The world is filled with hotels and rentals that make for a once-in-a-lifetime stay, but they often come with a 'can only afford it once' price.

However, opt for a hostel and there are some truly incredible places to be found - at a fraction of the cost.

We're talking floating hostels with unrivalled ocean views, reading nooks turned into bedrooms that are the stuff of bookworms' dreams, or even cosy rooms at the top of skyscrapers with breathtaking panoramic views of the city skyline.

To give you a helping hand, we've teamed up with Hostelworld to bring you some of the world's coolest hostels that need to be on any intrepid explorer's radar.

Check out our favourite top 10 below...

1. Selina Bocas del Toro , Panama

Selina Bocas del Toro, Panama

This beach front property floats on the Caribbean waters and has some seriously cool communal areas including the water deck with sunloungers and kitchen.

The hostel runs a host of activities from salsa classes to live music and yoga sessions, while the dorms (which include all-female dorms) have everything you need for a comfortable stay.

As for the rooms, the dorms (which include all-female dorms) have everything you need for a comfortable stay including ensuite bathrooms, but there are private rooms available for families or larger groups too.

How much? Mixed dorm rooms start from £12.17 per night. Private double rooms from £42.60 per night.

2. At The Top , Dubai

At The Top, Dubai

No need to compromise on views if you're sticking to a budget - this chic hostel sits on the 66th floor in one of Dubai's iconic skyscrapers.

Located in the heart of the Dubai Marina you're just a stone's throw away from Dubai's best things to see and do , not to mention reception is open 24/7 should you need any recommendations or advice.

Guests have access to a kitchenette as well as the spacious living room where breakfast is served. Oh and for those who want to share photos of the views on Instagram - superfast WiFi is included in the price!

How much? Prices start from £22.99 per night.

3. Kadirs Tree House , Turkey

Kadirs Tree House, Turkey

Party seekers can make use of the on-site night club and three bars that are open until the early hours at this vibrant hostel, located in Olympos in southern Turkey.

Kadirs Tree House offers up a host of activities too including trekking to the Lost City, sea kayaking, scuba diving, rock climbing, canyoning... the list goes on!

Ideal for adventurers, there's a campsite for those who want to get back to nature, or you can stay in the real treehouse with ensuite facilities for a touch of luxury.

How much? Prices start from £21.13 per night. Dorm room prices from £6.18 per bed.

4. SkyWalker, Scotland

Skywalker, Scotland

Tucked away in the rural landscape of the Isle of Skye, this beautiful hostel makes for the ultimate retreat for those who want to go off the grid.

The hostel offers twin private bunks as well as 10-bed dorms and, for Star Wars fans, the Skyewalker Jedi Huts.

It's about a five-minute walk from the local hotel which serves up hot meals and boasts a cosy bar, or head to the famous Talisker distillery less than three miles away.

The Hostel has a well equipped self catering kitchen and a large garden area for recreation and barbecues. There is also a cool 'chill out' glass dome for guests to relax in - and there are regular Scottish folk music sessions on offer (complete with spare instruments for guests who want to join in!).

How much? Prices start from £20 for dorm rooms, per bed. Private twin bunks from £48 per night.

5. Bambuda Lodge Panama , Panama

Bambuda Lodge, Panama

If you're after somewhere with a waterfront location and a massive pool, then Bambuda Lodge is the place for you.

Surrounded by lush rainforest you'll feel like you've stepped into a film set thanks to the burst of colour to be found - and the delicious fruits growing from mango to pineapple and bananas.

Oh, and directly off the hostel's dock there's a breathtaking coral reef offering up colourful marine life - while away an afternoon snorkeling before heading to the on-site bar and restaurant by the pool to replenish your energy.

How much? Dorm room prices from £14 per bed. Private rooms from £47.24 per night.

6. Book and Bed , Tokyo

Book and Bed, Tokyo

If you're the type who loves to read before bedtime, then you're going to love this hostel.

Book and Bed does exactly what it says on the tin - the dorm room beds are quite literally tucked away inside the bookshelves, meaning you have access to the whole library before you settle down for the night.

How much? Prices from £27.65 per night.

7. Generator Venice Ostello , Venice

Generator Venice Ostello, Venice

If you're looking to socialise and make friends during your travels then this hostel provides the perfect atmosphere from designated chill out areas with comfy sofas and games, to the swish bar for a tipple or two.

Located off the main island of Venice you can enjoy incredible views of the city (it's just a few minutes' journey for when you do want to explore).

Perfect for a city break - although it's worth noting that breakfast and towels aren't included in the price.

How much? Prices for dorm rooms from £21.47 per bed.

8. Abbey Court , Dublin

Abbey Court, Dublin

If you're after a touch of luxury but want budget leftover to explore the city, then you may want to check out Abbey Court.

It's been open since 1999 and has en-suite dormitories ranging from four to twenty-four beds, with brilliant catering facilities.

The best part is there are plenty of perks included in the price including all-you-can-eat breakfast, luggage storage on arrival, laptop and passport storage, lockers in the dorm rooms (bring your own lock!), Wi-Fi and Internet, maps and city guides, a self-catering kitchen, and best of all, free guided walking tour of the city every morning.

Not to mention their iconic nightly pub crawl.

How much? Dorm room prices start from £13.87 per bed.

9. Casa Gracia , Barcelona

Casa Gracia, Barcelona

Not only does Casa Gracia look quite swish, but it's bursting with surprises from a playroom that used to be a vault, to the secret wine cellar.

There are plenty of stylish and spacious dormitories (all of which have ensuite bathrooms), but for something really special there are private suites - one even has its own hydromassage Jacuzzi!

How much? Dorm rooms start from £16.83 per bed. Private rooms start from £71.58 per night.

10. Bangkok Bed and Bike , Bangkok

Bangkok Bed and Bike, Thailand

For those wanting to make the most of Bangkok's hustle and bustle, this quirky bicycle-themed hostel could be the answer.

Just a few minutes walk from stunning temples and vibrant food markets, it offers everything you need for a cheap city break.

There are nine air-conditioned rooms varying from deluxe suites to dormitories - there are no ensuite bathrooms, but there are eight shared bathrooms and nine toilets so you're unlikely to have to wait around.

How much? Dorm rooms start from £10.69 per bed. Private rooms start from £27.02 per night.

All prices subject to availability and change.