The 5 Best Cheap Hotels in the City of Londonairport_transferbarbathtubbusiness_facilitieschild_activitieschildcareconnecting_roomcribsfree_wifigymhot_tubinternetkitchennon_smokingpetpoolresturantski_in_outski_shuttleski_storagesmoking_areaspastar

The 5 Best Cheap Hotels in the City of London

The City of London has plenty of accommodation options for travellers on a budget
The City of London has plenty of accommodation options for travellers on a budget | © AKP Photos / Alamy Stock Photo
It’s commonly believed that the closer a hotel is to Central London, the more expensive it will be. After all, with the West End, Oxford Street and Bank within walking distance, you’d expect to fork out more. While there are plenty of luxury hotels in the area, there are also many accommodation options for those looking to save a few pennies. Get the best of both worlds with Culture Trip’s pick of the five best cheap hotels in the City of London.

CitizenM, Budget Hotel, Tower of London

Boutique Hotel, Business Hotel
citizenM Tower of London hotel
CitizenM Tower of London offers king-size beds in each room | Courtesy of citizenM Tower of London /
CitizenM has earned a reputation as one of the smartest budget hotel groups, catering to a millennial crowd looking for luxury living at competitive prices and fluid spaces that are suitable for both work and play. In the rooms at the Bankside outpost, you’ll find king-size beds and flat-screen TVs as well as power showers and superfast Wi-Fi. Downstairs, the all-in-one bar and co-working space has made a name for itself as one of the most dynamic meeting spaces in London. The decor is modern with a masculine, industrial finish, and the location – overlooking the Tower of London – is both iconic and historic.
Hotel Amenities
Free Wifi
Non smoking
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Qbic Hotel, Cheap Hotel, City of London

Budget Hotel
The decor at Qbic Hotel London City is minimalist and chic
Qbic Hotel London City calls itself the greenest hotel in London | Courtesy of Qbic Hotel London City /
As you’d expect from a Scandi brand, the decor at Qbic is clean, modern and colourful. Bringing its chic minimalism to London, Qbic prides itself on its eco-friendly credentials, so if you’re looking to reduce your carbon footprint while travelling, you can rest here guilt-free. The cube-like rooms feature bright furnishings and great lighting, making them feel bigger than they are. Fast Wi-Fi, powerful showers and comfy beds make them a haven after a busy day in the city, and whether you’re a morning person or not, the full English and strong cappuccinos available in the downstairs restaurant will get you buzzing for a new day.
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Hub by Premier Inn Tower Bridge, City of London

Chain Hotel
Hub by Premier Inn Tower Bridge
Hub by Premier Inn Tower Bridge is budget-friendly and close to attractions | Courtesy of Hub by Premier Inn Tower Bridge /
Hugging the north bank of the river, just a stone’s throw from Tower Hill, Hub by Premier Inn offers guests convenience and competitive prices in the heart of London. Standard rooms here are compact and cleverly designed to maximise space with minimal furniture – this doesn’t mean the hotel has scrimped on quality, though. The beds are Hypnos, and there are monsoon power showers and smart TVs. A control panel for the lighting and temperature give you the feeling you’re in a spaceship while the café and bar downstairs give off a much more homely, urban feel, thanks to the exposed brick, rustic wood furniture and hearty menu.
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Hotel Indigo London, City of London

Chain Hotel
Hotel Indigo London Tower Hill
Hotel Indigo London Tower Hill perfectly combines luxury with urban style | Courtesy of Hotel Indigo London Tower Hill /
Hotel Indigo sits right in the middle of the financial district, so if you have to be in the city for meetings or are looking to take advantage of Bank’s excellent transport connections, you’re in the right place. The rooms here are both luxurious and urban, with exposed brick offsetting the mahogany four-poster beds and floors and the brightly coloured bedding and soft lighting warming the space. Spacious bathrooms with powerful showers and in-room Nespresso machines will get your days off to a good start, and a wander through neighbouring Leadenhall Market (which doubled as Diagon Alley in Harry Potter and the Philosopher’s Stone) will finish them off with a bang.
Hotel Amenities
Free Wifi
Business facilities
Connecting rooms available
Non smoking
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Wombat’s City Hostel London

Wombat's City Hostel
Wombat’s City Hostel London offers spacious dorms along with private rooms | Courtesy of Wombat’s City Hostel London / Hostelworld
Wombat’s has been a hostel since Victorian times when it welcomed tired sailors who docked from long trips overseas. And thanks to the size of the bedrooms, which have since been knocked through to form cavernous dorms (there are private rooms too), its nickname is ‘Alcatraz’. Of course, it’s had a makeover since its sailor days and now features welcoming contemporary decor, as well as a spacious kitchen, games room and city-slicker bar down in the underground vaults. It also happens to be cheap, making it an all-round great choice.
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These recommendations were updated on May 5, 2019 to keep your travel plans fresh.