Hong Kong is a city that never sleeps, and one of its most captivating features is its vibrant night markets. From the bustling Temple Street Night Market to the colorful Ladies’ Market in Mong Kok, these lively spots are where locals and tourists gather to shop, eat, and experience the true heartbeat of the city after dark. If you’re planning to explore Hong Kong’s famous street food stalls, bargain stalls, and neon-lit streets, staying nearby can save you time, money, and energy. Fortunately, you don’t have to spend a fortune to stay close to the action—there are plenty of cheap hotels and hostels offering comfort, convenience, and value.

Below, we’ve rounded up some of the best Cheap Hotels and Accommodation in Hong Kong near the city’s iconic night markets.

1. Yesinn @ Yau Ma Tei

Located just steps from Temple Street Night Market, Yesinn is a favorite among budget travelers. The hostel offers both dormitory-style and private rooms, making it flexible for different budgets. Guests enjoy free Wi-Fi, clean rooms, and a cozy lounge area. The location is unbeatable for anyone who wants to dive right into the street food scene.

Best for: Backpackers and solo travelers seeking affordability near Temple Street.

2. Hotel Ease Mong Kok

Hotel Ease Mong Kok is conveniently located near Ladies’ Market, one of the busiest night markets in Hong Kong. This budget-friendly hotel offers compact but stylish rooms with modern amenities like air conditioning, flat-screen TVs, and free Wi-Fi. Its location near Mong Kok MTR station makes exploring other parts of the city easy as well.

Best for: Travelers who want a balance of comfort, affordability, and access to shopping.

3. Hop Inn on Mody

A trendy budget hostel located in Tsim Sha Tsui, Hop Inn on Mody is just a short distance from Temple Street and the bustling Nathan Road. Known for its artistic interiors and friendly vibe, this hostel provides dorms and private rooms at reasonable prices. Guests love the rooftop terrace, perfect for relaxing after exploring the city.

Best for: Young travelers looking for affordable style and social atmosphere.

4. Temple Street Hotel

As its name suggests, Temple Street Hotel is located right next to Temple Street Night Market. Rooms are basic but clean, equipped with air conditioning, Wi-Fi, and private bathrooms. The unbeatable location allows you to step out of the hotel and instantly immerse yourself in the energy of the night market.

Best for: Budget travelers who want maximum convenience.

5. Minimal Hotel Culture

Situated in Mong Kok, this hotel lives up to its name with clean, minimalist rooms at affordable prices. It’s located near Ladies’ Market, making it a great base for bargain hunters and food lovers. The rooms are compact but modern, with everything you need for a comfortable stay without the extra frills.

Best for: Couples and solo travelers who value simplicity and location.

6. The Mahjong Hostel

Located near the Kowloon City area, The Mahjong Hostel offers stylish dormitories and private rooms at budget rates. While it’s a little further from the main night markets, it’s still well-connected via public transport. The hostel’s modern design, spacious common areas, and social vibe make it a popular choice for young travelers.

Best for: Backpackers looking for a boutique hostel experience.

7. Harbour Hotel Hong Kong

Harbour Hotel in Mong Kok is just a short walk from both Ladies’ Market and Temple Street. The rooms are compact but come with air conditioning, Wi-Fi, and en-suite bathrooms. Guests particularly appreciate its central location, which makes it easy to explore local markets, shops, and eateries.

Best for: Travelers wanting affordable private rooms close to multiple night markets.

8. Mei Mei Motel

For an ultra-budget option, Mei Mei Motel provides very simple rooms near Yau Ma Tei and Temple Street Night Market. While the amenities are basic, the location is central and the prices are among the lowest you’ll find in the area. It’s a no-frills choice for travelers who prioritize saving money over luxury.

Best for: Budget-conscious travelers who only need a place to sleep.

Tips for Staying Near Hong Kong’s Night Markets

• Choose Mong Kok or Yau Ma Tei: These neighborhoods give you the best access to both Temple Street and Ladies’ Market.
  
  

• Book Early: Budget accommodation near night markets is in high demand, so reserve in advance to lock in the best prices.
  
  

• Check Room Sizes: Hong Kong hotels are known for small rooms—review the size before booking to avoid surprises.
  
  

• Consider Transport Access: Staying close to an MTR station makes exploring the rest of Hong Kong much easier.
  
  

• Look for Freebies: Free Wi-Fi, breakfast, or luggage storage can help stretch your budget further.
  
  

Final Thoughts

Staying near Hong Kong’s famous night markets means you’ll be right at the center of the city’s buzzing nightlife, where neon lights, sizzling street food, and endless shopping stalls create an unforgettable atmosphere. From budget hostels like Yesinn to affordable hotels like Minimal Hotel Culture and Hotel Ease Mong Kok, there are plenty of cheap options for every type of traveler. Whether you’re here to bargain hunt at Ladies’ Market, taste local street food at Temple Street, or simply soak in the energy of Kowloon after dark, affordable accommodation nearby ensures that you experience the best of Hong Kong without overspending.