9 Best Cheap Hotels in Toronto that Don’t Sacrifice Luxury

With its dynamic arts scene, lavish boutiques and swanky nightclubs, Toronto is brimming with culture and decadence.

We’ve listed a selection of affordable hotels that bring an extra touch of luxury to your stay, so that even if you’re on a budget, you can still indulge in all this multicultural city has to offer. Head to runway fashion shows, shop for plush accessories or hit the dance floor at Rebel. From the base of a comfortable hotel, you can dip in and out of the city’s cultural hotspots as you please.

Whether you’re visiting on a couple’s retreat or a fun weekend with friends, there’s plenty to keep you entertained. Get a taste of the elite lifestyle with luxuries such as breakfast in bed, group mani-pedis and upscale dining affairs. Check out these cheap hotels in Toronto to get the best of a weekend away.

Affordable Hotels in Toronto with a Touch of Luxury


Bond Place Hotel is a modern multi-use hotel situated right in the heart of downtown Toronto at the foot of Yonge Street and Dundas Street, a focal point for tourists and locals alike. You’re just a three-minute walk from Yonge-Dundas Square, a huge outdoor event space, where you can admire the dancing fountains or catch a free concert.

The hotel is a minimalist and thoughtfully curated space – sharp lines and well-placed furnishings display an effortless efficiency. Each room has plush beds and a calming colour scheme with pops of teal or urban grey decals. Start the morning in style by ordering a package with breakfast in bed. If you’re a sharing a night with a sweetheart, you can get a room with complimentary wine and chocolates (and maybe a free upgrade).

During the day, get to know the city and culture on foot by booking one of the free Heritage Toronto tours from the hotel. Later on, share tips with fellow weekend travellers in the hotel’s mid-century modern social lounge.

Bond Place Hotel

7.3(874 reviews)

Pampering and Relaxation at a Cheap Hotel in Toronto


The generously-sized City rooms at Pantages offer views over downtown through floor-to-ceiling windows. Indulge in a rainfall-head shower with luxurious Nest toiletries. As you slip into a fluffy bathrobe and slippers, you’ll feel like you’re being pampered in style.

Away with friends? Share a charcuterie platter with a glass of Freixenet Cava at the hotel’s Stages Restaurant & Lounge, complete with contemporary couches and armchairs adorning the lounge area. There’s even a library room if you’re looking for peace and quiet. If you’re celebrating a special occasion with your partner, spoil yourselves with servings of chocolate-covered strawberries and a bottle of wine.

For a taste of where the locals go to relax, catch a ferry to the Toronto Islands. Walk the nature trails, visit the lighthouse or play volleyball on the beach. Ferries leave from the Jack Layton Ferry Terminal at the foot of Bay Street and Queens Quay.

Pantages Hotel Toronto Centre

Top rated
8.7 Excellent (2286 reviews)

Boutique Hotel on a Budget Downtown


As you step into The Saint James, you’ll immediately feel the hotel’s distinct boutique feel. Large black and white prints of vintage Toronto photos evoke the city’s storied heritage. The stylish, minimalist lobby, adorned with deep brown armchairs and sleek white and silver furniture, lends a touch of sophistication.

Staying here means you’re right in the middle of the action, whether you’re in the city for shopping, the restaurant scene or taking in a show. Get your day started by brewing a cup of coffee in your room. Then head downstairs to the Freshii café, housed within the hotel, and grab a nutritious wrap, frozen yogurt or smoothie to get you fully fuelled and energized for your day.

Be sure to check out the nearby St. Lawrence Market on Front Street East for freshly-cooked meals and sweet deals on local wines and cheeses.

The Saint James Hotel, Ascend Hotel Collection

Top rated
9.0 Excellent (746 reviews)

Affordable Luxury Suites Close to Toronto’s Waterfront


Located at the corner of King and Yonge streets, One King West Hotel & Residence’s elegant studios and suites cater for both a weekend getaway with friends and a romantic city break. The private limo service will whisk you from the airport to the hotel in style. The hotel’s modern, sophisticated decor matches its service, with dark furnishings lit up by bright walls and plenty of natural light.

If you’re in the mood for a beverage or light snack, Teller’s Bar, located in the lobby, will fit the bill. Formerly a bank, the brightly-lit establishment incorporates elements of the original design into its current layout, including two of the old teller wickets. Try the kale caesar salad or select one of their artisanal pizzas.

Work out in style in the 17th-floor fitness centre, which offers an impressive view of Lake Ontario. If you prefer a slow-paced venture, you can travel along the PATH, Toronto’s underground downtown walkway, directly accessible from the hotel.

A short 20-minute stroll from the hotel is the Harbourfront Centre, a 10-acre arts and culture site. There’s often free programming at the outside venues and galleries to explore inside.

One King West Hotel and Residence

Top rated
9.0 Excellent (14458 reviews)

Spa-Style Affordable Luxury in Toronto


Restore your body and mind at the Executive Hotel Cosmopolitan’s SpaZen. Indulge in a couple’s massage with your partner that includes complimentary bubbly, or spruce yourself up by getting a pedicure with friends. Personalized wellness and skincare treatments will have you feeling invigorated.

