The Most Affordable Accommodations In Toronto

Toronto is a bustling city with a rich cultural heritage, attracting millions of tourists annually. According to the Toronto Tourism Board, in 2019 alone, there were over 44 million visitors to the city, making it one of the most visited cities in North America.

As exciting as this may seem, finding affordable accommodations in Toronto can be quite challenging due to its high cost of living. Fortunately, several options are available for budget-conscious travelers seeking affordable accommodations.

From Bed and Breakfasts to Couchsurfing, visitors can find an array of choices that cater to their needs and preferences. In this article, we will explore some of the most budget-friendly accommodations in Toronto that offer comfort without breaking the bank.

Whether you’re traveling solo or with family and friends, here are some affordable accommodation options that will make your stay in Toronto memorable and enjoyable.

Key Takeaways

– Toronto offers a range of affordable accommodation options, including bed and breakfasts, hostels, Airbnb rentals, budget hotels, and guesthouses.
– Vacation rentals, such as Airbnb rentals, offer more space, privacy, and flexibility than hotels, and are suitable for families or groups of friends.
– Researching and comparing prices and reviews can help find the best deals on accommodations, and negotiating with hosts or booking directly with hotels can result in further discounts.
– Other affordable accommodation options in Toronto include university residences, budget-friendly hotels in the outskirts of the city, and camping in local parks. Couchsurfing and house sitting alternatives are also becoming popular options for budget-conscious travelers.

Bed and Breakfasts

Bed and Breakfasts, as a category of accommodations in Toronto, offer budget-friendly options for travelers seeking a cozy and personalized experience. These types of lodgings are often run by local families or individuals who open their homes to guests. Due to the personal touch, Bed and Breakfasts can provide recommendations on local attractions and give insider tips on the best places to eat or shop.

One of the main draws of staying at a Bed and Breakfast is the breakfast itself. Unlike hotels that usually provide a buffet-style meal, Bed and Breakfasts offer homemade meals cooked by the hosts themselves. Guests can expect to wake up to fresh fruits, pastries, eggs made-to-order, pancakes with maple syrup, bacon, among other breakfast options based on each individual B&B.

Another benefit of staying at a Bed and Breakfast is that they often include additional amenities such as free Wi-Fi access or complimentary coffee/tea throughout the day. Although some may not have all the amenities found in larger hotels (such as swimming pools), Bed and Breakfasts make up for it with their charm and uniqueness.

Overall, if you’re looking for an affordable way to stay in Toronto while also experiencing personalized service from local hosts – then booking a Bed & Breakfast should definitely be considered.

Moving onto our next category of budget-friendly accommodations – hostels!


Hostels are a popular choice for budget-conscious travelers in Toronto, providing shared accommodation and communal spaces for socializing. Staying in hostels offers many benefits, including affordable rates, the opportunity to meet fellow travelers from around the world, and access to amenities such as kitchens, laundry facilities, and free Wi-Fi. Additionally, many hostels offer organized activities and tours that can help guests experience the city without breaking the bank.

When choosing a hostel in Toronto, it is important to consider your specific needs and preferences. Some factors to consider include location (is it close to public transportation or major attractions?), room type (do you prefer a private room or don’t mind sharing with others?), and amenities (what facilities are available on-site?). It can also be helpful to read reviews from previous guests before making a decision.

Overall, staying in a hostel can be an excellent option for budget-conscious travelers who want to save money without sacrificing comfort or convenience. By choosing the right hostel for your needs and taking advantage of all that they have to offer, you can make the most of your trip to Toronto while staying within your budget.

Moving onto Airbnb accommodations provides another affordable option for those looking to explore Toronto without spending too much money on lodging expenses.


One alternative option for budget-conscious travelers visiting Toronto is to consider Airbnb rentals as a means of lodging. Airbnb provides an innovative way to rent out spare rooms or entire apartments/houses to travelers who are looking for affordable accommodations. This service has gained popularity in recent years, and it offers a unique experience that is different from traditional hotels or hostels.

To maximize your Airbnb experience, there are several tips that can help you find the best deals on listings. Firstly, be sure to search for listings well in advance of your trip. This will give you plenty of time to compare prices and amenities, and also allow you to communicate with hosts before booking. Additionally, read reviews thoroughly before making a decision; these can provide valuable insights into the quality of the listing and the reliability of the host. Lastly, don’t be afraid to negotiate with hosts – many are willing to offer discounts if you ask politely.

