Best Budget Accommodations Close to Edinburgh Waverley

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Carolyn Osborne

Updated: 09 February 2024 · 5 min

Edinburgh is a city that captivates visitors with its stunning blend of ancient heritage and contemporary vivacity. Right in the heartbeat of this vibrant city is the Edinburgh Waverley Train Station, a major transport hub that conveniently connects travelers to the allure of Edinburgh's cobbled streets and its majestic castle. For those looking to immerse themselves in the city's charm without stretching their budgets, finding a cheap hotel nearby becomes an essential part of the travel plan.

Proximity to Waverley Station offers more than just transport convenience; it's a gateway to an array of affordable accommodations. These hotels provide a cost-effective base from which explorers can venture out to discover Edinburgh's rich tapestry of history, culture, and entertainment. Visitors can delight in the comfort of affordable lodging without sacrificing the ease of access to must-see attractions such as the Royal Mile, Holyrood Palace, and the vibrant Princes Street.

Smart travelers know the value of staying within a stone's throw of major transit points. Hotels near Edinburgh Waverley Train Station not only cater to budget-conscious guests but also offer the promise of reduced travel time and increased opportunities to explore. With our curated recommendations of cheap hotels in the vicinity, visitors are sure to find the perfect balance of comfort, convenience, and cost, ensuring a memorable stay in Scotland's enchanting capital.
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Our Top 9

(Sorted by rating & number of reviews)

1. Ibis Edinburgh Centre South Bridge - Royal Mile Hotel
2. The Baxter Hostel
3. Premier Inn Edinburgh City Centre
4. Citylivein Grove Street
5. Motel One Edinburgh-Royal
6. The Inn On The Mile
7. Holiday Inn Express Edinburgh - Royal Mile, An Ihg Hotel
8. High Street Hostel
9. Leonardo Royal Hotel Edinburgh

Budget-Friendly Comforts: Cheap Hotels Near Edinburgh Waverley Train Station

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Edinburgh
Mar 12, 2026 - Mar 13, 2026

Ibis Edinburgh Centre South Bridge - Royal Mile Hotel

7.8

Good

(8613 Reviews)

+ 146 photos
Ibis Edinburgh Centre South Bridge presents an affordable yet contemporary lodging experience for those aiming to stay centrally located. This hotel is synonymous with reliable comfort and stands just a short walk from the train station, making it an accessible haven for visitors. Guests can enjoy the convenience of on-site dining options and the cozy Sweet Bed by Ibis beds, which promise a restful night's sleep. With its blend of modern design, practicality, and proximity to local landmarks, the Ibis Edinburgh Centre South Bridge tailors to those who wish to explore Edinburgh without overextending their budget.
Address: 77 South Bridge
Rating: Good 7.8 (8613 Reviews)
Rooms: 259
Price: From 93$

The Baxter Hostel

7.3

Good

(2586 Reviews)

+ 48 photos
Placing an emphasis on individualized comfort and social spaces, The Baxter provides the lone adventurer with a boutique hostel experience. Situated within easy reach of Edinburgh Waverley, The Baxter's thoughtfully designed interiors create a cozy atmosphere that’s both chic and inviting. Solo travelers will appreciate the small dorms or private rooms, along with communal areas that are perfect for sharing experiences with fellow guests. With a warm staff ready to share their insider knowledge of the city, The Baxter is an urban haven for those venturing through Edinburgh alone.
Address: 5/2 West Register Street
Rating: Good 7.3 (2586 Reviews)
Rooms: 6
Price: From 122$

Value-Focused Retreats: Cheap Hotels Near Edinburgh Waverley Train Station

In Edinburgh's dynamic heart, there is a wealth of hotels that offer both value and convenience. This next section showcases a selection of accommodations that cater to visitors who prioritize fiscal prudence without sacrificing quality. Located within a brisk walk from Edinburgh Waverley, these hotels serve as the ideal base for discovering the city's cultural riches. Guests can look forward to amenities that typically include free Wi-Fi, comfortable rooms, and warm Scottish hospitality. The hotels featured here are ambassadors of value, providing an affordable stay that allows for greater spending on experiences and local delicacies.

Premier Inn Edinburgh City Centre

Families can expect the familiar quality and value of Premier Inn at the Edinburgh City Centre location. A brisk walk from Waverley Station, this hotel offers a stay that's both convenient and kind on the purse strings. The well-sized family rooms, comfortable beds, and option for kids to eat breakfast for free when accompanied by a paying adult are just a few reasons families flock here. The hotel's proximity to Edinburgh's top shopping stretches and historical sites means that entertainment for the whole family is always within reach.
Address: 44 York Place
Rooms: 127
Price: From 249$

Citylivein Grove Street

7.8

Good

(1467 Reviews)

+ 42 photos
Offering studio accommodations, CityLivein Grove Street is tailored to solo travelers desiring more solitude. Only a short distance from Waverley Station, these studios come complete with essential cooking facilities, en-suite bathrooms, and a study area, perfect for those also mixing travel with work. With its blend of privacy, practicality, and purse-friendly pricing, CityLivein ensures that solo guests can savor the delights of Edinburgh while maintaining personal space and comfort.
Address: 69 Groves Street
Rating: Good 7.8 (1467 Reviews)
Rooms: 321
Price: From 67$

Family-Friendly Bargains: Cheap Hotels Near Edinburgh Waverley Train Station

For those traveling with loved ones, finding accommodations that cater to families while adhering to a budget can be challenging. This section is devoted to hotels that satisfy both criteria, all within a short jaunt from Edinburgh Waverley. These hotels offer the comforts of home, such as family-sized rooms, child-friendly facilities, and that ever-needed Wi-Fi to stream family favorites. Beyond the necessities, you'll find welcoming staff who delight in making your family's stay as enjoyable as the city itself. The hotels featured here understand family dynamics and provide a cost-efficient solution for a memorable group stay.

