view from the best room at Voco Times Square South in Midtown NYC hotel

Best Affordable NYC Hotels (under $200)

In Guides, New York, See & Do by Megan ILeave a Comment

Looking for the best affordable NYC hotels? How about hotels in NYC under $200 a night?! 

It may seem like a difficult task to find cheap hotels in NYC, one of the most expensive cities on the planet, but let us assure you, it is possible and better yet – these budget-friendly options won’t have you commuting an hour to see the city’s top attractions – all of these are centrally located near some of the city’s most iconic spots!

From historic hotels to cozy townhouse stays and inns, this guide covers some of the best inexpensive hotels in New York City to help you plan your trip.

Oh, and you don’t just have to save serious dollars on your accommodation too! See our full guide to traveling NYC on a budget plus free things to do in Brooklyn and free museums in NYC to check out! NYC is a city for all budgets – believe it or not! And don’t forget the best cheap eats in NYC too!

So whether you’re looking for an inexpensive hotel so you can splurge on other parts of your trip (like an NYC helicopter tour) or you’re a budget-conscious traveler, we’ve got you!

Keep in mind, depending on when you’re booking or how far in advance you’re booking these prices can fluctuate, this is one of the most expensive cities in the world after all. We highly advise booking a few months in advance if you’re able to so you can secure the best rate and have more options to save money as waiting last minute can increase rates and you’ll have less inventory to select from. 

Don’t miss how to spend your time in the city too with our curated itineraries to help make planning a breeze! All of our suggestions are different for each guide, feel free to use them all to customize your trip exploring all the best things to do in NYC!

Disclaimer: This post contains affiliate links.

Voco Times Square South New York

Room at Voco Times Square South New York hotel in Midtown

343 W 36th Street, Midtown West

One of the best cheap hotels in NYC is Voco Times Square South New York! Located in Midtown West of Manhattan, this hotel is centrally located and is just a few blocks away from Penn Station, Times Square, Herald Square, Hudson Yards, and Madison Square Garden to name a few of the large city landmarks steps away. Because of the location alone, this is one of the best inexpensive hotels in NYC.

The hotel is under the IHG Group, which means if you’re a part of their loyalty program you can cash in or earn on your member perks at this property. The rooms at the Voco Times Square are tasteful, contemporary, and come with local Brooklyn brand Apotheke toiletries. Many of the rooms also have city views as well.

Although it can be hard to find NYC hotels under $200 that have more than the basic amenities, this hotel has a lot to offer, including a paid breakfast option, free WiFi, and many spaces and common areas for guests to work. This is an ideal spot for business travelers due to all the great working spaces, including the single-person booths with power outlets.

This hotel also has an outdoor terrace that is great to take advantage of on a warm day! There is also an onsite restaurant, grab-and-go food options, and bar as well as a fitness center. Book on Booking.com or Expedia.com.

PS this hotel is pet-friendly for animals under 30 lbs with a pet deposit.

The Jane 

 

 
 
 
 
 
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113 Jane St, Meatpacking District

The Jane is one of the most popular (& gorgeous/historic) inexpensive hotels in NYC that also happens to look straight out of a Wes Anderson film. Complete with a bellhop in uniform, the classic burgundy combined with woodwork decor, and of course their ballroom and cabin style rooms.

This is also one of the most historic affordable NYC hotels you can stay at built in 1908 by the same designer behind Ellis Island and famously hosted survivors of the Titanic in 1912 as well as their ballroom being a famous nightlife and gathering place. Today, the hotel is also known for it’s great nightlife as well!

That being said, if you’re not into nightlife be sure to ask for a room on the upper floors away from the ballroom and music or bring some earplugs!

Located in the Meatpacking District near popular attractions like the Whitney Museum of American Art, Little Island, the High Line, and a short walk away to trendy neighborhoods like the West Village and Chelsea. The Jane Hotel is eclectic and historical and is one of the best affordable NYC hotels to stay in.

Here, you can find a ballroom, rooftop bar, and an Italian restaurant called Old Rose on the first floor! Each room has its own unique decor, and you have the option of choosing a room with your own bathroom or a shared bathroom depending on your travel style and budget for your trip! All of the rooms and hotel are themed around luxury ships and train cabins, making it one of our favorite unique hotels in NYC too! Book on Booking.com or Expedia.com.

