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Prague, the enchanting capital of the Czech Republic, is often called the City of a Hundred Spires thanks to its breathtaking Gothic and Baroque architecture. Famous for its medieval Old Town, fairytale castles, and lively riverside atmosphere, Prague has become one of Europe’s top destinations for travelers.

While it’s known for its beauty and history, Prague is also surprisingly budget-friendly, offering a wide range of affordable accommodation options. From hostels with modern amenities to boutique hotels tucked into charming neighborhoods, visitors can enjoy comfort and convenience without overspending.

In this guide, we’ll explore why Prague is ideal for budget travelers, the best neighborhoods to stay in, and some highly recommended budget hotels.

Why Visit Prague on a Budget?

Prague is one of those rare European capitals where you don’t need to break the bank to enjoy a memorable stay.

  • Affordable Dining – Local pubs serve hearty Czech meals for just a few euros, while street food like sausages and trdelník pastries are cheap and delicious.

  • Free Attractions – Many of Prague’s best sights, like Charles Bridge, Old Town Square, and Astronomical Clock, can be admired at no cost.

  • Efficient Transport – Public transport is cheap and reliable, making it easy to explore the city.

  • Wide Choice of Budget Hotels – From hostels to 2–3 star hotels, Prague offers plenty of affordable stays in central locations.

Best Areas to Stay in Prague on a Budget

Choosing the right neighborhood makes a big difference when traveling on a budget. Here are the top picks:

1. Old Town (Staré Město)

  • Perfect for first-time visitors

  • Close to the Astronomical Clock, Charles Bridge, and Old Town Square

  • Budget hotels and hostels available, though it’s slightly pricier than other areas

2. New Town (Nové Město)

  • Great for nightlife, shopping, and budget-friendly dining

  • Affordable hotels near Wenceslas Square

  • Easy transport links to all major attractions

3. Žižkov

  • Known for its youthful, bohemian vibe

  • Home to cheap hotels, apartments, and the famous Žižkov Television Tower

  • Lively pubs and cafes make it a great budget base

4. Mala Strana (Lesser Town)

  • Charming area under Prague Castle

  • Cobblestone streets, historic buildings, and peaceful vibes

  • Some budget stays available in traditional guesthouses

Recommended Budget Hotels in Prague

Here are some top-rated budget-friendly hotels where you’ll get excellent value:

1. B&B Hotel Prague-City

  • Modern, clean, and affordable

  • Located near the Vltava River and Florenc metro station

  • Perfect for couples and solo travelers

2. Hotel City Centre

  • Located close to Old Town Square

  • Simple rooms with breakfast included

  • Great option for budget-conscious tourists

3. Sir Toby’s Hostel

  • One of Prague’s most popular hostels

  • Cozy bar, communal kitchen, and friendly atmosphere

  • Ideal for backpackers

4. Hotel Adler

  • Centrally located near Wenceslas Square and the National Theatre

  • Stylish yet budget-friendly accommodation

  • Free breakfast included

👉 You can check hotel prices and book through Trip.com for great deals.

🛏️ Tips for Booking Budget Hotels in Prague

  • Book early – Prague is popular year-round, and prices rise during festivals and summer.

  • Stay outside the Old Town – Neighborhoods like Žižkov and New Town offer cheaper rates with easy access.

  • Check for breakfast included – Many hotels offer free breakfast, helping you save more.

  • Look for transport access – Staying near a metro or tram stop makes exploring affordable and easy.

Top Free & Low-Cost Things to Do in Prague

Even if you’re staying in a budget hotel, Prague offers plenty of memorable experiences:

  • Charles Bridge – Walk across this historic landmark with stunning views of the Vltava River.

  • Old Town Square & Astronomical Clock – Watch the famous hourly clock show for free.

  • Prague Castle Grounds – Some parts of the castle area are free to enter.

  • Petřín Hill – Climb for panoramic views of the city.

  • Local Markets – Visit Havelské Tržiště for souvenirs and snacks at budget prices.

Final Thoughts

Prague is proof that you don’t need a big budget to enjoy a European city filled with history, charm, and culture. From budget hotels in Prague’s Old Town to lively hostels in Žižkov, travelers can find the perfect stay that fits both comfort and affordability.

So whether you’re a backpacker, couple, or family, Prague welcomes you with open arms and plenty of affordable stays in the City of a Hundred Spires.

👉 Ready to book? Check budget hotel deals in Prague here.