Some Information and Pictures are taken from Hostels.com
Mingtown Hiker International Youth Hostels


Address:
No. 450 Middle Jiangxi Rd. Shanghai. P.R.China.
黄浦区江西中路450号
phone: +86-21 63297889
fax: +86-21 63298099
email: mingtown@foxmail.com
My Comments:
Offers Private Rooms or Dormitories. Try to book at hostels.com, and you will see the rates. Prices are very affordable, even for private rooms. I paid RMB 35 for a bed in the 4-Beds dormitory.
The place is clean and safe. What I like about this hostel is its proximity to the Bund (5 minutes walk). Excellent location, with easy access to mini-mart (just two shops away), restaurants, and 5 minutes walk to Nanjing East Road Metro Station.
The dormitories are equipped with security lockers (quite big), whereby you could store your bags/valuables.
Laundry (including drying) charges at RMB 10 for 2.5 kg of clothes.
There are 3 PCs available for free internet access between 7am and 2am. Alternatively, you can surf internet using your own laptop via WiFi.

DIRECTIONS
DIRECTIONS FROM THE PUDONG INTERNATIONAL AIRPORT (PVG):
1) Maglev Train (50rmb) from PVG to Long Yang Road station (龙阳路), then transfer to subway line 2 (costs: 4RMB) to Nanjing Rd(East) station (南京东路), take exit 3 and walk along the east Nanjing Road to the east (towards the Bund). After the second traffic lights turn left (walk along the Middle Jiangxi Road 江西中路 to north), after the 4th block (East Beijing Rd 北京东路) you will find our hostel (on the right).
2) Shuttle bus: Take No. 2 shuttle bus from PVG to Jing'An Temple 静安寺 (that will cost you about 19RMB), then take subway line 2 (4RMB) to Nanjing Rd(East) station, or take taxi from Jingan Temple to the hostel about 20RMB.
3) Take taxi : Gate No.3 (Domestic) Gate No.15 (International) on 1F
Taxi fee about 160RMB by day; 200RMB by night (after 23:00)
DIRECTIONS FROM THE HONGQIAO AIRPORT (HQ AIRPORT):
1)Bus No.925 from HQ airport to the last stop the People`s square (4RMB), then take subway line 2 one stop to Nanjing Rd(East) station, or walk along the East Nanjing Rd for half an hour or take a taxi (12RMB) to the hostel.
2)Take a taxi about 50RMB by daytime,100RMB by nighttime (after 23:00)
DIRECTIONS FROM THE MAIN SHANGHAI TRAIN STATION:
1) Take bus No.64 : leave the station at the west-south exit, walk right (to the west) to the bus park and take the bus 64 (2RMB), get off at Middle Jingxi Rd bus stop, then walk north (in the opposite direction of the bus) to the traffic lights and after East Beijing Rd walk about 100metres and you will find the hiker hostel in the right.
2) take the subway (4RMB): the metro station is outside the train station,take subway line 1 to People's Square(the 3rd stop) then transfer onto line 2. It takes one stop to Nanjing Rd(East).
3) Take a taxi about 15RMB, after 23:00 about 18RMB.
DIRECTIONS FROM THE SOUTH SHANGHAI TRAIN STATION:
1) Take the subway (4RMB): metro line 1 from South Shanghai train station to the People's square then transfer onto line 2 to Nanjing Rd(E). Or take No.5 shuttle bus arrive to people's square, then change the subway line 2 to Nanjing(East) Station
2) Take a taxi about 50RMB by daytime, 100RMB by nighttime (after 23:00).
Other links on this hostel:
http://www.yhachina.com/ls.php?id=15
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