-Fi, rooftop deck, shared lounge, and an in-house restaurant with vegan options. The Clarence Park offers affordable accommodation with complimentary coffee, tea, and self-serve laundry. A great option for travelers who enjoy mingling with other guests.