This 137-room hotel is a hip and clean budget-friendly find among many expensive options. Located near the Edgware Road and Paddington tube stations as well as London Paddington train station, Point A Hotel, London Paddington fills in the gap between hostels and mid-range value hotels. Guest rooms are compact and geared toward functionality. This value hotel is ideal for budget travelers, young groups, and couples. However, budgets beware: There are not many interesting attractions in the area, so some of your saved money may be spent frequently traveling on the tube. If you want a Point A Hotel in a more walkable neighborhood, check out Point A London Liverpool.

A 40-room bed-and-breakfast, the lower-middle-range Darlington Hyde Park is a solid choice for those seeking comfortable accommodation that's both centrally located and affordable. It's conveniently situated in the heart of London's Paddington and close to express links to Heathrow Airport. The 39 rooms and one suite have a mix of traditional and modern furnishings, all outfitted with en-suite bathrooms, flat-screen TVs, and free Wi-Fi. Rooms range from Singles to Quads, the latter suitable for groups and families. All rates include a Full English breakfast with continental items as well. Note that some guests have complained of thin walls and some decor could use an update. Compare rates with the similarly priced Park Grand Paddington Court London, which has more modern rooms.

The business-friendly, four-pearl Novotel London Paddington is a relatively quiet option, an eight-minute walk from Paddington Station. Families are attracted to the hotel for the special perks for kids that include a pool, children’s corner, and game room for teens. It’s also a convenient stop for anyone doing business in the area, thanks to multiple event spaces, speedy Wi-Fi, and a bright fitness center. The bar and lounge help too, as well as the hotel’s proximity to the rail line and Heathrow Express. The 217 rooms are pleasantly contemporary and include 55-inch flat-screen TVs and free Wi-Fi, with proper coffeemakers and iPod docks in higher-category rooms. Those wanting a classically elegant hotel that's closer to Hyde Park should consider the Grand Royale London Hyde Park instead, where rates are similar.

The 102-room London House Hotel is a mid-range hotel offering great value for money in a central location, close to Hyde Park and Paddington. Housed in a beautiful Victorian building, it has a contemporary feel inside, with stylish decor. Rooms are on the small side and offer typical basic amenities, including free Wi-Fi and LCD TVs. If you're traveling on a budget and want to be close to transport links, this is a good choice. You may also want to consider the nearby Shaftesbury Hyde Park International or Shaftesbury Metropolis, both of which have fitness centers and can have comparable prices.

Kensington Gardens Hotel is a no-frills budget hotel set in a typical Victorian townhouse in the leafy central-west neighborhood of Bayswater. While there's little that distinguishes this property from many in the area, a 2015 renovation means rooms -- and especially bathrooms -- are clean and well-presented. There's not much in terms of facilities beyond the rooms, however, and the lack of an elevator can mean lots of stair-climbing. Overall, though, the location allows for easy access to central London and the competitive rates make this a good pick for the budget-conscious. 

Not your typical chain hotel, the mid-range Best Western Mornington Hotel has the aesthetic of a stylish boutique hotel with the amenities of a major chain. Well-located directly across from Hyde Park, near Lancaster Gate, it puts guests within easy reach of most of London's major sights via the tube. Rooms are small and the historic building means that space in general is quite compact, but the free breakfast buffet is plentiful, there's a cozy library bar, and prices are reasonable when compared with other similar hotels in central London.

The Thistle Hyde Park is an elegant hotel dating back to the Victorian era. Decor is traditional with chandeliers, hanging portraits, and dramatic curtains. All 54 rooms are comfortable and clean with flat-screen TVs, electric kettles, and big bathrooms. Some rooms also have excellent views over Hyde Park. With high ceilings and plenty of character, this hotel is a good match for guests seeking relaxation over contemporary style. Hotel highlights include a restaurant, lounge, and bar along with a cozy writing room. While some rooms are on the small side, the location is convenient for walking to nearby Notting Hill Gate and the rooms are good value.

The Lancaster Gate Hotel is a 196-room value hotel located in central London, a two-minute walk to Hyde Park and a five-minute walk to the nearest underground station. For the location, the hotel is hard to beat for price. The common areas have been renovated, and are attractive and modern. By contrast, room decor is generic and dated, but rooms are clean, fairly spacious for a central London property, and include AC, flat-screen TVs, and coffee- and tea-making facilities. Note breakfast and Wi-Fi are not included in the room rate. Travelers might also want to consider the nearby Hyde Park Suites, which offer apartment-style rooms with kitchenettes and free Wi-Fi, but the units don’t have air-conditioning. 

