Zing Hostel is great value!
It is cosy, clean and well maintained and is located in Kings Cross, right in the birthplace of the bohemian and cafe culture and thriving night-life. Only a brief walk from the Botanic Gardens, Sydney Opera House, Sydney Harbour Bridge, Kings Cross Station and the city itself.
The hostel has small dorms (max 6 beds) and private rooms available. All rooms come with clean linen and blankets, fridges, sinks and storage. Facilities include a fully equipped kitchen, laundry, a large sunny outdoor area with BBQ, free luggage storage and a WiFi available.