Pod Times Square 

 

 
 
 
 
 
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400 W 42nd St, Hell’s Kitchen

Out of all the budget-friendly and cheap hotels in NYC, Pod Times Square is one of the best! This 4-star hotel is budget-friendly and centrally located on 42nd in Hell’s Kitchen (Midtown West) steps away from many of the top theaters for Broadway shows in the Theater District, Times Square, and just a few blocks away from Bryant Park and New York Public Library.

In addition, this hotel comes with free WiFi, a rooftop Serafina Italian restaurant on the property, and a bar where you can get one complimentary drink if you’re a guest! They offer contemporary, compact rooms that are designed with space in mind as rooms come complete with working stations, and depending on your travel style, you can upgrade to have an apartment-style ‘pod’ complete with a living space and kitchen, which are great for families or groups traveling up to 4.

This is also an easy hotel to bunk up with friends in as they have an option to book rooms with bunk beds in addition to full-size rooms. This affordable NYC hotel is perfect for solo or business leisure travelers looking to bunk up with friends or grab a solo room in a great, central location. Book on Booking.com or Expedia.com.

PS, they offer extended stays with discounts for guests looking for somewhere to stay for a month-long visit! And since you’re so close to the Theater District, be sure to check out our full guide on how to get cheap Broadway tickets during your stay!

PS this hotel is pet-friendly for up to two dogs under 15 lbs with a pet deposit.

Chelsea Mews Guest House 

344 W 15th St, Chelsea

Chelsea Mews Guest House is one of the most eclectic, historic budget hotels in New York for gay men. Located in a classic NYC brownstone building and less than a 5-minute walk to Chelsea Market, this centrally located and charming hotel has everything you’ll need, not to mention all the great galleries in Chelsea (perfect for art lovers) and the High Line as well.

This historic guesthouse hotel is filled with unique antiques, and each of the quaint rooms is decorated individually. Keep in mind that since this is a pocket-sized hotel located in a historic building, each room has a shared restroom, and there is no elevator in the building. 

This hotel has historically been a gathering place and stay for gay men and is all male and clothing optional. It’s worth checking out the photos to make sure this is a good stay for you as some guests left reviews surprised by the antiques and size of the space they were staying in. Book on Hotels.com or Expedia.com.

The New Yorker Hotel 

The New Yorker Hotel in Midtown Manhattan

481 8th Ave, Midtown West

The New Yorker Hotel is one of the most classic, inexpensive hotels in NYC. This art deco hotel is located directly next to Penn Station and is just a few minutes away from Times Square and Central Park! This high-rise hotel also has great city views in select rooms. 

The New Yorker Hotel has no shortage of amenities, offering free WiFi, complimentary breakfast, a laundry service, and more! This hotel also is where you can find one of the best diners in NYC, Tick Tock Diner is located here and is open 24 hours for anyone looking for a meal any time of the day in the city that never sleeps in addition to having three restaurants to choose from.

Much like the hotel’s architecture (you’ll recognize the giant red letters that sit on the top of the building that always stands out in the skyline) the rooms are classic with Art-Deco-inspired rooms. Their Metro Queen rooms redefine luxury on a budget and are the rooms we suggest staying in under $200 a night. Booking.com or Expedia.com.

A historic fact about the New Yorker is that Nikola Tesla passed while staying at this hotel in room 3327 on the 33rd floor, where he lived the last 10 years of his life.

PS this hotel is pet-friendly for up to two dogs under 45 lbs for an extra fee per pet per night.

Pod 51 

 

 
 
 
 
 
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230 E 51st Street, Midtown East

Pod 51 Hotel in Midtown East is one of the best NYC hotels under $200, much like its sister Pod properties (although this is the first!). This hotel offers eclectic modern rooms that each come with free WiFi, iPod docks, and desks that are great for doing work.

The location is great here too, located in Midtown East, you’re just a few blocks away from popular attractions like Grand Central Terminal, the Morgan Library Museum, and all the exciting shopping along 5th Avenue.

While booking a room at Pod 51, you’ll have the option of getting bunk beds for sharing with friends or a solo room with full-size beds. You’ll also have the option of picking your own bathroom or the shared facilities. 

Although many inexpensive hotels in NYC don’t have more than just the basics, Pod 51 has a year-round courtyard cafe, a stunning rooftop terrace with city views, and a lounge with a bar and games, perfect for socializing!

