Best Cheap Hotels Near Wenceslas Square, Prague

We checked thousands of reviews on and to find the best hotels for your stay
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Shannon Guerrero

Updated: 27 January 2024 · 5 min

Welcome to the enchanting city of Prague, where history and beauty unite to create an unforgettable travel experience. As you venture through this captivating destination in the very heart of the Czech Republic, you'll find an array of charming accommodations to suit every budget. If you're on the lookout for affordable options, fear not, as we have curated a guide specifically for finding cheap hotels in Prague near Wenceslas Square. This bustling area, known for its lively atmosphere and historical significance, is the perfect location to base yourself during your Prague exploration.

Located in the New Town district, Wenceslas Square is a hub of activity day and night. This vibrant and pulsating area is not only home to renowned attractions such as the stunning National Museum and the iconic St Wenceslas Statue but also boasts a wide range of accommodation options that won't break the bank. From budget-friendly guesthouses and well-appointed hostels to cozy family-run hotels, you'll find plenty of choices just a stone's throw away from the square. Rest assured, even with cheap hotels in Prague near Wenceslas Square, you won't have to compromise on convenience or comfort.

Choosing to stay near Wenceslas Square not only grants you easy access to some of Prague's top landmarks but also rewards you with an authentic local experience. Surrounding the square, you'll discover bustling streets lined with trendy cafes, traditional Czech restaurants, and quaint boutiques. If you're a fan of nightlife, Wenceslas Square comes alive after dark, offering a myriad of bars and clubs for an unforgettable evening. And with the city's efficient public transportation system, you can easily explore other popular attractions like Prague Castle and Charles Bridge from your conveniently located cheap hotel in Prague near Wenceslas Square.
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Our Top 10

(Sorted by rating & number of reviews)

1. Numa I Libusa Apartments
2. Hostel Bohemia
3. The Madhouse Prague Hostel
4. Sophie'S Hostel
5. Elysee Hotel
6. Hotel Harmony
7. Plus Prague
8. Clementin Hotel
9. Hotel Salvator
10. Hotel Legie

Budget-Friendly Guesthouses near Wenceslas Square

Check Availability

Prague
Mar 20, 2026 - Mar 21, 2026

Numa I Libusa Apartments

9.2

Good

(1034 Reviews)

+ 90 photos
Hotel Sunrise, situated near Wenceslas Square, offers budget-conscious travelers a comfortable stay without compromising on quality. The rooms are well-appointed and feature modern amenities for a pleasant stay. The friendly staff at Hotel Sunrise is always ready to assist guests with their needs, ensuring a memorable experience. With its affordable rates and convenient location, Hotel Sunrise is an excellent choice for those seeking cheap accommodation near Wenceslas Square.
Address: Ke Karlovu 19
Rating: Good 9.2 (1034 Reviews)
Rooms: 21
Price: From 99$

Hostel Bohemia

7.3

Good

(562 Reviews)

+ 19 photos
Hotel Bohemia, nestled just a short walk away from Wenceslas Square, is a charming guesthouse known for its warm and welcoming ambiance. With comfortable rooms and modern amenities, this budget-friendly hotel provides an excellent value for money. The friendly staff at Hotel Bohemia goes above and beyond to ensure a pleasant stay, making it a great choice for travelers seeking a cozy and affordable option near Wenceslas Square.
Address: Podebradska 540/26
Rating: Good 7.3 (562 Reviews)
Rooms: 266
Price: From 17$

Affordable Hostels near Wenceslas Square

In this section, we will explore a selection of affordable hostels that are ideally located near Wenceslas Square. These hostels provide budget travelers with a comfortable and social atmosphere, making it easy to meet fellow travelers and explore all that Prague has to offer without breaking the bank.

The Madhouse Prague Hostel

8.9

Good

(283 Reviews)

+ 31 photos
The MadHouse Prague is a popular choice among budget travelers, offering dormitory-style accommodation and a vibrant social atmosphere. Located just a short walk from Wenceslas Square, this hostel provides a comfortable bed, communal areas for socializing, and a range of amenities to make your stay enjoyable. With its affordable rates and friendly staff, The MadHouse Prague is a fantastic option for those seeking a lively hostel near Wenceslas Square.
Address: Spalena 102/39
Rating: Good 8.9 (283 Reviews)
Rooms: 36
Price: From 64$

Sophie'S Hostel

8.6

Good

(1075 Reviews)

+ 112 photos
Sophie's Hostel, located just steps away from Wenceslas Square, offers affordable dormitory-style accommodation with a cozy and welcoming atmosphere. The rooms are clean, comfortable, and equipped with essential amenities to ensure a pleasant stay. The hostel also organizes social events and provides a communal kitchen for guests to use. With its convenient location and budget-friendly rates, Sophie's Hostel is an excellent option for budget travelers seeking a sociable and affordable stay near Wenceslas Square.
Address: Melounova 2
Rating: Good 8.6 (1075 Reviews)
Rooms: 89
Price: From 76$

Cozy Family-Run Hotels near Wenceslas Square

In this section, we will explore a selection of cozy family-run hotels near Wenceslas Square. These hotels offer a warm and personal touch, ensuring a homely atmosphere for guests seeking affordable accommodations in the heart of Prague.

