The Most Budget-Friendly Hotels in Toronto

There are plenty of budget places to stay in Toronto if you know where to look
There are plenty of budget places to stay in Toronto if you know where to look | © Bill Brooks / Alamy Stock Photo
Photo of Tom Smith
4 February 2021

With all the spectacular experiences Toronto has to offer, from Raptors games and dinner at Momofuku to the world’s highest hands-free walk at the top of the CN Tower, saving money on accommodation is key when visiting this cosmopolitan Canadian city. Fortunately, there are bargain beds to be found all over the city, such as these terrific hotels that all offer accommodation at surprisingly cheap rates.

Anndore House

Hotel, Spa Hotel
4.6/5 (1089 Reviews)
The Anndore House’s rooms are stylishly appointed
Courtesy of The Anndore House / Hotels.com
Yorkville’s impressive hotel creates an ambiance that is both modern and retro. Each of the 113 rooms comes equipped with a record player for you to play LPs at your leisure, along with a mini fridge that you can fill with everything you need to mix your own cocktail. A real bonus to anyone looking to experience style on a budget. Meanwhile the Mediterranean restaurant, Constantine, never ceases to impress, with vivid dishes that put extravagant twists on simple classics.
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InterContinental Toronto Centre

Boutique Hotel, Hotel
InterContinental Toronto Centre
Courtesy of InterContinental Toronto Centre / Expedia
For luxury on a budget in the center of downtown, the InterContinental is unbeatable. Not only does it benefit from a convenient location and excellent amenities, it also has a level of service that is expected from well-traveled business people on the road. Even the most simple of rooms offer views of the lake and CN Tower which, as the sun sets, is quite the delight.
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The Annex

Architectural Landmark
The Annex
Courtesy of The Annex / Expedia
The high-end neighborhood of Yorkville offers great nightlife and shopping, and the Annex is a fantastic choice if you’re looking for a modern and arty residence to explore it from. With 24 rooms over three floors, this impressively stylish hotel scales back the normal hotel experience by keeping things simple. Much of your stay is organized through their in-house app, so you can navigate your way through the busiest of trips with minimal fuss.
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Novotel Toronto Centre

Hotel
4.5/5 (1627 Reviews)
Novotel Toronto Centre
Courtesy of Novotel Toronto Centre / Expedia
St Lawrence’s four-star Novotel attracts travelers looking for a centrally based hotel without any surprises or gimmicks. It simply concentrates on delivering comfort and welcoming its guests. There is no secret to friendly staff and rooms that are as spotless as they are modern. The complimentary breakfast buffet also has all the dietary choices you could wish for. Throw in an impressive pool on the top floor and you’re all set for a great trip.
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Toronto Marriott City Centre Hotel

Boutique Hotel
4.4/5 (978 Reviews)
Toronto Marriott City Centre Hotel
Courtesy of Toronto Marriott City Centre Hotel / Expedia
Sports fans, look no further. The Marriott City Centre Hotel shares a home with Toronto’s Major League Baseball team, the Blue Jays, and some of the 348 available rooms and suites even have views of the baseball field itself. In season, you can watch games directly from the luxury of your own hot tub, and when the game is over, you’re perfectly placed to head out and enjoy the bright lights of the Entertainment District.
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The Westin Harbour Castle, Toronto

Budget Hotel, Chain Hotel
4.4/5 (2259 Reviews)
The Westin Harbour Castle, Toronto
Courtesy of The Westin Harbour Castle, Toronto / Expedia
You’ll struggle to find more impressive views across Lake Ontario than from the Westin Harbour Castle, a towering hotel built to provide sweeping vistas from the comfort of your room. The waterfront has been redeveloped to make it possible to kayak, paddleboard, cycle, jog or even ice skate at different times of the year, while going for a simple stroll along the boardwalk is just as much of a joy on a bright day. When the temperature drops outside, the indoor heated pool and jacuzzi are a godsend.
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Hotel Ocho

Boutique Hotel
4.2/5 (700 Reviews)
Hotel Ocho
Courtesy of Hotel Ocho / Expedia
Hotel Ocho, a boutique hotel on a budget near Chinatown, is set in what was once a huge textile factory. With only 12 rooms, the focus is very much on the guest – the hotel never shirks from its responsibilities. The exposed brick style is highly favored by a more youthful crowd, and in being only a minute away from The Horseshoe Tavern – a legendary live music venue – this is a hotel that knows its audience.
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One King West Hotel and Residence

Hotel
4.5/5 (5451 Reviews)
One King West Hotel and Residence
Courtesy of One King West Hotel and Residence / Expedia

In a past life, this 12-story skyscraper was home to the Dominion Bank – and this glamorous condo hotel has preserved many of the building’s original elements, such as the old teller wickets, grand Corinthian columns and opulent golden plasterwork on the ceiling. Located on the corner of King and Yonge Streets, One King West’s 370 rooms and suites flash dark, moody and luxurious furnishings that suit the surrounds of Toronto’s Financial District. Yet, ironically for a trip to the bank, a stay here is actually kind on your pocket.

