It's a bargain, being right in the middle of downtown Austin. However, being in the middle of downtown, it's noisy until about 2:00 AM (including noise from the live music venue run by the hostel's owners). My room had 8 people in it, which was a little more than I expected, but I have to say, everyone was courteous and it went well. About half of them were also in town for the same conference as I was.