Europe England London London Guide Things To Do Essentials Restaurants Nightlife Where to Stay Neighborhoods Itineraries Events Getaways All London Best London Budget Hotels Visit London and save money by staying at these wallet-friendly hotels By Amber Nolan Amber Nolan Amber is a restless travel writer with more than 10 years of experience. She covers travel products for TripSavvy. TripSavvy's editorial guidelines Updated on 01/04/22 Share Pin Email Our editors independently research, test, and recommend the best products; you can learn more about our review process here. We may receive commissions on purchases made from our chosen links. Walk the streets of London and you will be met with a series of contrasts: gilded castles sit aside grungy pubs; sky-scraping architecture shades Shakespeare’s Globe; and everywhere, a stiff upper lip meets a fun-loving spirit. It’s no surprise the city captivates all who visit, with its mesmerizing combination of history, style, and global influences. While London is home to some of the world’s most sought-after hotels, there are plenty of special places to stay that don’t require a royal budget. Here, we round up the city’s best hotels for price-conscious travelers, all of which guarantee a top-notch stay in the British capital. The 7 Best London Budget Hotels of 2022 Best Overall: Locke at Broken Wharf Best Boutique: New Road Hotel Best for Romance: Twenty Nevern Square Best for Families: Novotel London Paddington Hotel Best For Luxury-on-a-Budget: The Hoxton, Shoreditch Best Hostel: Generator London Best Location: The Belgrave Best London Budget Hotels View All Best London Budget Hotels Locke at Broken Wharf New Road Hotel Twenty Nevern Square Novotel London Paddington Hotel The Hoxton, Shoreditch Generator London The Belgrave Final Verdict Compare Hotels Methodology Best Overall : Locke at Broken Wharf Locke at Broken Wharf See Rates on Tripadvisor.com Why We Chose It Effortlessly cool and contemporary, Locke at Broken Wharf combines the feel of a chic apartment with the amenities of a hotel. Pros & Cons Pros Many apartments have views of the Thames Friendly service Cons Micro Studios do not have stoves or dishwashers Description Guests feel like in-the-know locals while staying at the Locke, located across from Millennium Bridge and within walking distance of top sites like St. Paul’s Cathedral and Shakespeare’s Globe. Contemporary design is the name of the game, as common areas are outfitted with neutral color schemes, pops of pastels, plant life, and industrial touches like exposed beams. Rooms are equally understated but fully equipped with Smeg kitchen appliances, smart TVs, and rainfall showers with Kinsey Apothecary toiletries. Entry-level rooms are aptly named Micro Studios (at 200 square feet), while higher-level suites offer more space (320 square feet), panoramic views of the Thames, and even washer-dryer units. Guests can be found mingling in the first-floor coworking space, or at the all-day cafe, Shaman, which offers specialty coffee, cocktails, and a menu of healthy—but never boring—dishes. There’s also a boutique selling candles, skincare, and gifts sourced from independent designers. Notable Amenities Communal laundryGym Best Boutique : New Road Hotel New Road Hotel See Rates on Tripadvisor.com Why We Chose It This chic hotel in East London offers plenty of amenities and style—without a hint of fussiness. Pros & Cons Pros Complimentary tea and coffee Full breakfast served at Chophouse restaurant Cons Far from popular attractions Rooms do not have minibars Description The New Road Hotel is the passion project of three brothers who restored the textile factory where their father once worked and transformed it into a high-design hotel in 2011. Located in the neighborhood of Whitechapel, not far from the Tower of London, the hotel offers well-appointed rooms with earthy colors, exposed brick, 49-inch flat-screen TVs, and rainfall showers. While the entry-level pocket room is small, the thoughtful design makes the most of its space. The loft room, on the other hand, is truly luxurious, complete with its own private rooftop hot tub. Guests have several sought-after amenities at their disposal, including a yoga and fitness studio on the roof, and a swanky bar with an impressive wine selection and elevated comfort food. Mr. White’s English Chophouse, the handsome restaurant helmed by celebrated chef Marco Pierre White, serves up carnivore-friendly cuisine, with grass-fed beef as the star of the menu. Notable Amenities Pool table on the ground floorLive musicCo-working packages Best for Romance : Twenty Nevern Square Twenty Nevern Square See Rates on Tripadvisor.com Why We Chose It With an intimate atmosphere and opulent decor, this Bed & Breakfast wins extra points for romance. Pros & Cons Pros Many rooms have private terraces Cons Decor is a bit gaudy to some Description The quaint brick townhouse of Twenty Nevern Square is set on a quiet street near Earl’s Court, directly across from a lovely neighborhood park. Couples will appreciate the 20-room hotel’s small size, which makes for top-notch service and a relaxed ambiance. Guest rooms range in style from European grandeur (gilded mirrors, mahogany furnishings, jewel tones) to Middle-Eastern opulence. The Ottoman suite is adorned with turquoise-and-gold fabrics, crystal chandeliers, and colorful tilework. All rooms offer plush bedding and white marble bathrooms, though some are more tasteful than others, with private terraces, standalone tubs, and hand-carved four-poster beds. Common areas are similarly whimsical, including the sky-lit conservatory, where continental breakfast is served. Notable Amenities Complimentary newspapersFull bar in the lobby Best for Families : Novotel London Paddington Hotel Novotel London Paddington Hotel See Rates on Tripadvisor.com Why We Chose It A stone’s throw from Hyde Park and Kensington Gardens, the Novotel is a hit with families thanks to its indoor swimming pool, accessible location, and well-equipped rooms. Pros & Cons Pros Up to two children stay free with breakfast Pet-friendly Cons Inconsistent service Description