There are plenty of cheap guesthouses and hostels in Tokyo, including right in the center. They are also a great places to meet people and pick up some traveling tips or recommendations. Here are some of the best:
Khaosan Hostels
This well-known guesthouse chain has a variety of cheap and clean guesthouses in central locations. They all have their own unique atmosphere.
Price: Dorms from 2200 yen, private rooms from 3400 yen
Location: Asakusa
Booking:
- Asakusa Origami has a super cool atmosphere.
- Khaosan Tokyo Kabuki has the best reviews, but only dorms available.
- Khaosan World Asakusa Hostel is a newly built modern hostel.
Backpackers Hostel K’s House Tokyo
Two good guesthouses with a great reputation and reasonable prices. Both right in the heart of Tokyo.
Price: Dorms from 2800 yen, private rooms from 3000 yen
Location: In/near Asakusa
Booking: Booking.com
Tokyo Central Youth Hostel
A clean, reasonably priced hostel (especially if you are a Hostelling International Member) right bang in the center of Tokyo. Great for groups of people.
Price: From 3,360 yen (discount may be available for Hostelling International Members)
Location: Above Iidabashi station (JR and Metro lines), 10 minutes from Shinjuku and 5 minutes from Akihabara
Booking: Booking.com
Shrek Watta House
A nice guesthouse a short train ride from Shinjuku, with western and Japanese style tatami mat rooms. Run by a nice old man, this place has a nice open kitchen with loads of free travel resources.
Price: Private rooms from 2150 yen (cheaper the longer you stay)
Location: 24 minutes from Shinjuku
Booking: Guesthouse Website
Oak Hostel
More of a cheap hotel, this place has both dorms rooms and very basic but cheap private hotel-like rooms.
Price: Dorms from 2500 yen, private rooms from 3750 yen per person
Location: Between Ueno and Asakusa
Booking: Booking.com
Anne Hostel Asakusabashi
Free breakfast is provided at this nice hostel, which is a bit of the old and a bit of the new.
Price: Dorms from 2800 yen, private rooms from 3400 yen
Location: Near Ueno and Akihabara
Booking: Booking.com
Juyoh Hotel
A little bit away from the action, but the prices are really cheap.
Price: Private rooms from 3000 yen
Location: Near Ueno
Booking: Booking.com
Super Cheap Japan 
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