We stayed at the Shanghai Soho Bund Youth Hostel in a 6 bed dorm with a private bathroom without breakfast (58RMB/ AU$11.50)
First thing to point out, there was no elevator and we had a dorm on the 4th floor. The room itself was nothing special, in fact not great at all. Beds were uncomfortable wooden slabs (common in China hostels) and the shower had no curtain so the water covered the entire bathroom. There was a common area on the ground floor, not that we spent any time there. The best thing about this place was its location – the Bund in Shanghai, within walking distance.