10 cheap places to stay in Budapest
Budapest is one of my favourite cities for a weekend break and there are so many cheap places to stay in Budapest. It seems I’m not alone as it’s quickly becoming one of the world’s most popular cities as everyone discovers what an incredible place this is. Not only is Budapest a beautiful city with loads to see and do, a great foodie scene and fantastic summer weather, but it’s also really affordable!
In fact, Budapest is one of the cheapest cities in Europe for a weekend break so it’s great for a budget escape.
There are loads of cheap places to stay in Budapest, from 5-star luxury spa hotels, to cheap and cheerful hostel dorms. If you’re the kind of traveller who loves a bargain and a cheap weekend away, here are some of the best cheap places to stay in Budapest.
A large apartment just 10 minutes from the city centre and sleeping up to four guests, Our Place is fantastic and very cheap place to stay in Budapest! You’ll get all of the comfort and cleanliness, and far greater space, than you’d expect from a quality hotel. You’ll enjoy your very own kitchen here, as well as a washing machine which means you can throw out some extra clothes and pack light for once! You’ll find a big shopping mall just 5 minutes’ walk away, while the vibrant Raday Street with its bars and shops is around 15 minutes away on foot.
Nightly rate for entire apartment: £17
Hostels are a fantastic option if you’re hunting for cheap places to stay in Budapest, and one of the best for value in the city is Treehouse Hostel. The hostel can be found in the heart of the city and is known for its eco-friendly philosophies, as well as its cleanliness, free Wi-Fi and close proximity to the main metro lines. The hostel offers private rooms and several dormitory options.
Cheapest private room: £16 per room per night
Cheapest dorm: £8 per per person per night
Another great cheap hostel in Budapest is Paprika Hostel 2. Located just a few minutes’ walk from Octogon and just a couple of doors down from one of the city’s most famous ruin pubs, Instant. The hostel itself is suited to those travellers who like to embrace a vibrant party atmosphere during their city breaks, even boasting a bar beneath the hostel building. The hostel dorms are recently refurbished and have some of the comfiest beds in Budapest (apparently!)
Cheapest dorm: £14 per person per night
Check prices and availability for Paprika Hostel 2
Offering a fantastic location just a short walk from the bank of the Danube and the bridge to Margaret Island, Zsofi’s House Hostel is a cheap and cosy accommodation option for those looking for a quieter hostel stay. There is a homely and boutique vibe about Zsofi’s, and guests will have a choice of a series of private rooms and dorm options, as well as some apartments, which are ideal if you’re travelling in larger groups, with kids or want more space.
Cheapest private room: £17 per room per night
Cheapest dorm: £9 per per person per night
Check prices and availability for Zsofi’s House Hostel
A very new hostel which can be found in the middle of downtown Budapest, Big Fish Hostel is a colourful and charismatic place to stay, and cheap too! Boasting a great activities and social scene, as well as free Wi-Fi, 24-hour reception and free towels, this hostel is the ideal place to stay for those looking for great value for money. In addition to a variety of dorms, Big Fish also offers a private double option.
Cheapest private room: £36 per room per night
Cheapest dorm: £10 per per person per night
Check prices and availability for Big Fish Hostel
A quirky, arty and friendly hostel for those looking for a cheap place to stay in Budapest, The Loft is all about forming a social and welcoming community under one roof. As well as this appealing philosophy, the hostel is blessed by a fantastic location very close to the Great Market Hall and Elisabeth Bridge, and offers some great facilities such as 24-hour security and the draw of a guest kitchen. Dorm rooms and an en-suite double are ready to be chosen from.
Cheapest private room: £33 per room per night
Cheapest dorm: £11 per per person per night
Check prices and availability for Loft Hostel.
Located just a few streets away from the famous ruin pub, Szimpla Kert, and offering quality, boutique-style service and presentation, Connection Guesthouse has to be one of the best value places to stay in Budapest. With its wonderfully friendly atmosphere and dedicated service, this guesthouse is a godsend for those looking for a cheap place to stay but without forfeiting the perks offered by pricier accommodation.
Cheapest private room: £26 per room per night
Check prices and availability for Connection Guesthouse
You’ll struggle to find another three-star hotel in Budapest that boasts the great value of Hotel Papillon, located on the Buda side of the Danube and parallel to the scenic bliss of Margaret Island. The hotel’s single, double or triple room options are all extremely reasonable, especially when you consider that the hotel comes with its own restaurant, swimming pool and sports equipment – you can even enjoy the luxury of a minibar and television in your great value room.
Cheapest private room: £23 per room per night
Check prices and availability for Hotel Papillon
While its location outside of the centre of Budapest may not appeal to some, Passzió Panzió has great nearby transportation links into the heart of the city, and you’ll find that you get much more for your money here on the outskirts. The hotel is authentically Hungarian, set in a green and peaceful area that will be a godsend after busy days exploring the city. You’ll also enjoy free breakfast, free Wi-Fi and the opportunity to book tours of Budapest with the hotel, and all at a very reasonable price.
Cheapest private room: £22 per room per night
Check prices and availability for Passzio Panzio
Airbnb presents another good option for those looking to cut their costs during a break in Budapest. This cosy flat, with its cute little mezzanine, is set just a short journey from the city centre, sleeping two guests and coming equipped with a kitchen – ensuring you can save even more pennies by eating at the flat occasionally during your trip. It isn’t the most luxurious but at £17 a night, who are we to complain!?
Nightly rate for entire flat: £17
Check prices and availability for Corvin Quarter Flat
Pin this for later ->
Find out more about Budapest with these tips, journals, guides and inspiration: