There are a large number of budget hostels and guesthouses in Hong Kong. Most of them are situated in two buildings in the Tsim Sha Tsui area, which are extremely popular among budget travelers, Chungking Mansions and Mirador Mansion. These buildings house over 50% of all hostels that can be offered in Hong Kong, and have the excellent location on Nathan Road right opposite the MTR station, from where travelers are only minutes away from renowned shopping and tourist spots.
Also, there are a number of hostels in the following areas: Mong Kok, Jordan and Causeway Bay.
Flat 12A, 6/F, Alhambra Building, 385 Nathan Road, Jordan, Kowloon
Located at Alhambra Building in the Jordan area, Jin Xiang Hotel is just a few steps away from the area's tourist spots, the Jade Market. Also, it is within a short walking distance from the Jordan MTR station, which allows easily getting around Hong Kong. There are 17 guest rooms at this 1-star property.
18A, 6/F, Wing Wah Building, 24 Sai Yeung Choi Street, Mong Kok, Kowloon
Jinhai Hotel can be found at the center of Mong Kok, the core of the shopping district of Hong Kong's Kowloon area. It is a nice starting point of your traveling to Hong Kong. Close proximity to all that Hong Kong has to offer is the great reason you should stay at Jinhai Hotel.
11/F, Sincere House, 83 Argyle Street, Mong Kok, Kowloon
Located in Mongkok, Hong Kong, Johnson Hostel is a perfect starting point for exploring Hong Kong. Featuring a complete list of amenities, guests will find their stay at the property a comfortable one. Convenience and comfort make Johnson Hostel the perfect choice for your stay in Hong Kong.
9/F, National Court, 242 Nathan Road, Jordan, Kowloon
Conveniently located on the Nathan Road, Jordan Comfort Inn is a licensed guesthouse in the heart of Kowloon. The MTR station at the doorstep provides easy transportation around the city. Also, there are several attractions nearby, such as Temple Street, Jade Market and the vibrant area of Tsim Sha Tsui.
8/F, Harilela Mansion, 81 Nathan Road, Tsim Sha Tsui, Kowloon
Situated in Harilela Mansion on Nathan road, Just As Inn has a great location within minutes from many tourist places, such as Harbour City, Victoria Park, a couple of popular museums and shopping streets. Also, the convenient location helps guests to use all options of public transport in the city, including the MTR.
23 Lock Road, Tsim Sha Tsui, Kowloon
Just Inn is perfectly located in Tsim Sha Tsui, within 1 block from Nathan Road and couple of blocks from Harbour City, the major shopping complex of Hong Kong. The location provides to be in touch with many places of interest, such as Kowloon Park, Victoria Harbour, Star Ferry, a couple of themed museums and plenty of shops and shopping malls.
20/F, Far East Consortium Mongkok Building, 240-244 Portland Street, Mong Kok, Kowloon
Set in a prime location of Hong Kong, Kam Fu Guest House puts everything the city has to offer just outside your doorstep. All the necessary facilities, including Wi-Fi in public areas, elevator, family room, are at hand. The guesthouse offers 6 rooms.
B8, 5/F, Block B, Chungking Mansions, 36-44 Nathan Road, Tsim Sha Tsui, Kowloon
Kamal Deluxe Hotel is conveniently located in the popular Tsim Sha Tsui area. The location is ideal for both business and budget travelers to Hong Kong. The MTR station is right across the road and HK Island is only 1 MTR stop. Besides, there is a bus stop of A21 route from the airport just a few steps away.
B5, 6/F, Block B, Chungking Mansions, 36-44 Nathan Road, Tsim Sha Tsui, Kowloon
Kamal Inn is perfectly located for both business and leisure guests to Hong Kong. It is right on Nathan Road, the main shopping and leisure street in Kowloon, which provides great options for dining, shopping and entertainment. With the MTR station a few steps away, guests can easily reach many tourist areas in the city.
A9, 3/F, Mirador Mansion, 58-62 Nathan Road, Tsim Sha Tsui, Kowloon
The 1-star KG Garden Guest House offers comfort and convenience whether you're on business or holiday in Hong Kong. Both business travelers and tourists can enjoy the hotel's facilities and services. All the necessary amenities, including TV, free wifi and shower are at hand. With its prime location and affordable prices, it's a good choice for backpackers.

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