Located along the northwestern shore of Lake Ontario, the dynamic city of Toronto is home to some of the popular tourist attractions, starting from towering skyscrapers, museums, the famous CN Tower to art galleries, theatre, live music and dozens of pubs and nightclubs. This multicultural, diverse city also features a vibrant entertainment district, a strong performing arts scene, and other historic landmarks. The city also has large areas of green space, including Queens Park, High Park, the Toronto islands and the famous Toronto Zoo.
Along with visiting the popular landmarks of the city, you can explore the city’s best hotels, restaurants, shops and other attractions. For sightseeing and entertainment purposes, these are some of the best places you can stay in Toronto, that is affordable and close to the popular attractions of the city. Here is a list of the top cheap hotels in Toronto, Canada, for your reference.
We handpicked these listings carefully, considering (wherever possible) 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 April 01, 2026.
1. Comfort Hotel Airport North
Are you thinking about taking a trip to Toronto, but you haven’t made up your mind about where you’ll be staying just yet? If so, Comfort Hotel Airport North is the place to be. It is located across Woodbine Racetrack, is a 2-km (1.2-mi) drive from Woodbine Mall & Fantasy Fair, and is 28 km (17.3 mi) from a number of major area motorways in downtown Toronto.
Each room features amenities such as air conditioning, a flat-screen television, coffee-making facilities, a refrigerator, a microwave, and a bathroom stocked with toiletries and a hairdryer for your comfort and convenience. For an extra fee and upon request, this affordable hotel also offers long-term parking.
Comfort Hotel Airport North
Address: 445 Rexdale Boulevard
16.91 km (10.6 mi) from Royal Ontario Museum
2. Best Western Plus Toronto North York Hotel & Suites (from USD 131)
Inconsistent food quality, occasional internet issues for restaurant payments, air conditioning broke during heatwave.
Affordable rates with attached restaurant offering discounts.
Isolated location without nearby restaurants or stores.
Indoor swimming pool, exercise room, comfortable beds, housekeeping service.
Located in the North York district, this property is situated near Aviva Centre and features modern rooms with flat-screen TVs, refrigerators, microwaves, and coffee makers. All rooms in the hotel allow you to experience great views of the city skyline. The rooms feature flat-screen TVs with cable channels, desks, and bedrooms with en-suite bathrooms. The spacious property also features a separate living area with a pull-out sofa, a swimming pool, and terrace.
Best Western Plus Toronto North York Hotel & Suites
Address: 50 Norfinch Drive
14.64 km (9.1 mi) from Royal Ontario Museum
3. Stay Inn Hotel Toronto (from USD 169)
Varied and delicious breakfast buffet, accommodating dietary needs, and 24/7 tea and coffee availability.
Reasonable rates, good value for money, free parking, and complimentary breakfast.
Close to downtown Toronto, easy access to public transport, and proximity to shopping and airport.
Spacious and modern rooms, clean and comfortable, ample parking space, and convenient location for sightseeing.
Lying in close proximity to the Pearson International Airport, this boutique style hotel ensures a peaceful stay away from home. The hotel boasts traditional rooms with flat-screen TVs, fridges, free Wi-Fi, air-conditioning, bathtubs, and some rooms feature fireplaces for guests to sit around and relax. The hotels also have additional facilities, such as 24-hour tea and coffee service and laundry facilities.
Stay Inn Hotel Toronto This is a Proud Certified property where you can be extra sure of a welcoming stay.
Address: 560 Evans Avenue
13.53 km (8.5 mi) from Royal Ontario Museum
4. The Rex Hotel (from USD 115)
This elegant and trendy property is located just nine minutes from the Art Gallery of Ontario. The Four Seasons Centre and Osgoode Hall also lay within a radius of 10 km (6 miles) from here. The contemporary hotel exhibits a chic look with bamboo flooring. The rooms have all the necessary amenities, including flat-screen TVs, free access to the internet, air-conditioning, toiletries, and heating. Other amenities include a restaurant, lounge, and a nightclub, for entertainment.
The Rex Hotel Jazz & Blues Bar
Address: 194 Queen Street West
1.99 km (1.3 mi) from Royal Ontario Museum
5. Town Inn Suites (from USD 371)
Enjoy downtown accommodations close to the city center at Town Inn Suites and be close to the Bloor-Yonge Subway Station to easily explore Toronto’s locale. Superb interiors with modern midcentury touches are just a plus to the comfy beds and high-quality linens guests will be sleeping on. They will also have access to a full bath, wifi, breakfast at the in-house restaurant, Croissant Tree Restaurant just across the property. There’s a swimming pool, free parking access, and adequate utilities for pets, in case travelers need some for their fury friends.
Town Inn Suites Hotel
Address: 620 Church Street
992 meters (0.7 ft) from Royal Ontario Museum
6. Pantages Hotel Toronto Centre (from USD 332)
Stay in a sleek and modern hotel in Toronto and get superb amenities at the Pantages Hotel Toronto Centre. This property is 140 m (459 ft) from the Toronto Eaton Center and just 300 m (984 ft) from the Yonge-Dundas Square. Enjoy comfortable rooms with stylish decor, functional bathrooms with complimentary toiletries, and daily continental breakfast in the on-site martini lounge. Guests will also have access to wifi, a 24-hour front desk, the fitness center, and a stunning window view of Toronto’s skyline.
