Prices for Hostels and PG in Mumbai vary greatly as per the location. While you can easily find a PG in 20000 in the central suburb, you will have to spend more than 30,000 in a posh locality such as Vile Parle, Juhu or Andheri. So, you have to go as per your location, amenities and then fix up a budget. At Your-Space our Hostels in Mumbai usually are priced between 20,000-35,000 based on locality and amenities etc.