Manali hostels are R198/night, on average. However, you may find that prices fluctuate depending on the time of year. In August is often the cheapest month to book, and in May is the most expensive month to book a hostel in Manali. Our users recently found hostels for R42/night - which is currently the lowest price. Keep in mind that we would consider anything in Manali for R147/night or less a good deal.
Staying in a Manali hostel has many benefits, including cost savings, proximity to the centre of the city, a social and laid-back atmosphere, and similar amenities to hotels (such as Wi-Fi, continental breakfast, or 24/7 check-in). Hostels in Manali tend to attract younger, solo travellers, but they can be great for couples and families as well.