Budget & Value Hotels in Times Square / Midtown Manhattan

1. Paramount Hotel Times Square

Best For: Ultra-Central Budget Stay

Location: Right in the heart of Times Square near 46th Street — unbeatable for first-time NYC visitors.

This hotel is ideal if you want proximity over polished luxury. It's a no-frills spot with simple, clean rooms and an excellent central location — literally steps from Broadway theaters, late-night food, and New York nightlife.

Rooms without breakfast service, but multiple dining options nearby. Full service bar on-site. Renovated and non-renovated rooms available (book the renovated ones ahead of time). Quick walk to Times Square, stores, and entertainment.

This property is especially good if your priority is location and nightlife, and you're okay skipping a hotel breakfast in favor of NYC pizza joints and coffee shops around the corner.

Book or learn more: paramounthotelnyc.com

2. Crowne Plaza Times Square Manhattan

Best For: Families & Travelers Who Need Space

Location: Stands just in front of the M&M Store — you literally can't miss it.

Crowne Plaza is one of Times Square's underrated comfort picks. It's not glamorous, but you will notice the difference when you step inside a larger room — an uncommon benefit in this neighborhood.

Spacious rooms that can comfortably fit families or groups. Partial Times Square views from select corners. Cozy bedding and practical layouts. Bar onsite and Stone Street Cafe for breakfast.

Families will find the space and location especially helpful after long days walking NYC.

Book or learn more: ihg.com

3. The New Yorker, A Wyndham Hotel

Best For: Historic Vibe + Transit Access

Location: Next to Penn Station and near Madison Square Garden.

This classic New York hotel has been around since the early 20th century. It's rich with history (Nikola Tesla once lived here) and offers great transit access.

Legendary roster of past residents and memorabilia. Full-service gym in the basement. Tik Tok Diner open 24/7 for breakfast whenever you want it. Rooms on the smaller side, but comfy and classic.

The location makes it perfect for guests who plan to rely on trains and buses — it's among the most accessible picks for getting around the city without a car.

Book or learn more: newyorkerhotel.com

4. Hotel Edison

Best For: Location + Food Options Nearby

Location: On 47th Street near Times Square and Broadway.

This Art Deco classic combines old-school NYC charm with convenience. It's especially popular thanks to the nearby brunch stalwart Fredman's, and it has easy access to restaurants on Restaurant Row.

Renovated "Signature Rooms" with modern finishes. Rum House and Bond 45 right in the building. Coffee maker and complimentary water in rooms. Central location — walk to all major Midtown sights.

You won't get enormous rooms here, but the energy, location, and food options make it a solid choice for short stays.

Book or learn more: edisonhotel.com

5. Park Central Hotel New York

Best For: Midtown Comfort + Central Park Access

Location: A 5-minute walk to Central Park and steps from Carnegie Hall.

If you don't mind a short walk to Times Square (about 12–15 minutes), this is one of the most practical mid-budget picks.

Generous room size compared to other budget Midtown hotels. Easy access to Central Park, theaters, and museums. Landmark hotel with a mid-century vibe. Great for families or groups.

This one's a great compromise — a little quieter than Times Square proper, but still incredibly central.

Book or learn more: parkcentralny.com

6. DoubleTree by Hilton New York Times Square West

Best For: Affordable Comfort + Breakfast Deals

Location: Roughly a 10-minute walk from Times Square proper — close enough, but a bit less hectic.

This DoubleTree is an underrated budget contender. Rooms are cozy, not huge, but the breakfast deal makes a big difference compared to other Midtown hotels.

Reasonable breakfasts (especially compared to other NYC hotel restaurants). Simple rooms with modern basics. Good value if breakfast is on your priority list.

Great for travelers who want a bit more hotel service and comfort without paying Times Square premium prices.

Book or learn more: hilton.com

Best Mid-Range & Highest Value Stays

7. Hyatt Grand Central New York

Best For: Lounge Access + Transportation

Location: Steps from Grand Central Terminal.

This property blends size, convenience, and perks more than nearly any other in Midtown.

Large rooms (rare in NYC). Mini fridge in rooms — perfect for longer stays. Commodore Lounge access for included continental breakfast. Ideal location for exploring Midtown and Upper Manhattan.

If getting around New York efficiently is part of your plan, this one's worth the extra. The lounge access alone can save you money on breakfast and snacks.

Book or learn more: hyatt.com

8. Riu Plaza Manhattan Times Square

Best For: Newer Hotel + Complimentary Breakfast

Location: Hell's Kitchen — basically Times Square, but a bit more relaxed.

This is consistently one of the best bang-for-your-buck hotels in Midtown. The rooms are newer, amenities solid, and the included breakfast buffet is exceptional (rare for this area).

Spacious, modern rooms. Mini fridge included. Buffet breakfast that rivals many higher-end hotels. Close walk to Times Square, Hudson Yards, and Hell's Kitchen dining.

If you want the best value without sacrificing comfort or quality, this property often tops traveler lists.

Book or learn more: riu.com

9. Hilton Times Square

Best For: Room Size & Views

Location: Mid-Times Square / Midtown stretch.

This is another strong Hilton pick, with larger rooms than typical Times Square hotels and great skyline views — especially if you book higher floors.

Common large room layout — fits 4+ suitcases. Freedom Tower and skyline perspectives possible. Full service restaurant and bar (recently renovated). Solid breakfast options nearby and in-hotel.

Perfect for families or groups who want extra room without jumping to high-end pricing.

Book or learn more: hilton.com

10. New York Hilton Midtown

Best For: Midtown Classic + Large Amenities

Location: Near Rockefeller Center, Radio City Music Hall, and a short walk to Times Square.

This is often the go-to Midtown choice for repeat NYC travelers.

Large rooms and mini fridge included. One of the largest hotel gyms in NYC. Useful business center and meeting spaces. Central location with easy subway access.

Breakfast here isn't complimentary, but the overall comfort, space, and amenities more than make up for it. If you're staying multiple nights, this is one of the smoothest experiences in the Times Square area.

Book or learn more: hilton.com

Quick Comparison Snapshot

Insider Tips Before You Book

Breakfast Plans: NYC hotels rarely include breakfast — so if a hotel does, it's a major value driver.

Mini Fridges: Not standard in Times Square — but very helpful for families or long stays.

Timing Matters: Prices spike for holidays, Broadway weeks, and summer.

Walk Score: Even if a hotel isn't directly in Times Square, NYC's subway grid makes travel fast.