This affordable NYC hotel is perfect for solo or business leisure travelers looking to bunk up with friends or grab a solo room in a great, central location. Book on Booking.com or Expedia.com.

Dylan Hotel NYC 

 

 
 
 
 
 
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52 E 41st St, Midtown East

The Dylan Hotel is one of the best affordable NYC hotels that’s also a luxury boutique option. This 4-star budget hotel’s prices do vary depending on the season, but you can typically book a room here for under $200 if you plan in advance during non-peak travel seasons.

Known for its great location, this hotel is located right next to Grand Central Terminal, the Chrysler Building, and Bryant Park.

The Dylan Hotel is in a historic high-rise that has recently been remodeled. The clean, contemporary rooms include large sinks and marble bathtubs! There is also the popular Benjamin’s Steakhouse on the property and free WiFi throughout the building as well as a fitness facility for those who like to stay active while traveling. Book on Booking.com or Expedia.com.

An interesting historic fact about this NYC hotel, the building was first the headquarters for the New York Chemist Club, of whom Thomas Edison was a member and a guest. This is especially interesting given another one of our best budget hotels in NYC also has historic ties to his long-time arch-nemesis, Nikola Tesla.

PS this hotel is pet-friendly allowing one pet per room for an extra fee per night, they even have a dog Louie as the hotel’s mascot!

The Americana Inn 

 

 
 
 
 
 
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69 W 38th St, Midtown South

The Americana Inn is a cheap hotel in NYC located in Midtown South directly next to Bryant Park. This centrally-located inn offers quaint rooms for a great price, making it one of the best NYC hotels under $200 you can find.

Keep in mind that this inn offers shared bathrooms in the hallways, however, if you choose to book a suite or upgraded room, you will get a private bath. 

This budget hotel in New York is near other great stops like Herald Square and Times Square making it perfect for exploring some of the best NYC experiences and tourist attractions. 

The Americana Inn offers many great amenities, including concierge services, paid parking options, WiFi, shared kitchenettes on each floor, and more! This is also a great cheap hotel in NYC for groups or friends who like bunking together, especially given the prime location. Book on Booking.com or Expedia.com.

Artel Hotel Times Square

Artel Hotel room in NYC

Photo Courtesy of Artel

305 W 39th St, Midtown West

Another one of the best cheap hotels in NYC is Artel Hotel Times Square! Located in the heart of Midtown Manhattan in the Garment District, Artel is a creative and brightly colored hotel just blocks away from Madison Square Garden, Penn Station, and Port Authority for easy access to public transportation. Not to mention steps away from all the best theaters in the Theater District for those wanting to catch a show!

This midscale, affordable NYC hotel offers chic, contemporary comfortable rooms with Aveda toiletries and guests get complimentary passes to enjoy Planet Fitness facilities.

Artel offers a wide range of rooms to choose from including a single bed room, rooms with 2-4 bunk beds, and rooms with 2 large beds. You can also upgrade to a room with an amazing city view! There are only 4 rooms per floor on this hotel and there is also a junior suite penthouse on the top floor with outstanding views. That way, you can enjoy one of the best inexpensive hotels in NYC while still feeling luxurious.

Artel also has many amenities including a speakeasy lounge with complimentary drinks for guests, an outdoor courtyard, and many unique events that happen each month! Book on Booking.com or Expedia.com.

Hotel Edison 

 

 
 
 
 
 
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228 W 47th St, Theater District

Less than a 3-minute walk from Times Square is another one of the best affordable NYC hotels: Hotel Edison. Hotel Edison was one of the first Art Deco hotels in the Theater District!

Inside of the hotel you can find The Rum House for great dining and the stunning Edison Ballroom. This hotel has also been the filming location for many iconic films including The Godfather, Birdman, and Naked City!

If you’re in the city to see a Broadway show, Hotel Edison is the best pick for you as you literally step away from the biggest shows!

This is another one of those affordable hotels in NYC under $200 depending on when you’re looking. This place can vary in price due to its highly desired location, so be sure to check rates as you could be in luck during the dates you’re looking for.

