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How to Find Cheap Places to Stay: Airbnb Vs Hostel Budget (Budget Picks & Real Costs)

✎ RoamLight Editorial📅 2026-01-01⏰ 7 min read

Choosing between an Airbnb and a hostel can be one of the most critical decisions in your travel planning, especially when you're on a budget. With travelers flocking to vibrant cities like Buenos Aires and Barcelona, understanding the costs, benefits, and social dynamics of each accommodation type can significantly impact your experience. In this guide, I’ll break down the costs you can expect, the pros and cons of both options, and share some insider tips to help you stretch your travel budget further in 2026.

How Much Does a Hostel Cost in Buenos Aires?

When it comes to budget accommodations, hostels in Buenos Aires can be a fantastic deal. For example, a bed in a shared dorm at the popular Milhouse Hostel in the Microcentro district will set you back about 4,000 ARS (around $11 USD) per night. This price includes access to communal areas, free Wi-Fi, and often breakfast, making it an economical choice for solo travelers or those who plan to spend most of their time exploring the city.

Airbnb Prices in Buenos Aires: Is It Worth It?

If you’re considering an Airbnb in Buenos Aires, a studio in the trendy Palermo neighborhood averages around 12,000 ARS ($33 USD) per night. While this is more expensive than a hostel bed, if you're traveling with friends, it can be cost-effective. For instance, a two-bedroom apartment in Recoleta could cost about 25,000 ARS ($67 USD) a night. Split between four people, that comes down to just 6,250 ARS ($17 USD) per person, plus you’ll have access to a kitchen, allowing you to save on meals by cooking.

Cost Breakdown: Hostel vs. Airbnb

Item Approx Cost Notes
Hostel Dorm Bed (Buenos Aires) 4,000 ARS / $11 USD Shared with other travelers, includes Wi-Fi
Airbnb Studio (Buenos Aires) 12,000 ARS / $33 USD Private space, kitchen access
Two-Bedroom Airbnb (Recoleta) 25,000 ARS / $67 USD Great for groups, lower cost per person
Breakfast at Hostel Included Usually free with stay
Meal (Local Restaurant) 1,500 ARS / $4 USD Budget-friendly options available
Transportation (Metro Ticket) 100 ARS / $0.27 USD Affordable and efficient

Social Life: Hostels vs. Airbnbs

One of the biggest advantages of staying in a hostel is the social atmosphere. Hostels like Selina in Barcelona host activities that bring travelers together, such as free yoga classes or happy hour drinks starting at just 4 EUR ($4.20 USD). These communal experiences can lead to friendships and shared adventures, which are often a highlight of budget travel.

In contrast, while Airbnbs offer privacy and comfort, they can lack that communal vibe. In neighborhoods such as El Born, where many Airbnbs are located, you might find yourself surrounded by tourists but without the built-in networking that hostels provide. If making friends is on your agenda, consider staying a few nights in a hostel first to meet fellow travelers before transitioning to an Airbnb for a more restful experience.

How to Save Money on Accommodations

Regardless of whether you choose a hostel or an Airbnb, there are several strategies you can employ to save money. Here are some tips:

What to Expect in Different Cities

In cities like Lisbon, budget options are plentiful. For instance, Lisbon Destination Hostel near the Rossio train station offers private rooms for around 30 EUR ($32 USD). This location is ideal for accessing public transit and attractions like the iconic Tram 28, making it a practical choice for budget travelers.

If you’re planning to explore Europe, keep in mind that hostel prices can vary significantly. In cities like Berlin, a bed in a dorm might cost around 25 EUR ($27 USD), while an Airbnb studio may average around 70 EUR ($75 USD). Always weigh the costs against the amenities offered and the social opportunities available.

Are Hostels Safe for Solo Travelers?

Yes, many hostels have security measures in place, such as lockers and 24-hour reception. However, always read reviews and choose reputable hostels to ensure your safety.

Can You Find Private Rooms in Hostels?

Absolutely! Many hostels offer private rooms at a reasonable price. This is a great compromise if you want some privacy but still enjoy the hostel’s social atmosphere.

Is Booking an Airbnb Cheaper Than a Hotel?

In many cases, yes! Airbnb can be significantly cheaper than hotels, especially if you’re staying for a longer duration or traveling with a group.

Insider Tip: Consider mixing your accommodation types! Start your trip in a hostel to meet fellow travelers and transition to an Airbnb later for a more comfortable experience as you settle into your destination.

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