While there are plenty of Hotel options available in Toronto located in convenient locations, it will cost you. The average cost of a mid-range hotel in Toronto is around 200 Canadian dollars. There are less expensive options available if you are flexibility on location and quality of the hotel.
Toronto is also home to many wonderful and quaint Bed and Breakfasts (B&B). Widely available throughout Toronto, a B&B will typically cost 70-150 Canadian dollars per night, depending on location and quality.
This Canadian Bed and Breakfast site will help you discover the best B&B for you.