Hostel Description: Situated appropriately on the east bank of the Vltava river, the River Bank Hostel offers simple accommodations in a beautiful area.

Hostel Description: Offering small dorms and privates with shared bathrooms in a tucked-away location, Prague's Heaven is a good choice for travelers looking for peace and quiet.

The Basics: Sokolska Youth Hostel
Guests at Prague's Sokolska Youth Hostel will surely appreciate its central location in the Nove Mesto, a short walk from Wenceslas Square.

The Basics: Hostel Orange
Located on Wenceslas Square directly across the busy boulevard from the pricier Hotel Europa, the Hostel Orange offers accommodations ranging from private doubles to 16-bed dormitories.

Hostel Description: In between Charles Square and the Vltava River, Prague Lion Hostel offers well-kept dorms and privates at reasonable rates for its location.

The Basics: Sir Toby's Hostel
Though slightly far-flung, Sir Toby’s Hostel in the on-the-rise Holešovice 'hood has enough easy charm to bring guests away from center city.

The Basics: Hostel Rosemary
Close to both Old Town and Wenceslas Squares, the Hostel Rosemary is a convenient and well-equipped option in Prague.

Hostel Description: The Gallery Hostel Prague provides a mini art museum along with your bed—the hostel is named for the original artwork hanging in the rooms.

The Basics: Miss Sophie's
Located in Nove Mesto, adjacent to Charles University, Miss Sophie's offers practical accommodations with boutique stylings for a wide range of travelers.

The Basics: Atlas Hostel: Located just south of Wenceslas Square, the Hostel & Pension Atlas has rooms for up to thirteen guests.

Hostel Description: A short walk away from Wenceslas Square, the Hostel Advantage is a clean and bright hostel with an attached restaurant and beer garden.

The Basics: Hostel Emma
The Hostel Emma is popular with backpackers, students, and bargain hunters.