If you want to visit New York but you don’t want the trip to take a huge chunk out of your budget, then have a look at our best picks of budget hotels in New York. Accommodation costs shouldn’t put you off having a great travel experience in the Big Apple. Our list includes hotels with fantastic locations for popular landmarks, museums, and attractions so you can get the most for your money. This means that you’ll have more money to spend on the numerous things to do and places to visit in New York including theme parks and even caving adventures. Choose economy rooms or shared bathrooms so you can spend more of your money exploring NYC and keep your expenses down. Read on to see our roundup of the best budget hotels in New York.
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 October 18, 2025.
1. Hotel St. James (from USD 435)
Located in the heart of the Theater District, Hotel St. James offers one of the best values for a hotel in NYC. It is only a block away from Times Square and two blocks away from the subway station, which grants guests easy access to all that New York has to offer.
The hotel rooms come with a cable TV and an en suite bathroom. There is a library and business center available for guests to use and enjoy. The hotel’s 24-hour front desk offers concierge services.
Hotel St. James
Address: 109 West 45th Street
239 meters (0.2 ft) from Times Square
2. Canal Loft Hotel (from USD 121)
Canal Loft Hotel is conveniently located in New York’s Chinatown and offers guests a convenient location to start their adventures around New York. It’s only 1.7 km (1 mi) away from the National September 11 Memorial & Museum, 3.8 km (2.3 mi) away from the Empire State Building, and 4.4 km (2.7 mi) away from Grand Central Terminal.
From four-bed dormitories to a king studio, the hotel offers a variety of rooms that each have its own set of amenities for guests to enjoy. There is also a car park available, which is free of charge.
Canal Loft Hotel
Address: 94 Canal Street, Chinatown, New York (NY), United States, 10013
4.8 km (3.0 mi) from Times Square
3. Super 8 By Wyndham Long Island City LGA Hotel (from USD 134)
Super 8 By Wyndham Long Island City LGA Hotel offers air-conditioned rooms that are all furnished with blackout curtains, a desk, a coffee maker, a refrigerator, a TV with satellite channels, and a private bathroom with a shower. The hotel also offers different kinds of rooms with their own set of amenities. There’s a family room available for guests with kids. Parking is also available.
As for nearby places to visit, this hotel is only 2.9 km (1.8 mi) away from The Metropolitan Museum of Art, 3.1 km (1.9 mi) away from Central Park, 4.5 km (2.7 mi) away from Broadway, and 4.9 km (3 mi) away from the Empire State Building.
Super 8 by Wyndham Long Island City LGA Hotel
Address: 31-62 14th Street
4.48 km (2.8 mi) from Times Square
4. Hotel 31
Surrounded by restaurants and unique shopping options, Hotel 31, although basic, is a modern budget hotel. All the rooms have wooden furniture, air conditioning, safes, flat-screen TVs, and free Wi-Fi. Guests always compliment their friendly staff and its central location, which means you’ll only have a 10-minute walk to the Empire State Building and only 5 blocks to Madison Square Garden. This makes Hotel 31 a good cheap hotel in New York to stay in.
Hotel 31 Extended Stay
Address: 120 East 31 Street
1.52 km (1.0 mi) from Times Square
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My name is Annie. I am a local Tour guide based in Philadelphia enjoying fully what the city has to offer with its deep history, street arts, murals, architecture, traditional food, black history, Farmer Markets, green space, a melting pot of neighborhoods and its great locals. I am looking for to welcome you and show you this incredible city where you will gain a better understanding of the ci... Read more
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5. Carlton Arms Hotel (from USD 137)
If you’re a lover of art, then you’ll definitely want to stay at the Carlton Arms Hotel! In addition to murals, paintings and sculptures dotted around the 100-year-old building, there’s also an on-site gallery, Artbreakhotel Gallery, where everything has been created by travelling and local artists. If you’re interested in parks, city walks, and shopping, book from a variety of rooms, either with a shared or private bathroom and make your stay in New York a positive experience.
Carlton Arms Hotel
Address: 160 East 25th Street 2nd Floor
2.0 km (1.3 mi) from Times Square
6. The Central Park North (from USD 159)
Close to various dining options and grocery stores. Some rooms feature a mini kitchen for added convenience.
Affordable rates for clean, cozy rooms in a convenient location near Central Park and subway stations.
Conveniently located near subway stations, Central Park, and restaurants. Safe neighborhood with easy access to public transportation.
Microwave, fridge, and comfortable beds in well-equipped rooms. Shared bathrooms were clean and well-maintained.
Despite being a mere block away from Central Park, The Central Park North Hotel is located in a quiet neighborhood with easy access to transport links close by. Family, standard, and economy rooms can all be booked accordingly and all have shared bathrooms with a selected few having a full kitchen equipped with a hob and oven. Guests love the stylish layout of the rooms with cool wood built-ins and high quality service offered here.
The Central Park North
Address: 137 West 111th Street
5.36 km (3.4 mi) from Times Square
7. OYO Times Square
OYO Times Square is like no other budget hotel. For its affordable price point in a busy and vibrant city like New York, this hotel offers guests excellent amenities and boasts a prime location. There is a concierge service, luggage storage, and a ticketing service taken care of by the reception. What makes this hotel quite unique from other budget hotels is the design concept of the whole property itself. It boasts an art-inspired theme that is accompanied by impressive amenities like a fitness center and an on-site restaurant, Honk Kong Station. Central Park, MOMA, and Madison Square Garden are just a few steps away from this promising hotel.
OYO Times Square
198 meters (0.2 ft) from Times Square
8. The Jane (from USD 199)
The Jane is a uniquely historic hotel situated in the Meatpacking District of Manhattan so you’ll be central to local landmarks, shopping, and eateries with bohemian chic that can be found in Greenwich Village. The rooms, all with Wi-Fi, emulate the cabins of a ship and are equipped with a flat-screen TV, DVD player, and iPod docking station. You can opt for private or shared bunks and they offer either a river or terrace view. If you don’t fancy going out, Café Gitane, located on site, serves French-Moroccan dishes for breakfast, lunch, and dinner. You can also hire a bike free of charge!
The Jane Hotel
Address: 113 Jane Street
2.99 km (1.9 mi) from Times Square
9. Riverside Tower Hotel (from USD 215)
Despite its no frills impressions, the Riverside Tower Hotel is a perfect choice for when you’re on a budget but still want to make the most of your vacation in New York. Choose a room with a view of the Hudson River, which also includes complimentary Wi-Fi, a microwave, and refrigerator. Located in a safe area, guests love it for being close to the metro and other attractions in the area including the American Museum of Natural History.
Riverside Tower Hotel
Address: 80 Riverside Drive
3.09 km (2.0 mi) from Times Square
Visit New York and stay within budget
New York might be one of the most expensive cities in the US, but our guide to affordable accommodation makes it possible to visit on a budget. It doesn’t have to come at a great expense if you know the right places to choose to stay!
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