With two decades of hostel hospitality to its name, the Euro Youth Hostel sure knows what it’s doing when it comes to budget traveler needs. Around the corner from Munich Central Station, it is ideally suited for backpackers on a tight budget, with prices for a dorm bed starting at EUR 15 — though not during Oktoberfest! The bedrooms are bright, light and spick-and-span, boasting some of the most comfortable beds on the European hostel circuit. Downstairs, the décor hits the right mix of tradition (think vintage brewery posters) and modern amenities (lots of computers, live screenings of FC Bayern games, good WiFi). Each guest has a private locker, with additional luggage storage available.