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A trip to New York doesn’t come cheap, especially in terms of accommodation. There are so many hotels and options on where to stay that finding a cheap hotel in New York can take a few hours. I put together this list of cheap hotels near Times Square in New York so you can explore the city without spending all your money in accommodation.

New York is such a big city and with so many things to do it is likely that you spend a minimum amount of time at your hotel room so it is not necessary to invest all your savings in accommodation.

The most important thing for me when choosing the accommodation is its location. While there are cheaper hotels in areas like Brooklyn or Queens, the hotels in the list are all located in Manhattan and near Times Square. You can reach plenty of attractions on foot or by subway.

*Prices are based on double occupancy. It is very likely that on dates like New Year the prices of all these hotels go up.

Cheap hotels near times Square:

• YOTEL New York USD$250-500/night

The most modern hotel and probably the most expensive hotel on this list. YOTEL is an affordable hotel with a futuristic style. YOTEL concept was inspired by luxury aircraft design, translating it into small and luxurious “cabins”. Rooms are small but designed to maximize space. I stayed at this hotel for 8 nights on my last trip to NY and I loved it, you can read about my experience here. YOTEL is located in Hell’s Kitchen, about 6 blocks from Times Square.

Pros: The hotel terrace has a bar and it is one of the largest terraces in NY!

Cons: During high seasons prices can get really high.

Find out more about YOTEL New York

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• Pod 51 USD$140-300/night

Pod 51 is a hotel with a modern and young design. The rooms are small but well equipped. Location is great, just a few blocks from 5th Avenue and Rockefeller Center. There are many shops, restaurants and subway stations nearby.

Pros: excellent quality / price relation

Cons: Shared bathroom (if you pay the cheapest room only)

Find out more about Pod 51

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• St James Hotel USD$220-450 /night

St James Hotel is located just one block away from the beautiful chaos at Times Square. It is a fairly old hotel but the rooms are clean and comfortable and it is one of the most afffordable hotels in New York.

Pros: For its location, the price is pretty good.

Cons: Old hotel so the heating system is quite noisy.

Find out more about Hotel St James here

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• The Manhattan at Times Square USD$180-450 /night

The Manhattan at Times Square is located only 3 blocks from Times Square, just steps away from restaurants, museums and shops. Keep in mind that it is a very old hotel and not all rooms look as in the pictures (some look even older).

Pros: Great location.

Cons: the price quality relationship isn’t good.

Find out more about the Manhattan

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• The New Yorker, A Wyndham Hotel USD$250-450/night

The New Yorker is a historic hotel in New York, located next to Penn Station, Madison Square and very close to the Empire State Building. On my last visit to the city I stayed at this hotel and I think it is a great option if you are looking for affordable and well-located accommodation in New York.

The rooms are quite small and the hotel facilities are very old, especially the bathrooms. The hotel has common areas, a bar, restaurant and cafeteria.

See photos and prices for The New Yorker on booking

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• Hotel Edison Times Square USD$220-500/night

A central and cheap hotel in New York located in the heart of Times Square. The rooms are clean and modern and continental breakfast is included in the room rate.

See photos and prices for Hotel Edison Times Square on booking

• West Side YMCA USD$120-250/night

The West Side YMCA isn’t close to Times Square but I wanted to include it in this list as it is one of the cheapest hotels in New York. It is located 600 meters from Central Park, in the Upper West Side area. The rooms are simple, with a bed and a small desk. Of course, you will have to share a bathroom.

See photos and prices for West Side YMCA on booking

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Other options for cheap accommodation in New York:

If you prefer a hostel…

• HI NYC Hostel USD$35-70/night per person. HI NYC Hostel is in uptown New York about 1 block away from Broadway Street. I’ve stayed at HI in different cities and always come back because the staff and service is great.

If you want something more luxurious…

• Iberostar Park Avenue USD$230-330/night. I had the opportunity to spend some nights at this hotel and loved it. The staff is friendly, the rooms are huge and the location is perfect. It is located in a much quieter area but still in the center of Manhattan. Super worth it if you’re looking for a modern and elegant hotel.

If you prefer to rent an apartment…

If you travel for a long time or with a group of people, it may be more convenient to rent an apartment. Check out these:

• Apartament for 4 people in Greenwich Village
• Apartaments in Financial District for 2 to 8 people
• Apartament for 6 people in Midtown Manhattan

Important info for booking a hotel in New York:

• Some information you should make sure you pay attention to when searching for a hotel in New York: if breakfast is included (it is unusual in NY) and if taxes are included in the final price (most likely not). What taxes?

  -The total tax on a New York City hotel room is 14.75%

  -The city tax corresponds to USD$3.5 per person per night.

  -The “Property service charge per night” which is charged by some hotels.

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I hope this list of cheap hotels near Times Square has helped you decide where to stay. If you have questions please leave a comment below. Have you stayed in any of these hotels or any other affordable hotel in New York?

Other posts about New York:

• Best things to do in New York City
• New York attraction passes comparison
• Is the New York Pass worth it?
• New York winter packing list
• New Year’s Eve in New York

Disclaimer: This post contains affiliate links. That means, if you click on certain links within this post and make a purchase, I earn a small commission at no extra cost to you. Read more about it here.

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