Travel Value Finder
Cheap Hotels Near CN Tower
Some of the best cheap hotels near CN Tower include:
- The Rex Hotel
- Chelsea Hotel Toronto
- Bond Place Hotel
- Holiday Inn Express Downtown Toronto
- The Alexandra Hotel
These hotels provide affordable accommodation within easy reach of the CN Tower and Toronto’s downtown attractions.
The CN Tower is one of Toronto’s most famous landmarks and a major attraction for visitors. Staying nearby means you can easily walk to popular sights like Ripley’s Aquarium, Rogers Centre, and the Toronto Waterfront. While some hotels around the CN Tower are expensive, there are still several affordable hotels under $200 per night within walking distance or a short ride away.
If a friend asked me where to stay near the CN Tower on a budget, I’d recommend looking in Downtown Toronto and the Entertainment District, where many budget hotels offer great locations without luxury prices.
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Finding cheap hotels near the CN Tower means you can stay in the heart of Toronto without overspending—enjoy skyline views, walkable attractions, and affordable comfort all in one place.
Best Cheap Hotels Near CN Tower
These Toronto CN Tower budget hotels are carefully selected for affordability, location, and convenience, making them ideal for travelers wanting to enjoy downtown Toronto without exceeding $200 per night. Here’s a quick comparison of affordable hotels near the CN Tower.
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| Hotel | Distance to CN Tower | Average Price | Why Travelers Like It |
| The Rex Hotel | 12-minute walk | $130–$180 | Boutique hotel with famous jazz bar |
| Chelsea Hotel Toronto | 15-minute walk | $170–$200 | Family-friendly and central location |
| Bond Place Hotel | 18-minute walk | $150–$190 | Comfortable rooms near transit |
| Holiday Inn Express Downtown | 10-minute drive | $170–$200 | Free breakfast and modern rooms |
| The Alexandra Hotel | 15-minute walk | $130–$180 | Budget-friendly boutique stay |
Quick Decision Table – CN Tower Budget Hotels
| Travel Preference | Hotel | Why Choose It | Distance to CN Tower |
| Cheapest stay | Samesun Toronto Hostel | Lowest price with social atmosphere | 20 min walk |
| Boutique with character | The Rex Hotel | Unique live jazz bar experience | 12 min walk |
| Comfortable downtown hotel | Bond Place Hotel | Good value, near transit | 18 min walk |
| Budget with breakfast | Holiday Inn Express Downtown | Modern rooms with free breakfast | 10 min drive |
| Quiet boutique stay | The Alexandra Hotel | Affordable boutique rooms | 15 min walk |
Cheap hotels near the CN Tower offer the perfect balance of location, affordability, and easy access to Toronto’s top attractions.
1. The Rex Hotel
The Rex Hotel is a unique budget hotel located in Downtown Toronto. What makes this place special is its famous live jazz club, which has been part of Toronto’s music scene for decades.
Highlights
- Affordable downtown location
- Live jazz performances
- Walking distance to CN Tower and waterfront
Typical price: $130–$180 per night
2. Chelsea Hotel Toronto
The Chelsea Hotel Toronto is one of the largest hotels in the city and often offers excellent value for its location. It’s located near Yonge-Dundas Square and Toronto Eaton Centre, making it convenient for both shopping and sightseeing.
Highlights
- Indoor pool and fitness center
- Central downtown location
- Easy subway access
Typical price: $170–$200 per night
3. Bond Place Hotel
The Bond Place Hotel offers comfortable rooms in a very convenient downtown location. It’s just steps from Yonge-Dundas Square and within walking distance of the CN Tower.
Highlights
- Excellent public transit access
- Central downtown location
- Good value for the price
Typical price: $150–$190 per night
4. Holiday Inn Express Downtown Toronto
Located in Old Town Toronto, the Holiday Inn Express is a great choice for travelers who want modern amenities and breakfast included.
