Even discount New York hotels can seem expensive if you're on a student budget. Eighty dollars a night is a bargain compared to what many visitors spend, but it can be a problem is you only have a few hundred dollars for a seven day trip. If you fall into this category, Central Park Hostel, for as little as $26 a night, is a remarkably cheap alternative.

When picking hotels in Manhattan, you can't get a better location than Central Park Hostel. Right next to Central Park, an island of tranquility in the world's busiest city, the hostel is also in walking distance of several museums and Columbia University. And you need only walk a couple blocks to reach two subway lines that can take you all over the city.

Is Central Park Hostel for Everyone?
Central Park hostel is geared toward international travelers. In fact, you need a foreign passport or international student ID to check in. So Americans seeking low priced accommodations need to explore other options, like the New York boutique hotels.

You also need to consider that the cheaper prices of hostels come with fewer luxuries than more traditional hotels. For the cheapest rates you often need to share a room. Nevertheless, you won't give up basic amenities like cleanliness and friendly service, which you might not find at many other hostels in the city.

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