Below is the list of cheap New York hostels which are really cool and are considered as one of the most popular in NY:

Times Square House, 526 9th Ave, 39th St – 40th St, New York City, NY, USA 10018

The New York Loft Hostel, 249 Varet Street, Brooklyn, NY, USA 11206

L-Hostel, 1961 7th Avenue New York, (also known as Adam Clayton), New York City, NY, USA 10026

Liberty Hostel, 170-14 Liberty Avenue, Queens, New York City, NY, USA 11433

Urban Oasis, 5 W 31st Street, New York City, NY, NY, USA 10001

Lefferts Manor Bed & Breakfast, 80 Rutland Road, New York City, NY, NY, USA 11225

Wanderers Inn West, 257 West 113th Street, New York City, Morningside Heights, USA 10026

Pink Hostels, 137 West 111st Street, New York City, NY, USA 10026 (exclusively female hostel!)

1291 Bed and Breakfats, 337 West 55th Street, (Between 8th and 9th Avenues), New York City, Mid-town Manhattan, USA 10019

New York Hostel 99, 30 East 129th Street, New York City, NY, USA 10035

Broadway Hotel & Hostel, 230 West 101 Street , on Broadway, New York City, Upper West Side, USA 10025

461 Times Square Hostel, 461 West 43rd Street, Ground Floor, New York City, NY,  USA 10036

Tone On Lex, 179 East 94th, New York, New York, USA 10128

Crown Brownstone, 958 Saint Marks Avenue, Brooklyn, NY, USA 11213-2003

Hostelling International – New York, 891 Amsterdam Avenue, New York city, Upper West Side, USA NY 10025

5th Avenue Spot, 35 West 126th Street, New York city, New York, USA 10027 – 3810

Jazz on the Villa Hostel, 12 West 129th Street, New York City, New York, USA 212

Jazz on the City, 201 West 95th Street, New York City, USA 10025

Lafayette International Hostel, 484 Lafayette Avenue, Brooklyn, NY, USA 11205

Chelsea Spot Hostel, 341 West 30th street, New York City, NY, USA 10001

Jazz on Times Square Hostel,  341 West 51 Street, New York City, NY, NY, USA 10019

International Student Center, 38 West 88th Street, Manhattan, New York City, Upper Westside, USA 10024

Jazz on the Park, 36 West 106th Street, New York City, Upper West Side, USA NY 10025

Jazz on the Town – East Village, 307 E. 14th Street, corner of 2nd Ave., New York City, East Village, USA NY 10003

Jazz on Lenox Hostel, 104 West 128th Street, New York City, USA 10027

Central Park Hostel, 19 W. 103 Street, Central Park, New York City, New York, USA 10025

Bowery`s Whitehouse Hotel of New York, 340 Bowery, New York City, Soho, USA 10012

The Royal Park Hotel & Hostel, 258 West 97 Street, New York City, USA 10025

Chocolat Hostel, 850 West End Avenue, New York City, NY, USA 10025

West Side Inn Hostel, 237 West 107th Street, New York City, Upper Westside, USA 10025

ZIP112 Hostel, 112 N 6th Street, 5th Floor, Brooklyn, New York City, NY, New York City, USA 11211 – 3002

AAE Hostels New York JFK, 139 Jamaica Ave, Jamaica- Van Wyck Subway Stop, JFK Free Shuttles Airport, New York, USA 11435

Uptown Crown, 101 West 143rd Street, Manhattan, New York, USA 10030

Sky Hostel, 106 West 83rd Street, New York City, NY, USA 10024

Hostel Fresh, 330 West 95th Street, New York City, NY, USA 10025

Uptown Hostel, 239 Lenox Av at 122nd St., New York City, USA 10027

Times Square West Hostel, 460 West 46 Street, New York, USA 10036

LOFTSTEL | Williamsburg, Berry Street & North 6th St, New York City, NY, USA 11211

311 Times Square Hostel, 311 West 48th St 2 FL, New York City, NY, NY, USA 10036

320 Times Square Hostel, 320 w 49st #1FW, New York City, NY, NY, USA 10036

Rita`s Apartment Hostel, 101 West 143rd Street, New York City, NY, New York, USA 10030

Pied-A-Terre New York, 143 Christopher Street, New York City, NY, USA 10014

Manhattan Inn Hostel, 303 West 30th Street, New York City, NY, USA 10001

Marzili Hostel, 66 Clay St, New York City, NY, New York, USA 11222

Columbus Circle Hostel, 120 W 60th St, New York City, NY, USA NY 10023

Candy Hostel, 316 West 95th Street, New York City, NY, USA 10025

Chelsea International Hostel, 251 West 20th Street, New York City, NY, USA 10011

Metropol Hostel, 133 N. 4th Street Brooklyn, NY

Cafe 202 Hostel, 202 East 110th St. New York, NY 10029