
Are you planning a trip to Toronto but don’t want to spend a fortune on accommodation? You’re in luck! Toronto, Canada’s vibrant and multicultural metropolis, offers plenty of budget-friendly hotels that don’t skimp on comfort, convenience, or style. Whether you’re exploring the iconic CN Tower, taking a stroll through Kensington Market, or catching a game at Scotiabank Arena, these wallet-friendly hotels will leave you with more cash to spend on your adventures.
Check out these top budget hotels in Toronto, all available on Expedia for easy booking!
1. The Rex Hotel – Budget Meets Jazz and Vibes

Located in the heart of downtown Toronto, The Rex Hotel is a dream for music lovers and budget travelers alike. This boutique-style hotel doubles as a jazz bar, so you can enjoy live music almost every night while staying in cozy and affordable rooms. With its central location on Queen Street West, you’ll have easy access to top attractions like the Art Gallery of Ontario and Eaton Centre.
Why You’ll Love It:
- Free live jazz performances!
- Walking distance to major Toronto attractions.
- Great value for its prime location.
- Click on the link below for hotel booking.
2. Chelsea Hotel, Toronto – Comfort and Convenience for Less

Situated in the heart of downtown Toronto, the Chelsea Hotel offers a blend of affordability and comfort. Guests can enjoy amenities like free Wi-Fi and two indoor pools, making it a favorite among travelers seeking value without compromising on quality. Its central location means you’re just a short stroll away from attractions like the Art Gallery of Ontario and the bustling Yonge-Dundas Square.
Why You’ll Love It:
- Free Wi-Fi to keep you connected.
- Two indoor pools for relaxation and fun.
- Proximity to major attractions and public transit.
- Click on the link below for hotel booking.
3. Hotel Victoria – Historic Charm on a Budget

Right on Yonge Street, Hotel Victoria is a charming boutique hotel that’s been around for over a century! Despite its historic appeal, it offers modern comforts at reasonable prices. You’ll be steps away from the Financial District, St. Lawrence Market, and the Hockey Hall of Fame.
Why You’ll Love It:
- Central location near Toronto’s top attractions.
- Stylish, modern rooms with a vintage touch.
- Excellent value for downtown Toronto.
- Click on the link below for hotel booking.
4. Super 8 by Wyndham Downtown Toronto – Budget-Friendly Comfort
Super 8 by Wyndham is a great option for travelers looking for affordability without sacrificing comfort. Located near Chinatown, this hotel offers spacious rooms, free breakfast, and even a fitness center.
Why You’ll Love It:
- Complimentary breakfast to start your day right.
- Close to Chinatown and Queen Street West.
- Reliable and affordable accommodation.
- Click on the link below for hotel booking.
5. Pembroke Inn – Cozy & Budget-Friendly

For travelers looking for a charming yet affordable stay, Pembroke Inn is a hidden gem. This quaint hotel is located in the Garden District and offers comfortable rooms with a welcoming atmosphere. It’s close to Ryerson University and Allan Gardens, making it a great spot for travelers who prefer a quieter stay.
Why You’ll Love It:
- Cozy and intimate ambiance.
- Free continental breakfast.
- Close to public transit and downtown attractions.
- Click on the link below for hotel booking.
Finding an affordable place to stay in Toronto doesn’t mean you have to compromise on quality or location. These budget-friendly hotels offer excellent value, comfort, and convenience—so you can explore Toronto without breaking the bank!
Ready to book your stay? Click on the Expedia links shared as above to secure the best deals on these budget hotels and make your Toronto trip unforgettable!