Motel One Edinburgh-Royal

8.8

Good

(7995 Reviews)

+ 58 photos
Located a mere stone's throw away from the storied Waverley Station, Motel One Edinburgh-Royal is a champion of budget-friendly sophistication. This hotel offers a fusion of modern amenities and historic charm, as it sits nestled in a building steeped in Edinburgh's rich architectural legacy. Guests will enjoy the stylish yet affordable rooms that provide a restful retreat after a bustling day of sightseeing. With its close proximity to key attractions like the Royal Mile and Edinburgh Castle, Motel One fortifies its status as a prime choice for thrifty travelers seeking convenience and quality.
Address: 18 Market St, Edinburgh Eh1 1Bl, United Kingdom
Rating: Good 8.8 (7995 Reviews)
Rooms: 169
Price: From 151$

The Inn On The Mile

8.3

Good

(672 Reviews)

+ 167 photos
Perched on the historic Royal Mile, The Inn on the Mile offers an intimate boutique experience at a reasonable price. A ten-minute walk from the bustling Waverley Station, this hotel marries convenience with character, housing guests in a refurbished bank building. Each of the nine individually designed rooms is filled with charm and equipped with modern comforts. Guests rave about the personal touches, like the complimentary locally-sourced refreshments and interactive in-room technology. A stay here is a stay steeped in Scottish ambiance, all while keeping your wallet intact.
Address: 82 High Street, Royal Mile
Rating: Good 8.3 (672 Reviews)
Rooms: 9
Price: From 236$

Solo Traveler Sanctuaries: Cheap Hotels Near Edinburgh Waverley Train Station

The solo traveler often seeks a distinctive mix of affordability, convenience, and social interaction when selecting accommodations. In this section, we uncover hotels that tick all these boxes, offering a comfortable and welcoming environment that encourages mingling without blowing the budget. Each hotel is a hop, skip, and jump away from Edinburgh Waverley, giving individual travelers the freedom to explore as they please. From cozy single rooms to shared spaces designed for making connections with fellow wanderers, these hotels provide the perfect solo traveler retreat.

Holiday Inn Express Edinburgh - Royal Mile, An Ihg Hotel

8.1

Good

(4603 Reviews)

+ 103 photos
Conveniently situated just steps away from the Royal Mile and a short walk from Edinburgh Waverley, the Holiday Inn Express Edinburgh – Royal Mile is a favorite among family travelers. Offering spacious rooms that accommodate both children and adults comfortably, this hotel meets the needs of a family getaway. Complimentary breakfasts ensure a wholesome start to the day, and the friendly staff are always ready to help with tips for family-friendly outings. The combination of its strategic location and attentive service makes this hotel a perfect choice for visitors of all ages looking to explore Edinburgh on a budget.
Address: 300 Cowgate
Rating: Good 8.1 (4603 Reviews)
Rooms: 78
Price: From 83$

High Street Hostel

8.2

Good

(2380 Reviews)

+ 75 photos
Just a heartbeat away from Edinburgh's main railway station, High Street Hostel is the go-to for those seeking an economical yet comfortable sojourn. Set in a 16th-century building, it exudes a sense of history while offering a choice of dorms or private rooms to fit various budgets. Travelers can capitalize on the communal kitchen facilities to save on meals, along with a laid-back lounge area perfect for planning the day's explorations or unwinding after. Its blend of old-world charm and budget-friendly lodging guarantees a uniquely Edinburgh experience for backpackers and casual tourists alike.
Address: 8 Blackfriars St
Rating: Good 8.2 (2380 Reviews)
Rooms: 61
Price: From 24$

Leonardo Royal Hotel Edinburgh

8.4

Good

(4756 Reviews)

+ 148 photos
With a prime position on Jeffrey Street, mere minutes from Edinburgh Waverley, Jurys Inn Edinburgh affords guests a budget-friendly stay without scrimping on comfort. The rooms are known for their spaciousness and come equipped with free Wi-Fi, ensuring that guests stay connected with the world, or their itinerary. The convenient location places visitors within arm's reach of Edinburgh's highlights, while the hotel's own restaurant and bar provide a convenient spot to refuel. Jurys Inn remains a popular choice among travelers looking for a dependable and affordable base in Edinburgh's dynamic center.
Address: 43 Jeffrey Street
Rating: Good 8.4 (4756 Reviews)
Rooms: 186
Price: From 211$