Planning a trip to Spain's vibrant coastal city? Discover the top 12 best cheap budget hotels and hostels in Valencia near transit, markets, and tapas bars.Valencia is a breathtaking Mediterranean gem that effortlessly blends historic old-world charm with futuristic architecture. Home to the legendary City of Arts and Sciences, golden sandy beaches, and the birthplace of authentic paella, it is a must-visit destination in Spain. Fortunately, compared to Madrid or Barcelona, Valencia is incredibly friendly to your wallet, offering exceptional value for budget-conscious travelers.The trick to maximizing your budget in Valencia is choosing the right neighborhood. Staying in the Centro Histórico (El Carmen) puts you within walking distance of historic cathedrals and nightlife, the trendy Ruzafa district offers a hipster culinary scene, and properties along Avenida del Puerto bridge the gap between the city center and the beach.Spain does not feature 7-Eleven stores, but these budget areas are packed with exceptional local supermarket chains like Mercadona, Consum, and Carrefour Express. For cheap eats, you can dive into local horchaterías or visit the Central Market for fresh, affordable ingredients.Here is our review of the top 12 best cheap budget hotels and hostels in Valencia.1. Purple Nest HostelAddress: Plaza Alfonso el Magnánimo 5, 46003 Valencia, SpainApproximate Price: $22 – $40 USD (Dorm) / $75 – $110 USD (Private Room)Location & Budget AppealPurple Nest Hostel enjoys a phenomenal central location right by the scenic La Glorieta Park. It is arguably the best budget location in the city because it sits on the cusp of the historic old town, meaning you can explore major landmarks like the Valencia Cathedral on foot without spending a single euro on public transport.Facilities & Nearby AmenitiesThis vibrant, brightly decorated hostel offers a spacious rooftop terrace, a lively on-site bar, a shared guest kitchen, and free walking tours. The Colón Metro Station is just a 5-minute walk away, providing direct airport transit. A well-stocked Consum supermarket is right down the street, and the area is surrounded by affordable local bakeries and tapas spots.👉 Check the latest prices and availability on Agoda here2. Red Nest HostelAddress: Calle de la Paz 36, 46003 Valencia, SpainApproximate Price: $20 – $38 USD (Dorm) / $70 – $105 USD (Private Room)Location & Budget AppealLocated on Calle de la Paz, one of Valencia's most elegant historic avenues, Red Nest Hostel offers rock-bottom prices in a premium neighborhood. It is highly favored by solo backpackers who want to be right in the center of the action without paying high-end hotel rates.Facilities & Nearby AmenitiesThe hostel features a beautiful mid-century design, a massive top-floor terrace with pool tables, a communal kitchen, and laundry facilities. It sits extremely close to the Colón Metro stop and central bus lines. A Carrefour Express is around the corner, and the surrounding streets are full of budget-friendly menu-del-dia (menu of the day) restaurants.👉 Check the latest prices and availability on Agoda here3. Home Youth Hostel ValenciaAddress: Calle la Lonja 4, 46001 Valencia, SpainApproximate Price: $25 – $45 USD (Dorm) / $80 – $115 USD (Private Room)Location & Budget AppealHome Youth Hostel boasts an unbeatable location directly next to the famous Silk Exchange (Lonja de la Seda) and the Central Market. This makes it an ideal home base for foodies and history buffs who want to step out straight into the heart of old Valencia.Facilities & Nearby AmenitiesThis unique property stands out because it features strictly no bunk beds in its dorm rooms, opting for comfortable single beds instead. It offers a fully equipped guest kitchen and a relaxed, artistic lounge. Being next to the Central Market means you have immediate access to incredibly cheap fresh produce, alongside dozens of inexpensive local street-food stalls.👉 Check the latest prices and availability on Agoda here4. Cantagua HostelAddress: Calle Vicente Lleó 28, 46006 Valencia, SpainApproximate Price: $26 – $45 USD (Dorm) / $85 – $120 USD (Private Room)Location & Budget AppealCantagua Hostel is tucked away in the trendy, artsy neighborhood of Ruzafa. Ruzafa is widely considered the coolest district in Valencia. Choosing this location allows you to experience the city like a local, surrounded by vintage shops, indie cafes, and affordable hipster bars away from tourist traps.Facilities & Nearby AmenitiesThis eco-friendly boutique hostel features custom wooden pod beds for extra privacy, a quiet co-working space, a shared kitchen, and a relaxed common room. It is well-connected by local bus lines directly to the beach and center. A massive Mercadona supermarket is just a block away, surrounded by highly affordable local tapas bars.👉 Check the latest prices and availability on Agoda here5. The River HostelAddress: Plaza del Temple 2, 46003 Valencia, SpainApproximate Price: $22 – $40 USD (Dorm) / $75 – $110 USD (Private Room)Location & Budget AppealThe River Hostel is located right across from the beautiful Turia Gardens—the massive sunken park that loops around the city. It is a fantastic budget pick because it combines proximity to the historic center with immediate access to green spaces and bike paths, allowing you to rent a cheap bike to explore the city.Facilities & Nearby AmenitiesIt offers spacious rooms, an underground lounge bar, a massive shared kitchen, and a dining area. The Alameda Metro Station is a short walk through the park. A local Dia supermarket is nearby, and you are steps away from the bustling bars of El Carmen for cheap evening drinks.