Toronto is a vibrant city that attracts visitors from all over the world. It's known for its dynamic arts scene, luxury boutiques, showy nightclubs, eclectic culture, delicious food, and exciting draws. When it comes to accommodations, many luxury hotels offer top-notch conveniences and services, such as spas, fine dining restaurants, and rooftop bars. However, these hotels can often come with a high price tag, making them unaffordable for many travelers. Fortunately, many affordable options provide a luxurious experience without breaking the bank. Whether people are calling on a couple’s retreat or a fun weekend with friends, there’s a ton to keep them entertained. These hotels in Toronto offer a taste of the elite lifestyle with luxuries while being cheap and offering the best of a weekend away.

Related: The Ultimate Travel Guide To Toronto: When To Go, Budgeting, Foodie Tips & More

Executive Hotel Cosmopolitan, Downtown Toronto

City view of Toronto, Canada

Executive Hotel Cosmopolitan presents amenities, including personalized health and skincare remedies that will have people feeling revitalized. From the rooms' balconies, they admire the CN Tower or rediscover their internal peace on their yoga mats. They can head to the Wildfire Steakhouse & Wine Bar to have breakfast and dining while enjoying generous and inviting decor, with elevated ceilings and gentle lighting, along with its juicy menu, making it perfect for both a romantic dinner or a vital breakfast with friends.

City view of Toronto, Canada
Executive Hotel Cosmopolitan Toronto
7.8 / 10
Amenities
Spa and wellness center, Fitness center, Restaurant, Bar/Lounge, Room service, Free Wi-Fi, Tea/coffee maker, Business center
Price
$

Bond Place Hotel, Downtown Toronto

CN Tower, Toronto, Canda
Photo by Gaurav Kakria on Unsplash
CN Tower, Toronto, Canda

Set in the heart of downtown Toronto, between Yonge and Dundas Street, Bond Place Hotel is a contemporary hotel and a focal point for tourists and locals alike. Guests are only a few minutes from Yonge-Dundas Square, a big outdoor event space where they can marvel at the dancing fountains or witness a free concert. The hotel features sharp lines and well-placed furnishings displays, with rooms decorated in calming color schemes with fathers of teal or urban grey. Some rooms come with wine and chocolates for couples.

CN Tower, Toronto, Canada
Bond Place Hotel
5.2 / 10
Amenities
Restaurant, Room service, Coffee shop, Business center, Cable or satellite TV, Airport shuttle, Meeting/Banquet facilities, Wi-Fi Parking
Price
$

Related: 10 Toronto Neighborhoods To Visit Your First Time In The City

Pantages Hotel Downtown Toronto, Downtown Toronto

Streets of Kensington Market, Toronto Neighborhood
Photo by Jason Ng on Unsplash
Kensington Market, Toronto, Canada

Pantages Hotel offers views over downtown via floor-to-ceiling windows. At the hotel’s Stages Restaurant & Lounge, friends share a charcuterie platter with a drink of Freixenet Cava, full of modern couches and armchairs decorating the lounge area, and for the quieter vibe, there’s a library room. If one is celebrating a special occasion with their partner, they can spoil themselves with chocolate-covered strawberries and a bottle of wine. To live local's experiences, guests catch a ferry to the Toronto Islands, hike the nature trails, see the lighthouse, or play volleyball on the beach.

Streets of Kensington Market, Toronto Neighborhood
Pantages Hotel Downtown Toronto, downtown Toronto
8.3 / 10
Hotel Chain

Silver Hotel Group

Amenities
Fitness center, Restaurant, Bar/Lounge, Room service, Tea/coffee maker, Coffee machine, Business center
Price
$

Fairmont Royal York Gold Experience

Photo of Fairmont Royal York in Toronto, Ontario
Photo by Lianhao Qu on Unsplash
Photo of the lobby at the Fairmont Royal York in Toronto, Ontario,

People who choose at Fairmont Royal York Gold Experience stay in the heart of Toronto and discover its real energy. Located in the downtown center, the historic hotel is minutes from the city's outstanding attractions, including the CN Tower, Rogers Centre, the Eaton Centre, Ripley's Aquarium of Canada, and the famous Meridian Hall portraying arts venue. Guests can dine at the REIGN Restaurant Bar or at CLOCKWORK Champagne & Cocktails.

Photo of Fairmont Royal York in Toronto, Ontario
Fairmont Royal York Gold Experience
9.1 / 10
Hotel Chain

AccorHotels Group

Amenities
Indoor pool, spa/wellness center, fitness center, restaurant, room service, valet parking
Price
$$$

Related: Only Have One Weekend In Toronto? Here's How To Spend It

The Saint James Hotel, Downtown Toronto

Aerial view of Toronto, Canada
Photo by Maarten van den Heuvel on Unsplash
Aerial view of Toronto, Canada

As guests step into Saint James, they instantly feel the hotel’s distinctive boutique sense. The stylish lobby is decorated with black and white photos of vintage Toronto prints that evoke the city’s heritage, brown armchairs, and elegant white and silver furniture, loaning a touch of refinement. Guests can start their day at the downstairs Freshii café, lodged within the hotel, and catch a wrap, frozen yogurt, or smoothie to get fuelled and energized for their day before checking out at Lawrence Market for freshly-cooked meals and local wines and cheeses.

