If you’re looking for an inexpensive place to stay near the heart of Osaka, I recommend J-Hoppers Osaka Central. J-Hoppers is a small chain of hostels with locations in Osaka, Kyoto, Hiroshima, and Hida Takayama.
Photo from J-Hoppers.
The Osaka Central location is about a 20-minute walk from JR Osaka （大阪駅）/Hankyuu Umeda Stations （梅田駅） and 5 minutes from the JR Fukushima* Station (福島駅) on the Osaka Loop line. Make sure you have a map if coming from the Osaka station, as the path is a little confusing the first time.
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Ishikawa JET 