5 Budget-Friendly Hostels in Munich: Best hostels in 2024!

Every globetrotter aims to tour Europe at least once in their lives. With its rich history, diverse culture, and appealing climate, it's a no-brainer. 

But traveling around Europe can get a bit pricey so finding the perfect hostel that fits your budget is the best solution. 

Why look for Hostels in Munich?

Famous for its annual Oktoberfest, Munich is the perfect mix of city-meets-countryside, not to mention the endless choices of food and beer! You'll have the time of your life exploring this Bavarian capital.

It's a dynamic international city and home to Germany's cultural symbol, the Oktoberfest. This comprehensive guide will give you the inside scoop on all things Oktoberfest.

Want to find out more about the hostels Munich has to offer? You can start packing and booking the perfect hostel for your next Bavarian adventure by referring to our list of hostels in Munich below.

What is the best part of Munich to stay in?

Now the big question is, "Where should I stay when I'm visiting Munich?" If you're trying to narrow your options, here's a little guide you can use to get a grip on Munich's neighborhoods.

Altstadt

Ask anyone who's ever been to the city, and they'll quickly tell you that Altstadt is where you should go if you want to be in the center of everything. Altstadt means "old town" in German, and as the name suggests, this area gives you a glimpse of Munich's unique mixture of the old and the new.

On the one hand, you'll witness some of the city's most famous landmarks like the Marienplatz plaza and the Hofbräuhaus, a historical beer hall. But then, areas like Theatinerstraße and Neuhauser Straße throb with a mixture of international and local retail stores. Be ready to shop 'til you drop!

Maxvorstadt

If you're a culture vulture, then you'll get your fill of exhibits and museums in this neighborhood. Known as the city's museum quarter, this is where the famous Pinakothek (art museum) of Munich resides. Feast your eyes on German art, artifacts, and more in this neighborhood.

Schwabing

No one's ever too old to fit in with the college crowd! This neighborhood is home to several universities, making it a popular haunt for students. Hip cafes, restaurants, and stores line the streets of this laidback neighborhood.

Schwabing is a standout area because of its long history of being the artistic and bohemian culture hub. You'll find historical architecture alongside modern structures when you wander the streets.

Haidhausen

With cobblestone streets filled with quaint cafes and lovely restaurants, Haidausen is a must! If you're looking to stay in a quieter neighborhood with a picturesque view right outside your doorstep, then this whimsical Haidausenis perfect for you.

The neighborhood is also home to the Gasteig, where you can watch the Munich Philharmonic Orchestra perform. Haidausen is the perfect location for an Instagram-worthy vacation!

Isarvorstadt

Of course, this list wouldn't be complete without mentioning where the party (and the Oktoberfest) actually happens in Munich! If you want to be at the center of the party, then Isarvorstadt is the place to be. Isarvorstadt buzzes with bars and clubs where you can party all night.

Home to the annual Oktoberfest, Isarvorstadt is a popular spot for anyone attending the event. Make sure you book as early as possible to snag the best hostel in Munich for Oktoberfest!

Best Hostels in Munich

Here are our top 5 hotels in Munich to help you get started on your upcoming trip:

1. Augustin Hotel

Don't let the word "hotel" fool you. With its proximity to some key places in Munich - you'll be surprised at how affordable it is to stay here! Theresienwiese is the venue for Oktoberfest, and it's just down the road.

You'll wake up feeling well-rested with Augustin's comfortable beds and clean sheets. Another bonus is that they serve breakfast. Not to mention that the Augustine is also highly accessible, with a train station located just a few steps away.

The Augustin covers all the bases - you can enjoy exceptional service without breaking the bank.

2. Euro Youth Hotel

What would a "best hostel in Munich" list be without this crowd favorite? Consistently ranked among the top hostels in Munich, it's perfect for anyone who wants to meet and connect with like-minded travelers while exploring the city.

Located in a historic building dating back to the 1800s, Euro Youth Hotel is a hot favorite because of its good vibes. For a simple and affordable place, it's surprising that the hostel offers a handful of amenities and facilities that add value to their guests' stay.

While you're there, make sure you don't miss out on their in-house bar and have a taste of the local beers. The bar is also famous for game nights and soccer match viewings!

3. Wombat's City Hostel Munich Hauptbahnhof

Looking for that hip and chic yet affordable accommodation? That's Wombats for you! Strategically located near some of the city's best nightlife spots, you'll love each day of your stay here!

The beautifully decorated rooms and common areas are one of the many reasons why this place ranks among the best in its league. Their rooms also feature private bathrooms, and even the dorms have separate facilities. So, you never have to worry about the long shower lines in the morning.

And if you think you haven't had enough of the Munich nightlife, you can continue the party at Wombats with their on-site bar's happy hour!

4. THE 4YOU Hostel & Hotel Munich

Here's another popular hostel among backpackers who are more into making memories and meeting new friends. It's a perfect budget accommodation for mostly out-and-about travelers. Thanks to its proximity to the Central Station and other major Munich stopovers, you won't have much trouble finding your way around. 

The rooms are clean and decent for their prices, so it makes sense why people love checking in here. Guests are also provided with lockers for their belongings as well as a whole lot of other great amenities. They have spacious dining areas where you can grab a bite and mingle.

Aside from its good location, 4 You also takes pride in being one of the only hostels serving Hofbräu, a famous Munich beer. Why not try a mug during your stay to complete the whole Munich experience?

5. CVJM Jugendhotel München

Want to go on a holiday in style but keep it budget-friendly? The recently renovated CVJM (YMCA) Jugendhotel might be just the place choice for you. With a common area that gives a very hip and trendy twist to the typical hostel, CVJM is a vibe. 

Guests have consistently mentioned how the new rooms are spacious and clean. CVJM is in a peaceful neighborhood, especially during the daytime. So, if you're planning to squeeze in some work or simply want extra me-time, you might want to consider this chilled spot.

As for the rooms, guests are digging their simple yet modern take on the classic dormitory-type hostel room. 

More than just the Oktoberfest

There are so many other reasons why Munich should be at the top of your travel list. We could go on and on for days!

Munich's cultural abundance is its main drawing card. As a city with over 800 years of history, it has become one of Germany's heritage hubs. Several famous museums are worth a visit, such as the Bavarian National Museum and Munich Residenz.

Aside from its rich culture, Munich's views are also breathtaking. For instance, just a quick drive away from the city center will transport you right into the sprawling greens of the Alpine mountains. Talk about getting the best of both worlds!

Munich's laidback culture is a great way to escape the daily hustle and bustle. It's the perfect mixture of modern living while staying authentic to its traditional German roots. 

Get your Munich trip planned as early as now!

Whether you're getting ready for Oktoberfest or simply want to explore the city, it's always best to get the ball rolling as early as you can. Score those plane tickets, book those rooms, and plan your OOTDs, so you don't have to worry about a thing.

Having a plan is the key to an ideal trip. And there's Pilot to help with that!