It’s no secret that New York City is known as being an expensive travel destination. Fortunately, there are ways to stay and play in the city without maxing out your credit cards. Affordable hotels in NYC might be few and far in between, but there are many alternative options to consider that might fit your budget better. Use these tips to help you find the right place to stay in NYC.

The Top 4 New York City Hotels

Listed below are four of the best hotels in NYC, based on customer ratings. Keep reading below to find the best accommodations for your trip to the Big Apple!

  1. The Beekman
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    The Beekman is located on Nassau Street in Manhattan, and its location puts it in close proximity to some of the city’s popular sights. The Beekman is known for its views of the Brooklyn Bridge. It’s also close to the National September 11 Memorial and Museum. There’s a restaurant in the hotel that offers well-rated food, and free Wi-Fi is also part of the Beekman’s offerings.

  2. The Lowell Hotel
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    The Lowell Hotel New York is located just off of New York’s famous 5th Avenue, and it’s known for its diminutive size and the afternoon tea served there. With only 74 rooms, the Lowell is smaller than some of the city’s other hotels, but it offers a cozy feeling and touches of luxury that guests appreciate. It’s a bit pricey with rooms costing over $2,000 per night, and it’s rated number two in New York and Number 10 in the world.

  3. The Towers at Lotte

    The Towers at Lotte is located in Manhattan, in the Midtown east area, and it’s within walking distance of both Rockefeller Center and Times Square. The Towers at Lotte is known for its views of the city and its luxury accommodations. There’s a spa onsite for guests who want some extra pampering, as well as a fitness center for times when a good workout is needed.

  4. Renaissance Times Square Hotel
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    The Renaissance is a Times Square hotel. Guests can stand on the hotel’s balconies and look out over the Theater District and Times Square. A variety of attractions are within close walking distance of the Renaissance, and there’s a lounge in the hotel where guests can grab a drink and enjoy the NYC nightlife scene.

Hotels in Affordable Neighborhoods


If the four hotels listed above don’t fit your budget, that’s totally okay. Although finding cheap hotels in New York City Times Square can be a bit of a challenge, we’ve got some tips for you. Times Square is right in the center of the action, making it a hot spot for travelers to stay. As such, hotel rates in that area are often higher than other parts of the city.

While discounts and coupons are available, consider looking in other neighborhoods for lower overall rates. Queens, Bronx and Brooklyn are all just 20 to 35 minutes away from Manhattan via public transport and offer reliable and affordable accommodations for your NYC trip. Though quite a bit farther, New Jersey and Connecticut also offer affordable options if you don’t mind a commute of an hour or more.

What to Expect From an Affordable Hotel in New York City

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In order to keep the prices low, affordable hotels in NYC don’t offer many of the amenities you’re used to in hotels of the same price range in different locations. Expect smaller rooms in an independent hotel that’s not part of a national chain. A pool, exercise room and free breakfast might not be available either. However, you’ll be within walking distance of hundreds of attractions and eateries.

Hostels and Bed & Breakfasts in NYC

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Hostels or bed and breakfasts are other options in NYC. Hostels are becoming increasingly popular because of their affordability. Private rooms and dorms are available depending on if you’re just looking for a place to crash or want a private place to hang out after a long day of sightseeing. Alternatively, find bed and breakfasts all over the city near many major attractions. These guest houses are cozier, offering a quieter and more personalized experience.

Vacation Rental Homes: A Great Alternative to New York’s Luxury Hotels


For a money-saving alternative to one of NYC’s hotels, consider creating a home away from home with a vacation rental that delivers all the amenities you want the most. New York City vacation home rentals would probably be your best bet in finding affordable accommodations right in the heart of the city. You choose the area you want to stay (including Times Square), what type of accommodations you need and amenities you want, such as free Wi-Fi, access to a kitchen and pet-friendly facilities. This means you get all of the things you need for your trip at a price that falls within your budget. Additionally, private rentals are all over the city, allowing you to stay near the destination or attraction you plan to frequent.