Located in the northeastern part of the country in the Veneto region, Venice is one of Italy's most famous and beloved cities. Regarded as one of the most romantic destinations anywhere in the world, this unique city is actually made up of over 110 little islands, all linked together by canals and bridges and spread out across the Venetian Lagoon, a bay between the Po and Piave rivers. A large part of the city is a UNESCO World Heritage Site for its distinctive beauty, and there are over 260,000 people living in Venice, with millions more visiting the city each year from all over the globe.

More ideas: Best Weekend Getaways, Best Day Trips

The city of Venice is well known for its waterways and gondolas, having been featured in many films and TV shows over the years, as well as being consistently ranked and classed as one of the most-visited cities in the world and one of the best cities to visit in Europe, especially for couples looking to enjoy a romantic getaway. Venice also has a rich history, having once been known under the name 'Republic of Venice' and been a significant power during the Middle Ages and Renaissance periods. It has been home to many different artists over the years and is still home to some of the world's most beautiful artistic works and buildings, being classed as one of the prettiest cities ever built.

If you choose to visit Venice, you'll want to visit key locations like the Doge's Palace, the Piazza San Marco, the Grand Canal, and the Rialto Bridge, but you'll also need to decide where to stay. There are many upscale hotels to be found in Venice, but if you'd prefer to keep your costs down and save money on your Venice vacation, there are several great hostels in the area as well. Venice hostels offer low-priced accommodation with simple, comfortable rooms and useful amenities, as well as communal spaces to help you meet other travelers and spend quality time with your companions. Read on to learn all about a few of the best hostels in Venice.

- Generator Venice - Fondamenta Zitelle, 86, 30133 Venezia VE, Phone: +39-04-18-77-82-88

Located in the Guidecca neighborhood, which is a calm and quiet residential area with some very pretty houses and nice local bars and eateries, the Generator Venice is one of the top rated hostels in Venice. Generator is a big name in the hostel business, boasting locations all around the world with a key focus on major European cities. This hostel chain is known for high quality service and pleasant decoration, and the Venice location really lives up to the Generator reputation.

This hostel is housed in what used to be an old granary, so it's a nice historic building with a lot of original brickwork and features like thick wooden beams in the various rooms and dorms. It's a cozy, comfortable hostel and has been beautifully decorated with a mixture of contemporary and retro furnishings and colors. You'll find both private rooms and dorms at this hostel, which also features its own bar, restaurant, and TV lounge area with big, soft chairs and a pool table.

- Anda Venice Hostel - Via Ortigara, 10, 30171 Mestre VE, Phone: +39-04-18-62-22-91

The Anda Venice Hostel is another amazing option to choose for your stay in Venice. It's one of the best-rated hostels in the area, and despite not actually being in the center of Venice itself, it's only a couple of minutes away from the local Venezia-Mestre train station, making it very easy to get into the city and around to the various landmarks and touristic hotspots like the Piazza San Marco and the Rialto Bridge.

This hostel really stands out for its decor and furnishings; the Anda Venice Hostel has an amazing sense of style that is apparent as soon as you step through the doors and check out the chic, industrial-style lobby with bold colors and eye-catching imagery all around. This good sense of interior design continues to the dorms and private rooms, with the hostel all offering its own bar to hang out with your fellow travelers and share a drink, along with a communal kitchen to prepare meals and snacks throughout the day.

- Silk Road - Dorsoduro, 1420E, 30123 Venezia VE, Phone: +39-38-81-19-68-16

Silk Road is one of the best-rated hostels in Venice and it's only by far one of the best in terms of its location. This hostel is situated in the Dorsoduro area, which is right in the heart of Venice and only a short walk away from the Grand Canal, the Rialto Bridge, and the Piazza San Marco, so you'll find all the big touristic spots to be within walking distance, with the Gallerie dell'Accademia also right nearby for those interesting in admiring some incredible artworks.

Silk Road, like many other Venice hostels, offers both shared dorms and private rooms, so you can choose the style of accommodation to suit you and your fellow travelers. All guests can enjoy complimentary internet access at this hostel, as well as use of the facilities in the communal kitchen. There's also a nice, cozy lounge with comfortable chairs and attractive furnishings to hang out with your friends and maybe make some new ones.