There are 55 rooms at this two-and-a-half-pearl property set in London’s Paddington area, a five-minute walk to Hyde Park. The convenient location near the train station and many attractions appeals to both tourists and corporate travelers. The guest rooms are light and bright and have air-conditioning, though style varies from modern to dated. There are a decent amount of on-site features including a bar, courtyard, and a free continental breakfast buffet. It's worth comparing rates with the London Elizabeth Hotel, which is even closer to Hyde Park and has a restaurant and rose garden on-site, though rates are slightly higher.

The three-pearl Mercure London Paddington Hotel is located next to Paddington rail and tube station, where the Heathrow Express and Connect stop. It's a busy area that can get noisy. The 64 rooms are small but sleek, with flat-screen TVs, iPod docks, coffeemakers, and free Wi-Fi; Executive Rooms add mini-fridges and Nespresso machines. It's a hotel that covers the basics well -- it has a small gym, a decent restaurant that serves a full English breakfast (not included), and one meeting room. Overall, the hotel delivers, but travelers could also consider the nearby Best Western Plus Delmere Hotel, which has a more fashionable look. 

The Byron Hotel is a budget property with Lord Byron artwork throughout. The 45 traditional rooms have coffeemakers, flat-screen TVs, and lovely tan tile bathrooms with heated towel racks, but there have been complaints of thin walls and street noise. The included breakfast receives good reviews and the hotel offers concierge services and room service. Wi-Fi is free throughout the hotel, but there are limited additional amenities. For serviced apartments Chelsea Cloisters has similar rates and full kitchens.

The two-pearl Mitre House Hotel is located in a desirable spot between Paddington Station and Hyde Park, on a beautiful tree-lined street of whitewashed Regency townhouses. The hotel has been family-run since 1962, giving it a charming bed-and-breakfast quality. The 70 rooms are clean, but would benefit from major modernizing and there is no air-conditioning. Amid the old-fashioned interiors, there are some masterstrokes, like the original Victorian tiling, stained glass windows in the lounge, and eclectic artwork in the bedrooms. There’s a great pub on-site, as well as a few handsome communal areas. Just note that while a cooked breakfast is included in the rates, there aren't many options offered. The nearby Blakemore Hyde Park Hotel is undoubtedly more stylish and sophisticated, but doesn’t have the family-run feel found at The Mitre. 

The Falcon Hotel is a 19-room, budget property around the corner from Paddington Station in a residential neighborhood full of shops and pubs. Rooms range from snug Singles to biggish Family Rooms, and while all have private toilets, some are inconveniently a flight of stairs away. The furnishings may be a bit frayed and out of date, but with its cream and white palette and good lighting, The Falcon radiates a cheery, welcoming atmosphere. A free breakfast at tables with fresh flowers, an outdoor terrace with white-washed brick and planters, and helpful city maps and station timetables in the lobby elevate the Falcon above the typical budget hotel. Travelers looking for more stylish accommodations at low rates could try the Generator Hostel London or Clink78 Hostel, both of which have private rooms with hip decor.

Travelers on tight budgets who want to stay in central London will find The Pride of Paddington -- a dormitory-style, five-room hostel -- a decent option, albeit with a few caveats. Rooms can be noisy, and only one of the rooms has its own bathroom, while the others have bunk beds and a shared bathroom. The interiors, cheerful and basic, could do with a bit of cleaning and repainting. A full English breakfast is served for free, and guests receive discounts for other meals and drinks at the on-site pub. Travelers looking for hostel accommodations with a more fashion-forward look could try the Generator Hostel London or Clink78 Hostel, both of which have private rooms too.

This mid-range hotel is located right in central London on the edge of Hyde Park, convenient to buses and tube stops. Its 55 guest rooms are bright and comfortable, and all are equipped with air-conditioning, flat-screen TVs, coffee- and tea-making facilities, free Wi-Fi, and safes. That said, rooms and bathrooms are small and cramped, typical of London. Apart from a small bar and cafe located on the ground floor, the hotel doesn't have many extras, and there's a fee for breakfast. A more fashionable option could be The Z Hotel Victoria, which also includes free wine and cheese in the evenings, though rates are a bit higher.