The 10 Best Wallet-Friendly Hotels in Torontoairport_transferbarbathtubbusiness_facilitieschild_activitieschildcareconnecting_roomcribsfree_wifigymhot_tubinternetkitchennon_smokingpetpoolresturantski_in_outski_shuttleski_storagesmoking_areaspastar

The 10 Best Wallet-Friendly Hotels in Toronto

There are budget places to stay in Toronto if you know where to look
There are budget places to stay in Toronto if you know where to look | © Bill Brooks / Alamy Stock Photo
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.

Canada’s biggest city isn’t always gentle on a traveler’s budget, especially when it comes to finding a place to stay – a few nights in a Downtown hotel can easily take a big bite out of your travel savings. That being said, there are bargain beds to be found, such as these terrific hotels that all offer below average rates.

One King West Hotel and Residence

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One King West Hotel and Residence
One King West Hotel and Residence offers a variety of sophisticated suites | Courtesy of One King West Hotel and Residence / Hotels.com
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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 is actually kind on your pocket.
Hotel Amenities
Free Wifi
Restaurant
Bar
Gym
Pet Friendly
Non smoking
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Alt Hotel Toronto Airport

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Alt Hotel Toronto Airport
The Alt Hotel Toronto Airport has comfy rooms and an impressive list of amenities | Courtesy of Alt Hotel Toronto Airport / Hotels.com
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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.
Hotel Amenities
Free Wifi
Bar
Gym
Pet Friendly
Business facilities
Crib
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Pantages Hotel Downtown Toronto

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The Pantages Hotel Downtown Toronto neighbors a number of theaters
The Pantages Hotel Downtown Toronto neighbors a number of theaters | Courtesy of Pantages Hotel Downtown Toronto / Hotels.com
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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 serves hand-crafted cocktails and charcuterie platters.
Hotel Amenities
Free Wifi
Restaurant
Bar
Hot tub
Bathtub in
Pet Friendly
Business facilities
Non smoking
More Info

The Rex Hotel Jazz and Blues Bar

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The Rex Hotel is perfect for blues fans
The Rex Hotel is perfect for blues fans | Courtesy of The Rex Hotel Jazz and Blues Bar / Hotels.com
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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 “rextaurant,” live music seven nights a week and 12 simple rooms, with the sound of the blues lulling guests to sleep every evening.
Hotel Amenities
Free Wifi
Restaurant
Bar
Non smoking
More Info

Toronto Garden Inn Bed and Breakfast

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Toronto Garden Inn Bed and Breakfast
The Toronto Garden Inn Bed and Breakfast plays up its Victorian roots | Courtesy of Toronto Garden Inn Bed and Breakfast / Hotels.com
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This two-and-a-half story Victorian home has stood in the laid-back Cabbagetown neighborhood since the 1890s, and has found new life as a cozy bed and breakfast in the new millennium. This twee property’s historic character infuses the quaint Orchid, Begonia, Mimosa, Jasmine, Magnolia and Trillium Rooms, as well as the modern apartment suite, which features its own kitchenette and beds for four.
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Bond Place Hotel Toronto

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The Bond Place Hotel Toronto’s location puts you in the center of the action
The Bond Place Hotel Toronto’s location puts you in the center of the action | Courtesy of Bond Place Hotel Toronto / Hotels.com
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Only one block away from the fountains and free concerts in Yonge-Dundas Square, this lofty hotel’s super-central location offers panoramic views of the Toronto skyline. Bright pops of teal, plenty of hardwood and modern white spa bathrooms streak through the Bond Place’s 285 rooms, which include a range of premium suites created by local designers Cecconi Simone. What’s even better – the price tag represents some of the best value you’ll find Downtown.
Hotel Amenities
Free Wifi
Restaurant
Bar
Gym
Business facilities
Crib
Non smoking
More Info

Filmores Hotel

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Filmores Hotel
Filmores Hotel is a true Downtown bargain | Courtesy of Filmores Hotel / Hotels.com
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This Edwardian building dates back to the early 1900s, 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

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The Roehampton Hotel is situated about four miles from Downtown
The Roehampton Hotel is situated about four miles from Downtown | Courtesy of The Roehampton Hotel / Hotels.com
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This grey 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 four miles, or 15 minutes on the subway north of Downtown – ensures excellent value.
Hotel Amenities
Free Wifi
Swimming pool
Gym
Business facilities
Crib
Connecting rooms available
Non smoking
More Info

Newton Villa

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Newton Villa offers some peace and quiet from the city
Newton Villa offers some peace and quiet from the city | Courtesy of Newton Villa / Hotels.com
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Situated in leafy Brampton (the Flower City), around 30 miles 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 Suites – each sparkling with gold and silver touches, as well as access to a common kitchen, dining room, lounge and sun terrace.
Hotel Amenities
Free Wifi
Airport transfers
Kitchen
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Chelsea Hotel

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The Chelsea Hotel is renowned for its family-friendly amenities
The Chelsea Hotel is renowned for its family-friendly amenities | Courtesy of Chelsea Hotel / Hotels.com
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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, with the hotel housing the swish T Bar and Restaurant, the convenient Market Garden canteen and a shady outdoor patio for chilling out. The rooms are particularly family-friendly thanks to the 130-foot 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 centre or the E-Club Lounge.
Hotel Amenities
Free Wifi
Restaurant
Bar
Swimming pool
Gym
Hot tub
Pet Friendly
Business facilities
Child activities
More Info