For budget and adventurous travellers Amsterdam offers a variety of hostels. Some of them are conveniently located in the center of the city (Leidseplein, Red light district, Damrak, Herengracht) and offer an attractive price to the travellers.
Some of the most famous Amsterdam hostels are:
The Flying Pig Hostel (Vossiusstraat 46 and Nieuwendijk 100 (5 minutes walk from the station))
Heart of Amsterdam (Oudezijds Achterburgwal 118 -120, in Red Light District)