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Top 10 Best affordable Hotels and restaurants in Mumbai [Updated-2026]

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March 16, 2026

Top 10 Best affordable Hotels and restaurants in Mumbai [Updated-2026]

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Top 10 Best Affordable Hotels and Restaurants in Mumbai: Eat, Stay, and Save in the Maximum City

Discover the best budget-friendly hotels and restaurants in Mumbai. From capsule hotels near the airport to legendary $1 chaat joints, explore our ultimate guide to affordable stays and dining in the city that never sleeps.

Mumbai—the city of dreams, Bollywood, and endless energy—is also a city of contrasts. While it’s home to some of the most expensive real estate in the world, it remains a paradise for budget travelers and foodies who know where to look. The magic of Mumbai lies in its ability to offer world-class experiences at prices that will surprise you.

Whether you are a backpacker looking for a chic crash pad, a corporate traveler seeking value near the airport, or a food lover hunting for the perfect plate of vada pav, this guide is for you. We have scoured the city to bring you the Top 10 Best Affordable Hotels and Restaurants in Mumbai, blending the charm of iconic eateries with the comfort of wallet-friendly stays.

How We Chose Our List

To qualify for this list, hotels needed to offer clean, safe accommodations under approximately $75 per night (or significantly less for hostels), while restaurants needed to provide a satisfying meal for under $10 per person. We focused on variety, authenticity, and value for money.

Part 1: The Best Affordable Hotels (Where to Rest Your Head)

1. Abode, Mumbai: Boutique Charm on a Budget

Kicking off our list is a true gem in the heart of the city. Abode, Mumbai proves that “affordable” doesn’t mean boring. This boutique property is a quintessentially Bombay experience, featuring rooms adorned with traditional Bharat tiles and antique furnishings .

Why it made the list:
With rates starting from as low as $71 per night, Abode offers incredible value for its location and aesthetic. It features a cozy library, an all-day café, and even a small spa . It is the perfect launching pad to explore the city’s historic sites and street food, proving you can have style without the sky-high price tag.

Perfect For: Boutique lovers, couples, and solo travelers who appreciate design.
Location: Colaba / Fort Area.

2. Qubestay Airport Capsule Hotel & Hostel: A Futuristic Stay

If you are a transit passenger or a solo traveler looking for something unique, Qubestay is India’s first capsule hotel and a game-changer for budget accommodation. Located near the Mumbai airports, it offers flight-model interiors that are both fun and functional .

Why it made the list:
It’s incredibly cheap, incredibly clean, and incredibly convenient. You can book a single “business class” capsule or a bunk bed, all fully air-conditioned. The property includes a common “Airport Lounge” workspace, free buffet breakfast, and is a short distance from the Sakinaka Metro Station . It’s a social, safe, and stylish option for the modern traveler.

Perfect For: Solo backpackers, transit fliers, and digital nomads.
Location: Sakinaka (near Mumbai Airport) .

3. Hotel Bawa Continental: Juhu Beach on a Dime

Location is everything, and Hotel Bawa Continental delivers. This glass-fronted hotel is within walking distance of the iconic Juhu Beach, putting you right in the middle of Mumbai’s most famous people-watching spots .

Why it made the list:
Rooms here start at around $75 . While the rooms are simple and tasteful, the real value is the location. You are steps away from sunset views, beachside chaat stalls, and the buzzing energy of Juhu. It’s an ideal base for those who want to experience the city’s coastal charm and explore the nearby film industry hubs.

Perfect For: Families and travelers wanting the Juhu Beach experience.
Location: Juhu, Vile Parle West .

4. Hotel Park View, Mumbai: Central and Convenient

Located just a 5-minute walk from Andheri Railway Station, Hotel Park View is a bastion of affordability and convenience. It is perfectly situated for those who need to navigate the city via local trains or are flying in and out of the nearby airports .

Why it made the list:
With an 8.0 location rating from guests, free parking, and free WiFi, it ticks all the boxes for a functional city stay . The in-house Legend Multi-Cuisine Restaurant serves up Indian and Chinese dishes, meaning you don’t have to venture far for a good meal after a long day of travel or work .

Perfect For: Business travelers and transit passengers.
Location: Andheri West .

5. New Vasantashram: A Walk Through History

For the ultimate budget experience and a dose of old Mumbai, New Vasantashram is unmatched. Founded in 1947, this lodging house has been serving travelers for over 76 years. Located on the third floor above the bustling Crawford Market, it places you right in the historic heart of the city .

