Oldtown Hostel Otter

Converted from a hotel to a hostel, the Otter offers one of Zürich's better price-to-location ratios. Tucked into a Niederdorf backstreet, it has seven dorms and eight private rooms in a variety of configurations, plus a shared guest kitchenette. It's a five-minute walk from several major attractions, including the Fraumünster, the Kunsthaus, the Limmat River and the Zürichsee.