Aerial view of Toronto, Canada
The Saint James Hotel Ascend Hotel Collection
8.2 / 10
Hotel Chain

Choice Hotels

Amenities
Restaurant, Free Wi-Fi, Coffee machine, Flat-screen TV, Free toiletries, Parking, Pets allowed
Price
$

Chelsea Hotel, Toronto

Exterior of Marriott Downtown at CF Toronto Eaton Centre
Marriott Downtown at CF Toronto Eaton Centre
Exterior of Marriott Downtown at CF Toronto Eaton Centre

Chelsea Hotel is only a five-minute drive from CF Toronto Eaton Centre. It features a rooftop terrace, 2 indoor pools, and 2 restaurants where guests can grab a scrumptious dinner to eat or unwind with a drink at the bar/lounge. Travelers like the location for the beautiful sightseeing and because it's only a short walk to the station.

Exterior of Marriott Downtown at CF Toronto Eaton Centre
Chelsea Hotel Toronto
7 / 10
Amenities
Indoor pool, Fitness center, Restaurant, Bar/Lounge, Free Wi-Fi, Tea/coffee maker, Coffee shop
Price
$

Pan Pacific, Toronto

cn tower in toronto
Javen / Shutterstock.com
cn tower in toronto

At the Pan Pacific, visitors get up close to nature, take a walk, or ask the concierge for a running lane. People looking for some tranquillity lounge by the outdoor pool, soak in the hot tub, or play golf at the adjacent course. They can also dine at the on-site Asian-inspired restaurants featuring the Katsura Japanese restaurant or the Gilaneh Persian restaurant, where they can savor a great Mahicheh alongside the Gilaneh Special martini.

City view of Toronto, Canada
Pan Pacific Toronto
7.8 / 10
Hotel Chain

UOL Group Limited

Amenities
Outdoor pool, Fitness center, Restaurant, Bar/Lounge, Room service, Free Wi-Fi, Tea/coffee maker, Coffee machine, Business center
Price
$

One King West Hotel & Residence, Downtown Toronto

CN Tower Night View Toronto
Photo by Juan Rojas on Unsplash
View of the CN Tower in Toronto at night

One King West Hotel & Residences is found at the corner of King and Yonge Streets and features luxury studios and suites that cater to friends looking for a weekend escape or a utopian city break.

The hotel’s modern, refined set matches its service, with shady furnishings torched up by colorful walls and a surplus of natural light. Guests who are in the mood for a drink should try Teller’s Bar, located in the lobby, and try the kale Caesar salad or choose one of their artisanal pizzas. A short stroll from the hotel is the Harbourfront Centre, a beautiful cultural site.

CN Tower Night View Toronto
One King West Hotel and Residence
8.4 / 10
Amenities
Fitness center, Restaurant, Bar/Lounge, Room service, Free Wi-Fi, Coffee machine, Coffee shop, Valet parking, Business center
Price
$

Alt Hotel Toronto Airport, Mississauga/Toronto Airport

Toronto Pearson International Airport
Shutterstock
Toronto Pearson International Airport

Whether people plan to travel on a cheerful adventure or a relaxing escape, the Alt Hotel Toronto Airport caters to couples and friends alike. This hotel is perfect for people who want to book luxurious yet affordable accommodation near Toronto Airport. The suites are furnished in a contemporary, easy style with brilliant hints. At the end of a long day, they can rest in the Italian-designed armchair. The Altcetera food counter is open 24 hours a day for people craving a midnight snack. They can choose from a variety of tasty, ready-to-eat plates, all crafted by a local caterer using fresh ingredients.

Toronto Aerial View
Alt Hotel Toronto Airport
8.4 / 10
Amenities
Fitness center, Restaurant, Bar/Lounge, Free Wi-Fi, Coffee machine, Free airport shuttle, Business center
Price
$

Related: Toronto: 10 Best Things To Do In Winter

Novotel Toronto North York, North York

Toronto´s colorful sign in downtown.
Photo by Maarten van den Heuvel on Unsplash
Toronto´s colorful sign in downtown.

At the Novotel Toronto North York, guests Stare out at the city through their room's windows to get motivated for a full day of downtown adventure. This cheap hotel is just a two-minute walk to the North York Centre subway station to head downtown in less than 30 minutes. For those who desire an activity close by, they can walk one block and catch a show at the Toronto Centre for the Arts. This exquisite venue features stages and hosts theater performances and musical shows that emphasize the city’s cultural diversity. For dinner, guests can dine at the hotel’s Trio restaurant, with a modern ambiance projected by elegant black tables, contemporary white chairs, and funky globe lamps.

Toronto´s colorful sign in downtown.
Novotel Toronto North York
7.5 / 10
Hotel Chain

The Accor Group

Amenities
Indoor pool, Fitness center, Restaurant, Bar/Lounge, Room service, Free Wi-Fi, Coffee machine, Coffee shop, Business center
Price
$