All recommended hotels in Venice: Hostel
2 cheap hotels in Venice reviewed by EuroCheapo (See more hotels in Venice by doing a CheapoSearch)
Address Cannaregio 2372, Fondamenta Daniele Canal (Cannaregio)
A bare-bones student lodging, the Ostello Santa Fosca isn't for everyone, but its unique historic building make for an experience, and its rock-bottom rates can't be beat.
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