Prague is one of Europe’s most enchanting cities — where Gothic spires pierce the skyline, cobbled streets whisper centuries of history, and the Astronomical Clock marks time in style. For travelers who want to stay close to the magic, the Old Town Square is the heart of it all. The only problem? It’s usually where hotel prices peak.
But don’t worry — you can still experience the charm of Old Town without spending a fortune. There are many affordable hotels and budget stays in Prague’s Old Town, perfect for solo travelers, couples, or families looking for comfort and convenience.
Below, we’ll explore where to stay, how to save, and the best budget hotels near Prague’s Old Town Square you can easily find through Trip.com.
Why Stay Near Old Town Square?
Old Town Square (Staroměstské náměstí) is one of the most beautiful city squares in Europe. Staying nearby puts you steps away from Prague’s top attractions — the Astronomical Clock, the Church of Our Lady before Týn, and countless cafés, bars, and street performers.
You can wake up early and explore when the streets are quiet, then enjoy dinner with the night lights glowing on the historic buildings. Plus, staying central means you save money on taxis or trams — you can walk everywhere!
Finding Affordable Hotels in Old Town Prague
Many people assume the Old Town area is only for luxury travelers, but that’s not true. The trick is knowing where to look and when to book.
1. Book in Advance
Prices rise quickly, especially in summer (May to September). If you book at least a few weeks early through a trusted platform like Trip.com, you’ll find great deals even in the heart of Old Town.
2. Travel Off-Season
From November to March, Prague becomes a winter wonderland — and room rates drop significantly. You’ll still enjoy the same landmarks, fewer crowds, and cheaper accommodation.
3. Be Flexible with Location
Even staying a 10-minute walk from Old Town Square can cut your costs by 30–40%. Neighborhoods like Josefov (the Jewish Quarter), New Town (Nové Město), or Mala Strana across the Charles Bridge are great alternatives — still central, but often much cheaper.
Best Affordable Hotels Near Old Town Square, Prague
Here are some budget-friendly hotels and guesthouses loved by travelers for their location, comfort, and value. You can easily search and book any of these through Trip.com for instant savings and verified reviews.
1. Residence BENE
If you want to stay close to everything, Residence BENE is one of the top affordable hotels in central Prague. It’s just a short walk from the Old Town Square and offers modern, clean rooms with wooden floors and free WiFi. Guests love its spacious layout and helpful staff. Perfect for couples and families.
2. Hotel City Centre
Located near Republic Square, this hotel puts you within walking distance of Old Town and major landmarks. It’s ideal if you want basic comfort, breakfast options, and a prime location at a reasonable price. You’ll find plenty of restaurants and shops nearby, too.
3. Bonvolon Hotel
Bonvolon Hotel offers an unbeatable combination of location and price. It’s great for travelers who value simplicity and cleanliness. Rooms are cozy, WiFi is strong, and the hotel’s central location means you can explore Prague on foot without relying on public transport.
4. Luxury Family Hotel Bílá Labuť
Don’t be fooled by the name — this hotel is surprisingly affordable for the comfort it offers. Located just a 10-minute walk from Old Town Square, it features comfortable rooms, breakfast service, and excellent value for families and small groups.
5. Hotel Belvedere
If you’re okay staying slightly outside the square (about 1.5 km away), Hotel Belvedere is a fantastic mid-range choice. It offers more amenities than most budget hotels, including larger rooms and breakfast options, while still keeping prices fair.
6. a&o Praha Rhea
For backpackers or budget travelers, this hotel/hostel hybrid is an excellent choice. While it’s further from the Old Town, the metro or tram will get you there in about 20 minutes. Rooms are clean, modern, and extremely affordable — ideal if you’d rather spend more on sightseeing than sleeping.
You can find and compare these hotels easily on Trip.com by searching “Old Town Prague hotels” or “affordable stays in Prague 1”. The platform often features limited-time discounts, especially for early bookings and longer stays.
Money-Saving Travel Tips in Prague
Saving money in Prague is easier than you think! Here are some quick ways to stretch your budget while still enjoying a memorable experience:
Use public transport: Prague’s trams and metro are efficient, clean, and cheap. A 24-hour ticket costs around €5.
Eat where locals eat: Step away from the main square to find authentic Czech food for half the price. Try goulash, svíčková, and Trdelník from smaller restaurants or street vendors.
Book tickets online: For attractions like Prague Castle or river cruises, booking online can save both time and money.
Skip the taxi queues: Apps like Bolt or Uber are cheaper and more reliable than random cabs near tourist areas.
Visit free attractions: Many of Prague’s most beautiful sights, including Charles Bridge, Old Town Square, and Letná Park, are free to explore.
How Much Does a Budget Trip to Prague Cost?
If you plan smartly, a 3-night stay in Prague can be surprisingly affordable:
Hotel: Around €60–80 per night (less in winter)
Food & Drinks: €20–30 per day if you eat at local spots
Transport: €10–15 for a 3-day pass
Sightseeing: Many attractions are free or under €10
That means you can enjoy an amazing Prague getaway for roughly €300–€400 total, including accommodation, food, and sightseeing.
When Is the Best Time to Visit Prague?
The best time depends on what you value most:
Spring (April–May): Mild weather, blooming gardens, moderate prices.
Summer (June–August): Long days, vibrant atmosphere, but higher hotel rates.
Autumn (September–October): Beautiful colors, fewer crowds, and lower costs.
Winter (November–March): Magical Christmas markets and the lowest prices of the year.
If budget is your main concern, winter is the best time to find deals on Old Town Prague hotels through Trip.com.
Why Book Through Trip.com?
Using Trip.com for your hotel reservations is a smart move if you want affordability, reliability, and convenience. The platform compares thousands of hotels, shows real guest reviews, and often provides exclusive deals not found elsewhere. You can also earn loyalty points for future discounts.
Final Thoughts
Staying near Prague’s Old Town Square doesn’t have to drain your wallet. Whether you pick a simple guesthouse, a boutique hotel, or a family-friendly stay, you’ll find plenty of affordable hotels near Old Town Prague that deliver comfort and character.
The key is to book early, stay flexible with location, and use trusted platforms like Trip.com to find the best rates.
So pack your bags, grab your camera, and get ready to experience Prague — the City of a Hundred Spires — without breaking the bank.