Just got back from Prague and this hostel is great. it is about 4 or 5 euros per night, (280CZK) centrally located near tourist attraction like Charles Bridge, Nightclub next door, bar upstairs, laundry service, internet, and one of the better breakfasts included that I have ever had!
I would definatly stay here again for sure, the staff is helpful and they even call a taxi to take you to the airport, for about 10 euros! In my time I have stayed at many places, and this by far was the most enjoyable hostel. ( the key to enjoyable hostel stay, is to ALWAYS remember that you ARE staying in a hostel, but that is the point)
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Theme: Hostel
Comparison: about average
Prices: less than US$20
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Address: Dlouha 33, , Prague, Hlavni Mesto Praha 11000