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Alt Hotel Toronto Airport

Hotel
4.5/5 (1125 Reviews)
Alt Hotel Toronto Airport
Courtesy of Alt Hotel Toronto Airport / Hotels.com

Most airport hotels are just a bed to crash in before an early-morning flight. Not this one. Alt Hotel’s 153 rooms are furnished with coffee machines and Quebec-made Bella Pella bath and body products; the Altcetera food counter serves fresh meals 24 hours a day and the lobby beams with the Alt Expo photo mural, which is made up of 80,000 Instagram snaps. The bargain room rate reflects the distance from downtown, but the UP Express links the airport to Union Station in only 25 minutes.

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Pantages Hotel Downtown Toronto

Hotel
3.8/5 (976 Reviews)
The Pantages Hotel Downtown Toronto neighbors a number of theaters
Courtesy of Pantages Hotel Downtown Toronto / Hotels.com

Gazing over the Eaton Centre on the other side of Yonge Street, this postmodern limestone building was designed by acclaimed architect Moshe Safdie to blend in with the theaters it neighbors – and Pantages’s floor-to-ceiling windows make the most of the views. This 89-room boutique hotel’s many amenities include artisanal Nest toiletries in every room, the newly renovated Rainforest Relaxation Room and the first-class Stages Restaurant and Lounge, which serve hand-crafted cocktails and charcuterie platters.

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The Rex Hotel Jazz and Blues Bar

Hotel
3.9/5 (972 Reviews)
The Rex Hotel is perfect for blues fans
Courtesy of The Rex Hotel Jazz and Blues Bar / Hotels.com

Toronto’s longest-running jazz club has offered rooms upstairs for the past four decades, with vintage decor that evokes the era in which they opened. The Rex is a music venue-slash-boutique hotel on Queen Street West that dishes up delicious pub grub in its Restaurant; hosts live music seven nights a week and provides simple rooms, with the muffled sound of the blues lulling guests to sleep every evening.

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  • Bond Place Hotel Toronto

    Hotel
    3.8/5 (1798 Reviews)
    The Bond Place Hotel Toronto’s location puts you in the center of the action
    Courtesy of Bond Place Hotel Toronto / Hotels.com

    Only one block away from the fountains and free concerts in Yonge-Dundas Square, this lofty hotel’s super-central location offers incredible views of the Toronto skyline. Bright pops of teal, plenty of hardwood and modern white spa bathrooms streak through Bond Place’s 285 rooms, which include a range of premium suites created by local designers Cecconi Simone. What’s more – the price tag represents some of the best value you’ll find downtown.

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    Filmores Hotel

    Hotel
    3/5 (36 Reviews)
    Filmores Hotel
    Courtesy of Filmores Hotel / Hotels.com

    This Edwardian building dates back to the early 20th century, but your stay here will be far from stuffy. Crowned by a huge neon sign on the roof and a “what’s on” light box over the front door, Filmores features a gentlemen’s club on the ground floor and a family-run hotel upstairs. The rooms are basic, but the downtown location on Dundas Street East is enviable, as is the price.

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    The Roehampton Hotel

    Hotel
    3.8/5 (998 Reviews)
    The Roehampton Hotel is situated about four miles from Downtown
    Courtesy of The Roehampton Hotel / Hotels.com

    This gray concrete block hardly looks like The Ritz from the outside, so the luxurious interior comes as a surprise – look forward to chandeliers in the lobby, a sun-drenched outdoor pool and 109 traditionally appointed rooms. The midtown location – about 4mi (6.5km), or 15 minutes on the subway north of downtown – ensures excellent value.

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    Newton Villa

    Hotel
    4.5/5 (358 Reviews)
    Newton Villa offers some peace and quiet from the city
    Courtesy of Newton Villa / Hotels.com

    Situated in leafy Brampton – the Flower City – around 30mi (48km) northwest of Central Toronto, this bed and breakfast is a serene escape from the chaos of the city. Newton Villa offers six floral-themed rooms – Daisy, Tulip, Lilac, Jasmine and Orchid, plus the glamorous Lavender Suite – each sparkling with gold and silver touches, as well as access to a common kitchen, dining room, lounge and sun terrace.

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    Chelsea Hotel

    Hotel
    3.9/5 (5744 Reviews)
    The Chelsea Hotel is renowned for its family-friendly amenities
    Courtesy of Chelsea Hotel / Hotels.com

    The Chelsea is truly enormous – almost 1,600 rooms squeeze into this tower, two blocks north of downtown’s Eaton Centre. But quantity doesn’t compromise quality on the food front, thanks to the swish T Bar and Restaurant, the convenient Market Garden canteen, as well as a shady outdoor patio for chilling out post-meal. This hotel is particularly family-friendly, thanks to the 130ft (40m) corkscrew waterslide into the indoor pool, rabbits and fish to play with in the Family Fun Zone and games in the Club 33 Teen Lounge – while parents can escape to the Deck 27 pool and fitness center or the E-Club Lounge.

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    Frank Lopez contributed additional reporting to this article.

    These recommendations were updated on February 4, 2021 to keep your travel plans fresh.

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