10 Best On Budget Hotels in Milan in 2024

a restaurant, café, bar-4857484.jpg

I know how difficult finding cheap accommodation in a big city like Milan can be. I want to save you some time, so I did the digging for you! Below is the list of the 10 best budget hotels in Milan + the link to the best hostel in Milan!

Milan is an expensive travel destination. For a decent hotel in a good location, you will pay roughly 200eur per night. Multiply that by the number of days staying and you will quickly see most of the money you will spend on your trip will be for accommodation.

What if I tell you you can find some great hotels and accommodations in Milan on a budget? This way, you will be able to save some money and spend it on amazing activities and dinners and enjoy the city to the fullest.



Most of the budget hotels in Milan are located around Milan Central Station, which is great. The location is ideal for exploring the city with two metro lines and several tram lines nearby that take you to the city center.

Below is the list of the 10 best budget hotels in Milan. To book a stay or compare prices, simply click on the buttons under each hotel. Best hostel is under number 10 🙂

1. Ibis Hotel Milano Centro

Hotel Ibis Milan Centro

Price: €€€
Rate on Booking.com: Good (7.5/10)
Location: Milano Centrale/Reppublica

Ibis Milano Centro is one of the many Ibis chain hotels in Milan. The location is outstanding, only 350m from Reppublica metro station and 15 min walk to Milano Centrale. Ibis Milano Centro offers soundproof rooms with free wifi, 24h front desk service, and continental breakfast – included in the room cost.

I have never had a bad experience when staying with Ibis, and I’ve stayed with them a lot, for example in Edinburgh, Zürich, Brussels,Vienna, and Lugano. They’re my number one if you want to stay in a hotel on a budget and don’t mind a modern design that could fit into any city. If you’re instead looking for a cheap hotel in Milan with character, read further.

Other Ibis Hotels in Milan:

2. Hotel Milano Navigli

Cheap hotels in Milan - Hotel Milano Navigli

Price: €€
Rate on Booking.com: Very Good (8.2/10)
Location: Navigli

The Hotel Milano Navigli is one of the best-located cheap hotels in Milan. Right on Piazza XXIV Maggio, the location will give you a true experience of living in the center of Milan. Duomo is reachable within 15 min on foot, and Navigli is only a short walk away. Hotel Milano Navigli offers modern equipped rooms with Wifi, a private terrace, 24h front desk, and a delicious breakfast buffet.

Several of my friends have stayed at Hotel Milano Navigli and were super satisfied with the service. The only downside of this cheap hotel option in Milan is that it is often booked way in advance.

3. Hotel Zara Milano

Price: €€
Rate on Booking.com: Very Good (8.2/10)
Location: Zara

If you don’t mind staying a bit further out of the center (10-15min by metro to Duomo), Hotel Zara Milano is another super option on a budget. The accommodation is modern with rooftop views of the city of Milan, a beautiful terrace, and helpful front desk service. The Zara metro station is only 2min walk away. The booking however does not include breakfast. You can add it to your stay for only 7€.

4. IQ Hotel Milano

Price: €€€
Rate on Booking.com: Superb (9.0/10)
Location: Milano Centrale

Now, this is another great and extremely modern hotel. Overlooking Milan Central station, IQ hotel Milano offers everything you might need, including its own gym, breakfast buffet, and spa, already included in the price. Perfect for business or leisure travel. Plus points for breakfast choices, which also include an American breakfast and a full English breakfast! The hotel also offers a shuttle service to and from the nearby airports.


5. Biocity

Price: €€
Rate on Booking.com: Fabolous (8.7/10)
Location: Milano Centrale – Sondrio

Biocity is one of the best-rated and highly recommended cheaper hotels in Milan. The hotel is located in an elegant villa from the 1920s, just north of Milano Centrale. Biocity Hotel is famous for its exclusive use of biomaterials and eco-friendly technologies. The rooms are modernly equipped. What is amazing is the breakfast offer. Biocity offers continental and typical Italian breakfast, but also vegetarian, vegan, and gluten-free breakfast choices!

6. Lancaster Hotel

Lancaster Hotel

Price: €€€
Rate on Booking.com: Superb (9.0/10)
Location: City Life Milano

The Lancaster Hotel comes at a slightly higher price, but you can sometimes catch dates when the price lowers! Giving off British vibes, this lovely hotel is located in a super safe and one of my personal favourite areas between Parco Sepmione and City Life. Just 15min walk and you will be in Duomo. Lancaster Hotel offers fabulous rooms with 24h service, help with purchasing metro tickets, a terrace for late-night drinks, and much more. The hotel is recommended for everyone traveling in pairs.

7. Hotel Panizza

Price: €€
Rate on Booking.com: Very Good (8.1/10)
Location: Washington – Sant’Ambrogio

Hotel Panizza’s uniqueness is that the hotel is part of a residential building with charming balconies. It’s located in proximity to Milan’s Church of Santa Maria Delle Grazie, where you can admire the Last Supper by Leonardo da Vinci. With decorated ceilings and original wooden floors, the hotel offers several rooms with air conditioning, flat-screen TV, and great breakfast options. 

8. Hotel Charly

Price: €€
Rate on Booking.com: Very Good (8.4/10)
Location: Porta Venezia

Hotel Charly is perfect for anyone who wishes for a calm stay within the green surroundings in the heart of Milan. The location is perfect to reach Duomo – from Lima metro station it only takes 4 stops to Piazza Duomo. Hotel Charly offers cozy room decor with a private garden, perfect for breakfast or relaxation after a long day of exploring.

9. Piranesi 246

Price: €€
Rate on Booking.com: Fabulous (8.6/10)
Location: Porta Vittoria/City Center

If you want to treat yourself to some luxury at an affordable price, Piranesi 246 is the place to go. The complex offers full apartments instead of rooms, all equipped with modern furnishings and a kitchen. You can choose to go to a rooftop swimming pool, sweat in their fitness center, or enjoy a view from the terrace. Their cheapest apartment comes at around 150eur per night, a fair deal for all the amenities Piranesi 246 provides!

10. Best Hostel in Milan - New Generation Hostel

Price: €€
Rate on Booking.com: Pleasant (6.6/10)
Location: Navigli

It’s hard to find a good hostel in Milan. New Generation Hostel offers all – safety, a great location (7min walk to Navigli), 24h front desk, its own bar, and stylish and clean rooms.

If you’re traveling in a group you can request a room together (a group of my friends has done so), likewise, the hostel offers an option to choose a female-only room. You can choose a specific room type at the booking.

Hint: If the New Generation Hostel in Navigli is booked for your desired dates, you can instead stay at their other hostel in the fashionable Brera. Click here to BOOK NEW GENERATION HOSTEL MILAN BRERA


In case you haven’t found what you’re looking for from the list of cheap hotels above, you can search directly from the map below


I hope to have helped you narrow down the selection of cheap hotels in Milan!

Now that you have your accommodation in Milan booked, you can read this Ultimate Milan Three-Day City Guide.


Hi, it's Neja

I am an expat from Slovenia,
 living in Milan since 2021 and writing a travel blog for all of you who are curious about life in Italy or traveling in Europe.

Follow me on my journey and learn everything about Italy and the European destinations.

Popular Posts

Recent Reads


Scroll to Top