Overall, Airbnb can be an excellent choice for budget-conscious travelers who want an affordable yet unique way to explore Toronto. By following these tips and taking advantage of this innovative service, visitors can enjoy comfortable accommodations while still saving money for other travel expenses.

Moving forward into our discussion about budget hotels in Toronto, it’s important to note that there are many options available at various price points throughout the city.

Budget Hotels

Numerous options abound for frugal travelers seeking lodgings in Toronto that fit their budget. One of the most affordable accommodation options is budget hotels. These hotels provide basic amenities and comfort at a fraction of the cost of luxury hotels.

Tips for finding deals on budget hotels in Toronto include booking ahead of time, checking online travel websites, and considering staying outside the city center.

Staying in a budget hotel has several benefits over other accommodation options. Firstly, they are much cheaper than luxury hotels and can save you a significant amount of money during your stay. Secondly, they often have convenient locations near public transportation or popular tourist attractions, making it easier to explore the city without spending too much on transportation costs. Lastly, many budget hotels offer free breakfast or other complimentary services, which can further help cut down your expenses.

Next up are guesthouses, which are another affordable option for travelers looking for cheap accommodations in Toronto. These establishments typically offer shared spaces such as kitchens and living rooms where guests can interact with each other and exchange travel tips. Guesthouses also tend to have more character than traditional hotels and offer a more personalized experience to guests.


Guesthouses offer a unique and personalized experience for budget-conscious travelers seeking affordable lodging options in Toronto. These accommodations are typically smaller in size than traditional hotels, but they provide guests with the opportunity to stay in a cozy and home-like environment. In addition, guesthouses tend to be family-owned or operated, which adds an element of local charm to the overall experience.

When it comes to guesthouses in Toronto, there are several hidden gems that offer exceptional value for the price. For example, The Only Backpacker’s Inn is located in the vibrant neighborhood of Kensington Market and offers dormitory-style rooms as well as private rooms at reasonable rates. Another recommendation is The Guest House on Markham Street which boasts a central location near popular attractions such as Casa Loma and the Royal Ontario Museum.

Overall, choosing a guesthouse can be an excellent way to save money while still enjoying an authentic travel experience. By seeking out local recommendations and hidden gems like those mentioned above, travelers can find unique accommodations that fit their budget without sacrificing comfort or convenience. Next up: Vacation rentals offer another alternative for budget-conscious travelers looking for affordable lodging options in Toronto.

Vacation Rentals

Vacation rentals provide an alternative option for travelers seeking personalized and unique experiences in Toronto, while also offering the opportunity to stay in a home-like environment. Unlike traditional hotels that offer generic amenities and services, vacation rentals come with their own set of advantages.

For instance, they offer more space, privacy, and flexibility than hotels do. Vacation rentals are suitable for families or groups of friends traveling together who want to spend quality time together without being confined to individual hotel rooms.

One of the benefits of vacation rentals over traditional hotels is that they are often cheaper, especially when traveling with a group. Vacation rental properties typically come with a fully equipped kitchen allowing guests to cook their meals rather than eating out every night. This feature can be very budget-conscious as it eliminates the need for expensive dining options in restaurants.

Moreover, staying at a vacation rental in Toronto offers visitors the chance to live among locals in some of Toronto’s most vibrant neighborhoods. When considering where to stay for your Toronto trip, you may want to consider some of the top neighborhoods for vacation rentals such as Kensington Market or The Annex.

These areas have plenty of attractions within walking distance including restaurants and cafes serving cuisine from around the world; art galleries showcasing local artists’ work; specialty boutiques selling one-of-a-kind items; and much more. Staying at a vacation rental property in these areas allows visitors to experience authentic Toronto life while enjoying all the comfort and convenience that comes with having your place.

As we explore affordable accommodations available in Toronto further, university residences provide yet another viable option worth exploring even further!

University Residences

University residences offer affordable options for both solo travelers and groups, making them an ideal choice for budget-conscious travelers.

