12 Best Budget Hotels In New York - Updated 2024

budget hotels in new york
| 5 min read

If you want to visit New York but you don’t want the trip to take a huge chunk out of your budget, then have a look at our best picks of budget hotels in New York. Accommodation costs shouldn’t put you off having a great travel experience in the Big Apple. Our list includes hotels with fantastic locations for popular landmarks, museums, and attractions so you can get the most for your money. This means that you’ll have more money to spend on the numerous things to do and places to visit in New York including theme parks and even caving adventures. Choose economy rooms or shared bathrooms so you can spend more of your money exploring NYC and keep your expenses down. Read on to see our roundup of the best budget hotels in New York.

We handpicked these listings carefully, considering (wherever possible) Superhost status, recent guest reviews, location, accommodation type, prices, availability of dates, decor, and amenities. The image galleries get refreshed with the latest updates regularly. They were last updated on May 14, 2024.

1. Hotel St. James (from USD 207)

Located in the heart of the Theater District, Hotel St. James offers one of the best values for a hotel in NYC. It is only a block away from Times Square and two blocks away from the subway station, which grants guests easy access to all that New York has to offer.

The hotel rooms come with a cable TV and an en suite bathroom. There is a library and business center available for guests to use and enjoy. The hotel’s 24-hour front desk offers concierge services.

Stayed at this property?

Hotel St. James

7.9 User Rating Wifi Available

Address: 109 West 45th Street
239 meters (0.2 ft) from Times Square

24-HOUR FRONT DESK Non-smoking rooms Facilities for disabled guests Family rooms Internet services Lift Safety deposit box Heating

2. Canal Loft Hotel (from USD 199)

Canal Loft Hotel is conveniently located in New York’s Chinatown and offers guests a convenient location to start their adventures around New York. It’s only 1.7 km (1 mi) away from the National September 11 Memorial & Museum, 3.8 km (2.3 mi) away from the Empire State Building, and 4.4 km (2.7 mi) away from Grand Central Terminal.

From four-bed dormitories to a king studio, the hotel offers a variety of rooms that each have its own set of amenities for guests to enjoy. There is also a car park available, which is free of charge.

Stayed at this property?

Canal Loft Hotel

7.4 User Rating Wheelchair accessible

Address: 94 Canal Street, Chinatown, New York (NY), United States, 10013
4.8 km (3.0 mi) from Times Square

3. Super 8 By Wyndham Long Island City LGA Hotel (from USD 146)

Super 8 By Wyndham Long Island City LGA Hotel offers air-conditioned rooms that are all furnished with blackout curtains, a desk, a coffee maker, a refrigerator, a TV with satellite channels, and a private bathroom with a shower. The hotel also offers different kinds of rooms with their own set of amenities. There’s a family room available for guests with kids. Parking is also available.

As for nearby places to visit, this hotel is only 2.9 km (1.8 mi) away from The Metropolitan Museum of Art, 3.1 km (1.9 mi) away from Central Park, 4.5 km (2.7 mi) away from Broadway, and 4.9 km (3 mi) away from the Empire State Building.

Stayed at this property?

Super 8 By Wyndham Long Island City Lga Hotel

6.1 User Rating Wheelchair accessible

Address: 31-62 14th Street, LaGuardia Airport, New York (NY), United States, 11106
4.51 km (2.9 mi) from Times Square

Parking Room service 24-HOUR FRONT DESK Non-smoking rooms Laundry Dry cleaning Facilities for disabled guests Family rooms

4. Hotel 31

Surrounded by restaurants and unique shopping options, Hotel 31, although basic, is a modern budget hotel. All the rooms have wooden furniture, air conditioning, safes, flat-screen TVs, and free Wi-Fi. Guests always compliment their friendly staff and its central location, which means you’ll only have a 10-minute walk to the Empire State Building and only 5 blocks to Madison Square Garden. This makes Hotel 31 a good cheap hotel in New York to stay in.

Stayed at this property?

Hotel 31 Extended Stay

7.9 User Rating Wifi Available

Address: 120 East 31 Street
1.52 km (1.0 mi) from Times Square

24-HOUR FRONT DESK Non-smoking rooms Family rooms Ironing service Internet services Lift Express check-in/check-out Safety deposit box

New York Tour Guide

Annie Leguennec

Annie Leguennec

My name is Annie. I am a local Tour guide based in Philadelphia enjoying fully what the city has to offer with its deep history, street arts, murals, architecture, traditional food, black history, Farmer Markets, green space, a melting pot of neighborhoods and its great locals. I am looking for to welcome you and show you this incredible city where you will gain a better understanding of the ci... Read more

Tours by Annie

5. Carlton Arms Hotel (from USD 200)

If you’re a lover of art, then you’ll definitely want to stay at the Carlton Arms Hotel! In addition to murals, paintings and sculptures dotted around the 100-year-old building, there’s also an on-site gallery, Artbreakhotel Gallery, where everything has been created by travelling and local artists. If you’re interested in parks, city walks, and shopping, book from a variety of rooms, either with a shared or private bathroom and make your stay in New York a positive experience.

Stayed at this property?

