5 Best Budget Places to Stay in London

London is simply one of the greatest cities in Europe. The whole city is just living and breathing history, and it’s like the city is inviting the visitor to see the incredible views and visit every single landmark. But, unfortunately, finding an affordable place to stay can really be a discouraging task, especially if you are on a tight budget.

With its reputation for high prices and luxury hotels, it’s no wonder you probably assume straight away that finding a cheap place to stay in London is completely impossible. However, with a little bit of research and some insider knowledge, it’s possible to actually find comfortable and affordable accommodation in London without breaking the bank.

So, let’s explore the five best budget places to stay in the city, with each one offering some unique features and amenities that will definitely make your stay in London memorable. And, using a Hostelworld discount code to help you reduce the amount you pay at these places will ensure your wallet doesn’t get thinner.

From hostels to budget hotels, you’ll have everything covered. Whether you’re a backpacker or just a budget-conscious traveler, these recommendations will help you enjoy your stay in London without sacrificing your comfort or convenience.

1. The Dictionary Hostel

The Dictionary Hostel
Trip Advisor

If you’re looking for a fun and affordable hostel experience in the heart of London, The Dictionary Hostel is a great option. Located in the trendy Shoreditch neighborhood, this hostel offers both private and dormitory-style rooms at really reasonable rates.

The atmosphere is lively and social, and there are communal spaces for you to hang out and meet other people. After all, sharing stories and making new friendships are one of the best aspects of traveling.

The hostel offers a variety of room types to suit all kinds of needs and budgets. You will find mixed and female-only dorms, but private rooms with en-suite bathrooms are also available. You will also have many amenities, like free Wi-Fi, a fully equipped kitchen, laundry facilities, and 24-hour reception. The hostel also has an on-site bar and restaurant, where you can enjoy drinks and meals at reasonable prices.

2. YHA London St Pancras

YHA London St Pancras
Booking Dot Com

YHA London St Pancras is a great budget option if you’re looking for a clean and comfortable place to stay in London. The hostel is located just a short walk from King’s Cross and St Pancras stations.

Like the Dictionary Hostel, YHA too offers a variety of room types, including mixed and female-only dorms, but also private rooms with private bathrooms. You will also have free Wi-Fi, a fully equipped kitchen, laundry facilities, 24-hour reception, and a café/bar.

Now that you know the similarities of this place to the one discussed earlier, let’s take a look at what sets YHA apart from other budget accommodations. For starters, there’s a commitment to sustainability and community. The hostel is actually a certified Green Tourism site, with eco-friendly practices like:

·         Composting

·         Recycling

·         Using renewable energy sources

Additionally, the hostel works with local charities and social enterprises to support the community.

3. Safestay London Elephant & Castle

 Safestay London Elephant & Castle
Trip Advisor

Safestay London Elephant & Castle is a modern and stylish budget hostel in the trendy South Bank area of London. The hostel is housed in a historic building that has been beautifully renovated with a mix of private and dormitory-style rooms. Like all places on this list, Safestay also has a variety of rooms, from mixed to private, Wi-Fi, a fully equipped kitchen, laundry facilities, a bar, and 24-hour reception.

But, what sets Safestay London Elephant & Castle apart from the others on the list is its stylish design and attention to detail. The hostel has a sleek and modern décor with comfortable furnishings and a welcoming atmosphere. Also, the hostel offers a range of activities and events like walking tours and pub crawls, which provide new opportunities for you to socialize, meet new people, and explore the city.

4.  Generator Hostel London

Generator Hostel London
Trip Advisor

Generator Hostel London is a popular budget accommodation option located in the trendy King’s Cross neighborhood of London. This hostel also offers a range of room types, free Wi-Fi, a fully equipped kitchen, laundry facilities, and 24-hour reception. The Generator Hostel is known in London for its lively and social atmosphere, with all kinds of communal spaces for you to relax and socialize.

The difference between Generator and other hostels (apart from budget accommodations) is its range of fun and modern activities and events. You can enjoy all kinds of activities, from yoga classes to DJ sets to more classic walking tours and pub crawls.

5. Meininger Hotel London Hyde Park

Meininger Hotel London Hyde Park

Meininger Hotel London Hyde Park is a stylish and modern budget hotel located in the fashionable South Kensington area of London. When it comes to the types of rooms and services, you will enjoy absolutely everything that all places on this list can offer. The hotel itself is known for its sleek and contemporary design, with modern furnishings and a cozy atmosphere.

What sets Meininger Hotel London Hyde Park apart from other hotels is definitely its central location and accessibility. Believe it or not, the hotel is located just a short walk from the famous Hyde Park, as well as many museums and cultural attractions, like the following:

·         Victoria and Albert Museum

·         Apsley House

·         Polish Institute

·         Hyde Park Holocaust Memorial

·         Leighton House

 The hotel is also well-connected to public transportation, which will give you easy access to the rest of the city.


London is definitely a city with a reputation for being expensive, but there several affordable accommodation options if you don’t want to spend a small fortune while traveling. Whether you’re looking for a hostel or a hotel, there are some great options to choose from.

It doesn’t matter if you are looking for a social atmosphere, a central location, or a stylish and modern design, these five budget accommodations will offer something for every type of traveler. So, make a note of them to help you save some money without sacrificing your comfort. And, the next time you take a look at a clock, and it turns out that it isn’t Big Ben, consider it a sign that you should already have been on your way to London!

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