Back in your room, marvel at the CN Tower from your private balcony or rediscover your inner calm by stretching out on one of the provided yoga mats. Follow up with a rainfall-head shower that will leave you feeling fully refreshed. When bedtime beckons, curl up in Egyptian cotton linens before drifting off into a peaceful sleep.

On-site breakfast and dining are available at the Wildfire Steakhouse & Wine Bar. Its warm and inviting decor, with high ceilings, soft lighting and brick walls, along with its succulent menu, make it ideal for both an intimate romantic dinner or hearty breakfast with friends.

Book a Toronto CityPASS if you want to experience nearby attractions, including the CN Tower and Ripley’s Aquarium, for a minimal rate.

Executive Hotel Cosmopolitan Toronto

8.1 Very good (4158 reviews)

Understated Elegance in Downtown Toronto


Stationed in Toronto’s popular Chinatown, The Beverley Hotel offers a peaceful refuge amid the bustling atmosphere, ideal for a relaxing city break. Its rooftop terrace bar, Carlotta Bar, has couches overlooking the city and streets below. This lush patio is an ideal spot for pre-dinner appies or post-sightseeing nibbles. Sit back and sip on a cocktail, or order a dish from the authentic Mexican menu.

Inside the hotel, you’ll find a blend of minimalist style and modern technology. Use the Volo! Tablet in your room to check out the sites you’ll be visiting. The standard rooms are cozy and well appointed with everything you need for a weekend city break – mini fridge, flat-screen TV, modern shower, comfortable beds and elegant decor. Upgrade to an XL room for a seating area and desk.

Located on Queen Street West and an eight-minute walk to the Art Gallery of Ontario, the hotel is well placed for sightseeing and shopping. When it’s time to refuel, grab a tasty lunch at local favourite Banh Mi Boys for Asian-inspired subs and steamed buns.

Sonder The Beverley

7.8 Good (1188 reviews)

A Tranquil Retreat North of Downtown Toronto


After a full day of exploring the city, you can retreat to The Westin Prince and breathe in the fresh air rolling in from over 15 acres of parkland. Get up-close with the greenery by taking a stroll, or if you’re feeling more energetic, ask the concierge for a specially-designed running route map to get your 5k or 10k fix. Forgot your workout gear? No problem – the hotel will lend you New Balance gear (including brand new socks to keep).

If you’re looking for some tranquillity, lounge by the outdoor heated pool or soak your muscles in the hot tub. There’s also a golf course adjacent to the hotel if you want to practice your swing.

Treat your taste buds to tantalizing flavours by dining at one of the Asian-inspired on-site restaurants. The Katsura Japanese restaurant offers Teppanyaki tables, private traditional Japanese-style Tatami rooms and a sushi bar. At the Gilaneh Persian restaurant, you can savour a superb Mahicheh (tender lamb shanks with beans and rice) alongside the Gilaneh Special martini.

Pan Pacific Toronto

8.0 Very good (2968 reviews)

Budget-Friendly with Extra Amenities in Toronto


Start your day at the Novotel Toronto North York with a refreshing dip in the indoor heated saltwater pool, followed by a soothing sauna to get you feeling in top form. Back in your room, take a moment to enjoy a restorative coffee. Gaze out at the city through your floor-to-ceiling windows to get inspired for a full day of downtown adventure.

This cheap hotel in Toronto is just a two-minute walk to the North York Centre subway station, which will get you downtown in just under 30 minutes. If you prefer an activity close by, walk one block south from the hotel and catch a show at the Toronto Centre for the Arts. This magnificent venue features four stages and hosts a wide range of theatre performances and musical acts that highlight the city’s cultural diversity.

When you’re ready for dinner, a meal at the hotel’s Trio restaurant is an experience in itself, with its contemporary ambiance projected by sleek black tables, modern white chairs and funky globe lights. Try the truffle fries as an appetizer or homemade churro for dessert. Finish the evening with a drink at the chic Trio Bar.

Novotel Toronto North York

8.0 Very good (2754 reviews)

Chic and Stylish Affordable Luxury at Toronto Airport


Whether you plan on a lively adventure or a relaxing escape, the Alt Hotel caters for couples and groups of friends alike. One- or two-bedroom suites are furnished in a modern, simple style with thoughtful touches such as coffee machines and Bella Pella bath and body products, handmade in Quebec. At the end of a long day, relax with a good book in the Italian-designed armchair. When it’s time for bed, sink into a blissful sleep on Egyptian cotton bedding under a goose down comforter.

There’s plenty to explore in Toronto by day. If you want to hit the streets, the hotel can book you tickets aboard the UP Express, which will whisk you to downtown in just 25 minutes. Be sure to ask about the hotel’s “Local Guide” program for suggestions on activities.

After a day of sightseeing, you can burn off any extra energy by working out in the well-equipped gym, or practice your downward dogs and stretch your muscles doing yoga. Mats and videos are available from reception on demand. Prefer a low-key evening? The hotel also has board games available on request if you want a little old-school entertainment.

If you’re hankering for a midnight snack, the Altcetera food counter is open 24 hours a day. Select from an assortment of tasty, ready-to-eat dishes all prepared by a local caterer using fresh ingredients.

Alt Hotel Toronto Airport

Top rated
9.1 Excellent (2938 reviews)