Finding budget places to stay in central London is quite an achievement. London is known for being one of the most expensive cities in Europe and in the world. There are thousands of places to stay in London but it is hard or rare to find hotels with a central location for under USD $200. I’ve put together this list of the best budget places to stay in central London to save you some time when searching where to stay in London and so you can explore the city without spending all your money in accommodation. The list includes a selection of hostels, hotels and apartments.
In this post you will find:
The most important thing for me when choosing accommodation is its location. While there are cheaper hotels in other areas, I’ve decided to include only properties located in central London. From all the properties listed you can easily get to the majority of London attractions on foot and save you as much time getting around as possible.
Important: Prices vary greatly depending on the dates of your trip. Rates almost always go up. That’s why I suggest booking your accommodation in London as soon as possible.
Best budget places to stay in central London
CHEAP HOSTELS IN LONDON:
Generator is a hostel that stands out for its modern, cool and fun vibe. Generator Hostel London is probably the coolest hostel I’ve ever stayed in. You can stay in double private rooms or shared rooms of 4, 6 and up to 10 people where you can stay for USD $30-40 per night. The hostel’s common areas include: a bar, a restaurant and a movie room. The best thing about the hostel is its central location, super close to Russel Square underground station. It’s definitely one of the best hostels I’ve stayed in London and if available, I wouldn’t hesitate to stay here again.
Cons: no kitchen
Location: close to Russell Square metro station, St Pancras train station and the British Museum.
The SoHostel is ideally located right in the middle of Soho neighborhood, close to the restaurants, shops and attractions at Oxford Street. You can stay in shared rooms (USD $30-50) or private double rooms (USD $100-130). The hostel is very modern and colorful. It has a bar, a games room and a terrace. If you’re looking for budget hostel but want to be located in the heart of London, this is the best hostel.
Cons: no kitchen.
Location: 3 minutes’ walk to the shops on Oxford Street and Oxford Circus and Tottenham Court Road underground stations.
Smart Russell Square Hostel is a budget hostel located some meters away from Russell Square Underground Station in Bloomsbury district. The hostel has private double rooms and shared rooms for 4, 6, 9 15 and up to 18 people where you can stay for USD $20-30 per night. I don’t know what the rooms will be like for 18 people but I stayed in a room for 6 and honestly we were already pretty tight. Every room (even if shared) has a private bathroom. A great thing about this hostel is that breakfast is included. The hostel also has a kitchen for guests to use.
Cons: There is no elevator and it can be hard to get to the upper floors carrying a bag.
Location: A few metres away from Russell Square station, St Pancras train station and the British Museum.
The Clink78 is centrally located, just a 10-minute walk from King’s Cross metro station and St Pancras International station. The hostel has private double rooms (USD $80-100) and shared rooms for 4, 6, 8 10 and up to 14 people where you can sleep for USD $20-30 per night. The hostel is located in a stylishly renovated Victorian 200 year old courthouse. Facilities include an onsite bar and for just USD $3, you have a full breakfast included.
Cons: The rooms are a bit tiny.
Location: Close to King’s Cross underground station and St Pancras International station (which is very convenient if you arrive to London by train).
CHEAP HOTELS IN LONDON:
St Giles London is a 3-star hotel located near Tottenham Court underground station and Oxford Street shops and restaurants. The rooms are a bit old but they are fully equipped with everything you need. Breakfast is optional. With rates from USD $140 (double base), St Giles is an ideal hotel for couples.
Cons: rooms are small
Location: some meters away from Tottenham Court underground station and Oxford Street shops.
Sidney Hotel is a bit far away from the most centric area of London (Soho, Picadilly, etc) but I’ve decided to include it on the list because this hotel is located just a 5 minute walk away from Victoria station where you can take public transportation to any area in London. With rates from USD $130 (double base), this hotel is ideal for couples and families who want to be in a quiet area of the city but still well connected. All rates include continental breakfast.
Cons: No elevator
Location: A few meters from Victoria Station.
St Athans Hotel is a small family-run hotel, located close to St. Pancras Station and the British Library. The building is located in several single-family houses of Georgian style, so it has original elements and a very warm and cozy atmosphere. With rates from USD $120 (double base), this hotel is ideal for couples and families.
Cons: the rooms look a bit old and the bathroom is shared.
Location: A few minutes away from St. Pancras and British Library.
Saint George’s Hotel is a 4-star hotel with an excellent location, just a few metres from Oxford Street and its shops and restaurants. The rooms are spacious, modern and include all amenities. In addition the rooms on the upper floors offer very nice views of the city. Rates start at USD$170 (double base).
Cons: In high season the prices tend to increase a lot.
Location: A few blocks from Oxford Circus station.
APARTMENTS IN LONDON:
If you travel for a long time or with a group of people, it may be more convenient to rent an apartment. If you are new to Airbnb, sign up using this link to get USD$18 off your first booking (minimum purchase of $52).
This apartments have capacity for two people. Apartments are fully equipped and located a few minutes away from Oxford Street. It is a very modern and comfortable partment, ideal for couples. Rates are around USD $200 per night.
Fully equipped apartments located in central London, just a few minutes away from the British Museum and Tottenham Court Station. There are apartments for 2, 3, 4 and 6 people. Rates start at USD $177 per night. Ideal location and very modern and spacious rooms.
I hope this post has helped you to find where to stay in London on a budget and save you some time. Do you recommend any place to stay in London? Please share any tips in the comments!
Need more tips for visiting London? Check out these posts:
- Best Free museums in London
- Visiting the Tower of London: is it worth it?
- Stonehenge day trip from London
- Information and tips to travel to Europe
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