Toronto cheap hotels

3 Best Cheap Hotels In Toronto, Canada

Updated: August 7, 2023

Toronto is the capital of the Ontario providence of Canada. This metropolitan city has so much to offer its tourists, from parks to zoos, sporting events to theater arts, and aquariums to markets, there is sure to be something for everyone in Toronto.

Families enjoy walking around the Ripley’s Aquarium of Canada, or even getting a bird’s eye view of the city from the CN Tower. For those that want to get some shopping in, they can head to St. Lawrence Market or the Distillery Historic District. Sports fans will like browsing the Hockey Hall of Fame or maybe even catching a game. If you are into museums, you can’t miss the Royal Ontario Museum or the Art Gallery of Ontario.

Everyone will like walking around Casa Loma, a 98 room castle that sits on the outskirts of the city. And if you just want to get away from the crowd and enjoy some nature, then you can walk or bike around High Park.

While Canada is known for its high prices, your hotel does not have to break the bank. Here we will go over three accommodations that will fit into anyone’s budget.


The Rex Toronto

The Rex Hotel Jazz & Blues Bar

The Rex Hotel Jazz & Blues Bar is located on Queen Street West and surrounded by many shops and restaurants. This unique hotel and bar in one has live music each night. The hotel is conveniently located just steps away from the Osgoode Subway Station, which can get guests to many of Toronto’s attractions. It also has many of Toronto’s attractions within a mile of the hotel, like the CN Tower, the Hockey Hall of Fame, and the Museum of Television.

The Rex Hotel offers guests free WiFi throughout the property, plus a restaurant and bar on-site that have music each night. Guests can enjoy a daily breakfast each morning or can eat at the hotel’s restaurant.

Guest rooms can accommodate between one and four adults. Rooms are reserved with private bathrooms or with shared bathrooms.  Each room includes AC and a TV.

Guests that have stayed here in the past have described their stay as exceptional. They loved the convenient location close to many of Toronto’s attractions, the delicious restaurant with vegetarian and vegan options, and the great entertainment nightly.

Hotel details

194 Queen Street West, M5V 1Z1 Toronto, Canada.

Guest rating:
4.0 out of 5

Price per night:
From $90

More info


The Strathcona Hotel

The Strathcona Hotel

The Strathcona Hotel is a modern hotel located in the Financial District of Toronto. The hotel is conveniently located next to many restaurants and shopping, and just steps away from the Theatre District. For those wanting to catch the metro, Union Station is just a six-minute walk from the hotel.

The hotel provides many amenities to their guests, like an on-site restaurant that offers lunch and dinner specials. There is also a café with a more relaxed atmosphere that serves breakfast and lunch. Parking is available onsite for an additional charge.

Guest rooms are contemporarily decorated with European-inspired wooden floors and red accents. Each room includes a TV, a sitting area, and a private bathroom. Rooms can accommodate between two and four adults.

Past guests have enjoyed their stay here. They loved the location being so close to the Union Station metro. They also liked the friendly staff, the comfortable rooms, and the easy check-in.

Hotel details

60 York Street, M5J 1S8 Toronto, Canada.

Guest rating:
4.1 out of 5

Price per night:
From $58

More info


Stay Inn Hotel

Stay Inn Hotel Toronto

Stay Inn Hotel Toronto is in Etobicoke. The closest metro or train station is within two miles of the hotel, and many other attractions are a quick 15-minute drive. Guests can easily get to Casa Loma, Sherway Gardens, or CN Tower. The hotel also offers free parking on site.

The Stay Inn Hotel is a contemporary-styled hotel that offers free WiFi throughout the property. The hotel includes laundry facilities and a 24-hour front desk to help out with any questions. There is also coffee and tea available around the clock in the lobby.

Guest rooms can accommodate between two and four adults. The hotel does offer interconnected rooms for larger groups or families. Each room includes a TV, fridge, and desk. All rooms have private bathrooms with free toiletries.

Guests who have stayed here in the past have described their stay as exceptional. They enjoyed the clean and comfortable rooms, the easy check-in with friendly staff, and the pleasant atmosphere of the hotel.

Hotel details

560 Evans Avenue, Etobicoke, M8W2W1 Toronto, Canada.

Guest rating:
4.2 out of 5

Price per night:
From $75

More info


About our budget hotel recommendations in Toronto

We are a travel research company. Our team helps you discover the best cheap hotels in Toronto by researching the internet for you. We have also visited some of these places. Hence, it’s not just our opinion, it’s the opinion of thousands of travelers who have been there before you. We make it easy for you to find out about the best budget hotels in the city.

Please note, we only list hotels that have an aggregated guest review rating of at least 4.0 out of 5. We aggregate all reviews from different booking sites and other unbiased review websites. Any hotel listed here should have a price of $100 or less per night. Hence, you can be certain all hotels listed above offer you a great and affordable stay in Toronto.


Lowest price guarantee

We partner with and Both booking websites offer the lowest price guarantee, so you can be certain you will always get the best deal for the hotels above. If you have seen a better price elsewhere, all you need to do is contact the booking website, and they will refund you the difference immediately. You can price match right up until the day before check-in.

We also recommend you read our guide about how to save money on hotel bookings. It’s a list of tips about when you should book a hotel, what tools you can use, and other things you can do to find your preferred hotel at an affordable price.


Top 3 budget hotels in Toronto

Let’s summarize this affordable travel guide. Based on thousands of guest reviews, these are the best budget hotels in Toronto:


More Toronto recommendations

Get to know the city even better by reading our other articles about Toronto:

Best hotels in Toronto

Best hostels in Toronto

Where to stay in Toronto

Best boutique hotels in Toronto

Best luxury hotels in Toronto

Sustainable hotels in Toronto