Khaosan Road (Thanon Khaosan, ถนนข้าวสาร) is a true backpackers sanctuary with many reasonable priced hotels. Prices between 20 and 50 Euro/dollar are not uncommon. Backpacking doesn’t mean you have to live without the luxuries of life. Some of these hotels even have a swimming pool at the rooftop ! Since Bangkok is ranked among the warmest capitals on earth, this is a welcome amenity to get used to the climate of South East Asia.
D&D Inn Bangkok
Buddy Lodge Hotel
This hotel has also a fitness room that can be used free of charge when you stay in the hotel. Right next to the Brick Bar and a McDonnalds.
Violet Tower at Khaosan Palace
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Not in the Khaosan Road itself but within a good walking distance:
Sleep Withinn Bangkok (Soi Rambutri)
Chillax Heritage (Chao Paraya River)