Hostel Innsbruck Studentenheim is located northeast of the old town, close the Inn River. It was apparently built for the Winter Olympic Games in the seventies, and it unfortunately seems like it hasn't been renovated much since then.
The hostel is located somewhere around twenty to thirty minutes from the main train station, if you go on foot. However, there is a bus station right in front of the building and since there are no attractions around the hostel, taking a bus is the best option. There's a restaurant and a gas station close by, though, so in case you want something to eat or drink you can get it there.
Rooms and Bathrooms
Although the building is large, the dorms are very small. Keys are used instead of keycards, which might bother some visitors, especially if you are entering the room at night and trying to be as quiet as possible. There are bunks, and a small table and lockers in them, but they are uncomfortable and old. All in all, the dorms are very basic and quite noisy. Bathrooms are shared and can be found in the hall. They are decent enough, but you have to bring towels and soap with you.
There are a couple of common spaces, where some of the guests occasionally socialize, but since the atmosphere is quiet and dull, a lot of the visitors prefer staying in the rooms. Perhaps the best common place in the building is the dining room, where breakfast is served every morning.
Unfortunately, the hostel options in Innsbruck are very slim, so staying there is better than nothing. However, the hostel has a lot of issues. Besides the mentioned unsatisfying rooms, some of the staff can be quite unfriendly. At the check-in, you also have to pay extra for sheets and leave your ID card as a deposit for the keys. There is a Wi-Fi connection in the building, but you have to pay to receive a username and password, which only work for twenty-four hours. If you can't get any other option in Innsbruck, go with this hostel -- just don't expect much. It has no character and what you get in the end seems quite overpriced when compared to other hostel options in Austria.