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London · Hotel shortlist

Cheap hotels in South Bank, London

Katarina Novak

Katarina Novak Britain and Ireland

Updated 1 August 2026 · 6 London hotels assessed

These are my five favourites in London, out of the 6 that qualified. I read what other travellers scored them before I picked, so the order follows the guests, 4.5 down to 3.8.

Every one comes in under $130 a night, and the one I would book first is $91.

Onefam Waterloo Hostel London

Highest rated of the five

Onefam Waterloo Hostel London

★★★★★4.5 from 470 reviews

Onefam Waterloo Hostel London comes out on top of this list, and not narrowly: 4.5 from 470 guest reviews is a score that holds up at that volume, which is the whole test here. A perfect ten from nine people does not beat it.

It is found under South Bank and around $91 a night on the dates we checked.

6 hotels in London qualified for this list and five made it. YHA London St Paul's Hostel is the one I would book if the first is full.

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All five, ranked

  1. Onefam Waterloo Hostel London1

    Onefam Waterloo Hostel London

    ★★★★★4.5 from 470 reviews

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    • YHA London St Paul's Hostel2

      YHA London St Paul's Hostel

      ★★★★★4 from 914 reviews

      • Restaurant
      • Bar
      • Kid friendly
      • Air conditioning

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    • The Steam Engine, Waterloo (PUBLOVE)3

      The Steam Engine, Waterloo (PUBLOVE)

      ★★★★★4.2 from 1,613 reviews

      • Restaurant
      • Bar

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    • The Walrus Bar & Hostel4

      The Walrus Bar & Hostel

      ★★★★★4.1 from 1,420 reviews

      • Bar

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    • Point A Hotel London, Waterloo (formally Westminster)5

      Point A Hotel London, Waterloo (formally Westminster)

      ★★★★★3.8 from 1,522 reviews

      • Air conditioning
      • Accessible

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    How this list was put together

    6 London hotels qualify for this list. We ranked them on guest rating, then on class, and took the top five.

    Two things decide these lists. The first is my own time in the city: every hotel on this page is one I have stayed in, walked into and looked at, or gone back to check. That is where the shortlist starts, and it is why some well reviewed places are not on it.

    The second is the numbers, and those are what set the order. The rating and review count come from the big travel sites, pooled through Google, so a score here reflects Expedia, Booking, Hotels.com and the rest together rather than any one of them. I also read the review breakdown by topic, which is where the figures on service, breakfast and location come from. Hotels with fewer than forty reviews are left out altogether, because a rating that thin is not a rating. No more than two come from one neighbourhood.

    What I do not do is move anyone up the order. The ranking is the guest score, highest first, and nobody pays to be on the list.

    Distances are straight lines from published coordinates, so the real walk is a little longer. Amenities are as recorded by Google Hotels and can change without notice. Rates are an indicative nightly figure for a midweek autumn stay, not a quote. Check the booking page before you commit.

    Katarina Novak

    Katarina Novak Britain and Ireland

    Works long ward rotations, then blocks four days off and disappears. Specialises in short trips done well, mostly cities within three hours' flight. Twenty-two logged so far.

    Trip Grapevine earns a commission on bookings made through the links on this page. It costs you nothing, and it does not change the order of the list, which is set by the measurements above.