Guests have much of London at their disposal while staying at Novotel, which is well-positioned in between multiple Underground lines. Families are well taken care of here, starting with the rooms, which offer 55-inch LCD-TVs, minibars, coffee makers, and plenty of space and bed configurations (such as double and sofa beds) for families. Other family-friendly amenities include 24-hour room service, an indoor pool and sauna, and a fitness center. An all-day restaurant is a convenient option when dining out is not in the cards for little ones, with crowd-pleasing dishes like fish tacos and burgers, along with a full kid’s menu. Parents will appreciate the international dishes and impressive wine and cocktail list. Notable Amenities Lobby barAccessible rooms Best For Luxury-on-a-Budget : The Hoxton, Shoreditch The Hoxton See Rates on Tripadvisor.com Why We Chose It For a taste of London’s finer things at an affordable price, look no further than the design-forward Hoxton. Pros & Cons Pros Accessible rooms available Flexible check-in/check-out Cons Rooms are generally small, starting at 160 square feet Description The Hoxton is not the cheapest option on this list, with rooms starting around $160, but it competes with some of London’s best, and far pricier, hotels. Surrounded by galleries and boutiques in the Brooklynesque neighborhood of Shoreditch, the Hoxton prides itself on its creative spirit, with rotating art exhibits, concept rooms decorated by local designers, and industrial touches throughout. Guests stay in ultra-modern yet homey accommodations, complete with parquet flooring, velvet headboards, and large windows letting in plenty of natural light. Extra touches include retro-style Roberts Radios and Blank toiletries in the monochrome bathrooms. The all-day Hoxton Grill serves excellent American fare, but the real star of the show is the Maya rooftop, boasting authentic Mexican flavors and a buzzy atmosphere. Notable Amenities The Pantry kitchen with coffee and snacks Culinary partnership with Soho House Best Hostel : Generator London Generator London See Rates on Tripadvisor.com Why We Chose It With a convenient location in Central London near King's Cross station, this trendy hostel is a favorite for its industrial-cool design and social atmosphere. Pros & Cons Pros Female-only dorms Frequent DJs and events Cons Many rooms have shared bathrooms Social atmosphere can be noisy Description With several vibrant hostels across Europe, the Generator brand regards itself as “the new generation” of hostel accommodations. The London location is no exception, boasting decor inspired by the city’s street art scene, a buzzy bar with live music, and cozy accommodations. Guests stay in shared dorms or private rooms, which are designed with the Generator’s unmistakable graphic wallpaper and bright colors. Private rooms are equipped with towels and toiletries, plus a desk and chair, which are special amenities considering the hostel’s low price. The Generator’s location makes exploration a breeze, and there is plenty to do in the surrounding area. On-site, guests can be found mingling in multiple common spaces, including a retro-style bar with a pool table and local beers, and a cafe, with communal tables and a hand-painted piano. There’s also a game room with foosball, mural-covered walls, and even a double-decker bus. Notable Amenities Takeaway breakfastGroup booking perks Best Location : The Belgrave Courtesy of The Belgrave See Rates on Tripadvisor.com Why We Chose It Tucked away on a quiet street just north of the Thames, the Belgrave is a sophisticated option for visitors looking to be in the center of the action. Pros & Cons Pros High-touch service 24-hour reception Cons No lunch or dinner served Description The Belgrave is located in a stately white townhouse typical to its location in Southwest London. The setting near the tony shopping district of Chelsea cannot be beaten, and it is within a 30-minute walk to Harrods, Buckingham Palace, and the Tate Modern. The hotel is clean and classic in design, with black-and-white photography, floral wallpaper, and jewel-toned furniture. Standout amenities include the impressive daily breakfast—including American-style pancakes for a taste of home—and a helpful concierge. Notable Amenities Views of the London Eye in higher-category roomsSmall lobby bar Final Verdict For an urban adventure across the pond, it doesn’t get much better than London, and travelers of all types will find an affordable place to stay there. Visitors should keep in mind that London is a large city, so taking the Tube will be an everyday activity when sightseeing. Still, it’s important to consider which neighborhood will make for the best home base. For couples, both the Locke at Broken Wharf and Twenty Nevern Square are excellent options. Families, on the other hand, will appreciate the conveniences of Novotel. Groups of friends, depending on their budget, will be happy at both the Hoxton and the Generator Hostel. Compare the Best London Budget Hotels Property Rates Resort Fee No. of Rooms Free Wi-Fi Locke at Broken Wharf Best Overall $ None 112 Yes New Road Hotel Best Boutique $ None 79 Yes Twenty Nevern Square Best for Romance $ None 20 Yes Novotel London Paddington Hotel Best for Families $ None 206 Yes The Hoxton, Shoreditch Best For Luxury-on-a-Budget $$ None 210 Yes Generator London Best Hostel $ None 214 Yes The Belgrave Best Location $ None 73 Yes How We Chose These Hotels We evaluated more than two dozen hotels in London before choosing the best in each category. We considered various elements when making our decisions, such as the property’s quality of rooms, service, and notable amenities (pools, concierge services, etc.). We also assessed each property’s dining options, whether there is a gym on-site, and the types of experiences available to guests. In addition to customer reviews, we noted each of the hotel’s sanitation and cleanliness measures. Was this page helpful? Thanks for letting us know! Share Pin Email Tell us why! Submit By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookies Settings Accept All Cookies