Pantages Hotel Toronto Centre This is a Proud Certified property where you can be extra sure of a welcoming stay.
Address: 200 Victoria Street
1.96 km (1.3 mi) from Royal Ontario Museum
7. Woodbine Hotel and Suites (from USD 104)
This rustic apartment is located just 2 km (1.2 miles) away from the Woodbine Race Track and 7 km (4.3 miles) away from the Water Kingdom Theme Park. All the rooms are well furnished with plasma TVs, free Wi-Fi access, desks, microwaves, and coffee makers. The suites and other upgraded rooms have hot tubs and sofa beds. Along with all this, the hotel also boasts a 24-hour business center, meeting rooms, a common area, and a separate smoking zone with a complimentary buffet breakfast.
Woodbine Hotel & Suites
Address: 30 Vice Regent Boulevard
16.68 km (10.4 mi) from Royal Ontario Museum
8. Royal Oak Inn (from USD 94)
Located in a quintessential residential area of Cabbagetown, this low key hotel is a great find among the many cheap places to stay in Toronto and is just 2 km (1.2 miles) from Yonge-Dundas Square. The hotel rooms portray simplicity with wooden floors and retro-modern décor. Guests can enjoy a comfortable stay in the hotel watching TV with free access to Wi-Fi. For those who wish to prepare their meals, Royal Oak Inn is one of the hotels with a Kitchen in Toronto. Alongside all this, guests can also enjoy a complimentary breakfast, served daily.
Royal Oak Inn
Address: 376 Dundas Street East
2.33 km (1.5 mi) from Royal Ontario Museum
9. Sonder The Wellesley (from USD 612)
Looking for a hotel in Toronto that’s easy on the wallet but still manages to provide comfortable rooms? If so, Sonder The Wellesley is the perfect place for you. It is situated in the heart of downtown Toronto and is only 3.2 km away from CN Tower and a five-minute drive from CF Toronto Eaton Centre. You will have access to free wifi, allowing you to remain informed of current events and maintain communication with loved ones.
You can watch your favorite shows on the flat-screen television that is provided in each room. This affordable hotel offers a courtyard where you can simply unwind and relax. In addition to that, it provides a quick and easy express check-out option.
Sonder The Wellesley
Address: 29 Wellesley Street
991 meters (0.7 ft) from Royal Ontario Museum
10. West Queen West Hotel (from USD 80)
This lakefront hotel is located in a prime location in Queens Street and is just 10 km (6 miles) away from High Park and Rogers Centre. West Queen West Hotel is one of the cheap hotels in downtown Toronto where travelers can save up on accommodations but still have access to comfort and everything they need. The famous CN Tower and Ripley’s Aquarium are also within 10 km (6miles). All the rooms are well furnished with wooden floors, three large bedrooms with queen-size beds, and en-suite bathrooms in a few rooms. Guests can have free access to Wi-Fi, free parking, and easy access to all the popular attractions of the city.
West Queen West Hotel
Address: 1521 Queen St. West
4.92 km (3.1 mi) from Royal Ontario Museum
11. Knights Inn Toronto (from USD 256)
Located in the east of Toronto, this budget-friendly hotel lies in close proximity to the University of Toronto. The hotel boasts an indoor swimming pool and hot tub with free Wi-Fi in all the rooms. The rooms feature modern décor with all the necessary amenities, including cable TV and tea and coffee making facilities. The hotel also provides 24-hour reception and a business center with photocopying and fax service. Guests can also explore other things to do at night by checking out the night scene or make the most out of the day and enjoy tours to the nearest golf course and to Scarborough, with its numerous shopping options.
Pembroke Inn
Address: 117 Pembroke Street
1.94 km (1.3 mi) from Royal Ontario Museum
12. Travelodge Toronto East (from USD 80)
Restaurant offers grab-and-go breakfast, but dinner could be improved
Great value for the money, free breakfast, and early check-in offered
Situated by the road with nearby cafes and convenience stores, close to all amenities and highway401
Clean and spacious rooms, cozy atmosphere, and convenient location near highway401
Situated conveniently along Highway 401, the Travelodge is located close to downtown Toronto, the Toronto Zoo, shopping, and other popular attractions of the city. All rooms feature cable TVs, air-conditioning, ironing facilities, fridges, and microwaves. The hotel also boasts rates that make cheap accommodations in Toronto a definite bargain. Amenities include 24-hour room service, a swimming pool, and a hot tub for guests who ish to soak after a long day of exploring the city. Guests can also enjoy a complimentary breakfast and a scrumptuous meal at their on-site restaurant.
Travelodge by Wyndham Toronto East
Address: 20 Milner Business Court
18.51 km (11.5 mi) from Royal Ontario Museum
Stay in Toronto with the best budget-friendly options
Toronto is a perfect reflection of Canada, with diverse cultures and languages found all around the city. This vibrant city is the heart of the country’s attractions, with an array of interesting things to view and explore. So, enjoy the vibrant city of Toronto on a budget and still get to stay near downtown, where you can reach all the popular places and catch up on all the happening activities. Eat out in the popular dining establishments, find out what to buy in the best boutiques and shops, and explore the stunning art galleries and museums the modern city has to offer for a memorable trip to Canada.
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