Dorm Bed: $10.86
Located in Botafogo, and with a view of Christ the Redeemer from the balcony, this cheap place makes for a great stay in Rio. It's clean and comfortable, and just minutes from a metro station, the beach, an outdoor market, and other shopping, restaurants, and nightlife.
Situated in a natural setting with birds and monkeys, Rio Nature offers more than just the city around it. Free breakfast, free internet, a kitchen, and TV are all available to make your stay much more comfortable (and cheap).
Tours and excursions are also available.
Reviewers state that this is a great hostel to meet other travelers and make friends, as the staff is also made up of travelers to help get everyone acquainted.
Travessa Dona Marciana 31 - Botafogo ,
Rio de Janeiro,