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Where Are the Most Affordable Places to Stay in Budapest?

City Guide September 7, 2023


Budapest, the capital of Hungary, is a city known for its rich history, stunning architecture, and vibrant culture. Whether you're a first-time visitor or a seasoned traveler, Budapest offers a wide range of accommodations to suit every budget. In this guide, we'll explore the most affordable places to stay in Budapest, helping you make the most of your visit to this enchanting city without breaking the bank.

When you're traveling on a budget, every euro counts. That's where Nannybag comes to your aid, offering budget-friendly luggage storage and the freedom to explore Budapest without the burden of your bags.

Nannybag' is a secure luggage storage service in Budapest with a network of partner locations throughout Budapest, so you're always close to a secure and affordable place to store your belongings. Whether arriving by train, bus, or plane, you can conveniently drop off your luggage at a Nannybag partner location and embark on your Budapest adventure unencumbered.


Where to Stay in Budapest

Before we dive into the details of affordable accommodations, it's essential to understand the layout of Budapest. The city is divided into two main parts: Buda and Pest, separated by the majestic Danube River. Each side has its unique charm, from the historic sights of Matthias Church, Hungarian Parliament and St. Stephen's Basilica to the leisurely oasis of Margaret Island and the vibrant nightlife variety and food options around Gellért Hill. Your choice of where to stay will depend on your preferences and the kind of experience you seek in this captivating European destination.

Buda: Buda is the hilly, more tranquil side of Budapest, home to historic sites like Buda Castle and Matthias Church. It's an excellent choice if you prefer a quieter atmosphere and breathtaking views.

Pest: The pest side is the bustling, vibrant side of the city, where you'll find the Hungarian Parliament Building, St. Stephen's Basilica, and numerous thermal baths. If you're looking for a lively atmosphere with plenty of dining and nightlife options, Pest is the place to be.


Most Affordable Places to Stay

Now, let's delve into some of Budapest's most affordable places to stay. Whether you're a backpacker on a tight budget or a traveler looking for comfortable yet inexpensive accommodations, Budapest has options for you.

Hostels: Budapest boasts a plethora of hostels that cater to budget-conscious travelers. District VI, also known as Terézváros, is home to several budget-friendly hostels. These hostels offer dormitory-style rooms, often including free Wi-Fi, communal kitchens, and social spaces. They are an excellent choice for solo travelers and those looking to meet fellow adventurers.

Guesthouses and Apartments: If you prefer a bit more privacy, consider booking a guesthouse or apartment in Budapest. District VIII, also known as Józsefváros, offers various affordable options. These accommodations provide the comfort of a home away from home, with the added advantage of having your own space and kitchen facilities.

Budget Hotels: Budapest has a range of budget hotels that offer comfortable rooms at reasonable prices. District VII, known as Erzsébetváros, is a great place to find budget hotels. While not as luxurious as their five-star counterparts, these hotels in Budapest provide a comfortable and convenient base for exploring the city.



Hostel Life in Budapest

Budapest boasts a variety of hostels to suit different preferences and budgets. Whether you're a solo traveler looking to meet fellow explorers or a group seeking a cozy and affordable place to stay, you'll find various options.

City Center Gems: A hotel in the center can be expensive, so there are hostels. Many hostels in Budapest are strategically located in the heart of the city center, making it easy to access iconic landmarks such as Buda Castle, the Parliament Building, and the bustling streets of Pest. Staying in the city center ensures you're just a short walk or tram ride away from Budapest's most famous attractions.

Scenic Riverside Hostels: For a unique experience, consider booking a hostel on the Danube's picturesque side. These hostels often offer breathtaking views of the river and the stunning architecture of Buda. Watching the sunset over the Danube from your hostel's terrace is an unforgettable experience.

Affordable Comfort: Budapest's hostels are renowned for their affordability without compromising comfort. Many offer spacious dormitories, private rooms, and common areas where you can unwind, meet fellow travelers, and share your Budapest adventures.


