Cheap Hotels & Resorts in Waterloo from AU$163

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Best Waterloo Cheap Hotels

Park Plaza County Hall London

4.0 star property
London City Centre
9.2 out of 10, Wonderful, (2574)
"Great hotel"
United States
Hany
The price is AU$349
includes taxes & fees
4 Jan - 5 Jan 2026
Park Plaza County Hall London

Point A Hotel - Westminster, London

3.0 star property
London City Centre
7.8 out of 10, Good, (1001)
"All in all a comfortable stay 👍"
United Kingdom
Steven
The price is AU$163
includes taxes & fees
4 Jan - 5 Jan 2026
Point A Hotel - Westminster, London

Park Plaza London Westminster Bridge

4.0 star property
London City Centre
8.8 out of 10, Excellent, (5351)
"Comfy beds and pillows m, staff was great!"
United States
Sean
The price is AU$381
includes taxes & fees
5 Jan - 6 Jan 2026
Park Plaza London Westminster Bridge
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.

Find out more about Waterloo

Discover cheap things to do in Waterloo

Waterloo is a vibrant neighbourhood that offers an array of budget-friendly attractions for the discerning traveller. Begin your exploration at the iconic Southbank Centre, where you can enjoy free art exhibitions and performances along the riverside, perfect for soaking in the local culture without spending a penny. Just a short walk away, the stunning views from the London Eye provide a memorable experience; while tickets can be pricey, consider visiting during the evening when the crowds thin. Families will love the nearby SEA LIFE London, which often has promotional discounts, making it an affordable yet fascinating outing for all ages. After a day of adventure, unwind at the picturesque Jubilee Gardens, where kids can play and parents can relax, all for free. When it comes to dining, Waterloo is brimming with affordable eateries, such as the renowned Borough Market, just a stone's throw away, where you can sample delicious street food without breaking the bank. Staying in one of the budget hotels in the area offers the convenience of being close to these attractions, with many providing family-friendly amenities and attentive traveler service that ensures a comfortable stay. Whether it’s a chic boutique hotel or a budget chain, you’ll find that Waterloo’s accommodations are designed with quality in mind, allowing you to enjoy your trip without overspending.

Top Waterloo Hotel Reviews

Frequently asked questions

What is Waterloo like for travellers on a budget?
Waterloo has a variety of cheap accommodation options and places to visit, making it a budget-friendly holiday choice. In addition to its well-known attractions such as London Eye, this destination is home to Thames River and Thames Path, which you can enjoy while spending very little.
What's the best accommodation for a budget-friendly stay in Waterloo?
Based on reviews, Park Plaza County Hall London is a popular hotel for our travellers who want a more economical choice, and features free Wi-Fi and air conditioning. Another top option for your stay on the cheap is Point A Hotel - Westminster, London.
What is there to see and do in Waterloo?
Waterloo attracts visitors with its top museums and theatre scene, and offers plenty to see and do without spending a fortune. You can budget for the top local attractions on your list, such as London Eye and Trafalgar Square, and then make time for other wallet-friendly activities. If you're looking to enjoy the area's natural beauty, you can get outdoors at Thames River, Thames Path or Jubilee Gardens.
How can I get to Waterloo and get around on a budget?
Looking at these ways to get around Waterloo can help keep you on budget. The closest airport is 7 mi (11.3 km) from the centre in London (LCY-London City). If that doesn't suit your budget, you can look into flights to Heathrow Airport (LHR), which is 14.7 mi (23.6 km) away. Metro stations nearby include Waterloo Underground Station and Lambeth North Underground Station.

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