Elysee Hotel

8.4

Good

(5685 Reviews)

+ 151 photos
Hotel Elysee is a boutique hotel situated in a prime location near Wenceslas Square. This hidden gem combines affordability with elegance, offering stylishly decorated rooms and excellent service. Guests can enjoy a complimentary buffet breakfast in the hotel's stylish dining area. With its intimate atmosphere and convenient location, Hotel Elysee is a perfect choice for those seeking a unique and affordable stay near Wenceslas Square.
Address: Vaclavske Namesti 43
Rating: Good 8.4 (5685 Reviews)
Rooms: 63
Price: From 114$

Hotel Harmony

8.3

Good

(2783 Reviews)

+ 123 photos
Hotel Harmony, a family-run hotel located near Wenceslas Square, offers a cozy and welcoming environment for budget-conscious travelers. The rooms are comfortably furnished, and the attentive staff ensures that guests have a pleasant stay. The hotel's peaceful courtyard provides a tranquil spot to unwind after a day of exploring Prague. With its affordable rates and personalized service, Hotel Harmony is a hidden gem for those seeking a warm and family-run hotel near Wenceslas Square.
Address: Na Porici 31
Rating: Good 8.3 (2783 Reviews)
Rooms: 59
Price: From 134$

Hidden Gems near Wenceslas Square

In this section, we will uncover some hidden gems – unique accommodations near Wenceslas Square that offer a blend of affordability, character, and charm. These hotels provide a distinct experience for travelers seeking something beyond the conventional options.

Plus Prague

8.0

Good

(12147 Reviews)

+ 159 photos
Situated within easy reach of Wenceslas Square, Plus Prague Hostel offers budget travelers comfortable and affordable accommodation. The hostel features a range of room options, from dormitories to private rooms, all equipped with modern amenities. With a swimming pool, sauna, and bar on-site, Plus Prague Hostel provides a social and relaxed environment for guests to enjoy. If you're looking for an affordable and well-connected hostel near Wenceslas Square, Plus Prague Hostel is a great choice.
Address: Privozni 1
Rating: Good 8.0 (12147 Reviews)
Rooms: 592
Price: From 36$

Clementin Hotel

9.2

Good

(884 Reviews)

+ 110 photos
Hotel Clementin, nestled in a historical building just a short stroll from Wenceslas Square, offers a blend of affordability, history, and charm. The rooms feature original 14th-century ceilings and modern amenities, creating a unique and comfortable atmosphere. The hotel's central location allows easy access to Prague's major attractions. With its distinctive character and affordable rates, Hotel Clementin is a hidden gem for travelers seeking an authentic and memorable experience near Wenceslas Square.
Address: Seminarska 4
Rating: Good 9.2 (884 Reviews)
Rooms: 9
Price: From 75$

Hotel Salvator

8.5

Good

(4217 Reviews)

+ 73 photos
Located in a historic building near Wenceslas Square, Hotel Salvator offers a unique stay with its beautifully restored interiors and historic charm. The rooms are tastefully appointed and feature modern amenities in an elegant setting. The hotel's rooftop terrace provides panoramic views of Prague's skyline. With its blend of affordability and character, Hotel Salvator is a hidden gem for travelers seeking an authentic and memorable stay near Wenceslas Square.
Address: Truhlarska 10
Rating: Good 8.5 (4217 Reviews)
Rooms: 39
Price: From 157$

Hotel Legie

7.4

Good

(2097 Reviews)

+ 119 photos
Hotel Legie is a welcoming family-run hotel located within a short walking distance from Wenceslas Square. This charming hotel offers comfortable rooms, friendly service, and a cozy atmosphere. Guests can enjoy a delicious breakfast in the on-site restaurant before heading out to explore the city. With its affordable rates and personalized attention, Hotel Legie is an excellent choice for families and budget travelers seeking a cozy stay near Wenceslas Square.
Address: Sokolska 33
Rating: Good 7.4 (2097 Reviews)
Rooms: 55
Price: From 50$