These accommodations typically come with basic amenities such as a bed, desk, and shared bathrooms, but are often located in convenient areas near public transportation and attractions.

Whether you’re visiting Toronto for work or leisure, university residences provide a practical option that won’t break the bank.

Affordable Options for Solo Travelers and Groups

One viable option for both solo travelers and groups seeking affordable accommodations in Toronto is to explore budget-friendly hotels located in the city’s outskirts. These hotels are often overlooked by tourists but offer a comfortable stay at a fraction of the cost of downtown hotels.

Tips for negotiating prices include booking directly with the hotel, asking for discounts based on length of stay or group size, and being flexible with travel dates. Alternatives to traditional accommodations include hostels, which provide shared dorm rooms or private rooms at a lower cost than hotels.

When considering budget-friendly options, it’s important to keep practicality in mind. Basic amenities such as free Wi-Fi and breakfast can greatly enhance the overall value of your stay. Additionally, convenient location close to public transportation can save money on transportation costs while still allowing easy access to popular tourist destinations.

By exploring these affordable options outside of downtown Toronto and taking advantage of basic amenities and convenient location, travelers can enjoy an enjoyable and budget-conscious trip without sacrificing comfort.

Basic Amenities and Convenient Location

To enhance the overall value of a stay in Toronto, it is important to consider budget-friendly accommodations that offer affordable room rates, basic amenities such as free Wi-Fi and breakfast, as well as a convenient location close to public transportation.

By opting for these options, travelers can save money on their accommodation without sacrificing comfort and convenience during their trip. Choosing an accommodation with nearby public transportation also provides easy access to popular tourist destinations, making it an ideal choice for budget-conscious travelers who want to explore the city without spending too much on transportation costs.

With this in mind, finding affordable accommodations with basic amenities and convenient location should be at the top of every traveler’s list when planning a trip to Toronto.

Ideal for Budget-Conscious Travelers

For travelers looking to save money while still enjoying a comfortable and convenient stay in Toronto, it is worth considering accommodations that offer basic amenities and a location close to public transportation. Such accommodations are often ideal for budget-conscious travelers who want to spend their money on exploring the city rather than expensive hotel rooms. In addition to affordable lodging, there are other ways for visitors to save money during their trip.

One of the best tips for saving money on food and transportation while visiting Toronto is to take advantage of the city’s extensive public transportation options. The TTC offers day passes that allow unlimited travel throughout the city, making it easy and cost-effective to explore different neighborhoods without breaking the bank. Additionally, there are plenty of free or low-cost activities to do in Toronto for budget-conscious travelers, including visiting museums like the Royal Ontario Museum or taking a stroll through High Park. By planning ahead and seeking out affordable options, travelers can enjoy all that Toronto has to offer without overspending on their trip.

Moving onto camping…


Camping in Toronto proves to be a cost-effective option for travelers seeking affordable accommodations, coinciding with the city’s abundance of natural parks and scenic locations. With an array of outdoor activities available, camping provides an excellent opportunity to explore nature at its finest.

Many parks offer hiking trails, fishing spots, and water activities such as kayaking or canoeing. Additionally, most campsites provide fire pits for cooking and roasting marshmallows.

While camping gear rentals are available within the city limits, bringing your equipment is always recommended to minimize rental costs. It is essential to pack all necessary items such as tents, sleeping bags, portable stoves or grills, coolers and food supplies. By doing so, you can save money on rental equipment fees while also ensuring that you have everything you need for a comfortable stay.

Overall, camping in Toronto offers a unique opportunity to experience nature within close proximity to the bustling city life without breaking the bank. For budget-conscious travelers who want more than just a standard hotel experience but still desire adventure and exploration opportunities- camping is an excellent choice. However, if roughing it outdoors isn’t your style or if you prefer something more urban-centric- house sitting might be a perfect alternative that we will discuss next.

House Sitting

While camping can be a great option for those looking for affordable accommodations in Toronto, it may not be suitable for everyone. Fortunately, there are other options available that offer similar benefits without the need to sleep outside. One of these options is house sitting.

House sitting alternatives have become increasingly popular in recent years as more people seek out ways to save money on travel expenses. Essentially, this involves taking care of someone’s home while they’re away in exchange for free accommodation. The benefits of house sitting are numerous: not only does it provide a low-cost place to stay, but it also gives travelers a chance to experience life like a local and immerse themselves in the culture of their destination.