Highlights
- Complimentary breakfast
- Comfortable modern rooms
- Close to St. Lawrence Market
Typical price: $170–$200 per night
5. The Alexandra Hotel
The Alexandra Hotel is a smaller boutique property offering simple but comfortable rooms at affordable prices.
Highlights
- Quiet neighborhood
- Budget-friendly rooms
- Close to downtown attractions
Typical price: $130–$180 per night
Best Cheap Hotels by Category
- Cheapest Hotel Near CN Tower: Samesun Toronto Hostel, $80–$120
- Best Downtown Value: Bond Place Hotel, $150–$190
- Best Boutique Vibe: The Rex Hotel, $130–$150
- Budget-Friendly with Breakfast: Holiday Inn Express Downtown Toronto, $170–$200
- Quiet Budget Stay: The Alexandra Hotel, $130–$150
These selections balance price, location, and convenience, ensuring travelers can explore downtown Toronto affordably.
Quick-Pick Travel Tips for CN Tower Budget Hotels
- Book early for summer or holiday weekends to get the lowest rates.
- Slightly off-center hotels like Samesun or The Alexandra can save money while still being walkable.
- Check for included breakfast at hotels like Holiday Inn Express Downtown to increase value.
- Use resources like travelvaluefinder.com to compare deals and find the lowest prices in real-time.
Toronto CN Tower Hotel Prices by Month (Budget Hotels)
| Month | Budget Hotel Range | Notes |
| Jan | $120–$140 | Low season, great for deals |
| Feb | $120–$140 | Quiet, affordable |
| Mar | $130–$150 | Early spring rates |
| Apr | $130–$150 | Spring break may increase rates |
| May | $140–$150 | Moderate demand |
| Jun | $150–$170 | Summer begins, higher rates |
| Jul | $160–$180 | Peak summer, book early |
| Aug | $160–$180 | High season continues |
| Sep | $140–$160 | Early fall, fewer crowds |
| Oct | $130–$150 | Fall season, good deals |
| Nov | $120–$140 | Off-season, cheaper stays |
| Dec | $140–$170 | Holiday season, higher prices |
Budget travelers can plan trips during off-peak months to secure rooms under $150–$160 near the CN Tower.
Smart travelers know the secret to Toronto: book cheap hotels near the CN Tower and stay steps away from the city’s biggest attractions while keeping your travel budget intact.
Cheap Hotels Near CN Tower Toronto
Although the CN Tower area is one of the most popular places to stay in Toronto, travelers can still find cheap hotels under $200 per night nearby.
Traveling to Toronto doesn’t have to be expensive. By choosing cheap hotels near the CN Tower, visitors can stay in the heart of the city while keeping their accommodation budget under control. With many attractions, restaurants, and entertainment spots nearby, these budget-friendly hotels make it easy to explore downtown Toronto without spending too much.
This blog helps travelers quickly find reliable and affordable places to stay near the CN Tower. Recommended options include The Rex Hotel Jazz & Blues Bar, Alexandra Hotel, and Holiday inn Express—all offering convenient locations and good value. Staying close to landmarks like Ripley’s Aquarium of Canada and Rogers Centre means travelers can spend more time enjoying the city and less time commuting.
Affordable options like The Rex Hotel, Chelsea Hotel Toronto, and Bond Place Hotel provide comfortable accommodation while keeping you close to Toronto’s top attractions.
Frequently Asked Questions – Cheap Hotels Near CN Tower Toronto
1. Are there cheap hotels near the CN Tower in Toronto?
Yes, several budget-friendly hotels under $200 are located near the CN Tower. Options include The Rex Hotel, Bond Place Hotel, Holiday Inn Express Downtown, The Alexandra Hotel, and Chelsea Hotel Toronto, all within walking distance or a short transit ride to the CN Tower and downtown attractions.
