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4 Cheap Hostels in Budapest

Last Updated: September 20, 2023

Want to make the most of your Budapest trip but have to watch your budget? There are so many awesome things to do in Budapest. If you want to save on accommodation and spend your money on the fun, then take a look at our guide to cheap hostels in Budapest. All of the hostels here offer either mixed, male, or female dorm rooms. These are always the cheapest option. And of course, you’ll get the chance to meet fellow travelers and pick up tips on what to see and do!

Hostels often offer other ways to save money, such as communal kitchen facilities where you can cook your own meals and some hostels also offer very cheap meal options. All the hostels listed below have wifi included and all offer a bed in a dorm room for between €5 to €8 per night and all hostels have a rating of 8/10 or higher on Hostelworld.

4 Cheap Hostels in Budapest

Here’s our comprehensive list of cheap hostels in Budapest which includes a detailed description of each hostel.

1. Baroque Hostel

cheap hostels in budapest baroque hostel budapest

Baroque Hostel is located next to the famous Hero Square and close to the city park (Vrosliget), and most of the other famous sights including the Museum of Fine Arts, the Art Hall, the Szechenyi Thermal Baths, and the Skating Rink.  They offer quality hospitality in a youthful environment at affordable rates.

Dorms from €5.00

Check Prices On Hostelworld!

2. Cooltour Hostel

cheap hostels in budapest cooltour hostel budapest

Cooltour Hostel is located in the heart of Budapest, a short walk from Deak Square and the well-known Kiraly Street. Here, you can find everything unique to Budapest from the famous ruin bars to excellent street food and much more. CoolTour Hostel prides itself on cleanliness and is committed to keeping its kitchen, common area, and dorms to an exceptional standard.

Dorms from €6.50

Check Prices On Hostelworld!

3. The Hive Party Hostel Budapest

cheap hostels in budapest the hive party hostel budapest

At The Hive Hostel, every room is air-conditioned and ensuite so you can stay cool. The lockers work with a keycard system for your security. If you get hungry you can prepare something in the fully equipped kitchen. Here the staff will arrange anything you need: pub crawls, sightseeing tours, and daytime spa baths. The building surrounds an impressive central courtyard, where you can find one of the best ruin bars in Budapest.

Dorms from €7.00

Check Prices On Hostelworld!

4. Carpe Noctem Vitae

cheap hostels in budapest carpe noctem vitae hostel budapest

Carpe Noctem Vitae offers the perfect balance between providing a wide range of amenities and facilities of a large hostel and making you feel relaxed in a sociable, fun, and family-esq atmosphere.  Vitae has many common areas for you to meet and mingle with other guests. The staff will prepare cheap family dinners for you for only the cost of the meal’s ingredients. Vitae’s 3 modern kitchens are accessible 24/7.

Dorms from €7.15

Check Prices On Hostelworld!

Final Thoughts on Cheap Hostels in Budapest  

I hope this list of cheap hostels in Budapest helps you pick a hostel that best suits your needs during your stay in Budapest. In general, the overall standard of hostels in Budapest is excellent but there are still some bad and mediocre ones. Hopefully, this list will help you avoid bad and mediocre hostels to ensure you enjoy your stay in Budapest.

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I'm Mike McGuinness, the guy behind the scenes of Hostel Vagabond. I've stayed in literally hundreds of hostels across Europe and the world. I created Hostel Vagabond so that I could share those experiences with you.