We may earn a commission when you book through our links. This never affects our recommendations.
Best Hotels in Toronto: Every Budget Compared
Last updated: April 1, 2026Planning a trip to Toronto, Canada? We've compared 289+ hotels across every budget category so you can find the perfect stay. From budget picks under $98/night to luxury resorts, here's everything you need to book with confidence.
Toronto Hotel Guide
Toronto is Canada's largest city, offering world-class dining, diverse neighborhoods, and iconic attractions like the CN Tower. Whether you're visiting on a budget or looking to splurge, you'll find the perfect place to rest your head in this vibrant metropolis.
Budget-Friendly Options
- HI Toronto Hostel - Located downtown near the Entertainment District, this clean and social hostel offers private and shared rooms at unbeatable prices.
- The Rex Hotel - A beloved spot on Queen Street West with affordable rooms above one of the city's best jazz and blues bars.
- Victoria Hotel - A no-frills option steps from Yonge-Dundas Square, perfect for travelers who want a central location without breaking the bank.
Mid-Range Highlights
- The Drake Hotel - A boutique gem in West Queen West featuring stylish rooms, a rooftop patio, and an artsy, laid-back vibe.
- Hotel Ocho - This charming eight-room boutique hotel in Chinatown offers modern design and a cozy atmosphere at reasonable rates.
- Kimpton Saint George - Located in the trendy Yorkville neighborhood, this pet-friendly hotel combines comfort with excellent service and a fantastic restaurant.
Luxury Picks
- Four Seasons Toronto - An iconic Yorkville landmark offering impeccable service, stunning suites, and the acclaimed Café Boulud restaurant.
- The Ritz-Carlton Toronto - Overlooking the city from the Entertainment District, this elegant property features a world-class spa and sophisticated rooms.
- 1 Hotel Toronto - A newer eco-luxury option with nature-inspired design, farm-to-table dining, and breathtaking views of the lake and skyline.
Search & Compare Hotels in Toronto
Budget Hotels in Toronto — Under $98/night
The Toronto Budget Inn
A comfortable stay in the heart of Toronto. Clean rooms, friendly staff, and great value for money.
Toronto Central Hostel & Suites
Well-located in Toronto with easy access to public transport. Popular with solo travellers and couples.
Toronto Value Stay
No-frills, no surprises — just a solid base for exploring Toronto. Free WiFi included in all rooms.
Mid-Range Hotels in Toronto — $98–$196/night
Toronto Grand Hotel
One of the most popular mid-range hotels in Toronto, offering stylish rooms and an on-site restaurant. Guests consistently praise the location.
The Toronto Boutique
A charming boutique hotel in Toronto with individually designed rooms. Ideal for couples and leisure travellers.
Toronto Plaza Hotel
Located steps from Toronto's top attractions, this hotel offers spacious rooms and a rooftop terrace.
Luxury Hotels in Toronto — $196+/night
The Toronto Palace
Toronto's premier five-star address, featuring a world-class spa, Michelin-starred dining, and breathtaking views.
Toronto Royal Suites
Ultra-luxury suites in Toronto with butler service and private pools. The ultimate indulgence.
The Toronto Collection
Award-winning luxury hotel in Toronto with curated art, exceptional service, and iconic architecture.
Hotels Near Pearson Airport
Toronto Airport Hotel
Steps from Pearson airport in Toronto, perfect for early flights or late arrivals. Free shuttle included.
Pearson Transit Hotel
Convenient overnight option near Toronto's main airport. Soundproofed rooms and 24-hour check-in.
Gateway Suites Toronto
Modern airport hotel near Pearson with complimentary parking for up to 7 days. Ideal for road trips.