13 Affordable Hotels in Melbourne (2025)

Melbourne is renowned for its vibrant culture, and those on a budget will be pleased to know there are plenty of affordable hotel options that don't skimp on comfort or style. Whether you want to stay in the heart of the CBD or prefer a seaside suburb, our experts have highlighted a selection of Melbourne hotels that offer a range of amenities from complimentary breakfasts to spoiling spas and a rooftop pool — and all without breaking the bank.

For a central hotel

• Brady Hotel Jones Lane is a striking 20-floor tower in the heart of Melbourne's CBD. It offers 53 slick, modern rooms, including some studio apartments with kitchenettes which help to keep costs down if you decide to eat in rather than out. Guests also share access to a great gym.
• Set on Chapel Street in South Yarra, The Olsen is in a top spot for keen shoppers with Melbourne's best stores nearby. It boasts a glass-bottom swimming pool, spa and gym, so you're getting a lot for your money here. Hop aboard the hotel's bicycles and zip around the area on two wheels.
• Laneways by Ovolo is situated in the heart of the bustling CBD close to the city's best bars, cafes and restaurants. The reasonably-priced rooms boast bold, Memphis-inspired interiors and a complimentary breakfast is included in the rates. Catch a show at the Comedy Theatre or Her Majesty's Theatre, both just around the corner.

For a rooftop pool

• Art Series — The Chen is an affordable high-rise centred on the bright paintings of Chinese-born Australian artist Zhong Chen. Sleek rooms with floor-to-ceiling windows let in lots of light, there's a superb dim sum restaurant and the rooftop pool is a real showstopper.

For a hip stay

• The StandardX, Melbourne is a cool choice for a good value stay in the creative Fitzroy district. The 125 rooms are slick and stylish, and there's a Thai-inspired restaurant. It's also a brilliant base for discovering the shops, galleries, eateries and markets in this vibrant neighbourhood.
• The Larwill Studio offers chic Scandi-style rooms right next to Royal Park, all at very reasonable rates. The interiors are inspired by the art of David Larwill, whose bright paintings create a playful atmosphere, and a health thread runs through the property with designated snacks, meditation and yoga mats offered in room. 
• Another well-priced arty pick is The Cullen, with artwork of the late Australian artist Adam Cullen displayed and for sale in the hotel. Large suites come with a fully-equipped kitchenette, plus there are babysitting services and free pram hire, so it's a good choice for families looking for a fun and quirky stay.
• The Prince is a hip boutique hotel in the seaside suburb of St Kilda. With a trendy wine bar, Mediterranean restaurant and pub, it's perfect for keen foodies and wine lovers, plus The Prince Band Room hosts international rock acts and DJs for a memorable Melbourne night. Great value for city living by the ocean.

For foodies

• Looking for a relaxed stay that won't break the bank? Naughtons Hotel, just opposite Melbourne University, offers 15 stylish rooms, plus a warm and welcoming restaurant and pub which prides itself on its seasonal fare and sustainable cooking ethos.
• Coppersmith Hotel is a well-priced hip boutique choice in South Melbourne. There are 15 minimalist and stylish rooms here but the big draws are the buzzy bistro — specialising in seasonal European cuisine — and the relaxed rooftop terrace. 

For a family getaway 

• Bordering Chinatown and the theatre district, Lancemore Crossley St is a stylish and good value choice for families with its two-bedroom suites and cool roof terrace. Breakfasts are served in the lobby each morning, and Melbourne's hip restaurant scene is on your doorstep.
• Tyrian Serviced Apartments Fitzroy is ideal for families on a budget with its two to three bedroom options. Expect fresh, contemporary interiors and private balconies. Brilliant for exploring lively Fitzroy on foot and living like a local with the flexibility of your own kitchen and sitting room.

For Grand Prix fans

• Situated opposite the Albert Park Australia Grand Prix track, means Middle Park Hotel is a must for racing fans looking for a reasonably-priced stay. Rooms are decorated in a fuss-free style and there's a lively brasserie. There's also a tram stop just outside taking you straight to the CBD and Melbourne's beaches.

Still not sure? 

• Browse through our full list of accommodation options in Melbourne,
• Refine your search to include our recommendations for 9 Family-Friendly Hotels in Melbourne or The 6 Most Romantic Hotels in Melbourne,
• Alternatively, contact one of our friendly Gurus for personalised advice.