Tips for Hostels

  1. Research and Book in Advance: Hostels can fill quickly, especially during peak travel seasons. Book your hostel well to secure a spot and get better rates.
  2. Read Reviews: Read reviews from fellow travelers on websites like TripAdvisor, Hostelworld, or before booking. Reviews provide insights into the hostel's cleanliness, safety, atmosphere, and overall experience.
  3. Choose the Right Room: Hostels offer various room types, from private singles to large dormitories. Consider your comfort level, budget, and desire for privacy when choosing a room. Private rooms are pricier but offer more seclusion.
  4. Lock Up Your Valuables: Many hostels provide lockers or secure storage spaces for your belongings. Bring your padlock, or some hostels may rent or sell them. It's essential to keep your valuables safe.
  5. Pack Earplugs and an Eye Mask: Hostels can be noisy, especially if you're in a dorm room. Earplugs and an eye mask can help you get a good night's sleep despite the noise and light.
  6. Respect Quiet Hours: Hostels often have designated quiet hours to ensure a peaceful night for all guests. Be mindful of these rules, especially if you're returning late.
  7. Bring a Towel and Toiletries: While some hostels provide towels and toiletries, many do not. To be safe, pack a quick-drying travel towel and your essential toiletries.


Budapest on a Budget

Traveling on a budget means taking advantage of the city's attractions and experiences. Budapest offers plenty of affordable and even free activities to keep you entertained.

Walking Tours: One of the best ways to explore Budapest is on foot. Many companies offer free walking tours of the city, allowing you to discover its history, culture, and hidden gems while staying within your budget.

Chain Bridge: Stroll across the iconic Chain Bridge, which connects Buda and Pest. It's a great way to enjoy stunning views of the Danube River and the city's skyline, and it won't cost you a penny.

Public Transport: Budapest has an efficient and affordable public transport system, including trams, buses, and the metro. Consider purchasing a Budapest Card, which provides unlimited access to public transport and discounts on various attractions.

Visit Budapest's Landmarks: While some attractions require an entrance fee, many can be admired outside for free—Marvel at the impressive Hungarian Parliament Building and the stunning St. Stephen's Basilica without spending a dime.



Exploring Buda and Pest

To make the most of your visit, explore both sides of Budapest, as each has its unique charm.

Buda Castle: Buda Castle is a must-visit attraction on the Buda side. While the castle has an entrance fee, you can wander around the Castle District and enjoy the panoramic views of Pest and the Danube River for free.

Thermal Baths: Budapest is famous for its thermal baths; visiting one is a unique experience. The Széchenyi Thermal Bath in City Park is a popular choice and offers affordable entrance fees for a day of relaxation.

Matthias Church: Located in Buda's Castle District, Matthias Church is a stunning Gothic-style church with a colorful roof. You can admire its exterior for free, but a small fee is required to enter the church.


Secure Luggage Storage Service in Budapest

While exploring Budapest, you should take advantage of secure luggage storage services. This allows you to explore the city without the burden of your bags. Many hotels offer luggage storage for their guests. Still, if you're staying in budget accommodations that don't provide this service, you can find secure luggage storage facilities at various locations across the city.

With your luggage safely stored, you can wander through Budapest's iconic landmarks, such as Buda Castle, the Parliament Building, and Fisherman's Bastion. Discover hidden gems in the Jewish Quarter, cruise on the Danube, or relax in the Széchenyi Thermal Bath—without heavy bags.

Return to your chosen Nannybag partner location to collect your luggage as your Budapest adventure ends. It's a seamless process that ensures you leave Budapest with cherished memories and souvenirs.



Luxury Hotel Options

If you're willing to splurge on accommodation, Budapest also offers a range of luxury hotels, many of which are located along the Danube River. These hotels provide top-notch amenities, exquisite dining options, and stunning city views. While they may not fall into the "affordable" category, they offer a luxurious experience for those looking to indulge.

Budapest is a city that caters to travelers of all budgets. Whether you're seeking cheap accommodation in the city's heart or prefer a tranquil stay on the Buda side, Budapest has options to suit your needs. With some planning and taking advantage of affordable activities and transportation options, you can enjoy all this enchanting city offers without emptying your wallet. So, pack your bags, secure your luggage storage service in Budapest, and get ready to explore this captivating destination.

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