Why it made the list:
This is as cheap as it gets while still being safe and central. It offers dormitory-style rooms with shared bathrooms. It’s a no-frills, bare-bones operation (expect to climb 80 steps and bring your own toiletries), but it puts you within 1 km of CST Railway Station and 4 km of the Gateway of India . It’s the choice for the true backpacker who wants to feel the city’s pulse.

Perfect For: Ultra-budget backpackers and students.
Location: Opposite Crawford Market, near CST Station .

Part 2: The Best Affordable Restaurants (Where to Feast)

6. Punjab Sweet House: A Dollar Menu Dream

No list of affordable Mumbai restaurants is complete without mentioning Punjab Sweet House in Bandra. A mainstay since 1977, this casual dessert and chaat shop is legendary for its sweet and savory treats .

Why it made the list:
You can enjoy a snack or dessert for as little as $1. Even a full, satisfying meal here will only set you back about $7 per person . Their explode-in-your-mouth pani puri is a crowd-pleaser, and the variety of barfi and jalebi is simply staggering. It’s a taste of old Punjab in the heart of suburban Mumbai.

Must Try: Pani Puri, Kalakand, and various Farsan.
Location: Pali Naka, Bandra West .

7. Café Madras: A South Indian Institution

Head to the Matunga neighborhood, the heart of South Indian Mumbai, and you will find Café Madras. With its retro facade and no-frills interior (simple tables and metal chairs), the focus here is 100% on the food .

Why it made the list:
A dosa here costs just a couple of dollars. You can enjoy a massive, authentic South Indian meal for between $6 and $8 . The idli butter pudi and rasam idli are absolute must-tries, finished off with a perfect cup of South Indian filter coffee. It’s a cultural and culinary landmark.

Must Try: Paper Dosa, Idli Butter Pudi, Filter Coffee.
Location: King’s Circle, Matunga .

8. Shree Thaker Bhojanalay: The Unlimited Thali Experience

For a vegetarian feast that feels like a royal banquet but costs the same as a fast-food meal, Shree Thaker Bhojanalay is the place. Operating since 1945 in Kalbadevi, this spot serves the quintessential Gujarati thali experience .

Why it made the list:
During the week, a traditional veg thali is just $6, and on weekends it’s $8 . You are presented with a massive stainless-steel plate piled high with mini bowls of dal, kadhi, shaak, farsan, chutneys, and sweets. The service is swift, the atmosphere is bustling, and the food is unlimited. It’s vegetarian food at its finest.

Must Try: The unlimited Gujarati Thali.
Location: Kalbadevi .

9. New Food Inn: A Marol Favorite

If you find yourself near the airport or the Marol area, New Food Inn is a highly-rated budget restaurant that the locals love. With a solid rating on Zomato, it’s known for being inexpensive without compromising on taste .

Why it made the list:
The average cost for two people is just ₹500 (approx. $6) . Reviewers rave about the tandoori items, the Butter Chicken, and even the Caramel Custard for dessert. It offers a great ambiance and prompt service, proving that budget dining can still feel like a proper restaurant experience.

Must Try: Mutton Biryani, Chicken Lollipop, Tandoori items.
Location: Marol, Andheri East .

10. Shabari Hotel: Pure Veg Perfection in Andheri West

Rounding out our list is Shabari Hotel, a pure-vegetarian restaurant in Andheri West that has earned a phenomenal reputation over its 16 years in business. With over 6,500 ratings and a 4.1-star average, it’s a crowd favorite .

Why it made the list:
With a price point of around ₹900 for two (approx. $10-11) , it’s slightly above the others but offers a more formal dine-in experience . Reviewers consistently highlight the “awesome” South Indian cuisine and the well-mannered staff . It’s clean, has ample seating, and is perfect for families looking for a reliable, hygienic, and tasty vegetarian meal.

Must Try: South Indian Dosas, Jain food options.
Location: Four Bungalows, Andheri West .

Conclusion

Mumbai’s affordability is part of its magic. You can sleep in a historic lodge for a pittance and wake up to eat a breakfast that costs less than a cup of coffee in the West. This city rewards the explorer, the saver, and the hungry.

Whether you choose the capsule-age comfort of Qubestay or the timeless flavors of Café Madras, you are in for an authentic Mumbai experience that proves you don’t need deep pockets to fall in love with the Maximum City.

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