Finding a budget apartment in Hong Kong requires careful location selection, as the city’s cost of living is extremely high. Based on the latest data from March 2026, here are some recommendations for affordable apartments for both daily and long-term stays:
Affordable Serviced Apartments (Daily & Weekly)
These apartments are ideal for tourists due to their comprehensive amenities (often including a kitchenette) but at a more competitive price than luxury hotels
Modena by Fraser Hong Kong: Strategically located in Tsim Sha Tsui, this 3-star apartment offers one-bedroom units with a kitchenette and balcony. Guests rate this space as excellent value for money, as it’s just a 5-minute walk from the MTR
One Dundas 壹登服務式公寓: Located in the Mong Kok/Yau Ma Tei area, it offers modern studios with balconies. These apartments are popular for both short-term and long-term stays due to their reasonable price and easy access to supermarkets and local restaurants
Homy Residence: Located in Yau Ma Tei, it offers simple studios with kitchenettes. Its location is very close to the A21 airport bus stop and the MTR station, making it a popular choice for budget travelers
-YESInSPACE Serviced Apartment: Located in Tai Kok Tsui (near Mong Kok), this apartment is praised for its cleanliness and its spacious size by Hong Kong standards, accommodating up to 4 people in a two-bedroom unit
Recommendations for Longer Stays (Monthly)
If you plan to stay for a month or more, some providers offer special rates that are significantly lower.
-Tane Residence: Known as one of the most affordable serviced apartment providers in Hong Kong, offering rentals for a minimum of one month.
-Nathan Residences: Offering co-living and affordable studio apartments along Nathan Road, very close to Yau Ma Tei MTR station.
Areas with Lower Rental Costs
To find a lower price, consider looking for apartments outside the city center, such as Central or Tsim Sha Tsui. Some areas known for being more affordable include:
-Tsuen Wan, Tuen Mun, and Yuen Long: Offering a more affordable lifestyle while still having complete urban amenities
-Tin Shui Wai: For example, at Kingswood Villas, you can find 3-bedroom units with rentals starting from HK$13,000 (approximately Rp26 million) per month, well below city center prices
Finding a place to live in Hong Kong requires patience due to limited land and fluctuating prices. Flexibility is key; shifting your search slightly to areas like Mong Kok or the New Territories can significantly save you money without sacrificing transportation access. Be sure to always check the latest reviews and book well in advance to secure the best deals in this bustling city