The African Hostel is in the Downtown neighborhood, the old center of Cairo, built in the 30's. It stands in an old building of several floors, but I think people live downstairs. There are several hotels in this area, which has a good reputation for travelers. As such, there is stiff competition, and here you have internet, 24-hour reception, currency exchange, a left luggage service for the day you check out ... and they can help organise your trips and your tickets to the sights. The price of a single room with shared bathroom is $ 13, 19 with private bath, double is between 18 and 22 dollars, the triple and quadruple between 24 and 32 dollars. The rooms are large with high ceilings with ceiling fans, typical of these old buildings.
I struggled to find the New Palace Hostel because the map on their website says it's on one side of Suleiman Halaby Street, but it's actually on the other side. It occupies the sixth and seventh floor of an old building in the neighborhood of Downtown. The guys are friendly, they learn your name quickly, and always worry about whether you're having fun. The single room costs 50 pounds per night, 35 if you want to share. I ordered one and got a private 4 bed room for me alone. Everything was very clean, and for this price I doubt you get much better. There is wifi in some rooms, and an internet cafe. We had breakfast on the terrace, which is quite basic, just bread with marmalade, an egg and coffee. They let me enter the room at 8 in the morning, but checkout is at 12. They organise tours here, and you can buy bus tickets etc ... although they do charge a commission for these services.