/ Budget Hotels in Prague, Czechia / By
Prague cityscape with Charles Bridge and Old Town at sunset, showcasing budget hotels and affordable stays in the Czech Republic’s capital.

Prague, the enchanting capital of the Czech Republic, is often described as a fairytale city. With its medieval architecture, cobblestone streets, Gothic churches, and lively Old Town, it’s no wonder Prague attracts millions of visitors every year. While the city is famous for its rich history and breathtaking views of the Vltava River, travelers are often pleasantly surprised at how affordable it can be compared to other European capitals.

If you’re planning a trip to Prague and looking for budget-friendly accommodation, this guide will help you discover the best affordable stays in the “City of a Hundred Spires.”

Why Choose Prague for Budget Travel?

Prague is not only beautiful but also one of the most cost-effective destinations in Europe. The city offers excellent public transportation, cheap but delicious food, and plenty of free or low-cost attractions. For travelers on a budget, Prague provides:

  • Affordable hotels and hostels within walking distance of major attractions.

  • Public trams and metro that make getting around quick and cheap.

  • Street food and local pubs serving hearty Czech meals and world-famous beer at low prices.

  • Free landmarks such as Charles Bridge, Old Town Square, and Prague Castle grounds.

This combination makes Prague the perfect city for travelers who want to experience European charm without spending a fortune.

Best Areas to Stay in Prague on a Budget

When choosing where to stay, location matters. Here are some budget-friendly areas:

  1. Old Town (Staré Město):
    If you want to be in the center of the action, Old Town is the best choice. Hotels here may be slightly pricier than in other districts, but you’ll save money on transport since most attractions are within walking distance.

  2. Lesser Town (Malá Strana):
    Located just below Prague Castle, this area is quieter yet still close to major landmarks. It’s ideal for those who want charm and calm without leaving the city center.

  3. Žižkov:
    Known for its vibrant nightlife and affordable accommodation, Žižkov is popular with backpackers and young travelers.

  4. Vinohrady:
    A trendy district filled with cafés, restaurants, and affordable hotels. It’s a great area for those who want a local experience while staying just outside the busy tourist center.

Top Budget Hotels in Prague

Here are some excellent budget-friendly options that combine comfort, good locations, and value for money:

1. Hotel Merkur

Located just a 10-minute walk from Old Town Square, Hotel Merkur offers modern rooms with breakfast included. Its central location makes it perfect for sightseeing on foot.

👉 Check availability and prices on Trip.com

2. ibis Praha Old Town

Part of the reliable Ibis chain, this hotel provides clean, modern rooms at affordable rates. It’s steps away from shopping streets, restaurants, and metro stations.

👉 View ibis Praha Old Town deals here

3. Hostel One Home

A favorite among backpackers, Hostel One Home is known for its welcoming atmosphere, organized social activities, and free family dinners. Perfect for solo travelers looking to make friends.

👉 Book Hostel One Home on Trip.com

4. Hotel Golden Crown

This mid-range hotel offers stylish rooms at budget-friendly prices. It’s just a short walk from Wenceslas Square, making it great for first-time visitors.

👉 See Hotel Golden Crown offers here

5. Sir Toby’s Hostel

A unique hostel located in the Holesovice neighborhood, Sir Toby’s offers affordable private rooms and dorms with a cozy pub downstairs. Great for those seeking both comfort and fun.

👉 Find Sir Toby’s Hostel deals

Things to Do in Prague on a Budget

Even if you’re staying in budget hotels, you won’t miss out on Prague’s best attractions. Many of the city’s highlights are either free or very affordable:

  • Charles Bridge (Karlův most): One of the most famous bridges in Europe, lined with statues and street performers. Free to visit any time of day.

  • Old Town Square & Astronomical Clock: Watch the hourly show of the 15th-century Astronomical Clock, one of the city’s most iconic landmarks.

  • Prague Castle Grounds: Entrance to the castle grounds is free, and you can enjoy spectacular views of the city. Tickets are only needed for certain exhibitions.

  • Letná Park: A perfect place for a budget-friendly picnic with panoramic city views.

  • Petrin Hill & Tower: Climb or take the funicular to Petrin Hill for beautiful gardens and sweeping views of Prague.

Money-Saving Tips for Travelers

  1. Buy a transport pass – A 3-day metro/tram pass is much cheaper than individual tickets.

  2. Eat like a local – Skip tourist restaurants in Old Town and head to local pubs where hearty meals and Czech beer are cheap.

  3. Visit free museums and churches – Many cultural attractions have free entry days.

  4. Book in advance – Budget hotels in Prague get booked quickly, especially in summer and December. Reserve early for the best deals.

  5. Walk everywhere – Prague’s charm is best experienced on foot, and you’ll save on transport costs.

Final Thoughts

Prague is one of Europe’s most magical cities, and the best part is that you don’t have to spend a fortune to enjoy it. Whether you choose a budget hostel in Žižkov or a cozy hotel near Old Town, you’ll find affordable accommodation that fits your style. With its rich history, vibrant culture, and low costs, Prague remains a top choice for budget-conscious travelers.

👉 Ready to plan your trip? Check Prague hotel deals here and start your adventure in the City of a Hundred Spires!