You can expect modern luxuries with a mix of its historic art deco touches that pays homage to its opening during the Jazz Age. There are three hotel restaurants on site and if you’re traveling with family or friends you can request connecting rooms. Enjoy the beautiful marble touches in the bathroom and cozy workspaces in each room.

The hotel offers complimentary wifi and walking tours are available! Book on Booking.com or Expedia.com.

A historic fact, when this historic hotel opened in 1931, Thomas Edison himself turned on the lights to the marquee!

Belvedere Hotel

 

 
 
 
 
 
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319 W 48th St, Midtown

If you’re searching for inexpensive hotels in NYC that are close to Times Square, Belvedere Hotel might be the perfect option! This hotel is less than a 10-minute walk away from Times Square and smack dab in the heart of the Theater District! 

The Belvedere Hotel is another storied art deco building from the 1920s. Amenities at the Belvedere include morning coffee from 7-10 AM, free WiFi, printing services, co-working spaces, a fitness center, and room service. If you’re staying at this hotel, you’ll also get a 15% off discount at Churrascaria Platforma, a nearby upscale Brazilian restaurant! 

This is a great stay for anyone looking to enjoy a show on Broadway and a great spot for being walking distance to many of the city’s most famous Midtown attractions! Another perk about some of these older hotels, like the Belvedere Hotel, is that the rooms have much more space than modern or contemporary hotels! Back then, space wasn’t as big of an issue as it is today, so this is great if you don’t like a claustrophobic room. Book on Booking.com or Expedia.com.

Park Central Hotel New York 

 

 
 
 
 
 
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870 7th Ave, Midtown

Just a 2-minute walk from the legendary Carnegie Hall is another one of the best NYC hotels under $200… Park Central Hotel! Although this hotel’s prices fluctuate, you can find a room in the $200 range if you plan/book in advance or are traveling during non-peak seasons.

What’s also great is that you’re steps away from Central Park, the Theater District, Rockefeller Plaza, and Radio City Music Hall making it easy to enjoy some of the best entertainment the city has to offer near your hotel!

This 4-star hotel was built during the roaring twenties and is still one of the most iconic hotels in the area. The rooms in this hotel come with sleek wooden furniture, comfortable beds, and a ton of discounts on fun activities! If you stay at this hotel, you can get 20% off breakfast at Central Market, special offers on local bicycle tours, and many other offers. Book on Booking.com or Expedia.com.

Chelsea Inn Hotel 

 

 
 
 
 
 
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46 W 17th St, Flatiron District

The Chelsea Inn Hotel is one of the best cheap hotels in NYC. Located less than a 10 minute walk to the Flatiron Building, Union Square, and a few blocks away from all the incredible art galleries and eateries in Chelsea. This centrally located affordable NYC hotel is made up of two cozy pre-war townhouses.

The cottage-inspired rooms in this hotel come with free WiFi, mini-fridges, and cable TV. While booking a room here, you’ll have the option of getting a private or shared bathroom. You’ll also have the option of booking a regular room or a suite. If you choose to book a suite here, your room will come with a kitchenette and extra tables and beds if needed!

Another perk to staying at Chelsea Inn Hotel is that you’ll get a daily discount voucher to Belgian Bistro which is right next door! This hotel also offers 10% discounts on stays that take place Mondays and Tuesdays. Book on Booking.com or Expedia.com.

The Blakely New York 

136 W 55th St, Midtown

Just 2 blocks from Carnegie Hall and 4 blocks from Central Park is another great cheap hotel in NYC: The Blakely! Built in 1929, originally under the name of the Gorham Hotel where celebrities like Jim Morrison have been photographed, this redbrick hotel is located on a quiet Midtown block that is serene yet centrally located. 

Each room in The Blakely is decorated traditionally and comes with kitchenettes, free WiFi, marble baths, mini-bars, and TVs. If you choose to book a suite, your room will come with an entirely separate living area with another TV, couch, and many other special amenities.

The Blakely also has a rustic Italian restaurant on the first floor that’s great for any meal of the day. Furthermore, if you stay here, you can use the fitness center, boardroom, and terrace! Book on Booking.com or Expedia.com.


Considering staying in Brooklyn? Why not! We love it, but we are biased, plus there are more affordable hotels in Brooklyn!

If you found this guide to the best affordable NYC hotels and best inexpensive hotels in NYC under $200 a night helpful consider sharing the love or bookmark this post for later! Happy travels!

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