In Shanghai, hostels offer bed rentals starting at 9 USD, while a private budget room typically starts from 25 USD. When making a room reservation, you'll usually be required to pay a deposit equivalent to the daily rate. This deposit is refunded when you check out. Standard hostel services typically include a bed, a lockable bedside table, and complimentary breakfast.
Staying in a 2 or 3-star hotel in Shanghai is quite affordable, with prices ranging from approximately 15 to 300 USD per night for a room accommodating two adult travelers. A similar room in a 4-star hotel will typically cost between 40 and 245 USD, while a 5-star hotel may charge anywhere from 70 to 955 USD per night.
When estimating your accommodation expenses in Shanghai, please be aware that some hotels may include a 15% service charge on top of the room rate.