This hostel is located just a couple blocks from Waterloo Station, as well as a number of metro stops. It is just a five minute walk from the London Eye and Big Ben, and ten minutes from Westminster Abbey. The facilities are not the newest, but the rooms and facilities are generally clean and the staff are friendly and helpful. Free breakfast and internet are provided. Be sure to book in advance as it can get a little crowded.
Address: 172 Westminster Bridge Road, London, England SE1 7RW
Book through a hostel website.
Rates: Dormitories start around £20.00; Private rooms start around £30.00.