7 Cheap Hotels Near Scotiabank Arena in Toronto (2024)

Toronto’s Scotiabank Arena is a hub for world-class entertainment, hosting everything from electrifying concerts to nail-biting hockey games. But with all the excitement comes the question of accommodation – especially for budget-minded travelers. Fear not, globetrotters! This guide unveils 7 fantastic, affordable hotels situated near the Scotiabank Arena, ensuring you enjoy a comfortable stay without breaking the bank.

Before We Begin: Must-Know Tips

  • Consider the date: Toronto’s event calendar can significantly impact hotel prices. Events like concerts or sporting finals can cause prices to surge. Booking in advance, especially during off-peak seasons, can lead to better deals.
  • Think about your priorities: Do you prioritize location over amenities? Are you okay with a smaller room to save money? Consider what matters most to you when making your choice.
  • Explore alternative booking options: While popular booking platforms offer convenience, consider checking hotel websites directly. They might have exclusive deals or packages you won’t find elsewhere.

Now, let’s delve into our top picks!

  1. University Apartments
  • Distance to Scotiabank Arena: Approximately 10-minute walk
  • Budget-friendly: University Apartments offers no-frills accommodation perfect for those who prioritize saving money.
  • What to Expect: Simple, clean rooms with basic amenities like complimentary Wi-Fi. Shared bathrooms are available in some rooms.
  • Ideal for: This is a great option for solo travelers or budget-conscious groups looking for a clean, central location.
  • Insider Tip: Pack some extra towels and toiletries if you get a room with shared facilities.
  1. Toronto Travellers Home
  • Distance to Scotiabank Arena: Around a 15-minute walk
  • Social and Affordable: This lively hostel provides a social atmosphere for backpackers and budget travelers.
  • What to Expect: Modest rooms with some featuring private bathrooms. A communal kitchen allows you to prepare your meals, which can be a great way to save money.
  • Ideal for: Social butterflies and solo travelers who enjoy meeting fellow adventurers.
  • Insider Tip: Hostels often host events and activities – a fantastic way to explore the city and make new friends.
  1. Chinatown Travellers Home
  • Distance to Scotiabank Arena: Approximately a 15-minute walk
  • Immerse Yourself in Culture: This hostel places you right in the heart of Toronto’s vibrant Chinatown.
  • What to Expect: Basic rooms and dorm-style accommodations with some featuring microwaves and minifridges. Free Wi-Fi keeps you connected.
  • Ideal for: Adventurous travelers who enjoy exploring different cultures and neighborhoods.
  • Insider Tip: Chinatown boasts a fantastic selection of authentic Chinese restaurants – a must-try for foodies!
  1. Dragon Gate Inn
  • Distance to Scotiabank Arena: A short 10-minute walk
  • Clean and Comfortable: This friendly inn offers basic yet comfortable accommodation at a reasonable price.
  • What to Expect: Clean rooms with essential amenities.
  • Ideal for: Budget-conscious travelers seeking a clean and convenient place to stay near the action.
  • Insider Tip: Check out the breakfast options offered by the inn – a great way to fuel up before a day of exploring Toronto.
  1. The Parkdale Hostel
  • Distance to Scotiabank Arena: A little further, around a 20-minute walk or short streetcar ride.
  • Trendy Neighborhood Vibe: This hostel boasts a trendy and artistic atmosphere, perfect for millennial travelers.
  • What to Expect: A mix of dorm rooms and private rooms, some featuring balconies. On-site events and a communal kitchen add to the social vibe.
  • Ideal for: Young, social travelers looking for a stylish and affordable stay with a chance to meet like-minded people.
  • Insider Tip: Parkdale boasts a happening bar and restaurant scene – explore the neighborhood after checking in!
  1. Stay Inn Toronto
  • Distance to Scotiabank Arena: Approximately a 15-minute walk
  • Simple Yet Functional: This hotel offers basic amenities at a competitive price point.
  • What to Expect: Clean and functional rooms with essential amenities like Wi-Fi and cable TV.
  • Ideal for: Budget travelers who prioritize a clean and convenient location without unnecessary frills.
  • Insider Tip: Several cafes and restaurants are located nearby, offering a variety of dining options.

 

  1. The Beverley Hotel (continued)
  • Distance to Scotiabank Arena: A 20-minute walk or short streetcar ride
  • Charming Boutique Experience: This historic hotel offers a charming boutique experience at a surprisingly affordable price.
  • What to Expect: Unique, tastefully decorated rooms that embrace the hotel’s heritage. While not super modern, they provide a comfortable and character-filled stay.
  • Ideal for: Travelers seeking a unique and charming stay with a touch of history, all without breaking the bank.
  • Insider Tip: Combine your stay with a visit to Kensington Market, a vibrant neighborhood known for its eclectic shops and delicious street food, located just steps away.

Beyond Your Hotel: Exploring Toronto

Toronto offers a plethora of exciting things to see and do beyond the Scotiabank Arena. Here are some ideas to get you started:

  • CN Tower: Ascend the iconic CN Tower for breathtaking panoramic views of the city.
  • Royal Ontario Museum: Immerse yourself in history and culture at the Royal Ontario Museum, housing a vast collection of artifacts.
  • St. Lawrence Market: Foodies will love browsing the stalls of St. Lawrence Market, overflowing with fresh produce, international delicacies, and delicious treats.
  • Humber Bay Park: Escape the city bustle and enjoy a peaceful stroll or picnic at Humber Bay Park, offering stunning waterfront views.
  • Distillery District: Explore the trendy Distillery District, a historic neighborhood transformed into a vibrant hub for shops, restaurants, and art galleries.

Pro-Tip: Purchase a Toronto CityPASS

Consider purchasing a Toronto CityPASS, a discounted pass that grants you entry to several top attractions, including the CN Tower, Royal Ontario Museum, Casa Loma, and more. It’s a fantastic way to save money while experiencing the best the city offers.

Final Thoughts

Toronto offers something for everyone, and with this guide, you can find a comfortable and affordable place to stay near the heart of the action. So pack your bags, book your stay, and get ready to experience the vibrant energy of Toronto!