Carlton Arms Hotel

7.4 User Rating Wifi Available

Address: 160 East 25th Street 2nd Floor
2.0 km (1.3 mi) from Times Square

Non-smoking rooms Internet services Heating WiFi Available Free WiFi Non-smoking throughout Air conditioning Concierge service

6. The Central Park North (from USD 186)

Despite being a mere block away from Central Park, The Central Park North Hotel is located in a quiet neighborhood with easy access to transport links close by. Family, standard, and economy rooms can all be booked accordingly and all have shared bathrooms with a selected few having a full kitchen equipped with a hob and oven. Guests love the stylish layout of the rooms with cool wood built-ins and high quality service offered here.

Stayed at this property?

The Central Park North

Wifi Available

Address: 137 West 111th Street
5.36 km (3.4 mi) from Times Square

Non-smoking rooms Family rooms Internet services Express check-in/check-out Safety deposit box Heating Fax/photocopying WiFi Available

7. OYO Times Square

OYO Times Square is like no other budget hotel. For its affordable price point in a busy and vibrant city like New York, this hotel offers guests excellent amenities and boasts a prime location. There is a concierge service, luggage storage, and a ticketing service taken care of by the reception. What makes this hotel quite unique from other budget hotels is the design concept of the whole property itself. It boasts an art-inspired theme that is accompanied by impressive amenities like a fitness center and an on-site restaurant, Honk Kong Station. Central Park, MOMA, and Madison Square Garden are just a few steps away from this promising hotel.

Stayed at this property?

8. The Jane (from USD 231)

The Jane is a uniquely historic hotel situated in the Meatpacking District of Manhattan so you’ll be central to local landmarks, shopping, and eateries with bohemian chic that can be found in Greenwich Village. The rooms, all with Wi-Fi, emulate the cabins of a ship and are equipped with a flat-screen TV, DVD player, and iPod docking station. You can opt for private or shared bunks and they offer either a river or terrace view. If you don’t fancy going out, Café Gitane, located on site, serves French-Moroccan dishes for breakfast, lunch, and dinner. You can also hire a bike free of charge!

Stayed at this property?

The Jane Hotel

7.3 User Rating Wifi Available

Address: 113 Jane Street
2.99 km (1.9 mi) from Times Square

24-HOUR FRONT DESK Non-smoking rooms Internet services Lift Safety deposit box Heating Fax/photocopying Luggage storage

9. Broadway Hotel & Hostel (from USD 49)

The combination of a great location and value for money makes the boutique Broadway Hotel & Hostel a fantastic choice for somewhere to stay on your vacation in New York. Offering a variety of on-site amenities and facilities both in private and dorm-style rooms, it even has a theatre room with a plasma-screen TV. It’s situated in Manhattan’s Upper West Side, within walking distance of Central Park and is easy to explore the city from here, especially if you’re interested in museums, theatre, and shopping.

Stayed at this property?

Broadway Hotel & Hostel

Address: 230 West 101 Street
4.64 km (2.9 mi) from Times Square

10. Royal Park Hotel & Hostel (from USD 96)

If you’re after a modern accommodation with a great location and within your budget, then book a room at the Royal Park Hotel & Hostel. Offering comfortable and clean rooms with either shared bathrooms or private bathrooms, you’ll get free Wi-Fi and find the staff here very friendly. Not far from Central Park, there’s plenty locally to enrich your vacation with museums, shops, and eateries all close by.

Stayed at this property?

Royal Park Hotel

Address: 258 W 97th Street
4.34 km (2.7 mi) from Times Square

11. Riverside Tower Hotel (from USD 75)

Despite its no frills impressions, the Riverside Tower Hotel is a perfect choice for when you’re on a budget but still want to make the most of your vacation in New York. Choose a room with a view of the Hudson River, which also includes complimentary Wi-Fi, a microwave, and refrigerator. Located in a safe area, guests love it for being close to the metro and other attractions in the area including the American Museum of Natural History.

Stayed at this property?

Riverside Tower Hotel

Address: 80 Riverside Drive
3.09 km (2.0 mi) from Times Square

Heating Tour desk Non-smoking rooms Fax/photocopying Non-smoking throughout Laundry Safety deposit box WiFi Available

12. Seafarers International House (from USD 127)

Whether you’re travelling alone or in a group of friends, Seafarers International House is an excellent choice for getting more for your money. Ideally located in the Union Square area of Manhattan, you’ll have many of the iconic landmarks nearby including some great restaurants and shopping options. From the comfort of your room, you’ll get a great city view and for when you need to chill out, TVs are installed in all rooms.

Stayed at this property?

Visit New York and stay within budget

New York might be one of the most expensive cities in the US, but our guide to affordable accommodation makes it possible to visit on a budget. It doesn’t have to come at a great expense if you know the right places to choose to stay!

Any must-sees we missed? Tell us about them in the comments section or write a post here to help out fellow travelers!
Disclosure: Trip101 selects the listings in our articles independently. Some of the listings in this article contain affiliate links.


Get Trip101 in your inbox

Unsubscribe in one click. See our Privacy Policy for more information on how we use your data

 Want to contribute as a Local Expert?
Explore New York
Looking for accommodation?
Good things are meant to be shared!
Back to top
Visited any of these places? Click this button to activate our "Add a Tip" feature to share your experience.