Most hotels and hostels are situated directly outside the downtown core. Prices for rooms generally range from $150+ for a standard hotel, $60-80 for a motel, and $20-40 for a bed in a hostel.
Hotels
Toronto has a wide variety of hotels that can suit every budget.
Hostels
Toronto has several youth hostels, including ones in the downtown area. Global Village Backpackers at Spadina and King is perhaps most famous, with its garish colour scheme. Equally well-situated is a Hostelling International located at the foot of Church Street or Canadiana Backpackers Inn located on Widmer street.
Bed & Breakfast
Another popular alternative for over nighters are bed & breakfasts, of which Toronto has hundreds, many of them in the downtown core. Prices range from $60 to several hundred dollars depending on the house and amenities offered. The Toronto Townhouse are Toronto Tourism award winners and still is one of the better ones. They have two locations - one in Cabbagetown and the other in the Annex area.
Another popular inexpensive place is Castlegate Inn Toronto Bed and Breakfast because of its proximity to the Spadina subway station and the University of Toronto.