👉 Check the latest prices and availability on Agoda here6. Urban Youth HostelAddress: Avenida del Puerto 280, 46024 Valencia, SpainApproximate Price: $24 – $42 USD (Dorm) / $80 – $125 USD (Private Room)Location & Budget AppealIf your main priority is spending time by the ocean, Urban Youth Hostel is strategically positioned on Avenida del Puerto. It sits perfectly between the futuristic City of Arts and Sciences and the city’s wide sandy beaches, saving you heavy transit time if you are a sun seeker.Facilities & Nearby AmenitiesThe property features an exceptionally modern, industrial design with an on-site bar and restaurant, guest kitchens, and private electronic lockers. The Marítim-Serrería Metro and Tram Station is just minutes away, linking you directly to the airport. A huge Mercadona supermarket and budget beachside eateries are right down the street.👉 Check the latest prices and availability on Agoda here7. Quart Youth HostelAddress: Calle Quart 38, 46001 Valencia, SpainApproximate Price: $21 – $38 USD (Dorm) / $70 – $100 USD (Private Room)Location & Budget AppealQuart Youth Hostel is located right by the iconic Quart Towers, one of the ancient gated entries into the old city. It offers incredibly cheap rates for a location that is technically within the historic core, making it a dream for backpackers watching their daily baseline expenses.Facilities & Nearby AmenitiesThe property provides a highly functional guest kitchen, an on-site fitness area, clean modern bathrooms, and secure luggage storage. It sits near major city bus routes and the Angel Guimera Metro Station. A convenient Consum market is close by, alongside traditional family-run bakeries charging local prices.👉 Check the latest prices and availability on Agoda here8. Center Valencia Youth HostelAddress: Calle Samaniego 18, 46003 Valencia, SpainApproximate Price: $23 – $42 USD (Dorm) / $75 – $115 USD (Private Room)Location & Budget AppealTucked away in a quiet alley just behind the Plaza de la Virgen, Center Valencia Youth Hostel puts you in the absolute bullseye of the historic center. It is a fantastic value location because you can walk out your door and view centuries of history instantly, eliminating all transit costs.Facilities & Nearby AmenitiesGuests love the rooftop terrace which offers panoramic views of the city skyline, perfect for sunbathing or socializing. The hostel provides a shared kitchen, laundry facilities, and free Wi-Fi. Public bus lines are steps away, a local Carrefour Express handles grocery needs, and cheap pizza slice shops fill the local neighborhood streets.👉 Check the latest prices and availability on Agoda here9. Russafa Youth HostelAddress: Calle Padre Perera 5, 46006 Valencia, SpainApproximate Price: $24 – $40 USD (Dorm) / $65 – $95 USD (Private Room)Location & Budget AppealAnother fantastic Ruzafa gem, this hostel is highly rated for solo travelers and digital nomads who prefer a relaxed, intimate atmosphere over a massive party hostel. It keeps your travel budget intact while keeping you close to Valencia's best coffee shops and art galleries.Facilities & Nearby AmenitiesThe hostel offers bright, colorful rooms with individual lockers, a cozy communal dining area, and a basic guest kitchen layout. It is within walking distance of the Estació del Nord train station, giving you great transit options. The Ruzafa Market is nearby for cheap local eats, alongside a convenient Masymas supermarket.👉 Check the latest prices and availability on Agoda here10. Sweet Hotel ContinentalAddress: Calle Correos 8, 46002 Valencia, SpainApproximate Price: $65 – $95 USD (Private Room Only)Location & Budget AppealFor travelers who prefer a classic budget hotel over a shared hostel environment, Sweet Hotel Continental offers incredible value. Located just a 2-minute walk from the main Plaza del Ayuntamiento (Town Hall Square), it gives you hotel privacy in the absolute dead center of the city.Facilities & Nearby AmenitiesThis clean, charming hotel features a lovely rooftop sun terrace, private en-suite bathrooms, air conditioning, and a daily continental breakfast option. It is perfectly linked to the Xàtiva Metro Station. A large El Corte Inglés supermarket is nearby, along with unlimited budget cafes and bakeries catering to local shoppers.👉 Check the latest prices and availability on Agoda here11. Casual Vintage ValenciaAddress: Plaza del Ayuntamiento 23, 46002 Valencia, SpainApproximate Price: $70 – $110 USD (Private Room Only)Location & Budget AppealPart of a highly popular and creative Spanish budget hotel chain, Casual Vintage sits directly on the grand Plaza del Ayuntamiento. Finding a trendy private room at this price point on Valencia's main square is a massive win, placing you steps away from all major tourist events and historic walking tours.Facilities & Nearby AmenitiesTrue to its name, the hotel boasts a unique, vintage-inspired decor throughout. Rooms are fitted with flat-screen TVs, fast Wi-Fi, private bathrooms, and air conditioning. Its central location means all major bus and metro routes are at your doorstep, backed by nearby Supercor markets and cheap, historic local tapas spots.👉 Check the latest prices and availability on Agoda here12. B&B HOTEL Valencia Ciudad de las CienciasAddress: Avenida d'Ausiàs March 99, 46013 Valencia, SpainApproximate Price: $60 – $95 USD (Private Room Only)Location & Budget AppealIf you are traveling as a couple or family and want guaranteed corporate cleanliness, this B&B HOTEL property is a stellar choice. Located slightly south of the center near the City of Arts and Sciences, it avoids high downtown rates while keeping you close to Valencia's architectural marvels.Facilities & Nearby AmenitiesThis highly reliable property offers modern, minimalist rooms with exceptionally comfortable bedding, free high-speed Wi-Fi, and a spacious lobby bar. Local public buses stop directly outside the hotel to take you to the old town or the beach. A large El Saler shopping mall with a massive Carrefour hypermarket is within walking distance.👉 Check the latest prices and availability on Agoda here