There are many websites and platforms available that connect travelers with homeowners who need help with their homes while they’re traveling. Some platforms even offer additional perks such as access to bicycles or cars during your stay. However, it’s important to note that house sitting comes with responsibilities – you’ll need to take care of the homeowner’s property and sometimes even pets or plants. If you’re up for the task, though, house sitting can be an excellent way to save money while exploring all that Toronto has to offer.

As you can see, there are plenty of options when it comes to finding affordable accommodations in Toronto – including house sitting alternatives. But what if you don’t want the responsibility of taking care of someone else’s home? In that case, couchsurfing might be a better option for you – read on to find out more!


One alternative option for those seeking a unique and immersive travel experience in Toronto is couchsurfing, which allows travelers to stay with locals and gain firsthand insight into the city’s culture. Couchsurfing is particularly popular among budget-conscious travelers who want to cut down their accommodation expenses while exploring the city. However, safety concerns are often raised by those who may be apprehensive about staying with strangers.

To ensure safety while couchsurfing, it is important to conduct thorough research before settling on a host. Scrutinizing a host’s profile and reviews from previous guests can provide valuable insights into their reputation and reliability. It is also advisable to communicate clearly with hosts about expectations, boundaries, and rules ahead of time to avoid any misunderstanding during the stay.

Making the most out of your couchsurfing experience involves being open-minded and respectful towards local customs and traditions. It can be an excellent opportunity to learn more about the city’s culture, cuisine, history, art scene or music by interacting with hosts who have intimate knowledge of these areas. Engaging in meaningful conversations or participating in activities that locals enjoy can help build lasting relationships that enrich one’s travel experience while minimizing costs.

Frequently Asked Questions

What is the average cost of accommodations in Toronto?

Accommodation prices in Toronto are affected by various factors, including location, time of year, and type of accommodation. Compared to other major cities, the average cost is relatively high but budget-conscious options can be found.

Are there any accommodations in Toronto that offer free breakfast?

Several hotels in Toronto offer free breakfasts as a benefit for their guests. Popular options include the Holiday Inn Express, Comfort Inn, and Best Western. This can be a budget-conscious option for travelers looking to save money on meals during their stay.

Which areas in Toronto have the most affordable accommodations?

Affordable neighborhoods in Toronto include Scarborough, North York and Etobicoke. Types of accommodations range from hostels to budget hotels. Consider booking outside of the downtown core for better prices.

Are there any accommodations in Toronto that offer long-term stays at a discounted rate?

While many accommodations in Toronto offer extended stays at discounted rates, some stand out for their benefits. Comparing prices can lead to savings and amenities such as kitchens or laundry facilities.

Do any accommodations in Toronto offer shuttle services to and from the airport?

There are various airport shuttle options in Toronto, including public transportation and private services. Some accommodations offer their own shuttle service for guests. It’s important to compare prices and reviews to find the most budget-conscious transportation alternative.


Toronto is a bustling city that can be expensive to visit, but there are numerous affordable accommodation options available.

Bed and Breakfasts offer a personalized experience with home-cooked meals and comfortable rooms.

Hostels provide a budget-friendly option for travelers who don’t mind sharing space with others.

Airbnb allows visitors to rent out unique spaces at reasonable prices.

For those seeking more traditional accommodations, Budget Hotels and Guesthouses offer modest amenities at reasonable rates.

University Residences offer affordable dorm-style rooms during the summer months when students are away.

Camping is an excellent option for nature lovers who want to save money on lodging costs.

House Sitting provides free accommodations in exchange for caring for someone’s home while they are away.

Couchsurfing connects travelers with locals willing to host them in their homes for free.

In conclusion, Toronto has many affordable options for budget-conscious travelers looking to cut costs without sacrificing comfort or convenience.

From Bed and Breakfasts to Hostels, Airbnb rentals, Budget Hotels, Guesthouses, University Residences, Camping sites, House Sitting opportunities and Couchsurfing connections; there is something available for every traveler regardless of their budget constraints.

With so many options available, visitors can enjoy all that Toronto has to offer without breaking the bank!