2. How far are budget hotels from the CN Tower?
Most budget hotels near the CN Tower are within 10–20 minutes walking distance, while others may require a 5–10 minute subway or streetcar ride. Downtown hotels like The Rex Hotel or Bond Place Hotel allow visitors to walk to the CN Tower, Rogers Centre, and Ripley’s Aquarium easily.
3. Can I find hotels under $150 near the CN Tower?
Yes, a few budget-friendly hostels and boutique hotels under $150 per night are available, particularly slightly north or west of the CN Tower. Examples include Samesun Toronto Hostel, The Alexandra Hotel, and HI Toronto Hostel, all within reasonable walking distance to downtown attractions.
4. Are there family-friendly budget hotels near the CN Tower?
Yes, hotels like Chelsea Hotel Toronto and Holiday Inn Express Downtown offer family-friendly rooms and amenities while remaining budget-conscious. They are close to the CN Tower, Ripley’s Aquarium, Rogers Centre, and downtown Toronto, making them ideal for families visiting the city on a budget.
5. What is the cheapest time to book hotels near the CN Tower?
The cheapest months for budget hotels near the CN Tower are typically January to March and November, when tourism is lower. Hotel rates during summer months (June–August) and December holidays rise significantly, often pushing even budget hotels close to $200 per night.
6. Are cheap hotels near the CN Tower safe?
Yes, Downtown Toronto and the areas surrounding the CN Tower are considered very safe for travelers, including budget hotels. Standard urban safety precautions apply, but neighborhoods like Entertainment District and Downtown Toronto are well-patrolled and highly frequented by tourists.
7. Are budget hotels near the CN Tower walkable to other attractions?
Yes, many budget hotels near the CN Tower are within walking distance of downtown attractions such as:
Rogers Centre
Ripley’s Aquarium of Canada
Toronto Waterfront
Entertainment District
Yonge-Dundas Square
Walking distances typically range from 5–20 minutes, depending on the hotel.
8. Do cheap hotels near the CN Tower include breakfast or Wi-Fi?
Some budget hotels like Holiday Inn Express Downtown Toronto include breakfast. Most budget hotels and hostels, such as Samesun Toronto Hostel or The Rex Hotel, include free Wi-Fi. Amenities vary by property, so it’s important to check each hotel before booking.
9. Are hostels a good budget option near the CN Tower?
Yes, hostels like Samesun Toronto Hostel and HI Toronto Hostel provide very affordable accommodation under $150, with social atmospheres, shared kitchens, and central locations. They are ideal for solo travelers or backpackers looking to save money while staying close to the CN Tower.
10. How can I find the best deals near the CN Tower?
The best deals can be found by:
Booking early, especially for summer and holiday travel
Comparing rates across multiple booking platforms
Checking slightly off-center hotels that are still walkable
Using resources like travelvaluefinder.com to find the lowest prices and current promotions
11. Are budget hotels near the CN Tower good for nightlife?
Yes, hotels in the Entertainment District and Downtown Toronto offer easy access to bars, theaters, and live music venues. Budget hotels like Bond Place Hotel are close to nightlife hotspots while remaining affordable for travelers on a budget.
12. Can I walk to the CN Tower from Chinatown or Kensington Market?
Yes, neighborhoods like Chinatown and Kensington Market are within 15–25 minutes walking distance or a short streetcar ride to the CN Tower. These areas also offer cheaper hostels and boutique hotels compared to properties directly adjacent to the tower.
Pages That Support This Guide
To help with deeper planning for visiting Canada, this page connects to detailed guides such as:
- Where to Stay in Toronto (Best Areas Explained for First-Time Visitors)
- Cheap Hotels in Toronto Under $150 (Best Budget Stays)
- Cheap Hotels Near CN Tower (Best Budget Stays Under $200)
- Where to Stay in Montreal (Best Areas for First-Time Visitors)
- Cheap Hotels in Montreal (Best Budget Stays)
- Where to Stay in Vancouver (Best Areas for First-Time Visitors)
- Cheap Hotels in Vancouver (Best Budget Stays for Travelers)
